Drake Net Worth (Money & Salary)
Title: Drake Net Worth (Money & Salary)
Last Updated: January 20, 2025
What is Drake’s Net Worth?
A Canadian-born actor, producer, and rapper, Drake boasts a net worth of $250 million. He consistently ranks among the world’s highest-paid entertainers. Starting his career as an actor on the popular Canadian series, “Degrassi: The Next Generation,” it was ultimately music that catapulted him to global fame. Since 2006, Drake has been writing and recording one successful track after another. His debut studio album, “Thank Me Later,” debuted at #1 on the hip-hop charts in 2010, marking the beginning of his unstoppable journey. His relentless touring, appearances on various music programs and awards shows, and dedication to expanding his fan base have been crucial to his success.
Since achieving mainstream recognition, Drake has amassed over $430 million throughout his career, excluding taxes and lifestyle expenses.
In the span of June 2017 to June 2018, Drake earned $45 million. 2017 saw him bringing in a total of $95 million. Over the following year, from June 2018 to June 2019, he garnered $75 million, and in the subsequent 12 months, he made $50 million. For detailed year-by-year figures of Drake’s earnings, scroll down.
Universal Music Group Contract
During its Q1 earnings call in May 2022, Universal Music Group announced the renewal of Drake’s “long-term worldwide partnership.” This comprehensive deal encompasses everything from “recorded music to music publishing, film, television, and brands.” Drake has referenced this arrangement in some of his lyrics. In one track, he mentioned signing a deal that involved “360 up front.” Following Universal’s disclosure, many interpreted this line to suggest he received $360 million upfront. Other estimates have put the deal’s value at $400 million or more. In the years leading up to this agreement, Drake’s music catalog was reportedly generating $50 million annually for the company.
Assuming the deal was indeed valued at $400 million, Drake would have theoretically received $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 notable musicians such as Jerry Lee Lewis throughout his career. Drake’s mother, Sandra, known as Sandi, worked as an English teacher and florist. He attended a Jewish day school and celebrated his Bar Mitzvah.
When Aubrey was five, his parents divorced. His father moved to Memphis, ultimately facing arrest and incarceration on drug-related charges for several years. Aubrey remained in Toronto with his mother but spent summers in Memphis with his father when he wasn’t in prison. Drake would later characterize Dennis as absent during his upbringing, a claim his father has strongly denied, arguing that it has been exaggerated for the sake of record sales.
Drake and his mother lived in the lower half of a two-story townhome in the affluent suburb of Forest Hill from sixth grade onward. While living on the street-level floor, Drake resided in the basement. Financial struggles were common, and they weren’t wealthy by any means.
While he was enrolled at Forest Hill Collegiate Institute, Drake discovered his passion for acting and singing. He later transferred to Vaughan Road Academy, where he faced bullying due to his biracial and religious background. Although he dropped out for a time, he eventually graduated in 2012.
Degrassi
At the age of 15, a friend’s father, who was an acting agent, helped Drake secure a role on the long-running Canadian teen drama “Degrassi: The Next Generation.” In the series, he portrayed Jimmy Brooks, a basketball star who…disabled after being shot by a classmate. He was part of the cast for seasons 1 through 7 and made guest appearances in 2008.
During his time on Degrassi, his mother fell ill and was unable to work. For several years, the paychecks he received from Degrassi served as their sole income. At that time, he earned a salary of $50,000 annually from the show, translating to approximately $2000 each month after taxes. He later recounted this period 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.“
Music Career
As his debut mixtape, “Room for Improvement,” was released in February 2005 via his website and MySpace page, he was able to sell over 6,000 copies directly. The following year, he launched his second mixtape, “Comeback Season,” through his newly established label, October’s Very Own (or OVO Records). This mixtape included a hit underground single titled “Replacement Girl,” which became notable as the first music video from an unsigned Canadian rapper to be featured on BET. One version of the track incorporated a sampled segment from “Man of the Year” by Brisco, Flo Rida, and Lil Wayne.
Jas Prince, who founded Rap-A-Lot Records and was based in Houston, came across the single and shared it with Lil Wayne. Impressed by the track, Lil Wayne reached out to Drake, inviting him to Houston to join his Tha Carter III tour. Throughout the tour, Drake and Wayne collaborated on a number of tracks, including “Brand New,” “Forever,” and “Ransom.”
