Drake net worth is one of the most well-known rappers in the history of Hip Hop with summer hits like One Dance, Hot Line Bling, God’s Plan, and many more.
The Certified Lover Boy Singer comes at the top of the male hip-hop artist list. Drake’s net worth keeps increasing, from $45 million between June 2017 to June 2018, and in the year 2017, he earned a total of $95 million.
He made $75 million from June 2018 to June 2019. In the time frame of the following year, he made $50 million. This article breaks down the Drake net worth from endorsement deals, record label earning, streaming, and real estate.
Early Life
Aubrey Drake Graham, more popularly known as Drake was born on October 24, 1986, to Jerry Lee Lewis and Sandra Graham. Drake attended Forest Hill Collegiate Institute. He discovered his deep appreciation for the arts.
Aubrey Drake Graham found himself being bullied because of his bi-racial and religious background, despite the fact that he was a standout performer in both acting and music. It caused Drake a great deal of trouble, and he finally decided to drop out, but he eventually returned to complete his degree in 2012.
Several of his songs are based on his childhood experiences, including seeing his father in jail and drake’s mother struggling between jobs to pay the aq! Z bills on many occasions. Given that Drake’s mother was a devout Jew, he went to Jewish day school and participated in a Bar Mitzvah ceremony.
Jimmy Brooks Days:
Drake net worth started his career in the entertainment business at age 15 when an acting agent helped him win a part on the Canadian television teen drama Degrassi: The Next Generation. Drake played the role of Jimmy Brooks, a brilliant basketball player who became crippled and dependent on a wheelchair after getting shot by a student on the set of a television show. Drake was dealing with additional difficulties in his personal life.
As per Celebrity Net Worth, Drake made $50,000 per year in income from the Canadian TV show Degrassi: The Next Generation, about the same as a middle-class worker. After witnessing rappers like Jay-Z boosting himself to success, he started producing mixtapes in 2005.
Beginning Of His Music Career:
Drake’s Mix Tapes And Label Era:
After launching his website and Myspace page in 2006, Drake released his first mixtape for free. Trey Songz and Lupe Fiasco appeared on his debut mixtape “Room for Improvement.” Jas Prince introduced Lil Wayne to Drake’s music in 2008, and the two became fast friends. Drake was later asked by Houston on the request of Lil Wayne to perform with him and play on some of his tracks because of his discovery.
In 2013, Drake founded his own record label, October’s Very Own (OVO), and drake released his second mixtape, Comeback Season, which included the underground smash single and music video “Replacement Girl.”
When the song was played at a Houston music festival, it attracted the eyes of Houston-based producer and Rap-A-Lot Records founder Jas Prince, who sent it along to Lil Wayne.
The “Go DJ” was so taken with Drake’s performance that he offered him to join him on Tha Carter III tour. Drake signed with Cash Money artist on the tracks “Brand New,” “Forever,” and “Ransom,” which were eventually released as singles.
Young Money Entertainment Days:
Drake net worth eventually became a part of Lil Wayne’s entourage, although he continued to work as an unsigned musician. In 2009, he released his third mixtape named “So Far Gone,” which included Lil Wayne, Lloyd, and Tre Songz, among other notable artists.
Drake signed with Lil Wayne’s Young Money Entertainment in June 2009, after a big bidding battle among several significant record labels, notably Universal and Warner Music.
Drake’s full-length big-label debut, “Thank Me Later,” was released the following year and reached number one on the Billboard 200 list in the United States before being platinum.
Current Music Milestone:
With awards and nominations in some of the most prestigious music competitions, Drake has made a name for himself in the industry. In all, he has won 182 awards and 330 nominations.
The following are the numbers:
- 3 Grammy Awards
- 6 American Music Awards
- 12 BET awards
- 15 BET Hip-Hop awаrds
- 14 Billboard Music Awards
- 1 BRIT awards
- 9 iHeartRadio Awards
- 5 MTV awards.
How Did Drake Net Worth Build Himself The Empire?
