How Much Money Has Travis Scott Lost Since Astroworld
Later a tragic incident at his Astroworld festival left viii dead and hundreds injured, rapper Travis Scott's net worth may now be facing some changes.
Scott founded Astroworld Festival in 2018, naming information technology in award of his album of the same proper noun which was released that same twelvemonth. The "Sicko Fashion" rapper, who shares girl Stormi Webster with Keeping Upwardly With the Kardashians alum Kylie Jenner, held the tertiary almanac Astroworld Festival concert on November 5, 2021. The concert ended up being a "mass prey event," with 8 people between the ages of xiv and 27 left dead and over 300 hundred others injured (including 11 who suffered cardiac arrest) following a crowd surge among the over l,000 attendees.
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Shortly afterward the incident, lawsuits began pouring in from the victims' families against Scott and his concert organizers—including one filing from the family of a 9-year-erstwhile boy who concluded up in a blackout after being trampled at the concert. So, where does this all leave Scott? Continue reading for everything we know about Travis Scott's cyberspace worth and his earnings amid the tragedy below.
What happened at the Travis Scott concert?
According to Houston Burn Main Samuel Peña, tragedy struck at Scott'due south Astroworld Festival at around 9 p.m. on November 5, 2021, when around 50,000 concertgoers began compressing toward the stage at NRG Park. "The crowd began to compress towards the front of the phase, and that caused some panic, and information technology started causing some injuries," Peña said in a printing release on Nov 6, 2021. "People began to autumn out, become unconscious, and information technology created additional panic." Police and firefighters officially went on to declare the concert a "mass casualty" event past 9:38 p.chiliad., just 32 minutes afterward Scott's set up began.
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As the crowd continued to surge, festival organizers reportedly agreed to cutting the concert short, according to the Houston Chronicle. However, the evidence went on as originally planned, with Scott completing his setlist and finishing on schedule at 10:15 p.thousand. Past the end of the nighttime, eight people—including two high school students—ended up dead, while over 300 others sustained injuries.
Scott, for his part, claimed to be completely unaware of the deaths that took place in the crowd that night. He took to Twitter following the incident to express his condolences to the affected families, writing, "I'g absolutely devastated by what took place last nighttime. My prayers go out to the families and all those impacted by what happened at Astroworld Festival. Houston PD has my total support as they continue to expect into the tragic loss of life." He connected, "I am committed to working together with the Houston customs to heal and support the families in need. Cheers to Houston PD, Burn Department and NRG Park for their firsthand response and support. Love You All."
How much does Travis Scott make from Astroworld Festival?
Since launching Astroworld Festival in 2018, Scott has earned millions from the annual concert issue. According to Forbes, Astroworld grossed a full of $53.5 one thousand thousand in 2019 alone. While the festival was canceled in 2020, it withal sold out prior to its cancelation. Initial earnings from his 2021 Astroworld festival, meanwhile, accept nevertheless to exist disclosed, but Celebrity Cyberspace Worth reports that the rapper has made around $65 one thousand thousand overall from the festival.
These earnings may dwindle, nonetheless, as sources told Variety on November 8, 2021, that Scott planned to provide full refunds to all who purchased tickets to the 3rd annual Astroworld event. Reports at the time also revealed that the Houston rapper pledged to cover the funeral costs for the eight people that died at his event, also as provide additional aid and admission to mental wellness services to those affected by the tragedy.
Concert organizer Live Nation confirmed the conclusion to offer full refunds in an additional argument at the fourth dimension: "We wanted to provide an update on the steps that Scoremore, Alive Nation and the Astroworld Fest team have been taking. Throughout the weekend, we take been working to provide local regime with everything they need from us in society to complete their investigation and get everyone the answers they are looking for," the entertainment company tweeted on November 8, 2021. "Our staff has met with local regime to provide data, and we have as well provided them with all footage from our CCTV cameras. Load out of the site and equipment is currently paused to give investigators the time they requested to walk and certificate the grounds. Full refunds are being offered for all those who purchased tickets."
Their statement continued, "And about importantly we are working on ways to support attendees, the families of victims, and staff, from providing mental wellness counseling to setting upward a health fund to help with costs for medical expenses. Our team is mounting alongside the community."
Live Nation, however, did non consequence a statement at the time on the pending lawsuits against them or Scott. According to attorney Thomas J. Henry, who began representing over 65 victims in a lawsuit confronting Scott, Live Nation, NRG stadium and guest creative person Drake, the damages could amount to "billions" following the tragedy. "More and more injured victims are contacting my business firm by the hr," Henry shared in a statement on November 10, 2021. "While we are all still working to empathise the total scope of the Astroworld tragedy, I believe the damages suffered by its victims could total in the billions." Of grade, this could have a serious impact on Scott'due south net worth, included below.
What is Travis Scott'southward net worth in 2021?
According to Glory Cyberspace Worth, Travis Scott'due south cyberspace worth in 2021 is $60 1000000, making him ane of the highest-paid rappers in the globe due to his lucrative anthology sales, touring revenue and partnership deals with brands similar McDonald's and Fortnite. His partner, Kylie Jenner, is worth a whopping $700 million by comparison, per Forbes.
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Source: https://news.yahoo.com/much-travis-scott-made-astroworld-222010779.html
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