Drake is Worth $260 million
|Other Name||Aubrey Drake Graham|
|Birthday||24 October 1986 in Toronto, Canada|
|Birth Place||Toronto, Canada|
|Height||5ft 11 ¾ (182 cm)|
Drake is one of the most successful rappers in the world, ranking at #5 on our list of Top Ten Richest Rappers in the World with a staggering net worth of $260 million!
Though Drake is rightly considered as one of the kings of rap, before he got his big break in music, he started out on the Canadian teen drama show ‘Degrassi’, playing basketball star Jimmy Brooks, a role he landed at the young age of 15.
Despite his early success in acting and rise to TV fame, music has always been Drake’s passion. This can be seen clearly in his musical resume and accolades, which boasts everything from 7 albums to 47 Grammy nominations.
But it’s not only acting and music that has helped Drake to make his fortune. So, how much is Drake worth these days?
Trivia: Although Drake has yet to pen his wedding vows, he has had a string of high-profile relationships, and even revealed that he has an enormous Hermes Birkin bag collection that he has been curating for several years and plans to gift his future wife.
How Much is Drake Worth?
Overall Drake's net worth as of 2022 is a massive $260 million which is made up of his global record sales, musical label deals, and concerts. As well as his earning potential in the music industry, Drake also has an impressive spread of business and investment ventures, including massive brand deals with the likes of sporting giant Nike and, of course, property.
But Drake is no penny pincher and whilst he has often been in trouble in the media over secret flings and very public feuds, Drake is also known for his charitable work including a donation of $50,000 to a homeless shelter in Miami that he gave whilst passing through on tour in 2018.
Trivia: Drake dropped out of high school to pursue his acting and then music career and didn’t in fact graduate until 2012!
How Much does Drake Make Through his Music?
Overall, Drake has released seven studio albums and three mixtapes, starting with his 2010 debut album ‘Thank Me Later’.
And that was only the start of his success. Drake has sold over 170 million records globally and boasts over 65 million monthly listeners on Spotify. He is also the most streamed artist on the platform.
In 2009 he signed to Lil Wayne’s record label ‘Young Money Entertainment’, having collaborated with the artist on several songs. By 2010 Drake had moved on from his early mixtapes, ‘Room For Improvement’ and ‘Comeback Season’, released in 2006 and 2007 respectively.
The Hotline Bling rapper has continued to climb to new heights ever since. Drake has won 4 Grammys, founded his own record label, ‘OVO Sound’, and executive produced both Netflix smash hit ‘Top Boy’ and HBO’s hugely successful ‘Euphoria’.
And if that wasn’t enough, the rapper’s ‘Summer Sixteen’ tour has been named the highest-grossing tour in hip-hop history, further contributing to his $260 million net worth. For much of the tour, Drake was joined by fellow hip-hop rapper Future who shared the stage for 54 performances across the US over three months between July and October. Sources claim that tickets brought in $85 million, meaning that almost half of Drake’s net worth was made in one tour!
Since 2014, Drake has moved over 37 million album units and there are estimates that his music brings in roughly $50 million a year alone without touring.
Drake’s most recent music deal, completed in 2021 with Universal Music Group, is vague but reports, as well as Drake’s own lyrics, suggest the deal closed for an eye-watering amount. Drake’s lyrics from ‘Lemon Pepper Freestyle’ off his ‘Scary Hours 2’ EP, reference “three-sixty upfront, it all comes full circle” — or $360 million. Other suggestions include over $400 million. Either way Drake’s status at the top of the music industry can’t be doubted.
Trivia: The Canadian rapper had a slight accident during his ‘America’s Most Wanted’ Tour in July 2009, tearing his anterior cruciate ligament and requiring surgery.
How Much are Drake’s Businesses and Investments Worth?
Drake is quite the businessman and has been a highly sought after supporter of several different business ventures from whiskey to weed.
In 2015, Drake publicized support for Jay- Z’s music platform ‘Tidal’ before switching to a brand endorsement of Apple Music.
His other brand deals include the launch of an apparel line with Nike titled ‘Nocta’ in December 2020 which featured puffer jackets, sweatsuits, and socks. In March 2022, ‘Nocta’ expanded to include footwear, specifically the ‘Hot Step’ in two colorways.
Music and footwear aren’t Drake’s only interests. In 2016, along with ex-banker Brent Hocking, Drake launched a luxury whiskey brand ‘Virginia Black’, selling 30,000 cases in its first year.
In November 2019, the Toronto-born rapper announced his partnership with Canadian Canopy Growth Corporation with plans to grow premium cannabis in Drake's own hometown. Drake revealed he had a majority stake in the company, owning a 60% share, and although products have yet to reach the market, it's certain that Drake's legendary pop-culture status will ensure it's a success.
In October 2022, Drake's owl logo was displayed on the jersey of the Barcelona soccer team for their game against arch-rival Real Madrid. The Barcelona sponsor, Spotify, wanted to honor the singer for being the first artist to ever reach 50 billion streams on their platform.
Trivia: Drake has been a fan of Nike since he was a child and famously said, “It didn’t mean anything unless it had a Swoosh.”
What Assets does Drake Own?
A large handbag collection isn't the only major material investment Drake has made. In February 2022, Drake bought an ostentatious home in Beverly Crest for a whopping $70 million, marking the end of a year-long house hunting expedition.
In exchange though, he is selling several other properties for a combined $22.2 million including an English Tudor-style mansion bought in 2012, a ranch house purchased for $2.85 million in 2015, and another ranch for $4.5 million in 2018 which boasts an expansive 6.5-acre property.
Drake is also the proud owner of a Boeing 767, a wide-body aircraft traditionally used by airlines for long-haul passenger and freight flights. While the retail price of such plane is reported to be $260 million, Drake got his gifted by the Canadian logistics company CargoJet as part of a marketing campaign. The plane Drake received was an empty shell previously used to carry freight. He is reported to have spent millions of dollars to fit leather armchairs, luxurious carpets, wide-screen TVs and opulent bathrooms. He also had the plane painted in light blue with his trademark "OVO" owl on the side.
Trivia: Drake's Toronto home has been nicknamed ‘The Embassy’ and includes its very own official NBA-size basketball court!
All of this helps to explain why Drake is one of the richest musicians in the world.