Drake Net Worth (Money & Salary)

What is Drake’s Net Worth?

Drake, a Canadian actor, producer, and rapper, boasts a net worth of $250 million. He consistently ranks among the world’s highest-paid entertainers. Initially, Drake’s career commenced in acting with his role in the popular Canadian TV series “Degrassi: The Next Generation.” However, it was his music that propelled him to global fame, with consistent successful releases since 2006. His debut studio album, “Thank Me Later,” soared to the top of hip-hop charts in 2010. Since then, his continuous touring, appearances on numerous music programs and awards, and dedication to expanding his fanbase have kept him in the spotlight.

Since achieving mainstream recognition, Drake has accrued over $430 million in career earnings, prior to taxes and lifestyle expenses.

From June 2017 to June 2018, Drake’s earnings reached $45 million. In 2017 alone, his total income amounted to $95 million. For the period between June 2018 and June 2019, he made $75 million, followed by $50 million in the subsequent year. For a detailed year-by-year overview of Drake’s annual income, please scroll down.

Universal Music Group Contract

During a Q1 earnings call in May 2022, Universal Music Group announced the renewal of Drake’s contract for a “long-term worldwide partnership.” This agreement encompasses all aspects, including “recorded music, music publishing, film, television, and brands.” Drake has referenced this contract in his lyrics, notably mentioning a deal that came with “360 up front.” Following Universal’s confirmation, interpretations of this lyric have led some to speculate he received $360 million upfront. Other sources suggest the deal could be valued at upwards of $400 million. Prior to this signing, Drake’s music catalog alone had been generating an annual revenue of $50 million for Universal.

If the deal was indeed worth $400 million, it is hypothesized that Drake would receive approximately $200 million upfront after taxes.

Early Life

Aubrey Drake Graham was born on October 24, 1986, in Toronto, Canada. His father, Dennis, was a drummer who performed with artists like Jerry Lee Lewis, while his mother, Sandra (also known as Sandi), was an English teacher and florist. Drake attended a Jewish day school and had a formal Bar Mitzvah celebration.

When Aubrey was five, his parents divorced. His father moved to Memphis, where he later faced arrest and imprisonment for drug charges. Meanwhile, Aubrey lived with his mother in Toronto but would visit his father in Memphis every summer when Dennis was not incarcerated. Drake described his father’s absence during his upbringing, a claim Dennis has strongly contested, stating it was exaggerated for publicity.

From sixth grade onward, Drake and his mother resided in the lower half of a two-story townhouse in the affluent suburb of Forest Hill. While she occupied the street-level floor, Drake lived in the basement. Although they weren’t wealthy, they struggled financially.

While attending Forest Hill Collegiate Institute, Drake discovered his passions for acting and singing. He later enrolled in Vaughan Road Academy, where he faced bullying due to his biracial and religious identity. Eventually, he dropped out but managed to graduate in 2012.

Degrassi

At the age of 15, a childhood friend’s father, an acting agent, assisted Drake in securing a role on the long-running Canadian teen drama series “Degrassi: The Next Generation.” In this series, he portrayed Jimmy Brooks, a talented basketball player who…

disabled after a classmate shot him. He was part of the cast for seasons 1 through 7, making guest appearances in 2008.

During Drake’s time on Degrassi, his mother fell ill and was unable to work. For several years, the only source of income for their family came from his paychecks from Degrassi. At that time, he earned $50,000 annually from the show, which translates to about $2000 each month after taxes. He later reflected on this challenging period:

“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

His first mixtape, “Room for Improvement,” was released in February 2005 through his website and official MySpace page, where he sold over 6,000 copies directly. The following year, he put out his second mixtape, “Comeback Season,” under the banner of his freshly established label, October’s Very Own (OVO Records). This mixtape included the underground hit single “Replacement Girl,” which made history as the first music video from an unsigned Canadian rapper to air on BET. One version featured a sample from “Man of the Year” by Brisco, Flo Rida, and Lil Wayne.

Jas Prince, the founder of Rap-A-Lot Records based in Houston, came across the single and shared it with Lil Wayne. Impressed, Lil Wayne contacted Drake and invited him to Houston to join his Tha Carter III tour. As they toured, Drake and Wayne collaborated on several tracks, including “Brand New,” “Forever,” and “Ransom.”

