Drake Net Worth

$200 Million

Canadian-born Drake is an actor, producer, and rapper with an estimated net worth of $200 million. He has consistently been one of the highest-paid entertainers in the world. Before he became one of the biggest rappers in the world, Drake appeared on the Canadian teen drama – Degrassi: The Next Generation. In his career, Drake has earned over $430 million before taxes and living expenses.

As of June 2018, Drake made $45 million. His total earnings for 2017 were $95 million. Over the past year, he earned $75 million. The following year, he made $50 million. Check out Drake’s earnings by year by scrolling down.

Early Life

On October 24, 1986, Aubrey Drake Graham was born in Toronto, Canada. Dennis Drake, Drake’s father, was a drummer who toured with Jerry Lee Lewis. Drake’s mother Sandra, aka Sandi, taught English and was a florist. In addition to attending a Jewish day school, Drake celebrated his Bar Mitzvah with a formal ceremony.

As Aubrey was a child, Sandi and Dennis divorced. The father after moving to Memphis was arrested and jailed for several years due to drug charges. Despite visiting his father in Memphis every summer (when he wasn’t behind bars), Aubrey stayed with his mother in Toronto. Later, Drake would claim that Dennis was absent throughout Dennis’ childhood, which Dennis strongly denied and asserted were embellishments.

Since sixth grade, Drake and his mom have lived in a two-story townhouse in an affluent suburb named Forest Hill. Drake lived in the basement, while his mother lived on the street level. Although they were not rich, they had a hard time making ends meet.

Drake discovered his love for acting and singing at Forest Hill Collegiate Institute. At Vaughan Road Academy, he was bullied because of his religious and ethnic background. Despite dropping out, he was able to graduate in 2012.

Degrassi

Drake’s childhood friend’s father, an acting agent, helped him land a role on the long-running Canadian teen drama “Degrassi: The Next Generation” when he was 15. In the show, he played Jimmy Brooks, a basketball star shot by a classmate who became disabled. The actor appeared in seasons 1 through 7 of the series as a cast member and as a guest in 2008.

During Drake’s appearance on Degrassi, his mother became ill and could not work. They lived off his Degrassi paychecks for several years. He earned $50,000 per year from the show at the time. The net monthly income is about $2000 after taxes. As he would later describe this period, he said: “My mother was very sick. We were very poor like broke. The only money I had coming in was off of Canadian TV.“

Music Career

In 2006, Aubrey Drake, who by now went by his middle name “Drake” as his stage name, began releasing mixtapes inspired by legendary rap artists such as Jay-Z.

The mixtape was released through his website and MySpace page on February 5, 2005. Over 6,000 copies were sold directly by him. The following year, he released his second mixtape, “Comeback Season”. The mixtape was released under Octagon’s Very Own (a.k.a. OVO Records), which he founded recently. The mixtape featured a hit underground single called “Replacement Girl”. BET aired the first unsigned Canadian rapper’s video for the song. This song also includes a spliced sample of Flo Rida’s “Man of the Year,” which Brisco, Flo, and Lil Wayne all sing.

Lil Wayne heard the single from Houston-based producer and Rap-A-Lot Records founder, Jas Prince. Lil Wayne was impressed and invited Drake to join him on his Tha Carter III tour in Houston. Drake and Wayne began writing and recording several songs during the tour, including “Brand New,” “Forever,” and “Ransom.”

Young Money Entertainment

At this point, Drake had not signed with Wayne’s record label. In 2009, he released a third mixtape, “So Far Gone”. His OVO website offered it for free download. The mixtape featured Lil Wayne, Lloyd, Trey Songz, Omarion, and Bun B. It was downloaded 2000 times in the first hour, and it reached #2 on Billboard Hot 100. Mixtapes were eventually released as EPs, which debuted at #6 on the Billboard 200 and won the 2010 Juno Award for Rap Recording of the Year.

As an independent artist, Drake was now in high demand within the music industry. Many labels were scrambling to sign him, and the result was a bidding war. This seems to be “the biggest bidding war in the history of music”.

