Meghan Trainor is a singer-songwriter who has an estimated net worth of $2 million. However, the "Lips Are Movin" songstress is reportedly flat broke despite the success of her 2014 hit song, "All About That Bass," which made her a household name.

Is Meghan Trainor's net worth valued at nothing? That seemed to be the case after the 21-year-old singer made headlines in February when she told British tabloid, The Daily Star, that she was "flat broke." She also revealed that she was living off handouts from her record company.

Meghan Trainor's revelation was apparently a shocking news to all her fans and followers considering the fact that her single, "All About That Bass" has sold over 6 million copies while her new song "Lips Are Movin" just became a number one hit, Celebrity Net Worth reported.

But in reality, Meghan Trainor can't take huge shopping sprees for now since she hasn't been paid yet, The Latin Post cited. Under a usual recording contract, artists must wait nine months from when a song or album is released before they receive their cut of the profits. In Trainor's case, she will receive a very hefty check in April 2015.

"I haven't made any money yet. They say I will get a big fat check after nine months, which will be in April so I'm hoping that's right," Meghan Trainor said.

Although Meghan Trainor's net worth seems to be vague now, Celebrity Net Worth estimated the singer's fortune to be at $2 million. She gained worldwide recognition for her bestselling hit song, "All About That Bass," in 2014. Trainor started singing and songwriting at a very young age of 6 and 11 respectively.

Following the release of Meghan Trainor's first ever full-length album, "Title," it quickly ousted Taylor Swift's "1989" album in the bestselling charts. Her single, "All About That Bass," has also earned two 2015 Grammy nominations for "Record of the Year" and "Song of the Year" awards.

Meanwhile, Meghan Trainor, who reportedly has a $2 million net worth, is currently making appearances on "The Voice," as well as on her "That Bass" US Tour. According to AOL.com, she is expected to perform at the iHeartRadio Awards with Rihanna, Madonna and Snoop Dogg on March 29.