Drake Net Worth 2022
How Much is Drake Net Worth?
Drake Net Worth
|Net Worth:||$250 Million|
|Salary:||$70 Million Per Year|
|Date of Birth:||Oct 24, 1986 (35 years old)|
|Height:||6 ft (1.83 m)|
|Profession:||Actor, Singer, Songwriter, Rapper, Voice Actor, Composer, Record producer|
What Is Drake’s Net Worth?
Drake is a Canadian-born performer as well as a producer who owns an estimated net amount of 250 million dollars. Drake is often one of the most well-paid entertainers in the world. Before becoming a huge rapper, Drake was a child actor in the Canadian drama for teens Degrassi: the Next Generation. After his first breakthrough into mainstream fame, Drake earned more than $430 million during his career prior to the tax and living expenses.
Between June 2017 and June 2018, Drake made the sum of $45 million. In 2017, Drake earned $95 million. In the months between June 2018 to June 2019, the man earned $75 million. In the following 12 months, the figure was $50 million. Click here for a complete year-by-year breakdown of Drake’s annual earnings.
Universal Music Group Contract
In the annual Q1 conference in 2022, Universal Music Group confirmed that it had signed Drake to the terms of a “long-term worldwide partnership” the agreement included the entire spectrum of “recorded music to music publishing, film, television and brands.” Drake has referenced the deal in a couple of songs. In one track, he sang about signing a contract that was accompanied by “360 upfront.” With the confirmation of Universal that the deal was signed, some have taken this lyric as meaning that the deal was worth $360 million upfront. Some sources have put the worth of the deal at around $400 million or more. In the time prior to the signing date, Drake’s catalogue alone was generating 50 million dollars in revenue per year for its company.
If the deal were valued at $400 million then after taxes, Drake could theoretically have been given $200 million as a cash payment prior to taxation.
Aubrey Drake Graham on October 24 of 1996 in Toronto, Canada. Drake’s father Dennis was a drummer and played with famous musicians such as Jerry Lee Lewis during his career. The mother of Drake, Sandra, also known as Sandi worked as an English instructor and also a florist. Drake was a student at a Jewish Day School and was able to attend an official Bar Mitzvah celebration.
Sandi Dennis and Sandi Dennis divorced at the age of Aubrey aged five. The father then relocated to Memphis and he eventually was arrested and detained for several years for drug-related charges. Aubrey lived at home with her mother in Toronto however he did visit his dad in Memphis each in the heat of summer (when his father wasn’t in prison). Drake later referred to Dennis as having been absent throughout his early years, claims Dennis has repeatedly denied and claims were made to promote records.
From the sixth grade onwards, Drake and his mom resided in the bottom part of a townhouse with two stories. home in a suburb of affluence known as Forest Hill. His mom was on the ground floor was street level, and Drake resided on the lower level. They weren’t wealthy and their finances were very tight.
When he was at Forest Hill Collegiate Institute, Drake discovered an interest in singing and acting. Drake later went to Vaughan Road Academy where he was targeted for his religion and race. He was unable to attend for a while and then graduated in 2012.
Drake was involved in a variety of notable relationships throughout his career. He was in a relationship with Rihanna from time to time between 2009 and 2016. He later described Rihana to be ” the woman I’ve been in love with since I was 22 years old.“
In October 2017, a French actress, model and artist knew as Sophie Brussaux gave birth to his son Adonis. Drake did not announce his fatherhood until 2018.
At the age of fifteen, a childhood friend’s father – who was an agent for actors was able to help Drake get a part in the long-running Canadian drama for teenagers “Degrassi: The Next Generation”. The show featured him as Jimmy Brooks, a basketball star who suffered a disability due to being shot at by a fellow classmate. He was a part of the cast from seasons 1 to 7 as well as guest appearances in the year 2008.
While Drake was on Degrassi his mother fell sick and was unable to work. Drake’s Degrassi paychecks were their sole source of income for a few years. In the beginning, he was making $50,000 per year in wages on the television show. It was about 2000 dollars per month, after-tax. Then he would describe the time frame as follows:
” My mother was very sick. We were very poor, like broke. The only money I had coming in was off of Canadian TV.“
Inspiring by rap icons such as Jay-Z who signed record contracts after achieving success independently, Aubrey – who by now was going by the”middle name “Drake” as his stage name – began to release mixtapes in the year 2006.
