Luis Fonsi’s Net Worth: How Much is the “Despacito” Singer Really Worth?

luis fonsi's net worth luis fonsi on stage singing
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Last updated on August 7th, 2023 at 08:11 am

Singer-songwriter Luis Fonsi is one of the most well-known and successful Puerto Rican celebrities. His instantly recognizable vocal style has earned him fans across the world.

What is Luis Fonsi’s net worth? Exactly how much cash has his talent made him? Find out below.

Luis Fonsi’s Net Worth

Luis Fonsi’s net worth is estimated to be $25 million. He earns his revenue from hit singles, selling albums, and many successful tours.

How Much Does Luis Fonsi Make?

Luis Fonsi makes an estimated annual income of $2 million, which comes to about a $100,000 per month salary.

luis fonsi on the red carpet
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How did Luis Fonsi Get Rich?

Fonsi is a musician, so it shouldn’t surprise anybody that the bulk of his net worth comes from his music. 

His huge hit “Despacito” is one of the most streamed songs of all time. This song alone would move his income into the stratosphere, but add his multiple successes in the Spanish streaming markets, one of the largest on earth, and you can see how he has amassed such wealth.

How much has “Despacito” earned? According to business website Quartz, $15 million.

Luis Fonsi’s Cars

Fonsi is also an avid car collector and has several very impressive vehicles in his collection. 

His love of cars is evident in his music videos. In 2021 he even did a collaboration with HotWheels to make a miniature of his custom Ford Bronco.

Other cars in his collection include a Jaguar F-Type, an Aston Martin, and many other classic cars. 

Related: Bad Bunny’s Net Worth: The Artist’s Cars, Houses, and More 

Luis Fonsi’s Houses

Fonsi is one of the highest-paid singers in his home country of Puerto Rico. He purchased a $5 million house in Cora Gables, Florida that has seven bedrooms and eight bathrooms.

His estate, which was built in 1992, is located in the very luxurious suburb of Cocoplumb in downtown Miami. 


Luis Fonsi Early Life

Luis Fonsi was born Luis Alfonso Rodríguez López-Cepero. Luis’ parents were Alfonso Rodríguez and Delia López-Cepero. He was their first child.

Growing up, the youngster would show an early interest in music and performing. He idolized the band Menudo and was obsessed with the San Juan Children’s Choir.

It was at the age of 10 that his life would change forever. 

Fonsi moved with his family to Orlando, Florida. Here he would enroll in Westbridge Middle School and later Dr Philips High School. 

His time in high school would see him join an interesting acapella group called The Big Guys that included Joey Fatone, who would go on to join NSYNC

Upon leaving high school, Fonsi enrolled at Florida State University on a full scholarship. However, his academic career was not to be, as he dropped out of his degree to pursue full-time music. 

Soon after, he was offered a record deal with Universal Music Latin. 

Related: Is Beyonce a Billionaire? Beyonce’s Net Worth and More 

Luis Fonsi’s Early Career

After leaving college, Fonsi recorded his debut album, 1998’s Comenzaré (I Will Begin). The album was well received and featured many hit singles.

His debut album would do well across several markets, including in the Dominican Republic, El Salvador, Mexico, Venezuela, and his native Puerto Rico.

In 2000 he followed his debut with Eterno, which was also successful. In the same year, he recorded a duet with Christina Aguilera on her Spanish-language Mi Reflejo, “Si No Te Hubiera Conocido” (“If I Hadn’t Known You”)

On May 1 of the same year, he performed at the Great Jubilee Concert for a Debt-Free World. The outdoor concert, which took place in Rome, was attended by Pope John Paul II. 

2002 was another big year for the singer, as he would open for Britney Spears on the US and Mexico leg of her Dreams Within a Dream tour. He also released his first English album in 2002, Fight The Feeling.

His fifth album, 2005’s Abrazar La Vida (Hug the Life), sold well, with the single “¿Quién Te Dijo Eso?” (“Who Told You That?”) reaching #1 in the Latin Billboard Charts. 

While working on that album, Fonsi also recorded a single with Spice Girl Emma Bunton, “Amazing,” which was released on her 2004 album Free Me

His sixth studio album, Paso a Paso (Step by Step), debuted at #1 on the Latin Billboard Chart and earned him his first Latin Grammy nomination.

Related: Bruno Mars: What You Need to Know About the “Uptown Funk” Singer 

Life before “Despacito”

In September 2008, Luis Fonsi finally entered the Billboard Hot 100 Chart when his single No Me Doy por Vencido” (“I Don’t Give Up”) debuted at #8 and climbed to #2. 

2011 saw the release of his album Tierra Firme (Mainland), which he would promote throughout Latin America. That same year he would be named Billboard’s “Leader of Latin Music’s New Generation”

In 2014, he released his eighth studio album, 8, and toured successfully behind the record.

luis fonsi and all his awards
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International Success

2017 would be the year that changed it all for Luis Fonsi. 

“Despacito,” featuring Yankee Daddy, was released in January. The song was a huge hit and amassed five billion views on YouTube alone, making it the most-watched music video at the time. The song hit #1 on almost every Latin chart.

In 2018, the song was given an English makeover featuring Justin Bieber. Bieber’s version of the song would also see huge commercial success, reaching #1 on the Billboard Hot 100 Chart. 

The song would remain there for an astonishing 16 consecutive weeks, tying the record set by Mariah Carey and Boyz II Men’s “One Sweet Day.”

In August 2017, Fonsi released a duet with Demi Lovato, “Échame la Culpa” (“Blame Me”), which debuted at #3 on the Latin Charts.

Luis Fonsi’s Net Worth

Considering his successes, it’s no wonder that Luis Fonsi is worth $25 million. He’ll certainly be a force in Latin music for years to come.

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Written by Anna Paulson


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