Net Worth

Breaking Down Drake’s Net Worth, Record Sales, Business Ventures

Last updated on August 17, 2020 by

Drake net worth: $150 million

In 2019, Drake was named the fifth richest rapper of all time. He’s also the youngest person on that list. His money comes from music sales but also from brand endorsements, his work as a record producer and label collaborations.

Music Career

Born in Toronto, Canada, Aubrey Drake Graham started his career as a TV actor on the famous teen drama Degrassi: The Next Generation. He was a regular from 2001 to 2007, when he left to pursue a musical career instead. While on the show, he was earning a salary of $50,000 a year. At one point, that money was the only thing supporting him and his ill mother.

His first music releases were three mixed tapes that sold relative well (several thousand copies each). When he released his first original album in June 2010, it was a success right away, with one of his singles reaching number fourteen on the Billboard Hot 100. The album ended up becoming the top selling debut album in 2010 with with 447,000 copies sold.

In comparison, his 2016 album “Views” sold 1 million copies in the first week of release. While this means Drake makes quite a bit of money in sales, he also earns quite nicely with his live shows – about $1 million per concert.

Real Estate and Other Buys

Drake moved to California in 2012, straight into a 12,000 square-foot $7.7 million mansion in Hidden Hills. The home comes with its own movie theater, an 80-foot water slide into the main pool, and a beach volleyball court. Rather than buying his next properties in other cities, Drake bought the adjacent estate for $2.8 million in 2015, then a third neighboring mansion in 2018.

In addition to a condo in his hometown of Toronto, he also bought a $6.7 million plot of land right outside the city, where he spent a few years building a mansion. In April 2020, Drake opened the doors to his extravagant 50,000-square-foot new estate, which includes an NBA regulation-size basketball court, a Bösendorfer concert grand piano, and a 3,200-square-foot master bedroom.

drakes house

Experts estimate his real estate estate assets add up to at least $20 million without including the Toronto mansion, which could be worth $50+ million on its own.

In 2019, Drake acquired a Boeing 767 private jet, which he had repainted to read “Air Drake.” While an aircraft of that kind is valued at over $180 million, Drake got it for free from Canadian airline Cargojet. The company considered the gift a great publicity move that will pay for itself.

Other Business Ventures

Drake has endorsement deals with many popular brands, though there’s no public information on how much he’s been paid for these deals. Over the years, he’s done publicity for Nike, Sprite and Burger King. The one deal that made the news was Drake’s exclusive contract with Apple Music. In exchange for giving Apple the exclusive initial release of all his music, he received $19 million.

OVO Sound, a record label that Drake founded in 2012, represents a number of artists, including Mike Zombie and Kash Doll. As the owner, Drake earns a potentially good amount of money from this venture.

In 2016 Drake also launched Virginia Black, his own brand of whiskey, which sold 35,000 units in the first year alone and has been doing well since then.

So How Much Money Does Drake Have?

Drake has an estimated net worth of about $150 million after earning about $75 million in 2019. This could grow significantly in the next year, as new albums and concerts are lined up in the future.