The Weeknd Net Worth (Money & Salary)

What is The Weeknd’s Net Worth?

A Canadian recording artist and record producer, The Weeknd boasts a net worth of $300 million. He emerged in the music industry via YouTube and has since become a highly recognizable 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 earned numerous accolades, including several Grammys. Beyond his music career, he has also engaged in various entrepreneurial activities, such as partnerships with different brands and establishing his own brand, “XO.”

Currently, during a touring year, The Weeknd ranks among the highest-paid entertainers globally, with earnings that can reach up to $90 million before taxes.

Real Estate

The Weeknd bought a penthouse in Los Angeles for $21 million in December 2019, featuring views of the Beverly Hills Country Club. The monthly HOA fee for this building is $6,800. Before settling in LA, he was renting a triplex penthouse in New York City at a cost of $60,000 per month, which he listed for $22.5 million in January 2022 and eventually sold for $19 million in August 2023.

Prior to this, he owned a three-acre estate in Hidden Hills, California, which he purchased for $18 million in June 2017. The residence encompasses over 13,000 square feet, comprising nine bedrooms and 11 bathrooms, along with a 1,200-square-foot guest house. He listed the property for $25 million in June 2020 and sold it to Madonna in April 2021 for $20 million. Madonna later sold it in June 2023 for $23 million after initially listing it for $26 million. Here is a video tour of the home:

In August 2021, The Weeknd acquired a mansion in Bel Air, Los Angeles, for $70 million. This expansive 33,000-square-foot dwelling was sold in an off-market deal and is situated on 1.6 acres overlooking the Bel-Air Country Club. The property includes amenities like an indoor pool, sports court, movie theater, gym, music studio, and outdoor pool.

Early Life

Abel Makkonen Tesfaye, known as The Weeknd, was born on February 16th, 1990. He spent his childhood in Toronto, Ontario, raised by his mother and grandmother following his parents’ separation. Of Ethiopian descent, his parents moved to Canada in the late ’80s. During his upbringing, Tesfaye’s father played a minimal role in his life, with the two meeting only once or twice. Religion significantly shaped his early years, as he frequently attended the Ethiopian Orthodox Church. Despite his involvement in religious activities, Abel Tesfaye…drugs at the tender age of eleven. Initially, it was a simple habit of smoking marijuana, but it eventually escalated into a dependency on more dangerous substances. Tesfaye asserts that he engaged in criminal activities to sustain his addiction. Despite being enrolled in high school, he did not complete his education and dropped out prior to his senior year.

Early Career

According to Tesfaye, his stage name stems from his decision to leave high school and his family home “one weekend and never return.”

After three years of departing from high school, he met a producer named Jeremy Rose. Rose had been conceptualizing a genre termed “dark R&B” for a while and identified Tesfaye as the ideal artist to spearhead this movement. Rose produced several tracks featuring Tesfaye, who at that time was known by aliases like “Kin Kane” and “The Noise.” He granted Tesfaye the rights to use the songs, provided he would receive credit as a producer. Subsequently, Tesfaye uploaded these tracks onto YouTube, rapidly amassing a significant fanbase, which even caught the attention of Drake.

The Weeknd’s debut major project was a mixtape titled House of Balloons. The mixtape included songs that were created with various producers, including Jeremy Rose, although he wasn’t acknowledged as per their earlier arrangement. It became immensely successful, prompting Drake to express his admiration for the artist. Furthermore, Drake attended The Weeknd’s inaugural concerts and later suggested a collaboration. The two Canadian musicians then hit the road together, with The Weeknd often serving as the opening act for Drake. Following the release of two additional mixtapes by The Weeknd, numerous major record labels approached him with offers to sign him.

Breakthrough

In 2012, after touring across the United States and Europe, The Weeknd entered into a partnership with Republic Records that also led to the establishment of his own label, XO. XO operates as a subsidiary of Republic Records. This collaboration resulted in the release of Trilogy, a compilation of The Weeknd’s initial three mixtapes, with Jeremy Rose finally receiving credit for his contributions to the songs. The album achieved significant success, debuting at number four on the U.S. Billboard 200 chart.

