Lizzo’s Net Worth Forbes: How Much Money Does The Singer Make and Why Is She Rich?

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Musician Lizzo has accumulated an impressive net worth over the years which makes her a multi-millionaire. But how did she get rich?

Rapper, musician, songwriter, and flutist Melissa Jefferson, better known as Lizzo, keeps surprising fans. From her brand-new shapewear line Yitty to her recent double-duty performance as host and musical guest on SNL, she proves time and time again that her talents are numerous and versatile.

With Lizzo involved in so many big plans, fans might be curious to know what her net worth is. So, what is Lizzo’s net worth? Here’s what we know.

Profile Summary

Celebrated Name:Lizzo
Net Worth:$12 million
Profession:Rapper, musician, songwriter, flutist, actress
Business:Shapewear line company called Yitty
Full Real Name:Melissa Viviane Jefferson
Date of Birth: April 27, 1988
Birthplace:Detroit, Michigan, U.S.
Parents:Father: Michael Jefferson
Mother: Shari Johnson-Jefferson
Education: Alief Elsik High School (graduated in 2006), University of Houston (dropped out following the death of her father)
Lizzo performs.

How rich is Lizzo?

Melissa Jefferson, better known by her stage name Lizzo, is a successful musician and a businesswoman.

Although Lizzo was born in Detroit, her family moved to Houston when she was ten. It was there she began her musical training and received flute lessons from music teacher Claudia Momen through high school graduation. At the age of 14, she began rapping and formed a musical group called Cornrow Clique.

She became interested in music at the young age of 10. By 14, she was rapping and gave herself the stage name Lizzo, a combination of a childhood nickname and Jay-Z’s song “Izzo (H.O.V.A.).”

Per The Cut, Lizzo revealed it was during her teenage years when she acquired the nickname Lizzo, a variation of the nickname “Lissa” and Jay-Z’s song “Izzo (H.O.V.A.).” After graduating from high school, she studied classical music at the University of Houston, with a focus on the flute.

Lizzo performs.

Shortly after graduating college, Lizzo’s father passed away, and she lived out of her car in pursuit of a career in the music industry. However, after moving to Minneapolis in 2011, she released her debut album, “Lizzobangers,” in 2013. She later performed as the opening act for Har Mar Superstar in the U.S. and U.K. and began work on her second album, “Big Grrrl Small World,” in 2014.

Lizzo’s fourth studio album, “Special,” came out in July 2022, and it earned critical acclaim upon its release. The single “About Damn Time” reached No. 1 on the Billboard Hot 100 chart, and it won “Record of the Year” at the 65th Annual Grammy Awards.

Lizzo performs.

Upon the release of “Big Grrrl Small World,” Lizzo had not yet reached commercial success and later signed with Atlantic Records to produce her EP “Coconut Oil” in 2016. “Good As Hell,” the lead single from the EP, was a departure from her typical hip-hop album sound and received positive reviews from critics.

In 2019, Lizzo struck gold with the lead single from her third album, ‘Cause I Love You, titled “Juice.” Shortly after “Juice” hit the radio, a TikTok meme inspired her 2017 single “Truth Hurts” to rise in popularity. The song was later added to the deluxe edition of “‘Cause I Love You.” The release of Lizzo’s third studio album skyrocketed her career and led to her winning several MTV Video Music Awards and other accolades.

Lizzo performs.

What is Lizzo’s net worth?

From her long years in the entertainmenet industry, Lizzo has accumulated an estimated net worth of $40 million and earns a sizable salary, per celebritynetworth. She accrued her fortune from her primary career as a musician through songs and album releases, concerts, endorsements, shapewear, and more.

Lizzo has other multiple streams of income making her rich. Truly, Lizzo’s net worth shouldn’t be a surprise when you consider her swift rise to fame.

As an entrepreneur, Lizzo launched her new shapewear line Yitty via Fabletics in March 2022. The line is titled after a childhood nickname of hers.

In August 2020, Lizzo signed a deal with Amazon Studios to develop new projects with them. The first of her new projects was an unscripted reality TV competition called Watch Out for the Big Grrrls. The show was released on March 24, 2022.

A little of her fortune comes from her acting career. As an actor, Lizzo made her debut voicing the character of Lydia in the 2019 animated musical comedy “UglyDolls.” Later in the year, she appeared in-person in the crime dramedy “Hustlers,” playing a stripper named Liz. She acted alongside stars Jennifer Lopez, Constance Wu, Julia Stiles, Keke Palmer, Mercedes Ruehl, and fellow rapper Cardi B.

Lizzo has an impressive real estate portfolio. In October 2022, Lizzo paid $15 million for a mansion located in a Beverly Hills gated community. Lizzo’s mansion was built in 2019. Prior to 2019, the property featured a home that belonged to Harry Styles from 2014 to 2016. Harry bought the former home for $4 million in February 2014 and sold it in June 2016 for $3.175 million.

Lizzo’s net worth is steadily growing as she continues to release projects both previously and up-and-coming.