Drake Net Worth

Drake Net Worth – Drake is a $250 million dollar rapper, producer, and actor who was born in Canada. Drake is one of the world’s top paid performers on a constant basis. Drake made his screen debut in the popular Canadian series “Degrassi: The Next Generation” early in his acting career. But it was music that would establish him as a global superstar; since 2006, he has planned or producing hit song after hit song.

2010 saw the #1 debut entry of his debut studio album, “Thank Me Later,” on the hip-hop charts, and he hasn’t stopped since. He has relentlessly toured, made appearances on numerous music events and award ceremonies, and generally concentrated on expanding his fan base as much as he could.

KEY TAKEAWAYS

Before taxes and living expenses, Drake’s career earnings have exceeded $430 million since his initial mainstream popularity.

From June 2017 to June 2018, Drake made $45 million in revenue. He made a total of $95 million in 2017. He made $75 million from June 2018 to June 2019. Over the next twelve months, he made fifty million dollars. For a detailed breakdown of Drake’s yearly earnings by year, scroll below.

Drake Net Worth 2024: The Financial Rise of a Music Mogul

• Net Worth: Exceeds $760 million in 2024, ranking him among the top entertainers globally.
• Music Sales: Major earnings from record sales, streaming, and lucrative tours.
• Business Investments: Owns OVO Sound label and fashion line, among other ventures.
• Real Estate: Holds multiple properties, including a luxurious mansion in Toronto.
• Endorsements and Partnerships: Profitable deals with Nike, Apple Music, and other major brands.

Drake Net Worth Breakdown:

Drake has assets in many different companies and a highly diversified asset portfolio, making it difficult to determine the source of his enormous net worth.

Drake is increasing his net worth annually by millions, thanks to his business endeavors including his own brand OVO Sound and his music career. This is what we could discover regarding his wealth sources.

Universal Music Group Contract

In May 2022, Universal Music Group said during the Q1 results call that Drake had inked a new contract with them that would be a “long-term worldwide partnership.” Everything was covered by the agreement, including “recorded music to music publishing, film, television, and brands.” Drake has made a few lyrical references to this deal. He rapped in one song about taking a deal that required paying “360 up front.”

Given Universal’s confirmation, some have interpreted that line to indicate he was paid $360 million up front for the agreement. The transaction is reportedly worth at least $400 million, according to other reports. Drake’s music collection alone had been bringing in $50 million a year for the corporation in the years before the agreement.

Assuming the deal was indeed worth $400 million, after taxes, Drake would have theoretically been paid $200 million upfront after taxes.

Early Life

Aubrey Drake Graham in Toronto, Canada, October 24, 1986. Throughout his career, Dennis, the father of Drake, was a drummer who performed with artists such as Jerry Lee Lewis. Sandra, sometimes known as Sandi, was Drake’s mother and an English teacher. Drake celebrated his Bar Mitzvah in a conventional manner and went to a Jewish day school.

When Aubrey was five years old, Sandi and Dennis got divorced. After that, his father relocated to Memphis, where he finally faced drug-related charges that led to his incarceration and years in prison. Even though Aubrey’s father was not incarcerated, he would spend every summer visiting him in Memphis, Aubrey continued to live with his mother in Toronto.

Drake would later claim that Dennis was absent from his early years; Dennis has angrily refuted this claim and says it was made up to promote the song.

Drake and his mother resided in the lower level of a two-story townhouse in the Forest Hill upscale area starting in the sixth grade. Drake resided in the basement, while his mother occupied the floor closest to the street. They were not wealthy; in fact, they had very little money.

Drake discovered his passion for singing and acting while he was a student at Forest Hill Collegiate Institute. Afterwards, he went to Vaughan Road Academy, where he experienced bullying because of his mixed-race and religious upbringing. After a period of abandonment, he eventually graduated in 2012.

Personal Life

Over the years, Drake has been involved in several high-profile partnerships. He intermittently dated Rihanna from 2009 to 2016. Later in life, he would refer to Rihanna as “the woman I’ve been in love with since I was 22 years old.”

