The Weeknd Net Worth (Money & Salary)

What is The Weeknd’s Net Worth?

A Canadian recording artist and record producer known as The Weeknd has a net worth estimated at $300 million. Emerging from YouTube, The Weeknd has become a prominent figure in the Hip-Hop/Rap/R&B genres, distinguished by his unique musical style. In the United States alone, he has sold over 70 million records and garnered multiple awards, including several Grammys. In addition to his music career, The Weeknd has ventured into various entrepreneurial activities, collaborating with numerous brands and establishing his personal brand “XO.”

Currently, The Weeknd ranks among the highest-paid entertainers globally. When he tours, his annual earnings can reach as much as $90 million before tax deductions.

Real Estate

In December 2019, The Weeknd acquired a penthouse in Los Angeles, which overlooks the Beverly Hills Country Club, for $21 million, with a monthly HOA fee of $6,800. Prior to settling in LA, he rented a triplex penthouse in New York City that had a monthly rental cost of $60,000. In January 2022, he put this New York penthouse on the market for $22.5 million but subsequently sold it in August 2023 for $19 million.

Previously, The Weeknd owned a three-acre estate in Hidden Hills, California, purchased for $18 million in June 2017. The estate boasts over 13,000 square feet, featuring nine bedrooms, 11 bathrooms, and a 1,200-square-foot guest house. In June 2020, he listed this property for sale at $25 million, eventually selling it to Madonna for $20 million in April 2021. Madonna later sold it in June 2023 for $23 million, after initially listing it for $26 million. Here is a video tour of this home:

In August 2021, The Weeknd purchased a mansion for $70 million located in Bel Air, Los Angeles. The house spans 33,000 square feet and was acquired through an off-market transaction, situated on 1.6 acres with views of the Bel-Air Country Club. This luxurious property features an indoor pool, sports court, movie theater, gym, music studio, and an outdoor pool.

Early Life

Abel Makkonen Tesfaye, known professionally as The Weeknd, was born on February 16, 1990. Growing up in Toronto, Ontario, he was raised by his mother and grandmother following his parents’ separation. With Ethiopian heritage, The Weeknd’s parents emigrated to Canada in the late 1980s. His father was largely absent during his childhood, with the two connecting only a handful of times. Religion played a significant role in Tesfaye’s upbringing, as he attended the Ethiopian Orthodox Church regularly. Despite his religious background, Abel Tesfaye…

drugs for the first time at the age of 11. What began as a simple marijuana smoking habit evolved into a dependence on more potent substances, with Tesfaye asserting that he resorted to criminal activities to support his addiction. Despite having attended high school, he did not complete his education and dropped out prior to his final year.

Early Career

Tesfaye revealed that his stage name originated from leaving both high school and his family’s home “one weekend and never coming back.”

Years after dropping out, he encountered a producer named Jeremy Rose. Rose had been contemplating the concept of “dark R&B” and perceived Tesfaye as the ideal figurehead to spearhead this new direction. He produced several tracks featuring Tesfaye rapping. During this period, the artist utilized aliases like “Kin Kane” and “The Noise.” Rose allowed Tesfaye to use the songs on the stipulation that he would receive production credits. Tesfaye subsequently uploaded these tracks to YouTube, rapidly accumulating a significant fanbase, which even caught the eye of Drake.

The Weeknd’s initial significant release was a mixtape titled House of Balloons. This mixtape comprised tracks that involved various producers, including Jeremy Rose, although the latter was not credited, consistent with their earlier agreement. The mixtape became a tremendous hit, and once again, Drake expressed his admiration for the artist. Additionally, Drake attended The Weeknd’s inaugural concerts and later proposed a collaborative effort. The two Canadian musicians then embarked on a tour together, with The Weeknd typically serving as the opening act for Drake. Following the release of two more mixtapes by The Weeknd, he was approached by multiple major record labels eager to sign him.

Breakthrough

In 2012, after touring the United States and Europe, The Weeknd entered a joint venture with Republic Records, which also facilitated the establishment of his own imprint, XO. XO serves as The Weeknd’s personal record label under the umbrella of Republic Records. This partnership led to the release of Trilogy, a compilation of his initial three mixtapes. At last, Jeremy Rose received credit for the tracks he had produced. The album achieved significant commercial success, reaching number four on the U.S. Billboard 200 chart.

