Hey there fellow Drake fans! Have you ever wondered just how much cash the 6 God has raked in over his career? We’re talking an insane amount of money. I’m talking private jets, multi-million dollar cribs around the world, and an outrageous collection of cars and jewelry. Well, buckle up, because we’re about to break down exactly how much Drake net worth straight up to the dollar. Everything from his music sales, touring, and business deals to his investments and lavish spending will be covered. You’re not going to believe the kind of dough Drizzy is rolling in! This guy makes more in a day than most people make in a year! So get ready to find out how rich Drake really is!
Drake Net Worth: The Early Life of the World’s Most Popular Rapper
Drake didn’t grow up wealthy, but he had a comfortable upbringing. His parents divorced when he was five, and he was raised by his Jewish mother in Toronto, Canada. Drake attended a Jewish day school as a kid and even had a bar mitzvah. His dad was a professional drummer who toured with Jerry Lee Lewis, so Drake was exposed to music from an early age.
Finding His Sound
Drake started acting as a teenager, landing a role on the Canadian TV series Degrassi: The Next Generation. He dropped out of high school to pursue his acting career but eventually became interested in hip hop. Drake began writing his own raps and teaming up with local Toronto producers and artists. His mixtapes caught the attention of Lil Wayne, who signed Drake to his Young Money Entertainment label in 2009.
Rising to Fame
Drake’s first studio album, Thank Me Later, was released in 2010 and reached number one on the Billboard 200. His follow-up album Take Care won a Grammy and helped establish Drake as one of the biggest rappers in the world. Drake is known for hit songs like “Hotline Bling,” “Nice for What,” and “God’s Plan.” He frequently collaborates with artists like Rihanna, Nicki Minaj, and Travis Scott.
Diversifying His Portfolio
In addition to music, Drake acts as an executive producer on the hit TV show Euphoria and owns the Toronto-based production company Dreamcrew Entertainment. He also has endorsement deals with major brands like Nike, Sprite, and Apple Music. Drake continues to dominate the charts, breaking numerous streaming records and winning four Grammys so far in his career. Though he came from humble beginnings, Drake’s hard work and talent have made him one of the richest rappers in the world.
Drake Net Worth: From an Unsigned Canadian Rapper to a Multimillion-Dollar Net Worth
Drake’s rise to fame and fortune is truly an inspiration. Back in the mid-2000s, he was just an unsigned rapper from Toronto, Canada trying to get his music heard. Today, Drake’s net worth is estimated at $250 million (INR 2091 Cr), making him one of the wealthiest rappers in the world.
His Music Career
The majority of Drake’s wealth comes from his successful music career. He has released six studio albums, all of which reached number one on the Billboard 200 chart. His albums are also now commercially and critically successful. According to Forbes, Drake earned $75 million in 2019, making him the seventh highest-paid entertainer in the world.
Business Ventures and Endorsements
Outside of music, Drake’s business ventures and endorsements contribute significantly to his net worth. He has endorsement deals with major companies like Sprite, Apple, and Nike’s Jordan Brand. Drake also has his own record label, OVO Sound, and a clothing line, OVO.
Drake is the definition of hustle and hard work paying off. He went from a struggling artist to a chart-topping rapper and savvy businessman, proving that following your passion and never giving up on your dreams can lead to amazing success. Drake’s story shows us that with enough perseverance and dedication, you can achieve your wildest goals and build wealth in the process. The sky is the limit! Also Read: Michael Jackson Net Worth.
What Does Drake Invest In?
Drake is a savvy businessman and invests his money in a variety of sectors.
Food & Drink
The rapper has invested in companies like Fyre Fest, a company that makes flavored whisky, and Toronto restaurant Fring’s. He’s also backed the sports drink company BioSteel and has a minority stake in Virginia Black, a bourbon whiskey brand.
Film & TV
Drake executive produced the HBO series Euphoria and has invested in the production company Wolf & Rothstein. He’s also invested in companies like Obvious, an AI that generates synthetic media, including images, video, and audio.
Sports Teams
Drake is a big sports fan and has invested in his hometown basketball team, the Toronto Raptors. He’s also invested in other sports startups like 100 Thieves, an esports organization, and Uninterrupted, a digital media company founded by LeBron James.
Startups
Drake has made over a dozen investments in startups ranging from finance to social media. He’s invested in companies like Drop, a rewards app, and Nyack, an AI-powered assistant for finding and booking travel. He’s also invested in Parkbench, a social networking app, and E-commerce platform StockX.
