Drake Net Worth | A Look At The Rapper’s $250M Fortune

Drake Net Worth | Let’s talk about Aubrey Drake Graham. You might know him just as Drake. He is a talented rapper from Canada. 

But he’s not just a rapper. He is also an actor and a music producer. Drake started his career on TV. He acted in a series called ‘Degrassi: The Next Generation.’

Over time, however, music became his main thing. He turned from acting to making music that touched people’s hearts. Drake has done very well in the music industry. 

So well, in fact, that he has built up a fortune. How much? Over $250 million. That’s a lot of money, especially when you think he hasn’t been famous for all that long. 

He’s at a level of wealth that many famous artists never reach. Now, he’s not just a well-known name. But also one of the world’s richest people.

Every new song he creates just keeps him right at the top. His music connects with people all over the world. Today, we’re going to spend time exploring Drake’s amazing story. 

We’ll look at how he got started, how he grew, and how he made it big.  Get ready for a fun journey into the life, fame, and riches of the one and only Drake.

Name	Aubrey Drake Graham
Profession	Rapper, Singer, Songwriter, Actor, Producer
Age	37
Date of Birth	October 24, 1986
Gender	Male
Nationality	Canadian
Height	6 ft (1.82m)
Weight	89 kg
Relationship Status	Single
Net Worth	$250M
Yearly Income	$70M
Primary Income	Music (Album Sales, Streaming, Concerts)
Other Income	Acting, Endorsements, Investments, OVO Brand

Drake’s Current Net Worth

Drake’s current net worth is estimated to be around $250 million as of 2023, making him one of the richest rappers in the world. According to Forbes, 

Drake’s net worth is approximately $250 million. Celebrity Net Worth puts his net worth at a similar figure of $250 million. 

Drake first appeared on the Forbes Five list of wealthiest hip-hop artists back in 2014 with a net worth of $16 million. 

Since then, he has climbed up the ranks, now standing shoulder-to-shoulder with other veteran rappers like Diddy, Dr. Dre, and Jay-Z. 

The bulk of Drake’s net worth comes from record sales, touring, endorsements, and his business ventures, particularly his Virginia Black Whiskey brand and OVO clothing line. 

With his hit singles and record-breaking album sales, Drake has cemented himself as one of the most commercially successful rappers of the last decade. 

His fortune will likely continue rising in the future through his endorsements, live shows, and business moves.

Early Life And Career

Drake, born Aubrey Drake Graham, grew up in Toronto, Ontario. As a teenager, he landed a role on the teen drama TV series Degrassi: The Next Generation, playing Jimmy Brooks from 2001 to 2009. 

This kickstarted Drake’s acting career, but he also had a passion for music. In 2006, Drake released his first mixtape Room for Improvement. 

This was followed by Comeback Season in 2007 and So Far Gone in 2009. So Far Gone gained popularity online and featured Drake’s breakout single “Best I Ever Had”. 

The mixtape impressed Lil Wayne and led to Drake’s record deal with Young Money Entertainment.

Breakthrough With So Far Gone

Drake achieved his breakthrough into the hip-hop mainstream with the release of his third mixtape, So Far Gone, in February 2009. 

The mixtape was led by the smash hit single “Best I Ever Had”, which peaked at number 2 on the Billboard Hot 100 and helped propel the mixtape to major commercial success for a non-commercially released project. 

Despite not being for sale initially, So Far Gone debuted at number 5 on the Billboard 200 album chart in 2019, ten years after its release. 

It achieved 45,000 equivalent album units in its first week based on streams and downloads alone.

So Far Gone was the project that transformed Drake from just another unsigned rapper into one of hip-hop’s most promising up-and-coming stars seemingly overnight. 

The mixtape showcased Drake’s ability to sing as well as rap while blending genres to create his unique sound. 

Songs like “Successful”, “Best I Ever Had”, and “Houstatlantavegas” became hip-hop hits and proved Drake had mainstream appeal. 

