He had to pay approximately 50 million over price. He won’t make it back by selling the house is my point. Who cares about his other sources of revenue!
I love it!! My boy Abel is a genius! Love this guy! Best of today's artists by far! I thank Drake for finding this gem, that's all I can say about his contribution to music.
Abel seems very interested in real-estate. But this 70M palace is a very high risked investment. Because if he wants to sell it someday then also this palace gonna give a big headache. Just best wishes for his future ❣️
There are multiple mansions in that same area that are priced above $80 million. Also, there was a Real Estate Agents YT video where they discussed if it was worth what he paid and the consensus was yes it was because it is bespoke and one of a kind and there are always wealthy buyers for that sort of property
That mansion doesn't look like being foreseen as just "a new home" for Abel to live in, but more like the headquarter of a company, which he already founded or will found (something like "Abel Enterprises"), too. He's busy with so many things, he's not only active in making music for himself, probably he's more and more active to also create for others. And I don't think that Abel was in need to put a mortgage on that mansion at all. Investing in real estate save tax, and is therefore the most clever thing to do with sufficient available money. Furthermore Abel sold his mansion in Hidden Hills, and most likely also his luxury apartment in Beverly Hills. Means, the missing amount for that investment wasn't that big, as it looks at first sight.
Guessing he can have a lot of friends, visitors, business deals, creative deals etc. within the privacy of his own digs. Location, location, location without the paparazzi annoyance. "Hotel Tesfaye"
If MC Hammer couldn’t keep his $20 million mansion in the 90s, this guy won’t hold on to a $70 million mansion when the dust eventually clears from this pandemic. Bless his heart, but this can’t be a sound financial decision.
For those saying he made a bad decision and needs to invest… a house is an investment , one of the smartest investments you’ll ever make. Y’all must not own homes. Lol. He’ll be fine.
It’s an investment alright but not necessarily a wise one. I don’t think his net worth is $100m, I believe it’s more but even if he has $200m-$300m, this is still a pretty high risk investment. The house was overpriced. Unless he plans to make this home his base, he won’t get a good return on this house anytime soon. He obviously took out a hefty mortgage on the house and with the mortgage + taxes + bills, it could cost him hundreds of thousands to a million a month which doesn’t make sense cause those costs will equal the very, very small profit he will make if anyone decides to pay more for the house when he sells it which I highly doubt. If he was planning to renovate the house, that could’ve been a really good investment but given the fact that the house is near new, that is unlikely. A full renovation at 33,000 square feet can cost up to $1000 per square foot and he won’t need to do that. Most likely he know what he’s doing and only he knows how much money he has.. I wish him the best.
@@HM-xi5zi Yes, clearly he has a terrible financial adviser! A good idea is to spend no more than 2 million dollars on a house (even when you rich) or buy several cheaper properties, rent them out (have them earn passive income) while also purchasing land (preferably fertile land)... And in his case, I wouldn't take ANY purchase with a mortgage, lesson 101 : pay off your house asap
buying this type of house for that amount of money is not an investment. Its probably one of the stupidest things u can do unleess u have infinite money. This is a house a billionaire should own. For anybody worth less than 300 million its a gamble.
you are all crazy if you believe that he bought this house for 70 million dollars ..the house was never on the markt ... i don t believe it al all . the renovation was just about changing the furniture and painting the wall orange .that s not renovation ... the dutch couple are liars and so is the weeknd ...
Buying a home is cool, but the upkeep and maintenance will be through the roof. I wish artists were a little smarter about their money. His next 3 albums better be largely successful or he'll have to move out sooner.
100 million was his worth in 2017 ...😑... He's way bigger after his enormous success...over 200 million now . and his after hours tour is soon to come where he will earn 2.5 mil per concert . 👀☠️ So if there are atleast 70 concerts so 70 * 2.5 million = 👀
@@trustgodalways3025 he is gonna earn another 200 million more from his tour ... nothing big of a deal for him. And on top of that He is sponsored by puma, Bacardi and mercedes 😂.. . Money goes brr. So nothing wrong if he want to spend some of what he earns .❤️
So discussing we all are living in a pandemic people are dying children starving jobs are being lost.Alot is going on and your flaunting a rich dudes wealth. You entertainment tonight are some sick people who cares 🙄 about this crap.
