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 on the music industry. He initially gained fame via YouTube, and today, he is recognized as one of the leading figures in the Hip-Hop/Rap/R&B genre, distinguished by his unique musical style. 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 musical career, The Weeknd has pursued various entrepreneurial ventures, collaborating with different brands and establishing his personal brand known as “XO.”

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

Real Estate

The Weeknd made a notable real estate purchase in December 2019, acquiring a penthouse in Los Angeles that overlooks the Beverly Hills Country Club for $21 million, which has a monthly HOA fee of $6,800. Prior to settling in Los Angeles, he rented a triplex penthouse in New York City for $60,000 monthly. In January 2022, he listed this penthouse for $22.5 million and eventually sold it in August 2023 for $19 million.

He also previously owned a three-acre estate in Hidden Hills, California, purchased for $18 million in June 2017. This property features over 13,000 square feet of living space, including nine bedrooms, 11 bathrooms, and a 1,200-square-foot guest house. He listed this estate for sale at $25 million in June 2020 and sold it to Madonna in April 2021 for $20 million. Madonna re-listed the property for $26 million and sold it in June 2023 for $23 million. Below is a video tour of the home:

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

Early Life

Born on February 16, 1990, The Weeknd’s birth name is Abel Makkonen Tesfaye. Growing up in Toronto, Ontario, he was raised by his mother and grandmother following his parents’ separation. He has Ethiopian roots, as his parents emigrated to Canada in the late ’80s. During his childhood, his father was largely absent, with the two meeting only a couple of times. Religion played a significant role in Tesfaye’s upbringing; he regularly attended services at the Ethiopian Orthodox Church. Despite his strong religious upbringing, Abel Tesfaye…drugs for the first time at 11 years old. Initially, it was just a habit of smoking marijuana, but over time, it evolved into a dependency on more powerful substances. Tesfaye has admitted to committing crimes to support his addiction. Despite attending high school, he ultimately did not graduate, as he left before completing his final year.

Early Career

The inspiration for Tesfaye’s stage name stemmed from his decision to leave high school and his family home “one weekend and never return.”

After three years of being outside the high school environment, Tesfaye encountered a producer named Jeremy Rose. Rose had been conceptually developing “dark R&B” for a while and identified Tesfaye as the ideal representative for this new direction. He produced several tracks for Tesfaye, who was then using the names “Kin Kane” and “The Noise.” Rose allowed Tesfaye to use the songs on the condition he received production credit. Subsequently, Tesfaye uploaded the music to YouTube, rapidly accumulating a significant fanbase, eventually garnering the interest of Drake.

The Weeknd’s debut significant release was a mixtape titled House of Balloons. This album featured tracks crafted alongside various producers, including Jeremy Rose, who was not credited due to their prior agreement. The success of the mixtape was immense, earning praise from Drake, who also attended The Weeknd’s initial concerts and proposed a collaboration. Subsequently, the two Canadian musicians toured together, with The Weeknd typically serving as the opening act for Drake. Following the release of two additional mixtapes by The Weeknd, several major record labels expressed interest in signing him.

Breakthrough

In 2012, after touring across the United States and Europe, The Weeknd entered into a partnership with Republic Records, which also led to the establishment of his own label, XO. Operating as a subsidiary of Republic Records, XO facilitated the release of Trilogy, a compilation of his first three mixtapes, which finally recognized Jeremy Rose for his production contributions. The album enjoyed commercial success, reaching number four on the U.S. Billboard 200.

A year later, he released his debut studio album, Kiss Land, which included features with Drake on several tracks and debuted at number two on the U.S. Billboard Top 200. The following years saw The Weeknd collaborate with notable artists such as Justin Timberlake and Ariana Grande while extensively touring.

The Weeknd’s second studio album, Beauty Behind the Madness, came out in 2015. In its first week, the album sold 412,000 units and secured the top position on the U.S. Billboard 200. It eventually achieved platinum status, with global sales reaching 1.5 million copies. 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 project, Starboy, which featured tracks with the famous French electronic duo Daft Punk. Following a tour and collaborations with various artists, The Weeknd debuted My Dear Melancholy in 2018. In 2017, he achieved Guinness World Records recognition for having the Most Streamed Album on Spotify within a single year.

Additionally, in 2018, his first greatest hits collection, The Weeknd in Japan, was released. Announcing his next album as After Hours in 2020, The Weeknd followed up in 2022 with the release of Dawn FM.

Earnings

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

Musical Style

Although frequently associated with rap and hip-hop artists, The Weeknd identifies as a singer. He draws inspiration from iconic performers like Michael Jackson and Prince. His lyrics often address profound emotional topics, with a fusion of indie and electronic styles along with R&B influences in his music.

Business Ventures

The Weeknd has engaged in partnerships with condom brands, e-cigarette manufacturers, and Marvel. He represents Apple Music as one of its prominent faces, additionally serving as a brand ambassador for Puma. His involvement in fashion includes offering his own “XO” merchandise, along with collaborations with brands like A Bathing Ape and designers such as Alexander Wang. Moreover, he has investments in the esports company OverActive Media Group.

By August 2020, The Weeknd joined forces with TD Bank to create Black HXOUSE, acting as a silent partner. In March 2021, he auctioned visual art alongside an unreleased song as an NFT on Nifty Gateway. Subsequently, in October 2021, he became a board member of Tom Brady’s NFT platform, Autograph.

Personal Life

Beginning a relationship with renowned model Bella Hadid in 2015, The Weeknd faced scheduling conflicts that ultimately led to their breakup in 2016. He briefly dated Selena Gomez in 2017, during which time they even shared a residence before parting ways. In 2018, a reconciliation with Bella Hadid occurred, but they ultimately separated for a second time 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.

Throughout the years, The Weeknd has demonstrated a commitment to philanthropy, including a $1 million contribution in April 2021 to relief efforts in Ethiopia through the United Nations World Food Programme (WFP), aimed at supporting individuals affected by the Tigray War. In March 2022, he collaborated with the WFP to establish the XO Humanitarian Fund, donating $1 from every ticket sold at his After Hours til Dawn Tour, alongside a further donation of $500,000.

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

Awards

Over the span of his career, The Weeknd has accumulated numerous accolades, including 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 various Academy Awards and a Primetime Emmy Award.