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Luis Fonsi Net Worth: Fact or Fiction?

by Daphne D Carver   ·  1 year ago   ·  

Luis Alfonso Rodríguez López (known as Luis Fonsi), was born on April 15, 1978, in San Juan, Puerto Rico. Luis Fonsi net worth is $20 million. Luis Fonsi became internationally recognized after releasing his debut single “Despacito” with Daddy Yankee, which has become the most viewed video of all time on YouTube and has helped him earn 2017’s top-paid Latin artist.

Luis Fonsi net worth

Luis Alfonso Rodríguez López Cepero is a Puerto Rican singer. He is recognized for his songs “Despacito,” which features Daddy Yankee, and “Aqui Estoy Yo,” which won Song of the Year at the Latin Grammy Awards in 2018. Fonsi has broken six Guinness World Records and sold more than 11 million copies of “Despacito,” which set a new record as the most-viewed YouTube video of all time until November 2020, with over 7 billion views.

The early life of Luis Fonsi

On April 15, 1978, Luis Fonsi was born in San Juan, Puerto Rico. He is the eldest son of Alfonso Rodríguez and Delia López-Cepero. He has two younger siblings: Jean Rodríguez, a vocalist, and Tatiana Rodríguez. His favorite group at the time was Menudo’s stars and San Juan Children’s Choir.’ He went to Dr. Phillips High School in Orlando, Florida, before going to Big Guys with his friends.

Joey Fatone was the third member of Nsync. After leaving, he became a member of another group, Joe Jonas and the Administration. He subsequently renounced his music career after graduating from Florida State University School of Music on a full scholarship in 1995. Soon after, Luis was signed to Universal Music Latin’s record label.

Professional Career

Luis Fonsi released his first album, Comenazere, in 1998. His album became the top-selling Latin music recording in Billboard history when it debuted at number eleven on the Top Latin Albums chart. Pope John Paul II held a grand jubilee concert for the debt-free world on May 1, 2000, during which he sang with Luis Fonsi. In this era, he also recorded a duet with Christina Aguilera for her 2000 Spanish-language album Mi Reflejo. He also sang at the White House in commemoration of the September 11 terrorist attacks’ victims in 2001 alongside other artists.

For the first time, Luis Fonsi made it into the Billboard Hot 500 in 2008. One of four tracks that appeared on the billboard was “No Me Doy Por Vencido.” He sang Despacito with Daddy Yankee last year. The initiative had a sizeable global success, and it was one of YouTube’s most seen videos.

Luis Fonsi Net Worth & Salary

In June, Luis Fonsi’s net worth was approximately $20 million. He wrote several fantastic songs that have gone on to become smash hits. He also tried his hand at acting but found it to be a more significant challenge than music. His monthly income is about 350K. I’m hoping for something special in his future because he was still working despite some accomplishments. Even though he had achieved success, he was continuing his efforts.

Luis Fonsi Net Worth

How did Luis Fonsi earn his net worth?

Luis Fonsi is a songwriter and Puerto Rican singer who has a net worth of $20 million. He releases tracks that top multiple music charts worldwide, several years before he became a billionaire. Luis released his debut studio album, Comenzare, in September 1998. Although the album did not sell well, it reached 100,000 copies. Apart from releasing new songs, Luis Fonsi earned more than $10,000 in sales through his music promotions. He had considerable success with his second and third albums “Eterno” and “Amor Secretos,” he had enormous success.

Earning through selling albums

In 1998, Luis Fonsi made his first album, Comenzaré which was certified platinum by the RIAA after selling 100,000 copies. He launched his second studio effort Eterno on June 20, 2000. In 2002 he released Amor Secreto, which was also certified platinum. 

In 2002 he released his third LP, Amor Secreto, which sold over 250,000 copies in the United States. His 7th record, Palabras del Silencio, is a best-seller since it has sold almost 250,000 copies in the United States. On May 19, 2014, his 9th official studio work, “8,” was presented.

Real Estate Cars and Jewellery

Miami’s most expensive neighborhood, Cocoplum, has now become the home of Luis Fonsi. The mansion features a cathedral ceiling, marble floors, a resort-style pool, and a boat dock with tropical gardens. His neighbors include JLo’s main characters Alex Rodriguez and Marc Anthony, and two supporting characters. 

The singer has a vast vehicle collection that starts at around $200,000 and goes up to roughly $300,000 for a blue Lamborghini worth $500,000. Despacito isn’t the only one for his character; he makes sure it’s not either.

Achievements & Awards

Luis Fonsi and Daddy Yankee won the 2017 American Music Award for Favorite Latin Song Despacito. Luis Fonsi and Daddy Yankee announced the release of the song ‘Despacito.’ in January 2017. The film of this song has had tens of thousands of views on YouTube. Since 2008, Louis has served as a St Jude Children’s Research Hospital ambassador. These two institutions specialize in pediatric cancers research.

In May of last year, Billboard Latin Music Awards presented Luis with the ‘Spirit of Hope Award’ for his humanitarian efforts. Another Bieber remix was released in English in April 2017. There was also some extremely smash-worthy success in the English version of that song.

Luis Fonsi Personal Life

Luis Fonsi has been married twice. In 2003, he met Adamari Lopez, a Univision artist and fellow Puerto Rican, and began dating in 2005. In June 2006, during a wedding ceremony in Florida, the pair sealed a relic. Her ex-husband remained in charge of his company for another year while she collected unemployment compensation. They were subsequently divorced in January 2012. He remarried in September 2011 and has 2 children with his wife Aguada Lopez (a daughter and a son).