Young Money Entertainment
Contrary to what one might think, Drake had not aligned himself with Wayne’s record label up to that time. In 2009, he dropped his third mixtape, “So Far Gone,” which was available for free download on his OVO website. This mixtape featured collaborations with Lil Wayne, Lloyd, Trey Songz, Omarion, and Bun B. After 2000 downloads within the first hour, it ultimately received Gold certification from the RIAA, reaching #2 on the Billboard Hot 100 and later being released as an EP. This EP debuted at #6 on the Billboard 200 and won the Juno Award for Rap Recording of the Year in 2010.
Remaining an independent artist, Drake became highly sought after in the music realm. A bidding war ensued, with various record labels eager to sign him. This desperation has been referred to as “the biggest bidding war in music history,” although this claim is not officially validated.
On June 29, 2009, Drake entered into a contract with Lil Wayne’s Young Money Entertainment. The record deal represented a joint venture between Young Money and its parent company, Cash Money, with distribution managed by Universal Music.
(Photo by Frazer Harrison/Getty Images)
Mainstream Success
Drake’s debut studio album, “Thank Me Later,” was
Released on June 15, 2010, the album reached #1 in both Canada and the US. In the US, it topped the Billboard 100, R&B/Hip Hop, and US Rap charts at #1. Ultimately, it received a Platinum certification from the RIAA.
His second studio album, “Take Care,” which came out in 2011, also achieved #1 status in multiple countries across various charts and eventually went 6-times Platinum.
Since then, every album has been certified at least 4-times Platinum.
Drake stands as one of the most influential and successful figures in hip-hop and the broader music industry. He has collaborated with numerous notable artists, such as Kanye West, Eminem, Jay-Z, and Travis Scott. Throughout his career, he has received countless award nominations, and as of this date, he has secured more than 180 major awards, including four Grammys from over 40 nominations.
Drake’s concert earnings average around $1 million per performance.
Singles Sold
Drake has sold more digital singles than any other artist ever. Currently, more than 163 million digital singles have been sold by him, which is 40 million more than his closest competitor, Rihanna. Regarding album sales, he ranks as the 80th highest selling musician of all time, with an estimated 26 million albums sold, making him 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
(Photo by Christopher Polk/Getty Images)
YOLO Estate
Although born in Canada, Drake began to consider Hidden Hills, California, his home in 2012 when he purchased a lavish mansion for $7.7 million in cash from the former owner of Saddle Ranch Bar in Los Angeles. Dubbed the YOLO Estate, this property boasts multiple residences, featuring a main house that spans 12,000 square feet and a party house covering 2,000 square feet. The estate includes equestrian stables, a 25-person movie theater, a full-sized basketball court, a sand volleyball court, and one of Southern California’s largest privately-owned swimming pools. His lagoon-style pool, winding around the house’s exterior, is equipped with several waterfalls, a swim-up bar, an 80-foot water slide, and a grotto reminiscent of the Playboy mansion.
In an interview with Rolling Stone, Drake revealed that he had been eyeing this mansion for years. He discovered it after searching for “craziest residential swimming pools” online and was motivated to keep a picture of the pool as his computer’s background for years. Initially, the previous owner listed the house for $27 million in 2009. However, by 2012, facing financial difficulties, the homeowner agreed to sell it to Drake for $7.7 million.
In 2015, he expanded his property by acquiring the adjacent 1.6-acre estate for $2.8 million. In 2018, he further enhanced the property…
He spent $4.5 million on yet another neighboring property, bringing his private estate to 6.7 acres of contiguous land located at the end of a cul-de-sac, with real estate acquisition costs totaling $15 million.
In March 2022, Drake put the YOLO Estate on the market for $22.7 million, offering a potential buyer the option to purchase the primary mansion separately for $14.8 million.
In April 2022, NFL star Matthew Stafford acquired two of the three estates that made up the former YOLO Estate for $11 million—$3.6 million over the asking price. However, Matthew’s acquisitions did not include the main “YOLO” mansion. By July 2022, another buyer had purchased the third parcel for $12 million.
Here is a video showcasing the entire 3-estate property:
Toronto Mansion
In 2016, Drake invested $6.7 million in a plot of land in Toronto’s suburban area known as The Bridle Path, where he constructed a 50,000-square-foot mansion on a two-acre site. This residence includes a 10-car garage, a regulation-size NBA basketball court, a gym, an awards room, and much more, with the master bedroom measuring a generous 3,200 square feet.
