Luis Fonsi Net Worth

How much is Luis Fonsi worth?

Net Worth:$20 Million
Profession:Professional Singer
Date of Birth:April 15, 1978 (age 44)
Country:Puerto Rico
Height:
5 ft 6 in (1.7 m)

About Luis Fonsi

Luis Fonsi, whose full name is Luis Alfonso Rodriguez Lopez(-Cepero) is a Puerto Rican actor, singer, and songwriter. His music career started in the late 1990s. He became an international superstar in the late 2010s with the release of his mega-hit “Despacito” which features fellow Puerto Rican artist Daddy Yankee.

After the release of “Despacito”, it is estimated that Luis Fonsi earned income equal to a salary of $7 million dollars per year until 2019.

Puerto Rican singer, songwriter and actor Luis Fonsi has an estimated net worth of $12 million dollars, as of 2023. Fonsi is best known for the Daddy Yankee featuring song, “Despacito”.

As of now, his single has broken six Guinness World Records and sold more than eleven million records. Also, until November 2020, the music video of the song held the record for the most-watched YouTube video more than seven billion views.

Luis Fonsi first gained fame in Latin America with his early (Spanish-speaking) studio albums Comenzare, Eterno, and Amor Secreto. He was born on April 15, 1978, in San Juan, Puerto Rico. He is the oldest of three children to Alfonso and Delia Rodriguez. His younger brother, Jean Rodriguez, is also a singer with whom he has created multiple music projects. His family moved to the United States in the late 1980s. He attended the Dr. Phillips High School, where he first began singing and even took part in a group called Big Guys.

In 1995, after his graduation, he enrolled at the Florida State University, in which he studied music and joined the school’s choir. Eventually, he left the university as he received offers from various labels and decided to pursue his music career instead. By early June 1997, he was offered a recording deal from the label Universal Music Latino, with whom he remains associated to this day.

The international hit “Despacito” not only helped the Puerto Rican superstar find international success but also become a multi-millionaire.

A few years before he became a millionaire, Luis released his debut studio album in September 1998 titled Comenzare. The album wasn’t a massive commercial success like his future work would be; but in the end still managed to sell over 100,000 copies and receive a platinum certification by the RIAA.

Throughout the early 2000s, he continued to release new music and accumulate earnings from the sales and promotions of his music. He found a lot of success with his second and third albums Eterno and Amor Secreto, both of which peaked in Latin American countries.

In 2002, after securing an additional deal Fonsi released his very first English studio project – the album Fight the Feeling. Despite failing to find commercial or critical success, the album helped the artist receive additional fan support from the United States.

What makes this singer so successful is his ability to not only sing but act as well. After releasing five more albums, all of which were very successful on music charts in countries such as Spain, Mexico, and the United States, Luis Fonsi’s career finally hit its peak with the release of “Despacito”. The song, which is in collaboration with fellow Puerto Rican Daddy Yankee, was released in January 2017.

It topped every possible Latin Billboard chart and its official music video became the most viewed in the entire world. Continuing the momentum of his mega-hit, that year, Fonsi released a collaboration with Demi Lovato titled Echame La Culpa, which was a similar success.

Concurrently with releasing new music, including a new tenth studio album named Vida, the Puerto Rican superstar transitioned into acting. His very first appearance on television was in the film Como Agua Para Chocolate, released in 1992. A few years later, he starred in many television series such as Amantes de Luna Llena, Corazones al limite, and Taina. In addition to these, he has also continuously made guest appearances on singing competitions such as Lip Sync Battle, The Voice, and Songland, as well as multiple late-night talk-shows.

Fonsi’s Total Net Worth

Luis Fonsi has earned estimated total career income of $35 million dollars. As Fonsi lives in the state of Florida, he will have had to pay around 36% in taxes on his career income. After tax, it is estimated that his career earnings are at around $22.4 million dollars, having paid $12.6 million dollars in taxes.

Luis Fonsi married Adamari López in 2006 and they divorced four years later, in 2010. They had two children together, Mikaela López-Cepero and Rocco Rodriguez López, and when the marriage was over it is estimated that Fonsi paid her a divorce settlement of around $1 million dollars. When factoring in spousal and child support that figure is likely around $1.5 million dollars today. Luis later married Águeda López in 2014 and they remain together.

In his personal life Fonsi has likely spent $2-3 million dollars of his career earnings but also earned $3 million dollars from his investments. He will have also had to pay around $2.5 million dollars in business related costs. Therefore, it is estimated that Luis Fonsi has a net worth of about $20 million dollars.

Summing-Up

Luis Fonsi is one of the most popular and beloved Latin American singers to ever emerge from the 1990s. His name skyrocketed with the release of “Despacito”, a song that literally broke records and won multiple awards. In addition to that, in just three years, the single also became one of the best songs of the century. Now, the multi-millionaire continues to make a name for himself and release commercially successful hits and albums that are listened not just in Latin America but all over the world.

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