MGK Net Worth 2024

Colson Baker, better known by his stage name Machine Gun Kelly, has built a substantial fortune through music sales and tours. He’s also landed acting roles and a number of strategic endorsements.

The Cleveland native started out rapping as a way to deal with bullying, and now he’s engaged to Megan Fox and rocking a new album. He’s also feuded with Eminem and Slipknot’s Corey Taylor.

MGK Profile Summary

Category	Details
Net Worth	$25 Million
Birthdate	Apr 22, 1990 (34 years old)
Birthplace	Houston, Texas, U.S.
Gender	Male
Height	6 ft 3 in (1.92 m)
Profession	Rapper, Singer, Songwriter, Actor, Guitarist
Nationality	United States of America
Years Active	2006–present
Genres	Hip hop, Pop rap, Rap rock, Pop-punk, Alternative rock
Labels	EST 19XX, Bad Boy, Interscope
Notable Albums	Lace Up (2012), Tickets to My Downfall (2020), Mainstream Sellout (2022)
Movies	Beyond the Lights (2014), Nerve (2016), Bird Box (2018), The Dirt (2019)
Instagram	https://www.instagram.com/machinegunkelly/?hl=en
YouTube	https://www.youtube.com/@mgk/videos

How MGK Built His Wealth

MGK, born Richard Colson Baker, has made a name for himself as a rap artist and actor. He’s also built a fortune through his various business ventures, including music-themed clothing lines and a coffee shop. The entrepreneur’s net worth is estimated to be $25 million.

Originally from Cleveland, Ohio, MGK started his career by recording mix tapes. His first album, Lace Up, was released in 2012 and quickly became a hit. He was signed to Bad Boy Records and gained a large following on social media.

The musician’s energetic stage presence has made him a sought-after live performer. This generates substantial ticket sales and merchandise revenue. In addition, he has a massive following on streaming platforms like Spotify.

MGK also acts in films, with some roles earning him 7-figure paychecks. He owns a luxurious home that has seven bedrooms and nine bathrooms, as well as a custom wet bar, an oversized pool, and a sprawling backyard. The rapper’s collection of luxury cars includes a purple Aston Martin DB11 valued at $200,000 and a Lamborghini Gallardo worth nearly $562,000. He also has a variety of motorcycles.

MGK’s Top Earnings in 2024

In 2024, MGK earned the bulk of his income from music sales and streaming platforms. His singles and albums have achieved significant success in the US and other markets, earning the rapper a large following on different platforms. This, in turn, has contributed to the singer’s wealth.

The Cleveland native has also built a notable acting career, which adds to his overall earnings. His acting roles in movies like Action Point and Captive State have helped him earn 7-figure paychecks.

Despite his rough childhood, the musician has remained humble and grounded. He has worked hard to build his wealth and is expected to continue to do so in the future.

The songwriter and actor spends much of his money on luxury vehicles. He owns a lavish collection of cars including a 1979 Chevy Camaro and a Rolls-Royce Phantom that costs $562,000. He also has a $200k Aston Martin DB11 and a McLaren 720S. He recently had one of his cars stolen from his driveway in 2020, but the police were able to track down the car and return it to the rapper.

MGK’s Music & Acting Income

MGK’s music and acting careers are an integral part of his net worth. His albums and singles have enjoyed significant commercial success and are extensively popular on streaming platforms. Moreover, the rapper’s energetic stage performances attract large crowds and drive ticket sales and merchandise revenue.

He started his career with mixtapes before getting noticed by the media for his performance at Apollo Theater’s Amateur Night competition in 2012. The win brought him much-needed exposure and paved the way for him to start performing in local venues.

MGK has also carved out a respectable niche in Hollywood, making appearances in films like Beyond the Lights, Nerve, Bird Box, and Big Time Adolescence. These films, along with endorsement deals, boost his income. Moreover, MGK owns an impressive collection of cars and owns a spacious mansion that he purchased for $7.5 million from Logan Paul. This home has enough space for his family, friends, and a few pets. The mansion also features an indoor pool, a gym, and an expansive wine cellar.

MGK’s 2024 Revenue Streams

While MGK’s primary source of income is his music, he has also branched out into other areas. He has collaborated with renowned artists, landed acting roles, and even participated in a rap feud with Eminem. His various ventures have made him a household name and have contributed to his growing net worth.

One of MGK’s biggest revenue streams is his concert tours. His energetic performances attract a massive audience, resulting in significant ticket sales and merchandising. The musician’s most recent tour, Mainstream Sellout, featured 52 shows with an average crowd of 20,000 people. The total tour revenue is estimated to be $52 million, which equates to an annual earning of around $10 million.