Additionally, he owns a condo situated in downtown Toronto.
$90 Million Beverly Hills Mansion
It was reported on March 8, 2022, that Drake had finalized a deal to purchase a 20-acre mansion in Beverly Hills previously owned by British singer Robbie Williams for $75 million in an off-market agreement. Before Robbie, the estate belonged to Guess? co-founder Armand Marciano. Drake arranged the purchase via a corporate entity named 11Kip, LLC, financing it with a $52.5 million mortgage from Bank of America, resulting in a cash down payment of $22.5 million—equating to exactly 30%.
Just over a year after his $75 million acquisition, Drake listed the Beverly Hills property for $88 million in May 2023. In May 2024, he re-listed it at the same price. Here’s a video tour of Drake’s stunning Beverly Hills mansion:
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. The estate was once a private compound for a wealthy family before being transformed into a resort in 2004. At its height, The Inn at Dos Brisas enjoyed considerable popularity, earning numerous high-profile accolades.
Similar to many hospitality ventures, The Inn faced significant challenges due to COVID, leading to its permanent closure in 2022. Initially hitting the market in April 2022 for $17.5 million, the price was reduced to $15 million by May 2023. In October 2023, Drake acquired the property for an undisclosed amount exceeding $10 million. Here is a video tour:
Air Drake Private Jet
Drake showcased his newly acquired Boeing 767 private jet, nicknamed (and painted) “Air Drake,” in a May 2019 Instagram video. He expressed pride in owning the jet outright, stating, “no rental, no timeshare, no co-owners.”
A private jet of similar model and quality would be valued at $75 – $100 million.
(Photo by Tom Szczerbowski/NBAE/Getty Images)
Milestones of Drake’s Net Worth
Drake was first added to Celebrity Net Worth in November 2009, with an estimated net worth of $1 million. This followed his signing with Lil Wayne’s Young Money a few months prior. By 2012, his net worth had exceeded $25 million. The figure climbed to over $45 million by 2014. Late 2016 saw him surpass $80 million for the first time. Following nearly $100 million in earnings in 2017, he easily crossed the $100 million mark by early 2018. In May 2019, he reached a net worth of over $150 million for the first time.
Entrepreneurial Ventures
Throughout the years, Drake has promoted several major brands, including Sprite, Burger King, Whataburger, Nike, and Apple. When Apple Music debuted, he signed a $19 million exclusivity deal that made Apple the sole initial platform for all of Drake’s upcoming solo releases.
In 2012, he established his record label, OVO Sound, which is produced in partnership with Warner Bros. Records. Besides Drake, OVO Sound currently represents artists like PartyNextDoor, Majid Jordan, and Kash Doll, along with producers such as Boi-1da, Future the Prince, Mike Zombie, and others.
As the “global ambassador” for the Toronto Raptors, he hosts an annual event known as Drake Night with the team.
In 2016, Drake introduced a bourbon-based whiskey brand called Virginia Black. The brand sold 4,000 bottles within its first week of launch, followed by an additional 30,000 units later that year.
Touring History
Drake’s inaugural headline tour was the 2010 “Away From Home Tour.” He continued with five other headlining tours up to 2019, alongside co-headlining four tours, including a 2018 collaboration with the rap group Migos.
His “Summer Sixteen Tour” in 2016 became the highest-grossing hip-hop tour in history at that time, generating $84.3 million through 54 shows, resulting in an average gross of $1.56 million per concert. The record was surpassed by his Migos co-headlining tour in 2018, which earned $80 million over 43 shows, averaging $1.86 million per concert.
Every summer, Drake hosts a festival called “OVO Fest” in Toronto that sells out quickly.
He also has a residency at the XS Nightclub in Las Vegas, where a single performance can earn him around $500,000, with formal concerts now yielding over $2 million.
Life Outside of Music
Over the years, Drake has engaged in several well-publicized relationships. His on-and-off romance with Rihanna lasted from 2009 to 2016, during which he later referred to her as “the woman I’ve been in love with since I was 22 years old.“
In October 2017, Sophie Brussaux, a French model/actress/artist, gave birth to his son Adonis, with Drake confirming his fatherhood in 2018.
Drake Net Worth (Money & Salary)
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The data referenced is from 2023 and 2024, with forecast data extending into 2025 and 2026. We further project this data into 2027 and 2028.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
Post Title: Drake Net Worth (Money & Salary)
Last Updated: January 20, 2025