Early Endorsement Deals
Virgin Air:
Drake was the first-ever hip-hop artist to have his face projected on the side of an aircraft only two weeks after releasing his self-titled first studio album. This Airbus A320, dubbed “Air Drake,” was introduced to commemorate Virgin America’s first trip from Los Angeles to Drake’s hometown of Toronto. In addition to Drake, Virgin Chairman Richard Branson was also on board the maiden flight.
Sprite Campaign:
Drake’s first significant advertisement agreement was with Coca-Cola’s Sprite brand in 2010, which marked the beginning of his professional career. As part of the agreement, Sprite invited Drake to serve as the face of their “Spark” campaign, which provided youngsters with the option to make mini-movies utilizing digital video assets and remix some of Drake’s music.
The campaign, which debuted at the 2010 NBA All-Star Game, comprised print, television, outdoor, and mobile advertisements that featured Drake. Rapper Drake expressed interest in the campaign since it was “truly about innovation via music and cinema,” as well as promoting “new thinking and uniqueness”.
Concert And Tours:
According to sources, Drake net worth is reported to make about $ 40 million each year. This is mostly due to the fact that he thinks that each concert will generate around $1 million. You’ve undoubtedly heard that touring artists earn more money than they do from selling Records. This is probably true.
As per Money Magazine, Drake has sold around ten million albums worldwide. However, it was his tour with rapper Future in 2016 that set new marks for him. With 56 concerts, the tour generated $84.3 million in revenue.
According to Money magazine, this made it the most profitable hip hop tour to date. With the tour, Drake even managed to topple Jay-Z and Kanye West from their thrones.
Boy Meets The World Tour:
During the tour, he earns additional revenue by receiving a portion of the proceeds from tour merchandise sales, which may possibly total millions of dollars. In 2017, Drake embarked on another tour, dubbed The Boy Meets World Tour
Which consisted of 35 events in various cities around Europe, including London. He was ranked second on the 2017 Hip Hop Cash King list after raking in $94 million in revenue for the year, mostly because of his massively successful tour-making music history.
Drake receives anywhere from $400,000 to $2 million for just a single concert, based on the scale of the crowd, the duration of the concert, and other considerations. He also charges to be included on the songs of other lesser performers, with his cost reportedly ranging from $100,000 to $150,000 each verse. For club performances, he costs about $200,000 per hour, according to his website.
Album Sales And Streaming Revenue:
In addition to royalties, Drake net worth makes money in other ways via passive means. When people purchase his albums and songs, he receives mechanical royalties on the sales. Within the first week of its release, his album views achieved sales of more than one million copies.
In today’s music technology, streaming has also emerged as a significant trend. Drake earns money via streaming revenues from services like Spotify, and YouTube, among others. Spotify offers an estimate of $0.005 per stream, but Apple Music pays an estimate of $0.007 per stream, according to the company.
Drake has amassed over 10 billion listens on Spotify as of early 2017 and is continuing to expand at a rapid pace, earning more than $50 million from the site since he first signed on.
During the first week of its release, Drake’s record “More Life” was played over 300 million times on iTunes, earning around $2.1 million in revenues. In 2018, he broke the record for becoming the first artist to get one billion streams in a single week.
As of this time, Drake has sold more digital songs than any other artist in history, amassing a total of 163 million digital downloads, which is equal to $26 million in total album sales. Since 2010, his profits have increased from $10 million per year to an average of $40-$50 million each year.
The year before, he earned $95 million, and he came up about $20 million short of matching that total in 2019 when he took home $75 million. And that’s simply from his music career.
Business Ventures
Apple Music Deal:
Drake has proven to be a successful businessman outside of the hip-hop industry, as seen by his many sponsorships and business endeavours.
Drake net worth has signed collaborations with companies like Burger King, Nike, Apple, Toronto Raptors and he has earned $19 million from Apple Contract alone, owing to an exclusive agreement that enables the company to broadcast all of Drake’s future solar projects only on their streaming platform.
Owned Brands And Partnerships:
Drake owns his own line of whiskey named Virginia Black, as well as a residency at the XS Nightclub in Las Vegas, where he presently gets $500,000 for appearances and $2 million for formal shows.
