How is The Net Worth of Migos a Stunning $80m?

What is Migos’ net worth?

The Usual Intro

Migos formed in 2008, and the trio began their rapping careers in Georgia. Coach K is the one who manages the group, and he has worked with other artists, such as Gucci Mane and Young Jeezy.

Despite its foundation in 2008, the Migos didn’t become famous until 2017, when the trio quickly became a household name in the entertainment industry. Between 2017 and 2018, the Migos participated in over 93 live shows and earned approximately $25 million.

Between ticket, record, & merchandise sales, along with endorsements, they have a net worth of $80 million.

Before the Spotlight

Migos is a hip-hop group consisting of Quavo, Offset, and Takeoff. These three rappers had different upbringings that shaped their futures.

Quavious Keyate Marshall, also known as Quavo, was born on April 2^nd, 1991, in Athens, Georgia. Quavo lost his father when he was four years old, forcing his mother, a hairdresser, to take care of him. He grew up in Gwinnett County.

He went to Berkmar High School and played as a quarterback for the school’s football team. However, he dropped out of high school before graduating.

Kiari Kendrell Cephus, also called Offset, was born on December 14th, 1991, in Lawrenceville, Georgia. Offset and Quavo are cousins, and he also grew up in Gwinnett County.

Kirshnik Khari Ball, also known as Takeoff, was born on June 18th, 1994, in Lawrenceville, Georgia. Takeoff is Quavo’s nephew, and he, too, grew up in Gwinnett County.

The Journey to Success

The Migos entered the limelight in 2013 after releasing their single, “Versace.” In 2015, they released their first album, “Yung Rich Nation.”

They later released “Bad and Boujee,” which boosted their popularity since the song was number one on the US Billboard Hot 100 chart. They also released Culture I, a hit album that increased their fame.  

In 2015, the Migos were under 300 Entertainment, earning $30,000 to $40,000 per show. However, they made $60,000 per show when they joined Quality Control Music. Since the Migos have cemented their status in the entertainment industry, they usually ask for at least $150,000 per tour stop.

The Migos have endorsement deals with Beats By Dre, Champs Sports, and Avianne Jewelers. They have also participated in a televised advertisement for the Mountain Dew soft drink.

The Best Moments

• They released the Culture I album in 2017.
• They won the best group award at the 2017 BET Awards.
• They released the Culture II album in 2018.
• They won the best group award at the 2018 BET Awards.

The Private Side

Each member of the Migos has a unique personal life.

Quavo is not married, but he dated Saweetie before they ended their relationship. However, he has faced various legal issues, and in 2015 he was charged with marijuana possession but was released on bond. Furthermore, in 2020 he graduated from high school after dropping out as a teenager.

Offset married Cardi B in 2017, and they have two children. However, he has three other children with three different women. Furthermore, Offset has faced various controversies, including being publicly accused of cheating by Cardi B. In 2020, Cardi B filed for a divorce, but they settled their differences.

Takeoff is not married, and he is not in a relationship. However, the young rapper has faced various legal issues. In 2020, he was accused of sexual battery, assault, and gender violence. However, in 2021, the District Attorney’s office refrained from filing these charges due to insufficient evidence.

Migos Return To The Breakfast Club, Talk Culture II, The Come Up + More Music

Lessons for Entrepreneurs

Here are various success lessons we can learn from the Migos.

Never give up.

The main success story from the Migos is that we should never give up. The group formed in 2008, but it took them nine years to become famous and thrive in the entertainment industry. It shows that one should never give up on their dreams, no matter how long it takes to achieve them.

Consistency is the key to becoming wealthy.

There is a difference between rich people and wealthy people. The main difference is that rich people are satisfied when they earn a specific amount. However, wealthy people are consistent in their pursuit of success despite their achievements. As such, the main lesson is that we should continue grinding to achieve more success even after accomplishing a few goals.

Confidence is important.

In one of Migos’ songs, they talk about having confidence. They contend that you can be the most accomplished person in the room, but if you are not confident, you may not feel like it. Thus, the lesson is that you should always be confident in everything you do since it gives you the assurance you need to stand out.

Personal reflection is essential.

The Migos reiterate the importance of reflecting on your journey to appreciate your current success and the obstacles you overcame.

The Unusual Stuff

• Quavo, Offset, and Takeoff initially named the group “Polo Club” before changing it to Migos.
• The Migos do not bank all of their money, meaning they always travel with large stacks of cash.
• Biggie and Tupac inspired their hit song “Versace.”
• The Migos started making beats in 7^th grade.
• Kanye West wanted Migos to join his record label, but it did not work out.

Answering Frequent Questions

These are the most frequently asked questions about the Migos.

Who is the oldest member of the Migos?

Quavo is the oldest member of the Migos and their leader.

Are the Migos related?

Quavo and Offset are cousins, and Takeoff is Quavo’s nephew.

What is Migos’ net worth?

The Migos have a combined net worth of $80 million.

The Closing Remarks

The Migos achieved success in a few years, but they worked hard and waited for a long time to become one of the best rappers in the music industry. They are a classic example that people can work together and succeed together.

They currently have a net worth of $80 million, with more to come as they are still releasing new music.

Featured Image Editorial credit: Sky Cinema / Shutterstock.com