Drake Net Worth: Have you ever considered Drake’s net worth? As one of our generation’s most prominent Hip-Hop artists, he has compiled an impressive resume. Numerous individuals only recognize Drake due to his music. Nonetheless, few are aware of how this celebrity leveraged his brand through entrepreneurship. This article explains how this superstar amassed his fortune.
Early Childhood Days
Aubrey Drake Graham was born in Toronto, Canada, on 24 October 1986. Throughout his career, Dennis Drake was a drummer who performed with artists such as Jerry Lee Lewis.
Sandra, sometimes known as Sandi, was Drake’s mother. She was an English teacher and a florist. Drake attended a Jewish day school and celebrated his Bar Mitzvah with a ceremonial ceremony.
Sandi and Dennis split up when Aubrey was five years old. Subsequently, his father moved to Memphis, where he was finally convicted and imprisoned for several years on narcotics charges.
Aubrey lived with his mother in Toronto, although he traveled to Memphis every summer to see his father (when his father was not incarcerated). Later, Drake would describe Dennis as being absent during his upbringing, charges Dennis has passionately refuted and alleged were inflated to sell songs.
Drake and his mother resided in the lower level of a two-story townhouse in the upscale Forest Hill suburb beginning in sixth grade.
Drake stayed in the basement while his mother lived on the street level. They were not wealthy; in fact, money was extremely scarce. During his time at Forest Hill Collegiate Institute, Drake discovered a passion for performing and singing.
Later, he attended Vaughan Road Academy, where he was victimized because of his mixed-race and religious heritage. He dropped out for a time but graduated in 2012 anyhow.
Net Worth Survivor TV Series: Degrassi
Drake Net Worth: Drake landed a role in the long-running Canadian adolescent drama television series “Degrassi: The Next Generation” at the age of 15, thanks to the help of the father of a childhood friend.
On the show, he portrayed basketball superstar Jimmy Brooks, who became crippled after being shot by a student. He was a cast member for the first seven seasons, with 2008 guest appearances.
While Drake appeared on Degrassi, his mother fell unwell and was unable to work. His payments from Degrassi were their only source of money for several years. At the time, he was earning a salary of $50,000 per year from the show.
After taxes, that’s nearly $2,000 each month. Later, he would describe this period as follows: “My mum was quite ill. We were incredibly impoverished, practically broke. The only income I have is from Canadian television.”
A career in Music Escalated Drake’s Net Worth
In 2006, Aubrey, who was now known by his middle name “Drake” as his stage persona, began releasing mixtapes. He was inspired by rap giants like Jay-Z who obtained record agreements after achieving success as independent musicians.
In February 2005, he released his debut mixtape, titled “Room for Improvement,” on his website and his MySpace page. He was able to directly sell over 6,000 copies.
The following year, he released his second mixtape, “Comeback Season.” He released the mixtape on his newly-established record label October’s Very Own (aka OVO Records).
This mixtape includes “Replacement Girl,” which became a popular underground tune. It was the first music video by an unsigned Canadian rapper to be broadcast on BET.
One version of the song used a sample from Brisco, Flo Rida, and Lil Wayne’s “Man of the Year.” Jas Prince, a Houston-based producer and founder of Rap-A-Lot Records, heard the song and forwarded it to Lil Wayne.
Lil Wayne was impressed and called Drake to invite him to join his Tha Carter III tour in Houston. Drake and Wayne penned and recorded many songs, including “Brand New,” “Forever,” and “Ransom,” as the tour progressed.
Young Money Entertainment Which Incremented Drake’s Net worth
Drake had not joined Wayne’s record label at this time, despite what you may believe. 2009 saw the release of his third mixtape, “So Far Gone.” The mixtape was made available for free download on his OVO website.
Lil Wayne, Lloyd, Trey Songz, Omarion, and Bun B made guest appearances on the mixtape. The mixtape was later certified Gold by the RIAA and reached No. 2 on the Billboard Hot 100 after being downloaded 2,000 times in its first hour.
The mixtape was ultimately published as an EP that debuted at number six on the Billboard 200 and won the 2010 Juno Award for Rap Recording of the Year.
