Drake is one of the most successful and influential rappers in the world, and his net worth is a topic of great interest to many people. Born Aubrey Drake Graham in Toronto, Canada, in 1986, he began his career as an actor on the television show Degrassi: The Next Generation. However, it was his music that brought him international fame and fortune.
Drake’s net worth is estimated to be $260 million in 2024
CelebrityNetWorth and other sources, 2024
According to various sources, including CelebrityNetWorth, Drake could be worth around $260,000,000 in February 2024. The last time his net worth was calculated at the end of 2023, he was worth around $250,000,000.
Drake’s Early Life and Career
Growing up in Toronto, Drake had a difficult childhood. His parents divorced when he was five years old, and he was raised primarily by his mother. Despite the challenges he faced, Drake was determined to succeed, and he began pursuing a career in entertainment at a young age. He appeared in several television shows and movies, but it was his music that caught the attention of the world.
Drake’s Music Success
Drake’s career in music started to rise in 2009, when he brought out his mixtape called So Far Gone. This mixtape was very successful with critics and also sold well, which resulted in him getting a contract to record with Lil Wayne’s company Young Money Entertainment. From that time, Drake has put out many successful albums and songs like Views, Scorpion, and God’s Plan. He received a lot of prizes, with four Grammy Awards among them, and many people think he is one of the best rappers ever.
Key Takeaways
- Drake is a successful rapper and actor from Toronto, Canada.
- He began his career as an actor on the television show Degrassi: The Next Generation, but it was his music that brought him international fame and fortune.
- Drake has released several hit albums and singles, won numerous awards, and is widely regarded as one of the greatest rappers of all time.
Drake’s Early Life and Career
Drake’s birth name is Aubrey Drake Graham and he was born on 24th October, 1986 in Toronto, Canada. His dad, Dennis Graham played drums for the famous rock ‘n’ roll musician Jerry Lee Lewis. Drake’s mom, Sandi Graham, had a job as a teacher of English and also arranged flowers. After his parents split up when he was five, Drake grew up with his mother in the Forest Hill area of Toronto.
Drake began his career in the entertainment industry with acting on “Degrassi: The Next Generation,” a Canadian television show for young people. In this series, he portrayed Jimmy Brooks, who was famous for playing basketball before getting paralyzed because of a shooting incident. Drake was on the show between 2001 and 2009, which played a big role in starting his career.
In 2006, Drake brought out his initial mixtape called “Room for Improvement,” and he made it in Toronto where he comes from. This mixtape had songs with other artists from Canada such as Trey Songz and Lupe Fiasco. Drake released his second mixtape called “Comeback Season” in the year 2007, which included a popular song named “Replacement Girl” and it had Trey Songz singing too.
Drake’s beginnings in music were greatly shaped by his life in Toronto. His songs frequently talk about the times he had growing up there, covering issues with romantic ties and dealing with popularity. Drake, with his special mix of singing and rapping plus the deep thoughts in his lyrics, made him noticeable among many artists in hip-hop.
Since starting on “Degrassi” and releasing his initial mixtapes, Drake’s wealth has increased a lot. By 2022, it is thought that Drake has about $180 million, which puts him among the richest rappers globally.
Drake’s Music Success
Album Sales
Drake’s success in music is clear when you look at how many albums he has sold. By 2024, more than 150 million of his records have been bought all around the world, putting him among the top-selling musicians ever. His fourth album in the studio, “Views,” which came out in 2016, started at the top position on the US Billboard 200 chart. It sold more than a million copies during its initial week. Up to now, this album received four times platinum status from the Recording Industry Association of America (RIAA).
Drake’s fifth album, “Scorpion,” which came out in 2018, started at the top position on the US Billboard 200 and sold more than 732,000 units in the initial week. Since its release, this album has received a double platinum certification from RIAA.
Digital Streaming
Drake’s musical achievements are shown in his online streaming numbers too. By 2024, more people have listened to his songs on Spotify than any other artist, with the total streams reaching beyond 83 billion. The song “One Dance” by him has the highest number of streams on Spotify, it has been streamed more than 2.7 billion times.
Drake has set new records on Apple Music too. His fifth album called “Scorpion” became the first one to go over a billion streams on Apple Music within a week. The album set a new record for the highest number of streams in one day on Apple Music.
