Maluma Net Worth 2024: How Much Money Does He Make?
07/17/2024 10:04 PM
Maluma’s net worth is in the spotlight. Over a decade, Maluma has gained a massive fan following, and his collaborations with numerous artists have created a buzz about him amongst the public. People are excited to know about the singer’s net worth and how he accumulated it.
Let’s discover the rise to fame of this Colombian superstar and how he amassed his impressive fortune.
What is Maluma’s net worth in 2024?
Maluma has an estimatednet worth of $22 Millionin 2024.
Maluma, born Juan Luis Londoño Arias, is a Colombian singer and songwriter known for his contributions to Latin pop music. He gained fame with his debut album Magia in 2012, followed by successful albums like Pretty Boy, Dirty Boy, and F.A.M.E. He also expanded his career into acting, starring alongside Jennifer Lopez in the 2022 rom-com Marry Me. Maluma’s popularity and talent have made him a staple in Latin pop for over a decade.
Maluma’s earnings explained — how does he make money?
Maluma is a well-known Colombian singer, songwriter, and record producer. He has earned his wealth through various sources, including music, concerts, and collaborations, with a reported annual salary of over $14 million.
Music
Maluma’s primary source of income is his music career. He makes money from album sales, streaming, and royalties. Cosmopolitan reports that Maluma's income stream consists largely of streaming revenue and YouTube views, given that his discography includes multiple Billboard chart-toppers. His breakthrough album, Pretty Boy, Dirty Boy, reached number one on the Billboard Top Latin Albums chart. Subsequent albums like F.A.M.E., 11:11, and Papi Juancho have also been very successful. These albums, along with his singles, have generated significant revenue from streaming platforms and sales.
Concerts
Maluma also earns a substantial income from his concerts. Known for his lively performances, he has sold out major venues worldwide. According to Forbes, Maluma makes over $600,000 per concert, including ticket sales and merchandise. His tours are a significant contributor to his net worth, consistently drawing large audiences.
Collaborations
Maluma’s collaborations with artists like Shakira, Madonna, and The Weeknd have significantly boosted his earnings and visibility. These partnerships generate considerable revenue from shared royalties and performances. Additionally, Maluma enhances his income through high-profile sponsorships and endorsements, including being the face of Versace, designing a bottle for Hennessey, and creating a capsule collection with Balmain.
Business Ventures
Maluma has diversified his income with his fashion line, Royalty by Maluma, available at Macy’s, and his fragrance line, including the Queen and King collection. He also launched Royalty Films, a production company that creates his music videos and supports projects for his El Arte De Los Sueños foundation. This foundation aims to help Colombia's vulnerable children achieve their dreams through arts programs. Royalty Films focuses on developing untold Latino stories and working with emerging talent.
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