Apart from his concerts, MGK has appeared in several films and television shows. His starring roles in Beyond the Lights, Nerve, and Bird Box have earned him a sizable paycheck. In addition, he has collaborated with various brands for endorsements and sponsored content. For instance, he was the face of Reebok’s Club C sneakers. He has also modeled for brands such as Joshua Jane and John Varvatos.

MGK’s Brand Deals

After getting his big break as a rapper, MGK started expanding his brand. He began collaborating with other artists, making brand endorsements, and even acting in films. All these efforts have boosted his popularity and income.

The MC has amassed a huge social media following with a total of 9.1 million followers on Instagram and 1.5 million on Twitter. His massive online reach makes him an attractive partner for brands that want to tap into his fanbase. This also helps in boosting his merchandise sales.

MGK’s music career is going strong with a series of successful albums, including the likes of General Admission, Bloom, Hote Diablo, and Tickets to My Downfall. He also dropped a collaboration album with Fifth Harmony alum Camila Cabello, which went platinum.

Besides a lucrative music career, MGK has made some impressive investments in real estate and cars. He once rented a mansion in Sherman Oaks, California for $30,000. In 2022, he purchased Logan Paul’s former mansion in Encino for $7.5 million. He has a luxury car collection that includes an Aston Martin DB11 and a Lamborghini Gallardo.

MGK’s 2024 Financial Success

As a singer and actor, MGK has built up his wealth through multiple ventures. His music sales, concert tours, brand endorsements, and acting gigs have all contributed to his massive financial success.

He started his career with mixtapes before breaking into the industry with the single Alice in Wonderland. This song propelled him into the spotlight and got him signed to Bad Boy Records. MGK’s career has gone from strength to strength ever since, and he continues to sell out shows around the world.

The star has also expanded into acting, and has made appearances in films like Bird Box and Nerve. His acting gigs have padded his bank account with 7-figure paychecks.

As a testament to his hard work and dedication, MGK has earned himself a lavish lifestyle. The rapper owns a luxurious mansion, and has a collection of luxury cars. One of his cars, a purple Aston Martin DB11, was stolen in 2020, but it was recovered a few days later. The rapper also has an impressive wardrobe, and has been featured in a number of fashion campaigns.

MGK’s Tours & Sales in 2024

MGK is an accomplished performer, attracting sold-out crowds wherever he goes. In addition to his music career, the artist also works on film projects. His acting roles have earned him a significant income, and his merchandising sales are adding to the rapper’s overall fortune.

Known professionally as Richard Kolson Baker, MGK grew up in a troubled household and found solace in writing rhymes. He started releasing mixtapes in his youth, building up a dedicated fan base before signing with Sean Combs’ Bad Boy Records in 2011.

In 2024, the star dropped his fourth studio album, Hotel Diablo, and began his first world tour to support it. MGK’s massive concert tours will help him boost his net worth even further in the coming years.

When buying tickets online for a Machine Gun Kelly show, fans can select the price or seating location that best suits their preferences. In addition, buyers can view additional information about the event, including any special instructions or details provided by the seller, by clicking on the “Notes” icon.

MGK’s Income Sources

MGK has an impressive income stream that is bolstered by multiple factors. The rapper’s music continues to sell well, his live performances draw massive crowds, and he has several thriving business ventures.

In addition, MGK is a talented actor who has landed starring roles in films such as Beyond the Lights, Nerve, Big Time Adolescence, and Bird Box. These acting gigs have added up to over $4 million in earnings.

The MC also has an extensive endorsement and sponsorship portfolio, including deals with Reebok and other high-profile brands. He even has his own line of merch, which boosts his annual earnings.

MGK’s cross-genre appeal and his ability to collaborate with artists from various backgrounds, similar to how Bob Saget diversified his career, have both helped them build a wide-reaching audience. Learn more about Bob Saget’s career and net worth here.

Conclusion

Colson Baker, popularly known as Machine Gun Kelly (MGK), has built a multimillion-dollar empire through his diverse career in music, acting, and brand endorsements. He started as a rapper and gradually expanded his income streams to include business ventures such as clothing lines and real estate investments. With a unique style blending rap, rock, and pop, MGK has established himself as a versatile artist and performer. His strong social media presence, sold-out concert tours, and successful acting roles have significantly contributed to his estimated $25 million net worth in 2024.

FAQs