Migos is a hip-hop group from Lawrenceville, Georgia. The group originally included three members. They are Quavo, Takeoff, and Offset. Their management is handled by Coach K. The net worth of the hip-hop group Migos is estimated to be $80 million. The group has gained fame and success since its formation in 2008. Continue reading to learn more about Migos Group’s net worth.
Background of Migos
The group includes three members. Offset and Takeoff grew up in Lawrenceville. Meanwhile, Quavo is from nearby Athens, Georgia. Coach K handles their management. Moreover, he has worked with artists such as Gucci Mane and Jeezy.
Net Worth Breakdown
Their total net worth is $80 million. This is divided between the three members. Each member’s net worth is estimated to be $26.6 million. Also, this wealth comes from their music career. It also includes tours, and other business ventures.
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Music Careers and Albums
Migos released their first album. It is titled “Yung Rich Nation”. The album was released in July 2015. Also, Quality Control Music and 300 Entertainment released it. Along with this, “Culture” is their second album. This came out in January 2017. It debuted at number one on the US Billboard 200 chart. This album helped them receive widespread recognition.
They followed it up with “Culture II”. This was in January 2018. Thus, it also reached number one. The third album is Culture III. It was released in 2021. They are recognized for their influence of trap music and pop culture in the 2010s.
Migos Group Sources of Income
The group has their income contribution from varied sources. Some of these are listed below.
1. Tours
The group has made a significant amount of money from touring. Forbes reports that they used to earn over $150,000 at each concert. Moreover, they made around $25 million from touring between September 2017 and September 2018. They performed 93 shows during that time. Also, they gained 4 billion streams. This made them one of the most popular streaming acts.
2. Endorsements
Moreover, they also earn their income through endorsements. The group has worked with several brands. These include Champs Sports, Beats by Dr. Dre, and Avianne Jewelers. Also, they collaborated with Can-Am Motorcycles in 2019. This was to unveil the Can-Am Ryker. It is a three-wheel motorcycle. They have also appeared in ads. These are for Finish Line and Mountain Dew.
3. Real Estate Assets
The different members have owned several properties. Offset has purchased multiple mansions. He and his wife, Cardi B, bought a luxurious mansion in Atlanta. This was for $5.2 million in the year 2019. This breathtaking home covers 22,500 square feet. It includes five bedrooms and a wine cellar. Moreover, it includes an infinity pool.
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Quavo is also a real estate investor. He spent over $2.5 million on three homes in Georgia. His first purchase was a 6-bedroom. It is a 6.5-bath house in Alpharetta, Georgia. It was bought for about $1.885 million. Also, the house includes a wine cellar, a fitness room, and a pool with a waterfall. Quavo and Takeoff once bought a mansion. This was for Quavo’s mother as a Christmas gift. This shows their commitment to their families.
Expenditures
The group has also spent a large amount on several things. The members have a large collection of luxury cars. These are over $5 million. Their collection includes high-end vehicles. Some of these are Lamborghinis and Teslas. Moreover, each member has unique tastes in cars. For instance, Offset owns a Ferrari 812 Superfast. This is valued at $350,000. Also, Takeoff drives an Aston Martin Vanquish. This costs around $400,000. Meanwhile, Quavo owns a McLaren 720s. This is known as the fastest McLaren. The car is valued at $350,000.
