• Megan Thee Stallion currently has an estimated net worth of $6 million
  • The rapper allegedly received only $10,000 as signing bonus from her record label 
  • Stallion is set to release a remix of BTS' "Butter" this week

Megan Thee Stallion, born Megan Jovon Ruth Pete, is a rapper and songwriter who made her professional solo debut with her 2017 EP “Make It Hot.” She has been making big waves in the music scene since then. And now the recording artist is set to release her collaboration with South Korean boy group BTS this week.

The rapper had an estimated net worth of $3 million in December 2020, but her fortune has since doubled to $6 million. Stallion’s success comes from her songs that have made global headlines and have resulted in her winning three Grammy awards in 2021, namely: Best New Artist, Best Rap Song and Best Rap Performance, as per Celebrity Net Worth.

The majority of the rapper’s massive wealth came after she sued her record label, 1501 Certified Entertainment, in March 2020 for blocking the release of her EP “Suga.” Stallion’s fame and fortune skyrocketed after the release of “Savage (Remix)” featuring Beyoncé in 2020, which topped the Billboard Hot 100 Chart, Cosmopolitan reported.

The rapper’s collaboration with Cardi B, called “WAP,” debuted at the top of the chart in that same year. As of July 29, 2020, “Savage (Remix)” has sold more than three millions units in the U.S. while “WAP” has sold over two million units as of Sept. 6, 2020.

In her legal battle with her record label, Stallion claimed that her contract allowed the company to take a major cut of her income from all sources despite not contributing significantly to her music.

The company allegedly paid Stallion a signing bonus of only $10,000 as an advance toward future earnings. The royalty split between the label and the music artist was 60/40 and all recording costs were to be deducted from sales before the distribution of royalties, as per Rolling Stone.

Amid the music artist’s plan to release her remix of BTS’ “Butter” on Friday, Stallion said in her latest court filing that her record label was preventing her from putting out the song. The documents indicated that the rapper is asking for emergency relief from the court arguing that the blocking of her song will cause “irreparable damage” to her music career, Variety reported.

Stallion was granted a temporary restraining order by the judge but is still under contract with 1501. The TRO will allow her to release her remix of “Butter” this week “as previously scheduled.”

Stallion’s music is known for having sexually explicit verses and swagger, which has earned her the nickname “Hot Girl Meg” on Instagram. She also has more than 32 million monthly listeners on Spotify as of Aug. 25, 2021. In 2019, the music artist won BET awards for Hot Ticket Performer and Best Mixtape. The mixtape that she released in May of that year, “Fever,” also reached No. 5 on the U.S. rap charts, as per Forbes.

Megan Thee Stallion, shown here in November 2019, came up on social media but she is every bit a child of old-school hip-hop
Megan Thee Stallion, shown here in November 2019, came up on social media but she is every bit a child of old-school hip-hop GETTY IMAGES NORTH AMERICA / Rich Fury