With the widespread critical acclaim and massive popularity of So Far Gone, all eyes were now on Drake as his success continued to skyrocket.

Signing To Young Money Records

In 2009, Drake signed with Lil Wayne’s record label Young Money Entertainment. 

This proved to be a major stepping stone, connecting him with Lil Wayne and his manager Cortez Bryant. Under the label.

Drake released his debut studio album Thank Me Later in 2010, which debuted at number one on the US Billboard 200 chart, going platinum in the US and Canada. 

Thank Me Later contained successful singles like “Over” and “Find Your Love”, showing that Drake was poised for mainstream success.

While signed to Young Money, Drake released his highly acclaimed and chart-topping sophomore album Take Care in 2011. 

With singles like “Headlines”, “Make Me Proud”, and “The Motto”, Take Care cemented Drake as one of the biggest stars in hip-hop music. 

His affiliation with Lil Wayne and Young Money was crucial in providing a platform and resources early in his career. 

However, in 2021, it was reported that Drake was no longer signed to Young Money or Cash Money Records.

Nevertheless, his time with the label was formative and instrumental in shaping his path to superstardom.

Drake’s Record-Breaking Singles And Albums

Drake has achieved immense commercial success throughout his career, consistently breaking records with both his singles and albums. 

His sophomore album, Take Care (2011), has sold over 6 million certified units and was his first to reach #1 on the Billboard 200. 

The critically acclaimed Nothing Was the Same (2013) also hit #1 and has moved over 4 million units to date.

However, Drake’s magnum opus is the 6x platinum Views (2016), which gave him his first #1 on the Billboard Hot 100 with “One Dance” and spent 13 non-consecutive weeks atop the Billboard 200 chart. 

It became the top-selling album of 2016, moving over 1.5 million units in its first week. 

His double album Scorpion (2018) also debuted at #1 with over 700,000 units sold, spawning hits like “In My Feelings” and “Nice for What”.

On the singles front, Drake has notched a record 55 top 10 hits on the Hot 100, with songs like “Hotline Bling”, “God’s Plan”, and “Laugh Now Cry Later” each earning diamond certifications for 10 million units. 

He holds the record for most Billboard Hot 100 top 10 debuts (24) demonstrating his continued domination of the charts.

Drake’s Business Ventures

Drake has diversified his income by pursuing various business ventures outside of music. One of his most successful ventures is his clothing line October’s Very Own (OVO), which he co-founded in 2011. 

The brand started as a small merchandise line sold at Drake’s concerts but has since grown into a full lifestyle and apparel company carried in major retailers like Saks Fifth Avenue. 

OVO collaborates with other brands like Canada Goose to create limited-edition capsules. Revenue from the clothing line contributes substantially to Drake’s net worth.

Another notable business venture is Virginia Black whiskey, which Drake launched in 2016 with spirits entrepreneur and sommelier Brent Hocking.

The whiskey brand promotes luxurious lifestyles and has been a lucrative investment for Drake. In its first year alone, Virginia Black sold 30,000 cases. 

The spirit is sold globally in stores like Walmart and BevMo. Though initially self-funded, Drake and Hocking sold a minority stake in Virginia Black in 2021 to raise funds for expansion. 

Drake’s business acumen and pursuit of diverse income streams have been key to building his wealth.

Drake’s Lavish Lifestyle

Drake lives an extremely luxurious lifestyle thanks to his massive wealth. 

He owns a custom-built 35,000-square-foot mansion in his hometown of Toronto nicknamed “The Embassy” that is estimated to be worth over $100 million. 

The mansion features amenities like an NBA regulation-size indoor basketball court, a private recording studio, and an award room to display his Grammys and other accolades.

Drake also owns a custom-made Boeing 767 private jet dubbed “Air Drake” that cost him $185 million. 

The flashy plane has gold accents and his OVO owl logo painted on the tail. Inside, it’s decked out with luxurious couches, a bedroom, and gold accents throughout.

