Net Worth: $25 Million
Machine Gun Kelly’s net worth of $25 million has been largely earned from his career as a rapper and pop-punk singer. Kelly released his first debut studio album, “Lace Up,” on October 9, 2012, and the album shot to number four on the US Billboard 200 chart.
Over the past 11 years, Kelly has continued to sell millions of albums, has played to sold-out crowds on tour, and has even managed to get into a major public beef with rapper Eminem.
Let’s take a close look at Machine Gun Kelly’s net worth by examining his quick rise to fame and how he’s managed to capitalize on that fame to skyrocket his personal wealth.
Machine Gun Kelly’s Tours Earn Him Millions
benhoudijk / Depositphotos.comWhile Machine Gun Kelly’s albums have sold millions of combined copies, it’s his work as a touring artist that has earned him much of his wealth.
According to TheThings, the “Mainstream Sellout” tour with MKG, Travis Barker, and Avril Lavigne brought in $33,680,513 when it hit the road for 52 shows from June to October 2022. That’s a total of $647,702 per show.
Obviously, Machine Gun Kelly’s net worth only benefitted from a portion of that tours revenue but he’s been on the road many other times.
In July 2022, @TouringData on Twitter announced that Machine Gun Kelly’s Madison Square Garden concert earned him his biggest payday for a single show. The show was part of the Mainstream Sellout tour and earned $1.340 million from 13.3K tickets sold at Madison Square Garden in New York City on June 28.
Twitter
If we assume an equal split among the tour’s three main artists, it’s likely they each earned millions of dollars for their combined 52 shows.
His Albums Have Sold Millions Of Copies
imagepressagency / Depositphotos.comMachine Gun Kelly was selling mixtapes for years before his album Lace Up became a hit. He then released several more albums including General Admission, Bloom, Hote Diablo, and Tickets to My Downfall) and his most recent album Mainstream Sellout which dropped in March 2022.
According to the Recording Industry Association of America, Kelly sold 16.5 million certified singles by February 2023.
According to BestSellingAlbum.org (December 4, 2023) “Machine Gun Kelly has sold over 2,866,754 albums, including 2,500,000 in the United States and 220,000 in the United Kingdom. The best-selling album by Machine Gun Kelly is Tichets To My Downfall TICKETS TO MY DOWNFALL, which sold over 1,205,000 copies.”
If we assume a modest 10% royalty payment per single and album sold, it’s likely that Machine Gun Kelly has earned at least $2 million to $3 million of his net worth from album and single sales.
Machine Gun Kelly’s Net Worth Has Grown A Lot From Streaming
MKG is among the top streaming artists on Spotify, where he has received more than 9 billion streams, most of which have featured Machine Gun Kelly as the lead singer.
KworbIn July 2023, the New York Post estimated that one billion streams on Spotify pay between $3 million and $5 million on average. Conservatively we can estimate that Machine Gun Kelly’s net worth increased substantially with his song’s earnings between $25 and $50 million from his Spotify success.
Remember that money is the total revenue earned, and it’s likely MKG only took home his portion of royalties on those streams.
Machine Gun Kelly may have added millions more thanks to his tracks also appearing on Apple Music, Tidal, Pandora, and other streaming services.
Machine Gun Kelly Has Endorsements And His Own Merch Line
hurricanehank / Depositphotos.comMachine Gun Kelly crossed over from rap to pop punk, and along the way, he has aligned himself with brands that feature demographics in both genres of music.
Among his product endorsements are Reebok and Young & Reckless. With Reebok, the singer has promoted the Club C sneaker.
Machine Gun Kelly has also improved his own net worth by launching his own merchandise lineup that includes everything from sports bras and hats to mugs and pajamas. All of the merch features at least a splash of MKG’s favorite color, pink.
There are no public reports of how much MKG has earned for his product endorsements, but typically, repping a line of Reebok shoes will pay at least $1 million.
Machine Gun Kelly’s net worth is impressive in 2023, and with a handful of successful albums, his very public dating life with fiance Megan Fox, and an active concert touring life, we suspect MKG’s growth will keep on growing in the near future.
