The Weeknd, born Abel Makkonen Tesfaye, is a Canadian singer, songwriter and producer with a net worth of $200 million, according to Celebrity Net Worth.
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The Weeknd Net Worth: $200 Million
He launched his musical career in 2010 on YouTube, releasing three songs that were initially rejected for an R&B album produced by Jeremy Rose, according to WealthyGorilla.com. One year later, he released a mixtape. Fellow Canadian musical artist Drake soon became a fan. Drake invited The Weeknd to collaborate with him, Celebrity Net Worth reports, the first of many musical collaborations between The Weeknd and other talented artists, including Justin Timberlake and Ariana Grande.
In 2012, The Weeknd partnered with Republic Records to launch his own label, XO, as a subsidiary of Republic. Under the major label, he released “Trilogy,” a compilation of his first three mixtapes. A year later he released “Kiss Land,” his first studio album, which landed at No. 2 on the U.S. Billboard top 200 chart.
In 2017, The Weeknd broke a Guinness World Record for the Most Streamed Album on Spotify in One Year with his album “Beauty Behind the Madness.” The Weeknd’s earnings from June 2017 to June 2018 were $90 million. His income dropped the following year, with just $40 million earned between June 2018 and June 2019, according to Celebrity Net Worth.
Nonetheless, his success has allowed him to amass a substantial net worth, not just from his music but from various business ventures, including his XO branded clothing and merchandise line and from collaborations with brands ranging from Marvel to Puma.
The Weeknd Real Estate Ventures
The Weeknd owns multiple properties across Los Angeles, including a Beverly Hills penthouse that he purchased in December 2019 for $21 million. He also owns a $70 million, 33,000-square-foot mansion in Bel Air with two swimming pools (indoors and out), a sports court, a home theater, private gym and a recording studio, according to Celebrity Net Worth.
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