What makes him so successful?

When Luis Fonsi released Despacito in 2017, he had already established himself as a global solo artist with several songs to his credit. He became a performer. His first TV appearance was in the 1992 film “Como Agua Para Chocolate.” He’s made guest appearances on singing shows such as “The Voice” and “Songland,” among others. He has also put out five additional albums, all of which have been huge successes. The song topped every Latin Billboard chart, and its official music video has broken numerous records.

What is the story behind Despacito?

The song was written by Daddy Yankee, Fonsi, and Erika Ender in late 2015. It wasn’t until late 2016 that it was recorded. The song’s title, “Despacito,” translates to “slowly.” It’s the story of a guy who wants to “maintain eye contact with her for as long as possible” before he starts to seduce his lady love.

As of 2021, Despacito is the most-streamed song in the world. Its video has over 7.3 billion views, making it second only to YouTube’s most-watched production in terms of viewership. The song helped to rejuvenate interest in Latin music among both American and European pop audiences. We’re all probably wondering how much money the hit has made since its release.

How much did Despacito make on Youtube?

The song currently has 7.3 billion YouTube views, according to the company. It has 1.1 billion Spotify streams with an average of 19.2 million listeners. According to Spotify data, the original version had 956.1 million Spotify streams at the time, whereas the Justin Bieber remix had 1.2 billion streams.

Even though YouTube pays little compared to Spotify and other streaming services, it is still the most popular video platform. This is because YouTube receives ad revenue rather than paying per stream, resulting in a lower payout for each play.

According to YouTube, the current per-stream royalty rates are about $0.0007. As a result of the current views, Despacito has earned an average of $29.2 million. On Spotify, revenue ranges from $0.006 to $0.0084 for each play (or 0.006 and 0.0084 if you count only users who pay). 

The original version currently has around 1 billion streams, while the Bieber remix has 1.3 billion plays on Spotify alone (more than the total number of global streaming subscribers). As a result, it has earned approximately 5 million and 5 .2 million dollars throughout both platforms combined (about 40 million in earnings).

How much did Despacito sell?

In the UK, Despacito sold enough downloads to reach #1 in two different years. The song has been a phenomenon selling 5 million units globally and generating over 2 billion views on YouTube.

When was Despacito released?

Despacito was released on January 13, 2017, by Universal Music Latin Entertainment. It was initially written by Luis Fonsi and his producer Daddy Yankee to be an up-tempo dance track because that usually comes out of Miami and New York City. Little did he know that the song would land him the biggest hit of his career 20 months later, thanks to Justin Bieber’s appearance in its remix.

How many downloads did it take for Despacito to reach #1?

It took 27,000 downloads to reach #1 in the UK on January 16, 2018. It was not able to reach #1 until one week later, when it sold 36,000 units.

How long did it take Despacito to reach #1?

Despacito reached #1 in its second week of release after selling 42,710 copies of the song, which beat out Camilla Cabello’s Havana by 549 copies.

What other countries has Despacito charted in?

The single has made an appearance in almost every top 40 countries worldwide except for North Korea. It is banned from being played because Kim Jong-un would be offended by the lyrics suggesting that time spent with a lover is more rewarding than time spent with him.

Luis Fonsi Net Worth

How many downloads did Justin Bieber add?

Bieber adds about 20 million views per day which means that over 1 billion people have watched the video since its release in January 2017.

American singer-songwriter and actress Shakira was featured on the original version of Despacito along with Puerto Rican rapper Daddy Yankee. Bieber included rapper Luis Fonsi and singer Daddy Yankee and extra vocals from Puerto Rican singer-songwriter and record producer Erika Ender.

How long is the song?

Unfortunately for those who like to party all night, it clocks in at just under 4 minutes. It simply can’t be that catchy without a hook, and Justin Bieber isn’t adding any more time onto it either (no offense).

Did Despacito win any awards?

The song won the Best Urban Fusion/Performance at the 2017 Latin Grammys. Despacito also won a Billboard Music Award for Top Hot 100 Song and a TEC Award for Best Collaboration in 2018. In addition to that, it won 2 Latin American Music Awards and is up for three more, including Song of the Year, Record of the Year and Best Video of the Year.

How many singles has Luis Fonsi released since Despacito?

Despacito was his first hit single after years of building a career as a solo artist and with various collaborations. The only other song he has released since Despacito came out was Échame La Culpa which featured Demi Lovato and reached #1 on multiple charts across the globe.

When did Luis Fonsi release Vida?

Luis Fonsi’s 6th studio album, ‘Vida,’ was released on April 28, 2017, by Universal Music Latin Entertainment. It was his first album to be independently released after Universal Music Latin Entertainment dropped in the wake of the success of Despacito.

How much money has Despacito made?

Despacito has sold over 5 million units and generated more than 2 billion views on YouTube. It is responsible for about $300 million of revenue so far, not counting the money it continues to bring in due to its massive popularity on streaming services. Over 500,000 copies were sold during one week in Scotland, and Despacito recently became the first Spanish-language song to top the UK Singles chart since 1996 when Los Del Rio’s Macarena reached #1.

Daphne D Carver

I'm Daphne, a proud member of The Richest Net Worth team. I enjoy reading and writing about celebrities. I spend my time away from the computer watching movies and sleeping :P

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