Drake has the ability to raise money from almost anywhere at any time. Since then, he has acquired almost $435 million in wealth, boosting his net worth to an astonishing $200 million after taxes and expenditures. Given how well Certified Lover Boy is doing on the Charts, it won’t be long until that figure more than doubles.
Real Estate:
Drake has a number of properties throughout the globe, namely his YOLO Mansion in Hidden Hills, California, that he bought for $7.7 million in 2012. Drake also owns several other properties in the United States. When the mansion was first put on the market in 2009, it was advertised for $27 million.
According to Celebrity Net Worth, the Hidden Hills property features a 12,000-square-foot residence, a 2,000-square-foot party house, a 25-seat personal home cinema, a full-sized basketball court, and a pool with a “lagoon-like” feel suitable of a luxury resort, among other amenities.
Aside from that, Drake acquired two nearby real-estate to form a 6.7-acre private cul-de-sac that is now valued in the tens of millions of dollars in today’s market. The acquisition cost Drake $15 million over 6 years.
Drake’s Net Worth 2021:
Currently, Celebrity Net Worth assesses Drake net worth at a whopping $200 million, opposed to Forbes’ estimated net worth of $150 million in 2019. It really doesn’t make a difference which way you cut it; the rapper has racked up a sizable amount of wealth.
There are only a few people who know how much money the hip-hop superstar is worth, including himself and those closest to him. As he states on the Certified Lover Boy’s last track, “The Remorse,” “Please don’t Google my Net Worth; the statistics are wildly wrong.” As a result, these figures are only educated guesses.
Drake’s Biggest Album:
Drake is the most streamed artist on Spotify US. With more than 43 billion lead streams, his last album, Scorpion, released in 2018, became the most streamed single in Spotify history. With its hit single God’s Plan. According to Nielsen, the record was “The Best Album to Have the Finest in the Universe,” and it’s had more than 3.95 billion streams to date.
Over 732,000 total copies were sold during Scorpion’s first week of release, with the great bulk of that figure coming from streaming equivalent albums (SEAs). Scorpion songs produced 746 million on-demand streams in its first week in the United States and 1 billion globally, resulting in 551,000 SEAs, as per Billboard.
A further 160,000 standard copies were sold in the week, bringing Scorpion’s combined sales to the highest level since Taylor Swift’s Reputation reached immediate platinum status in November 2017 and making Scorpion the best rap album of 2017.
What Does Drake Spend Money On?
Drake’s net worth is quite a lot which allowed him to buy a Toronto mansion that is worth $6.7 million. His most recent effort will contribute to the cost of the plane. Aside from that, he has remarkable automotive collections from Rolls Royce, McLaren, and Bentley, all of which were featured heavily in the music video for this song.
Recent purchases include its own tycoon, the Ov Owl mascot, a $500 million glass case, jewels, and other items. His most recent design, an $11,000 Brioni jacket with identical gold chains, commemorate his many victories.
Key Takeaways From Drake’s Success:
Pain Can Be Used As A Motivator:
Pain Can Be Used As A Motivator: While growing up, Drake net worth faced several difficulties that we may also be experiencing in our daily life. In the same way, as Drake did, we must utilize these times of difficulty as inspiration and as a foundation for wanting more in life. What doesn’t kill us simply makes us stronger. Therefore we should embrace it. Make use of your suffering as a source of inspiration to achieve your goals in life.
Always Strive To Be The Owner:
Drake recognized the worth of his abilities and the importance of being the owner. From the outset, he had his sights set on business and the development of the brand that he eventually wanted to represent.
Never Stop Creating:
Even when Drake was at the pinnacle of his profession, the God’s Plan rapper never took a moment to relax. Drake was always looking for new ways to increase his net worth, whether it was via real estate investments, studio albums, or agreements. We, too, must be as hungry and committed as he was to reach for our stars and ambitions.
Is Lil Wayne Richer Than Drake?
Wayne is estimated to earn nearly $180 million, making Drake a richer person at just $20 million.
