Drake Net Worth
Drake Net Worth

What Is Drake Net Worth? How Does He Spend His Money?

Aubrey Drake Graham, better known by his stage name Drake, is an American music icon. When Drake was born on October 24, 1986, he was living in Toronto, Ontario, Canada. Drake was born and raised in Toronto, where he lived with his parents until he was eight. As a drummer, his father worked for a long time as an African American.

As a result of this, he has dual nationality. Because of his parents, Drake has dual citizenship in both the United States and Canada. When Drake was five years old, his father’s presence was no longer present. When he was a child, he moved to Toronto with his mother, and his father moved to Memphis. Racial abuse was a part of his childhood. Later, he was expelled from school. Let’s move down and find Drake’s net worth.

How Does Drake Spend His Money?

While Drake has worked hard to amass his fortune, his spending habits reveal a strong desire for the finer things in life. Real estate is where he spends the majority of his money. Drake purchased a  Hidden Hills, California, mansion for $7.7 million. There are many unique cars in Drake’s collection.

He’s fond of buying exotic and rare cars, which he keeps a collection of. He imports and customizes all of his vehicles. Boeing 767 jet plane. He owns one of these. Air Drake” has been emblazoned on the plane’s fuselage. The jet has a market value of $185,000,000.

Another of Drake’s extravagant spending habits is on jewelry, which he has a particular fondness for. One of his fashion label’s logos is an owl, which has appeared on various jewelry pieces. Each of Drake’s custom-made necklaces is worth at least $100,000.

What is Drake’s Net Worth?

Drake is a $250 million-dollar rapper, actor, and producer of Canadian descent. One of the highest-paid entertainers in the world consistently is Drake. On the popular Canadian television program “Degrassi: The Next Generation,” Drake made his acting debut. He would become well-known worldwide, thanks to his music, which he has been writing or recording since 2006.

In 2010, his debut studio album, “Thank Me Later,” debuted at the top of the hip-hop charts, and he hasn’t stopped since. He has relentlessly traveled, made several appearances at awards ceremonies and music programs, and concentrated on gaining as many fans as possible.

Drake Net Worth
Drake Net Worth

Drake’s professional earnings, before taxes and lifestyle expenses, total more than $430 million since he first achieved global recognition.

From June 2017 to June 2018, Drake made $45 million. He made $95 million in total revenue in 2017. He made $75 million from June 2018 to June 2019. He made $50 million over the ensuing 12 months. For a complete breakdown of Drake’s annual earnings, scroll down.

Universal Music Group Contract

Drake was re-signed to a “long-term worldwide collaboration” by Universal Music Group in May 2022, which includes “recorded music to music publishing, cinema, television, and branding,” according to the company’s Q1 earnings call. In a handful of his songs, Drake has hinted at this agreement. He rapped about signing a deal that included “360 up front” in one tune.

Some people have interpreted that phrase to suggest that the transaction paid him $360 million upfront in light of Universal’s announcement. Some estimates say the deal is worth at least $400 million. Before signing, the corporation had earned $50 million a year in revenue from only Drake’s music repertoire.

Drake would have theoretically received $200 million upfront after taxes if the deal had indeed been worth $400 million.

Mainstream Success

On June 15, 2010, Drake’s first studio album, “Thank Me Later,” was made available. Both Canada and the US ranked the album at #1. It reached the top spot on the Billboard 100, the R&B/Hip Hop, and the US Rap charts in the US. The RIAA eventually awarded it Platinum certification.

Take Care, his second studio album from 2011, debuted at #1 in many countries and finally achieved 6-time Platinum status.

Since then, every album has received at least four Platinum awards.

One of the most prominent and influential figures in hip-hop and the music industry at large is Drake. Numerous of the biggest names in the music business, including Kanye West, Eminem, Jay-Z, and Travis Scott, have collaborated with him.

Numerous awards have been nominated to Drake. At the time of writing, he had received more than 40 nominations and had won more than 180 prestigious prizes, including four Grammys.

A Drake performance often brings about $1 million.

Singles Sold

Drake is the artist with the most digital single sales in history. He has sold more than 163 million digital singles as of this writing. That is 40 million more than Rihanna, who came in second.

With an estimated 26 million records sold, is the 80th best-selling musician of all time in album sales? That places him behind Shania Twain (48 million) and Celine Dion as the third-best-selling Canadian artist of all time (50 million).

How Much Real Estate Does Drake Own?

Drake, born in Canada, moved to Hidden Hills, California, in 2012 after paying $7.7 million in cash to the previous owner of the Saddle Ranch Bar in Los Angeles for an opulent property. The property, also known as the YOLO Estate, has several homes, including a 12,000-square-foot main house and a 2,000-square-foot party house.

A full-sized basketball court, a sand volleyball court, a 25-person movie theater, and one of Southern California’s largest privately owned swimming pools are among the amenities on the estate. His lagoon-like pool loops around the house’s exterior and includes a grotto in the form of a Playboy mansion, several waterfalls, a swim-up bar, and an 80-foot water slide.

Drake revealed in a Rolling Stone article that he had his eye on this property for years after finding it while searching for “craziest residential swimming pools” online. For years, he had a pool picture on his computer’s wallpaper, which motivated him.

The home’s previous owner offered it for $27 million in 2009. When the previous owner ran out of money in 2012, Drake jumped in and purchased it for $7.7 million:

He expanded his property in 2015 by spending $2.8 million to purchase the adjacent 1.6-acre estate. He added more space to the property in 2018 by spending $4.5 million to buy yet another adjoining home. His private estate currently includes 6.7 acres of connected land at the end of a cul-de-sac, representing a $15 million investment in real estate alone.

In March 2022, Drake put the YOLO Estate up for sale for $22.7 million. For $14.8 million, a buyer may potentially purchase simply the primary residence.

Drake paid $6.7 million for a piece of land in The Bridle Path neighborhood of suburban Toronto in 2016. On the two acres of land, he started construction on a 50,000-square-foot home. The home includes a 10-car garage, an NBA-sized basketball court, a gym, an awards room, and many other amenities. 3,200 square feet are devoted to the master bedroom alone.

On March 8, 2022, it was revealed that Drake had agreed to purchase the 20-acre Beverly Hills estate of British musician Robbie Williams. The sum Drake paid in an unlisted transaction? According to a source who spoke with the LA Times, “Mid $70 million.”

In addition, he has a condo in Toronto’s downtown.

Drake has real estate holdings worth at least $100 million in total.

Drake’s Earnings 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

Total: $433 million

Drake’s Net Worth Milestones

In November 2009, when Drake’s net worth was initially added to Celebrity Net Worth, it was estimated to be $1 million. He had signed with Lil Wayne‘s Young Money label a few months previously. His net worth reached $25 million in 2012. He earned about $45 million by 2014.

He first surpassed $80 million at the end of 2016. He easily surpassed $100 million at the beginning of 2018 because of his astounding near-$100 million earnings in 2017. His net worth first reached $150 million in May 2019.

Please forward this to your friends if you find it interesting. Newswatchlist.com is the best place to find the latest and updated information about your favorite celebs.

About Lionel Holmes 1849 Articles
Lionel Holmes is a journalism graduate with keen interest in covering Technology  news – specifically startups. He has as a keen eye for technologies and has predicted quite a few successful startups over the last couple of years. Lionel goal with this website is to report accurately on all kinds of stock news, and have a great deal of passion for Finance and active reporting. Lionel is diligent and proactive when it comes to Technology news reporting.

Leave a Reply

Your email address will not be published.