Drake Net worth 2023 : Richest Rappers in the World

Net Worth

What is Drake net worth?

In 2017, Drake had a net worth of $250 million. He is a Canadian actor, producer, rapper, and producer. Drake is one of the highest-paid entertainers in the world. In his early career, Drake appeared on the Canadian television series, “Degrassi: The Next Generation.” Since 2006, he has written or performed track after successful track, making him a household name worldwide. “Thank Me Later,” his debut studio album, peaked at #1 on the hip-hop charts in 2010. As a touring musician, he has appeared on numerous music programs, and awards show and generally focused on building as broad a fan base as possible Drake Net worth

Drake earned more than $430 million in his career before taxes and lifestyle expenses.

Drake net worth

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From June 2017 to June 2018, Drake generated $45 million. The total amount he earned in 2017 was $95 million. From June 2018 to June 2019, he received $75 million. Within 12 months, he earned $50 million. See Drake’s full earnings breakdown year-by-year by scrolling down Drake Net worth.

Universal Music Group Contract – Drake Net worth

Drake was re-committed to a long-term worldwide partnership during Universal Music Group’s Q1 earnings call in May 2022. There have been a few lyrics in Drake’s music that allude to this deal. The agreement includes “recorded music to music publishing, film, television and brands.” He rapped about signing a contract with “360 up front.” In light of Universal’s confirmation, some have interpreted that as $360 million. Sources estimate the deal’s value at around $400 million. Before signing, the company generated $50 million yearly revenue from Drake’s music catalogue alone.

If the deal were worth $400 million, Drake would have received $200 million upfront after taxes.

Early life – Drake Net worth

Originally from Toronto, Aubrey Drake Graham was born on October 24, 1986. He played the drums with musicians such as Jerry Lee Lewis during his career as a drummer. Drake’s mother, Sandra, also known as Sandi, was an English teacher and florist. During his Bar Mitzvah celebration, Drake attended a Jewish day school.

Aubrey’s parents divorced when she was five. After moving to Memphis, his father was arrested and imprisoned for several years on drug charges. Even though his father was incarcerated in Memphis most of the time, Aubrey stayed with his mother in Toronto during the summers. Dennis has vehemently denied Drake’s allegations that he was absent during his childhood, a claim Dennis claims was embellished for commercial purposes.

In an affluent suburb called Forest Hill, Drake lived in the bottom half of his parents’ two-story townhouse from sixth grade. He lived in the basement with his mother. The family was not wealthy. They had a very tight budget.

While at Forest Hill Collegiate Institute, Drake developed an interest in acting and singing. While at Vaughan Road Academy, he was bullied for his bi-racial and religious background. In 2012, he graduated after dropping out for a while Drake Net worth.

Degrassi – Drake Net worth

When Drake was 15, his childhood friend’s father – an agent – helped him land a role on “Degrassi: The Next Generation.” In the show, he played Jimmy Brooks, a basketball star disabled by a classmate’s shooting. From seasons 1 through 7, he appeared on the front and made guest appearances in 2008.

The episode of Degrassi in which Drake appeared was interrupted by his mother’s illness, which prevented her from working. For several years, their only income came from his Degrassi paychecks. During that time, he earned $50,000 per year from the show. After taxes, that amounts to about $2000 per month. Later, he would describe this period as follows:

Music career – Drake Net worth

As a result of his inspiration from successful independent artists like Jay-Z, who earned record deals after becoming independent artists, Aubrey Drake began releasing mixtapes in 2006.

His first mixtape, “Room for Improvement,” was made available on his website and official MySpace page in February 2005. Directly, he sold more than 6,000 copies. The following year, he released his second mixtape, “Comeback Season.” He released the mixtape through his newly launched label October’s Very Own (aka OVO Records). A hit underground single called “Replacement Girl” appeared on this mixtape. For the first time, an unsigned Canadian rapper featured in a music video on BET. A sample from “Man of the Year” by Brisco, Flo Rida, and Lil Wayne was spliced into one song version Drake Net worth.

Lil Wayne heard the single from Houston-based producer Jas Prince, who founded Rap-A-Lot Records. Upon hearing about Drake’s Tha Carter III tour, Lil Wayne invited him to Houston to join him. “Brand New,” “Forever,” and “Ransom” was among the songs Drake and Wayne wrote and recorded during the tour.

Young Money Entertainment – Drake Net worth

Drake wasn’t signed to Wayne’s record label, contrary to what you might assume. He released a third mixtape in 2009 titled “So Far Gone.” OVO released the mixtape as a free download. In addition to Lil Wayne, Lloyd, Trey Songz, Omarion, and Bun B, the mixtape was downloaded 2000 times in the first hour and eventually certified Gold by the RIAA. As an EP, the mixtape reached number six on the Billboard 200, winning the 2010 Juno Award for Rap Recording of the Year.

Although Drake was still an independent artist, he was in high demand in the music industry. There was a bidding war among various labels to sign him. It has been described as “the biggest bidding war in music history,” although it has not been confirmed Drake Net worth

Young Money Entertainment signed Drake on June 29, 2009. Universal Music, a joint venture between Young Money and Cash Money, handled distribution.

Mainstream Success – Drake Net worth

On June 15, 2010, Drake released his first studio album, “Thank Me Later.” The album topped the charts in both the US and Canada. It reached #1 on the US Billboard 100, #1 R&B/Hip Hop, and #1 US Rap charts. As a result, the RIAA certified it platinum.

