The Weeknd Net Worth (Money & Salary)

What is The Weeknd’s Net Worth?

With a net worth of $300 million, The Weeknd, a Canadian recording artist and record producer, has made a significant impact in the music industry. Rising to fame via YouTube, he has become a prominent figure in the Hip-Hop/Rap/R&B genre, distinguished by his distinctive musical approach. In the United States alone, he has sold over 70 million records and has received numerous accolades, including multiple Grammy Awards. In addition to his music career, The Weeknd is also engaged in various entrepreneurial ventures, collaborating with several brands and establishing his personal brand “XO.”

Today, he stands among the highest-paid entertainers globally, with potential earnings reaching $90 million in touring years before taxes.

Real Estate

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

The Weeknd also previously owned a three-acre estate in Hidden Hills, California, purchased for $18 million in June 2017. The residence spans over 13,000 square feet and includes nine bedrooms and 11 bathrooms, along with a 1,200-square-foot guest house. In June 2020, this property was listed for $25 million, and he sold it to Madonna in April 2021 for $20 million. Madonna later listed it for $26 million and sold it in June 2023 for $23 million. You can take a video tour of the home below:

In August 2021, The Weeknd made headlines by purchasing a mansion in the Bel Air neighborhood of Los Angeles for $70 million. This off-market deal involved a 33,000-square-foot house situated on 1.6 acres with views of the Bel-Air Country Club. The expansive property includes an indoor pool, sports court, movie theater, gym, music studio, and an outdoor pool.

Early Life

The Weeknd’s real name is Abel Makkonen Tesfaye, born on February 16th, 1990. He was raised in Toronto, Ontario, by his mother and grandmother following his parents’ separation. With Ethiopian roots, Tesfaye’s family emigrated to Canada in the late 1980s. His father was largely absent from his life, with only a few fleeting encounters during his childhood. Religion played a significant role in Tesfaye’s upbringing, as he frequently attended the Ethiopian Orthodox Church. Despite this religious background, Abel Tesfaye…drugs for the first time when he was just 11 years old. Initially, it was a casual habit of smoking marijuana, but this eventually escalated into a dependency on harder substances. Tesfaye has admitted to committing crimes to support his drug habit. Despite enrolling in high school, he dropped out before his final year and did not complete his education.

Early Career

According to Tesfaye, his stage name is derived from the time he left both high school and his family home “one weekend and never returned.”

Three years after departing from high school, he encountered a producer named Jeremy Rose. Rose had been conceptualizing “dark R&B” and identified Tesfaye as the ideal figure to spearhead this genre. Together, they worked on various tracks where Tesfaye showcased his rapping skills. At this stage, he was using names like “Kin Kane” and “The Noise.” Rose granted Tesfaye permission to utilize the songs under the stipulation that he would receive credit as the producer. Following this, Tesfaye uploaded the songs to YouTube, which quickly led to an increase in his following, even catching the attention of Drake.

The Weeknd’s debut major release was a mixtape titled House of Balloons. This album featured collaborations with several producers, including Jeremy Rose, who wasn’t credited according to their earlier agreement. The overwhelming success of the album attracted more praise from Drake, who also attended The Weeknd’s inaugural concerts and later proposed a collaboration. This led to the two artists touring together, with The Weeknd often opening for Drake. After the release of two additional mixtapes, major record labels began approaching The Weeknd, eager to sign him.

Breakthrough

In 2012, following tours across the U.S. and Europe, The Weeknd entered into a partnership with Republic Records, which also led to the establishment of his own label, XO. As a subsidiary of Republic Records, XO facilitated the release of Trilogy, a compilation album that included The Weeknd’s first three mixtapes, now crediting Jeremy Rose for his production contributions. The album achieved significant success, reaching number four on the U.S. Billboard 200 chart.

A year later, his initial studio album, Kiss Land, debuted. This album included several tracks featuring Drake and landed at number two on the U.S. Billboard Top 200. The subsequent years saw The Weeknd collaborating with notable artists like Justin Timberlake and Ariana Grande while also embarking on extensive tours.

The release of Beauty Behind the Madness in 2015 marked The Weeknd’s second studio album. In its opening week, the album sold 412,000 units and secured the top position on the U.S. Billboard 200, ultimately achieving platinum status with global sales of 1.5 million copies. Shortly thereafter, The Weeknd made history as the first male artist to hold the top three spots on the Billboard Hot R&B Chart with three singles, all of which went platinum.

In 2016, The Weeknd releasedhis upcoming album, Starboy. This album featured collaborations with the famous French electronica duo Daft Punk. Following this, The Weeknd worked with various artists and toured again, leading to the release of My Dear Melancholy in 2018. In 2017, he set a Guinness World Record for having the Most Streamed Album on Spotify in One Year.

In the same year, 2018, he also put out his first greatest hits collection, The Weeknd in Japan. The title for his next album, After Hours, was revealed in 2020. He followed up with the release of Dawn FM in 2022.

Earnings

His earnings were remarkable, totaling $90 million between June 2017 and June 2018. The Weeknd’s various ventures brought him $40 million from June 2018 to June 2019.

Musical Style

Although primarily a singer, The Weeknd is often categorized alongside rap and hip-hop artists. He draws inspiration from musicians such as Michael Jackson and Prince. His lyrics tackle deep emotional themes, and his music melds indie and electronic influences with R&B.

Business Ventures

Collaborations with brands like condom manufacturers, e-cigarette companies, and Marvel have been part of The Weeknd’s business endeavors. He is recognized as one of Apple Music’s prominent figures and has served as a brand ambassador for Puma. The Weeknd also engages heavily in fashion, selling his own “XO” merchandise and collaborating with brands such as A Bathing Ape and designer Alexander Wang. Additionally, he holds shares in the esports company OverActive Media Group.

In August 2020, he partnered with TD Bank to establish Black HXOUSE, functioning as a silent partner. By March 2021, The Weeknd auctioned visual art and an unreleased song in NFT form on Nifty Gateway. Later, in October 2021, he joined Tom Brady’s NFT platform Autograph’s board of directors.

Personal Life

Beginning a relationship with renowned model Bella Hadid in 2015, The Weeknd experienced a split in 2016 due to their busy schedules. He also briefly dated Selena Gomez in 2017, during which they shared a home before separating. The Weeknd rekindled his romance with Bella Hadid in 2018, but they parted ways again in 2019.

In April 2023, he disclosed that he has attention deficit

In an interview with Interview Magazine, the subject of attention was disorder (ADHD).

Throughout the years, The Weeknd has been recognized for his commitment to various philanthropic efforts, such as his $1 million contribution in April 2021 to the United Nations World Food Programme (WFP) to assist with relief efforts for those affected by the Tigray War in Ethiopia. Furthermore, in March 2022, he collaborated with the WFP to initiate the XO Humanitarian Fund, where he pledged $1 from each ticket sold during his After Hours til Dawn Tour, alongside a donation of $500,000.

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

Awards

Over the span of his career, The Weeknd has amassed numerous awards, including four Grammy Awards, one 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.