If you‘re a fan of Travis Scott‘s music, you may be wondering – what is Travis Scott‘s net worth in 2024? How much is the rapper actually worth after reaching global stardom? Well, you‘re in luck because we‘re going to take a deep dive into Travis Scott‘s current net worth and how he built his multimillion dollar fortune.
As of August 2023, Travis Scott‘s net worth is estimated to be around $60 million. For a rapper who is just 31 years old, amassing a $60 million net worth is no small accomplishment. Travis Scott has earned his fortune through his successful music career, lucrative business deals, and savvy investments. While his girlfriend Kylie Jenner is far richer with a staggering $900 million net worth, Travis Scott‘s finances are still extremely impressive all on his own.
But how did he go from a kid growing up in Missouri City, Texas to having a net worth of $60 million? Where does the bulk of his wealth actually come from? Let‘s analyze the key sources contributing to Travis Scott‘s massive fortune and how he built it.
A Breakdown of Travis Scott‘s Net Worth Over the Years
Travis Scott‘s net worth has steadily climbed over the past decade as his career has exploded. According to financial estimates, here is how his net worth has progressed on a yearly basis:
| Year | Net Worth |
|---|---|
| 2018 | $20 million |
| 2019 | $39.5 million |
| 2020 | $45 million |
| 2021 | $50 million |
| 2022 | $55 million |
| 2023 | $60 million |
As you can see, Travis Scott‘s net worth has nearly tripled over the past 5 years, going from $20 million in 2018 to his current $60 million in 2024. His average annual earnings during this period have typically ranged from $40 million to as high as $60 million.
For example, between mid-2019 and mid-2020, Travis Scott‘s net worth leapt from $30 million to $50 million in just 12 months – proof of his earning power.
According to financial data, here is a more detailed breakdown of how Travis Scott‘s net worth has grown over the past decade:
- 2012 – $2 million
- 2015 – $10 million
- 2017 – $20 million
- 2019 – $30 million
- 2020 – $50 million
- 2022 – $58 million
- 2023 – $60 million
The pace of his wealth creation is impressive. Travis Scott has seen his net worth increase by $50 million in just the last 5 years alone.
The Major Sources of Travis Scott‘s $60 Million Net Worth
Travis Scott‘s incredible $60 million net worth comes from various streams of income. Here are the main sources contributing to his wealth:
Music Sales & Streaming Revenue
The foundation of Travis Scott‘s fortune is definitely his music career. He has released 3 platinum-certified studio albums – Rodeo, Birds in the Trap Sing McKnight, and Astroworld.
In total, Travis Scott has sold over 45 million records worldwide and has chart-topping singles like "Sicko Mode", "Highest in the Room", and "Goosebumps". His music brings in between $10 to $15 million per year from sales, downloads, streaming royalties, and publishing rights.
As an example, his smash hit "Sicko Mode" has been streamed over 1.5 billion times on Spotify alone. At a blended streaming royalty rate of $0.003 to $0.005 per stream, this one song has likely earned Travis Scott between $5 to $7.5 million just from Spotify.
Touring & Live Performances
Travis Scott‘s extravagant touring shows are a huge source of income for him. His "Astroworld – Wish You Were Here" tour in 2019 grossed over $34 million from just 49 dates, according to Pollstar.
By comparison, his "Birds Eye View" tour in 2017 earned $13 million from 40 shows. Industry experts estimate that Travis Scott has made well over $100 million during his career from tours and live performances.
At his peak, Travis can easily earn between $500,000 to over $1 million per show. He also sells VIP packages and meet-and-greet experiences that rake in big dollars. Touring remains Travis Scott‘s single most lucrative income source.
Endorsements & Business Ventures
Beyond music, Travis Scott earns big through his business ventures and endorsement deals with major brands.
For example, his partnerships with McDonald‘s, Nike and Fortnite have been extremely lucrative. He even had his own Travis Scott Meal at McDonald‘s which led to shortages nationwide, earning him an estimated $20 million.