Concert Tours
Drake’s success in music also includes his live performances. His 2018 tour named “Aubrey and the Three Migos Tour” was among the top-earning tours that year, with earnings more than $79 million. The tour consisted of 56 shows across North America and featured special guests Migos.
Drake’s tour in the summer of 2016, called “Summer Sixteen Tour,” made a lot of money, more than $85 million. There were 54 performances all over North America and the musician Future came along as a special guest.
Certainly, Drake’s success in music can’t be questioned. The sales of his albums, the number of times people listen to his songs online, and the many concerts he does show how popular and important he is in the world of music.
Drake’s Business Ventures
Drake’s net worth is estimated to be around $180 million, and much of his wealth comes from his successful business ventures. Here are some of the key ventures that have contributed to his net worth.
OVO Sound
Drake founded the record label OVO Sound in 2012, which has since signed artists such as PARTYNEXTDOOR, Majid Jordan, and dvsn. The label has also released several successful albums and mixtapes, including Drake’s own “Views” and “More Life.” OVO Sound has become a major player in the music industry, and it has helped to increase Drake’s net worth significantly.
Whiskey Brand
In 2019, Drake launched his own whiskey brand, Virginia Black. The brand has been successful, and it has helped to diversify Drake’s business portfolio. Virginia Black is a blend of two, three, and four-year-old Bourbon Whiskey, and it is known for its smooth taste and unique bottle design.
Fashion Collaborations
Drake has collaborated with several fashion brands over the years, including Nike, Jordan, and Canada Goose. His partnership with Nike has been particularly successful, with the release of several popular sneakers such as the Air Jordan 12 OVO and the Air Max 97 “God’s Plan.” Drake’s fashion collaborations have helped to solidify his status as a cultural icon and have contributed significantly to his net worth.
In conclusion, Drake’s business ventures have played a significant role in his net worth, and he has proven himself to be a savvy entrepreneur. From music to fashion to whiskey, Drake has diversified his portfolio and established himself as a major player in multiple industries.
Drake’s Assets and Investments
Drake, the Canadian rapper, is known for his extravagant lifestyle and his net worth is estimated to be around $180 million. A significant portion of his wealth comes from his assets and investments.
Real Estate Portfolio
Drake has an impressive real estate portfolio that includes properties in Toronto, Los Angeles, and Hidden Hills. He reportedly spent over $6.7 million on a mansion in Hidden Hills, which he later sold for $11.5 million. In Toronto, he owns a 50,000 square foot mansion, which is valued at around $100 million. Additionally, he owns a penthouse in Toronto’s prestigious Four Seasons hotel, which is worth around $8 million.
Stock Investments
Drake is also known for his stock investments. He has invested in companies such as Apple, Netflix, and Amazon. In 2019, he invested in the esports company, 100 Thieves, which is valued at over $125 million. His investments in these companies have reportedly earned him millions of dollars in profits.
Art Collection
Drake is also an avid art collector and reportedly has a collection worth over $50 million. He has invested in works by artists such as KAWS, Takashi Murakami, and Jean-Michel Basquiat. In 2018, he purchased a painting by British artist Michael Soi for $19,000, which is now reportedly worth over $50,000.
Overall, Drake’s assets and investments play a significant role in his net worth. His diverse investment portfolio and passion for collecting art have helped him accumulate his wealth.
Questions
What is the estimated net worth of Drake as of the latest Forbes report?
According to the most recent report from Forbes, Drake has an estimated net worth of 150 million dollars, putting him among the world’s wealthiest rappers.
How does Drake’s wealth compare to that of Jay-Z?
Drake has less money than Jay-Z, who is now the world’s wealthiest rapper with a total wealth of $1.4 billion.
What is the ranking of Drake in the list of the richest rappers?
Drake is now the world’s fifth wealthiest rapper as per Forbes. Since 2013, his name has always been in the top ten list.
Has Drake’s net worth increased significantly in the past year?
Drake’s total wealth did not see a big rise last year. Still, he remains among the top earning rap artists globally with an income around $47 million in 2020.
Who has a higher net worth, Drake or Kanye West?
According to the most recent Forbes article, Kanye West’s wealth is more than Drake’s, having an estimated value of 1.3 billion dollars. Nonetheless, Drake remains among the richest rap artists globally.
What are the primary sources of Drake’s income contributing to his net worth?
Drake earns money mainly from his songs, promoting brands, and putting money into different projects. He also has put some of his wealth into buying property and he owns a big fancy house in Toronto.