Real Estate
In addition to his Hidden Hills, California mansion, Drake owns properties in Toronto, Miami, and the Bahamas. He also previously owned a mansion in Calabasas that he sold to Khloe Kardashian. Drake continues to invest in high-end real estate as the values continue to climb.
Drake’s diverse investment portfolio shows he’s building an empire that will last long after his rap career. By investing in everything from whisky to startups, he’s ensuring another revenue stream to add to his $150 million net worth. His ambition and business acumen demonstrate why he’s one of the richest rappers in the game.
What Can We Learn From Drake’s Story?
Patience and Hard Work Pay Off
Drake’s rise to fame was not overnight. He started from the bottom, releasing mixtapes and EPs for years before finally getting signed to a major label. Even then, his first studio album wasn’t an immediate hit. Drake believes in the power of patience and hard work to achieve your dreams. If you have a goal, work at it every day. Don’t expect instant results. Stay dedicated and success will come.
Know Your Worth
Drake never settled for deals that undervalued him. He knew his talent and potential, so he held out for the right opportunity. When other labels offered him standard deals, he turned them down. He eventually signed with Lil Wayne’s Young Money Entertainment, where he was able to negotiate a profitable contract that gave him creative control and the ability to make music on his terms. Don’t be in a rush to sign the first deal that comes your way. Make sure any opportunity is the right fit and allows you to maximize your worth.
Diversify Your Revenue Streams
Drake has built an empire by diversifying his business interests. He brings in money from music sales, streaming, touring, and endorsements. He has invested in real estate, tech startups, and the Toronto Raptors NBA team. He started his own record label and a production company. By spreading his money across many baskets, Drake has set himself up for long-term financial success. Look for ways to diversify your own revenue streams, so you have multiple income sources to rely on.
Stay Grounded and Give Back
Despite his fame and fortune, Drake remains grounded and gives back to his community. He frequently visits his hometown Toronto and supports causes like affordable housing and youth empowerment. He understands the importance of staying connected to your roots and using your platform to help others. Staying humble and grounded, and giving back whenever you can, are keys to finding meaning and purpose. Drake’s story inspires us to pursue our dreams, know our worth, diversify our success, and stay grounded along the way. By following his example, you too can achieve great things. Also Read: Michael B Jordan Net Worth.
Drake’s Salary: How Much Does the Rapper Make Per Year?
If you’re wondering how much money Drake makes in a year, the Canadian rapper earns an estimated $70 million annually through touring, music sales, endorsements and business ventures.
Music Sales and Streaming
Drake’s discography includes six studio albums, five mixtapes, and over 170 singles. His music catalog has sold over 170 million records worldwide, making him one of the best-selling music artists of all time. In 2020, Drake earned over $15 million from music streaming and sales in the US alone.
Touring
Touring is where Drake makes the bulk of his money. His 2018 Aubrey & The Three Migos Tour grossed over $79 million from 43 shows. Drake’s average gross per show is over $1.5 million. Once touring resumes post-pandemic, Drake’s earnings will likely skyrocket again.
Endorsements and Business Deals
Drake has endorsement deals with numerous brands like Nike, Apple, Sprite, and Virginia Black Whiskey. His Nike deal is worth over $10 million a year. Drake also has ownership stakes in the Toronto Raptors NBA team and a number of tech startups. These business deals and investments contribute at least $10 million annually to Drake’s total earnings.
Future Earnings Potential
Drake shows no signs of slowing down. His upcoming studio album Certified Lover Boy is one of the most anticipated releases of 2021 and is sure to break more records. At only 34 years old, Drake has many more years of touring, music, endorsements, and business deals ahead of him. Drake’s net worth is projected to top $500 million within the next 5 years, cementing his status as one of the richest rappers of all time.
Drake’s Massive Net Worth: What Businesses Does He Own?
Music
Drake’s music catalog brings in over $50 million per year for his company, Drake’s own record label OVO Sound, a joint venture with Warner Music Group. As an artist and producer, Drake holds a 50% ownership stake in OVO. His music streaming numbers are staggering, with over 50 billion streams and counting.
100 Thieves
In 2018, Drake bought an ownership stake in 100 Thieves, a popular gaming and lifestyle company. 100 Thieves has successful esports teams, content creators, and a popular apparel line. The company has raised over $60 million in funding and continues to grow at an impressive rate. Drake’s involvement and co-ownership of 100 Thieves significantly adds to his business portfolio and net worth.
Real Estate
Drake owns over $200 million in real estate, including two neighboring mansions in Hidden Hills, California. His main home is a 35,000 square foot estate on 3 acres, complete with an NBA-sized basketball court, swimming pool, and home theater. Drake also owns a condo at the Ritz-Carlton Residences in Toronto, where OVO Fest is held each year.
