What is The Weeknd's net worth?

What is The Weeknd's net worth?

After nearly a decade in the global spotlight, The Weeknd (open in new tab) is literally everywhere on the weekends. He has sold tens of millions of albums, made headlines for dating some of the world's most famous women (opens in new tab), and produced some very catchy songs. From Beyonce to Prince and more recently J.Lo and Shakira, only superstars can perform (opens in new tab).

The Weeknd's halftime show lasts about 12 minutes and, as he revealed in a preperformance press conference (opens in new tab), spans the field and the stadium; in an interview with Billboard (opens in new tab), his team said that the NFL confirmed that he paid out of his own pocket $7 million to achieve his exact vision of the show, in addition to the millions of dollars in production costs incurred by the NFL. While his Super Bowl appearances are notoriously unpaid (opens in new tab), they have been known to significantly boost album sales and streaming numbers. Here is what we know about his overall net worth.

Exact numbers are unknown, but according to an analysis by The Wealth Record (opens in new tab), Abel Tesfaye aka The Weeknd's net worth is believed to be between $80 million and $100 million. The numbers add up: in 2017, Forbes (opens in new tab) named The Weeknd the sixth highest-earning entertainer in the world. That year, he raked in an estimated $92 million due to the success of his "Starboy" album and the more than $1.1 million he earned from each stop on the album's world tour.

But even without touring, The Weeknd continues to earn millions of dollars each year; in the summer of 2019, he ranked 87th on Forbes' (open in new tab) list of the 100 highest-earning celebrities, taking in $40 million the previous year; in 2020, he dropped off the list but judging by Billboard's (opens in new tab) report that his latest album, After Hours, was the third best-selling album in the U.S. last year and its second single, "Blinding Lights," was the second best-selling digital song in 2020, he still likely to have earned a significant amount of money.

Clearly, the bulk of the Canadian singer-songwriter-producer's net worth comes from album sales and tour dates. According to a recent Billboard profile, The Weeknd's After Hours Tour, which kicks off in early 2022, has already begun selling out arenas and is estimated to earn $1.2 million to $1.4 million per show.

Outside of his work in the spotlight, The Weeknd is also a producer and co-founder of record label XO, a subsidiary of Universal Music Group's Republic Records. He has also secured dozens of sponsorship deals, including a collaboration with Pax Labs, the original Juul developer of the vape that plays his song "The Hills," and apparel partnerships with Puma, H&M, and A Bathing Ape. And in 2017, the company launched a collaboration with Marvel (opens in new tab), appearing at Comic-Con on behalf of the studio and serving as the inspiration for Starboy's comic book superhero.

The Weeknd has devoted much of his fortune to charitable causes. For example, this August he launched the Black Hxouse (open in new tab) initiative to support and empower BIPOC entrepreneurs. He has also donated tens of thousands of dollars to causes and organizations such as Black Lives Matter, the Equal Justice Initiative, the Ethiopian Studies Program at the University of Toronto, MusiCares, and several hospitals and churches in his native Toronto.

In the more material realm, the musician is also the owner of a $21 million penthouse in Beverly Hills, an 8,200-square-foot luxury space he purchased in late 2019 and a 12,500-square-foot mansion in Kardashian and Jenner's beloved Hidden Hills He is also the owner of.

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