How much is Shawn Mendes worth?
| Net Worth: | $43 Million |
|---|---|
| Profession: | Professional Singer |
| Date of Birth: | August 8, 1998 (age 24) |
| Country: | Canada |
| Height: | 6 ft 2 in (1.89 m) |
About Shawn Mendes
Shawn Mendes is a popular Canadian singer and songwriter who has increased his net worth dramatically in the last few years. While still new on the scene and when he was just 19 years old, Shawn earned $30 million dollars in 2018 – making him one of the highest-paid singers in the world at that time. Then in 2019 he earned $55 million coming off the back of his world tour which grossed $90 million dollars.
Mendes began his music career in 2013 by posting videos of himself singing covers of other songs on the video-sharing platform Vine. A year later, he caught the attention of Andrew Gertler and Ziggy Charlton and he was offered a deal with the Island Records label. Since then he has released three music albums, headlined three world tours, and received hundreds of awards and nominations.
Among some of his many accolades are 13 SOCAN, 10 MTV Europe Music, 8 Juno, 8 iHeartRadio, 2 American Music Awards. He was also nominated for three different Grammy wards. In 2018, he was included in the 100 most influential people in the world list by Time magazine.
Shawn Mendes became famous after he posted videos of himself singing covers of different songs. He was born and raised in Pickering, Ontario. At the Pine Ridge Secondary School, Mendes played soccer and ice hockey, however, he then focused his attention on singing and acting. During his teen years, he auditioned for a few series of Disney Channel but was unsuccessful in getting one.
In 2012, at the age of 14, Mendes taught himself how to play guitar after he watched YouTube tutorial videos. A year later, he decided to create an account on the video-sharing platform Vine which in 2013 was blooming and was one of the most used apps. One of his covers, that of Justin Bieber’s song “As Long As You Love Me” was very successful and earned Shawn 10,000 likes and followers. At the time, Shawn saw Justin Bieber as a career model and continued to release six-seconds long snippets of his covers that really helped him gain millions of followers in just a few months time.
As mentioned Shawn Mendes has been experiencing incredible earnings in the last few years through his tours and album sales. While he also has endorsement deals from Emporio Armani, Calvin Klein and Smile Direct Club, the bulk of his earnings comes directly from his music. Personally bringing in an estimated $100 million dollars since his career started. Most of which was over the last two years.
Shawn Mendes began on his road to riches after he caught the attention of Island Records’ artist manager Andrew Gertler. Gertler discovered Mendes online in late 2013 and decided to offer him a recording deal, which Mendes accepted. Before he signed with the record label, the artist won a “Best Cover Song” contest which was held by Ryan Seacrest. He won with his cover of A Great Big World’s “Say Something”.
In June 2014, Shawn released his first-ever song titled “Life of the Party”. At the age of 16, with the song, he became the youngest artist to debut in the top 25 of the Billboard Hot 100. The year was a great start for Mendes’ career as he won a Teen Choice award, toured with Austin Mahone as his opening act, and collaborate with the boy band The Vamps. Also that year, he released his second single “Something Big”.
In April 2015, Shawn released his first-ever studio album called Handwritten. The album immediately debuted at number one on the Billboard 200 chart and sold more than 120, 000 copies in its first week. Ironically, with the album, the talented singer broke his inspiration Justin Bieber’s record for the youngest artist to debut on the chart. To promote his album, Shawn Mendes embarked on his first world tour as a headliner. Also, by the end of 2014 and 2015, Mendes became one of the most influential teens of 2014 and 2015 and was included in many charts.
Shawn Mendes’ success came because he continued to release new music at the peak of his career. His second album was titled Illuminate and it was released in September 2016. To further promote his album, just like he did with his debut album, the artist embarked on a tour titled The Illuminate World Tour. His second album was just as successful as the first and it topped many music charts, including the Billboard 200. Also in 2016, Mendes made his acting debut as he appeared in the CW’s television show The 100. Among some of the hit singles from the album that became emblematic to Mendes were Treat You Better, Mercy, and There’s Nothing Holding Me Back.
The artist continued to thrive in the late 2010s. In the summer of 2017, he became the first artist under the age of 20 to have three number-one songs in the Billboard Adult Pop Songs chart. A few years later, just before he turned 20 years old, Mendes also became the first artist to have three number 1 songs on the Billboard Adult Contemporary.
In 2018, Shawn released three singles “In My Blood”, “Lost in Japan”, and “Youth” before releasing his third self-titled album in May. For a third consecutive time, Mendes’ album topped the Billboard 200 chart among many other charts. It was met with positive reviews by both his fans and the media. To further promote the album, Shawn embarked on Shawn Mendes: The Tour, which became by far the singer’s best tour to date. Thanks to the tour, he was awarded the “Touring Milestone Award” by Ticketmaster.
Ever since he began releasing music, Shawn Mendes became one of the most loved and appreciated pop male artists. Since 2016, he’s been nominated for more than 200 awards, including three Grammys. His album Shawn Mendes as well as its lead single “In My Blood” were nominated for Song of the Year and Best Pop Vocal Album. His third Grammy nomination was for the collaboration with Camila Cabello and their song “Señorita”. The song was released in July 2019 and became a global hit that further boosted the two singer’s popularity. Shortly after, the two began dating and many media outlets accused them of having a relationship for publicity, which both quickly denied.
Mendes’s Total Net Worth
Shawn Mendes has earned estimated total career income of $85 million dollars. Mendes’ 2019 world tour earned $90 million dollars in gross revenue. He has also profited from lucrative endorsements deals with the likes of Calvin Klein and Roots Canada.
As Mendes lives in the state of California, he will have had to pay around 49% in taxes on his career income. After tax, it is estimated that his career earnings are at around $43.35 million dollars, having paid $41.65 million dollars in taxes.
Shawn Mendes is not married and has no children. In his personal life he has likely spent $1 million dollars of his career earnings but also earned $2 million dollars from his investments. He will have also had to pay around $1-2 million dollars in business related costs. Therefore, it is estimated that Shawn Mendes has a net worth of about $43 million dollars.
Summing-Up
Besides being a successful singer and occasional actor, Shawn Mendes is known for being one of the most stylish men in the entertainment business. He has collaborated with many luxury brands such as Louis Vuitton and Saint Laurent. Mendes also graced the covers of many magazines such as Rolling Stone, Billboard, GQ, Wonderland, and Vogue.
Thanks to his unique style, genuine personality, and enchanting singing abilities, Shawn Mendes became one of the most loved pop artists and is frequently dubbed the Prince of Pop.