When it comes to luxury vehicles, Drake has an impressive collection. He owns several Rolls-Royces, a custom chrome Mercedes-Maybach, a Bentley Continental GT, a Lamborghini Gallardo, a Ferrari 458 Italia, a Bugatti Veyron, and more. 

Drake likes to customize his cars with unique touches like OVO logos and distinctive paint jobs. His car collection is likely worth millions.

Drake enjoys living lavishly thanks to his vast fortune amassed through his hugely successful music career. 

His Toronto mansion, private jet, and luxury vehicle collection reflect his taste for the finer things in life. Drake spares no expense when it comes to his lifestyle.

Drake Vs Other Top-Earning Rappers

Drake consistently ranks among the top-earning rappers in the world. According to Forbes, Drake earned an estimated $50 million in 2021, which placed him behind Jay-Z ($2.5 billion), Kanye West ($500 million), and Diddy ($900 million) on the list of the highest-paid rappers that year.

Despite earning less than some veterans, Drake has topped the Forbes Five list of wealthiest hip-hop artists several times, including in 2019 with an estimated net worth of $150 million. 

For comparison, Jay-Z’s net worth was 2.5 billion according to Forbes, while Kanye West trailed at $500 million.

While he may not yet be hip-hop’s first billionaire like Jay-Z, Drake is closing in on the milestone. 

At just 36 years old, he has many more lucrative years ahead to grow his empire through music, business ventures, and investments. 

Unlike Jay-Z and Kanye who earned their fortunes over decades-long careers, Drake’s net worth has skyrocketed in just over 10 years since his debut.

Rapper	Net Worth	Primary Source of Income	Major Business Ventures/Endorsements
Drake	$250 million	Music	OVO Brand, Nike, Sprite, Apple Music
Kanye West	$500 million	Music, Fashion	Yeezy, Gap, Adele
Jay-Z	$2.5 billion	Music, Business	Roc Nation, Tidal, Armand de Brignac
Dr. Dre	$500 million	Music, Business	Beats Electronics, Apple
Diddy	$900 million	Music, Business	Sean John, Ciroc, Bad Boy Entertainment
Eminem	$250 million	Music	Shady Records, SiriusXM

How Drake Spends His Money

Drake is notorious for living a lavish lifestyle and splurging on luxuries. He spends his fortune in the following ways:

Investments

Drake has made smart investments over the years, particularly in his brand, October’s Very Own (OVO). 

He launched OVO as a clothing line in 2011 and opened OVO retail stores in Toronto and Los Angeles. 

OVO has expanded into a record label and content platform as well. Drake also invested early in Virginia Black Whiskey.

Philanthropy

Though less publicized, Drake has made significant philanthropic donations over the years. 

He has supported organizations like Pencils of Promise and the Make-A-Wish Foundation.

In 2018, he donated $25,000 to the Miami Senior High School and announced plans to help design their new school uniforms.

Luxury Purchases

Drake spends lavishly on luxury goods and real estate. In 2022, he bought a custom private jet dubbed ‘Air Drake’ estimated at $185 million. 

He owns a $100 million estate in Toronto. Drake also spends millions on exotic cars and expensive jewelry. 

His jewelry collection includes pieces from luxury brands like Chrome Hearts and Audemars Piguet.

Decoding Drake Wealth: FAQs About Drake’s Net Worth

Conclusion

Drake’s story is amazing. He started as an actor on ‘Degrassi’ and is now a world-known rapper. 

His hard work has resulted in a net worth of $250 million. Drake’s music hits the charts. His company, OVO, is successful. 

He also earns money endorsing products. Because of these, his wealth keeps growing. Drake’s success isn’t only about talent. 

It’s also about smart money choices. He chooses the right business ventures and invests wisely.  

So, we think his wealth will grow more. Drake’s journey is inspiring. He shows the power of never giving up and the benefits of many income sources. 

He also shows that smart risks can lead to big wins. To sum up, Drake teaches us that hard work, diversified income, and smart choices can bring success. 

He shows that if you’re willing to work hard and make wise decisions, the sky’s the limit.