The Weekend’s career brought him huge fortune as he is one of the greatest musicians of all time. With that being said The Weeknd’s net worth is estimated to be $300 million in 2023 and is expected to grow more in 2024.
33 year old Abel Makkonen Tesfaye, who also goes by the stage name, The Weeknd is a singing celebrity of the world. The Canadian is not just a singer but also a songwriter and as well as a record producer.
The Weeknd is believed to have started his career back in the year 2009. He used to release music on YouTube anonymously.
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The Weeknd’s Sources Of Income
Entertainers from the entertainment industry may have their primary source of income from what they do primarily but these days most of them always have multiple sources.
The Weeknd earns the majority of his income from his music career itself because his albums and singles sell millions of copies globally.
Being a musician these are some basic sources of income but now there have been many sources for them to earn that extra few thousand dollars. Let us have a look at some of the sources of income of The Weeknd.
- Music Sales
Yes, as mentioned earlier, The Weeknd like most other artists earns the majority of their income through the sale of their music. Their albums and singles are sold worldwide. The more copies are sold the more is the income. The Weeknd has earned a massive reputation in the industry and therefore there’s almost zero percent chance that his music will not sell many copies. In the year 2020, The Weeknd had ranked among the top earners having an estimated income of $94 million.
- Streaming Royalties
Streaming royalties is one of the most trendy income sources for artists these days. There are many streaming platforms like Amazon Music, Spotify, YouTube Music, and many more. Each of these streaming platforms offer an average payout per system to the artists. Artists making the most streams receive payment from the streaming companies.
Touring is what majority or all artists do and it is a great way of earning huge income. Famous artists like The Weeknd have grossed more than $350 million so far on his worldwide tour. Ticket prices are not cheap for artists like them, which is a direct income for the artist and also a great way for them to engage directly with their fans.
Endorsement is a form of advertising where a famous personality is brought on-board by a brand to promote its products and services. The companies that The Weeknd endorses include Alexander Wang, Apple Music, Blue Bottle Coffee and H & M. He is the global brand ambassador and creative collaborator for Puma.
The Weekend’s Net Worth in 2024
Canadian artist The Weeknd has become a worldwide fame who has never failed to keep his listeners entertained through his unique style of singing and music.
His net worth is expected to continue to grow in 2024 with the artist releasing more and more albums and singles. Additionally, he is working on a new album which he is planning to release in 2024, and he is also scheduled to go on a tour as well. It is also being speculated that the 33-year old will be signing a new endorsement deal in 2024.
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