The Weeknd Net Worth (Money & Salary)

The Weeknd’s Net Worth Explained

Discover the net worth of The Weeknd, a Canadian recording artist and record producer known to have a net worth of $300 million. Rising to fame on YouTube, The Weeknd has become a prominent figure in the music industry, particularly in the Hip-Hop/Rap/R&B genre. With a distinctive musical style, he has sold over 70 million records in the US alone and earned numerous accolades, including multiple Grammy awards. Beyond music, The Weeknd has ventured into various entrepreneurial endeavors, collaborating with brands and establishing his personal brand, “XO.”

As one of the highest-paid entertainers globally, The Weeknd can rake in up to $90 million in a tour year, pre-tax.

Real Estate Assets

In December 2019, The Weeknd acquired a $21 million penthouse in Los Angeles, offering views of the Beverly Hills Country Club, with a monthly HOA fee of $6,800. Prior to settling in LA, he leased a triplex penthouse in New York City for $60,000 per month until January 2022 when he listed it for $22.5 million, selling it for $19 million in August 2023.

The artist previously owned a three-acre estate in Hidden Hills, California, purchased for $18 million in June 2017. The lavish property features over 13,000 square feet, nine bedrooms, 11 bathrooms, and a 1,200-square-foot guest house. He listed the estate for $25 million in June 2020, selling it to Madonna for $20 million in April 2021. In June 2023, Madonna resold the property for $23 million after initially listing it for $26 million.

In August 2021, The Weeknd splurged $70 million on a mansion in Bel Air, Los Angeles, encompassing 33,000 square feet on 1.6 acres and boasting luxurious amenities like an indoor pool, sports court, movie theater, gym, music studio, and outdoor pool.

(Kevin Winter/Getty Images)

The Weeknd’s Early Years

Born Abel Makkonen Tesfaye on February 16, 1990, The Weeknd was raised in Toronto, Ontario, primarily by his mother and grandmother following his parents’ split. With Ethiopian roots, his parents immigrated to Canada in the late ’80s. Tesfaye’s father had minimal involvement in his upbringing, with rare interactions. Despite a religious background, Tesfaye started experimenting with drugs at 11, evolving from marijuana to harder substances, eventually resorting to illicit acts to sustain his addiction. Although he started high school, Tesfaye dropped out before completing his final year.

Initial Career Phases

Adopting the moniker “The Weeknd” as a reference to leaving home one weekend, Tesfaye encountered producer Jeremy Rose three years post-high school. Rose, contemplating the notion of crafting “dark R&B,” viewed Tesfaye as the perfect icon for the movement. Following their collaboration on several tracks, initially uploaded on YouTube, The Weeknd gained substantial traction, notably capturing Drake’s attention.

The Weeknd’s breakthrough arrived with the mixtape House of Balloons, showcasing a variety of producers, including Jeremy Rose, leading to critical acclaim. Subsequently, The Weeknd collaborated with Drake, releasing more mixtapes and captivating record labels’ interest seeking to sign him up.

(Kevork Djansezian/Getty Images)

Key Milestones

By 2012, after extensive US and Europe tours, The Weeknd entered a joint venture with Republic Records, establishing his label XO and releasing Trilogy, a compilation of his initial mixtapes, highly praised for its success on the U.S. Billboard charts.

The launch of his first studio album, Kiss Land, featuring Drake, followed in 2013, premiering at number two on the U.S. Billboard Top 200. Subsequently, The Weeknd collaborated with notable artists like Justin Timberlake and Ariana Grande, continuing to expand his career.

Beauty Behind the Madness, his second studio album released in 2015, skyrocketed to success, securing top positions on various charts globally. With subsequent popular albums like Starboy and My Dear Melancholy, The Weeknd solidified his reputation as a prominent figure in the music industry.