Drake Net Worth: A True Rags To Riches Story

Drake started his career as an actor, but it was music that made him a household name worldwide. His long and varied career of more than 20 years has earned him an impressive net worth.

Drake's net worth for 2024 is estimated at around $250 million .

Drake's net worth is difficult to track as he holds a very diversified asset portfolio and investments in many businesses. Celebrity Net Worth estimates his net worth to be around $250 million in 2024, but a few reports put his net worth over $500 million .

Drake continues to add millions to his net worth every year through his music earnings, business ventures, real estate holdings and endorsements. He started his career when he was just 15 by appearing on a television show, Degrassi, earning $50,000 per year in salary from the show.

Drake's net worth was estimated to be $1 million in 2009; by 2012, it had grown to $25 million. The rapper's net worth topped $100 million in early 2018 and $150 million in May 2019.

A significant part of his net worth stems from his contract with Universal Music Group. Several sources estimate the deal to be worth $400 million or more .

Concerts are also a notable part of his earnings. His 2016“Summer Sixteen Tour” was the highest-grossing hip-hop tour ever, grossing $84.3 million or $1.56 million per concert. In 2018, he broke his own record with a Migos co-headlining tour, which grossed $80 million or about $1.86 million per concert.

Drake has also earned heavily from brand deals, including a $10 million contract with Nike in 2013 and a reported $19 million contract with Apple Music.

Aubrey Drake Graham was born in Toronto, Canada on October 24, 1986. His father, Dennis, from Memphis, worked as a drummer and has played with several popular musicians, including Jerry Lee Lewis. His mother, Sandra, was an English teacher and florist. Drake has dual citizenship in the United States and Canada.

During his childhood, Drake attended a Jewish day school. His parents divorced when he was five years old. After the divorce, Drake remained with his mother in Toronto, while his father returned to Memphis. Drake visited his father every summer, but later, his father was incarcerated on drug-related charges .

Drake attended Forest Hill Collegiate Institute, where he felt attracted to arts, including acting. Later, he attended Vaughan Road Academy, where he was often bullied for his racial and religious background.

Drake dropped out of school as he believed his busy class schedule was hindering his acting career, but eventually graduated in October 2012.

Drake dated fellow pop star Rhianna on and off between 2009 and 2016. In 2017, a French model named Sophie Brussaux gave birth to his son Adonis.

Drake's career started when he was 15 after his childhood friend's father helped him get a role in a Canadian teen drama television show, Degrassi: The Next Generation. He became a cast member for seasons 1 through 7. At the time, Drake's paychecks were the sole source of income for the household, as his mother became ill while he was appearing on the show.

Drake's music career started in 2006, when he self-released his debut mixtape, Room for Improvement, after becoming inspired by Jay Z and Clipse. In 2007, Drake released his second mixtape, Comeback Season, through his own label, October's Very Own (aka OVO Records).

Rap-A-Lot Records founder Jas Prince recommended the song to Lil Wayne, who then invited Drake to join his Tha Carter III tour. During the tour, Drake and Wayne recorded several songs, including Brand New, Forever, and Ransom.

In 2009, Drake released his third mixtape, So Far Gone, featuring appearances from Lil Wayne, Lloyd, Trey Songz, Omarion, and Bun B. It won the 2010 Juno Award for Rap Recording of the Year. At the time, many music labels wanted to sign Drake, but he signed a contract with Lil Wayne's Young Money Entertainment.

In June 2010, Drake released his debut studio album, Thank Me Later. It soon became #1 in Canada and the U.S. and was eventually certified Platinum by the RIAA. His second studio album in 2011, Take Care, was also #1 in several countries and was certified 6-times Platinum.

Every Drake's album since has been at least 4-times Platinum . He has won over 180 major awards, including four Grammys, and worked with numerous music industry stars, including Kanye West, Eminem, Jay-Z and Travis Scott.

Drake has sold more than 163 million digital singles, the most by any artist to date . He ranks 80th when it comes to albums with an estimated 26 million sold, making him the third best-selling Canadian musician, behind only Shania Twain (48 million) and Celine Dion (50 million).

• In 2012, Drake bought a palatial mansion in Hidden Hills, California, for $7.7 million. Nicknamed the YOLO Estate, the property features a lagoon-like pool looping around the house's exterior. In 2015, he bought a neighboring 1.6-acre estate for $2.8 million, and in 2018, he extended the property again, spending $4.5 million on another neighboring estate. Drake spent $15 million in acquisition costs for 6.7 acres of property.
• Drake listed the property for sale in March 2022. In April, NFL star Matthew Stafford paid $11 million for two of the three estates, excluding the primary“YOLO” mansion. Another buyer paid $12 million for the third estate in July 2022.
• In 2016, Drake acquired land in suburban Toronto's The Bridle Path area for $6.7 million, on which he built a 50,000-square-foot mansion. He also owns a condo in downtown Toronto.
• In 2022, Drake bought British singer Robbie Williams' 20-acre Beverly Hills mansion in a deal reportedly worth $75 million. Before Williams, the home belonged to Guess? clothing brand co-founder Armand Marciano. In 2024, Drake listed the property for sale for $88 million .
• In 2023, Drake acquired a 313-acre property in Texas for $15 million. This property was formerly a resort called The Inn at Dos Brisas but has now been named Dos Brisas Ranch.

In addition to real estate, Drake owns a Boeing 767 private jet , dubbed (and painted)“Air Drake.” The jet is estimated to be worth $75 – $100 million.

The rapper also has an enviable car collection, and adds new cars to his garage almost every year. His collection includes a 2016 Ferrari LaFerrari ($2.5 million – $3 million), a 2010 Bugatti Veyron – Sang Noir Edition ($2 million – $2.5 million), a 2018 Devel Sixteen ($1.5 million – $2 million), and many more.

Additionally, Drake has an impressive collection of luxurious watches (Rolex, Patek Philippe, Richard Mill and more) and jewelry worth millions. He not only spends on luxurious items, but has also given away millions in donations as well.

• In 2022, Drake founded his own record label , OVO Sound, which is distributed by Warner Bros. In addition to Drake, OVO Sound represents several popular artists, including Majid Jordan, PartyNextDoor and Kash Doll.
• In 2022, Canadian lifestyle brand BAPE collaborated with Drake to create the OVO x BAPE line of collections.
• Drake also collaborated with Mike Tyson in 2022 to launch special edition silhouette branded jerseys through his OVO brand.
• Also in 2022, Drake signed a $100 million annual contract with a popular underground crypto gambling site, Stake.
• The rapper acquired an ownership stake in 100 Thieves, a gaming and media organization in 2018.
• In 2017, Drake co-founded DreamCrew, a production company, with Adel Future Nur.
• In 2016, Drake launched his own bourbon-based whiskey brand, Virginia Black. The brand sold more than 30,000 units in its first year.
• Drake has been the“global ambassador” of the Toronto Raptors and has hosted an annual Drake Night with the team since 2013.

Drake is undoubtedly one of the music industry's most successful and powerful forces. His story to success is a rags-to-riches one, inspiring us to see what work, talent, and courage can do. Drake's net worth is proof of that.

Another lesson that his story teaches us is to diversify our assets. Though most of his net worth comprises his music earnings, he has made a fortune through smart business ventures and investments.

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