Drake, who remained an independent artist, was in high demand throughout the music industry. Numerous record labels engaged in a bidding war for his services.
The urgency has been described as the “greatest bidding battle in the history of music,” although this cannot be substantiated.
Drake signed a contract with Lil Wayne’s Young Money Entertainment on June 29, 2009. The record agreement was a joint effort between Young Money and its parent company, Cash Money, with distribution handled by Universal Music.
Mainstream Achievement
Drake Net Worth: “Thank Me Later,” Drake’s debut studio album, was released on June 15, 2010. The album reached number one in both Canada and the United States. It topped the Billboard 100, the R&B/Hip Hop, and the US Rap charts in the United States.
The RIAA eventually certified it Platinum. 2011’s “Take Care,” his second studio album, debuted at number one in various countries and eventually went six times platinum. Since then, every album has gone at least 4-times Platinum.
Drake is one of the most popular and influential figures in hip-hop and the music industry as a whole. He has collaborated with many of the music industry’s top names, including Kanye West, Eminem, Jay-Z, and Travis Scott.
Drake has received numerous nominations for awards. As of the time of writing, he has won over 180 major honors, including four Grammys from over 40 nominations. Per concert, Drake earns roughly $1 million.
Singles Sold Led To Surge Resources
Drake has sold the most digital singles in the history of music. As of the writing of this article, he has sold over 163 million digital singles. This is 40 million more than the runner-up, Rihanna.
With an estimated 26 million records sold, ranks as the eightieth most successful musician of all time. That ranks him the third-best-selling Canadian musician of all time, following Shania Twain (48 M) and Celine Dion (36M-50M).
Drake’s Annual Earnings
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
Total: $433 million
Real Estate Possessed As Per Drake’s Cashflows
Drake Net Worth: Drake, who was born in Canada, has resided in Hidden Hills, California since 2012 when he paid $7.7 million in cash to the former owner of Los Angeles’ Saddle Ranch Bar for a huge property.
Multiple properties, including a 12,000-square-foot main house and a 2,000-square-foot party house, comprise the YOLO Estate. The estate has equestrian stables, a movie theatre that seats 25 people, a full-sized basketball court, a sand volleyball court, and one of the largest privately-owned swimming pools in Southern California.
His lagoon-like pool, which wraps around the perimeter of the house, contains multiple waterfalls, a swim-up bar, an 80-foot water slide, and a grotto in the style of a Playboy mansion.
In an interview with Rolling Stone, Drake revealed that he had his eye on this mansion for years after Googling “craziest residential swimming pools” and discovering it. He used a snapshot of the pool as the background image on his computer for years as a source of inspiration.
In 2009, the former owner listed the home for $27 million. In 2012, the previous owner was suffering cash difficulty, so Drake purchased the property for $7.7 million:
In 2015, he purchased the nearby 1.6-acre estate for $2.8 million to expand his property. In 2018, he once again expanded the property by spending $4.5 million on a neighboring home.
His private estate presently consists of 6,7 acres of continuous land at the end of a cul-de-sac, for which he paid $15 million in real estate acquisition expenditures alone.
In March 2022, Drake offered the YOLO Estate for $22.7 million. For $14.8 million, a buyer may potentially purchase just the primary residence.
In 2016, Drake spent $6.7 million to acquire a parcel of land in The Bridle Path, a Toronto neighborhood. On the two-acre lot, he constructed a home measuring 50,000 square feet.
The residence boasts a 10-car garage, an NBA-sized basketball court, a gym, and an awards room, among other amenities. The master bedroom is 3,200 square feet for its own.
On March 8, 2022, it was reported that Drake had reached an agreement to purchase the 20-acre Beverly Hills estate of British musician Robbie Williams.
The price Drake paid in a private transaction? Mid-seventy million dollars, per a source who spoke with the LA Times.
He also owns a downtown Toronto condominium. Drake possesses a minimum of $100 million worth of real estate assets.
Private Jet
Drake published a video on Instagram in May 2019 revealing his newly-acquired Boeing 767 private plane, which he has named (and painted) “Air Drake.”
