Do you ever find yourself curious about the immense wealth of the Weeknd? This Canadian artist, renowned for his talents in singing, songwriting, and producing, possesses a significant fortune.

He has achieved an iconic status, with numerous hits and accolades under his belt.

In May 2023, The Weeknd’s net worth stands at $300 million.

This post will explore the methods he employed to amass significant wealth.

Early Life

Abel, also known as The Weeknd, was born on February 16, 1990 to Makkonen and Samra Tesfaye. The couple migrated from Ethiopia to Scarborough, Ontario in the 1980s.

Regrettably, when Able was a child, his father left him, resulting in him being primarily raised by his mother and grandmother.

To support the family, his mother juggled two full-time jobs while also attending night school.

During his childhood, Able went to West Hills Collegiate Institute and Birchmount Park Collegiate Institute.

He didn’t thrive in an academic setting, leading to his expulsion from one school and his voluntary withdrawal from another within a mere six months of enrollment.

Having come to the realization that he had lost interest in attending school, he opted to leave and reside in a one-bedroom dwelling with a group of friends. From that point forward, he wholeheartedly committed himself to pursuing a career in music.

Career: Early Stages

He adopted his stage name after he decided to drop out of high school and leave his family’s house, never to return, during a weekend.

The Weekend encountered Jeremy Rose, a producer, following a few years of creating music independently.

For some time, Rose had been toying with the idea of “black R&B” and identified The Weeknd as the perfect star to lead the charge.

Rose produced several tracks featuring The Weeknd’s vocals, which were subsequently uploaded to YouTube. The music swiftly garnered a significant fanbase, attracting even the notice of Drake.

The Weeknd’s debut release, House of Balloons, was a mixtape that showcased the artist’s talent. This CD included tracks from various producers, among them Jeremy Rose.

The project achieved tremendous success, earning Drake’s admiration once again. Drake attended The Weeknd’s early performances and eventually approached him to discuss the possibility of collaboration.

Following that, the two Canadian artists embarked on a tour together, where The Weeknd primarily served as Drake’s opening act.

Many major record labels expressed interest in signing The Weeknd after he released two more mixtapes.

Career: Superstar Status

In 2012, The Weeknd embarked on a tour across the United States and Europe. Following this incredible journey, he entered into a partnership with Republic Records, establishing his very own label called XO.

Republic Records is the parent company of XO Records, which is The Weeknd’s record label.

During their romantic partnership, Trilogy, which is a compilation of The Weeknd’s initial three mixtapes, was released. The album achieved significant success, securing the fourth spot on the US Billboard 200 chart.

A year after its release, his debut studio album, Kiss Land, was published. Featuring collaborations with Drake on multiple tracks, the album made an impressive debut at number two on the prestigious US Billboard top 200 chart.

Afterwards, The Weeknd embarked on several years of touring and collaborating with renowned artists such as Justin Timberlake and Ariana Grande.

Released in 2015, The Weeknd’s sophomore album, Beauty Behind the Madness, swiftly ascended to the pinnacle of the Billboard 200, propelled by sales of 412,000 copies in its inaugural week.

After selling 1.5 million copies worldwide, it eventually achieved platinum status.

The Weeknd achieved a remarkable feat by becoming the first male artist to dominate the top three spots on the Billboard Hot R&B Chart with all three singles receiving platinum certification.

His third studio album Starboy was released in 2016, featuring multiple appearances by the renowned French electronica band, Daft Punk.

In 2018, The Weeknd released My Dear Melancholy after engaging in collaborations with several other musicians and embarking on a tour once more.

In 2017, The Weeknd witnessed a remarkable surge in his net worth as he achieved a significant milestone. He set a Guinness World Record for the highest number of streams received by an album in a single year on Spotify.

Afterwards, The Weeknd has dropped two studio albums, namely After Hours (2020) and Dawn FM (2022). The former astonishingly shattered the record for the highest number of pre-adds for an album in the Apple Music Industry.

It made its debut at the second spot on the Billboard 200 chart, with 148,000 album units sold.

Awards

With his remarkable achievements, The Weekend has established his dominance in the music industry.

He is the proud recipient of four Grammys, twenty Billboard Music Awards, six American Music Awards, two MTV Video Music Awards, and seventeen Juno Awards.

In addition, he has been nominated for an Academy Award, a Latin Grammy Award, and a Primetime Emmy Award.

In October 2014, The Weekend was bestowed with the prestigious Allan Slaight Honour by Canada’s Walk of Fame. This recognition commended The Weekend for his remarkable impact in various domains such as music, film, literature, visual or performing arts, sports, innovation, or philanthropy, ultimately contributing to the betterment of these fields.

In honor of his Super Bowl halftime show, Mayor John Tory of Toronto proclaimed February 7, 2021, as “The Weeknd Day.”

Business Ventures

Not only has he achieved success as an artist, but he has also emerged as a skilled businessman, effectively leveraging his involvement across different industries to significantly enhance his wealth.

WME-IMG acquired UFC in 2016 for a staggering $4 billion, thanks to the support of celebrities who contributed to the financing.

The Weekend along with renowned personalities like Calvin Harris, Adam Levine, LL Cool J, Jimmy Kimmel, Conan O’Brien, among others, made a collective commitment of no less than $250,000 towards the cause.

The Weeknd has formed partnerships with condom manufacturers, e-cigarette brands, and Marvel. Additionally, he represents the Puma brand as an ambassador and is recognized as one of the notable figures of Apple Music.

In addition to his music career, The Weeknd is known for his passion for fashion and has his own line of merchandise branded as “XO.” He frequently partners with renowned brands like A Bathing Ape and collaborates with esteemed designers like Alexander Wang.

The Weekend Net Worth

By May 2023, The Weeknd’s total assets amount to $300 million, which he has amassed through his music sales, touring, merchandise, and streaming.

Afterward, he had the opportunity to explore the business realm, whereby his ventures successfully generated an additional source of income for the icon.

His value will steadily increase over time, ensuring that his name maintains its position as the top on the charts.

Key Takeaways

Take a risk

Leaving his home one weekend, The Weekend embarked on a journey to pursue his dreams, never to return. Despite its uniqueness and risks, he fearlessly devoted himself entirely to music. Fortunately, his bold decision paid off, and he achieved immense wealth, now worth millions.

Taking a leap of faith and relying on your intuition is necessary at times. Such a bold step could potentially elevate your career to new heights.

 Diversify your income sources

The Weekend has taken measures to establish multiple streams of income, ensuring that even if one aspect of his business falters, he can still depend on other ventures.

Protecting your wealth and securing long-term success can be achieved through this intelligent approach.