Adonis, his son, was born in October 2017 to Sophie Brussaux, a French model, actress, and artist. Drake did not declare himself to be a parent until 2018.

Degrassi

Drake got his first break in acting at the age of fifteen thanks to the acting agent father of a childhood friend who helped him get a part in the popular Canadian adolescent drama series “Degrassi: The Next Generation.” He portrayed basketball player Jimmy Brooks in the show, who was shot by a classmate and later became crippled. He made guest appearances in 2008 in addition to being a cast member for seasons 1 through 7.

It was during Drake’s Degrassi appearance that his mother fell unwell and was unable to work. For a number of years, their only source of income was his Degrassi payment. He was being paid $50,000 a year at the time for the show. That comes out to almost $2000 a month after taxes. Later on, he would say the following about this period of time:

“My mother was very sick. We were very poor, like broke. The only money I had coming in was off of Canadian TV.“

Music Career

In 2006, Aubrey—who by then was using by his stage name “Drake”—started putting out mixtapes, inspired by rap legends like Jay-Z who secured record deals after finding success as independent musicians.

His debut mixtape, “Room for Improvement,” was made available on his official MySpace profile and website in February 2005. He succeeded in directly selling over 6,000 copies. The next year, he dropped “Comeback Season,” his second mixtape. The mixtape was made available by him via October’s Very Own, a record label he recently founded (called OVO Records). This mixtape contained the underground smash song “Replacement Girl.”

The song’s music video was the first to be shown on BET by an unsigned Canadian rapper. A sample of the song “Man of the Year” by Brisco, Flo Rida, and Lil Wayne was spliced into one version of the song.

After hearing the song, Houston-based producer and Rap-A-Lot Records founder Jas Prince gave it to Lil Wayne. After being impressed, Lil Wayne gave Drake a call and asked him to come on his Tha Carter III tour in Houston. Drake and Wayne composed and recorded a number of songs throughout the tour, such as “Brand New,” “Forever,” and “Ransom.”

Acting

Prior to beginning his career as a rapper, Drake was well-known for his role as Jimmy Brooks in the Canadian teen drama Degrassi: The Next Generation in the early 2000s.

Drake, then known by his birth name Aubrey Graham, was 14 years old when he was cast for the Degrassi role. According to a 2013 GQ story, Drake appeared in seven seasons of the show and earned $40,000 year from it.

While his main focus over the years has been on his music career, Drake has consistently appeared on the big screen, taking big and small roles. Here are some of his many appearances in movies over the years:

• Degrassi: The Next Generation (2001 to 2008) as James “Jimmy” Brooks in 100+ episodes
• Blue Murder: Out of Towners: Part 1 (2001) as Joey Tamarin
• Conviction (2002) as Teen Fish
• Instant Star: Personality Crisis (2005) as himself
• Charlie Bartlett (2007) as A/V Jones
• Mookie’s Law (2008) as Chet Walters
• Beyond the Break: One Elle of a Party (2009) as himself
• When I was 17: Drake, Jennie Finch & Queen Latifah (2010) as himself
• Breakaway (2011) as himself
• Ice Age: Continental Drift (2012) voiceover as Ethan
• Anchorman 2: The Legend Continues (2013) as Cameo
• Think Like a Man Too (2014) as himself

In addition to his roles as an actor, Drake also worked as a movie producer on several projects through his DreamCrew production company, including:

• The Carter Effect (2017)
• Remember Me, Toronto (2019)
• Euphoria (2019)
• Chilling Island (2021 – 2022)
• Black Ice (2022)
• French Montana’s For Khadija (2023)

Finally, Drake has appeared on several TV programs and shows, including the 2011 Juno Awards as the host, as well as on Saturday Night Live (2011, 2014, and 2016), and Punk’d (2012).

