Migos Net Worth: A Detailed Breakdown of Their Wealth (2023)
Migos Net Worth - $80 Million
Migos’ Personal Information
Migos is an American hip hop group from Lawrenceville, Georgia, consisting of three rappers: Quavo (Quavious Keyate Marshall), Offset (Kiari Kendrell Cephus), and Takeoff (Kirshnik Khari Ball). The group was formed in 2008, and they all share a family connection: Quavo and Offset are cousins, while Takeoff is Quavo’s nephew. They were raised together in Gwinnett County and began making music as teenagers.
While all three members have thriving solo careers, they continue to collaborate as Migos, releasing numerous hit songs and albums together. Here are some quick facts about the three members of Migos:
Quavo: Born on April 2, 1991, in Athens, Georgia, Quavo is the oldest member of the group.
Offset: Born on December 14, 1991, in Lawrenceville, Georgia, Offset is Quavo’s cousin and married Cardi B in 2017.
Takeoff: Born on June 18, 1994, in Lawrenceville, Georgia, Takeoff is the group’s youngest member and Quavo’s nephew.
Migos Sources of Income
As a group, Migos have a combined net worth of around $80 million. Here are some of the primary sources of income for Migos:
Music Sales and Streaming Revenue
Migos’ music sales and streaming revenue contribute significantly to their net worth. Their songs and albums have performed exceptionally well on various music charts, both in the United States and internationally.
Some of their most successful and popular projects include:
Mixtapes: “Y.R.N. (Young Rich N****s)” (2013), “No Label II” (2014), and “Rich N**** Timeline” (2014).
Albums: “Yung Rich Nation” (2015), “Culture” (2017), and “Culture II” (2018).
In addition to their own music, Migos members have also monetized their talents as featured artists on tracks by other musicians.
Live Performances and Tours
Migos have built a reputation as energetic and charismatic live performers. Their concerts and tours are highly profitable ventures, and they have toured extensively both in the United States and internationally.
In the year between September 2017 and September 2018, Migos reportedly earned more than $25 million due to their concert performances. They played a staggering 93 live shows during that 12 month period, grossing upwards of $150,000 per tour stop.
Endorsements and Brand Partnerships
Migos have capitalized on their fame by signing endorsement deals and partnering with various brands. Some of their high-profile collaborations include partnerships with Avianne Jewelers, Beats By Dre, and Champs Sports.
In 2019, Migos collaborated with Can-Am motorcycles, a subdivision of Bombardier, to launch the 2019 Can-Am Ryker three-wheel motorcycle. They have also appeared in television ad campaigns for Mountain Dew and athletic footwear/apparel retailer Finish Line.
Solo Projects and Collaborations
Migos members have also branched out from the group to pursue various solo pursuits that contribute to their individual net worth. Quavo, Offset, and Takeoff have all released their solo albums:
Quavo: “Quavo Huncho” (2018)
Offset: “Father of 4” (2019)
Takeoff: “The Last Rocket” (2018)
Their individual collaborations and features on other artists’ projects further solidify their personal financial standing.
Migos Expenditures
While the members of Migos have obviously acquired significant wealth in their careers, they also have their fair share of expenses. Some of the principal expenditures for Migos members include:
Lifestyle and Entertainment
As celebrities, Migos members are known for indulging in luxurious lifestyle choices, which can undoubtedly cost significant sums of money. They have been seen wearing designer clothes, expensive jewelry, and driving high-end vehicles, which all impact their individual net worth.
Legal Issues and Expenses
Migos members have faced various legal troubles since their rise to fame, with the most notable incident being their 2015 arrests at Georgia Southern University. These legal issues can result in costly attorney fees and potential fines or settlements.
Taxes and Financial Responsibilities
As high-income earners, Migos members are subject to considerable tax obligations, both on federal and state levels. Additionally, as self-employed individuals, they have to manage their financial responsibilities and insurance premiums.
Migos Real Estate Assets
Migos members also invest in real estate as part of their wealth-building strategies. While the specifics of their real estate holdings are not publicly disclosed, it is expected that they own valuable properties in and around Atlanta, Georgia, as well as other locations.
In conclusion, Migos’ net worth of $80 million is an impressive accumulation of wealth derived from various sources, including music sales, live performances, brand endorsements, and solo ventures. While they have faced some obstacles along the way, their continued success in the music industry and wise financial decisions ensure that their net worth will likely continue to grow in the years to come.
FAQ
Is Cardi B richer than Offset?
Cardi B, a successful rapper and entertainer in her own right, currently has an estimated net worth at about $40 million, while Offset’s net worth is estimated to be around $26.6 million. So, yes, Cardi B is considered richer than Offset.
How much is Takeoff’s net worth?
Takeoff, one of the members of Migos, has an estimated net worth of $26.6 million, which is in line with the individual net worth estimates of the other Migos members.
Who is the leader of Migos?
Migos is a hip hop group composed of rappers Quavo, Offset, and Takeoff. They are all equal members of the group, and there is no designated leader. However, Quavo usually takes on the role of the primary vocalist, often contributing choruses and hooks.
How much money is Quavo worth?
Quavo, one of the founding members of Migos, has an estimated individual net worth of around $26.6 million, consistent with the net worth estimates of the other Migos members.
