Drake Net Worth2023: Drake, a multi-talented Canadian figure, boasts a remarkable net worth of $250 million, consistently ranking among the globe’s highest-earning entertainers. His journey commenced in the realm of acting, gracing the screens of the hit Canadian TV series, “Degrassi: The Next Generation.” However, it was the world of music that catapulted him to international stardom. Since 2006, he’s been crafting a legacy through a series of chart-topping tracks.
What is Drake’s Net Worth?
His debut studio album, “Thank Me Later,” stormed the hip-hop charts at #1 in 2010, setting the stage for an unparalleled musical journey. Drake’s unwavering dedication led to an extensive tour schedule, numerous appearances on music programs and awards shows, all with the overarching goal of amassing a diverse and extensive fan base.
From the zenith of his mainstream breakthrough, Drake has amassed a staggering $430 million in earnings, before accounting for taxes and lifestyle expenses.
A glimpse into his annual earnings paints a picture of his financial ascent. Between June 2017 and June 2018, he pocketed $45 million, with a total of $95 million earned in 2017. The following year, spanning June 2018 to June 2019, saw his earnings soar to $75 million, followed by another impressive $50 million in the subsequent 12 months.
Drake’s journey is a testament to his unwavering dedication and talent that continues to make waves in the entertainment industry.
How Much Does Drake Make a Month
Drake’s Salary$70 Million Per Year
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Summary of Drake Net Worth
|Category||Richest Celebrities › Rappers|
|Net Worth||$250 Million|
|Salary||$70 Million Per Year|
|Date of Birth||Oct 24, 1986 (36 years old)|
|Place of Birth||Toronto|
|Height||6 ft (1.83 m)|
|Profession||Actor, Singer, Songwriter, Rapper, Voice Actor, Composer, Record producer|
Drake Universal Music Group Contract
During Universal Music Group’s Q1 earnings call in May 2022, an exciting announcement reverberated through the music industry. Universal disclosed that they had secured a “long-term worldwide partnership” with the renowned artist Drake. This partnership encompassed a vast spectrum of artistic endeavors, spanning from recorded music and music publishing to the realms of film, television, and brand collaborations.
Drake himself had hinted at this monumental deal in his lyrics, with one particular verse alluding to a contract that came with a significant “360 up front.” In the wake of Universal’s confirmation, speculation has swirled regarding the exact value of this extraordinary agreement. While some sources have suggested a staggering sum of $360 million upfront, others have ventured even higher, estimating the deal’s worth at a monumental $400 million or more.
To provide perspective, it’s worth noting that prior to this groundbreaking deal, Drake’s music catalog alone was generating a staggering $50 million in annual revenue for the company.
If we assume the deal’s value indeed reached the $400 million mark, Drake, after accounting for taxes, would theoretically find himself in possession of a substantial upfront payment of $200 million—an unprecedented milestone in the world of music and entertainment.
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Drake Early Life | What is Drake’s Net Worth
Aubrey Drake Graham, born on October 24, 1986, in Toronto, Canada, carries a life story marked by a blend of musical roots and personal challenges. His father, Dennis, carved a musical path as a drummer, collaborating with notable artists such as Jerry Lee Lewis during his career. In contrast, Drake’s mother, Sandra, known as Sandi, balanced her roles as an English teacher and florist.
Drake’s early years included attendance at a Jewish day school and a formal Bar Mitzvah celebration, reflecting the diverse cultural influences that shaped his upbringing.
However, when Aubrey was just five years old, his parents’ marriage ended in divorce. Following their separation, his father relocated to Memphis, where he faced a period of incarceration due to drug-related charges. Aubrey stayed with his mother in Toronto but maintained a connection with his father through annual summer visits when circumstances allowed.
The dynamics of his childhood were complex, with Drake later recounting a sense of paternal absence. However, these claims have been met with vehement denials by his father, who insists they were embellished for the sake of artistic expression and record sales.
Drake and his mother, amid financial constraints, resided in the lower half of a two-story townhome in the affluent suburb of Forest Hill. His mother occupied the street-level floor, while Drake made his home in the basement, a testament to their humble circumstances.
Drake’s journey through education led him to Forest Hill Collegiate Institute, where he discovered a passion for acting and singing. Later, he attended Vaughan Road Academy, where he grappled with bullying, stemming from his mixed-race and religious background. He briefly dropped out but eventually persevered, graduating in 2012—a testament to his resilience in the face of adversity.
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Drake Degrassi | What is Drake’s Net Worth
At the tender age of 15, a serendipitous connection altered the course of Drake’s life. It was the father of a childhood friend, an acting agent, who extended a helping hand, leading Drake to a role in the enduring Canadian teen drama series, “Degrassi: The Next Generation.” In this televised narrative, he embodied the character of Jimmy Brooks, a basketball prodigy whose life took a dramatic turn after he became disabled, the result of a classmate’s gunshot. Drake’s portrayal graced the show from its inaugural season through to the seventh, with intermittent guest appearances in 2008.