Young Money Entertainment

Contrary to popular belief, Drake had not yet signed with Wayne’s record label at that stage. In 2009, he released a third mixtape, “So Far Gone,” which was available as a free download on his OVO website. This mixtape featured collaborations with Lil Wayne, Lloyd, Trey Songz, Omarion, and Bun B. It was downloaded 2000 times within its first hour and later received Gold certification from the RIAA, peaking at #2 on the Billboard Hot 100. Additionally, the mixtape was re-released as an EP, debuting at #6 on the Billboard 200 and winning the Juno Award for Rap Recording of the Year in 2010.

Although still an independent artist, Drake attracted significant attention from the music industry, leading to a bidding war with various labels vying to sign him. This contention has been described as “the biggest bidding war in music history,” though this claim remains unverified.

On June 29, 2009, Drake officially signed a contract with Lil Wayne’s Young Money Entertainment. The record deal was a collaboration between Young Money and Cash Money, with Universal Music overseeing distribution.

Mainstream Success

Drake’s debut studio album, “Thank Me Later”, was

Released on June 15, 2010, the album achieved #1 rankings in Canada and the US. In the US, it topped the Billboard 100, the R&B/Hip Hop, and the US Rap charts. Eventually, it received Platinum certification from the RIAA.

His second studio album, “Take Care,” which came out in 2011, also reached #1 on various charts in multiple countries and ultimately achieved 6-times Platinum status.

Since then, every album has been certified at least 4-times Platinum.

Drake stands as one of the most successful and influential figures in hip-hop and the broader music industry. His collaborations include many of the biggest stars, such as Kanye West, Eminem, Jay-Z, and Travis Scott. With numerous nominations for awards, as of now, he has secured over 180 major awards, including four Grammys from more than 40 nominations.

Drake averages around $1 million in earnings per concert.

Singles Sold

Drake holds the record for selling more digital singles than any other artist in history, having sold over 163 million digital singles as of this moment. This figure surpasses Rihanna by 40 million. Regarding album sales, he ranks as the 80th highest-selling musician of all time, with an estimated 26 million albums sold, positioning him as the third best-selling Canadian musician, following Shania Twain (48 million) 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
• 2021: $40 million
• 2022: $30 million

Total: $503 million

YOLO Estate

Although Drake was born in Canada, he began to call Hidden Hills, California, his home in 2012, after purchasing a grand mansion from the previous owner of Los Angeles’ Saddle Ranch Bar for $7.7 million in cash. Referred to as the YOLO Estate, this property includes multiple residences, a 12,000-square-foot main house, and a 2,000-square-foot party house. The estate features equestrian stables, a 25-person movie theater, a full-sized basketball court, a sand volleyball court, and one of the largest privately owned pools in Southern California. His lagoon-style pool wraps around the home’s exterior and includes several waterfalls, a swim-up bar, an 80-foot water slide, and a grotto reminiscent of the Playboy mansion.

In a Rolling Stone interview, Drake revealed that he had admired this mansion for years after searching for “craziest residential swimming pools” and finding it among the results. To motivate himself, he set a picture of the pool as his computer’s background for years. Originally listed for $27 million in 2009, the former owner faced financial difficulties by 2012, allowing Drake to acquire it for $7.7 million.

He expanded his property in 2015 by purchasing the adjacent 1.6-acre estate for $2.8 million. In 2018, he expanded his property further…

Again, he spent $4.5 million to acquire yet another neighboring house, bringing his private estate to a total of 6.7 acres of contiguous property at the end of a cul-de-sac, amounting to $15 million solely in real estate acquisition costs.

In March 2022, Drake put the YOLO Estate on the market for $22.7 million, while buyers also had the option to purchase the primary mansion for $14.8 million.

In April 2022, NFL star Matthew Stafford bought two of the three estates that previously formed the YOLO Estate for $11 million—$3.6 million above the asking price. However, Matthew’s purchases did not include the main “YOLO” mansion. A buyer later paid $12 million in July 2022 for the third parcel.

Here is a video showcasing the entire three-estate property:

Toronto Mansion

In 2016, Drake invested $6.7 million to purchase a piece of land in a suburban Toronto neighborhood known as The Bridle Path. He proceeded to construct a 50,000-square-foot mansion on the two-acre lot, which boasts a 10-car garage, a regulation-sized NBA basketball court, a gym, an awards room, and much more. Notably, the master bedroom occupies an area of 3,200 square feet.

