Drake Net Worth (Money & Salary)
Title: Drake Net Worth (Money & Salary)
Last Updated: December 4, 2024
What is Drake’s Net Worth?
With a net worth of $250 million, Drake is a Canadian-born actor, producer, and rapper who frequently ranks among the highest-paid entertainers globally. His career commenced as an actor on the popular Canadian TV series “Degrassi: The Next Generation.” Nevertheless, it was in music where he truly gained international fame. Since 2006, he has continuously produced hit after hit, with his debut studio album, “Thank Me Later,” debuting at #1 on the hip-hop charts in 2010. Since then, he has maintained a rigorous touring schedule and has made numerous appearances on various music programs and awards shows, all while focusing on expanding his fanbase.
To date, Drake has amassed over $430 million throughout his career, prior to taxes and lifestyle expenses.
Between June 2017 and June 2018, he earned $45 million, following a total of $95 million in 2017. From June 2018 to June 2019, his earnings reached $75 million, and in the subsequent year, he made $50 million. For a detailed yearly breakdown of Drake’s earnings, scroll down.
Universal Music Group Contract
During Universal Music Group’s Q1 earnings call in May 2022, the company announced that it had renewed its long-term global partnership with Drake. This agreement covers various aspects including “recorded music, music publishing, film, television, and brands.” Drake has referenced this agreement in some of his lyrics, notably mentioning a deal that included “360 up front.” Following Universal’s announcement, some interpreted this lyric to indicate the deal offered him $360 million up front. Other estimates suggest the value of this contract could exceed $400 million. In the years leading up to this agreement, Drake’s music catalog alone was generating annual revenues of $50 million for Universal.
If the deal was indeed valued at $400 million, it can be theorized that Drake would receive approximately $200 million after taxes.
Early Life
Born on October 24, 1986, in Toronto, Canada, Aubrey Drake Graham is the son of Dennis, a drummer who performed with artists like Jerry Lee Lewis, and Sandra, also known as Sandi, who worked as an English teacher and florist. Drake received a Jewish education and celebrated his Bar Mitzvah, highlighting his cultural upbringing.
When Aubrey was only five, his parents divorced; his father moved to Memphis and later faced legal issues, leading to several years of incarceration due to drug-related crimes. While his father was away, Aubrey lived with his mother in Toronto, visiting his father every summer, circumstances permitting. Drake would later characterize his father’s absence in childhood, a claim that Dennis has consistently denied, arguing that it was exaggerated for commercial gains.
Drake and his mother resided in the lower half of a two-story townhouse in the affluent suburb of Forest Hill beginning in sixth grade. Drake occupied the basement while his mother lived on the main level. Although they lived in an upscale neighborhood, they faced financial hardships.
While a student at Forest Hill Collegiate Institute, Drake developed a passion for acting and singing. He then attended Vaughan Road Academy, where he faced bullying due to his biracial and religious identity. After a brief period of dropping out, he ultimately graduated in 2012.
Degrassi
At the age of 15, a childhood friend’s father, who was an acting agent, assisted Drake in securing a role on the long-running Canadian teen drama “Degrassi: The Next Generation.” He portrayed Jimmy Brooks, a basketball star who…
disabled after a classmate shot him. He was part of the cast for seasons 1 through 7, also making guest appearances in 2008.
During Drake’s time on Degrassi, his mother fell ill, rendering her unable to work. For several years, their sole income was his Degrassi earnings. At that time, he was making $50,000 per year in salary from the show, which translates to roughly $2000 per month after taxes. He later reflected on that difficult period:
“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 February 2005, he released his debut mixtape, “Room for Improvement,” through his website and MySpace page, selling over 6,000 copies directly. The following year, he launched his second mixtape, “Comeback Season,” via his newly formed label, October’s Very Own (OVO Records). This project included an underground hit single titled “Replacement Girl.” The music video marked the first instance of an unsigned Canadian rapper being featured on BET. One version of the track included a sampled portion from “Man of the Year” by Brisco, Flo Rida, and Lil Wayne.
Jas Prince, a Houston-based producer and founder of Rap-A-Lot Records, heard the single and shared it with Lil Wayne. Impressed, Lil Wayne reached out to Drake, inviting him to Houston to join his Tha Carter III tour. Throughout the tour, Drake and Wayne collaborated on multiple songs, including “Brand New,” “Forever,” and “Ransom.”