In February 2005, he launched his debut mixtape “Room for Improvement” via his website and his official MySpace page. The mixtape was sold out to thousands of copies in one go. The second mixtape he released was, “Comeback Season”, in the year following. The mixtape was released by his label, which was recently launched by Octopus’ Very Own (aka OVO Records). The mixtape included the most popular underground track “Replacement Girl”. The music video for the track was the first music video by the unsigned Canadian rapper to be aired on BET. The song’s first version included a spliced version of the track “Man of the Year” by Brisco, Flo Rida and Lil Wayne.
A Houston-based producer from Houston and Rap-A-Lot Records founder, Jas Prince, who is a Houston-based producer and founder of Rap-A-Lo and passed it to Lil Wayne. Lil Wayne was impressed and reached out to Drake asking him to travel to Houston to be a part of Drake on his Tha Carter III Tour. The tour continued to progress, Drake and Wayne created and recorded many songs, including “Brand New”, “Forever” and “Ransom”.
Young Money Entertainment
Contrary to what you might think, Drake had not signed on to Wayne’s record label until this point. Drake released a mixtape titled, “So Far Gone” in 2009. The mixtape was released as a download for free through the OVO website. The mixtape included appearances by Lil Wayne, Lloyd, Trey Songz, Omarion and Bun B. After receiving a download of 2000 times in its first 24 hours, the album was eventually declared Gold from the RIAA and peaked at number 2 on the Billboard Hot 100. The mixtape eventually came out as an EP that was released at the number 6 spot on the Billboard 200 and won the 2010 Juno Award for Rap Recording of the Year.
Drake was still an independent artist. Drake was highly sought-after in the industry of music. The bidding war led to several labels trying to sign Drake. The desperate situation was called “the biggest bidding war in music history” although this isn’t confirmed.
In June 2009 Drake signed a deal in partnership with Lil Wayne’s Young Money Entertainment. The contract was part of a joint venture that was a partnership between Young Money and its parent company Cash Money, with Universal Music controlling the distribution.
(Photo by Frazer Harrison/Getty Images)
Drake’s first studio album “Thank Me Later” was released on June 15, 2010. The album ranked in the top spot in Canada as well as the US. The album was also a hit in the US it reached number one on the Billboard 100, #1 on the R&B/Hip-Hop and #1 on the US Rap charts. It was then recognized as Platinum from the RIAA.
The second album of his studio”Take Care” released in 2011 “Take Care” also hit #1 in several countries, and appeared on numerous charts, and eventually went six times Platinum.
Since then, every album has been at least 4 times Platinum.
Drake is among the most powerful and successful forces in hip-hop as well as the industry as a whole. He has collaborated with many of the most famous musicians like Kanye West Eminem, Jay-Z and Travis Scott. Drake has been nominated for numerous awards. At the time of writing, Drake has received greater than 180 major prizes. This includes 4 Grammys out of more than forty nominations.
Drake earns around 1 million dollars per show.
Drake has sold more digital singles than any other artist before him. At the time of writing, Drake has sold more than 163 million singles digitally. This is 40 million more than the second-placed artist, Rihanna. As far as album sales, he’s the top-selling artist in the 80th percentile ever with approximately 26 million album sales. He is the third highest-selling Canadian artist of all time, just behind Shania Twain (48 million) and Celine Dion (50 million).
Drake’s Earnings Yearly
- 2010 10 million dollars
- 2011 1 million
- 2012 $21 million
- 2013: $11M
- 2014 2013: $33 million
- 2015 40 million
- 2016 2014: $40 million
- 2017 $95 million
- 2018 2017: $47 million
- 2019 2018: $75 million
- 2020 50 million dollars
Total 433 million
(Photo by Christopher Polk/Getty Images)
While Drake is a native of Canada, Drake has called Hidden Hills, California home since 2012 when he purchased a lavish mansion from the proprietor of Los Angeles’ Saddle Ranch Bar for $7.7 million in cash. The property is dubbed”the YOLO Estate, the property includes multiple homes, which include a 12,000 square foot main house as well as an additional 2,000 square feet party house. The estate is home to equestrian stables as well as a 25-person theatre for movies and a basketball court that is full size as well as a sand volleyball court. It is one of the largest privately-owned swimming pools located that are located in Southern California. The lagoon-like pool runs around the outside of the home, is equipped with numerous waterfalls, a bar for swimming up with a water slide that is 80 feet long and a Playboy-mansion-style Grotto.
