Drake Net Worth: Is Drake a Millionaire?
Drake is a Canadian-born actor, producer, and rapper. According to Celebrity Net Worth, Drake has an estimated net worth of $250 million. Drake is routinely one of the world’s highest-paid performers. Drake was a kid actor on the Canadian adolescent show Degrassi. The Next Generation before becoming a major rap megastar. Drake has made more than $430 million in his career before taxes and living expenditures since first achieving widespread recognition.
Drake made $45 million between June 2017 and June 2018. He earned a total of $95 million in 2017. He made $75 million between June 2018 and June 2019. He made $50 million over the next 12 months. Scroll down to get a year-by-year breakdown of Drake’s earnings.
Aubrey Drake Graham was born in Toronto, Canada on October 24, 1986. Drake’s father, Dennis, was a drummer who collaborated with artists such as Jerry Lee Lewis during his career. Sandra, called Sandi, Drake’s mother, was an English teacher and florist. Drake went to a Jewish day school and had a ceremonial Bar Mitzvah.
Aubrey was five years old when Sandi and Dennis split. His father later relocated to Memphis, where he was caught and imprisoned for several years on narcotics charges. Aubrey remained in Toronto with his mother, while he visited his father in Memphis every summer (when his father was not incarcerated). Drake would subsequently depict Dennis as being absent during his upbringing, which Dennis has strongly refuted and maintains was overblown.
Drake and his mother resided in the lower half of a two-story townhouse in Forest Hill, an upscale neighbourhood, beginning in sixth grade. Drake resided in the basement, while his mother lived on the street-level floor. They were not wealthy; in fact, money was scarce. Drake discovered an interest in acting and singing while attending Forest Hill Collegiate Institute. He eventually attended Vaughan Road Academy, where he was tormented because he was bi-racial and religious. He skipped out briefly but finally graduated in 2012.
In 2006, Aubrey, who was now using his middle name “Drake” as his stage name, began releasing mixtapes, inspired by rap legends like Jay-Z who obtained record deals after becoming popular as independent artists.
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He published his debut mixtape, “Room for Improvement,” in February 2005 on his website and his MySpace profile. He was able to sell almost 6,000 copies directly. The following year, he released his second mixtape, “Comeback Season.” He released the mixtape on his newly formed label, October’s Very Own (aka OVO Records). This mixtape included “Replacement Girl,” which became a successful underground tune. The song’s music video was the first to be shown on BET by an unsigned Canadian rapper.
Universal Music Group Contract
On the company’s first-quarter earnings call in May 2022, Universal Music Group stated that Drake had been re-signed to a “long-term international collaboration,” which encompassed everything from “recorded music to music publishing, cinema, television, and brands.” Drake has mentioned the contract in a handful of his songs. In one song, he rapped about negotiating a contract that included “360 up front.”
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Given Universal’s admission, some have interpreted the lyric to suggest that the agreement paid him $360 million upfront. According to some estimates, the deal is worth $400 million or more. Prior to joining, Drake’s song catalogue alone was earning $50 million in income for the corporation each year.
Drake landed a part in the long-running Canadian adolescent drama television show “Degrassi, The Next Generation when he was 15 years old, thanks to the father of a boyhood friend who is an acting agency. He portrayed Jimmy Brooks, a basketball player who went paralyzed after being shot by a classmate, on the show. He was a regular cast member from Season 1 through Season 7, with guest appearances in 2008.
Drake’s mother grew unwell and was unable to work when he was in Degrassi. For some years, his Degrassi wages were their sole source of money. He was making $50,000 per year from the program at the time.
Drake is one of the most dominant and successful figures in hip-hop and the music business as a whole. He has collaborated with a slew of music’s greatest names, including Kanye West, Eminem, Jay-Z, and Travis Scott. Drake has received several award nominations. As of this writing, he had received over 180 major prizes, including four Grammys, from over 40 nominations.
Despite being born in Canada, Drake has lived in Hidden Hills, California since 2012, when he paid $7.7 million in cash for a huge property from the previous owner of Los Angeles’ Saddle Ranch Bar. The property, dubbed the YOLO Estate, includes many houses, including a 12,000-square-foot main house and a 2,000-square-foot party house.
The estate includes horse stables, a 25-person movie theatre, a full-sized basketball court, a sand volleyball court, and one of Southern California’s largest privately-owned pools. His lagoon-style pool, which wraps around the outside of the home, includes numerous waterfalls, a swim-up bar, an 80-foot water slide, and a Playboy-style grotto.
Drake confessed to Rolling Stone that he had his eye on this home for years after Googling “craziest residential swimming pools” and finding it as one of the results. For years, he used a snapshot of the pool as the background image on his computer as an incentive. The mansion was offered for $27 million by the previous owner in 2009. When the previous owner ran out of funds in 2012, Drake rushed in and purchased it for $7.7 million.
Drake’s Net Worth Milestones
Drake was initially listed to Celebrity Net Worth in November 2009, with a net worth estimate of $1 million. He has only recently joined Lil Wayne’s Young Money label. By 2012, his net worth had surpassed $25 million. By 2014, he had earned more than $45 million. By late 2016, he had surpassed the $80 million mark for the first time. He quickly surpassed $100 million by early 2018 because of his astounding near-$100 million earnings in 2017. His net worth surpassed $150 million for the first time in May 2019.
Drake has promoted several big companies throughout the years, most notably Sprite, Burger King, Whataburger, Nike, and Apple. Drake earned a $19 million exclusive agreement with Apple Music when it first launched. This agreement made Apple the exclusive first home for all of Drake’s future solo releases.