During its peak, the hip-hop trio Migos was one of the highest-paid groups, earning around $25 million in one year. The group’s founder, Quavo, definitely used this success to expand his businesses and personal brand.
So, how much is Quavo’s net worth?
In this article, you’ll get a sneak peek into his salaries and businesses, as well as the extravagant expenses he makes!
What Is Quavo’s Net Worth?
As of 2024, artist and producer Quavo has a net worth of $28 million. He, along with his group mates, had a combined net worth of $80 million, ranking number 28 in Celebrity Net Worth’s list of the richest rappers.
Most of Quavo’s net worth came from his salary as an artist. According to Forbes, the hip-hop group Migos earned $150,000 per stop during one of its tours.
View this post on Instagram
However, tragedy struck in 2022. One of Migos’ members was fatally shot at a private event, indefinitely putting a stop to the group’s performances.
Money Matters: All About Quavo’s Assets
Despite the end of Migos as a group, Quavo continues to raise his net worth through other means. Let’s take a look at the Grammy-nominated artist’s businesses and assets.
Quavo’s Businesses
One of Quavo’s first business ventures was a record label he launched in 2020. Huncho Records, as it’s called, manages artists like Streetbud, 904 ReeBock, and Brooklyn’s Pop Out Boyz.
Image source: Pinterest
Quavo partnered with brands, producing a limited edition drink with Martell Cognac.
Moreover, he further diversified his income by becoming a restaurateur. Most recently, Quavo opened the V12 Restaurant and Sports Bar in Atlanta!
Quavo’s Properties
It seems that Quavo’s businesses aren’t his only investments. In 2022 alone, he spent over $2.58 million buying up properties in Georgia.
However, his most fun purchase, in my opinion, was the original house where Migos first recorded the song Versace in Atlanta.
Image source: Google
According to Quavo, the house had sentimental value, and he wanted to renovate it and make his mother the landlord!
Quavo’s Cars
Quavo has always been a fan of luxury items, and his cars reflect that. The rapper often customizes his vehicles to make them one of a kind.
He owns a red Tesla worth over $150,000 and a Rolls Royce worth $400,000. Additionally, he customized his McLaren with an interior roof, costing him around $350,000.
Overall, Quavo has spent $2.5 million on his cars alone!
Quavo’s Other Expenses
Aside from houses and cars, Quavo spends a good chunk of his money on lavish gifts for his girlfriends. Before their messy breakup, Quavo gave his ex-girlfriend, Saweetie, a custom Bentley.
Image source: Google
Quavo’s rumored new girlfriend, Erica Fontaine, also posted photos implying that Quavo had given her luxury bags and watches.
Not only that, even Quavo’s assistant receives substantial money from the rapper. According to Quavo, his assistant earns $5,000 daily and is a millionaire in his own right!
Quavo’s Bail Bonds
Unfortunately, Quavo is far from perfect. He has been arrested several times, costing him thousands of dollars on bail.
In 2015, Quavo had to pay $10,000 after he was arrested for possessing guns and substances.
Even crazier is in 2024, a judge ordered Quavo to pay $682,000 to a hotel employee he slapped back in 2018!
Where Is Quavo Now?
Following the death of fellow Migos member Takeoff, Quavo has become vocal against guns and violence.
That said, the rapper was yet again detained by police in 2023 after he allegedly held his yacht’s captain at gunpoint.
Image source: Google
Quavo also sparked rumors in 2024 about secretly having a child with Erica Fontaine. That’s because, in one of the videos he posted, a baby was crying in the background.
One thing’s for sure. We only see the tip of the iceberg when it comes to Quavo’s personal life and finances!
Conclusion
There’s no doubt that Quevo is a talented rapper and producer, making it possible for him to earn his $28 million net worth. Still, his success is marred by several run-ins with the law.
Quavo’s story teaches us that wealth and fame come with responsibilities. Our choices will always have consequences, no matter our net worth.
Featured image source: Instagram