Endorsement Deals
Some of Drake’s most lucrative endorsement deals are with Apple, Nike, and Sprite. His 2016 deal with Apple to promote Apple Music was worth over $19 million. His multi-year deal with Nike’s Jordan Brand has resulted in several successful shoe collaborations and capsule collections. Drake’s Sprite commercials and sponsorship have been airing since 2010, adding tens of millions to his net worth over the years.
Between his music, businesses, real estate holdings, and endorsement deals, Drake has built a remarkably diversified portfolio and amassed a $200 million net worth. Still only in his early 30s, Drake is poised to become hip hop’s first billionaire and continue growing his empire for years to come. His keys to success have been partnering with major brands, investing in up-and-coming companies, and maintaining full ownership and control of his music. Also Read: Meghan Markle Net Worth.
FAQ: How Does Drake’s Net Worth Compare to Other Top Rappers?
Drake has amassed an impressive net worth of $250 million, putting him near the top of the list of the richest rappers. However, he still has a ways to go to reach Jay-Z, who tops the list with an estimated $1 billion net worth.
Jay-Z built his fortune through a successful career spanning over 25 years. In addition to selling over 50 million albums, he has invested in many lucrative business ventures, including Roc Nation, Tidal music streaming service, and Armand de Brignac champagne. Compared to Jay-Z’s diverse portfolio of assets, Drake’s wealth comes primarily from his music career and brand partnerships.
While Drake falls slightly behind Eminem, who has an estimated $260 million, his net worth still dwarfs most other popular rappers like Kendrick Lamar ($75 million), Chance the Rapper ($33 million), and Travis Scott ($50 million). Drake’s chart-topping discography, including albums like Take Care, Nothing Was the Same, and Scorpion, have propelled his success. His catchy style and crossover pop appeal have resonated with a wide audience.
Drake further supplements his income through partnerships with major brands like Nike, Apple, and Sprite. His Nike deal is reportedly worth $10 million annually. He also has acting credits, most notably his role as Jimmy Brooks on Degrassi: The Next Generation, which he starred in for eight seasons.
Though Drake has amassed an impressive fortune at a young age, he still has a long way to go to reach the billion-dollar empires built by rappers like Jay-Z, Dr. Dre ($800 million), and Sean Combs ($855 million). However, if Drake continues producing hit records and making savvy business moves, he could well be on his way to joining hip hop’s elite billionaires club.
What is Drake’s actual net worth?
Drake’s net worth is estimated to be around $250 million USD. However, his worth likely far exceeds this amount in reality. As one of the highest-paid musicians, Drake brings in tens of millions each year through record sales, touring, and corporate partnerships.
Since launching his music career, Drake has sold over 170 million records worldwide, making him one of the best-selling music artists of all time. His 2016 album Views shattered streaming records and has been certified quadruple platinum in the US. Drake’s 2018-2019 Assassination Vacation tour earned over $1 million per show, grossing over $46 million total.
Outside of music, Drake has invested in real estate and has endorsement deals with major brands like Nike, Apple, and Sprite. His Nike deal is reportedly worth $10 million per year. He also owns stakes in the Toronto Raptors NBA team and a number of startups.
Drake’s car collection alone is valued at over $8 million. He owns multiple Lamborghinis, Ferraris, Bentleys, and a custom Boeing 767 jet. His Toronto mansion is worth nearly $100 million. He also owns property in LA, Miami, and the Bahamas.
With new albums, tours, investments, and business ventures on the horizon, Drake’s massive net worth will likely only continue to grow. By 2024, his net worth could easily exceed $350 million, cementing his status as one of the richest rappers and musicians in the world. Overall, Drake’s actual net worth in 2022 likely falls between $250 to $350 million, far surpassing initial estimates. The sky’s the limit for the 6 God.
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How much does Drake make per year?
As one of the world’s highest-paid musicians, Drake rakes in an estimated $70 million per year from his successful music career and various business ventures. A large portion of the 6 God’s annual income comes from touring—his 2017 Boy Meets World tour earned over $50 million in just 60 shows.
His chart-topping albums also contribute millions to his net worth. Views, released in 2016, sold over 1.2 million copies in its first week and earned Drake more than $40 million. Scorpion, his 2018 double album, shattered streaming records and likely earned well over $30 million. Even when he’s not touring or releasing new music, Drake’s back catalog of hit songs generates huge streaming revenue and songwriting royalties.
