The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (2024)

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Musician Travis Scott has an estimated net worth of about $39.5 million, per Forbes. His revenue comes from a combination of producing music and merch, touring, and partnering with major brands like Nike and MLB team Houston Astros. Scott grew up in Houston, Texas. He comes from a family of musicians and has been involved with music since high school. He attended the University of Texas at San Antonio for two years before dropping out to focus on his career. Scott signed with Epic Records in 2012 and released his debut album, "Rodeo", in 2015. In 2016, he released "Birds in the Trap Sing McKnight," followed by "Astroworld" in 2018. His 2019 Astroworld tour grossed $53.5 million. Much of Scott's income comes from his collaborations with major brands. In September 2020, he announced a month-long partnership with McDonald's. The collaboration includes Scott's new McDonald's-inspired merchandise under his label, Cactus Jack, custom t-shirts for employees, the $6 Travis Scott meal, and a new advertisem*nt featuring Scott and his version of the fast-food chain's signature jingle. While Scott's deal is the fast-food chain's first celebrity meal deal since Michael Jordan's 1992 McJordan burger, it's certainly not Scott's first partnership. Scott has made deals with brands across fashion, food, and entertainment. More than 27 million players participated in the event across three days, which boosted Scott's Cactus Jack merch sales, per Forbes. In 2019, the rapper partnered up with General Mills to design a box of Reese's Puffs, USA Today reported. The $50 limited edition boxes sold out in 30 seconds, according to the company. Scott collaborated with minimalist fashion brand Helmut Lang in January 2017 to design clothing. This capsule collection contains 19 pieces, including shirts, shoes, denim, and jackets ranging from $175 to $1,715. Scott is also known for his many collaborations with Nike since 2017. He has redesigned iconic Nike styles like the Air Force 1, the Jordan 6, and the Dunk. In 2019, Scott collaborated with his hometown team, the Houston Astros, to design a limited edition baseball cap. The producer and performer has been nominated for seven Grammy's since 2013. In 2018, Scott's "Astroworld" sold 270,000 copies and 349 million streams. Two years earlier, "Birds in the Trap Sing McKnight" sold 88,000 copies during its debut week. In 2019, Scott received backlash for performing at the Super Bowl following Colin Kaepernick's NFL protests. In partnership with the NFL, Scott donated $500,000 to Dream Corps, a nonprofit organization, and other initiatives. Scott spends a significant chunk of his fortune on real estate. He purchased a $23.5 million mansion in Los Angeles' Brentwood neighborhood, Variety reported in June 2020. In 2016, he bought a house for his parents in Houston.

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Joey Hadden

2020-09-15T20:14:36Z

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (1)

  • Travis Scott is a singer, lyricist, and producer who collaborates with brands across food, fashion, and entertainment.
  • Scott collaborated with McDonald's in September 2020 to make the Travis Scott meal.
  • The deal also included Cactus Jack shirts for employees, McDonald's-themed merch, and a commercial starring the rapper. Cactus Jack is Scott's record label.
  • The hip-hop artist's partnership with McDonald's is just the latest example of his ability to combine music, fashion, and well-known brands.
  • Take a look inside how Scott made his $40 million fortune, from collaborating on clothing lines to hosting video game concerts.
  • Visit Business Insider's homepage for more stories.

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (2)

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The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (4)

Rapper Travis Scott has many talents. He writes, produces, and performs music, with notable hits like "Sicko Mode" and "Antidote." Scott also has his own record label, Cactus Jack Records.

Beyond the music industry, Scott has designed clothes and shoes, collaborating with major brands like Nike.

In April 2020, Scott hosted a series of free virtual concerts on the popular video game Fortnite. Over 27 million fans tuned in and the three-day event led to a massive boost in Cactus Jack merch sales, Forbes reported.

Most recently, Scott partnered up with McDonald's to create the $6 Travis Scott meal — a Quarter Pounder with cheese, bacon, and lettuce, and medium fries with BBQ Sauce, and a Sprite. McDonald's released the meal on September 8 and it will be available until October 4.

