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How Travis Scott Achieved a Net Worth of $65 Million

Travis Scott

Jacques Bermon Webster II, also known as Travis Scott, is an American rapper, singer, songwriter, and record producer. He has an estimated net worth of $65 million. The artist has several sources of income, which contribute to his worth. These include music royalties, partnerships with several brands, and a line of merchandise. Travis takes home over half a million dollars every month.

Music is his primary source of income. He has over 38 million monthly listeners on Spotify, making about $7 million yearly from this streaming platform alone. He also makes money from other music platforms like Amazon Music and Apple music. His song, Sicko Mode, has got to be his biggest hit, with over a billion streams.

Music tours also contribute significantly to his wealth. For instance, his “Astroworld” tour in 2019 garnered about $53.5 million. That made him one of the best-paid rappers in the world.

He also earns trademark royalties. He trademarked the brand Astroworld in 2018. He also trademarked the phrases “Look Mom I Can Fly,” “Wish You Were Here,” and “No Bystanders.” Here is more about Travis Scott net worth.

Travis Scott Is a Seasoned Businessman

Besides making money off his music, he also does business with several brands—deals that have made him quite a fortune. One of his most popular partnerships is the one he has with Nike. Their relationship started back in 2017. He is estimated to make $10 million per year from this deal.

Besides Nike, Travis also partnered with McDonald’s—hence the Travis Scott celebrity happy meal. He scooped about $5 million from the endorsement deal and $15 million more in merchandise sales.

Which Assets Does Travis Scott Own?

Travis Scott has quite a number of assets under his name, including real estate and cars. The rapper bought a house for $414 million in Houston in 2019. He also has another home in Brentwood Hills in L.A, which he paid $23.5 million for. Additionally, he co-owns a house with his ex-girlfriend Kylie Jenner. This house is worth about $13.5 million. He also bought the property next to his Brentwood house in 2021, where he had to part with $6 million.

Besides real estate, Travis is also big on luxury cars. Some of the vehicles he owns include a Lamborghini, Porsche Cayenne, Lexus GX, Bentley Continental, and a couple more.

Did the Lawsuit Impact Travis Scott Net Worth?

Throughout his career, Travis has had a couple of incidents in his live performances. In 2015, he was arrested on the grounds of disorderly conduct at Lollapalooza. Another incident happened later that year at a concert in Switzerland. There was also another incident at the Astroworld Festival, which led to 10 people losing their lives and hundreds injured.

The Astroworld tragedy led to 732 claims that required extensive medical treatment and 1,649 which required less extensive medical treatment. There were also other claims for injuries. All these lawsuits combined totaled up to $750 million. However, that is not a conclusive figure. His net worth has not gone down amidst all the legal battles.

Who Is Richer Between Travis Scott and Kylie Jenner?

As you’ve read, Travis Scott has a high net worth. However, it is significantly lower than that of his ex-girlfriend, Kylie Jenner. According to Forbes, Kylie Jenner is a self-made woman with a net worth of $600 million.

Is Travis Scott the Richest Rapper in the World?

Although Travis has quite a fortune to his name, he is far from being the wealthiest rapper in the world. The spot is currently held by Jay-Z, who has a net worth of $1.5 billion.

Is Travis Scott a Philanthropist?

Travis Scott has a multi-tier philanthropy and investment program dubbed Project HEAL through his Cactus Jack Foundation. The program pledged to provide $5 million for community-based initiatives in his home state of Texas. Travis pledged $1 million in scholarships for students at Historically Black Colleges and Universities in another program. Some recipients of this scholarship included students from Howard University, Texas Southern University, and his grandfather’s alma mater, Prairie View A&M University.

Besides, the HEAL program addresses mental health. It pledged seven figures to fund digital counseling and telephone hotlines. This effort partners with professional counselors and social workers and is led by a behavioral health expert, Dr. Janice Beal.

He is also a part of the CACTUS Youth Design Center at TXRX Labs in Houston. It is a nonprofit market space for young artists, designers, and tech innovators.

Does Travis Scott Own a Private Jet?

Yes, Travis Scott bought a private jet in 2020. According to Reality Tidbit, the plane was a $72 million purchase. The rapper registered it as Cactus Jack Airlines.

Was Travis Scott Born Rich?

Travis Scott came from humble beginnings. He spent the first six years as a child in a low-income area in Texas with his grandmother. Notably, he had a love for music from that tender age. Some may say it runs in the family since his grandfather was a jazz composer and his father a drummer. His dad taught him to play drums and even bought him recording equipment.

Although his family wasn’t wealthy, he attended a private school for elementary school and middle school. His encounter with rich schoolmates gave him a new perspective on life and grew his desire to lead a luxurious lifestyle. It is safe to say that his dream came true.

However, he would sometimes skip class to work on his music. His parents were not too happy about it, and it would lead to conflict and disagreement. He even dropped out of college at the age of 19 without informing his parents. When they learned his not-so-little secret, they cut off all financial support. That’s how he ended up being homeless and broke. T.I. heard one of Travis’s songs and reached out, and that’s how he got signed to the Grand Hustle record label. He later found himself homeless again; this time, Kanye West reached out. He signed up with Kanye’s record label and finally built a world of luxury for himself.

How Did Travis Scott Build His Empire?

Travis built his empire through music. He released his first album, “Owl Pharaoh,” in 2013. Before the release, he had to clear up some copyright issues with samples in the album. It was a massive success for Travis. His first trip on this plane was to Nassau in the Bahamas for his 29th birthday.

He continued performing and landed a gig the following year at the South by Southwest music festival in 2014. Later that year, he released his second album, “Day Before Rodeo,” a project that cemented his place in the industry. This album led to him signing up with Grand Hustle and Epic Records, during which he released his first studio album, “Rodeo.” In this album, he collaborated with famous artists like Kanye West, Quavo, Justin Bieber, and The Weeknd. It was also a huge success.

Throughout his career, he has won several accolades. For instance, he won the “Top Streaming Song” award in 2019 at the Billboard Music Awards. This was also the year he released his Netflix documentary, “Look Mom I Can Fly.” Although he won no award, Travis received several nominations at the 2018 and 2019 Grammys.

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Garrett Parker

Written by Garrett Parker

Garrett by trade is a personal finance freelance writer and journalist. With over 10 years experience he's covered businesses, CEOs, and investments. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world.

Read more posts by Garrett Parker

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