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 |
Contents
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
What is Drake’s current net worth?
Drake’s net worth is estimated at $250 million.
Is Drake a billionaire?
No, his net worth is estimated at $250 million, not yet reaching the billionaire status.
What are the main sources of Drake’s net worth?
Drake’s wealth primarily comes from his music career – album sales, streaming, and concerts. He also profits from his OVO brand, acting, endorsements, and various investments.
What endorsements contribute to Drake’s net worth?
Drake has endorsement deals with several major companies such as Nike, Sprite, and Apple Music.
Did Drake’s acting career contribute to his net worth?
Drake’s acting career, particularly his early role in ‘Degrassi: The Next Generation’, provided him with financial stability early in his career.
Who is Drake’s financial advisor?
Details about Drake’s financial advisor are not publicly available.
What does Drake do with his wealth?
Known for his extravagant lifestyle, Drake spends his wealth on real estate, luxury vehicles, private jets, and notably, philanthropic efforts.
Is Drake the richest rapper in the world?
While Drake is indeed wealthy, he does not hold the title of the richest rapper. That title goes to Jay Z.
Does Drake own a private jet?
Drake owns a custom Boeing 767 private jet, appropriately named ‘Air Drake’, estimated to be worth around $185 million.
Does Drake have any real estate investments?
Drake has multiple real estate investments, including a luxurious mansion in Toronto, known as “The Embassy”, and multiple properties in the USA.
How much does Drake donate to charity?
The exact amount is unclear, but Drake is known for his philanthropic activities, including significant donations to schools, community programs, and fans in need.
How does Drake’s net worth compare to other famous rappers?
With a net worth of over $250 million, Drake is one of the wealthiest rappers in the industry but still behind artists such as Jay-Z, Kanye West, and Dr. Dre.
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.