The following year, he released his first studio album, Kiss Land, which included collaborations with Drake on multiple tracks and debuted at number two on the U.S. Billboard Top 200. In the ensuing years, The Weeknd partnered with notable artists such as Justin Timberlake and Ariana Grande while also embarking on extensive tours.

The Weeknd’s second studio album, Beauty Behind the Madness, was launched in 2015. It sold 412,000 units in its first week and claimed the top position on the U.S. Billboard 200. The album ultimately went platinum, with global sales reaching 1.5 million copies. Shortly after, The Weeknd made history by becoming the first male artist to hold the top three spots simultaneously on the Billboard Hot R&B Chart with three singles, all of which went platinum.

In 2016, The Weeknd releasedhis upcoming album, Starboy, was released featuring the famous French electronica group Daft Punk on several tracks. Following a series of collaborations with various artists and another tour, The Weeknd unveiled My Dear Melancholy in 2018. In 2017, he made history by setting a Guinness World Record for the Most Streamed Album on Spotify within a year.

He also debuted his first greatest hits compilation, The Weeknd in Japan, in 2018. The title of his next album, After Hours, was announced by The Weeknd in 2020, and he subsequently released Dawn FM in 2022.

Earnings

During the period from June 2017 to June 2018, he amassed an impressive $90 million. The following year, from June 2018 to June 2019, The Weeknd earned $40 million from his various projects.

Musical Style

Although The Weeknd is primarily recognized as a singer, he is often categorized alongside rap and hip-hop artists. His musical inspirations include iconic figures like Michael Jackson and Prince. He addresses profound emotional themes in his lyrics, and his music fuses indie, electronic, and R&B styles.

Business Ventures

The Weeknd has partnered with various brands, including condom companies, e-cigarette manufacturers, and Marvel. He serves as one of the prominent faces of Apple Music and has acted as a brand ambassador for Puma. With a strong presence in the fashion industry, he sells merchandise branded with “XO.” Additionally, he has collaborated with notable brands such as A Bathing Ape and worked with designers, including Alexander Wang. Moreover, The Weeknd holds shares in OverActive Media Group, an esports company.

He entered into a partnership with TD Bank in August 2020 to launch Black HXOUSE as a sleeping partner. In March 2021, The Weeknd auctioned visual artwork and an unreleased song as an NFT on Nifty Gateway. Later, in October 2021, he joined Tom Brady’s NFT platform Autograph as a board member.

Personal Life

In 2015, The Weeknd began a relationship with prominent model Bella Hadid, but they parted ways in 2016 due to scheduling conflicts stemming from their busy lives. He briefly dated Selena Gomez in 2017, and they cohabited for a short time before breaking up. In 2018, he rekindled his romance with Bella Hadid, but they ultimately separated again in 2019.

In April 2023, The Weeknd disclosed that he has attention deficit

In an interview with Interview Magazine, the topic of disorder (ADHD) was discussed.

Through numerous philanthropic projects over the years, The Weeknd has established a reputation for giving back. For instance, in April 2021, he contributed $1 million to relief efforts in Ethiopia for individuals impacted by the Tigray War, in partnership with the United Nations World Food Programme (WFP). Furthermore, in March 2022, he collaborated with the WFP to create the XO Humanitarian Fund, pledging $1 from every ticket sold during his After Hours til Dawn Tour, in addition to a $500,000 donation he made.

In 2015, he faced arrest for assaulting a police officer in Las Vegas and was ultimately sentenced to complete 50 hours of community service.

Awards

Over the span of his career, The Weeknd has garnered several accolades. These include four Grammy Awards, a Latin Grammy Award, 20 Billboard Awards, 22 Junos, six American Music Awards, and two MTV Video Music Awards. Additionally, he received nominations for several Academy Awards and a Primetime Emmy Award.