Drake is a native of Canada. He is an actor as well as a producer who has an estimated amount of around $250million. Drake is regularly among the highest-paid entertainers around the world. Before becoming a huge rapper, Drake was a child actor who was a part of the Canadian drama for teens Degrassi the Next Generation. Since his initial breakthrough to mainstream success, Drake has earned more than $430 million over the course of his career prior to tax and lifestyle expenses.
Between June 2017 and June 2018, Drake made an estimated $45 million. In 2017, he earned $95 million. From June 2018, through June 2019 the man earned $75 million. In the next 12 months, the figure was $50 million. Click here for a complete year-to-year breakdown of Drake’s earnings.
Quick Overview
| Net Worth: | $250 Million |
| Salary: | $70 Million per Year |
| The date of birth: | October 24 April, October 24, 1986 (35 ans old) |
| Gender: | Male |
| Height: | 6 feet (1.83 m) |
| Profession: | Actor, Singer, Songwriter, Rapper, Voice Actor, Composer, Record producer |
| Nationality: | Canada |
Universal Music Group Contract
The company’s conference call for its Q1 results in the month of May, 2022. Universal Music Group confirmed that it had signed Drake to the terms of a “long-term global partnership” The agreement covered all aspects of “recorded music to publishing music films, television, and brand names.” Drake has made reference to this agreement in a handful of songs. In one track, he sang about signing a contract that included “360 upfront.” Based on Universal’s confirmation it is possible to interpret the lyric to mean that the deal was worth $360 million upfront. Others have put the worth of the deal at around $400 million or more. In the time prior to the signing date, Drake’s catalog alone had generated 50 million dollars in revenue per year to the business.
If the deal were in the $400-million range, following taxes, Drake could have theoretically given $200 million as a cash payment prior to taxation.
Early Life
Aubrey Drake Graham on October 24 on the 24th of October, the 24th of October, 1986 Toronto, Canada. Drake’s father Dennis was drummer with famous musicians such as Jerry Lee Lewis during his career. His mother, Sandra, who was referred to as Sandi was an English teacher and florist. Drake was a student at an Jewish education at a dayschool and was able to attend an official Bar Mitzvah celebration.
Sandi as well as Dennis divorced in the year Aubrey turned five. The father then relocated to Memphis which is where he was arrested and detained for a few years in connection with drug related charges. Aubrey lived at home with her mother Toronto but he visited the father of his in Memphis each in the heat of summer (when his father wasn’t in prison). Drake would later refer to Dennis as not being present during his youth, claims Dennis has denied with vehement adamant and claimed were embellished to make records.
From the sixth grade onwards, Drake and his mom resided in the lower half of a two-story town home in a suburb of affluence known as Forest Hill. His mother was on the ground floor that was street level, Drake resided on the lower level. They weren’t rich In fact, the money was extremely tight.
When he was at Forest Hill Collegiate Institute, Drake discovered a love for singing and acting. Later, he attended Vaughan Road Academy where he was subject to bullying for his religion and race. He was unable to attend for a while however he did graduate in 2012.
Degrassi
When he was 15 the father of a childhood friend acting agent assisted Drake to get a role in the long-running Canadian drama for teenagers “Degrassi the New Generation”. In the show, he played Jimmy Brooks, a basketball player who was disabled following a shooting by his fellow classmate. He was a part of the cast from season 1 to 7 with guest appearances on the show in 2008.
While Drake was on Degrassi his mother was sick and was unable to work. Drake’s Degrassi pay checks were their sole source of income for the next several years. He was making $50,000 per year in wages on the television show. It was about 2000 dollars per month, after tax. Later, he would explain this period as:
“My mother was extremely sick. We were extremely poor, almost broke. The only money I could get into my account was through Canadian television.”
Music Career
Inspiring by rap icons such as Jay-Z who signed record contracts after their success independently, Aubrey – who by now was using the middle title “Drake” in his stage name started release mixtapes around the year 2006.