You worth a little over 100 million, and spend that much for a house. You also have to pay for the upkeep, smh. These millionaires spend like they are billionaires.
This video shows clearly how much Abel Tesfaye has profited by playing the body double (NOT THE VOICE OR COMPOSER) of The Weeknd real singer/composer of The Weeknd André Martins Fachada.
Actually, Abel Tesfaye is not the singer/composer of The Weeknd. He may not be OK. It sort of depends on the legal definition of Doppelganger (a person who intentionally impersonates another person using his intellectual property as his own) The real The Weeknd is André Martins Fachada who has been doing this with Jennie Kim of BLACKPINK FOR ABOUT 11 YEARS, so there is a lot of metadata to substantiate the technical situation on all streaming platforms, in the cloud, on satellite, on Pegasus, with the NSA, FBI, DOJ, MI6, Policia Judiciaria and PSP in Portugal, the IGAI Ministry of Interior in Portugal, Prime MInister Antonio Costa, former President Barack Obama, President Joe Biden, Nicola Sturgeon of Scotland, all three Constables of Police Scotland, as well as Stephen House one of the Chief Constables of Scotland before he took over as acting commissioner on 10 April 2022, after Cressida Dick announced her resignation in February.
I really don’t understand why you would even though you can. Might as well save it up instead or give out to feed the destitute or cancer research or covid research. Smh celebrities 🤢🤮
So he paid more than 3 times what it’s worth???!!! So, basically, HE JUST THREW AWAY MILLIONS!! There’s no flipping that house for profit!
He’s left with 30 million right ? He’ll make that money back in no time
He had to pay approximately 50 million over price. He won’t make it back by selling the house is my point. Who cares about his other sources of revenue!
@@richierich2229 that 100 million was in 2017 bro... he will be over 200 right now
@@bartley6879 The amount of 70 MILLION USD alone should have been a wake up call to say "never"
dutch owners paid 21 mil back then that was 6 years ago
I love it!! My boy Abel is a genius! Love this guy! Best of today's artists by far! I thank Drake for finding this gem, that's all I can say about his contribution to music.
It ain't tricking if you got it, well deserved weekend 😂
*weeknd
Abel seems very interested in real-estate. But this 70M palace is a very high risked investment. Because if he wants to sell it someday then also this palace gonna give a big headache. Just best wishes for his future ❣️
Abel ❤️❤️❤️❤️
Exactly 💯!! Beside rich ppl and celebs you know gonna buy that high price ass house shidd
There are multiple mansions in that same area that are priced above $80 million. Also, there was a Real Estate Agents YT video where they discussed if it was worth what he paid and the consensus was yes it was because it is bespoke and one of a kind and there are always wealthy buyers for that sort of property
The abel house is great 70 million! 😱Wow god bless him.
That mansion doesn't look like being foreseen as just "a new home" for Abel to live in, but more like the headquarter of a company, which he already founded or will found (something like "Abel Enterprises"), too. He's busy with so many things, he's not only active in making music for himself, probably he's more and more active to also create for others. And I don't think that Abel was in need to put a mortgage on that mansion at all. Investing in real estate save tax, and is therefore the most clever thing to do with sufficient available money. Furthermore Abel sold his mansion in Hidden Hills, and most likely also his luxury apartment in Beverly Hills. Means, the missing amount for that investment wasn't that big, as it looks at first sight.
Him mother must be proud of him !😍🤩
Why would a person want that big of a place? Unless you got lots of family, kids and friends moving in.
Guessing he can have a lot of friends, visitors, business deals, creative deals etc. within the privacy of his own digs. Location, location, location without the paparazzi annoyance. "Hotel Tesfaye"
@@fiftyplus1180cringe
If MC Hammer couldn’t keep his $20 million mansion in the 90s, this guy won’t hold on to a $70 million mansion when the dust eventually clears from this pandemic. Bless his heart, but this can’t be a sound financial decision.
MC Hammer had 2 huge albums, and one major hit. The Weeknd is a hit machine. Big difference.
@@williamschopp2933 let's review this in 10 years.
@@thehighend4545 Ok reply to this on August 26th, 2031 😁👍
Challenge on!
