If you’re a rap and pop music fan, chances are you’re familiar with Travis Scott’s work. Even if you’re not following the music scene, you probably know him as Kylie Jenner’s on-and-off boyfriend and the father of her two children.
Love or hate the controversial artist, there’s no denying that Travis Scott has been successful throughout his career. His lavish lifestyle, publicized relationship, and recent concert tragedy have people all over the internet wondering about his fortune.
If you, too, are curious about Travis Scott’s net worth, join me as I break down the rapper’s income streams and analyze his current financial situation.
What Is Travis Scott’s Background?
Travis Scott is the stage name of Jacques Berman Webster II, an American rapper, songwriter, singer, and record producer.
Jacques Webster II was born on the 30th of April 1991 in Houston, Texas. His love for music ran in the family, as his father, who ran his own business, was a soul musician, and his grandfather composed jazz music.
When Webster was 17, he graduated from Elkins High School, where he was a member of the musical theatre club.
Although he went on to continue his education at the UTSA (University of Texas at San Antonio), he decided to drop out in the second year to pursue a career in the music industry.
Webster created his professional name, Travis Scott, by combining his favorite uncle’s name ‘Travis’ and his biggest musical inspiration’s real name ‘Scott,’ known by the stage name Kid Cudi.
How Did Travis Scott Break Into Fortune?
Now working under the stage name Travis Scott, he released his first track in 2008 on Myspace (still remember that era?). It was a duo with his close friend Chris Holloway, who called themselves The Graduates.
In 2009, Travis formed another group called The Classmates, along with one of his school friends, O.G. Chess. They released Buddy Rich in the same year and Cruis’n USA the following year.
The Classmates broke up in 2012, coinciding with Travis Scott’s dropping out of college. He moved to New York and started working with Illroots’ owner and his friend Mike Waxx, but things wouldn’t take off as he spent his nights crashing on his friend’s floor.
After four months in New York, the lack of progress caused Travis to move to Los Angeles, hoping for better chances. He was supposed to stay with a friend but was abandoned, and even his parents refused to help financially.
Webster thought it best to move back to Houston with no money. However, his parents kicked him out of their house, so he relocated back to Los Angeles and crashed into another friend’s place.
Travis’s luck finally changes when T.I. hears his production of Lights (Love Sick). A representative of T.I. contacted Travis and asked him to join Travis at a studio for a meeting.
After being discovered by T.I., Travis Scott dropped his first mixtape in 2012 titled Owl Pharoah. The same year, he signed a recording contract with GOOD Music, Kanye West’s label.
How Much Is Travis Scott’s Net Worth?
In 2024, the net worth of Travis Scott is estimated to be around $80 million.
However, Jenner became the youngest person on Forbes’s list of 100 Richest Self-Made Women in October 2020. She is the only person on the list in her 20s, and is worth$700 million.
He reportedly makes between $30 million to $40 million a year, depending on concerts, releases, and collaborations. That’s about $2.5 million to $3.5 million per month.
How Does Travis Scott Make Money?
While most of Travis Scott’s income comes from his music career, he diversified his earnings streams to include brand deals, merch sales, and record production.
Music Record Sales and Streaming
Travis Scott has over 100 charting songs on the U.S. Billboard Hot 100 and four no.1 hits.
He has more than 49 million certified record sales in the U.S. alone. He has almost 70 million monthly listeners on Spotify, with a total of 6.14 billion streams in 2023.
The revenue from these sales and streams forms a considerable chunk of his wealth.
Brands and Partnerships
Brand deals and endorsem*nts offer a lucrative contribution to Travis Scott’s net worth.
For example, his Nike deal costs him around $10 million annually. His Fortnite collaboration also reportedly made him $20 million richer.
Tours and Concerts
Travis Scott’s performances are known for their high energy, making him a popular choice for concerts and tours. He reportedly earned around $1.4 million to $1.9 million per concert 2023 in the U.S.
Business Ventures
The 33-year-old rapper has an entrepreneurial mindset that backs up his net worth. He launched Cactus Jack Records, his record label, where he signs fresh talent and produces for existing artists.
Travis Scott also has his line of merchandise, such as clothing and Nerf guns. These sales represent an additional income stream.
Did the Astroworld Festival Tragedy Lose Travis Scott a Lot of Money?
In 2021, the crowd surge tragedy at the Astroworld Festival resulted in the injury of many people and the death of seven individuals. This incident hit Travis Scott’s reputation, and his career and bank account also suffered.
The organizers of the festival and Scott himself were faced with hundreds of lawsuits. One class action sued them for $10 billion, though Scott’s lawyers managed to settle with three families of the deceased.
These legal issues cost the artist a hefty sum, but not enough to put an irreparable dent in his fortune. However, I wouldn’t be too quick to dismiss the possibility, as multiple ongoing lawsuits may take a toll on Scott’s wealth.
Images source: Instagram
Maria L. Searle
As a mother, I’ve always taught my children to share, and I believe that the best way to teach is by example. That’s why my co-authors and I have started this blog! We believe that sharing is not only an act of love but also a desire for a better life.
