What Is The Net Worth Of Canadian Singer The Weeknd?

Abel Makkonen Tesfaye professionally known as The Weeknd is a Canadian singer, record producer, and songwriter who made his debut by his critically acclaimed mixtapes House of Balloons, Thursday, and Echoes of Silence.

He released his debut album Trilogy on 13 November 2012 in collaboration with Republic Records and XO. Since then, he has released studio albums like Kiss Land, Beauty Behind the Madness, and Starboy, and hit songs like Love Me Harder, Earned It, Call Out My Name, and more. As of 2022, Abel’s net worth is estimated to be at around $100 million, as per Forbes.

Forbes Claim His Net Worth At $100 Million- Income Sources, Salary, And Earnings

The Canadian singer has an estimated net worth of $100 million as of August 2022. He generates his massive income from his successful career as a singer, songwriter, and record producer.

Besides, he also earns a decent sum of money from his merchandise sales and tours and concert.

Weeknd started his career alongside producer Jeremy Rose who had an idea for a dark R&B musical project. Together they released songs like What You Need, Loft Music, The Morning, and more. After the duo separated, Abel uploaded three songs on YouTube under his stage name The Weeknd.

The songs grabbed both media and public attention and even received coverage from The New York Times and Pitchfork. He released his debut mixtape House of Balloons on 21 March 2011.

The following year, Weeknd signed with the Republic Records and released mixtapes entitled Trilogy. Trilogy peaked at no.4 on the U.S. Billboard 200 selling 86,000 copies in its first week and was certified platinum by Recording Industry Association of America aka RIAA.

His Debut Kiss Land & Other Works

His debut studio album, Kiss Land, was released on 16 May 2013, with hit singles like Belong to the World and Live for featuring Drake. The album debuted at no.2 on the U.S. Billboard 200 and sold 96,000 copies in the first week with positive feedbacks.

He then contributed to the soundtrack for The Hunger Games: Catching Fire, Elastic Heart by Sia, Love Me Harder by Ariana Grande. He also releases a single titled Earned It from Fifty Shades of Grey.

Abel released his second studio album, Beauty Behind the Madness, on 28 August 2015, which peaked at the top the Billboard 200 selling 412,000 album-equivalent unit. The album reached no.1 in several countries like United States, Australia, Canada, Norway, and the United Kingdom selling 1.5 million copies worldwide.

His third album, Starboy, was released on 25 November 2016 with hit singles like Starboy, I Feel It Coming, Reminder, Rockin, and others. The Weeknd was nominated for the Best Urban Contemporary Album at the 60th Annual Grammy Awards and eventually won it.

To date, he has collaborated with other artists like Lana Del Rey, Lil Uzi Vert, Kanye West, Gucci Mane, Travis Scott, Kendrick Lamar, French Montana, Beyonce, Belly, Meek Mill, and others. In a similar way, he appeared alongside actress Amy Schumer in Saturday Night Live. As of 2019, Abel is preparing for his new studio album.

He Has Several Business & Collaboration With Brands

The 29-year-old singer also earns an impressive amount of money from his sponsorships and contract deals. His deals with big companies like Puma, Bacardi, Mercedes-Benz, Samsung, Microsoft, and Range Rover also aid up to his massive wealth empire.

He collaborated with a condom-producing company, ONE, to give away limited edition of condoms at his shows. In 2015, he collaborated with Pax Labs and released a limited edition version of the PAX 2 vaporizer, an electronic cigarette costing $324.99 that could be used in shows during The Madness Fall Tour to promote Beauty Behind the Madness.

In 2016, He Collaborated With Puma

In 2016, Abel partnered with Puma as a Global Brand Ambassador for the Run the Streets campaign. He also released three capsule collection names PUMA X XO including caps, T-shirts, sweatpants, shoes called the Parallels and bomber jackets.

Abel released his own XO branded merchandise in 2017 in collaboration with H&M for its Spring 2017 campaign. Weeknd and H&M also collaborated for the fall collection, however, after an offensive incident, he cut ties with the company in 2018.

Moreover, Abel has collaborated with renowned designers and artists like Kidult, Futura, and Alexander Wang for a small-lived and rare exclusive capsule collections. He also went to New York Comic-Con and announced the release of a comic version of Starboy with the title character as a superhero.

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Purchased ownership in esports company OverActive Media Group

Recently in April 2019, Abel purchased ownership in esports company OverActive Media Group, the owners of Splyce and Overwatch League team Toronto Defiant and is set to serve as the company’s global ambassador.

His YouTube Channel Has 15.9 Million Subscriber

Unlike other celebrities, Abel is not active on Instagram. He deactivated his official Instagram some time back but has 10.3 million followers on Twitter.

Abel has over 15.9 million subscribers on his self-titled YouTube channel. As per Social Blade, he is estimated to make $2.6k to $41.3k per month to $30.9k – $495.1k annually from his channel where he uploads his music videos.

Assets, House, Cars, Lifestyle, And Expenses

Abel purchased a 13,391 sq.ft lavish mansion in Hidden Hills, California for a whopping amount of $18 million. The house includes 9 bedrooms, 11 bathrooms, a wine cellar, 8-stall barn, a resort-style saltwater pool, and a 5-car parking garage. The mansion also includes a 1,200 sq.ft guest house.

Similarly, he has rented a luxury NYC Condo for around $60,000 per month. The Canadian singer resides in his lavish apartment with his girlfriend Bella Hadid.

The Weeknd has an impressive car collection like:

  1. McLaren P1: $1.15 million
  2. Lamborghini Aventador SV Roadster: $530,075
  3. Bentley Mulsanne: $300,000
  4. Mercedes-AMG G63: $124,500

His expenses are based on foods, travel, accommodations, cars, and others.

Tax, Insurance, And Charity

With a massive mansion and expensive cars in his garage, Weeknd surely pays a hefty sum of money as a tax payment. Similarly, he may have his health, life, property, and cars insurance done for back-ups.

Besides, Abel has been involved in several charities and philanthropic works. He even donated $250,000 for the Black Lives Matter movement.

The Weeknd’s Personal Life- Age, Height, Family, Past Relationships, And Girlfriend

Born Abel Makkonen Tesfaye on 16th February 1990 in Toronto, Ontario, Canada to Samra and Makkonen Tesfaye. He holds Canadian nationality and is of Afro-Canadian ethnicity. Abel grew-up alongside his grandmother and mother after his parents got divorced.

He went to West Hill Collegiate Institute and Birchmount Park Collegiate Institute in Scarborough, Toronto, however, he dropped out in 2007.

Weeknd started dating supermodel Bella Hadid in early 2015 and made their first public appearance in May during the Coachella fest. Bella also starred in his music video, In the Night in December. The couple even made a red carpet appearance as a couple at the 2016 Grammy Awards.

The couple split due to their conflicting schedules on 11 November 2016. However, they reconciled again on May 2018 and are living together in New York City.

Moreover, Abel also dated singer/songwriter Selena Gomez in January 2017 and even moved in together temporarily in September in their Greenwich Village, New York. The duo broke up in October 2017.

He is 31 years old as of 2019. He stands 5 feet 8 inches (173 cm) tall. Abel’s one of the trademarks was his dread-lock hair which he recently cut.