@@williamschopp2933 here's hoping to return here in august 26, 2031! well wishes and try to live the best life!
For those saying he made a bad decision and needs to invest… a house is an investment , one of the smartest investments you’ll ever make. Y’all must not own homes. Lol. He’ll be fine.
It’s an investment alright but not necessarily a wise one. I don’t think his net worth is $100m, I believe it’s more but even if he has $200m-$300m, this is still a pretty high risk investment. The house was overpriced. Unless he plans to make this home his base, he won’t get a good return on this house anytime soon. He obviously took out a hefty mortgage on the house and with the mortgage + taxes + bills, it could cost him hundreds of thousands to a million a month which doesn’t make sense cause those costs will equal the very, very small profit he will make if anyone decides to pay more for the house when he sells it which I highly doubt. If he was planning to renovate the house, that could’ve been a really good investment but given the fact that the house is near new, that is unlikely. A full renovation at 33,000 square feet can cost up to $1000 per square foot and he won’t need to do that. Most likely he know what he’s doing and only he knows how much money he has.. I wish him the best.
@@HM-xi5zi Yes, clearly he has a terrible financial adviser! A good idea is to spend no more than 2 million dollars on a house (even when you rich) or buy several cheaper properties, rent them out (have them earn passive income) while also purchasing land (preferably fertile land)... And in his case, I wouldn't take ANY purchase with a mortgage, lesson 101 : pay off your house asap
buying this type of house for that amount of money is not an investment. Its probably one of the stupidest things u can do unleess u have infinite money. This is a house a billionaire should own. For anybody worth less than 300 million its a gamble.
@@zlatanibrahimovic5746 you don’t know what kind of money he will make in the future. He will grow into it.
you are all crazy if you believe that he bought this house for 70 million dollars ..the house was never on the markt ... i don t believe it al all . the renovation was just about changing the furniture and painting the wall orange .that s not renovation ... the dutch couple are liars and so is the weeknd ...
And the Dutch couple are probably excited they can move out of California!
Great house Abel!
Hard work pays off
Real prince of Bel air son
WEEKND IS DESERVING OF THIS!!! MONEY TALK$
And why not ??? The Weeknd deserves it !!!
Age is a factor 35 years from now he will make a profit
Good for him! I'm sure he works hard
Personally i dont get it. This is architecture from the year 1900.
The outside is 1900s vibe but the inside? Wheeew breathtaking
Nice work if you can get it. Looks like a damn fine Mansion.
The Weeknd: I've got a brand new place, I think I seen it twice all yearrrr ;)
The agent got a chunk of the money. Abel will be broke in 5 years. He needs to invest his money in a better, wiser, way.
He has a net worth of a 100 million dollars. He does not care.
@@emoticon5765 He has 600 million dollars, according to WSJ.
Wow look at you judging a rich guy on how to spend lol why don't make ur money instead of blabbing the weekend is worth 300 m btw
No way you said hes gonna be broke 🤣 do u even know who he is?
@@sourrrx forgive him ,he just blabbering
He should've moved to the Bridle Path.
NOT BAD FOR STARTERS 👌🏽🤵🏽👌🏽
Buying a home is cool, but the upkeep and maintenance will be through the roof. I wish artists were a little smarter about their money. His next 3 albums better be largely successful or he'll have to move out sooner.
Taxes in CA are also very high.
He will become a billionaire this year or next. It's cheap enough for him.
@@hgspknnno he won't😂😂😂
Hey I'm a big fan
Wow👍🏽
Definitely took my breath away
Today's video is so interesting
*I'm sitting in a cubicle*
you probably need a GPs for that house! on the one hand ideal for playing hide and seek!
WOW!!!!😭😭❤️❤️
Thought you'd at least give us a tour inside the mansion all you showed is the pics ET 🙄
Why does 1 person need so much space?
So, he is left with only 30 million
Still a lot
Only??
Do y'all not know the difference between net worth and how much a person can actually have in the bank ?
$70 Million?!?!?! WOOOOW
I Love Abel ( the weekend) but he spent more than half of his Worth in one house he is crazy? um
*weeknd
Not more than half of his worth his worth is 160 million now
The beginning of the end folks....