Young Money Entertainment
Contrary to common assumption, Drake had not yet signed with Wayne’s record label at this stage. In 2009, he released his third mixtape titled “So Far Gone,” offering it as a free download on his OVO website. This mixtape featured contributions from artists like Lil Wayne, Lloyd, Trey Songz, Omarion, and Bun B. After racking up 2000 downloads in its first hour, it was ultimately certified Gold by the RIAA and peaked at #2 on the Billboard Hot 100. Later, it was released as an EP, debuting at #6 on the Billboard 200 and earning the 2010 Juno Award for Rap Recording of the Year.
Remaining an independent artist, Drake now found himself highly sought after in the music industry, instigating a bidding war among various labels vying for his signature. This has been described as “the biggest bidding war in music history,” though that claim remains unverified.
On June 29, 2009, Drake signed a contract with Lil Wayne’s Young Money Entertainment. The deal was structured as a joint venture between Young Money and its parent company, Cash Money, with Universal Music overseeing distribution.
(Photo by Frazer Harrison/Getty Images)
Mainstream Success
The debut studio album from Drake, titled “Thank Me Later,” was
on June 15, 2010, the album was released, achieving #1 status in both Canada and the US. In the US, it reached #1 on the Billboard 100, #1 on the R&B/Hip Hop, and #1 on the US Rap charts. Eventually, the RIAA certified it Platinum.
His subsequent studio album, “Take Care,” released in 2011, also topped charts in various countries and received a 6-times Platinum certification.
Every album that followed has been certified at least 4-times Platinum.
Drake stands as one of the most accomplished and influential figures in hip-hop, as well as the broader music industry. He has collaborated with numerous prominent artists, including Kanye West, Eminem, Jay-Z, and Travis Scott. Drake has garnered a multitude of award nominations and, as of this writing, has secured over 180 major awards, including four Grammys out of more than 40 nominations.
He reportedly earns around $1 million per concert.
Singles Sold
Drake holds the record for selling more digital singles than any artist in history. As of this writing, his digital singles sales have exceeded 163 million, surpassing Rihanna by 40 million. In terms of album sales, he ranks as the 80th highest-selling musician of all time, with an estimated 26 million albums sold. This achievement positions him as the third best-selling Canadian musician ever, following Shania Twain (48 million) and Celine Dion (50 million).
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
(Photo by Christopher Polk/Getty Images)
YOLO Estate
Although born in Canada, Drake made Hidden Hills, California, his home starting in 2012 when he purchased a luxurious mansion from the former owner of Los Angeles’ Saddle Ranch Bar for $7.7 million cash. Known as the YOLO Estate, this property includes multiple residences such as a main house spanning 12,000 square feet and a 2,000-square-foot party house. The estate boasts equestrian stables, a movie theater that accommodates 25 people, a standard basketball court, a sand volleyball court, and one of Southern California’s largest private pools. His lagoon-style pool, which surrounds the house, features several waterfalls, a swim-up bar, an 80-foot water slide, and a grotto reminiscent of the Playboy mansion.
In a Rolling Stone interview, Drake shared that he had coveted this mansion for years after discovering it while searching “craziest residential swimming pools” online, which featured it as one of the results. As a source of motivation, he kept a picture of the pool as his computer background for many years. Originally listed for $27 million in 2009, the former owner faced financial difficulties by 2012, allowing Drake to acquire it for $7.7 million.
In 2015, he expanded his estate by acquiring an adjacent 1.6-acre property for $2.8 million. In 2018, he further enlarged the estate…
After spending $4.5 million to acquire another neighboring house, his private estate has expanded to encompass 6.7 acres of adjacent property located at the end of a cul-de-sac, which alone accounts for $15 million in real estate acquisition costs.
In March 2022, Drake put the YOLO Estate on the market for $22.7 million, with the primary mansion available for a separate price of $14.8 million.
NFL star Matthew Stafford, in April 2022, purchased two of the three estates that were previously part of the YOLO Estate for $11 million, exceeding the asking price by $3.6 million. Matthew’s acquisitions did not include the main “YOLO” mansion. Subsequently, in July 2022, another buyer acquired the third parcel for $12 million.
Below is a video showcasing the complete 3-estate property:
Toronto Mansion
In the year 2016, Drake invested $6.7 million in a plot of land located in suburban Toronto, specifically in an area known as The Bridle Path. He went on to construct a 50,000-square-foot mansion on the two-acre site. The residence includes a garage for ten cars, a regulation-size NBA basketball court, a gym, an awards room, among other features. The master bedroom itself covers an impressive 3,200 square feet.
Additionally, he owns a condominium in the heart of downtown Toronto.
