Shawn Mendes Net Worth

What Is Shawn Mendes’ Net Worth?

As of 2024, Shawn Mendes’ net worth is estimated to be around $40 million. This valuation is derived from his successful career as a singer, songwriter, model, and his various business ventures. Mendes accumulated his wealth through record sales, world tours, endorsements, and strategic investments.

Early Life and Career Beginnings

Shawn Peter Raul Mendes was born on August 8, 1998, in Pickering, Ontario, Canada. His mother, Karen, is English and works as a real estate agent, while his father, Manuel, is Portuguese and is a businessman in Toronto who sells bar and restaurant supplies. He has a younger sister named Aaliyah. Shawn attended Pine Ridge Secondary School in Pickering, where he played ice hockey and soccer and was a member of the glee club, graduating in June 2016.

Mendes embarked on his musical journey at the age of 14 in 2012, teaching himself to play guitar by watching YouTube tutorial videos. In 2013, he began posting cover videos on the social media app Vine, rapidly gaining popularity. His cover of Justin Bieber’s “As Long As You Love Me” went viral, amassing millions of views and followers. By August 2014, he had the third-highest following among musicians on Vine. In January 2014, artist manager Andrew Gertler discovered Mendes and brought him to Island Records. After winning Ryan Seacrest’s “Best Cover Song” contest in April 2014, Mendes officially signed with Island Records in May 2014. Before signing with Island Records, Mendes toured the United States for two months as part of MAGCON, alongside other prominent Vine personalities.

Music Career and Album Sales

Shawn Mendes’ music career has been the primary driver of his financial success. His debut major label EP was released in July 2014. It peaked at number five on the Billboard 200. His debut studio album “Handwritten” was released in April 2015. “Handwritten” quickly hit number one on the Billboard 200 chart, selling 106,000 copies in its first week and was certified platinum. The album’s third single, “Stitches,” became Mendes’ first top ten single in the United States and reached number one in the United Kingdom.

His second studio album “Illuminate,” released on September 23, 2016, also debuted at number one on the US Billboard 200 chart. The singles from the album “Treat You Better” and “Mercy” performed well in the charts. Following the success of his self-titled album released on May 25, 2018, Mendes became the third-youngest artist to collect three number-one albums. His fourth studio album, “Wonder” (2020), made him the youngest male artist ever to top the Billboard 200 with four studio albums.

Mendes has sold over 20 million albums and 175 million singles worldwide. Mendes has sold 50.5 million digital singles and 5 million certified albums in the US, according to RIAA. Several of his singles have achieved multi-platinum status in various countries.

Estimated album sales include:

• Handwritten (2015): 2,755,000 copies
• Illuminate (2016): 3,507,900 copies
• Shawn Mendes (2018): 1,984,578 copies
• Wonder (2020): 80,000 copies

Touring and Live Performances

Touring has been a significant source of income for Shawn Mendes. His concerts attract large audiences, and he has undertaken several successful world tours. In early 2016, Mendes announced his headliner world tour, The Shawn Mendes World Tour, which sold out 38 shows in North America and Europe within minutes. Mendes embarked on his Illuminate World Tour in April 2017. His self-titled world tour began in 2019, and he performed additional shows at music festivals across Europe, North America, and South America and at a televised concert honoring Queen Elizabeth II’s 92nd birthday.

Notable tour earnings include:

• Shawn Mendes: The Tour (2019): Grossed $90 million

Prior to the COVID-19 pandemic, Mendes averaged over $1 million in gross earnings per concert.

Endorsements and Brand Partnerships

Shawn Mendes has secured numerous endorsement deals with prominent brands, further boosting his income. He made his modeling debut in June 2017, walking the runway for Emporio Armani’s Spring 2018 show in Milan, Italy. In June 2018, he was announced as the ambassador for the brand’s Fall Winter 2018-2019 watch collection. Mendes has been a brand ambassador for Calvin Klein’s #MyCalvins campaign, SmileDirectClub, the Canadian-based food chain Tim Hortons, and Canadian clothing brand Roots Canada.

Some of the brands Shawn Mendes has endorsed include:

• Emporio Armani
• Calvin Klein
• SmileDirectClub
• Tim Hortons
• Roots Canada
• Beats By Dre
• Boosted Boards
• Cocowhite

Reportedly, Calvin Klein has remunerated past ambassadors approximately $1.2 million, so it’s safe to say that Mendes’ earnings from this partnership are somewhere in this ballpark.

Other Ventures and Projects

Mendes made his acting debut on The CW’s “The 100” third-season premiere on January 21, 2016. He starred in a documentary directed by YouTuber Casey Neistat, part of YouTube’s Artist Spotlight Story Series, published on YouTube on September 28, 2018. These ventures contribute to his overall income. On August 20, 2021, Mendes released “Summer of Love” with Tainy. That same month, it was announced that Mendes would serve as an executive producer for Legendary’s TV adaptation of Square Enix’s video game Life Is Strange.

Real Estate and Assets

Shawn Mendes’ real estate portfolio includes a $4.6 million estate in Los Angeles’ Beverly Grove neighborhood. This nearly 4,000-square-foot home boasts five bedrooms and six baths. Mendes also has a condo in downtown Toronto.

Philanthropy

Shawn Mendes launched The Shawn Mendes Foundation (SMF) in August 2019 to inspire and empower his fans and today’s youth to bring about positive change in the world and advocate for issues they care most about. The Foundation supports youth-related causes in children’s healthcare, sustainability, mental health and wellness, human rights, anti-bullying, and education. As of the launch of the foundation, it had already raised over $1,000,000 through partnerships & donations. In November 2020, Mendes announced that the second single from Wonder was a collaboration with Justin Bieber on a track entitled “Monster.” The program will support various music therapy activities including songwriting, custom lullabies, music education, and even the creation of original pieces of music set to the sounds of a patient's heartbeat.