Akon has been soaring high in the world of music, and has used the millions of dollars he has generated to increase his wealth even further, with a variety of additional projects. After first rising to fame in 2004, Akon got a taste of the good life and began throwing himself into his craft. Determined to truly make a long-lasting mark in the industry, Akon continued to provide musical contributions that had fans hooked and constantly wanting more.

Proving that he wasn't just successful in one realm, he soon began to diversify by investing in businesses that were outside of the music realm, further adding to his already substantial net worth. Today, Forbes reports that Aliaune Damala Badara Akon Thiam, known to the world by his stage name of 'Akon' holds an astounding net worth which amounts to $80 million dollars and continues to grow in leaps and bounds each year. This is how the multi-faceted star earns his money, today...

8 Akon Is Investing In His Own City

The Financial Express ran an impressive article notifying the world of the most incredible investment Akon has ever ventured into. The world renowned R&B singer Akon is establishing his very own cryptocurrency-powered City in Senegal, which he is calling; Akon City. Since the onset of the pandemic this city has appealed to a number of people who are looking for nonconventional, less-controlled ways of life.

Akon City is set to be developed as a 2,000 acre property and will be powered with its own currency, called Akoin Tokens. It will cost $6 billion to build and will be completed in 2030. Today's efforts and investment are sure to generate future profits for the star.

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7 His Clothing Line

A significant portion of Akon's success is hinged on the way he presented himself as a convict that rose beyond his troubles and found success. He infused hope to so many talented young artists and individuals who felt they were stuck in their current way of life by forging ahead through troubled times to rise to fame.

Akon took that one step further by creating his own fashion line and branding it as 'Konvict Clothing.' His designs feature urban casual wear and are affordably priced, making them accessible to fans from all walks of life. Akon has seen huge success with online clothing sales and has padded his income nicely through this venture.

6 Producing Other Artists

Akon is a talented R&B singer in his own right, and his live performances are of epic proportions. Always playing to a sold-out crowd, Akon has managed to entertain the masses with his musical skills and went on to produce his own record label that has scouted and developed artists under his label.Konvict Musik and KonLive Distribution have both evolved to develop talents such as P-Square, Tuface, and Wizkid.

Akon has a successful record in developing his own artists, as well as collaborating on music for other established and highly esteemed musicians including Michael Jackson, Snoop Dogg, Leona Lewis, Sean Paul, Lionel Richie, and Whitney Houston, to name a few.

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5 Streaming Sales Of His Own Music

Streaming sales of his own music have proven to be a lucrative source of income for Akon, who literally makes music while he sleeps when fans download his wildly successful albums. His hits are streamed by adoring fans across the world, time and time again, and this has offered him an endless income stream.

The biggest money earners are his biggest hits, such as I'm So Paid, featuring Lil Wayne and Young Jeezy, Belly Dancer, Beautiful featuring Kardinal Offishall and Colby O'Donis, Locked Up, Right Now, Sorry, Blame It On Me, Lonely, and Smack That, featuring the one and only, Eminem.

4 Akon Has Developed His Own Cryptocurrency

Many people have heard of cryptocurrency and have at the very least entertained the idea of the innovative currency, but Akon has taken things one step further by making money - on money. He launched his very own cryptocurrency called Akoin, and for those who think that's amazing, there's another element of 'cool' that can be added to this venture.

Akoin is going to be the currency used in his new $6 billion city in Senegal, making it a circulating form of wealth for the famous artist. It has been reported that 10% of Akoin will be issued via public sale, and an additional 10% will be held by the executives and advisors that have helped him back and develop this new currency.

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3 Akon's Entertainment Investments In Uganda

USA Today reports that Akon has stayed true to his roots and continues to give back to the community that he was raised in and that he came from. In spite of the fact that he has attained an enormous amount of wealth for his own use, he has continued to invest his money in Uganda by seeking a variety of different investment opportunities that better the community at large. One of his many projects included helping to generate more power to impoverished communities. This struck a personal cord with Akon, whose grandmother was still struggling to survive from the light of candles at the time that he was soaring to the peak of his success. Akon owns a variety of businesses and investment ventures in that region.

2 YouTube Dollars

YouTube has proven to add a significant portion of wealth to Akon's accounts. He sees in excess of 60.35 million views each month from YouTube alone, not inclusive of other platforms that broadcast his music and talents. Given that the channel sees profits from ads, he is poised to earn thousands of dollars from each 1,000 video views. Forbes estimates he earns well over $242,000 each month, or the equivalent of $3.62 million each year, from YouTube exposure alone. These are very tame estimates, on the low-end of the spectrum. Other outlets claim he has earned over $6.25 million per annum from YouTube streaming and subscriptions.

1 Movie Residuals

During his time on the entertainment scene, Akon has taken some time to dive into the world of movies by acting in films such as American Heist, Black November, Lady Gaga: One Sequin At A Time, and many others. The residual payments from his time spent acting on set in these films has not only generated a huge payout for the artist at the time of filming and release, but it has also resulted in residual payments which continue to populate his accounts, adding to his enormous and ever-growing net worth.

NEXT: 10 Forgotten Facts About Singer Akon