Young Money Entertainment

Contrary to popular belief, Drake was not yet signed to Wayne’s record label. In 2009, he dropped “So Far Gone,” his third mixtape. On his OVO website, he made the mixtape available for free download. Bun B, Lil Wayne, Trey Songz, Omarion, and Lloyd were among the guests on the mixtape.

The mixtape peaked at #2 on the Billboard Hot 100 and was eventually certified Gold by the RIAA after being downloaded 2000 times in its first hour. Eventually, the mixtape was published as an EP, which won the 2010 Juno Award for Rap Recording of the Year and peaked at #6 on the Billboard 200.

Drake, who remained an independent artist, was suddenly in great demand in the music business. There was a bidding war as labels fought for his signature. There has been speculation that the desperate situation is “the biggest bidding war in music history,” however this has not been verified.

Drake inked a deal with Lil Wayne’s Young Money Entertainment on June 29, 2009. Actually, Universal Music handled distribution for the record agreement, which was a joint venture between Young Money and its parent company, Cash Money.

Mainstream Success

Released on June 15, 2010, “Thank Me Later” was Drake’s first studio album. In both the US and Canada, the album peaked at #1. It peaked at number one on the US Rap, R&B/Hip Hop, and Billboard 100 charts. In the end, the RIAA certified it Platinum.

“Take Care,” his 2011 second studio album, also peaked at number one on many charts across multiple nations before going platinum six times.

Since then, every album has received at least four platinum awards.

One of the most prominent and successful figures in hip-hop and the music business overall is Drake. Many of the biggest names in music, such as Travis Scott, Jay-Z, Eminem, and Kanye West, have collaborated with him. Drake has received numerous award nominations. As of this writing, he has won more than 180 major awards, including four Grammys from more than 40 nominations.

Drake grosses approximately $1 million per concert.

Singles Sold

Compared to other artists in history, Drake has sold the most digital singles. He has sold over 163 million digital singles as of this writing. That’s forty million more than Rihanna, who came in second. With an estimated 26 million records sold, is the 80th-highest-selling musician of all time in terms of album sales. With Shania Twain (48 million) and Celine Dion (50 million), he is now the third-best-selling Canadian musician of all time.

Drake’s Earnings By Year

• 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
• 2021: $40 million
• 2022: $30 million

Total: $503 million

YOLO Estate

Drake was born in Canada, but he moved to Hidden Hills, California, in 2012 after paying $7.7 million in cash to the owner of a grand estate that had previously been the Saddle Ranch Bar in Los Angeles. The property, known as the YOLO Estate, has several homes, including a 2,000-square-foot party house and a 12,000-square-foot main house.

The estate has one of the biggest privately owned pools in Southern California, horse stables, a full-sized basketball court, a sand volleyball court, and a 25-person movie theater. His lagoon-style pool round the outside of the house and has a swim-up bar, an 80-foot water slide, several waterfalls, and a grotto reminiscent of a Playboy mansion.

Drake revealed in an interview with Rolling Stone that he had been eyeing this property for years after finding it as one of the top results when searching for “craziest residential swimming pools” online. He spent years using an image of a pool as his computer’s background to keep himself motivated. In 2009, the house was listed for $27 million by its previous owner. When the previous owner ran out of money in 2012, Drake pounced and purchased it for $7.7 million.

In 2015, he expanded his holdings by paying $2.8 million to purchase the nearby 1.6-acre estate. He expanded the property once more in 2018 when he paid $4.5 million to purchase a second nearby home. His current private estate includes 6.7 acres of continuous land at the end of a cul-de-sac, which alone cost $15 million to purchase.

In March 2022, Drake put the YOLO Estate up for sale, asking $22.7 million. The main mansion was also available for $14.8 million to a buyer.

NFL player Matthew Stafford purchased two of the three houses that were comprised the YOLO Estate for $11 million in April 2022—$3.6 million more than the asking price. The main “YOLO” home was not one of Matthew’s two acquisitions. The third parcel was purchased for $12 million in July 2022 by a buyer.

