Drake Net Worth (Money & Salary)

Drake’s Net Worth: How Much Does He Earn?

Wondering about Drake’s net worth? He is a Canadian actor, producer, and rapper with a whopping net worth of $250 million. Drake consistently ranks as one of the top earners in the entertainment industry.

Drake kickstarted his career as an actor, gaining recognition on the popular Canadian TV series, “Degrassi: The Next Generation.” However, it was his music career that propelled him to global stardom. Since 2006, Drake has been delivering hit after hit, solidifying his position at the top of the charts. His debut album, “Thank Me Later,” debuted at #1 in the hip-hop charts in 2010, marking the beginning of a successful journey.”

Throughout his career, Drake has amassed over $430 million in earnings, before taxes and expenses.

From June 2017 to June 2018, Drake pocketed $45 million. In 2017, his total earnings amounted to $95 million. Over the following year, from June 2018 to June 2019, he earned $75 million. In the subsequent 12 months, his earnings were $50 million. For a detailed breakdown of Drake’s annual income, continue scrolling down.

Universal Music Group Deal: What You Need to Know

In May 2022, Universal Music Group officially confirmed its long-term worldwide partnership with Drake. This comprehensive deal covers various facets like recorded music, music publishing, film, television, and branding. Drake hinted at this collaboration in his songs, alluding to a deal that involved an initial payment of $360 million. While sources estimate the deal’s value at $400 million or more, Drake’s music catalog alone generated $50 million in annual revenue for the company before signing the new deal.

If the contract indeed amounted to $400 million, Drake would have received approximately $200 million after taxes upfront.

Drake’s Early Life: An Insight

On October 24, 1986, Aubrey Drake Graham was born in Toronto, Canada. Drake’s father, Dennis, worked as a drummer, collaborating with artists like Jerry Lee Lewis. His mother, Sandra (also known as Sandi), worked as an English teacher and florist. Drake attended a Jewish day school and celebrated a formal Bar Mitzvah.

His parents divorced when Drake was five, and his father moved to Memphis, where he faced legal troubles and incarceration due to drug-related charges. Drake stayed with his mother in Toronto but visited his father in Memphis during summers. Despite financial constraints, they resided in a modest townhome in an affluent neighborhood called Forest Hill.

At Forest Hill Collegiate Institute, Drake discovered his passion for acting and singing. He encountered challenges at Vaughan Road Academy due to bullying related to his bi-racial and religious background. Although he briefly dropped out, he eventually graduated in 2012.

Drake’s Journey in ‘Degrassi’

At the age of 15, Drake landed a role on the enduring Canadian television series “Degrassi: The Next Generation” with the help of a friend’s father, who was an acting agent. His portrayal of Jimmy Brooks, a basketball player turned disabled after a tragic incident, garnered attention. Drake appeared in seasons 1 through 7 and made guest appearances in 2008.

During Drake’s stint on ‘Degrassi,’ his mother fell ill and was unable to work. The earnings from the show were their sole income for several years. Drake earned approximately $50,000 annually from the show, equating to around $2000 per month post-tax deductions. Reflecting on this period, he recounted, “My mother was very sick. We were very poor, like broke. The only money I had coming in was off of Canadian TV.“

Drake’s Musical Trajectory

Inspired by rap legends like Jay-Z, Drake, then going by his middle name “Drake” as his stage moniker, began releasing mixtapes in 2006.

In February 2005, he dropped his debut mixtape, “Room for Improvement,” leveraging his website and official MySpace page for its release. The mixtape sold over 6,000 copies independently. His subsequent mixtape, “Comeback Season,” released the following year through his label October’s Very Own (OVO Records). It featured the hit single “Replacement Girl,” which gained popularity and even received airtime on BET – a significant milestone for an unsigned Canadian rapper.

Drake’s fortunes shifted when Houston-based producer Jas Prince shared his single with Lil Wayne, leading to Drake joining Wayne’s Tha Carter III tour. The collaboration birthed popular tracks like “Brand New,” “Forever,” and “Ransom.”

Entry into Young Money Entertainment

Contrary to assumptions, Drake had not signed with Wayne’s label initially. He released his third mixtape, “So Far Gone,” in 2009 as a free download on his OVO platform. The mixtape featured guest appearances from industry heavyweights like Lil Wayne, Lloyd, and Trey Songz. Garnering 2000 downloads within the first hour, the mixtape secured Gold certification from the RIAA and charted at #2 on the Billboard Hot 100. It ultimately transitioned from a mixtape to an EP, debuting at #6 on the Billboard 200 and winning the 2010 Juno Award for Rap Recording of the Year.

