The Weeknd Net Worth (Money & Salary)

What is The Weeknd’s Net Worth?

With a net worth of $300 million, The Weeknd is a renowned Canadian recording artist and record producer. Gaining initial fame via YouTube, he has since become a standout figure in the Hip-Hop/Rap/R&B genre, thanks to his distinctive musical style. In the United States, he has sold over 70 million records and has an impressive tally of awards, including multiple Grammys. In addition to his musical career, The Weeknd engages in various entrepreneurial ventures, collaborating with brands and launching his own brand called “XO.”

The Weeknd ranks among the highest-paid entertainers globally, with potential earnings of $90 million in any touring year before taxes.

Real Estate

In December 2019, The Weeknd acquired a luxurious penthouse in Los Angeles for $21 million, which offers a view of the Beverly Hills Country Club. The property incurs a monthly HOA fee of $6,800. Prior to establishing himself in LA, he was paying $60,000 per month to rent a triplex penthouse in New York City, which he later listed for $22.5 million in January 2022. Ultimately, he sold it for $19 million in August 2023.

Previously, The Weeknd owned a three-acre estate in Hidden Hills, California, purchased for $18 million in June 2017. This expansive home, exceeding 13,000 square feet, features nine bedrooms, 11 bathrooms, and a 1,200-square-foot guest house. He initially listed this property for $25 million in June 2020 and sold it to Madonna for $20 million in April 2021. Madonna subsequently sold the home in June 2023 for $23 million after listing it for $26 million. Take a look at this video tour of the property:

In August 2021, The Weeknd spent $70 million on a mansion located in Los Angeles’ Bel Air neighborhood. This impressive residence spans 33,000 square feet and was sold off-market, set on 1.6 acres that overlook the Bel-Air Country Club. The property boasts amenities like an indoor pool, sports court, movie theater, gym, music studio, and an outdoor pool.

Early Life

Abel Makkonen Tesfaye, known as The Weeknd, was born on February 16th, 1990. Raised in Toronto, Ontario, he spent much of his upbringing with his mother and grandmother after his parents separated. The Weeknd has Ethiopian roots, with his parents moving to Canada in the late ’80s. His father was largely absent from his childhood, with the two only meeting once or twice. Religion played a significant role in Tesfaye’s formative years, as he often attended the Ethiopian Orthodox Church. Despite his deep ties to religion, Abel Tesfaye…

drugs for the first time at the age of 11. Initially starting with a habit of smoking marijuana, this later escalated into an addiction to more potent substances, which Tesfaye admits led him to commit crimes in order to support his habit. Although he spent time in high school, he ultimately did not graduate, choosing to drop out before his final year.

Early Career

According to Tesfaye, his stage name reflects his departure from high school and his family’s home, which he left “one weekend and never returned.”

It was three years post-high school when he crossed paths with a producer named Jeremy Rose. Rose had been contemplating the concept of “dark R&B” for a while and considered Tesfaye an ideal pioneer to spearhead the genre. With Rose producing various tracks featuring Tesfaye’s rapping, the artist was initially known by aliases like “Kin Kane” and “The Noise.” Under the stipulation that he would receive credit as a producer, Rose allowed Tesfaye to utilize the songs. Subsequently, Tesfaye uploaded these tracks to YouTube, rapidly amassing a substantial following, which caught the attention of Drake.

The Weeknd’s inaugural significant release was a mixtape titled House of Balloons. This album encompassed tracks produced by various collaborators, including Jeremy Rose, who, despite contributing, was not credited due to their earlier agreement. The mixtape achieved tremendous success, earning accolades from Drake, who praised the artist. Additionally, Drake attended The Weeknd’s initial concerts and later proposed a collaboration. This led to the two Canadian musicians touring together, where The Weeknd frequently opened for Drake. After releasing two more mixtapes, The Weeknd attracted the interest of several major record labels eager to sign him.

Breakthrough

Following his tours across the United States and Europe in 2012, The Weeknd entered into a partnership with Republic Records, which also established his own label, XO. Serving as a subsidiary of Republic Records, XO became The Weeknd’s record label. This collaboration resulted in the release of Trilogy, a compilation of his first three mixtapes, with Jeremy Rose finally receiving credit for his contributions. The album was a commercial success, debuting at number four on the U.S. Billboard 200.

His first studio album, Kiss Land, was released a year later. Featuring collaborations with Drake on multiple tracks, it debuted at number two on the U.S. Billboard Top 200 chart. The subsequent years saw The Weeknd engaging in collaborations with artists like Justin Timberlake and Ariana Grande while also touring extensively.

The Weeknd’s second studio album, Beauty Behind the Madness, was released in 2015. In the album’s first week, it sold 412,000 units and climbed to the top position on the U.S. Billboard 200. Eventually, it achieved platinum status, selling 1.5 million copies worldwide. Shortly after, The Weeknd made history as the first male artist to hold the top three spots concurrently on the Billboard Hot R&B Chart, with three singles that all attained platinum certification.

In 2016, The Weeknd releasedhis upcoming album, Starboy, featured tracks with the renowned French electronica group Daft Punk. Following collaborations with various artists and a return to touring, The Weeknd dropped My Dear Melancholy in 2018. In 2017, he set the Guinness World Records for the Most Streamed Album on Spotify within a single year.

He also released his debut greatest hits album, The Weeknd in Japan, in 2018. In 2020, The Weeknd revealed the title of his forthcoming album: After Hours. Subsequently, in 2022, he launched Dawn FM.

Earnings

During the period from June 2017 to June 2018, his earnings reached an impressive $90 million. Between June 2018 and June 2019, The Weeknd amassed $40 million through his various projects.

Musical Style

A singer by trade, The Weeknd is often categorized alongside other rap and hip-hop artists. Major influences on his work include acclaimed singers like Michael Jackson and Prince. His songwriting frequently addresses deep emotional themes, and he fuses indie and electronic music styles with R&B.

Business Ventures

Throughout his career, The Weeknd has engaged in collaborations with condom brands, e-cigarette producers, and Marvel. Additionally, he is prominently featured as one of the endorsers of Apple Music and has served as a brand ambassador for Puma. His involvement in fashion includes selling his own “XO” branded merchandise, along with partnerships with brands like A Bathing Ape and designers such as Alexander Wang. Furthermore, he holds stakes in the esports company OverActive Media Group.

In August 2020, he collaborated with TD Bank to establish Black HXOUSE as a sleeping partner. In March 2021, The Weeknd auctioned unique visual art and an unreleased track 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 the famous model Bella Hadid. However, they ended their relationship in 2016 due to difficulties coordinating their schedules amidst their busy lives. He also had a brief romance with Selena Gomez in 2017, during which they cohabited for a short time before breaking up. In 2018, The Weeknd rekindled his relationship with Bella Hadid, but they once again parted ways in 2019.

In April 2023, The Weeknd disclosed his struggles with attention deficit.

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

Over the years, The Weeknd has built a reputation for his philanthropic efforts. Notably, he donated $1 million in April 2021 to the United Nations World Food Programme (WFP) to aid those in Ethiopia impacted by the Tigray War. Additionally, in March 2022, he collaborated with the WFP to establish the XO Humanitarian Fund, contributing $1 from every ticket sold during his After Hours til Dawn Tour, alongside a $500,000 donation.

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

Awards

Throughout his career, The Weeknd has received numerous awards. His accolades include four Grammy Awards, a Latin Grammy Award, 20 Billboard Awards, 22 Junos, six American Music Awards, and two MTV Video Music Awards. He has also been nominated for several Academy Awards and a Primetime Emmy Award.