Want to know how The Weeknd amassed his massive wealth? Here at RachelParris, we delve into the intricate details of The Weeknd's 2024 net worth, earnings, real estate investing, and financial strategy.
Let’s explore how this music icon turned his talents into a multi-million dollar empire.
Quick facts
| fact | detail |
|---|---|
| real name | Abel Makonen Tesfaye |
| popular name | weekend |
| gender | male |
| date of birth | February 16, 1990 |
| age | 34 |
| parents | Markkonen Tesfaye, Samravit Hailu |
| brothers and sisters | not applicable |
| place of birth | Toronto, Ontario, Canada |
| Country of Citizenship | Canadian |
| Race | Canadian citizen of Ethiopian descent |
| educate | Birchmont Park College, Western Hills College |
| marital status | single |
| sexual orientation | straight |
| wife/spouse | not applicable |
| children | not applicable |
| Dating | not applicable |
| net worth | US$300 million |
| source of wealth | music, real estate, investment |
| high | 5 feet 8 inches (1.73 m) |
What is Weekend's net worth in 2024?
As of 2024, The Weeknd has an estimated net worth of $300 million, placing him among the music industry's elite.
In comparison, his wealth is second only to Justin Bieber, also estimated at $300 million, and significantly higher than that of Drake, estimated at $250 million. Other notable names include Bruno Mars (estimated at $175 million); Billie Eilish (estimated at $50 million); Lana Del Rey (estimated at $30 million) Dollar.
Interestingly, even after Michael Jackson's death, his estate was still negative $500 million due to debt and legal issues. This speaks to The Weeknd's superior financial acumen and success in the music industry.
What is the weekend salary/income in 2024?
The Weeknd's annual earnings continue to soar in 2024, driven largely by his music sales, streaming revenue and lucrative tours.
With lucrative earnings from his concert tours and high-profile collaborations, he easily earns around $90 million per year while touring.
His diverse income streams have cemented his status as one of the highest-paid entertainers in the world.
Weekend Financial Overview
How to build wealth over the weekend
He began his career by posting music anonymously on YouTube and quickly gained attention. His early collaborations with Drake helped him rise to fame.
His mixtapes like House of Balloons paved the way for his breakthrough. Albums like “Beauty Behind the Madness” and “Starboy” not only topped the charts but also generated a massive revenue stream, contributing significantly to his overall wealth.
music sales revenue
He has sold more than 75 million records worldwide. His albums have been performing well, receiving multiple platinum certifications.
Beauty Behind the Madness sold 412,000 copies in its first week, while Starboy debuted at No. 1 on the Billboard 200, selling 348,000 copies.
The streaming era has also been good for The Weeknd, with his hit single “Blinding Lights” becoming Spotify's most-streamed song in history.
Tour and concert income
Touring is The Weeknd's main source of income. His Starboy: Legend of the Fall and After Hours Til Dawn tours have grossed millions of dollars and sold out shows around the world.
His ability to attract large crowds and sell tickets at high prices significantly increased his income.
real estate investment
He has made strategic real estate investments that have contributed to his wealth. In 2019, he purchased a Los Angeles penthouse for $21 million and a Bel Air mansion in 2021 for $70 million.
His real estate portfolio includes not only luxury properties but also high-value assets that appreciate over time, thereby increasing his net worth.
Business Venture Capital
In addition to music and real estate, he is also involved in various business ventures.
His XO brand, partnerships with major companies like Puma and Apple Music, and investments in companies like esports company OverActive Media Group have diversified his income streams.
He also launched the XO Humanitarian Fund, showing his philanthropic side while maintaining financial growth.
Philanthropy and its financial impact
Not only was he a successful artist, he was also a committed philanthropist. His notable contributions include donating $1 million to relief efforts in Ethiopia and launching the XO Humanitarian Fund in partnership with the World Food Program.
These efforts, while philanthropic, also enhanced his public profile and cemented his legacy.
Awards and recognition
Throughout his career, The Weeknd has received numerous honors, including 4 Grammy Awards, 20 Billboard Music Awards, and 22 Juno Awards.
These recognitions not only validated his talent but also increased his marketability and earning potential.
FAQs about The Weeknd Hotel
What is weekend's real name?
The Weeknd’s real name is Abel Makkonen Tesfaye.
Where was the weekend born?
He was born in Toronto, Ontario, Canada.
How did he start his music career?
He began his career in 2009 by posting music anonymously on YouTube.
What are The Weeknd’s biggest hits?
Some of his hit songs include “Blinding Lights”, “Starboy” and “Can't Feel My Face”.
Has he won any Grammys?
Yes, he won four Grammys.
What philanthropic endeavors is The Weeknd involved in?
He has donated $1 million to various causes, including $1 million to relief efforts in Ethiopia and in partnership with the World Food Program.
Who has he worked with?
He has collaborated with artists including Drake, Daft Punk and Ariana Grande.
What business activities was he involved in?
He has investments in real estate, XO Brands and other areas, and has invested in companies such as OverActive Media Group.
What’s The Weeknd’s most played song?
“Blinding Lights” is his most played song on Spotify.
What is The Weeknd’s educational background?
He attended Western Hills College and Birchmont Park College, but did not graduate.
in conclusion
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