Drake Net Worth: From Music Icon to Multifaceted Tycoon

       +Drake, a Canadian rapper, has the number one song on Billboard's Hot 100 list right now. He is tied with Michael Jackson for the most number-one singles by a male solo act.
       +Celebrity Net Worth says that Drake is worth $250 million.
       +Drake's wealth also comes from running his own record label and liquor brand, as well as from rich endorsement deals with big brands like Nike.

Drake’s song is currently at the top of Billboard’s Hot 100 chart. He is tied with Michael Jackson for the most number-one singles by a male solo act. Drake & J. Cole’s ‘First Person Shooter’ Debuts Atop Billboard Hot 100, Tying Drake With Michael Jackson for Record.

The Canadian rapper and singer’s 13th number-one song is “First Person Shooter.” As of Oct. 6, Drake’s new record For All The Dogs has been number one on the Billboard 200 albums chart. This song is from that album.

Drake has built up his wealth through business projects like his own record label and liquor brand, as well as lucrative endorsement deals with big brands like Nike. His successful albums and concert tours have earned him a lot of money.

Celebrity Net Worth says that Drake is worth $250 million.

Drake Net Worth Milestones

Drake Net Worth Milestones

Drake’s net worth was first added to Celebrity Net Worth in November 2009, with a value of $1 million. A few months before, he signed with Lil Wayne’s Young Money. He was worth more than $25 million by 2012. Further, he made more than $45 million by 2014. He made more than $80 million for the first time by the end of 2016. Because he made so close to $100 million in 2017, he easily made more than $100 million by early 2018. In May 2019 his net worth broke $150 million for the first time.

This is how Drake made his money.

Drake Net Worth From the Music Industry

Drake became a famous rapper and made a lot of money from it.

According to an estimate by Variety, Drake makes about $50 million a year from his songs. Drake’s album Views, which came out in 2016, was number one on the Billboard 200 records chart for 100 weeks in a row.

 Spotify’s 2022 Wrapped list says that Drake was the most streamed artist in the U.S., beating out Taylor Swift, and the third most streamed artist in the world.

Music Industry

Drake was the first artist to get more than 50 billion streams on the cloud service in 2021. Drake signed with Universal Music Group that same year. It sounds like the rapper thinks the deal is worth around $400 million in his song “Lemon Pepper Freestyle.”

Drake also makes a lot of money from his shows. Touring Data says that Drake made $5 million in two nights of shows at Washington, D.C.’s Capital One Arena in July 2023. It was his most successful performance ever and the first time a rapper made more than $5 million in a single arena show.

 Celebrity Net Worth says that Drake’s 2016 Summer Sixteen tour made him about $84 million, with about $1.5 million coming in at each stop.

Drake Net Worth From Business

Drake also has a string of great businesses and brands that work with him. The rapper runs his record label called OVO Sound. It works with acts like PARTYNEXTDOOR and Majid Jordan. Drake also has his own line of clothing called OVO. According to Variety, the line made $50 million in sales at the end of 2018.

Drake Net Worth From Business

Drake has worked with Nike for more than ten years and has made several Air Jordan shoes with the company. Born in Toronto, he has been the world ambassador for the NBA’s Toronto Raptors since 2013. Drake also makes his own whiskey called Virginia Black.

The famous rapper owns a private jet and Toronto homes worth a lot of money. He has also bought and sold Los Angeles houses worth a lot of money.

Drake Net Worth From the Film Industry

Before he became a rapper, Drake was famous for playing Jimmy Brooks on the Canadian teen drama Degrassi: The Next Generation in the early 2000s.

Drake got the part on Degrassi when he was 14 years old. At that time, people knew him by his real name, Aubrey Graham. A 2013 story in GQ said that Drake made $40,000 a year from the show and was in seven seasons of it.

From Business Ventures

Drake has worked with a lot of big names over the years, like Sprite, Apple, Burger King, Whataburger, and Sprite. Drake signed a $19 million deal to be the only artist on Apple Music when it first came out. Because of this deal, Apple would be the only place where Drake’s future solo albums could be bought at first.

Drake started his own record company, OVO Sound, in 2012. Warner Bros. Records gets the music to stores. Today, OVO Sound also works with artists and producers besides Drake. They represent songs from PartyNextDoor, Majid Jordan, Kash Doll, and more.

He’s the “global ambassador” for the Toronto Raptors and hosts a Drake Night with the team every year.

Drake released his own line of bourbon-based whiskey in 2016 called Virginia Black. In the first week, 4,000 bottles were sold by the company. Later that same year, the business sent out an extra 30,000 pieces.

Drake Net Worth

Read Full Biography Of Drake Here.

Drake Net Worth(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

Read Also | Kevin Hart’s Net Worth

Summarizing It Up

From his early years as an actor on Degrassi: The Next Generation to his current status as a global music icon, Drake’s journey has been marked by consistent financial growth. His net worth, reaching an impressive $503 million by 2022, is a testament to his multifaceted career.

Beyond his chart-topping albums and record-breaking singles, Drake’s business ventures have significantly contributed to his wealth. His record label, OVO Sound, his clothing line, OVO, and his collaboration with major brands like Nike showcase his diverse entrepreneurial skills. The rapper’s foray into the film industry, his ownership of a whiskey brand, and strategic partnerships with companies like Apple Music further highlight his versatility and business acumen.

The financial milestones throughout the years, from a modest $10 million in 2010 to a staggering $503 million in 2022, underscore Drake’s sustained success and growing influence in the entertainment and business worlds. His impact extends beyond music, as he remains a cultural icon, a global ambassador for the Toronto Raptors, and a force to be reckoned with in various industries.