This is a video showing the entire three-unit property:

Toronto Mansion

Drake paid $6.7 million in 2016 to purchase a piece of property in The Bridle Path, a Toronto suburb. On the two acres, he went on to construct a 50,000-square-foot home. The home has an NBA-sized basketball court, a gym, an awards room, a 10-car garage, and many more amenities. At 3,200 square feet, the master bedroom is the largest.

In addition, he has a condo in Toronto’s downtown.

$90 Million Beverly Hills Mansion

Drake was said to have closed on the purchase of British musician Robbie Williams’ 20-acre Beverly Hills estate on March 8, 2022. In an off-market transaction, Drake paid $75 million. Armand Marciano, a co-founder of Guess? clothing firm, owned the house prior to Robbie Williams. Drake put down $22.5 million, or precisely 30%, of the $52.5 million mortgage with Bank of America to buy the house through a corporate organization called 11Kip, LLC.

A little more than a year after paying $75 million for the Beverly Hills house, Drake put it up for sale in May 2023 with an asking price of $88 million. In May 2024, he put it up for sale for the same amount. A video tour of Drake’s Beverly Hills estate may be found here:

300+ Acre Texas Estate

In October 2023, Drake paid $15 million for a 313-acre property that was formerly a resort called The Inn at Dos Brisas, now known as Dos Brisas Ranch. In the early 2000s, the estate was a private compound for a wealthy family. That family converted the property into a resort in 2004. At its peak, The Inn at Dos Brisas was quite popular and successful, receiving many high-profile accolades.

Like many hospitality businesses, The Inn suffered greatly due to COVID and was shut down permanently in 2022. The estate hit the market in April 2022 for $17.5 million. The price was lowered to $15 million in May 2023. Drake purchased the property in October 2023 for an undisclosed amount that is greater than $10 million.

Air Drake Private Jet

Drake unveiled his recently acquired Boeing 767 private plane on Instagram in May 2019. He has named and painted it “Air Drake.” Drake claims in the video that he owns the jet outright and is proud of it, saying there is “no rental, no timeshare, no co-owners.” A private jet of the same model and caliber would cost between $75 and $100 million.

Drake’s Net Worth Milestones

In November 2009, Drake was added to Celebrity Net Worth for the first time, with a $1 million initial assessment. Only a few months before, he had signed with Young Money, Lil Wayne’s record label. His net worth exceeded $25 million by 2012. He exceeded $45 million by 2014. He first exceeded $80 million by the end of 2016. He easily surpassed $100 million by early 2018 because to his amazing near-$100 million earnings in 2017. His net worth crossed the $150 million mark for the first time in May 2019.

Business Ventures

Drake has supported a number of well-known companies throughout the years, most notably Sprite, Burger King, Whataburger, Nike, and Apple. Drake inked a $19 million exclusive deal with Apple Music at the time of its debut. Thanks to this agreement, Apple will be the first and only place where Drake’s future solo releases are available.

Warner Bros. Records distributes Drake’s own record label, OVO Sound, which he founded in 2012. Apart from Drake, OVO Sound currently represents music for producers including Boi-1da, Future the Prince, Mike Zombie, and others, as well as musicians like PartyNextDoor, Majid Jordan, and Kash Doll.

His role as the Toronto Raptors’ “global ambassador” includes hosting an annual Drake Night event alongside the team.

Virginia Black, a whiskey with a bourbon basis, was introduced by Drake in 2016. Four thousand bottles were sold by the company in its first week of business. The company shipped an additional thirty thousand units later in the year.

Tours

2010 saw Drake embark on his first headline tour, the “Away From Home Tour.” Through 2019, he went on five more headline tours. Moreover, he has co-headlined four tours, the most recent of which was in 2018 with the rap group Migos.

With a revenue of $84.3 million from 54 gigs, his 2016 “Summer Sixteen Tour” was the highest-grossing hip-hop tour of all time. That works out to a $1.56 million gross per show on average. In 2018, he eclipsed that record with his Migos co-headlining tour, making $80 million over 43 performances. That works out to a $1.86 million gross per show on average.

