Drake’s Net Worth

He is the founder of OVO Sound record in 2012 with his friend 40. He has invested in NBA, fashion design, and tourism. He has made several appearances in different movies and tv programs. He is ranked among the richest musicians, with a net worth of $260 million and increasing.

A brief history of Drake

Drake’s Childhood & Education

Born Aubrey Drake Graham in Toronto, Ontario in 1986. His father Dennis Graham is a drummer for a country musician while his mother, Sandra Graham, is a florist and English teacher. Drake’s father, Dennis Graham, is an American, thus making Drake have dual citizenship in Canada and USA. Drake was raised by his mother in Toronto after his parents divorced. Drake attended Forest Hill Collegiate Institute at an early age showing an interest in arts and music. He also attended Vaughan Road Academy but drooped out to focus on his career. 

Drake’s Career History

Acting career

Drake first appeared on screen at age 15 in Degrassi: The Next Generation, a Canadian teen drama. He played the role of Jimmy Brooks, appearing in 100 episodes from 2001 to 2008. Although Drake disliked acting, so he acted in the series just for the money. While acting for the series, Drake would spend long hours at night recording music. He kept the dream alive by recording songs in the studio, always as an actor.

Music Career

Drake dropped his first album in 2006, a mixtape that featured artists like Lupe Fiasco, and Trey Songz. Drake’s first album sold only 6,000 copies, and he earned royalties of $304.04. In the subsequent year 2007, he dropped another album through October’s Very Own record label. Soon after the second album, Drake struck a friendship with Lil Wayne. A friendship that produced several hit songs such as “Forever”, “Ransom”, and so many others. He later signed to Young Money Entertainment in 2009. Drake released several albums more after securing the record label. One of his albums earned him $42 million in 2012. Drake earned a massive $46 million from one of the album tours in 2013. Drake’s music has brought in several nominations, and he won many of them. He received 10 nominations at the 2016 BET Hip-Hop Awards and won a number of them. Drakes’ music has drawn the attention of millions around the world, causing a massive 4.7 million streams in 2016. Drake has collaborated with several artists from around the world. In 2012, he floated a record label called OVO Sound in conjunction with Olivier El-Khatib and producer 40. Top artist signed on the label includes Roy Woods, Majid Jordan, PartNextDoor and many others. In 2021, Drake earned $50 million pre-tax from music. Drake’s music has generated a cumulative 7.91 billion streams year to date. Drake signed a deal with Universal Music worth about $400 million in 2021, putting him among the Forbes’ list of highest earning rappers.

Business Career

Drake has several endorsements deals from various top companies. He has deals with Sprite, Whataburger, and Burger King. These endorsements earned him a combined $94 million between 2016 to 2017. He is the co-founder of OVO Sounds which has several top artists on the label. He is the global ambassador of the Toronto Raptors, an NBA team. He has an exclusive deal with Apple Music worth $19 million in 2015. Drake cofounded DreamCrew with Adel “Future” Nur in 2017, as an entertainment company. Drake took over 100 Thieves, a gaming organization, in 2018. In 2008, Drake invested in a whiskey line, Virginia Black. In 2021, he bought a major stake in Dave’s Hot Chicken, a Californian food chain. Drake also has business collaborations with Air Jordan and Nike in 2013.

Drake’s Net Worth

Career Earnings

Drake is currently worth $260 million as at now. He has several investments and a good music career and deals that bring in more funds. His net worth is estimated to increase in the coming years.