During his tenure on “Degrassi,” life off-screen presented a series of challenges. Drake’s mother fell ill and was unable to work, rendering their financial situation precarious. At that juncture, his paychecks from “Degrassi” constituted their sole source of income for several years. These earnings amounted to approximately $50,000 per year in salary, equivalent to roughly $2,000 per month after accounting for taxes.
It was a period marked by resilience and determination, one that Drake would later reflect upon, shedding light on the hurdles he faced during his journey to stardom.
My mother was very sick. We were very poor, like broke. The only money I had coming in was off of Canadian TV.
Drake Music Career
Intrigued by the success stories of rap luminaries like Jay-Z, who had earned record deals after making their mark as independent artists, Aubrey decided to embrace his middle name, “Drake,” as his stage persona. This marked the inception of his journey into the music industry, one that began with the release of mixtapes in 2006.
In February 2005, he unveiled his inaugural mixtape, “Room for Improvement,” via his website and official MySpace page. To his credit, Drake managed to sell over 6,000 copies directly to his growing fan base. The following year, he presented his second mixtape, “Comeback Season,” under his freshly minted label, October’s Very Own (also known as OVO Records). Notably, this mixtape featured an underground sensation titled “Replacement Girl.” Its music video made history as the first video by an unsigned Canadian rapper to grace BET’s platform. One version of the song cleverly incorporated a spliced sample from “Man of the Year” by Brisco, Flo Rida, and Lil Wayne.
Fate intervened when Houston-based producer and Rap-A-Lot Records founder, Jas Prince, chanced upon this single and recognized its potential. He promptly passed it on to Lil Wayne, who was suitably impressed. Wayne extended an invitation to Drake to join him on his Tha Carter III tour, prompting Drake to fly to Houston. As the tour unfolded, the creative synergy between Drake and Wayne ignited, resulting in the creation of several noteworthy tracks, including “Brand New,” “Forever,” and “Ransom.” This marked the commencement of Drake’s ascent in the music industry.
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Drake Young Money Entertainment
Contrary to assumptions, Drake had not inked a deal with Lil Wayne’s record label at this juncture. In 2009, he released his third mixtape, “So Far Gone,” and took a unique approach by offering it as a free download through his OVO website. This mixtape featured notable guest appearances from artists such as Lil Wayne, Lloyd, Trey Songz, Omarion, and Bun B. Its release was nothing short of a phenomenon, amassing an astounding 2,000 downloads in its very first hour.
The mixtape’s impact was undeniable, earning it a coveted Gold certification from the RIAA and soaring to the #2 position on the Billboard Hot 100 chart. Following its monumental success, “So Far Gone” was later re-released as an EP, debuting at an impressive #6 on the Billboard 200 chart. It further solidified its legacy by clinching the 2010 Juno Award for Rap Recording of the Year.
Drake, still an independent artist at this juncture, found himself in high demand within the music industry. A fierce bidding war erupted among various labels, each vying for the chance to sign this burgeoning superstar. Though often touted as “the biggest bidding war in music history,” this distinction remains unconfirmed.
On June 29, 2009, the momentous ink hit paper as Drake signed a contract with Lil Wayne’s Young Money Entertainment. This record deal was structured as a joint venture between Young Money and its parent company, Cash Money, with Universal Music overseeing distribution—an agreement that would prove pivotal in propelling Drake to even greater heights in the music industry.
Drake Singles Sold
Drake’s musical prowess has etched a historic chapter in the digital age of music. With a staggering 163 million digital singles sold, he holds the distinction of being the highest-selling artist in this digital realm. This remarkable feat places him a substantial 40 million digital singles ahead of the second-ranking artist, Rihanna.
In the realm of album sales, Drake stands as the 80th highest-selling musician of all time, boasting an impressive estimated tally of 26 million albums sold. This accomplishment further solidifies his status as one of the most influential figures in contemporary music.
Within the Canadian music landscape, Drake stakes his claim as the third best-selling artist of all time, following in the footsteps of two illustrious compatriots. He trails behind the incomparable Shania Twain, with 48 million albums sold, and the iconic Celine Dion, who boasts a remarkable 50 million album sales. Drake’s impact on the music industry is a testament to his enduring legacy and global appeal.
A Timeline of Drake’s Financial Journey 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
- Total: $433 million
Drake YOLO Estate
Drake, though originally hailing from Canada, has established his abode in Hidden Hills, California, since 2012. His real estate venture took flight when he acquired a sprawling mansion from the former owner of Los Angeles’ Saddle Ranch Bar, a transaction sealed with a cool $7.7 million in cash. This opulent property, affectionately known as the YOLO Estate, is nothing short of a luxurious playground.
The YOLO Estate is a sprawling wonderland that boasts multiple residences, including a grand 12,000-square-foot main house and a charming 2,000-square-foot party house. It features an array of extravagant amenities, including equestrian stables, a lavish 25-person movie theater, a full-sized basketball court, and a sand volleyball court. However, the crowning jewel of this estate is undoubtedly one of the largest privately-owned pools in Southern California. The lagoon-like pool meanders around the exterior of the house, complete with cascading waterfalls, a swim-up bar, an 80-foot water slide, and a grotto reminiscent of the iconic Playboy Mansion.