Additionally, he owns a condo situated in downtown Toronto.

$90 Million Beverly Hills Mansion

Reports emerged on March 8, 2022, indicating that Drake had finalized a deal to purchase British singer Robbie Williams’ 20-acre Beverly Hills mansion for $75 million in an off-market transaction. Previously, the home belonged to Armand Marciano, co-founder of the Guess? clothing brand. Drake made the acquisition through a corporate entity named 11Kip, LLC, taking out a $52.5 million mortgage with Bank of America, which meant he provided $22.5 million in cash—exactly 30% of the purchase price.

In May 2023, just over a year after buying the Beverly Hills property for $75 million, Drake listed the mansion for sale at $88 million. He repeated this listing in May 2024 at the same price. Below is a video tour of Drake’s Beverly Hills estate:

300+ Acre Texas Estate

In October 2023, Drake acquired a 313-acre property, previously known as The Inn at Dos Brisas and now referred to as Dos Brisas Ranch, for $15 million. In the early 2000s, the estate served as a private compound for a wealthy family before they transformed it into a resort in 2004, where it garnered numerous high-profile accolades at its peak.

However, like many hospitality businesses, The Inn faced significant challenges due to COVID-19 and was permanently closed in 2022. The property entered the market in April 2022, listed at $17.5 million, and saw a price reduction to $15 million in May 2023. Drake purchased the estate in October 2023 for an undisclosed amount exceeding $10 million. A video tour is available below:

Air Drake Private Jet

In May 2019, Drake unveiled his recently acquired Boeing 767 private jet on Instagram, which he has named (and customized) “Air Drake.” In the video, he proudly asserts that he owns the jet outright, emphasizing that there is “no rental, no timeshare, no co-owners.”

A private jet of equivalent model and quality would have a price range of $75 – $100 million.

Net Worth Milestones of Drake

Drake was first included in Celebrity Net Worth in November 2009, with a net worth estimate of $1 million at that time. This came shortly after he signed with Young Money, a label owned by Lil Wayne. By 2012, his net worth surpassed $25 million, and by 2014, it exceeded $45 million. Late 2016 saw him finally reaching a net worth of over $80 million. His astonishing earnings nearing $100 million in 2017 meant that by early 2018, he comfortably crossed the $100 million mark. In May 2019, he first surpassed a net worth of $150 million.

Entrepreneurial Ventures

Throughout the years, Drake has partnered with numerous major brands, most notably Sprite, Burger King, Whataburger, Nike, and Apple. Upon the launch of Apple Music, he entered into a $19 million exclusivity agreement, granting Apple the exclusive rights to his future solo releases.

In 2012, he established his own record label, OVO Sound, which is distributed by Warner Bros. Records. Aside from Drake, OVO Sound currently represents artists such as PartyNextDoor, Majid Jordan, and Kash Doll, along with producers like Boi-1da, Future the Prince, Mike Zombie, among others.

Furthermore, Drake holds the title of “global ambassador” for the Toronto Raptors and organizes an annual Drake Night with the basketball team.

In 2016, he introduced his bourbon-based whiskey brand named Virginia Black, which sold 4,000 bottles in the initial week of its launch. By the end of that year, an additional 30,000 units were shipped.

Concert Tours

The first headline tour for Drake was the 2010 “Away From Home Tour.” He has since completed five more headlining tours by 2019 and has also co-headlined four tours, notably his 2018 tour alongside the rap group Migos.

The 2016 “Summer Sixteen Tour” became the highest-grossing hip-hop tour in history at the time, amassing $84.3 million from 54 shows, which averages $1.56 million per show. In 2018, the Migos co-headlining tour surpassed that record, earning $80 million across 43 dates, averaging $1.86 million per concert.

Every summer, Drake hosts a festival called “OVO Fest” in Toronto, which sells out rapidly.

Drake maintains a residency at the XS Nightclub in Las Vegas, with potential earnings of $500,000 per appearance. He has also begun earning over $2 million for a formal concert.

Life Beyond Music

Over the years, Drake has been in several high-profile relationships, notably with Rihanna, who he dated on-and-off from 2009 to 2016. He later described her as “the woman I’ve been in love with since I was 22 years old.“

In October 2017, he became a father when French model/actress/artist Sophie Brussaux gave birth to their son, Adonis. It wasn’t until 2018 that Drake publicly confirmed his fatherhood.