Travis also launched his own successful clothing line Cactus Jack, CDs Box record label, and produces his own hard seltzer line Cacti Agave Spiked Seltzer. His business empire brings in around $15 to $20 million annually and rising.
Here are some of his biggest brand endorsement and business deals:
- McDonald‘s – Estimated $20 million
- Nike – Multi-year deal worth ~$10 million a year
- Fortnite – Earned ~$20 million for virtual concert
- PlayStation – Contract worth ~$4 to $8 million
- General Mills -deal for Reese‘s Puffs ~$5 million
- Anheuser-Busch – Cacti seltzer brand
Merchandise Sales
Capitalizing on his popularity, Travis Scott earns big from selling merch at shows and online. During tours, he can pull in over $2 million a night in merch alone, which adds up fast.
His online store sells apparel, accessories, collectibles and more to fans globally. Altogether, merchandise accounts for around $10 to $15 million of Travis Scott‘s annual income.
As you can see, Travis Scott‘s $60 million net worth comes from a diverse mix of music, touring, endorsements, and merchandise. He‘s become a savvy businessman, not just a rap artist.
Travis Scott‘s Net Worth Compared to Other Top Rappers
How does Travis Scott‘s $60 million net worth stack up against other top rappers in the game currently? Here‘s a quick comparison:
- Drake – $250 million
- Kanye West – $6.6 billion
- Jay-Z – $1.3 billion
- Eminem – $230 million
- Kendrick Lamar – $75 million
- J. Cole – $60 million
- Travis Scott – $60 million
As you can see, Travis Scott‘s net worth is on par with rap stars like J. Cole and Kendrick Lamar. However, he still has a ways to go to match Drake‘s $250 million fortune or catch up to billionaires like Kanye West and Jay-Z.
Within the next few years, Travis Scott‘s net worth could potentially double to over $100 million if he maintains his current career success.
The Impressive Progression of Travis Scott‘s Wealth
Looking back, Travis Scott was barely worth $2 million when he first emerged on the scene in 2012. Within 3 short years, he grew his fortune to $10 million by 2015. But the real growth spurt has come in the past 5 years.
For example, his net worth doubled from $20 million in 2017 to $40 million by the end of 2018. Then in just one year between 2019 and 2020, Travis Scott‘s net worth jumped from $30 million to $50 million.
Forbes named him one of the highest paid rappers in both 2020 and 2021. Last year, Travis Scott ranked at #39 on the Forbes Celebrity 100 list, with estimated total earnings of $58 million for 2022.
As of mid-2023, financial reports estimate Travis Scott‘s current net worth to be $60 million. At just 31, and with his music career still in its prime, Travis Scott seems well on his way to continue growing his fortune in the coming decade.
Here is a snapshot of Travis Scott‘s impressive net worth growth over the past 10 years:
| Year | Net Worth | Increase |
|---|---|---|
| 2012 | $2 million | – |
| 2015 | $10 million | +$8 million |
| 2017 | $20 million | +$10 million |
| 2019 | $30 million | +$10 million |
| 2020 | $50 million | +$20 million |
| 2022 | $58 million | +$8 million |
| 2023 | $60 million | +$2 million |
Breaking Down Travis Scott‘s Major Earners in 2024
Currently in 2024, Travis Scott‘s income is being fueled by these major sources:
- Music & Streaming: ~$15 million
- Live Performances: ~$20 million
- Endorsements & Business Deals: ~$20 million
- Merchandise: ~$15 million
- Other Income: ~$10 million
Altogether, Travis Scott‘s estimated total earnings for 2024 should exceed $80 million. Given his steady cash flows, Travis Scott‘s net worth could potentially reach $65 to $70 million by 2024 if he maintains this pace.
However, much of that will depend on touring activity and new music releases. His career (and income) took a hit after the Astroworld tragedy in late 2021. But Travis Scott is now starting to return to normal activity and his finances seem back on track.