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Around the same time, Scott released Cactus Jack merch inspired by McDonald's. Some items included a $250 pair of denim shorts and a $90 body pillow in the shape of the chicken nugget. Scott also stars in a commercial about the meal.

Business Insider obtained a survey of more than 700 members of McDonald's independent National Operators Association stating that many franchisees opposed the deal because of some of Scott's more explicit lyrics.

In an interview with Business Insider, McDonald's Chief Marketing Officer Morgan Flatley said that the brand collaborated with Scott to reach a younger audience.

"His ability to kind of see where culture is going and have a hand in where culture is going is really unique," Flatley said.

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Here's how Travis Scott built his brand and makes his fortune.

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Musician Travis Scott has an estimated net worth of about $39.5 million, per Forbes. His revenue comes from a combination of producing music and merch, touring, and partnering with major brands like Nike and MLB team Houston Astros.

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (5)

Sources: Forbes

Scott grew up in Houston, Texas. He comes from a family of musicians and has been involved with music since high school. He attended the University of Texas at San Antonio for two years before dropping out to focus on his career.

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (6)

Source: Rolling Stone, GQ

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Scott signed with Epic Records in 2012 and released his debut album, "Rodeo", in 2015. In 2016, he released "Birds in the Trap Sing McKnight," followed by "Astroworld" in 2018. His 2019 Astroworld tour grossed $53.5 million.

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (7)

Source: Spotify, Mic, Forbes

See Also
Meet The 44 Newcomers Joining The Forbes 400 List Of America’s Richest People

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Much of Scott's income comes from his collaborations with major brands. In September 2020, he announced a month-long partnership with McDonald's.

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (8)

Source: Forbes, Business Insider, Forbes

The collaboration includes Scott's new McDonald's-inspired merchandise under his label, Cactus Jack, custom t-shirts for employees, the $6 Travis Scott meal, and a new advertisem*nt featuring Scott and his version of the fast-food chain's signature jingle.

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (9)

Source: Business Insider

Advertisem*nt

While Scott's deal is the fast-food chain's first celebrity meal deal since Michael Jordan's 1992 McJordan burger, it's certainly not Scott's first partnership. Scott has made deals with brands across fashion, food, and entertainment.

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (10)

Source: Variety

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More than 27 million players participated in the event across three days, which boosted Scott's Cactus Jack merch sales, per Forbes.

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (11)

Source: Forbes

In 2019, the rapper partnered up with General Mills to design a box of Reese's Puffs, USA Today reported. The $50 limited edition boxes sold out in 30 seconds, according to the company.

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (12)

Source: USA Today, Reese's Puffs/Twitter

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Scott collaborated with minimalist fashion brand Helmut Lang in January 2017 to design clothing. This capsule collection contains 19 pieces, including shirts, shoes, denim, and jackets ranging from $175 to $1,715.

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (13)

Source: Vogue

Scott is also known for his many collaborations with Nike since 2017. He has redesigned iconic Nike styles like the Air Force 1, the Jordan 6, and the Dunk.

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (14)

Source: GQ, Sneakers Magazine

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In 2019, Scott collaborated with his hometown team, the Houston Astros, to design a limited edition baseball cap.

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (15)

Source: KHOU 11

The producer and performer has been nominated for seven Grammy's since 2013. In 2018, Scott's "Astroworld" sold 270,000 copies and 349 million streams. Two years earlier, "Birds in the Trap Sing McKnight" sold 88,000 copies during its debut week.

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (16)

Kevork Djansezian/Getty Images

Source: Grammy Awards, New York Times, Rolling Stone

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In 2019, Scott received backlash for performing at the Super Bowl following Colin Kaepernick's NFL protests. In partnership with the NFL, Scott donated $500,000 to Dream Corps, a nonprofit organization, and other initiatives.

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (17)

Source: Vox

Scott spends a significant chunk of his fortune on real estate. He purchased a $23.5 million mansion in Los Angeles' Brentwood neighborhood, Variety reported in June 2020. In 2016, he bought a house for his parents in Houston.

The business genius of Travis Scott: How the rapper built a nearly $40 million net worth through music and lucrative partnerships with brands like Nike and McDonald's (18)

Source: Variety, Rolling Stone, Hypebeast

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