$90 Million Beverly Hills Mansion
On March 8, 2022, reports emerged stating that Drake made a deal to acquire British singer Robbie Williams’ 20-acre mansion in Beverly Hills for $75 million in an off-market transaction. Prior to Robbie Williams, the property was owned by Guess? co-founder Armand Marciano. Drake acquired the home through a corporate entity named 11Kip, LLC, financing $52.5 million with a mortgage from Bank of America, resulting in a $22.5 million cash down payment, which is exactly 30%.
In May 2023, slightly more than a year after securing the Beverly Hills estate for $75 million, Drake relisted the property for $88 million. The listing was renewed at the same price in May 2024. Check out the tour video of Drake’s Beverly Hills mansion:
300+ Acre Texas Estate
In October 2023, Drake acquired a 313-acre property, previously a resort known as The Inn at Dos Brisas, now referred to as Dos Brisas Ranch, for $15 million. This estate was used as a private compound for an affluent family in the early 2000s, who transitioned it into a resort in 2004. At its prime, The Inn at Dos Brisas gained considerable popularity and recognition.
However, similar to many hospitality businesses, The Inn faced severe challenges due to COVID and was permanently closed in 2022. The estate was initially listed in April 2022 for $17.5 million, with the price reduced to $15 million by May 2023. Drake purchased the property in October 2023 for an undisclosed amount exceeding $10 million. Here’s the video tour:
Air Drake Private Jet
In May 2019, Drake revealed his newly-acquired Boeing 767 private jet, which he has named (and customized) “Air Drake,” through an Instagram video. The video expresses Drake’s pride in owning the jet outright, stating that it belongs solely to him with “no rental, no timeshare, no co-owners.”
A private jet of comparable model and quality would have a valuation in the range of $75 – $100 million.
(Photo by Tom Szczerbowski/NBAE/Getty Images)
Milestones in Drake’s Net Worth
In November 2009, we first estimated Drake’s net worth at $1 million when he joined Celebrity Net Worth. Just months prior, he had signed with Lil Wayne’s Young Money. By 2012, his net worth rose to over $25 million and reached $45 million by 2014. Late 2016 brought his first crossing of the $80 million mark. His remarkable earnings of nearly $100 million in 2017 pushed him past $100 million by early 2018. In May 2019, he surpassed the $150 million threshold for the first time.
Entrepreneurial Ventures
Throughout the years, Drake has promoted numerous major brands, most notably Sprite, Burger King, Whataburger, Nike, and Apple. Upon the launch of Apple Music, he secured a $19 million exclusivity agreement, making it the only platform for all future solo releases from Drake.
In 2012, Drake established his own record label, OVO Sound, distributed by Warner Bros. Records. In addition to Drake, OVO Sound now represents artists like PartyNextDoor, Majid Jordan, and Kash Doll, along with producers such as Boi-1da, Future the Prince, Mike Zombie, among others.
He holds the title of “global ambassador” for the Toronto Raptors and organizes an annual Drake Night with the team.
In 2016, he introduced his own bourbon-based whiskey brand, Virginia Black, achieving sales of 4,000 bottles in its first week and shipping an additional 30,000 units later that year.
Concert Tours
Drake’s initial headline tour, the “Away From Home Tour,” took place in 2010. He continued with five more headlining tours through 2019 and also co-headlined four tours, including a collaboration with the rap group Migos in 2018.
His “Summer Sixteen Tour” in 2016 became the highest-grossing hip-hop tour at that time, amassing $84.3 million across 54 performances, averaging $1.56 million in gross per show. The Migos co-headlining tour in 2018 set a new record with $80 million earned over 43 shows, averaging $1.86 million per concert.
Every summer, he hosts a festival in Toronto named “OVO Fest,” which sells out rapidly.
Drake maintains a residency at the XS Nightclub in Las Vegas, where a single appearance can earn him $500,000, and he now generates over $2 million for more formal concerts.
Life Outside of Music
Drake’s personal life includes several high-profile relationships. He had an on-and-off romance with Rihanna from 2009 to 2016, later stating that she is “the woman I’ve been in love with since I was 22 years old.”
In October 2017, a French model, actress, and artist named Sophie Brussaux gave birth to his son, Adonis. Drake did not publicly acknowledge his fatherhood until 2018.
Drake Net Worth (Money & Salary)
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The data includes information from 2023 and 2024, with projections extending to 2025 and 2026. Additionally, the forecast data is expanded through 2027 and 2028.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
Post Title: Drake Net Worth (Money & Salary)
Last Updated: December 4, 2024
