Drake’s net worth factors into his incredible musical successes, his earnings from concerts, and his entrepreneurial ventures. But how large is it exactly?
How rich is Drake? The Canadian-born rapper reached global fame in the last decade, with each of his albums selling millions of copies worldwide. Drake is also a successful entrepreneur and actor, which only adds to his already massive net worth. But how large is Drake’s net worth is?
Aubrey Drake Graham was born in Toronto, Canada, in 1986. He received a Jewish upbringing, and sadly his parents split up when he was just 5 years old. Drake’s father subsequently moved to Memphis and was always absent in his son’s life, something that would always come back in Drake’s music and art.
His mother, Sandi, was not rich and got very sick in the early 2000s. This meant that only Drake’s paycheck had to cover every expense. When looking back at that time, Drake remembers how money was very tight, with the only source of revenue being his appearances on Canadian TV. After taxes, Drake’s paycheck amounted to $2000 per month, barely enough to survive in a Canadian suburb.
Drake released his first mixtape at the age of 19, Room for Improvement . Despite a very limited promotional campaign (essentially he just posted it on his MySpace page), he managed to sell over 6,000 copies.
After a series of mixtapes produced independently, Drake finally signed his first contract with Lil Wayne’s label Young Money Entertainment. In 2010, Drake released his first album, Thank Me Later , which became an instant success. It hit number 1 in Canada and the US and was later certified platinum.
Drake’s successes and net worth
After the first album, Drake’s career was smooth sailing. Each album he released after his first one reached platinum at least four times. He’s estimated to have sold more singles than any other music artist in history, and he makes roughly $1 million per concert.
Drake was nominated for 51 Grammy Awards, winning 5. He also won more Billboard Awards than any other artist at 29 and was awarded the “Artist of the Decade” prize in 2021.
Between 2010 and 2020, his total earnings coming from the music business amounted to $430 million. Drake also founded his own record label, OVO Sound, and owns a brand of whiskey bourbon called Virginia Black.
He also has stakes in major brands like Sprite, Nike, and Apple. With the latter, Drake signed a $19 million deal for exclusive music releases.
Overall, Drake’s net worth is estimated at $250 million, but will surely keep growing as his career reaches new highs.
