The Weeknd Net Worth: Music & Investments

The Weeknd
The Weeknd (Source: Variety)

 A Canadian singer, songwriter, recording artist, and record producer, The Weeknd has a net worth of a staggering $200 million as of October, 2022.

Abel Makkonen Tesfaye, universally known by his stage name, The Weeknd, has published many of his songs on YouTube under the alias ‘The Weeknd.’

Legendary Michael Jackson inspired him to become a singer. 

He began his career by offering free mixtapes on his website. His three mixtapes, ‘Echoes of Silence,’ ‘House of Balloons,’ and ‘Thursday,’ helped him a devoted following.

The Weeknd, who suffered from shyness and insecurity as a youngster, made a concerted attempt to avoid public attention during his early career.

The Weeknd Profile Image( Source: Tribune India)
The Weeknd Profile Image( Source: Tribune India)

However, as his songs began to appear at the top of the charts throughout the world, he gained confidence.

He has multiple Billboard chart records, including becoming the first artist to have the top three slots on the Hot R&B.

With “Blinding Lights,” he also achieved the longest-running single on the Billboard Hot 100.

In 2019 The Weeknd made his feature-film debut, appearing in the crime dramedy Uncut Gems, starring Adam Sandler.

In 2020, Time listed him as one of the world’s most influential people.

Quick Facts

So, let’s get to know The Weeknd a little better, starting with some basic facts about him.

Name Abel Makkonen Tesfaye
Birthplace Toronto, Canada
Birthdate 16 February 1990
Age 32 years old
Nationality Canadian
Ethnicity Ethiopian
Religion Christian
Father’s Name Makkonen
Mother’s Name Samra Tesfaye
Siblings N/A
School Samuel Hearne Middle School
College West Hill Collegiate Institute, Birchmount Park Collegiate Institute
Profession Actor, Comedian, Producer, DJ, Screenwriter
Nickname The Weeknd
Height In Centimeters – 173 cm
In Feet and Inches – 5′ 7″
Weight In Kilograms – 75 Kg
In Pounds – 165.5 lbs
Hair Color Dishwater Squirrel Brown
Eye Color Dark Brown
Zodiac Sign Aquarius
Net worth $200 million
Sexual Orientation Straight
Marital status Unmarried
Spouse N/A
Children N/A
Social Media Instagram, Twitter, Facebook, Website, YouTube, SoundCloud, Spotify
Merchandise The Weeknd
Last Update October, 2022

The Weeknd Net Worth and Income

A Canadian singer, songwriter, recording artist, and record producer, The Weeknd has a net worth of a staggering $200 million as of October, 2022.

The Weeknd earns an estimated $12 million a year.

Не іѕ rаnkеd аmоng thе rісhеѕt hір-hор аrtіѕt аnd hіghеѕt-раіd сеlеbrіtіеѕ іn thе wоrld.

The Weeknd’s net worth fіgurе іѕ duе tо rесоrd ѕаlеѕ, hіѕ tоurіng whісh еаrn hіm аrоund $1 mіllіоn реr ѕtор, mеrсhаndіѕеѕ, еndоrѕеmеnt dеаlѕ аnd buѕіnеѕѕ vеnturеѕ.

He made a whopping $90 million between June 2017 and June 2018.

His income dropped the following year, with just $40 million earned between June 2018 and June 2019.

In 2016 November, his album Starboy was marked as the number 1 on the Billboard Charts. In addition, Starboy reached number 1 in the United States, Australia, Denmark, Canada & Sweden.

The album featured the hit singles “Starboy” featuring Daft Punk, which became the instant hits in 7 countries, including the USA & Canada.

In the past two years, his albums have earned over $5.5 Billion worldwide & $1.1 Billion for his hit singles Starboy, including record sales, touring, merchandise & more.

Furthermore, he earns $140,000 per day from his record sales and earns over $700,000 from Endorsements.

The Music channel ‘The Weeknd’ has attracted 25 million subscribers on YouTube.

The Weeknd’s Net Worth in Different Currencies

Let’s look at The Weeknd’s net worth in different currencies, including the cryptocurrency BitCoin.

