The Weeknd’s net Worth is at least $310 Million dollars, as of 2023.
Born as Abel Makkonen Tesfaye, The Weeknd is a very well known Canadian singer, songwriter and even record producer.
He has accomplished so much in the music industry and has lots of awards to show for it, such as eight Billboard Music Awards, three Grammy Awards, two American Music Awards, etc.
He’s without doubts one of the biggest musicians in the world today. In terms of streaming, he’s currently at 5.5 billion streaming pins within just two years!
First, this company has paid $25+ million to members:
|Net Worth:||$310 Million (USD)|
|Source of Wealth:||Professional Singer, Songwriter, Actor, Record Producer|
|Full Name:||Abel Makkonen Tesfaye|
|Also known as:||The Weeknd|
|Date of Birth:||February 16, 1990|
|Country of Origin:||Canada|
|Years Active:||2010 to present|
Source of Wealth
Weeknd’s source of wealth comes mainly from his music. He has also made a lot of money as a songwriter, actor, record producer and even as an entrepreneur.
A lot of his money obviously comes from the music tours he continues to do, including world tours. That’s why he even told Forbes that “Artists don’t really make the money off the music like we did in the Golden Age. It’s not really coming in until you hit the stage.”
His music is so loved that he even has lots of awards to show for it, such as eight Billboard Music Awards, three Grammy Awards, two American Music Awards, etc.
All these have drastically improved his popularity and fortunes. Talking about numbers, he is said to have sold as many as 100 million of his records worldwide.
Yes, that has made him one of the best-selling artists in the world. That’s why it’s no surprise his net worth is over $210 million!
As an entrepreneur, he is involved in several business ventures and ideas and has made a lot of money from them.
Some of these business ventures include collaborating with condom-producing company, collaborating with an electronic cigarette company, partnering with Puma, collaborating with Marvel, etc.
He has also started his own XO branded merchandise, with which he has done collaborations with H&M.
He even bought ownership in 2019 in “esports” company – OverActive Media Group.
The Weeknd was born Abel Makkonen Tesfaye in Toronto Ontario, Canada on February 16, 1990.
He was the only child of Makkonen and Samara Tesfaye who were Ethiopian Immigrants.
After his parents split up Abel was raised by his mother and grandmother and only saw his father a couple of times.
As a child he would attend the Ethiopian Orthodox Church with his mother.
Abel was a wild teenager. He began smoking pot at the age of 11 and then moved onto harder drugs and would often shop lift to support his drug habit.
He left both school and his home in 2007.
2010: Abel met Jeremy Rose a producer and the two of them collaborated on some songs.
Three of those songs Rose kept “What You Need,” “Loft Music,” and “The Marriage” (Other songs he gave Weeknd with the stipulation if they were used in the future he, Rose would receive credit, which he did years later.)
Weeknd uploaded the 3 songs to YouTube under his stage name and his songs drew attention.
2011: Tesfaye Released a mixtape “House of Balloons” which earned him early acclaim. He also began a tour of Toronto at the City’s Mod Club.
Again, this company has paid $25+ million to members:
Later that year he contributed 4 songs to Drakes “Take Care Album, not only writing the songs, but also as featured artist.
He also released two more mixtapes “Thursday” and “Echoes of Silence.” After the release of the three mix tapes, Weeknd began receiving offers from recording labels.
2012: The Weeknd toured the United States with performances at venues such as the Coachella Festival. The tour ended in New York City where he had sold out back to back shows.
The tour was so successful that he decided to extend the tour to Europe performing at various festivals in several countries.
He also signed with Republic Records and released a compilation album of his mixtapes titled “Trilogy.”
Trilogy reached no 4 on the US Billboard 200 and later was certified Platinum by the RIAA and double Platinum by Music Canada (2013).
2013: Tesfaye’s Album “Kiss Land” was released and debuted at Number 2 on the US Billboard 200 charts. A single from the album “Live For” featured Drake.
Weeknd also contributed to the Soundtrack for Hunger Games: Catching Fire.
2014: Weeknd released a remix of Beyonce’s “Drunk in Love” as well as releasing his own song “Earned It” would would appear on the Soundtrack for the movie Fifty Shades of Grey.
2015: Tesfaye won the Centric Award. He also debuted his single “The Hills” which became Weeknd’s first number one hit.
This single would later be certified Platinum by the RIAA. Another single “Can’t feel My Face” also became a number 1 hit.
His second album entitled “Beauty Behind the Madness” reached the top 10 in over 10 countries. It would go double Platinum in the US.
2016: Tesfaye was featured on “FML” a single from Kanye West’s album “The Life of Pablo.” He also released the title song from his upcoming album “Starboy” which went platinum.
2017: The Weeknd was featured on a number of songs by other artists including Lana Del Ray’s “Lust for Life” and French Montana’s “A Lie.”
He also received a Grammy nomination for his Album “Starboy.”
2018: Weeknd released an EP “My Dear Melancholy”.
Weeknd has been on 4 major tours King of the fall tour (2014), The Madness Fall Tour” (2015),
“Starboy: Legend of the Fall Tour” (2017) and The Weeknd Asia Tour (2018).
Weeknd began dating Bella Hadid in 2015 and the couple seemed to be going hot and heavy as she starred in his video “In the Night” and they attended the 2016 Grammy Awards together.
The couple ended up breaking up in 2017, getting back together in 2018 and then breaking up again early 2019.
He admits to often using drugs as crutch when making his music but didn’t say whether he has beaten his habit or not.
He also is dedicated to giving back to the community.
In 2014 He Donated $50,000 to a class teaching Ge’ez (A classic language in Ethiopia).
In 2015 he donated another $50,000 to St. Mary’s Ethiopian Orthodox Tewahedo Church in Toronto and ¼ of million dollars to Black Lives Matters.
He continues to make donations to various causes he believes in.
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Again, this company has paid $25+ million to members: