HomeNET WORTHMigos Net Worth | Are They The Richest Hip-Hop Group Ever ?

Migos Net Worth | Are They The Richest Hip-Hop Group Ever ?

Migos Net Worth: Migos are an American hip-hop trio who have a combined net worth estimated at $90 million. The group consists of three talented rappers professionally known on stage as, Quavo, Offset, and Takeoff(late). They are relatives and they formed the group in 2008. They are one of the best rap groups in this generation. Since they rose to prominence they have been on top of their game and have accrued a decent amount of fortune for themselves.

In a good touring year, they are one of the highest-paying entertainers in hip-hop. The group was able to make a combined $25 million between September 2017 and September 2018 from 93 live performances during that time. They charged $150,000 plus per performance. The group has also made it to the Forbes 2018 list of 30 under 30 in music, including Offset’s wife Cardi B that same year.

Migos are known for their breakthrough single in 2013 “Versace”, and a couple of hit songs, including a mixtape Juug Season, No Label, and many more. How they came to the light lime is proof that no matter how hard it gets or takes never give up on your dream. When they formed the group it took them a decade to gain notoriety despite the social media at their disposal. Must Read: Travis Scott’s Net Worth

How Do The Migos Make Their Money?

Migos has a combined net worth of $90 million. Their major source of income comes from their music. They earned their money through streams, royalties, album sales, features, stage performances, and tours. Despite having individual careers, they also have a combined YouTube channel with over 12 million subscribers that generates a lot of money.

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The hip-hop trio’s major source of making their money outside the music business is also their endorsement deals. The rap group is reported to have partnered with a company called, Finish Line, where they would serve as creative directors. In 2019, Billboard reported that Migos collaborated with a Canada-based company Can-Am to launch their latest Ryker 3-wheeled motorcycle. Migos also have endorsement deals with Beats By Dre, Champs Sports, Avianne Jewelers, and Mountain Dew.

In September 2015, Migos left 300 Entertainment, because they felt Quality Control Music could manage them alone, and also help increase their earnings. Under 300 Entertainment management, they earned about $30,000 -40,000 per show, but through Quality Control they earn much more like $60,000.

Who Are The Migos?

The Migos consist of Quavo (born Quavious Keynote Marshall), Offset (born Kiari Cephus), and late Takeoff(born Kirshnik Khari Ball). Quavo who happens to be the oldest among them was born on April 2, 1991, Offset on December 14, 1991, and Takeoff the youngest in the group was born on June 18, 1994. They all grew up under the care of Quavo’s mother who worked as a hairdresser. Growing up they listened to rappers like Lil Wayne, Gucci Mane, and OutKast. All the members are related.

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What Is The Net Worth Of Quavo?

As Chrisplug previously reported, Quavo has a net worth totalling $26 million. Putting aside his success with the group, Quavo also makes most of his money from several endorsement deals and his work as an individual in the music business. He is also an investor in a sports brand, Legends. Quavo is a rapper, singer, songwriter, and record producer. He is known as the co-founder and current frontman of the Migos group.

What Is The Net Worth Of Offset?

Offset has a net worth of $26 million. In the $25 million the group earned between 2017 and 2018, The rapper took home about $8 million. He is also an investor in a production company, AXSD Media, HiDef, and Avatar tech company Genies. He has also collaborated with fashion designers and collections like Lavati, Bryce Barnes, and Gosha Rubchinskiy. Offset has a YouTube channel also where makes cool cash through ads display.

What Is The Net Worth Of Takeoff?

As a younger member of the Migos, the Takeoff had a net worth of $24 million. The majority of the rapper’s money came from his take-home pay in the music business and from other endorsement deals the group has earned collectively. Takeoff launched an NFT collection. Which was his first collection, Apes in Space sold 10,000 NFTs in less than a week. Must Read: Nicki Minaj’s Net Worth

Career Beginning Of The Migos

Quavo, Offset, and Takeoff teamed up to form the Migos group in 2008, and they are directly related and grew up together in Atlanta. The group was originally called the Polo Club. The trio introduced themselves by releasing their first full-length mixtape, titled Juug Season in 2011, and followed it with the “No Label” mixtape in 2012.

In 2013, Migos dug out their breakthrough single “Versace,” and peaked at #99 on the US Billboard Hot 100 chart. Close to the year, Drake remixed the song by adding a verse which made the song more popular. They then came up with the mixtape Y.R.N (Young Rich Niggas), Versace was the leading single of the mixtape. The single landed on many year-end best-of lists, such as XXL’s “The 25 Best Songs of 2014l3,” Complex’s “The 50 Best Songs of 2013,” SPIN’s “50 Best Songs of 2013,” and Rolling Stone’s “The 100 Best Songs of 2013.”

In 2014, Migos dropped their second mixtape, No Label 2. It was downloaded 100,000× in the first week and earned a gold certification on the music-sharing site DatPiff. The mixtape earned positive reviews from music critics. Migos signed a recording contract with 300 Entertainment with Atlantic Records as its distributor. Their song “Fight Night” was featured on the list of XXL’s “25 Best Songs of 2014 so far,” and it reached #69 on the Billboard Hot 100. The group followed it with Rich Nigga Timeline and Rolling Stone voted it the 7th-best rap album of 2014.

