Drake Net Worth As the eighth-richest rapper in the world, Drake has amassed an impressive fortune through his music and endorsement deals.
However, before Drake became one of the hip-biggest hop stars, as Jimmy Brooks in the popular Canadian adolescent drama series “Degrassi,” he began his career on the small screen as a 15-year-old actor.
However, Drake’s first love has always been music, despite his early success as an actor and ascension to TV stardom. This is evident in his extensive discography, which includes seven studio albums and 47 Grammy nominations.
Drake has made a fortune through a variety of endeavors, not only acting and music. So, what’s Drake’s current net worth?
Drake Infancy and Childhood
On the 24th of October, 1986, Aubrey Drake Graham was born in Toronto, Canada. Dennis Drake, Drake’s father, was a drummer who played with Jerry Lee Lewis among others. Sandra, a.k.a. Sandi, Drake’s mother, worked as an English teacher and a florist before becoming a music producer. Bar Mitzvah celebrations were held for Drake, who attended a Jewish day school.
Affluent Forest Hill was home to Drake and his mother from sixth grade on when they split a two-story townhouse. He and his mother shared a basement apartment, with Drake residing on the ground floor. Money was tough for them; they weren’t well off.
Drake discovered a love for performing and singing while attending Forest Hill Collegiate Institute. While attending high school, he was subjected to racism and religious bigotry at Vaughan Road Academy. After a brief absence, he returned to school and earned his degree in 2012, after which he received his diploma.
What Is Drake’s Net Worth?
According to celebritynetworth, Drake is worth a whopping $250 million.
Inevitably, much of this money comes from his involvement in the music business. According to Celebrity Net Worth, his contract with Universal Music Group alone is worth an estimated $200 million (£159 million). Drake earned $433 million (£346 million) between 2010 and 2020, according to The Success Bug, however, he retains much of it in real estate.
According to Hypebeast, Drake has over 57 million monthly Spotify listeners, the 8th most globally, and over 8.6 billion streams in 2021 alone. Honestly Nevermind, Drake’s next album is expected to considerably improve his net worth.
Drake’s immense wealth isn’t only due to his music; his commercial operations and lucrative brand partnerships have supported his musical ambitions, as well. Rapper Drake has worked with a number of well-known brands, including Nike, Sprite, Burger King, and Apple.
He also serves as a worldwide ambassador for the Toronto Raptors and is said to host an annual “Drake Night” with the team, according to The Success Bug. The Virginia Black whiskey he launched in 2016 sold more than 4,000 bottles in its first week on the market.
The majority of Drake’s wealth and holdings are related to property, as previously stated. He paid $6.7 million (£5.4 million) for his 35,000-square-foot Toronto estate up front, and he has since renovated it substantially, according to Velvet Ropes, including installing a full basketball court! In addition, he has a Los Angeles property worth $8 million (£6.4 million).
Drake’s Yearly Income (in Thousand Dollars)
2010: $10 million
2011: $11 million
2012: $21 million
2013: $11 million
2014: $33 million
2015: $40 million
2016: $40 million
2017: $95 million
2018: $47 million
2019: $75 million
2020: $50 million
Drake’s Career and Awards
Since his debut on the television show Degrassi: The Next Generation in 2001, Drake has had a storied career. The program made him a household name, but he never forgot his love for singing. In 2006, Drake released his debut mixtape, and he continued to do so until 2009.
In 2009, he was signed to Young Money Entertainment after releasing three mixtapes. Thank Me Later was the title of his debut studio album, which was released in 2010. Polo G’s net worth may be seen here.
Grammys, Brit Awards, American Music Awards, Billboard Music Awards, and many more have been bestowed to Drake.
A Life in Music
Drake’s music business accounts for a sizable portion of his net worth. One of Drake’s most recent albums was released as a surprise, making it his seventh studio album to date. To be honest, it doesn’t matter.
Over the course of his career, he’s won four Grammys, as well as several other honors from the American Music Association, the Billboard Chart Music Awards, the BRIT Awards, and the Juno Awards. “God’s Plan,” “One Dance,” “Nice For What,” “In My Feelings,” and “Passionfruit” are among his most popular tunes.
Drake has gone on a number of tours in support of his various albums and singles. Drake’s concerts today bring in an average of $1 million every show.
For the record, Drake has just renewed his contract with Universal Music Group. Drake has “re-signed to a ‘long-term international collaboration,’ involving everything from recorded music to music publishing, cinema, television, and branding,'” according to Celebritynetworth.com. Even before Drake signed, the corporation was raking in $50 million a year from his song collection alone.”
Income through business ventures, real estate, and other sources.
Nike and Apple are just two of the many companies that have partnered with Drake in addition to his music career. Along with OVO Sound, his record company where he’s signed a number of musicians, Drake created the whiskey brand Virginia Black in 2016 as part of his multi-faceted career.
A Boeing 767 private plane called “Drake Air” is also owned by the rapper, who has at least $100 million in real estate investments. The cost of a comparable plane ranges from $75 million to $100 million.
As a rapper, singer-songwriter, and actor, Drake is one of the most successful artists of all time. Songs and albums by him have achieved enormous success and acclaim across the world. Many of Drake’s songs and albums have topped the charts since they were released. He is extremely wealthy as a result of the commercial success of his works.
On social media, Drake is a household name as well. He has millions of fans across a variety of media, and he frequently shares his daily life with them there.