How Will Recent Controversies Impact Travis Scott's Net Worth?
Highlights
- The Astroworld tragedy led to multiple court cases against Travis Scott, with greater than One hundred forty already filed.
- Scott's net worth is estimated at $80 million, however he might face challenges in last future multi-million greenback endorsement deals due to the incident. Nike, Fortnite, and McDonald's have already distanced themselves from him.
- Travis Scott's reputation soared after courting Kylie Jenner, but their dating ended and they've moved directly to other partners.
In recent years, Travis Scott has been the topic of many gossip headlines. Of route, there’s been a large number of attention round his music as neatly, given that the rapper has 9 Grammy nominations so far. Unfortunately, Scott has yet to win one.
Undeniably, however, Travis Scott’s popularity soared after he turned into romantically related with truth star Kylie Jenner in 2017.
Scott and Jenner changed into parents, welcoming daughter Stormi in 2018. They went directly to welcome their son, Aire, in 2022. Since that time although, the two have broken up and moved on to different partners. Timothee Chalamet for Jenner and SZA was the ultimate person that Scott used to be linked to.
During the time that Jenner and Scott have been in combination, then again, tragedy struck. Fans were enraged after Scott’s Astroworld Festival unexpectedly became a mass casualty event.
Following the tragedy, many have additionally demanded that Scott be held accountable. But how has the notoriety impacted his net worth?
Updated November 2023: Travis Scott's lawsuits are slowly beginning to be settled. While it's presumed that many of them will be settled without any fanfare within the information, to this point, three have made the press. All are for individuals who passed on to the great beyond at the tournament and their circle of relatives filed a civil lawsuit on their behalf. The terms of the settlements aren't being disclosed, and there is a gag order on households with the ability to speak about the rest with the click. As such, it is extremely likely that the actual terms of settlement sufferers and families receive will never be known.
How Much Is Travis Scott Being Sued For?
The incident on the Astroworld Festival is said to be one of the vital deadliest crowd-control occasions in recent years. The two-day event kicked off with a live performance that drew in an estimated 50,000 folks.
Then, without warning, a crowd surge passed off. According to ABC News, Houston Fire Chief Sam Peña stated that the crowd “began to compress towards the entrance of the degree.”
When Scott’s set started, concertgoers could reportedly be observed in “misery” lower than minutes after the show began. Nonetheless, Scott stored going, even though he did try to get lend a hand for someone “handed out” in the crowd at one point.
Later on, several more of the group were injured because the surge endured. Soon, the police decided to formally claim the festival as a mass casualty match.
Days after the Astroworld incident, the demise toll from the development had long gone as much as 10. One of the victims was nine-year-old Ezra Blount who died after being placed in a medically caused coma.
Following the deaths and the injuries, Scott has been named in a couple of complaints. One used to be introduced forth by Houston law company Brent Coon & Associates is demanding $10 billion. The firm lately represents 1,547 concertgoers.
Meanwhile, non-public injury legislation firm Thomas J. Henry Law, PLLC has filed a $2 billion lawsuit in opposition to Scott, Apple Music, and others related to the event on behalf of the sufferers.
Overall, it's believed that more than 140 proceedings have already been filed against Scott. The rapper has been trying to get the fees pushed aside.
Astroworld's Effects On Travis Scott's Net Worth
Scott’s primary profits is also coming from his song gross sales, but the rapper has also been raking in thousands and thousands from endorsement offers and partnerships over time.
For instance, Scott has a care for Nike that reportedly earns him around $10 million a year, according to Forbes. The rapper additionally has partnerships with PlayStation and Fortnite that pay him millions.
Scott also struck a take care of McDonald’s, resulting in the release of his very own Travis Scott meal. From this partnership, the rapper collects twice. There’s the normal endorsement section that reportedly can pay Scott $Five million and then, there are the products gross sales offers that earn an additional $15 million.
It’s no marvel that the rapper’s net worth is already estimated at $80 million. Following the Astroworld incident, on the other hand, it kind of feels that Scott would have a difficult time ultimate more multi-million dollar deals. In truth, it sort of feels that his future with some companions is relatively unsure this present day.
For starters, Nike has decided to put the launch of its shoe collaboration with Scott on hold in the wake of the tragedy. However, in 2023, Scott debuted his new sneaker collaboration at Cannes.
"Out of respect for everyone impacted by the tragic events at the Astroworld Festival, we are postponing the launch of the Air Max 1 x Cactus Jack,"
a spokesperson for Nike said.
Fortnite has stopped the sale of the rapper’s Out West emote on its merchandise store.
As for McDonald’s, as soon as the contract with Scott ran out in 2020, the corporation selected to not work with the rapper.
At the same time, Scott has additionally faced backlash after deciding to partner with HigherHelp following the tragedy. “Travis Scott's workforce reached out to us with an initiative to cover the cost of treatment for individuals who were impacted,” the corporate’s remark read.
“Due to the delicate nature of this tragic match, we needed to provide extra explanation on how HigherHelp’s beef up will be delivered via this initiative.” And whilst the company made it transparent that Scott wasn’t getting any money from their initiative, many slammed it as a tasteless PR transfer.
The Astroworld Festival tragedy has additionally reportedly affected Scott’s time in reality television. It is believed he was intended to make an look in the Kardashians.
Those plans, on the other hand, had been scrapped. "Cameras have been rolling for months,” one source told Radar.
"However, after the disaster at the concert, where Kylie and Kendall have been both behind the curtain, photos of Travis is being edited out of the display."
This proved to be true as at no time, did Scott appear on the show with the Kardashian clan.
How Much Travis Scott Has Paid To Date To Settle Lawsuits From Astroworld
Since the lawsuits began to come in, people have been waiting to either take Scott to court or to settle for what they believe to be a fair compensation for either suffering injuries or losing a loved one. Those lawsuits are slowly starting to be settled, with the first one being settled in October 2022.
Axel Acosta was the first victim to have the civil case settled. He was 21 years old when he attended Astroworld. He died at the event as a result of being crushed and asphyxia.
The terms of the settlement were not disclosed but LiveNation will be paying the compensation to Acosta's family.
More recently, a settlement was made for 14-year-old John Hilgert, who also passed at the event. Again, the terms of the settlement were not disclosed. However, none of the money to be paid is coming out of Scott's pocket.
Source: ABC News, Forbes, Radar, BetterHelp
ncG1vNJzZmivp6x7tbTErZ%2Bippeoe6S7zGirq5mmnsBuv8Koq61lnprBbsPOq6uhZZGowbO71qippZxdmLyvwNGorZ6qo658