Drake signed a contract with Young Money Entertainment on June 29, 2009. Record company deal was a joint venture between Cash Money and Young Money, while Universal Music handled distribution.

Mainstream Success

Drake released his debut studio album, “Thank Me Later”, on June 15, 2010. In Canada and the United States, the album reached #1. In the US, it hit #1 in the Billboard 100, #1 in the R&B/Hip Hop chart, and #1 on the US Rap chart. In the end, it was certified Platinum by the RIAA. 

In 2011, he released his second studio album, “Take Care,” which hit #1 in several countries and went six times platinum. Since then, all of their albums have been platinum.

The music industry and hip-hop specifically are dominated by Drake. In addition to Kanye West, Eminem, and Jay-Z, he has worked with Travis Scott and Jay-Z. Drake has won numerous awards. Currently, he has won more than 180 major awards, including four Grammys, from more than 40 nominations. Drake earns approximately $1 million per concert.

Singles Sold

Drake is the most successful digital artist in history. To date, he has sold 163 million digital singles. Rihanna was in second place with 40 million more. He sold 26 million albums, making him the 80th most successful musician of all time in terms of album sales. With that success, he now ranks behind Shania Twain (48 million copies) and Celine Dion (50 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

2020: $50 million

Total: $433 million

Real Estate

 The Canadian-born rapper now calls Hidden Hills, California home after buying a palatial mansion for $7.7 million from the former owner of Los Angeles’ Saddle Ranch Bar. YOLO Estate features multiple residences including a 12,000 square foot main house and a 2,000 square foot party house. The estate includes equestrian facilities, a 25-seat movie theater, a full-sized basketball court, an outdoor sand volleyball court, and one of Southern California’s largest private pools. An 80-foot water slide, a swim-up bar, several waterfalls, and a grotto in the style of a Playboy mansion are some of the features of his lagoon-like pool. The rapper explained in a Rolling Stone interview that he had been eyeing this mansion for years ever since he found it while Googling “craziest residential swimming pools.”. To motivate himself, he used a photo of the pool as the background image on his computer. It was listed in 2009 for $27 million by its former owner. In 2012, the former owner was experiencing cash flow difficulties, so Drake bought the property for $7.7 million.

He expanded his property by purchasing the neighboring 1.6-acre estate in 2015 for $2.8 million. He spent another $4.5 million in 2018 to buy yet another neighboring house. He now controls more than 6.7 acres of contiguous real estate at the end of a cul-de-sac, representing $ 15 million in acquisition costs.

Drake purchased a plot of land in suburban Toronto for $6.7 million where he intends to build a mansion of 35,000 square feet. A condo is also owned by him in downtown Toronto.

In total, Drake owns real estate worth at least $25 million. His real estate assets (particularly the Hidden Hills compound) are probably worth significantly more after deduction of his improvements. It may be possible to recoup $20-30 million on Hidden Hills’ own. On May 8, 2019, the same community’s 2-acre estate went for $15.5 million.

Private Jet

Drake revealed on his Instagram page in May 2019 that he had acquired a Boeing 767 private jet that he dubbed (and painted) “Air Drake”. According to Drake’s video, the jet belongs to him free and clear, saying there are “no rentals, no timeshares, no co-owners.” In comparison, a quality private jet worth $75 – $100 million would be worth.

Drake’s Net Worth Milestones

As of November 2009, Drake’s net worth was estimated at $1 million by Celebrity Net Worth. Few months prior, he had signed with Young Money. In 2012, his net worth exceeded $25 million. He earned over $45 million by 2014. In 2016, he reached a new milestone of $80 million. In early 2018, he easily surpassed $100 million after his near-$100 million earned in 2017. For the first time ever, in May 2019, he reached a net worth of $150 million.

Personal Life

 Drake has dated several high-profile women. His relationship with Rihanna lasted from 2009 to 2016. Later, he would say that Rihana was the woman he loved since he was 22 years old.

An actress/model/artist named Sophie Brussaux gave birth to a son named Adonis in October 2017. Drake didn’t reveal that he was a father until 2018.