Bad Bunny’s residency pumps $400 million into Puerto Rico’s economy

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00:00After wrapping up his 31-show residency in his hometown of Puerto Rico,

00:05Bad Bunny is now being credited with a massive boost to the island's economy.

00:12Earlier estimates put the impact at $200 million, but Wells Fargo tells CNBC the real number is

00:20closer to $400 million. The residency ran during Puerto Rico's off-season months,

00:25with Bad Bunny urging fans to come to him ahead of his world tour, one that stops in 19 countries

00:32excluding the U.S. When asked by ID Magazine if he was skipping the U.S. because of mass deportations

00:39of Latinos, he said yes. He explained, there were many reasons why I didn't show up in the U.S.

00:45and none of them were out of hate. The singer added that he's performed in the U.S. multiple times

00:50and encouraged fans to travel to places he doesn't visit often. And some fans are doing just that.

00:57According to Axios, the most travelers are coming from New York, Miami, Los Angeles, Chicago, and Orlando.

01:05The world tour kicks off in November in the Dominican Republic, but first,

01:11Bad Bunny will host the season premiere of Saturday Night Live on October 4th.

01:15I'm Kennedy Felton with Straight Arrow News. For more entertainment news, head over to our website

01:20or download our mobile app.