2011’s “Take Care,” his second studio album, also became six times platinum, hitting #1 in several countries.

Since then, every album has been at least four times platinum.

Drake is among the most influential and successful figures in hip-hop and the music industry. Among the stars he has worked with are Kanye West, Eminem, Jay-Z, and Travis Scott. There are countless awards that Drake has been nominated for. He has won over 180 major awards, including four Grammys, from over 40 nominations.

Drake Net worth $1 million is estimated to be Drake’s annual income from concerts.

Several singles sold.

Drake has sold more digital singles than any other artist in history. The artist has sold over 163 million digital dollars as of this writing. There are 40 million more than Rihanna, the second-place finisher. With an estimated 26 million albums under his belt, he is the 80th highest-selling musician. He is the third best-selling Canadian musician, following Caryl Churchill (48 million) and Shania Twain (50 million).

Real estate – Drake Net worth

Drake Net Worth

Since 2012, Drake has called Hidden Hills, California, home after purchasing a palatial mansion for $7.7 million from the former owner of Los Angeles’ Saddle Ranch Bar. The YOLO Estate features multiple residences, including a 12,000-square-foot main house and a 2,000-square-foot party house. The estate has equestrian stables, a 25-seat movie theatre, a full-sized basketball court, a sand volleyball court, and one of the largest private pools in Southern California. In addition to several waterfalls, a swim-up bar, an 80-foot water slide, and a playboy-style grotto, the lagoon-like pool loops around the house’s exterior.

Drake explained to Rolling Stone that he had his eye on this mansion after Googling “craziest residential swimming pools.” He used this photo as his computer background for years. There was a $27 million listing for the house in 2009 by the former owner. It was experiencing a cash crunch in 2012, causing Drake to purchase it for $7.7 million.

His property was extended in 2015 when he purchased a neighbouring 1.6-acre estate for $2.8 million. His property was raised again in 2018 when he spent $4.5 million on another adjacent house. A 6.7-acre private estate at the end of a cul-de-sac represents $15 million in real estate acquisition costs alone.

Drake listed the YOLO Estate for $22.7 million in March 2022. For $14.8 million, the buyer could also purchase just the primary mansion.

Drake purchased the Bridle Path area in suburban Toronto for $6.7 million in 2016. The two-acre property was developed into a mansion of 50,000 square feet. The house has a 10-car garage, a regulation NBA basketball court, a gym, an awards room, and much more. There are 3,200 square feet in the main bedroom alone.

The Beverly Hills mansion of British singer Robbie Williams, located on 20 acres, was reported to have been sold to Drake on March 8, 2022. What was Drake’s off-market price? The Los Angeles Times reported that the price was in the range of $70 million.

He also owns Toronto’s downtown condo.

Drake owns a total of $100 million worth of real estate assets.

Private jet – Drake Net worth

Drake revealed on Instagram in May 2019 that he had acquired a Boeing 767 private jet, which he dubbed “Air Drake” and painted. In the video, Drake proclaims that the plane is all his, with “no rentals, no timeshares, no co-owners.” A similar model and a quality private jet would be worth $75-100 million.

Drake’s Net Worth Milestones

Celebrity Net Worth first added Drake to its database in November 2009 with an initial estimate of $1 million. Lil Wayne’s Young Money signed him just a few months earlier. He had a net worth of $25 million in 2012. A total of $45 million was earned him in 2014. For the first time, he surpassed $80 million in late 2016. By early 2018, he quickly reached $100 million thanks to his near-$100 million earnings in 2017. His net worth crossed $150 million for the first time in May 2019

Business ventures

Drake has endorsed Sprite, Burger King, Whataburger, Nike, and Apple. A $19 million exclusive deal was signed with Apple Music when it launched. Drake’s future solo releases would exclusively be released on Apple due to this deal.

In 2012, Drake launched his record label, OVO Sound, distributed by Warner Bros. Music. Besides Drake, OVO Sound represents artists like PartyNextDoor, Majid Jordan, Kash Doll, Future the Prince, Mike Zombie, and Boi-1da.

The Toronto Raptors host an annual Drake Night with him as the team’s “global ambassador.”

His Virginia Black whiskey is a bourbon-based brand he launched in 2016. Within a week of launch, 4,000 bottles were sold. A further 30,000 units were shipped later in the year.

Tours

Drake’s first headline tour was the “Away From Home Tour” in 2010. Through 2019, he will embark on five additional headline tours. In 2018, he co-headlined a time with the rap group Migos.

It grossed $84.3 million, making it the highest-grossing hip-hop tour from 54 shows. A concert gross of $1.56 million equals an average of $1.56 million. In 2018, his Migos co-headlining tour broke that record with $80 million in earnings over 43 dates. The average gross per concert is $1.86 million.

Drake puts on an annual festival in Toronto called “OVO Fest” that sells out in seconds.

For a single appearance, Drake can easily earn $500,000 at XS Nightclub in Las Vegas. He now reaches more than $2 million for a more formal concert.

Personal life

Drake has been involved in several high-profile relationships over the years. Between 2009 and 2016, he dated Rihanna on and off. In the future, he would describe Rihanna as “the woman I have loved since I was 22 years old.”

An actress/model/artist named Sophie Brussaux gave birth to Adonis in October 2017. Until 2018, Drake had not confirmed his fatherhood.

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