Despite operating independently, Drake’s talent captured the industry’s attention. A fierce bidding war ensued among record labels, marking one of the most intense competitions in music history – a claim unverified in its magnitude.

On June 29, 2009, Drake inked a deal with Lil Wayne’s Young Money Entertainment, a joint venture with parent company Cash Money, with Universal Music overseeing distribution.

Drake’s Rise to Mainstream Success

Drake – A Musical Powerhouse

Debuting on June 15, 2010, Drake’s first album, “Thank Me Later,” swiftly claimed the #1 spot in Canada and the US. Its success extended to the Billboard 100, R&B/Hip Hop, and US Rap charts, all peaking at #1. Notably, the RIAA certified it as Platinum.

Following up in 2011, his second album “Take Care” replicated this success by reaching #1 in multiple countries across various charts, eventually achieving 6-times Platinum status.

His subsequent albums all attained at least 4-times Platinum certification, cementing Drake as a prominent figure in hip-hop and the music industry. His collaborations with eminent artists such as Kanye West, Eminem, Jay-Z, and Travis Scott further solidified his status.

Accolades have also been abundant, with Drake boasting over 180 major awards, including four Grammys from over 40 nominations. His concert grosses average an impressive $1 million.

Record-Breaking Singles

Drake holds the record for selling the most digital singles in history, surpassing 163 million units. This figure surpasses Rihanna by 40 million. In album sales, he ranks as the 80th best-selling artist, selling an estimated 26 million albums. Drake stands as the third highest-selling Canadian musician, trailing Shania Twain (48 million) and Celine Dion (50 million).

Drake’s Earnings Over Time

• 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
• 2021: $40 million
• 2022: $30 million

Total: $503 million

YOLO Estate

Originally a Canadian, Drake transitioned to calling Hidden Hills, California, home in 2012 when he purchased a lavish mansion for $7.7 million in cash from the former owner of Los Angeles’ Saddle Ranch Bar. Dubbed the YOLO Estate, its grand features include multiple residences, a 12,000-square-foot main house, a 2,000-square-foot party house, equestrian stables, a 25-person movie theater, and more. The estate showcases a lagoon-like pool with waterfalls, a swim-up bar, and an 80-foot water slide.

His motivation to acquire this property stemmed from years of admiration after seeing it featured in a Google search for “craziest residential swimming pools.” Over time, Drake made strategic additions to the estate, enlarging it to a 6.7-acre private compound.

Drake listed the elaborate YOLO Estate in March 2022 for $22.7 million, offering the primary mansion separately for $14.8 million. NFL star Matthew Stafford later acquired two parcels of the property. In 2022, another buyer purchased the remaining parcel for $12 million.

Encounter Drake’s YOLO Estate through this video:

Toronto Mansion

In 2016, Drake invested $6.7 million in a suburban Toronto estate, constructing a 50,000-square-foot mansion on the two-acre plot. This opulent residence boasts a 10-car garage, a regulation-size NBA basketball court, and a 3,200-square-foot master bedroom, among other luxuries. Additionally, Drake owns a condo in downtown Toronto.

$90 Million Beverly Hills Mansion

In March 2022, Drake acquired Robbie Williams’ 20-acre Beverly Hills estate for $75 million. Previously owned by Guess? clothing brand co-founder Armand Marciano, Drake obtained the property through his corporate entity, 11Kip, LLC, putting down $22.5 million in cash and securing a mortgage with Bank of America for the remaining amount.

After a year, Drake listed the property for $88 million. Discover his Beverly Hills mansion in this video:

300+ Acre Texas Estate

In October 2023, Drake acquired the extensive Dos Brisas Ranch in Texas, encompassing 313 acres of land. Formerly a well-known resort, the estate faced financial challenges due to the pandemic and was ultimately shut down. Drake’s purchase ensured the vast property, now his private estate.

Experience a tour of the vast Texas estate:

Air Drake Private Jet

In May 2019, Drake unveiled his customized Boeing 767 private jet on Instagram, named “Air Drake.” Proudly stating full ownership without co-owners or rentals, Drake highlighted the jet’s value, estimated at $75 – $100 million.