Drake Net Worth

Net Worth$170 Million
Date of BirthOctober 24, 1986
ProfessionRapper/Songwriter
NationalityCanadian
Last Updated2020

Introduction:

Drake Net Worth, How did the Canadian rapper and actor attain his wealth? Find out more interesting facts about Drake Net Worth and his career.

Drake Net Worth

Drake Early Life

He is a Canadian-born actor, producer and rapper. Drake was a child actor who appeared on the Canadian teen-drama Degrassi: The Next Generation before he became a rapper. 

On the show he played Jimmy Brooks, a basketball star who became disabled after being shot by a classmate. He was a cast member for seasons 1 through 7, with guest appearances in 2008.

Drake Career

Aubrey Drake Graham was born in Toronto, Canada on October 24, 1986. He started his music career in February 2006, releasing his first mixtape Room for Improvement via his website and official MySpace page.

Lil Wayne received some of Drake’s music from Rap-A-Lot founder, Jas Prince in 2008 so he called Drake and invited him to fly to Houston and tour with him. 

Drake signed a recording contract with Lil Wayne’s Young Money Entertainment in June 2009. Since then, Drake has transformed into one of the most successful and powerful forces in hip-hop. 

He has worked with dozens of the biggest stars in the music industry including Kanye West, Eminem, Jay-Z and Young Jeezy. Drake has been nominated for numerous awards. He has won 123 major awards including four Grammys. 

As of this writing, Drake has released five studio albums. He has sold 20 million albums and 100 million singles worldwide. Drake grosses approximately $1 million per concert. He also has endorsement deals with Apple, Sprite and Nike. Drake’s mansion in Los Angeles boasts one of the largest privately-owned pools on the West Coast of the United States.

In 2012 Drake formed his own record label, OVO Sound, which is distributed by Warner Bros. Records. In addition to Drake, today OVO Sound reps music for artists such as PartyNextDoor, Majid Jordan, Kash Doll and producers such as Boi-1da, Future the Prince, Mike Zombie and more.

He is the ‘global ambassador’ of the Toronto Raptors and hosts an annual Drake Night with the team.

In 2016 Drake launched his own brand of bourbon-based whiskey called Virginia Black. The company sold 4000 bottles in the first week after launching.

Drake Net Worth and Earnings

Drake Net Worth as of today is $170 Million while his salary is $70 Million. Drake Net Worth is acquired from his career as a rapper and actor.

From 2010 to 2019, he earned $383 million before taxes and lifestyle costs. From June 2017 to June 2018, Drake earned $45 million. In 2017 he earned a total of $95 million. Between June 2018 and June 2019, he earned $75 million. 

Drake’s Earnings By Year:

  • 2010: $10 million
  • 2011: $11 million
  • 2012: $21 million
  • 2013: $11 million
  • 2014: $33 million
  • 2015: $40 million
  • 2016: $40 million
  • 2017: $95 million
  • 2018: $47 million
  • 2019: $75 million

Though Drake was born in Canada, Drake has called Hidden Hills, California home since 2012 when he bought a palatial mansion from the former owner of Los Angeles’ Saddle Ranch Bar for $7.7 million in cash. Nicknamed the YOLO Estate, the property features multiple residences including a 12,000 square-foot main house and a 2,000 square foot party house. 

The estate features equestrian stables, 25-person movie theater, a full-sized basketball court, sand volleyball court and one of the largest privately-owned pools in Southern California. His lagoon-like pool, which loops around the exterior of the house, features with several waterfalls, a swim-up bar an 80-foot water slide and Playboy-mansion style grotto. 

In a Rolling Stone interview Drake explained that he had his eye on this mansion for years after Googling ‘craziest residential swimming pools’ and seeing this as one of the results. A photo of the pool was the background image on his computer for years as motivation. The former owner listed the house in 2009 for $27 million. By 2012 the former owner was experiencing a cash crunch so Drake swooped in and bought it for $7.7 million.

In 2015, he extended his property by buying the neighboring 1.6 acre estate for $2.8 million. In 2018, Drake extended the property again when he spent $4.5 million to buy yet another neighboring house. His private estate now encompasses 6.7-acres of contiguous property at the end of a cul-de-sac that represent $15 million in real estate acquisition costs alone.

In 2016 Drake spent $6.7 million to buy a plot of land in suburban Toronto where he intends to build a 35,000 square foot chateau-style mansion. He also owns a condo in downtown Toronto.

Drake owns at least $25 million worth of real estate in total. His real estate assets (especially the Hidden Hills compound) are likely worth much more when his improvements are included. It’s possible that the Hidden Hills compound now would fetch $20-30 million on its own. For comparison, a 2-acre estate in the same community was listed for $15.5 million in May 2019.

In May 2019, Drake released a video on Instagram that revealed his newly-acquired private jet which he has dubbed (and painted) ‘Air Drake’. According to the video, Drake is proud to own the jet free and clear, proclaiming that it’s all his with “no rental, no timeshare, no co-owners.” A similar model and quality private jet would be worth $75 – $100 million.

Over the year, Drake has endorsed many major brands including most notably, Sprite, Burger King, Whataburger, Nike and Apple. When Apple Music launched, Drake signed a $19 million exclusivity deal. This deal allows Apple to be the exclusive initial home of all of Drake’s future solo releases.

Summary:

Aubrey Drake Graham is a Canadian-born actor, producer and rapper. He has worked with dozens of the biggest stars in the music industry including Kanye West, Eminem, Jay-Z and Young Jeezy.

He is the ‘global ambassador’ of the Toronto Raptors and hosts an annual Drake Night with the team.

As of 2020, Drake’s net worth is $170 Million.

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