The Weeknd’s net worth is estimated to be $300 million.
The Weeknd is a Canadian singer-songwriter and producer. The Weeknd’s net worth is estimated to be $300 million. After breaking into the music industry via YouTube, The Weeknd has established himself as one of the most recognizable faces in Hip-Hop/Rap/R&B, and his distinct musical style sets him apart. He has sold over 70 million records in the United States alone and has received numerous accolades, including multiple Grammy Awards. Apart from music, The Weeknd has pursued a variety of entrepreneurial endeavors. This includes collaborations with a variety of brands as well as the establishment of his own personal brand, “XO.”
Today The Weeknd is one of the world’s highest-paid entertainers. When The Weeknd is on tour, he can easily earn $90 million before taxes in a single year.
The Weeknd was born Abel Makkonen Tesfaye on February 16th, 1990. He was raised in Toronto, Ontario, by his mother and grandmother following his parents’ divorce. The Weeknd is of Ethiopian ancestry, having immigrated to Canada in the late 1980s with his parents. Tesfaye’s father was absent from his life throughout his youth, and the two saw each other only once or twice. Tesfaye’s early years were heavily influenced by religion, and he frequently attended the Ethiopian Orthodox Church. Despite his religious affiliation, Abel Tesfaye began abusing drugs at the age of 11. What began as a marijuana smoking habit developed into an addiction to stronger drugs, and Tesfaye claims he committed crimes to fund his addiction. Although he attended high school, he did not graduate because he left before the end of his senior year.
Career in the Beginning
Tesfaye’s stage name is derived from the fact that he left high school and his family’s home “one weekend and never returned.” Three years after graduating from high school, he met Jeremy Rose, a producer. Rose had been toying with the idea of creating “dark R&B” for some time and saw Tesfaye as the ideal figurehead. Tesfaye rapped on a number of Rose’s songs. During this time period, the musician went by the moniker “Kin Kane” and “The Noise.” Rose consented to Tesfaye’s use of the songs on the condition that he be credited as a producer. Tesfaye then uploaded the tracks to YouTube, where he quickly accumulated a sizable following – even attracting Drake’s attention.
The Weeknd’s debut project, House of Balloons, was a mixtape. The album featured tracks produced with the assistance of a variety of producers, including Jeremy Rose, who was not credited in accordance with the previous agreement. The album was a huge success, and Drake once again expressed his admiration for the artist. Drake also attended The Weeknd’s initial performances and later approached him about collaborating. The two Canadian acts then toured together, with The Weeknd serving as Drake’s opening act. Following the release of two additional mixtapes, The Weeknd was approached by several major record labels interested in signing him.
After touring the United States and Europe in 2012, The Weeknd formed a joint venture with Republic Records, which included the launch of his own imprint, XO. The Weeknd’s independent record label, XO, is a subsidiary of Republic Records. Trilogy, a compilation of The Weeknd’s first three mixtapes, was released during this relationship. Finally, Jeremy Rose received credit for the songs he produced. The album was a success, peaking at #4 on the US Billboard 200.
Kiss Land, his debut studio album, was released a year later. Drake appeared on several tracks on the album, which debuted at number two on the US Billboard 200. The Weeknd spent the next few years touring and collaborating with artists such as Justin Timberlake and Ariana Grande.
The Weeknd’s second studio album, Beauty Behind the Madness, was released in 2015. The album sold 412,000 copies in its first week and debuted at the top of the US Billboard 200. It eventually achieved platinum status after selling 1.5 million copies worldwide. Shortly thereafter, The Weeknd became the first male artist to hold the top three spots on the Billboard Hot R&B Chart with three platinum-certified singles.
The Weeknd released his follow-up album, Starboy, in 2016. The album featured Daft Punk, a well-known French electronica group. The Weeknd released My Dear Melancholy in 2018 following collaborations with a variety of other artists and a return to touring. In 2017, The Weeknd broke the Guinness World Record for the Most Streamed Album on Spotify in a Single Year.
Additionally, he released his first greatest hits album, The Weeknd, in Japan in 2018. The Weeknd announced the title of his forthcoming album, After Hours, in 2020.
He earned an astounding $90 million between June 2017 and June 2018. The Weeknd earned $40 million between June 2018 and June 2019 through his various endeavors.
Although The Weeknd is a singer, he is frequently lumped in with other rap and hip-hop artists. Michael Jackson and Prince are among his influences. His lyrics address difficult emotional topics, and his music combines elements of indie and electronic music with R&B.
The Weeknd has partnered with condom manufacturers, e-cigarette makers, and Marvel. He is also one of Apple Music’s “faces,” as well as a brand ambassador for Puma. Additionally, The Weeknd is heavily involved in fashion, selling his own “XO” branded merchandise. Additionally, he has collaborated with brands like A Bathing Ape and designers like Alexander Wang. The Weeknd owns stock in OverActive Media Group, an esports company.
The Weeknd began dating Bella Hadid, a well-known model, in 2015. They divorced in 2016, citing scheduling conflicts caused by their hectic lifestyle. He also dated Selena Gomez briefly in 2017, and the couple cohabited briefly before breaking up. The Weeknd reunited with Bella Hadid in 2018, but the couple split for the second time in 2019.
Residential Real Estate
The Weekend paid $21 million for a penthouse in Los Angeles overlooking the Beverly Hills Country Club in December 2019. The monthly HOA fee for the building is $6,800. Prior to settling in Los Angeles, he was renting a triplex penthouse in New York City for $60,000 per month.
The Weeknd previously owned a three-acre estate in Hidden Hills, California, which he purchased in June 2017 for an estimated $18 million. He listed this property for sale for $25 million in June 2020. He sold the home to Madonna for $20 million in April 2021.
According to the Wall Street Journal, The Weeknd paid $70 million for a mansion in Los Angeles’ Bel Air neighborhood in August 2021. The 33,000-square-foot residence, which was sold in an off-market transaction, is situated on 1.6 acres overlooking the Bel-Air Country Club. There is an indoor pool, a sports court, a movie theater, a gym, a music studio, and an outdoor pool on the property.
He was arrested in 2015 in Las Vegas for assaulting a police officer. He received a 50-hour community service sentence.
He has won numerous awards throughout his career. Three Grammy Awards, eight Billboard Awards, two Juno Awards, and two American Music Awards are among them. Additionally, he was nominated for an Academy Award.