Drake Net Worth (Money & Salary)

Drake Net Worth (Money & Salary)

Aubrey Drake Graham is an actor, producer, and rapper originated from Canada, with total worth of $250 million. Aubrey Drake Graham remains one of the most highly compensated performers worldwide. Starting off as an actor, Aubrey Drake Graham got his first taste of fame on the famous Canadian TV series “Degrassi: The Next Generation.” However, it was through music that he became a global sensation, consistently producing hit tracks since 2006. His debut album, “Thank Me Later,” topped the hip-hop charts in 2010, marking the beginning of his steady rise in the industry. With continuous touring, appearances on numerous music shows and award events, and a focus on expanding his fan base, Aubrey Drake Graham’s success has been unstoppable.

Since his initial breakthrough, Aubrey Drake Graham has amassed over $430 million throughout his career, before deductions for taxes and expenses.

From June 2017 to June 2018, Aubrey Drake Graham earned $45 million. In 2017 alone, his total income was $95 million. Between June 2018 and June 2019, his earnings stood at $75 million, followed by $50 million in the subsequent 12 months. Continue reading for a detailed breakdown of Aubrey Drake Graham’s yearly earnings.

Arrangement with Universal Music Group

During Universal Music Group’s Q1 financial conference in May 2022, they announced a new long-term global partnership with Aubrey Drake Graham. The agreement encompassed various aspects like music recording, publishing, films, television, and branding. In his lyrics, Aubrey Drake Graham hinted at this collaboration, mentioning contracting a deal that came with an “initial 360.” Following Universal’s confirmation, some inferred that the deal might have involved an upfront payment of $360 million. Other estimates suggest the total value of the deal exceeding $400 million. Prior to signing, Aubrey Drake Graham’s music portfolio alone was generating an annual revenue of $50 million for the corporation.

If, indeed, the deal amounted to $400 million, then Aubrey Drake Graham would have theoretically received $200 million upfront after taxes.

Early Days

Aubrey Drake Graham was born on October 24, 1986 in Toronto, Canada. His father, Dennis, worked as a percussionist, collaborating with artists such as Jerry Lee Lewis during his career. Aubrey Drake Graham’s mother, Sandra, who also goes by Sandi, worked as an English instructor and florist. Raised in Toronto, Aubrey attended a Jewish school and had a formal Bar Mitzvah ceremony.

After his parents’ separation when Aubrey was five, his father relocated to Memphis, where he faced legal issues due to drug charges. Aubrey remained with his mother in Toronto, occasionally visiting his father in Memphis when possible. Although living in an affluent neighborhood called Forest Hill, finances were tight for him and his mother.

While attending Forest Hill Collegiate Institute, Aubrey Drake Graham discovered his passion for acting and singing. Despite facing discrimination for his mixed racial and religious background while studying at Vaughan Road Academy, he eventually completed his education in 2012, after experiencing a period of dropping out.

Transition to Degrassi

At the age of 15, Aubrey Drake Graham landed a role on the enduring Canadian teen drama series “Degrassi: The Next Generation” with the help of a friend’s father, who worked as an acting agent. Portraying Jimmy Brooks, a basketball prodigy turned handicapped following a shooting incident, Aubrey starred on the show for several seasons. During this period, his mother faced health challenges, making Aubrey’s “Degrassi” earnings their primary income source for years. At that time, he was earning an annual salary of $50,000 from the series, amounting to roughly $2000 per month post deductions. Reflecting on this time, he once stated:

“My mother was battling an illness, and we were in dire financial straits. I was solely dependent on earnings from Canadian television.“

Musical Journey

Drawn to rap legends like Jay-Z, who secured record deals after establishing themselves as independent artists, Aubrey – adopting the moniker “Drake” – commenced releasing mixtapes in 2006.

In February 2005, he unveiled his debut mixtape, “Room for Improvement,” on his website and MySpace page, selling over 6,000 copies independently. The following year, he dropped his second mixtape, “Comeback Season,” through his newly launched label, October’s Very Own (also known as OVO Records). The mixtape featured a breakout single called “Replacement Girl,” with its music video becoming the first from an unsigned Canadian rapper to air on BET. Collaborating with Houston producer Jas Prince, the single caught the attention of Lil Wayne, leading to Aubrey joining Lil Wayne’s Tha Carter III tour. During the tour, they collaborated on tracks like “Brand New,” “Forever,” and “Ransom.”

