What is the The Weeknd’s net worth in 2024?

Abel Makonen Tesfaye, professionally known as The Weeknd, has built a successful career. The 34-year-old artist boasts a discography of hit tracks like Starboy, Blinding Lights, and One Of The Girls and successful world tours. The Weeknd’s net worth, according to Celebrity Net Worth’s publication of May 29, 2024, is $300 million.

According to the Recording Industry Association of America, The Weeknd has an estimated 18.5 million certified album units and 126 million digital single units in the United States, in August 2024 and appeared on Forbes’s cover as one of the top celebrity earners of 2017 and 2019, respectively.

The Starboy crooner has won 3 Grammy Awards, 2 American Music Awards, and 9 Billboard Music Awards, amongst others. This article explores some of the contributory factors to his wealth.

Disclaimer: This article is based on reported earnings from different sources.

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The Weeknd’s musical journey and estimated career earnings

The Weeknd broke out on YouTube in 2010 after uploading the tracks, Loft Music, What You Need, and The Morning under the username xoxxxoooxo. The songs became popular and were acknowledged by Drake in a blog post. His first major release was the House of Balloons, a mixtape in March 2011.

The Weeknd later opened for the European leg of Drake’s Would You Like A Tour in 2014. In 2012, The Weeknd signed with Republic Records under his sub-label XO. Under Republic Records in the same year, he released Trilogy, a combination of his previous mixtapes.

Trilogy peaked at number four on the Billboard 200 chart. The Canadian artist released his first studio album Kiss the Land, which charted at number 2 on the Billboard 200 chart. His second studio album, Beauty Behind The Madness, made it to the top of the Billboard 200 chart and eventually went platinum.

He made history as the first male artist to simultaneously chart in the top three spots on the Billboard Hot R&B Chart with singles that went platinum. Beauty Behind The Madness also broke the Guinness World Record as the most streamed album on Spotify between December 1, 2014, and December 1, 2015.

The Weeknd’s 2016 album Starboy also debuted at number 1 on the Billboard 200 chart. He was included in Forbes’s list of highest-paid entertainers in 2017– reportedly earning $92 million, as per the magazine.

In 2018, he released The Weekend in Japan and was once again featured on Forbes’s list of highest-earners of 2019 with a reported earning of $40 million, with his million-dollar endorsement deals with brands like Puma and Bacardi being contributory factors.

In 2020, following The Weekend In Japan’s success, he released After Hours the album. In 2022, he released After Hours, which also debuted atop the Billboard 200 chart, becoming his fourth number-one entry on the chart.

In 2022, he released Dawn FM and embarked on the After Hours til Dawn Tour in July of the same year. The tour is still ongoing, and according to Variety, it has generated over $350 million in gross sales.

The Superstar has also been involved with entrepreneurial pursuits, e-cigarette manufacturers, and Marvel amongst others. He has worked with A Bathing Ape, Puma, Apple Music, and Alexander Wang, amongst others to release clothing items. The Starboy crooner owns shares in OverActive Media Group, an esports company. He joined Brady’s NFT Platform Autograph as a member of the Board of Directors in 2021. He also sells his branded merch through his company XO.

The Canadian star has also invested in prime real estate. He bought a penthouse in Los Angeles in December 2019 and sold it in August 2023 for $19 million. He also sold a three-acre estate in Hidden Hills, California to Madonna in April 2021 for $20 million. In August of the same year, he acquired a mansion in Bel Air for $70 million.

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The Weeknd's wealth alludes to his musical talent, years of hardwork and smart business investments.