The Weeknd, known to the world for his distinctive voice and incredible music, has crafted a unique path in the industry that has led to immense success. As of 2024, The Weeknd net worth reflects the sheer impact he’s had on music and pop culture, but it’s more than just music that drives his income.
From major tours and brand partnerships to high-value real estate investments, his wealth is built on diverse foundations. At Ando Money, I’m here to unpack this in detail, providing insights into his earnings, achievements, and business ventures that highlight how he’s become one of today’s most prominent figures in entertainment finance.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Abel Makkonen Tesfaye |
| Popular Name | The Weeknd |
| Gender | Male |
| Birth Date | February 16, 1990 |
| Age | 33 |
| Parents | Makkonen Tesfaye, Samrawit Hailu |
| Siblings | Only child |
| Birthplace | Toronto, Ontario, Canada |
| Nationality | Canadian |
| Ethnicity | Ethiopian |
| Education | Birchmount Park Collegiate Institute, West Hill Collegiate Institute |
| Marital Status | Unmarried |
| Spouse | N/A |
| Children | N/A |
| Dating | Bella Hadid, Selena Gomez (past) |
| Net Worth | $300 million (2024) |
| Source of Wealth | Music, business ventures |
| Height | 5 ft 8 in (1.73 m) |
What is the Net Worth of The Weeknd in 2024?
As of 2024, The Weeknd boasts a net worth estimated at around $300 million. With multiple revenue streams, from record sales and global tours to brand endorsements, he’s on par with other high-profile musicians.
Notably, The Weeknd’s financial success places him among other prominent celebrities, further solidifying his standing in the music industry and beyond. Here’s a look at others in similar circles:
- Drake
- Bella Hadid
- Selena Gomez
- Ariana Grande
- Daft Punk
- Justin Timberlake
- Kendrick Lamar
- Lana Del Rey
- Travis Scott
- Kanye West
For more insights into today’s wealthiest stars, you can check out our list of the most affluent vocalists.
The Weeknd Salary and Finance Overview
How He Rose to Fame and Built His Success
From humble beginnings in Toronto, The Weeknd began his career by releasing anonymous music online in 2009. His mysterious persona and unique sound caught the attention of listeners and industry giants alike, leading to the formation of the XO record label.
His first studio album Kiss Land in 2013 established his footing in the industry, but it was later releases like Beauty Behind the Madness (2015) and Starboy (2016) that took him to mainstream fame. Collaborations with major artists like Drake and Daft Punk cemented his reputation, each partnership a catalyst for his expanding influence and revenue growth.
Major Revenue Sources and Earnings Throughout His Career
The Weeknd’s income draws from a rich tapestry of sources. His record sales have been monumental, with After Hours and Dawn FM achieving record-breaking streams. His touring income has also surged; tours are one of the most lucrative aspects of his career.
From The Madness Fall Tour to the recent After Hours til Dawn Tour, he’s known for bringing in millions with each live event, often filling some of the world’s largest venues. His brand endorsements add to this, with collaborations with names like Apple Music, Puma, and Marvel, proving he’s as marketable as he is talented.
Notable Achievements and Awards in Music and Beyond
Awards and accolades decorate The Weeknd’s career, from Grammy Awards to Guinness World Records. Blinding Lights not only became the most-streamed song on Spotify but also earned recognition as the best-performing song in Billboard Hot 100 history.
He’s the first artist to hold the top three spots on Billboard’s Hot R&B chart, setting an unparalleled benchmark. This musical success has granted him industry respect and popularity among fans worldwide.
Business Ventures and Brand Partnerships
The XO brand he co-founded has been a hallmark of his business acumen, expanding beyond music into lifestyle and merchandise. His collaboration with Alexander Wang and the fashion label A Bathing Ape shows his reach into the fashion sector.
He also entered the digital space, from ventures with e-cigarettes to NFT art releases, showcasing a willingness to innovate. His recent involvement in the sports media company OverActive Media Group further diversifies his financial portfolio.
Real Estate Investments and Properties Owned
The Weeknd’s real estate portfolio is as impressive as his music catalog. His 2021 purchase of a 33,000-square-foot mansion in Bel-Air for $70 million stands as one of his most notable investments.
He’s bought and sold other high-value properties as well, including a Hidden Hills estate that later went to pop icon Madonna. This continuous engagement in real estate underscores his eye for lucrative, long-term assets.
Contributions to Philanthropy and Social Impact
Beyond wealth, The Weeknd has dedicated time and money to humanitarian causes. In 2021, he was named a Goodwill Ambassador by the World Food Programme and established the XO Humanitarian Fund to aid various global causes.
These contributions reflect his commitment to giving back, with proceeds from his ticket sales and direct donations supporting food security and racial equality initiatives.
FAQs About The Weeknd
How did he get his stage name?
The Weeknd chose his stage name after leaving home and high school over one weekend. To avoid trademark issues, he dropped the last ‘e’ from the word weekend.
What are his biggest musical influences?
Michael Jackson and Prince have been significant influences on The Weeknd’s music, impacting his style and artistic direction throughout his career.
What albums brought him the most success?
The Weeknd’s most successful albums include Beauty Behind the Madness, Starboy, and After Hours, with each breaking records and topping charts globally.
What other ventures is he involved in beyond music?
He’s involved in ventures like the XO clothing brand, collaborations with fashion brands, NFT art releases, and investments in digital and sports media companies.
Does he contribute to charity?
Yes, The Weeknd has contributed significantly to charity, notably through the World Food Programme, and has established the XO Humanitarian Fund.
Which artists has he collaborated with?
The Weeknd has collaborated with several high-profile artists, including Drake, Ariana Grande, Daft Punk, and Kendrick Lamar, each collaboration amplifying his reach in music.
Is he involved in acting?
Yes, The Weeknd co-created and starred in the HBO series The Idol in 2023, marking a new direction in his entertainment career.
What languages does he speak?
The Weeknd speaks English, Amharic (his native language), and French, the latter acquired from his education in French immersion schools.
What awards has he won?
He’s won numerous awards, including 4 Grammy Awards, 20 Billboard Music Awards, and a Latin Grammy, among other honors and nominations.
Has he set any records in the music industry?
Yes, The Weeknd holds Guinness World Records and has achieved major milestones, such as the longest-charting song on Billboard with Blinding Lights.
Conclusion
I hope this overview of The Weeknd net worth and his financial journey has given you a clear insight into what makes him such an influential figure in music and finance. For more deep dives into celebrity finances, be sure to explore more on Ando Money’s website. Leave your thoughts, share, and engage with us!