Association with Young Money Entertainment

Contrary to popular belief, Aubrey Drake Graham was not yet signed by Lil Wayne’s label at this juncture. He released a third mixtape, “So Far Gone,” in 2009, offering it as a free download on the OVO website. Featuring guest appearances from the likes of Lil Wayne, Lloyd, Trey Songz, Omarion, and Bun B, the mixtape reached 2,000 downloads in its initial hour and eventually garnered a Gold certification from the RIAA. Climbing to #2 on the Billboard Hot 100, the mixtape transitioned into an EP debuting at #6 on the Billboard 200 and clinching the 2010 Juno Award for Rap Recording of the Year.

Despite remaining independent, Aubrey Drake Graham had emerged as a sought-after talent within the industry. A fierce bidding war ensued, with various labels competing to sign him.him. The urgency has been labeled as “the largest bidding war in the history of music,” although this has not been officially confirmed.

On June 29, 2009, Drake inked a deal with Lil Wayne’s Young Money Entertainment. The pact was actually a collaboration between Young Money and its parent company, Cash Money, with Universal Music handling distribution.

Mainstream Triumph

Drake’s inaugural studio album, “Thank Me Later”, saw daylight on June 15, 2010. The record scored the top spot in Canada and the US. In the US, it secured the #1 position on the Billboard 100, R&B/Hip Hop, and US Rap charts. Ultimately, it achieved Platinum status accredited by the RIAA.

His succeeding studio album, “Take Care” from 2011, also reached #1 in numerous nations on multiple charts, ultimately achieving a sixfold Platinum status.

Each subsequent album since has reached at least a quadruple Platinum certification.

Drake stands out as one of the most successful and influential entities in hip-hop and the music sector overall. He has collaborated with numerous key figures in the music industry such as Kanye West, Eminem, Jay-Z, and Travis Scott. Drake has garnered nominations for a myriad of awards. At the present time, he has clinched more than 180 significant accolades, including four Grammys from a collection of over 40 nominations.

Drake rakes in an estimated $1 million per live concert.

Singles Vendored

Drake has retailed more digital singles than any other artist in recorded history. At the present moment, he has sold over 163 million digital singles. This outranks the second place, Rihanna, by 40 million. In regards to album sales, he ranks as the 80th highest-selling musician of all time with an estimated 26 million album units sold. This positioning makes him the third best-selling Canadian musician of all time after Shania Twain (48 million) and Celine Dion (50 million).

Drake’s Annual Earnings

• 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 born in Canada, Drake established his primary residence in Hidden Hills, California, in 2012 when he purchased a grand estate from the former owner of Los Angeles’ Saddle Ranch Bar for $7.7 million in cash. Dubbed the YOLO Estate, the property comprises multiple dwellings, including a 12,000-square-foot main residence and a 2,000-square-foot entertaining facility. The estate boasts equestrian accommodations, a movie theater for 25 people, a full-scale basketball court, a sand volleyball court, and one of the largest privately owned pools in Southern California. His lagoon-esquepool, encircling the outer perimeter of the residence, showcases multiple cascades, a poolside bar, an 80-foot water chute, and a grotto reminiscent of the Playboy mansion.

During an interview with Rolling Stone, Drake shared that he had been eyeing this mansion for quite some time after searching “wildest residential swimming pools” on Google and stumbling upon it as one of the top results. To keep himself driven, he set an image of the pool as the wallpaper on his computer for years. Originally put on the market in 2009 for $27 million, the previous owner encountered financial difficulties by 2012, leading Drake to seize the opportunity and acquire it for $7.7 million.

In 2015, he expanded his land holdings by purchasing the adjacent 1.6-acre property for $2.8 million. Continuing his expansion in 2018, he invested $4.5 million to secure yet another neighboring house. Presently, his private enclave spans 6.7 acres of connected land at the end of a cul-de-sac, amounting to $15 million solely in real estate procurement costs.

Drake put the YOLO Estate on the market for $22.7 million in March 2022. Prospective buyers also had the choice to acquire the main mansion for $14.8 million.

In April 2022, NFL athlete Matthew Stafford paid $11 million (a $3.6 million premium) for two of the three estates that were previously part of the YOLO Estate. These acquisitions by Matthew did not include the primary “YOLO” mansion. Subsequently, in July 2022, another buyer purchased the third parcel for $12 million.

Witness a video showcasing the complete 3-estate property:

Toronto Mansion

In 2016, Drake allocated $6.7 million for a plot of land in suburban Toronto within The Bridle Path locality. He proceeded to erect a 50,000-square-foot mansion on the two-acre terrain, featuring a 10-car garage, NBA-standard basketball court, workout area, accolades room, and more. The master bedroom alone spans 3,200 square feet.

Additionally, he possesses a condominium in downtown Toronto.