Every summer Drake puts on a festival in Toronto called “OVO Fest” that sells out instantly.

Drake can easily make $500,000 for a single show at his ongoing residency at the XS Nightclub in Las Vegas. For a more formal performance, he now receives more than $2 million.

Awards and Accomplishments

Having such a successful career has made Drake one of the richest rappers in the world – but it has also brought him many prestigious awards over the years. Some of the biggest awards he’s won over the years are:

• Grammy Award for Best Rap Album in 2013
• American Music Award for Favorite Rap/Hip-Hop Artist in 2016
• American Music Award for Favorite Soul/ R&B Song for Work ft. Rihanna in 2016
• American Music Award for Favorite Rap/Hip-Hop Song for Hotline Bling in 2016
• Billboard Music Awards for Top Artist in 2017, 2019, and 2022
• Grammy Award for Best Rap Song in 2017
• Grammy Award for Best Melodic Rap Performance in 2017
• Grammy Award for Best Rap Song in 2019
• BET Awards for Best Male Hip-Hop Artist in 2010 and 2012
• American Music Award for Favorite Rap/Hip-Hop Male Artist in 2021
• All Africa Music Awards for Best Global Act in 2021
• Billboard Music Awards for Artist of the Decade in 2021

Car Collection

Drake’s car collection is worth millions, too, and he expands his asset portfolio by adding new cars to his garage almost every year. Here are some of the vehicles he has owned so far:

• 2010 Mercedes-Benz SLR McLaren: $400,000 – $500,000
• 2015 Brabus 850: $200,000 – $300,000
• 2010 Bugatti Veyron – Sang Noir Edition: $2 million – $2.5 million
• 2010 Bentley Continental Supersports Convertible: $80,000 – $120,000
• 2015 Rolls-Royce Wraith: $150,000 – $200,000
• 2016 Ferrari LaFerrari: $2.5 million – $3 million
• 2016 McLaren 675LT: $200,000 – $250,000
• 2016 Lamborghini Aventador LP-700-4 Roadster: $350,000 – $400,000
• 2017 Bentley Mulsanne: $200,000 – $250,000
• 2018 Devel Sixteen: $1.5 million – $2 million
• 2015 Mercedes-Maybach S600 Pullman: $300,000 – $400,000
• 2019 Mercedes-Maybach G650 Landaulet: $1 million – $1.5 million
• 2020 Mansory Rolls-Royce Phantom: $500,000 – $700,000

Drake’s Watches and Jewelry

Drake possesses a remarkable assortment of high-end timepieces as part of his net worth. He has been spotted wearing expensive timepieces from Audemars Piguet, Richard Mille, Patek Philippe, and Rolex over the years. A selection of the timepieces he own is as follows:

• Patek Philippe Nautilus customized watch by Virgil Abloh is valued in the seven-figure range
• Nautilus Iced Out 5719/10G-010 is worth over $800,000
• Rolex Sky-Dweller Iced Out 326959TBR is worth about $1.5 million
• Richard Mille 69 Tourbillon Erotic is worth approximately $790,000

Drake has millions of dollars’ worth of jewelry in addition to his opulent timepieces. The $2 million diamond necklace from Frank Ocean’s Homer, which has 127.5 carats, is one of his jewelry pieces. With 42 engagement rings and 351.38 carats of diamonds, the renowned “wedding ring necklace” is valued at more than $12.5 million today.

Key takeaways about Drake, career highlights

Here are some of the highs and lows of Drake’s career so far.

• 1986: Born in Toronto, Ontario, Canada.
• 2006: Released his debut mixtape, Room for Improvement.
• 2009: Released his debut studio album, Thank Me Later.
• 2011: Released his second studio album, Take Care.
• 2013: Released his third studio album, Nothing Was the Same.
• 2015: Released his fourth studio album, Views.
• 2017: Released his fifth studio album, More Life.
• 2018: Released his sixth studio album, Scorpion.
• 2021: Released his seventh studio album, Certified Lover Boy.

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