Travis Scott‘s Wealth Compared to Kylie Jenner‘s Fortune
An interesting financial comparison is Travis Scott‘s net worth versus his partner Kylie Jenner‘s net worth. The lip kit mogul Kylie Jenner is worth an astonishing $900 million as of 2024.
In contrast, Travis Scott‘s $60 million net worth seems modest, despite being highly impressive for a rapper his age. Kylie Jenner was named the youngest "self-made" billionaire ever by Forbes in 2019 at age 21 (though the publication later rescinded the title).
While Scott‘s fortune is just a fraction of Jenner‘s, it‘s important to note his net worth is entirely self-made. Jenner was born into wealth and stardom being part of the Kardashian empire. The bulk of her $900 million fortune stems from her cosmetics company, Kylie Cosmetics.
Still, Travis Scott‘s $60 million net worth is incredibly substantial for someone who grew up middle-class in Missouri City, Texas. Considering he‘s earned it independently through music and business deals, it‘s certainly remarkable.
The Bottom Line: Travis Scott‘s Net Worth is Impressive and Growing
There’s no denying Travis Scott’s incredible talent and business savvy in amassing a $60 million net worth by age 31. He has successfully leveraged his music fame into a multifaceted business empire.
His net worth trajectory has been steep and seems primed to keep climbing in the coming decade. Travis Scott has plenty of earning potential through touring, new music, endorsements, and merchandise sales.
While his girlfriend Kylie Jenner‘s $900 million fortune dwarfs Scott‘s by comparison, his net worth remains hugely impressive all on its own. He is worth more than many other rap stars his age like J.Cole and Kendrick Lamar.
Given his young age and continued momentum, don‘t be surprised to see Travis Scott enter the ultra-exclusive hip hop billionaire club someday down the road. But for now, his net worth of $60 million is a testament to his work ethic, musical talent and business savvy. Travis Scott has successfully spun gold from his creativity and brand – and earned financial security for life along the way.
Frequently Asked Questions About Travis Scott‘s Net Worth
Curious to learn more about Travis Scott‘s wealth, income sources and net worth? Here are answers to some frequently asked questions:
What is Travis Scott‘s current net worth in 2024?
According to the latest financial reports, Travis Scott‘s current net worth is estimated at $60 million as of August 2023. This figure incorporates all of his assets, real estate, earnings and investments minus any debts.
How did Travis Scott build such massive wealth and become a multimillionaire?
Travis Scott built his $60 million fortune primarily through his successful music career. His albums, singles, sold-out tours and merchandise sales have made him rich. Lucrative endorsement deals and savvy investments have also grown his wealth.
How much money does Travis Scott make in a year?
In recent years, Travis Scott‘s annual income and earnings have ranged between $40 million to $60 million. Some estimate his 2023 earnings could top $80 to $90 million.
What businesses and endorsements contribute to Travis Scott‘s net worth?
Major brands Travis Scott has partnered with include Nike, McDonald‘s, Fortnite, PlayStation, General Mills and Anheuser-Busch. He also owns a record label, clothing line and produces his own hard seltzer. These business ventures add millions in income per year.
How does Travis Scott‘s net worth compare to other top rap artists?
Travis Scott‘s $60 million net worth makes him rich, but is lower than rappers like Drake, Kanye West and Eminem. However, he is on par with stars like J. Cole and Kendrick Lamar which is still extremely impressive.
Is Travis Scott‘s net worth higher than his girlfriend Kylie Jenner‘s?
No. Travis Scott‘s $60 million net worth is dwarfed by Kylie Jenner‘s mammoth $900 million net worth. She is by far the richer partner in their relationship.
Will Travis Scott‘s net worth keep rising in the coming years?
Given Travis Scott‘s young age and ongoing success, his net worth will likely keep increasing over the next decade, potentially reaching $100 million or more. However, he must keep producing music and touring to maintain his current income level.