Currency Net Worth
Euro 177,310,000
Pound Sterling £ 151,389,000
Australian Dollar A$ 281,260,000
Canadian Dollar C$ 258,511,000
Indian Rupee 15,136,690,000
BitCoin ฿ 4,119

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The Weeknd: House, Car, and Watches

House

The Weekend paid $21 million for a penthouse in Los Angeles overlooking the Beverly Hills Country Club in December 2019. The monthly HOA charge for the building is $6,800.

Before settling in Los Angeles, he rented a triplex penthouse in New York City for $60,000 per month.

The singer previously had a three-acre mansion in Hidden Hills, California, which he purchased in June 2017 for $18 million.

The Weeknd's $70 million mansion( Source: The Hollywood Reporter)
The Weeknd’s $70 million mansions ( Source: The Hollywood Reporter)

He offered this home for sale for $25 million in June 2020. He sold the house to Madonna for $20 million in April 2021.

It was reported that he had spent $70 million for a house in Los Angeles’ Bel-Air area.

The 33,000-square-foot home on 1.6 acres has an indoor pool, a sports court, a movie theater, a gym, a music studio, and an outdoor pool on the site.

Cars

The Weeknd’s car collection isn’t the largest we’ve seen from a celebrity. Instead, it’s on the smaller side of things, and he’s not as flashy as some celebrities.

His $3 million car collection includes:

Cars Price
McLaren P1 $ 1.2 million
Lamborghini Aventador SV Roadster $ 550,000
Mercedes AMG GT C Roadster $ 190,000
1980 Porshe 911 $ 70,000
Bentley Mulsanne $ 320,000

Watches

The Weeknd has been spotted wearing watches as exciting and unusual as his music.

In 2020, for his “Save Your Tears” performance at the 2020 American Music Awards, he was seen in a gold Rolex Datejust ref 16018 with a black onyx dial on the wrist.

In a press shot for his album After Hours, The Weeknd was also seen wearing a King Midas from Rolex’s Cellini collection.

Abel recently showed off his Audemars Piguet Royal Oak Concept Black Panther Flying Tourbillon on Instagram.

The Weeknd's Watch
The Weeknd’s Audemars Piguet (Source: GQ India)

Jewelry

The Weeknd sported a diamond and yellow sapphire pin from the Cartier Collection at the Met Gala.

The flower clip brooch initially designed for a woman is a 12.49-carat octagonal emerald cut yellow sapphire in the center.

The Weeknd: Lifestyle and Vacation

Lifestyle

After the global success of his fourth studio album, Abel has been in many live performances and has a long list of tours ready.

He recently performed in the Super Bowl, and it had a lot of admirers.

The singer’s heavy use of hard drugs and alcohol is intertwined with some of his biggest hits.

However, his substance use habits have changed. He has admitted he now adheres to a “sober life” lifestyle—he still drinks occasionally and uses weed.

Vacation

The Weeknd and his ex-girlfriend Bella Hadid chose a tropical getaway over the Coachella Valley desert in 2019.

Bella was busy tweeting photos from her tropical vacation, including a lovely picture of herself and The Weeknd in beachwear with the caption “MIA on purpose.”

The Weeknd ready to jet sky (Source: Twitter)
The Weeknd ready to the ride jet ski (Source: Twitter)

Her gallery-style post had photos of the couple playing cards, soaking up the sun, riding jet skis, and chilling out. 

Charity

The Weeknd’s philanthropy is heavily focused on his parent’s native place, Ethiopia. In April 2021, he contributed $1 million to the United Nations World Food Programme, enough to feed two million Ethiopians.

He donated $50,000 to the University of Toronto to fund a new course on Ge’ez, the classic language of Ethiopia. In August 2016, he founded a new Ethiopian Studies program at the University of Toronto.

In May 2016, during Orthodox Easter, the star donated $50,000 to the St. Mary Ethiopian Orthodox Tewahedo Church in Toronto, Canada, a church he attended growing up.

The Weeknd’s philanthropy extends beyond Ethiopia.

He donated to COVID-19 relief and relief for those affected by the 2020 Beirut explosion. In addition, the Canadian singer donated $300,000 to Global Aid for Lebanon after the explosion.

In addition, The Weeknd also donated $200,000 each to Black Lives Matter, $100,000 to National Bail Out, and $500,000 each to the MusiCares Covid-19 Relief Fund and frontline health workers at Scarborough Health Network.