In 2015, Migos released the single “One Time” from their upcoming full-length album. They accompanied it by releasing a music video for the single. One Time peaked at #34 on the US Hot R&B/Hip-Hop Songs. The incident at Georgia Southern University in April 2015, where the Migos and together with their entourage were arrested during their concert at the school, delayed the release of their album. The group’s debut album Yung Rich Nation was released on July 31, 2015, featuring Chris Brown and Young Thug.

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The hip-hop trio dug out a mixtape called “Back to the Bando” in September 2015. Offset was still incarcerated, and they continued to drop songs. The lead single from the mixtape, Look at My Dad came out on September 6. It was released as a single via iTunes on October 30. The following month, Migos and Rich the Kid dropped Streets on Lock 4.

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In 2016, Kanye West made it known that he had signed the trio to his GOOD Music label but the group eventually stated that they have no deal with West’s label. The group released “Bad and Boujee”(featuring Lil Uzi Vert), the first single of their new album Culture. ” Bad and Boujee” topped the Billboard Hot 100, becoming their first #1 single in the US. Migos welcomed their second album, Culture on January 2017. In April 2017, the group was featured on “Bon Appétit” by Katy Perry.

The same year, they released “Too Hotty” from a compilation album, Quality Control: Control the Streets Vol.1. It was officially released on a streaming service on August 24, 2017, and the music video was released the following day. In June 2017, Migos together with Lil Yachty hopped on “Night Call” by Steve Aoki. The trio dropped “MotorSport” from Culture II, their third album along with fellow female rappers Cardi B and Nicki Minaj.

On December 20, 2017, “Stir Fry” the second single came out on the official YouTube channel of the Migos. It was used for the 2018 NBA All-Star Weekend. Culture II came out in 2018 containing 24 tracks. In 2018, Quavo announced that Culture III would be out in early 2019. It was set back and set for release in early 2020. However, Culture III was rescheduled again, due to the COVID-19 Pandemic.

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In 2020, Migos revealed that they would change the title Culture III to another title. They revealed it on Lil Wayne’s Young Money, Radio Show, on Apple Music. But it was reverted when Migos announced on Instagram that the album would be released on June 11 of the same year under its original name.

Legal Troubles Of The Migos

Before fame, Offset was imprisoned in Georgia DeKalb County Jail for contravening the probation that he had received due to felony convictions for burglary and theft.

The Migos was scheduled to headline Georgia Southern University’s spring concert in 2015. However, the trio got into trouble early, which cause them to take to the stage almost an hour and a half later than the contract agreement time. Migos performed for less than 30 minutes before leaving the stage, contravening the contract’s stipulation of a 45-minute set length. The security who were patrolling around the concert detected a heavy scent of Marijuana coming from the Migos van, and they were questioned by law enforcement.

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Migos and the other 12 members were apprehended on account of the possession of marijuana, possession of firearms in a school safety zone, possession of firearms during the commission of a crime, and possession of firearms by convicted felons. Quavo, Takeoff and the other six of their entourage were released on bond, Offset and six others remained in custody without bond. Due to the incident, the group announced they would reschedule their Yung Rich Nation Tour.

Offset was released after eight months in custody after he accepted an Alford plea deal. The deal dropped the gun, drug, and all gang-related charges in exchange for pleading guilty to inciting a riot within a penal facility. He was fined $1,000; served five years probation and was banished from Bulloch, Effingham, Jenkins, and Screven counties. Takeoff faced marijuana charges and accepted a plea deal and was sentenced to 12 months of probation. Quavo pleaded no contest to misdemeanour marijuana charges and received a 12-month sentence, and it was suspended based on fines payment.

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On March 17, 2016, Offset was arrested in Atlanta for driving with a suspended license but was released the following day without having charges filed against him. The rapper has since claimed his license was never suspended and the police detained him without probable cause. On July 7, 2017, Takeoff was asked to leave a flight from Atlanta to Des Moines, Iowa after he refused to move his bag from the floor and put it on an overheard storage bin before takeoff. Rapper XXXTentacion claimed the Migos injured him and pulled a gun on him. In 2018, Migos were sued for inciting a riot at Washington Avenue Armory in 2015. Six people were reported to have been stabbed and a concertgoer who suffered facial injuries also sued the band and the venue.

Frequently Asked Questions

What Is The Net Worth Of The Migos?

The Migos consist of three rappers, Quavo, Offset and late Takeoff. Migos has a net worth estimated to be $90 million. Their major source of income comes from endorsement deals, tours, album sales, streams and many more.

Who Is The Leader Of The Migos?

Quavo is the co-founder and the forefront of the hip-hop trio. He is also the oldest among them. Quavo is a talented rapper who has achieved a lot with the group and as an individual artist as well.

How Many Albums Do The Migos Have?

Since they released their breakthrough single Versace and Bad and Boujee, they’ve released about 4 albums including Yung Rich Nation(2015), Culture(2017), Culture II(2018) and Culture III (2021).

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Conclusion

Migos is an American hip-hop group that has a net worth of $90 million. The group was formed in 2008. All the members of the group are related. Aside from the group, the members also have solo careers and they have all released their solo albums. Takeoff dropped “The Last Rocket”(released November 2018), Quavo released ” Quavo Huncho”(released October 2018), and Offset dug out “Father of 4″(February 2019). Must Read: King Von Net Worth

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Raymond Aganahttps://chrisplug.com
Chris Raymond is an Internet/football addict. I love reading and writing as well cause I believe it improves knowledge. And when knowledge is obtained and put through the right channel the world becomes a better place. Comment and share the article you enjoy reading. Peace!!

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