A year later, his first studio album, Kiss Land, was released. Featuring Drake on several tracks, the album debuted at number two on the U.S. Billboard Top 200. The following years witnessed The Weeknd collaborating with prominent artists like Justin Timberlake and Ariana Grande while also engaging in extensive tours.

The Weeknd’s second studio album, Beauty Behind the Madness, released in 2015, sold 412,000 units during its first week and ascended to the top position on the U.S. Billboard 200 chart. The album would eventually achieve platinum status, with global sales of 1.5 million copies. Soon after, The Weeknd made history as the first male artist to simultaneously occupy the top three positions on the Billboard Hot R&B Chart with three singles that ultimately went platinum.

In 2016, The Weeknd releaseddisorder (ADD) and it has influenced his creative process. He has openly discussed how this condition impacts his focus and work habits.

Recent Works

His subsequent album, Starboy, featured collaborations with the renowned French electronica group Daft Punk. After a period of touring and working with various artists, The Weeknd unveiled My Dear Melancholy in 2018. Notably, in 2017, he set a Guinness World Record for being the Most Streamed Album on Spotify in One Year.

In 2018, he released his compilation album, The Weeknd in Japan, marking his first greatest hits collection. Then, in 2020, he announced his upcoming album titled After Hours, which was followed by the release of Dawn FM in 2022.

Earnings

From June 2017 to June 2018, he amassed an impressive $90 million. During the subsequent period of June 2018 to June 2019, The Weeknd continued to thrive, earning $40 million through various ventures.

Musical Style

While primarily a singer, The Weeknd often finds himself associated with rap and hip-hop genres. His musical influences include iconic figures like Michael Jackson and Prince. His lyrics confront profound emotional subjects, blending elements from indie and electronic genres with R&B.

Business Ventures

The Weeknd has ventured into partnerships with condom brands, e-cigarette producers, and Marvel. Furthermore, he is prominently recognized as one of the ambassadors for Apple Music and has represented Puma. Fashion also plays a significant role in his life, as he markets his own “XO” merchandise, and he collaborates with brands like A Bathing Ape and designers such as Alexander Wang. Additionally, he holds shares in the esports company OverActive Media Group.

In August 2020, he teamed up with TD Bank to initiate Black HXOUSE as a sleeping partner. In March 2021, The Weeknd auctioned off a piece of visual art along with an unreleased song as an NFT on Nifty Gateway. Later, in October 2021, he became a member of the board of directors for Tom Brady’s NFT platform Autograph.

Personal Life

The Weeknd began a relationship with prominent model Bella Hadid in 2015, but they ended their romance in 2016, citing busy schedules. He briefly dated Selena Gomez in 2017, during which they cohabited before parting ways. In 2018, The Weeknd rekindled his relationship with Bella Hadid, only for them to separate once again in 2019.

In April 2023, The Weeknd disclosed that he has attention deficit disorder (ADD), which has had an impact on his creative endeavors. He has candidly shared how this condition affects his ability to focus and his work patterns.

In an interview with Interview Magazine, the disorder known as ADHD was discussed.

Throughout the years, The Weeknd has been prominent in various philanthropic efforts, including a $1 million contribution to relief initiatives in Ethiopia for those affected by the Tigray War, made in April 2021 via the United Nations World Food Programme (WFP). He also collaborated with the WFP in March 2022 to establish the XO Humanitarian Fund, donating $1 from each ticket sold during his After Hours til Dawn Tour alongside a $500,000 contribution.

In 2015, he faced arrest in Las Vegas for assaulting a police officer, leading to a sentence of 50 hours of community service.

Awards

Over his career, The Weeknd has received numerous accolades. Among these are four Grammy Awards, a Latin Grammy Award, 20 Billboard Awards, 22 Juno Awards, six American Music Awards, and two MTV Video Music Awards. Additionally, he has earned nominations for several Academy Awards and a Primetime Emmy Award.