In an interview with Rolling Stone interview, Drake explained that he had an interest in this house for many years following a search for “craziest residential swimming pools” and recognizing this as an outcome. In order to motivate himself, he put an image that showed the swimming pool in the background on his computer for a long time. The previous owner sold the property in 2009 for sale at $27 million. The owner was suffering from an economic crisis, so Drake came in and purchased the property for $7.7 million.
In 2015, he enlarged his property when he bought the adjacent 1.6 acres of land in exchange for $2.8 million. In the year 2018, he enlarged the property yet again after he paid $4.5 million to purchase another house in the neighbourhood. The private estate of his estate now covers 6.7-acres of property that is contiguously located at the bottom of a cul-de-sac which is 15 million dollars of real estate purchase expenses in all.
Drake offered his YOLO Estate in March 2022 for $22.7 million. One buyer could also purchase just the mansion itself in the amount of $14.8 million.
In 2016, Drake paid $6.7 million in order to purchase an area that was located in the suburbs of Toronto an area known as Bridle Path. Drake then built a massive mansion of 50,000 square feet on the two-acre site. The property has 10 cars of garage space, a regulation-sized NBA basketball court as well as a gym, an awards room and more. The master bedroom itself has a total of 3,200 square feet.
On March 8, 2022, it was announced that Drake was negotiating a deal to purchase British artist Robbie Williams’ 20-acre Beverly Hills mansion. The amount Drake paid for the deal was “Mid $70 million,” according to an insider who spoke to The LA Times.
The owner also has a condominium in the city centre of Toronto.
In all, Drake owns at least $100 million worth of real property assets.
In May of 2019, Drake uploaded a post on Instagram which showed his recently acquired Boeing 767 aircraft, a private one, which Drake has named (and coloured) “Air Drake”. In the clip, Drake himself is pleased to have the plane unrestricted and clear, claiming that it’s his for the taking and comes with “no rental, no timeshare, no co-owners.” A similar model and a top-quality private jet is around $75-100 million.
Drake’s Networth Milestones
Our first addition of Drake to Celebrity Net Worth in November 2009 with the first estimate of his net worth at $1million. Drake was signed to the Lil Wayne’s Young Money just a few months prior. In 2012, his net worth was $25 million. In 2014, he had reached $45 million. In late 2016, he had surpassed $180 million for only the second time. With his astonishing close to $100 million earnings in 2017, he quickly surpassed $100 million by the beginning of 2018. In May 2019, his net worth surpassed 150 million, for the very first time in history.
Over the years, Drake has supported a variety of major brands, including but not limited to Sprite, Burger King, Whataburger, Nike and Apple. At the time that Apple Music launched, Drake signed an exclusive $19 million agreement. This agreement allowed Apple to become the sole first home for Drake’s solo music.
In 2012, Drake established OVO Sound, his own label. OVO Sound, which is owned through Warner Bros. Records. Alongside Drake today, OVO Sound reps music for artists like PartyNextDoor, Majid Jordan, Kash Doll, and producers like Boi-1da Future the Prince Mike Zombie and more.
Drake is known as the “global ambassador” of the Toronto Raptors and hosts an annual Drake Night with the team.
In the year 2016 Drake created a brand of his own whiskey based on bourbon named Virginia Black. The company sold 4000 bottles within the first week of its debut. In the following year, the company sold an additional 30000 units.
His first headlining tour for Drake was in 2010’s “Away From Home Tour”. Drake has since embarked on five more headline tours until the end of the year 2019. He also co-hosted four tours, including his 2018 tour with rapper group Migos.
The year-long “Summer Sixteen Tour” was the top-grossing hip-hop tour the past to this date, with a total of $84.3 million from 54 shows. It’s an average that was $1.56 million per show. The Migos co-headlining tour set the record in 2018 with a profit of $80 million across 43 shows. This is an average of $1.86 million for each concert.
Every summer, Drake organizes a music festival in Toronto named “OVO Fest” that sells immediately.
Drake is currently a resident in The XS Nightclub in Las Vegas which could easily bring the singer $500,000 per appearance. Drake now earns over $2 million for more formal events.