Drake’s affinity for this estate dates back to his days of Googling “craziest residential swimming pools,” where he stumbled upon this gem. He even used a photo of the pool as his computer’s background image for years. Remarkably, the former owner initially listed the house for a princely sum of $27 million in 2009. By 2012, circumstances had changed, and Drake seized the opportunity, acquiring the property for $7.7 million.
In subsequent years, Drake expanded his Hidden Hills kingdom. In 2015, he annexed the neighboring 1.6-acre estate for $2.8 million, followed by another expansion in 2018, when he spent $4.5 million to acquire yet another neighboring property. These strategic acquisitions have transformed his private estate into a sprawling 6.7-acre oasis, strategically positioned at the end of a cul-de-sac—an investment totaling $15 million in real estate acquisition costs alone.
In March 2022, Drake listed the YOLO Estate for an impressive $22.7 million, with the option for prospective buyers to acquire the primary mansion separately for $14.8 million. NFL star Matthew Stafford made a notable move in April 2022, acquiring two of the three estates that once constituted the YOLO Estate, paying a remarkable $11 million, which exceeded the asking price by $3.6 million. However, this acquisition did not include the primary “YOLO” mansion. In July 2022, the final parcel of the estate found a new owner, who secured it for $12 million, sealing the chapter on Drake’s Hidden Hills legacy.
Drake Toronto Mansion
In 2016, Drake made a substantial investment in his hometown, Toronto, by acquiring a plot of land in the suburban enclave known as The Bridle Path. This two-acre expanse provided the canvas for a grand vision: the construction of a colossal 50,000-square-foot mansion.
This architectural marvel boasts an array of luxurious amenities, including a spacious 10-car garage to house his impressive collection of automobiles. The property also features a regulation-size NBA basketball court, a state-of-the-art gym, and a dedicated awards room to commemorate his numerous accolades. The opulence extends even further, with the master bedroom alone occupying a sprawling 3,200 square feet—a testament to Drake’s penchant for lavish living.
Drake $90 Million Beverly Hills Mansion
On March 8, 2022, news broke that Drake had sealed a deal to purchase the sprawling Beverly Hills mansion previously owned by British singer Robbie Williams. This off-market acquisition came with a hefty price tag, as Drake forked over a substantial $75 million for the property.
However, it appears that Drake’s real estate portfolio was subject to change. Just over a year later, in May 2023, he made the decision to list the Beverly Hills estate for sale, presenting it to the market with an asking price of $88 million—an interesting turn of events in the world of luxury real estate.
Drake Private Jet
In May 2019, Drake took to Instagram to unveil a remarkable addition to his possessions: a newly-acquired Boeing 767 private jet. He affectionately christened and adorned it as “Air Drake.” In his Instagram video, Drake exuded pride, declaring his full ownership of the jet with unequivocal statements—no rental, no timeshare, no co-owners.
The value of a private jet of similar make and quality typically falls within the impressive range of $75 million to $100 million, underscoring the magnitude of Drake’s acquisition and his commitment to soaring through the skies in unparalleled style and luxury.
Drake’s Net Worth Milestones
Drake’s journey to financial success has been nothing short of remarkable. He made his debut on Celebrity Net Worth back in November 2009, when his initial estimated net worth was a modest $1 million. At that time, he had recently inked a deal with Lil Wayne’s Young Money.
However, Drake’s career was on an upward trajectory, and his financial fortunes mirrored his rising star. By 2012, his net worth had surged to an impressive $25 million, a testament to his growing influence in the music industry. Two years later, in 2014, his wealth soared to $45 million, reflecting his continued ascent.
The financial milestones kept coming for Drake. By late 2016, he had crossed the $80 million mark for the first time, showcasing his enduring success. In 2017, a watershed year in his career, he earned nearly $100 million, a monumental feat that propelled his net worth to comfortably exceed $100 million by early 2018.
The pinnacle of his financial journey arrived in May 2019 when Drake’s net worth soared past the remarkable milestone of $150 million, underscoring not only his musical prowess but also his savvy business acumen and shrewd investments.
Drake Personal Life
Drake’s romantic life has often found itself in the spotlight, marked by a series of high-profile relationships. One of his most notable dalliances was with the renowned singer Rihanna, a love story that unfolded in a series of on-again, off-again chapters from 2009 to 2016. Reflecting on their connection, Drake openly expressed his deep feelings, referring to Rihanna as “the woman I’ve been in love with since I was 22 years old.”
However, in October 2017, a new chapter in Drake’s personal life began when French model, actress, and artist Sophie Brussaux welcomed their son, Adonis, into the world. It wasn’t until the following year, in 2018, that Drake publicly acknowledged his fatherhood, marking a significant milestone in his life.
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