The weeknd is the new will Smith. #freshprince
So he's worth 100mil and he bought a house worth 70mill? Yeah,....smart 🙄
100 million was his worth in 2017 ...😑... He's way bigger after his enormous success...over 200 million now . and his after hours tour is soon to come where he will earn 2.5 mil per concert . 👀☠️ So if there are atleast 70 concerts so 70 * 2.5 million = 👀
Avinash Rawat Still don't make him any smarter if he's worth 200million or whatever and buying 70million houses.....
@@trustgodalways3025 he is gonna earn another 200 million more from his tour ... nothing big of a deal for him. And on top of that He is sponsored by puma, Bacardi and mercedes 😂.. . Money goes brr. So nothing wrong if he want to spend some of what he earns .❤️
Avinash Rawat you're beginning to sound like his publicist, ijs 😏
@trustgodalways3025 this dick cheese sounded jealous
He sold his soul for that home... 😔
LOL probably to Drake
So discussing we all are living in a pandemic people are dying children starving jobs are being lost.Alot is going on and your flaunting a rich dudes wealth. You entertainment tonight are some sick people who cares 🙄 about this crap.
It’s Entertainment Tonight….. go watch another news source if you don’t want this type of content
ʜᴇ ᴡᴏʀᴋᴇᴅ ʜᴀʀᴅ
they worked hard for it
You worth a little over 100 million, and spend that much for a house. You also have to pay for the upkeep, smh. These millionaires spend like they are billionaires.
I don’t understand why one person needs so much. I would be embarrassed to own a home like this but that’s just me.
So if i give you a house like this you aint living in there?
@@ABSayysO nope I would sale it
I like him house omg💔💔💔💔
i see him going broke lol
That's a great way to spend all your money. He won't be "The Weeknd" forever...
Did he buy this huge mansion so Angelina and all her kids can move in?
😂😂😂😂😂😂😂😂
did not get much of a 'see' inside wow
Let's see what happens. When he no longer sells or makes recordings his money goes pfft.
This video shows clearly how much Abel Tesfaye has profited by playing the body double (NOT THE VOICE OR COMPOSER) of The Weeknd real singer/composer of The Weeknd André Martins Fachada.
Who's that?
Actually, Abel Tesfaye is not the singer/composer of The Weeknd. He may not be OK. It sort of depends on the legal definition of Doppelganger (a person who intentionally impersonates another person using his intellectual property as his own) The real The Weeknd is André Martins Fachada who has been doing this with Jennie Kim of BLACKPINK FOR ABOUT 11 YEARS, so there is a lot of metadata to substantiate the technical situation on all streaming platforms, in the cloud, on satellite, on Pegasus, with the NSA, FBI, DOJ, MI6, Policia Judiciaria and PSP in Portugal, the IGAI Ministry of Interior in Portugal, Prime MInister Antonio Costa, former President Barack Obama, President Joe Biden, Nicola Sturgeon of Scotland, all three Constables of Police Scotland, as well as Stephen House one of the Chief Constables of Scotland before he took over as acting commissioner on 10 April 2022, after Cressida Dick announced her resignation in February.
Fuck you talking bout ?
That’s too much money and he’s still new in showbiz. He will end up broke like MC Hammer.
New ? He's been out since like 2009/10
Are you kidding me.....😂😂.you are comparing the Weeknd success to MC hammer bruh....Weeknd is one of the most paid musicians bro.
Over compensating for something. TRUE strength comes from NOT purchasing things you KNOW you can. Sad, he doesn’t have that.
tax the rich 🤑!!!!!!
If I have this house I will immediately have 20 children 🤷I can't live inside of this house myself impossible! Better do fostering + my children.
Absolutely STUPID purchase. He'll surely regret this one. It's simply not worth what he paid for it.
He spent that much on a horrible preference 😬
Husband has great Taste, cant wait to live there with hubby 🤭🤭
ya se mudó o qué mor
I really don’t understand why you would even though you can. Might as well save it up instead or give out to feed the destitute or cancer research or covid research. Smh celebrities 🤢🤮
Hater😂
He has donated a lot so far and I am sure he will continue to do so
Now about his face......
Who cares that's not important there's more stuff that's important