Beyond music, Drake has invested in various startups and struck endorsement deals with major companies like Nike, Sprite, and Apple. His partnership with Nike’s sub-brand Jordan earned him $10 million in 2016 alone. He also has real estate holdings, including a mansion in Toronto, condos in Miami, and a private jet.
While Drake’s music career fuels the bulk of his wealth, the artist formerly known as Aubrey Graham has built up a business empire of his own. His entertainment company, Dreamcrew, has invested in everything from real estate to cannabis startups. He’s also part-owner of the Toronto Raptors NBA team, a stake that’s likely worth at least $25 million.
Between his music, business deals, real estate, and investments, Drake has established himself as a mogul and cultural icon. At just 34, he’s earned a spot among the richest musicians in the world through hard work, talent, and an innate ability to connect with fans. If history is any indication, Drake’s net worth will only continue to grow in the years to come.
Who is richer, Jay Z or Drake?
When it comes to wealth in the rap world, Jay Z reigns supreme. With a staggering net worth of $2.5 billion, Jay Z tops Forbes’ list of the richest rappers. Compare that to Drake, who has built up a sizable fortune of $280 million, and you’ll see Jay Z has accumulated nearly 10 times more wealth.
How did Jay Z build such an insanely profitable empire? For starters, he founded Roc-A-Fella Records in 1995 which helped launch the careers of major artists like Kanye West. He’s also co-founder of the entertainment company Roc Nation. On top of that, Jay Z has invested in everything from real estate to startups. He owns shares in companies like Uber, Puma, and Armand de Brignac champagne.
As for Drake, a big chunk of his wealth comes from touring and record sales. His albums Views, Scorpion, and Take Care were all major commercial hits. Drake’s also got some lucrative endorsement deals with companies like Nike, Sprite, and Apple Music. And he co-owns the Toronto Raptors NBA team.
While Jay Z and Drake are both incredibly successful, Jay Z is really in a league of his own. Between his label, management company, investments, and other business ventures, Jay Z has built up one of the most powerful portfolios of any celebrity. His journey from the streets of Brooklyn to billionaire mogul is a true testament to hustle, vision, and entrepreneurship. No wonder he calls himself “the God MC.” Looks like that title is well deserved!
In the end, there’s no competition. Jay Z reigns as the wealthiest rapper by a landslide while Drake, despite his immense success, still has a ways to go to catch up to hip hop’s first billionaire. But at the rate Drake’s going, who knows? Maybe one day we’ll see him on the Forbes list right beside his mentor Jay Z.
What businesses does Drake own?
Drake has built up an impressive business empire to match his successful music career. Outside of making hit songs and albums, Drake founded his own record label, OVO Sound, and launched the OVO clothing brand.
OVO Sound, short for October’s Very Own, was founded in 2012 and has signed artists like Roy Woods, Majid Jordan, and PartyNextDoor. The OVO clothing brand features high-end streetwear and collaborations with Canada Goose, Roots, and the Toronto Raptors. Most recently, Drake partnered with Nike to launch the Nocta sub-label, featuring sporty luxury attire.
In 2019, Drake founded DreamCrew, a television and film production company. DreamCrew has produced shows like ‘Euphoria’ and the documentary ‘The Carter Effect’. The company aims to promote and invest in diverse, creative talent.
Drake is also an investor in various startups. He joined other celebrities in a $40 million funding round for Daring Foods, a plant-based chicken company. He invested in a cannabis firm, Canopy Growth Corporation, e-sports organization, 100 Thieves, and the stock trading app, Public.com.
With mansions in Toronto, Los Angeles, and elsewhere, a custom Boeing 767 jet, and a collection of luxury cars, Drake certainly knows how to enjoy the fruits of his labor. His business ventures and investments have helped cement his status as one of the highest-earning musicians and most influential artists. By diversifying into fashion, media, cannabis, and more, Drake has built up a substantial net worth and business portfolio outside of just making music.
Though just in his early 30s, Drake has already achieved massive success and shows no signs of slowing down. His ambition and entrepreneurial spirit have allowed him to become not just a famous hip hop artist but a highly accomplished businessman and investor as well. The future remains bright for Drake and his ever-expanding business empire.
Conclusion
So there you have it – Drake’s massive net worth broken down. From his chart-topping music career to his business investments, it’s clear Aubrey Graham knows how to bring home the benjamins. With all those luxury cars, custom private jets, and multi-million dollar properties, Drizzy is living large. We should all be so lucky to have that kind of cash flow. But even if you don’t have Drake money, you can still ball on a budget. Maybe skip the private island and just get yourself a little two-bedroom. You don’t have to go full 6 God to enjoy financial success. Dream big, hustle hard, and handle your money right. Your future net worth will thank you.
