What is Luis Fonsi's net worth? Here's how 'Despacito' star is connected to JLo, Alex Rodriguez and Marc Anthony
Luis Fonsi was already a well established star in Latin America before the huge success of 'Despacito'
Luis Fonsi is about to gain a whole new legion of fans as he joins the team of 'The Voice' Season 20 as a celebrity mentor. The 'Despacito' singer who will be part of Team Kelly Clarkson, is no stranger to reality television since he has been a coach on Telemundo's 'La Voz', a Spanish-language version of the singing competition series, since 2018.
Fonsi was already a successful singer in Latin America and recorded his debut album in 1998. He gained fame in Latin America with his early Spanish albums 'Comenzare', 'Eterno', and 'Amor Secreto'. It was only in 2017 however, that Luis Fonsi burst onto the global stage and had audiences across the world grooving to his colossal hit 'Despacito'. 'Despacito' even displaced Justin Bieber's 'Sorry' as the most streamed song globally, a huge achivement especially since the song is in Fonsi's native Spanish.
What is Luis Fonsi's net worth?
Luis Fonsi as of 2021 is reportedly worth $ 20 million. He sold more than eleven million records with 'Despacito', which has over seven billion views on YouTube. As of 2017 Despacito had 4.6 billion plays across all streaming platforms, the most of any song and it was estimated at the time, that Fonsi would have made approximately $36 million from streaming alone, a number which has easily doubled with 'Despacito' having seven billion views on YouTube alone as of November 2020. In 2017, Fonsi took his phenomenal success further and recorded a collaboration with Demi Lovato titled 'Echame La Culpa', which was also a hit.
Like many other singers in Latin America, Fonsi has also tried his hand at acting, and featured in the romantic film 'Como Agua Para Chocolate' in 1992. In 2004 he appeared on the telenovela titled 'Corazones al limite', therefore Fonsi's income over the years has not been from singing alone.
Before 'Despacito' came along and changed Luis Fonis's life, he received his first Grammy Award for Song of the Year with his song 'Aquí Estoy Yo'. 'Aquí Estoy Yo' also won three Billboard Latin Music Awards. However it was with 'Despacito', that the spate of awards rolled in. 'Despacito' won four Latin Grammy Awards, seven Billboard Latin Music Awards, five Billboard Music Awards and received three Grammy Awards nominations. Fonsi also won one Latin American Music Award for 'Échame la Culpa', his collaboration with Demi Lovato.
Real Estate, Cars and Jewellery
Home is where the heart is for the Puerto Rican singer, who fresh off the success of 'Desapcito' bought a $ 5 million dollar in Cocoplum, one of the most expensive neighbourhoods in Miami. His neighbours include not one, but two of of the men in JLo's life, Alex Rodriguez and Marc Anthony! The seven bedroom, six bathroom house with cathedral ceilings and marble floors also has a resort style pool and yacht jetty along with tropical gardens.
Fonsi's love for fast cars is also well known. Fonsi has quite a collection of wheels, including a black Braman Bentley which can cost from $200,000 to $300,000, a blue Lamborghini which has a price range from $200,000 to $500,000. Fonsi is also a fan of vintage cars while he owns an old Buick as well just to mix things up. As for the other finer things of life, Fonsi has a fondness for fine wines, golf and expensive watches and shoes. In an interview with 'Haute Living' Fonsi says, "I’m a watch guy. I’m a sneaker guy. I love my [Air] Jordans—I think it says a lot about a person when you say, ‘Hey, that’s a special edition.’ It dictates that it’s tougher to get, and there’s thought put behind it. I’m always checking out new drops. I love cars; I love boats. I think music and fashion go hand in hand. If it looks good, feels good, wear it.”
With his role on 'The Voice' as celebrity mentor and his latest collaboration with Nicole Scherzinger for 'She's BINGO', Fonsi is making sure that 'Despacito' isn't all that he's known for.
You can catch Luis Fonsi on 'The Voice' Season 20 in the trailer below. Catch new episodes of 'The Voice' on Mondays 8/7c on NBC.