Similarly, he donated $100,000 to the Suubi Health Center, a maternity and children’s medical facility in Budondo, Uganda.

Music, Movies, Investments, and Endorsements

Music

His music career began when he met Jeremy Rose, with whom he collaborated on many tracks in which The Weeknd would freestyle, and Rose would perform instruments.

Later, The Weeknd posted some of his works on YouTube, and that’s where it all began, and before long, his name was appearing on numerous media sites, like The New York Times.

On Drake‘s album Take Care, he worked with him.

Kiss Land, released in September 2010, was his first studio album and debuted at number one on the Billboard 200.

The singer released his second studio album, Beauty Behind the Madness, in August 2015. The album was certified double platinum and was the most-streamed album of 2015.

His third studio album, released in 2016, was titled Starboy. It has also been certified as double platinum.

Some of the supporting singles in this album are “Die for You,” “Starboy,” “I Feel It Coming,” among others.

In 2020, the Weeknd released his fourth studio album, After Hours.

After Hours peaked atop the albums charts of countries including Australia, Canada, the Netherlands, Sweden, the UK, and the US, spawned the US number-one and Canada’s top-ten singles “Heartless” and “Save Your Tears.”

Movies

The Weeknd is a cinephile and has made numerous movie references in his music videos and teasers.

On August 30, 2019, he made his acting debut in Uncut Gems.

He co-wrote and starred in an episode of American Dad.

In July, he voiced three characters during the 200th episode of Robot Chicken.

Investments and Endorsements

The Weeknd has worked with condom makers, e-cigarette manufacturers, and Marvel.

He is also one of Apple Music’s “faces,” He has served as a Puma brand ambassador.

In 2015, The Weeknd collaborated with Pax Labs to release a limited edition version of the PAX 2 vaporizer.

The Weeknd is also interested in fashion and offers his own “XO” branded products. The e-cigarette featured the “xo” branding on the front and has the ability to play “The Hills” when turned on.

He also hosted several pop-up retail stores for the “Starboy: Limited Capsule” collection. In October 2017, Tesfaye announced that a Starboy comic book would be released in June 2018.

He has collaborated with brands such as A Bathing Ape and designers such as Alexander Wang. Additionally, Abel owns shares in esports company OverActive Media Group.

 In March 2021, a collection of visual artwork and an unreleased song titled “Acephalous” was auctioned for US$2,000,000.

Career

The Weeknd’s music career began when he met producer Jeremy Rose.

Tesfaye published the three tracks on YouTube in 2010 under the handle ‘The Weeknd.’

Abel released his debut mixtape, ‘House of Balloons’ on March 21, 2011. It included nine tracks, including the songs he wrote for Rose.

Within a year, his celebrity exploded due to the three mixtapes.

He soon released his debut studio album, ‘Kiss Land,’ in September 2013, to great reviews from reviewers.

The Weeknd with his awards (Source: Vocal Media)
The Weeknd with his awards (Source: Vocal Media)

He contributed to the music of the Hollywood film ‘The Hunger Games: Catching Fire’ in 2013.

In 2014, he recorded a duet with Ariana Grande called ‘Love Me, Harder.’

His third studio album, ‘Starboy,’ was released on November 25, 2016.

After Hours, the Weeknd’s fourth studio album, was released in 2020. The track “Blinding Lights” holds the record for the most weeks in the Billboard Hot 100’s top five, top ten, and top 100.

As of October, 2022, The Weeknd’s net worth is $ 200 million.

3 Interesting facts about The Weeknd

  • Abel dropped out of high school when he was 17.
  • He spells his name without the “e” because of copyright issues.
  • The Weeknd and Lana Del Rey have long been pals, and he confesses that they both influence each other.

FAQS

What is Weeknd’s biggest hit?

The Weeknd’s hit single “Blinding Lights” has just reached a significant milestone, as the song has risen to the top of their Greatest Songs of All Time Hot 100 chart.

Why did The Weeknd name his album “Starboy”?

The Weeknd revealed ‘Starboy’ was 100% influenced by the deaths of David Bowie and Prince.

Why did The Weeknd boycott the Grammys?

The Weeknd called the Recording Academy ‘corrupt’ after failing to receive a single nomination for album or song of the year in 2021 after his success of After Hours.

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