In February 2005, he released the first single mixtape “Room for Improvement” through his official website and MySpace page. He was able to sell thousands of copies direct. The second mixtape he released was, “Comeback Season”, in the year following. He released the mixtape on his label, which was recently launched by Octopus’ Very Own (aka OVO Records). This mixtape included an underground hit single titled “Replacement girl”. The music video 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.
The Houston-based producer from Houston and Rap-A-Lot Records founder, Jas Prince, who was a producer in Houston, heard the song and shared it with Lil Wayne. Lil Wayne was impressed and reached out to Drake and asked him to travel to Houston to be a part of Drake on his Tha Carter III Tour. As the tour progressed Drake and Wayne created and recorded many songs, including “Brand new”, “Forever” and “Ransom”.
Young Money Entertainment
However, contrary to what you’d think, Drake had not signed to Wayne’s label until this point. He released a mixtape titled, “So Far Gone” in 2009. The mixtape was made available as a download for free through OVO’s OVO website. The mixtape included appearances by Lil Wayne, Lloyd, Trey Songz, Omarian and Bun B. After having been downloaded 2000 times within the beginning hours, the tape eventually declared Gold from the RIAA which ranked it at number 2 in the Billboard Hot 100. The mixtape would later be released as an EP, which was released at the number 6 spot in the Billboard 200 and won the 2010 Juno Award for Rap Recording of the Year.
He was an independent musician, Drake was at present highly sought-after in the industry of music. There was a bidding war that resulted in numerous labels trying to sign Drake. The desperation was described as “the most expensive bidding war in the history of music” although that’s still not proven.
The 29th of June, 2009 Drake signed a deal to the Lil Wayne’s Young Money Entertainment. The deal was an agreement with Young Money and its parent company Cash Money, with Universal Music controlling the distribution.
Mainstream Success
Drake’s debut album of his own, “Thank Me Later” was released on June 15th, 2010. The album reached the top spot in Canada as well as the US. The album was also a hit in the US it was ranked top spot on Billboard 100, #1 on the R&B/Hip-Hop and #1 on the US Rap chart. It was then recognized as Platinum from the RIAA.
The second album of his studio”Take Care,” which was released in 2011 “Take Care” also hit #1 in several countries , and appeared on numerous charts before eventually reaching six times Platinum.
Since then, every album has been at least 4 times Platinum.
Drake is among the most influential and successful force in hip-hop as well as the entire music industry. Drake has collaborated with a variety of the biggest names in the world of music, including Kanye West Eminem, Jay-Z and Travis Scott. Drake has been awarded numerous awards. At the time of writing, Drake has received greater than 180 major prizes. This includes the four Grammys with more than 40 nominees.
Drake makes around $1 million per show.
Singles Sold
Drake has sold more digital singles than any other artist ever. As of the moment of writing, Drake has sold over 163 million singles digitally. This is more than 40 % more than second highest-selling artist, Rihanna. As far as album sales, he’s the top-selling artist in the 80th percentile ever with the estimated sale of 26 million albums. This makes him the third-highest-selling Canadian artist of all time , just behind Shania Twain (48 million) and Celine Dion (50 million).
Drake’s earnings by year
2010 10 million dollars
2011 $11 million
2012 $11 million
2013: $11 Million
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
Real Estate
Although Drake is a native of Canada, Drake has called Hidden Hills, California home since 2012 when he purchased a lavish mansion from the previous proprietor of Los Angeles’ Saddle Ranch Bar for $7.7 million in cash. It is known as”the YOLO Estate, the property includes multiple homes, comprising a 12,000-square-foot main house as well as an additional 2,000 square feet party house. The estate has stables for horses as well as a 25-person theater for movies as well as a large basketball court tennis court, sand volleyball courts and one of the largest privately owned swimming pools located within Southern California. The lagoon-like pool is a loop around the outside of the house, is stocked numerous waterfalls, a bar for swimming up an 80-foot water slide , and a Playboy-mansion-style the grotto.