Drake proudly proclaims in the video that he is the sole owner of the jet, with “no renting, no timeshare, and no co-owners.”
A comparable model and quality private airplane would cost between $75 million and $100 million.
Drake’s Net Worth Accomplishments
In November 2009, we added Drake to the sources with an initial net worth estimate of $1 million. A few months before, he had signed with Lil Wayne’s Young Money label.
In 2012, his wealth exceeded $25 million. By 2014, his net worth had surpassed $45 million. He surpassed $80 million for the first time at the end of 2016.
Due to his phenomenal 2017 earnings of around $100 million, he quickly surpassed $100 million by early 2018. His net worth surpassed $150 million for the first time in May 2019.
Business Ventures
Drake has promoted numerous big brands throughout the years, including Sprite, Burger King, Whataburger, Nike, and Apple. Upon the launch of Apple Music, Drake inked a $19 million exclusivity deal. This agreement made Apple the exclusive first home for any future solo releases by Drake.
In 2012, Drake founded OVO Sound, a record company distributed by Warner Bros. Records. In addition to Drake, OVO Sound currently represents the music of PartyNextDoor, Majid Jordan, Kash Doll, and Boi-1da, Future the Prince, Mike Zombie, among others.
He is the Raptors’ “global ambassador” and throws an annual Drake Night with the team.
In 2016, Drake introduced Virginia Black, his brand of bourbon-based whiskey. The company sold 4,000 bottles during its first week of business. The company shipped an additional 30,000 units later in the year.
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Tours
“Away From Home Tour” was the title of Drake’s first headlining tour, which took place in 2010. Through 2019, he embarked on five further headlining tours. Additionally, he has co-headlined four tours, including one in 2018 with the rap group Migos.
His 2016 “Summer Sixteen Tour” grossed $84.3 million from 54 gigs, making it the highest-grossing hip-hop tour of all time. This represents an average gross of $1,565,000 per concert.
In 2018, his co-headlining tour with Migos smashed the record with $80 million in earnings across 43 dates. This represents an average of $1.86 million per concert.
Every year, Drake hosts the instantaneously sold-out “OVO Fest” festival in Toronto.
Drake’s continued residency at the XS Nightclub in Las Vegas enables him to easily earn $500,000 every performance. He now gets more than $2 million per show which is more formal.
Personal Life
Over the years, Drake has maintained several high-profile relationships. He dated Rihanna intermittently from 2009 to 2016. Later, he would refer to Rihana as “the woman I’ve loved since I was 22 years old.”
In October of 2017, the French model, actress, and artist Sophie Brussaux gave birth to his boy named Adonis. Drake’s paternity was not confirmed until 2018.
How Much is Drake’s Net Worth?
Drake Net Worth: Drake is a Canadian-born actor, producer, and rapper with a 250 million dollar net worth. Consistently, Drake ranks among the highest-paid entertainers in the world.
Drake was a young actor who appeared in the Canadian adolescent drama Degrassi: The Next Generation before he became a rap superstar. Since achieving mainstream popularity for the first time, Drake has earned over $430 million in his career before taxes and living expenses.
From June 2017 to June 2018, Drake made $45 million. He earned a total of $95 million in 2017.
From June 2018 until June 2019, he made $75 million. In the subsequent 12 months, he earned $50 million. Below is a complete breakdown of Drake’s annual earnings by year.
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The Universal Music Group Agreement
Universal Music Group revealed in its Q1 earnings call in May 2022 that it had re-signed Drake to a “long-term worldwide collaboration” that encompassed “recorded music, music publishing, movies, television, and brands.”
Drake has referenced this transaction in a few lyrics. In one song, he rapped about a contract that included “360 up front.” Some have interpreted this lyric in light of Universal’s statement to suggest that he was paid $360 million upfront.
Other outlets have estimated the deal’s value to be at least $400 million. In the years preceding the contract, Drake’s song catalog alone generated $50 million in annual revenue for the corporation.
Assuming the contract was worth $400 million, Drake would have been paid an estimated $200 million upfront after taxes, assuming the deal was worth $400 million.
