Migos Net Worth

Migos Net Worth: How the Hip-Hop Trio Built Their Fortune

Overview: The Financial Empire of Migos

Migos, the influential American hip-hop group hailing from Atlanta, Georgia, has left an indelible mark on the music industry. The trio, composed of Quavo, Takeoff, and Offset, not only crafted chart-topping hits but also built a substantial financial empire. Their combined net worth of $80 million is a testament to their hard work, musical talent, and savvy business decisions. Despite the tragic loss of Takeoff in November 2022, the group’s legacy continues to resonate, and their financial success remains a subject of interest for fans and industry observers alike.

From Gwinnett County to Global Recognition: The Migos Origin Story

The story of Migos begins in the suburbs of Atlanta, specifically Gwinnett County, where the three members were raised together. Quavious Keyate Marshall (Quavo), Kirshnik Khari Ball (Takeoff), and Kiari Kendrell Cephus (Offset) are all related: Quavo and Offset are cousins, and Takeoff is Quavo’s nephew. This familial bond fostered a strong connection, which became the foundation for their musical collaboration. Initially known as the Polo Club, the group formed in 2008, but they rebranded as Migos in 2010.

Their early years were marked by the release of mixtapes, which served as a launchpad for their unique sound and style. The group released “Juug Season” in August 2011 and “No Label” in June 2012. These projects helped Migos develop a dedicated fanbase and hone their craft, setting the stage for their breakthrough into the mainstream.

‘Versace’ and Beyond: The Single That Launched Migos

Migos’ breakthrough moment arrived in 2013 with the release of their single “Versace.” Produced by Zaytoven, the track quickly gained traction, peaking at number 99 on the US Billboard Hot 100 chart. The song’s popularity received a significant boost when Drake remixed it, adding his own verse and performing it at the 2013 iHeartRadio Music Festival. This remix exposed Migos to a wider audience and solidified their position in the hip-hop landscape. “Versace” was rereleased as the lead single on their mixtape “Y.R.N. (Young Rich Niggas)” in June 2013, which earned critical acclaim. SPIN magazine named “Y.R.N.” the 27th-best album of 2013, and the 6th-best hip-hop album of 2013. The success of “Versace” continued, landing on numerous year-end best-of lists, solidifying its place as a defining track of the era.

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Charting the Course: Mixtapes, Albums, and Commercial Triumph

Building on the momentum of “Versace,” Migos continued to release a string of successful projects. “No Label 2,” a sequel to their second mixtape, was released in February 2014 and received positive reviews, accumulating over 100,000 downloads in its first week. The group’s success continued after signing with 300 Entertainment, distributed by Atlantic Records, in June 2014. “Rich Nigga Timeline” was released and voted the 7th-best rap album of 2014 by Rolling Stone. Their music consistently gained attention and critical acclaim.

In 2015, Migos released the single “One Time” to promote their upcoming debut album. Unfortunately, an incident at Georgia Southern University led to arrests for members of the group and their entourage, causing a delay in the album’s release. Despite this setback, Migos’ debut album, “Yung Rich Nation,” was released in July 2015. It reached number 3 on the Top Rap Albums Chart during its first week. Even with Offset’s temporary incarceration, the group persisted in releasing music, including the mixtapes “Back to the Bando” (September 2015) and “Streets on Lock 4” (October 2015), collaborating with Rich the Kid. Following Offset’s release in December 2015, they released “Young Rich Niggas 2” in January 2016.

Migos further demonstrated their impact on popular culture with the October 2015 single “Look at My Dab.” The track is credited with helping to popularize the “dabbing” dance move, which was adopted by several public figures, including Odell Beckham Jr. and Cam Newton.

“Culture,” their second studio album, was released in January 2017, followed by “Culture II” in January 2018, solidifying their success. The group also became known for collaborations with prominent artists, including “Bad and Boujee” (2016) featuring Lil Uzi Vert, “MotorSport” (2017) with Cardi B and Nicki Minaj, and “Stir Fry” (2017) produced by Pharrell Williams. They collaborated with a variety of producers, including Metro Boomin, Dun Deal, Murda Beatz, Travis Scott, and Zaytoven. Additionally, they were featured on pop singer Katy Perry’s song “Bon Appétit” in April 2017.

(Photo by Tyler Kaufman/Getty Images for Pepsi)

Beyond the Trio: The Solo Careers of Quavo, Takeoff, and Offset

While Migos achieved significant success as a group, each member also established a thriving solo career. Quavo, Takeoff, and Offset released solo albums, showcasing their individual talents and diversifying their artistic portfolios. Quavo released his album “Quavo Huncho” in October 2018; Takeoff released “The Last Rocket” in November 2018; and Offset released “Father of 4” in February 2019. These individual projects added another dimension to their careers and allowed each member to explore their unique artistic visions.

Show Me the Money: Migos’ Revenue Streams and Financial Highlights

Migos’ financial success can be attributed to a variety of revenue streams, including music sales, streaming, touring, and endorsements. In September 2015, they left 300 Entertainment, feeling Quality Control Music could better manage them and increase their revenue. They saw their per-show earnings increase, from approximately $30,000-$40,000 under 300 Entertainment to over $60,000 under Quality Control. The group’s touring revenue was substantial, with Forbes reporting that the trio grossed upwards of $150,000 per tour stop. In September 2016, Kanye West announced a management deal with Migos through his GOOD Music imprint, but the group stated in January 2017 that they weren’t affiliated with West’s label. They also earned significant income through streaming, with 4 billion streams between September 2017 and September 2018.

Between September 2017 and September 2018, Migos earned a combined $25 million, a figure largely driven by their rigorous touring schedule, which included 93 shows during that 12-month period. Additionally, Migos generated substantial revenue from endorsements, partnering with brands like Avianne Jewelers, Beats By Dre, and Champs Sports. They also collaborated with Can-Am Motorcycles, launching the 2019 Can-Am Ryker three-wheel motorcycle. Their marketing presence extended into television commercial campaigns for Mountain Dew and Finish Line.

The Migos Legacy: Influence and Impact on Hip-Hop

Migos’ influence on hip-hop is undeniable. Their innovative use of ad-libs, unique flows, and catchy hooks defined the sound of a generation. Their impact goes beyond music, influencing fashion, dance, and popular culture. While the group’s future remains uncertain following the tragic loss of Takeoff, their impact on the music industry is undeniable, and their legacy will undoubtedly endure. They helped shape the landscape of contemporary hip-hop and continue to inspire artists and fans alike.