$90 Million Beverly Hills Mansion

On March 8, 2022, reports emerged that Drake had finalized a deal to purchase British vocalist Robbie Williams’ 20-acre Beverly Hills estate. The transaction amount Drake paid in a private deal? $75 million. Before Robbie Williams took ownership, the property belonged to Armand Marciano, co-founder of Guess? clothing brand. Drake acquired the residence through a corporate entity named 11Kip, LLC, securing a $52.5 million loan with Bank of America, indicating a cash deposit of $22.5 million, precisely 30%.

In May 2023, slightly over a year post obtaining the Beverly Hills abode for $75 million, Drake listed the property for sale at $88 million. He relisted it in May 2024 at the same price. Delve into a video tour of Drake’s Beverly Hills mansion:

300+ Acre Texas Estate

In October 2023, Drake disbursed $15 million for a 313-acre ex-resort named The Inn at Dos Brisas, now christened Dos Brisas Ranch. In the early 2000s, the property functioned as a private refuge for a wealthy family. Later, the family converted it into a resort in 2004, which garnered notable acclaim during its prime.

Just like many hospitality establishments, The Inn encountered severe setbacks due to COVID and permanently ceased operations in 2022. On the market since April 2022 for $17.5 million, the price was slashed to $15 million in May 2023. Drake secured the property in October 2023 for an undisclosed sum exceeding $10 million. Explore a video tour:

Air Drake Private Jet

In May 2019, Drake unveiled a video on Instagram revealing his newly-purchased Boeing 767 private jet, nicknamed (and painted as) “Air Drake.” Per the video, Drake takes pride in owning the jet outright, asserting that it solely belongs to him with “no rental, no timeshare, no co-owners.” A comparable model and quality private jet could fetch between $75 and $100 million.

Drake’s Net Worth Milestones

We first introduced Drake to Celebrity Net Worth in November

Back in 2009, starting his journey with an estimated net worth of $1 million, he had just recently joined Lil Wayne’s Young Money. Fast forward to 2012, and his net worth had soared to $25 million. By 2014, it surged to $45 million. As we reached the end of 2016, it reached an impressive $80 million milestone. The incredible earnings of nearly $100 million in 2017 easily pushed him past the $100 million mark by early 2018. Finally, in May 2019, his net worth broke the $150 million barrier for the first time.

Business Pursuits

Throughout the years, Drake has been a prominent endorser for numerous major brands. Notably, he has been associated with brands such as Sprite, Burger King, Whataburger, Nike, and Apple. Following the launch of Apple Music, Drake inked a lucrative $19 million exclusivity agreement. This exclusive deal meant that Apple would be the initial and sole platform for all of Drake’s future individual releases.

Establishing his record label, OVO Sound, in 2012, Drake ensured that it was distributed by Warner Bros. Records. Presently, OVO Sound represents talents like PartyNextDoor, Majid Jordan, and artists such as Kash Doll, alongside producers such as Boi-1da, Future the Prince, Mike Zombie, and others.

He serves as the “global ambassador” for the Toronto Raptors and annually hosts a Drake Night with the team.

In 2016, the launch of Drake’s whiskey brand, Virginia Black, made a significant impact. The company managed to sell 4,000 bottles within the first week of its introduction. Not long after, the company shipped an additional 30,000 units to meet the demand.

Live Performances

Drake initiated his first headline tour, dubbed the “Away From Home Tour,” back in 2010. Subsequently, he embarked on five more headline tours leading up to 2019. Additionally, he participated in four co-headlining tours, including a joint tour with the rap ensemble Migos in 2018.

The “Summer Sixteen Tour” of 2016 that Drake headlined stands out as the highest-grossing hip-hop tour at that time, raking in $84.3 million from 54 shows, averaging $1.56 million per performance. Surpassing this record, his 2018 co-headlining tour with Migos generated $80 million through 43 dates, averaging $1.86 million per concert.

Annually, he organizes a sold-out festival in Toronto named “OVO Fest” during the summer.

Drake maintains a recurring presence at the XS Nightclub in Las Vegas, commanding up to $500,000 for a single appearance. For more structured concerts, he can now fetch over $2 million.

Personal Relationships

Throughout the years, Drake has been linked to several high-profile romantic involvements. His on-and-off relationship with Rihanna spanned from 2009 to 2016. Later on, he would openly declare Rihanna 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 their son Adonis. Drake only acknowledged his fatherhood in 2018.

Stats are from 2020, 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2036, 2037, 2038, 2039, 2040, 2041, 2042, 2043, 2044, 2045, 2046, 2047, 2048, 2049, 2050.