How much is Maluma worth?
| Net Worth: | $12 Million |
|---|---|
| Profession: | Professional Singer |
| Date of Birth: | January 28, 1994 (age 29) |
| Country: | Colombia |
| Height: | 5 ft 9 in (1.77 m) |
About Maluma
Maluma is the stage name of Juan Luis Londono Arias. He is a Colombian actor, singer, and songwriter. His music career started in the early 2010s and shortly after, he landed deals with the giants Sony Music Colombia, Sony Latin, and Fox Music. Maluma’s breakthrough came with his sophomore album titled Pretty Boy, Dirty Boy, released in 2015.
Since then, he has released four critically-acclaimed albums and multiple chart-topping collaborations with the likes of Shakira, Anitta, Madonna, Becky G, J Balvin, Ricky Martin, Jennifer Lopez, and The Weeknd. Since 2019, it is estimated that Maluma has earned income equal to a salary of $3-4 million dollars per year.
Maluma became famous after the release of his second album Pretty Boy, Dirty Boy. Juan was born on 28 January 1994 in Medellin, Colombia. He’s the youngest of two children to Marla and Luis Londono. He has an older sister, Manuela. When he was a toddler, he began playing football. He continued to play the sport through middle school and competed in numerous lower divisions for teams like Atletico Nacional and Equindad Sports Club.
In his teen years, he developed an interest in music and began singing at the age of fifteen. That year, he composed the song “No Quiero”, which was recorded in a studio a year later. Towards the late 2000s, he developed the stage name Maluma, which comes from the first two letters of his family – Ma(rla), Lu(is), and Ma(nuela). His professional music career began in 2010 with the release of his debut single “Farandulera”, which became a radio hit.
Working with international superstars such as Shakira, Ricky Martin, J Balvin, and Madonna, as well as signing with giants such as Sony Music and Sony Latin helped Maluma become a millionaire in under a a decade. Almost immediately after he released his debut single, Maluma landed a recording deal with Sony Music Colombia. In 2012, he released his debut studio album – Magia.
He continued to compose and produce new music throughout the next few years. His breakthrough came in 2015 with his sophomore album Pretty Boy, Dirty Boy. The album was met with positive reviews and it peaked in multiple charts such as Argentina, Mexico, Spain, Uruguay, and Venezuela. It also became his first project to receive gold and platinum certifications in three different albums – Brazil, Mexico, and the United States.
To further promote his work, the singer embarked on his very first world tour. By the early months of 2017, his net worth was already exceeding an estimated $4 million dollars.
In the mid-2010s, while releasing new music and touring the world to meet his millions of fans, Maluma also began appearing regularly on television. His television debut came in 2011 on an episode of the television series La Voz… Mexico (The Voice Mexico).
Since then, he has taken part in many television series, talk shows, and realities such as Festival Internacional de la Cancion de Vina del Mar, La Voz Kids, Extra with Billy Bush, and The Tonight Show with Jimmy Fallon.
Following the release of his second album, Maluma has continuously released new albums. His third album, F.A.M.E to this day remains his most successful. It entered music charts in fifteen countries around the world and earned gold and platinum certifications in four of them – Brazil, Mexico, Switzerland, and the United States. In the past two years, he released two more albums, titled 11:11 and Papi Juancho, both of which had commercial success.
Maluma’s Total Net Worth
Maluma has earned estimated total career income of $21 million dollars. As Maluma 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 $13.44 million dollars, having paid $7.56 million dollars in taxes.
Maluma is not married and has no children. In his personal life he has likely spent $2-3 million dollars of his career earnings but also earned $2 million dollars from his investments. He will have also had to pay around $1 million dollars in business related costs. Therefore, it is estimated that Maluma has a net worth of about $12 million dollars.
Summing-Up
Maluma is a best-selling Latin artist who began his career in the 2010s. In just a decade he was able to release five acclaimed studio albums, three sold-out worldwide tours, and multiple collaborations with international artists. His latest collaborations with Jennifer Lopez and The Weeknd quickly became worldwide hits with over 300 million streams.
Just recently, his fourth studio album 11:11 earned him his very first Grammy nomination in the category “Best Latin Pop Album”. Other than the Grammy, he’s the recipient of multiple awards such as ASCAP, Billboard, Lattin Grammys, and MTV Awards to name a few.