In the course of a Rolling Stone interview Drake explained that he was keeping an eyes on the mansion for many years following a search for “craziest homes with swimming pools” and then seeing that as one result. In order to motivate himself, he had an image from the area as the background on his laptop for years. The previous owner sold the property in 2009 for sale at $27 million. In 2012, the owner was facing an economic crisis, so Drake was able to buy the property for $7.7 million. https://www.youtube.com/embed/LdBZgBvOg8U
In 2015, he enlarged his property when he bought the adjoining 1.6 acres of land at $2.8 millions. In 2018 , he extended the property yet again after the cost was $4.5 million to purchase another neighboring home. The estate now comprises 6.7-acres of property that are contiguous situated at the top of a cul de-sac that is worth 15 million dollars on real estate investment expenses by itself.
Drake offered his YOLO Estate in March 2022 for $22.7 million. One buyer could also purchase only the main mansion at $14.8 million.
In 2016, Drake paid $6.7 millions to purchase an area on land located near suburban Toronto in the area of The Bridle Path. Then he built an 50,000-square-foot mansion on the property’s two acres. The property has an enormous 10-car garage, a regulation-size NBA basketball court and gym, an awards room and more. The master bedroom 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 in a deal that was not market-based? “Mid $70 million” according to the source who spoke to The LA Times.
The owner also has a condominium in the city center of Toronto.
In all, Drake owns at least $100 million worth of real property assets.
Private Jet
In May 2019, Drake uploaded a post on Instagram which showed his recently acquired Boeing 767 personal jet that Drake has named (and and painted) “Air Drake”. In the clip, Drake feels proud and elated to have the plane for unrestricted and clear, claiming that it’s his for the taking with “no rental or timeshare, and there are no other co-owners.” Similar to the model, a high-end private jet could be around $75-100 million.
Drake’s Net Worth Milestones
The first time we added Drake on to Celebrity Net Worth in November 2009, with an initial estimated net worth of one million dollars. Drake was signed to the Lil Wayne’s Young Money just a few months prior. In 2012, his net worth had topped $25 million. By 2014 , his net worth was $45 million. By the end of 2016, he was at 80 million, for the very first time. With his astonishing nearly $100 million in earnings in 2017 year, he was able to surpass $100 million by the beginning of 2018. In May 2019 , his net worth surpassed $150 million the very first time in history.
Business Ventures
Over the years, Drake has supported a variety of major brands, most notably Sprite, Burger King, Whataburger, Nike and Apple. At the time that Apple Music launched, Drake signed a $19 million exclusive agreement. The agreement permitted Apple to serve as the sole initial home for all future solo music.
In 2012, Drake created OVO Sound, his own label. OVO Sound, which is managed via Warner Bros. Records. Alongside Drake OVO Sound, today OVO Sound reps music for artists like PartyNextDoor, Majid Jordan, Kash Doll and other producers like Boi-1da Future the Prince Mike Zombie and more.
The player is known as known as the “global representative” for Toronto Raptors. Toronto Raptors and hosts an annual Drake Night with the team.
In the year 2016 Drake introduced the brand of his own whiskey based on bourbon named Virginia Black. It sold out of 4,000 bottles of the whiskey in the first week of its debut. In the following year, the company shipped 3000 units.
Tours
The first tour Drake headlined was his 2010’s “Away from Home Tour”. He has been on five additional headlining tours until the end of the year 2019. He also co-hosted four tours, including his 2018 tour with rapper group Migos.
The 2015 “Summer Sixteen Tour” was the most lucrative hip-hop tour until that point, with a total of $84.3 million from 54 shows. This is an average in the range of $1.56 million per show. The Migos co-headlining tour set the record in 2018 with a profit of $80 million over 43 shows. This is an average of $1.86 million for each concert.
Every summer, Drake puts on a concert in Toronto named “OVO Fest” which is sold out immediately.
Drake has an ongoing show for 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 event.
Your Life
Drake is known for a string of relationships that have been high-profile throughout his career. He was a lover of Rihanna from time to time between 2009 in 2016. He later described Rihana to be ” the woman I’ve been in love from the age of 22.“
In October 2017, a French actor, model, and actress known as Sophie Brussaux gave birth to his son Adonis. Drake did not announce his fatherhood until the year 2018.
