Drake

Drake has firmly established himself as a powerhouse in the music world, with a staggering net worth of around $250 million. With each track he releases and every new venture he embarks on, millions of fans across the globe stop to listen. His tremendous collection of accolades and his unquestionable influence both demonstrate the enormity of his success. Here, we will discuss how this famous rapper garnered this much wealth. So keep reading. 

What Is Drake's Net Worth?

As of 2024, the Drizy Drake has a net worth of $250 million

Aubrey came to the limelight with Degrassi but unfortunately, he didn't make much from this show. In a 2011 interview with Complex, he shared, "A season of Canadian television is under a teacher's salary." Based on Glassdoor, the average teacher's salary in Toronto is about $47K. this means he earned only around $378K over his eight years on the show.

The main source of income for Drake is definitely his music career, especially through touring. According to Billboard, Drizzy is the highest-grossing hip-hop touring artist of all time. His tours have grossed $508.2 million in total. His latest tour, “It's All a Blur Tour” is the highest-grossing hip-hop tour of all time, earning more than $215 million in revenue. Although Drake doesn’t pocket all the revenue, especially when sharing the stage, he still earns a massive amount from these shows.

Though music streaming doesn’t bring in the same amount of money as touring does, Drake has earned a pretty penny streaming too. As of 2024, he is the 2nd most-streamed artist on Spotify, behind Taylor Swift (obviously) with more than 80 billion streams. Spotify pays artists anywhere between $0.003 to $0.005 per stream, so 80 billion streams equate to $240 million to $400 million. But just like with touring, Drake only earns a percentage of that money, which is still better than nothing.

Aubrey’s 2022 partnership with Universal Music Group, spanning music, cinema, TV, and brand collaborations, marked a major financial boost. The $400 million deal, likely with a $360 million advance, significantly increased his net worth.

What Is Drake's Claim To Fame?

Drizzy has established himself as one of the greatest musicians of his generation, having received 193 honors over his career, including five Grammys. He was named "Artist of the Decade" by the Billboard Music Awards. With over 170 million recordings sold globally, his musical influence transcends national boundaries, further solidifying his global dominance. Let’s discover how his endeavors helped him gather enormous fame and wealth. 

• Degrassi The Next Generation: Graham's life took a turn at the age of fifteen when he experienced recognition through acting instead of music. A school friend’s father, who was an acting agent, saw Drake’s charisma and thought he would be a natural fit for the screen. Shortly after, Aubrey landed a role on the Canadian teen drama Degrassi: The Next Generation, where he played Jimmy Brooks, a basketball player who becomes paraplegic. For his role, he earned around $40,000 and appeared in 100 episodes between 2001-2008. 
• Thank Me Later: Drake released his debut album, “Thank Me Later,” in 2010. The album debuted at number 1 on the Billboard 200 and sold 447,000 copies in the US within the first week. It would eventually sell 1.8 million copies. This album solidified his status as a hip-hop heavyweight.
• Take Care: Drizzy peaked early in his career thanks to his second album, “Take Care,” which is considered to be his best work to date. It has been certified platinum eight times by Recording Industry Association of America (RIAA) and won him his first Grammy, for Best Rap Album. This is his only album to win that award.
• Beef with Kendrick Lamar: Tensions between K-Dot and Drizzy have been there for most of the last decade. But their beef reached new heights in early 2024 when Kendrick called out both Drake and J. Cole on “Like That.” This started a rap battle between them and led to both releasing multiple diss tracks aimed at each other, eventually bringing some unwanted attention to Drake because of the implications made on “Meet the Grahams” and “Not Like Us”.

What Businesses Does Drake Own Or Is A Part Of?

From co-owning an esports team to launching a fragrance line, Drake's business moves showcase his success beyond music. Here's a look at the key businesses he's involved in.

• OVO Clothing: He co-founded this clothing line in 2011. The company's collaboration with the NFL and MLS, as well as its exclusive releases, helped it generate over $50 million annually in sales. 
• OVO Sound: Although Drake expanded his business by launching this segment, the business didn't receive recognition during its initial days. After signing Naomi Sharon as its first female performer in 2023, the firm became widely recognized. Sony Music Entertainment’s joint venture, Santa Anna, also collaborated with OVO Sound. Other popular names connected with this venture include PARTYNEXTDOOR, Roy Woods, Smiley, and Popcaan, alongside Drake’s notable collaborations with artists like Bad Bunny and Central Cee.
• Better World Fragrance House: Drake has a deep affinity for fragrance, which motivates him to develop distinctive scents that elevate environments. Collaborating with top perfumer Michael Carby and industry leader Givaudan, Better World Fragrance House (BWFH) brings his vision to life with five scents, each tied to a cherished memory. 
• DreamCrew Entertainment: The ‘One Dance’ singer also ventured into production with this company. Reviving the British crime drama Top Boy after it was canceled in 2013 was a noteworthy accomplishment for the corporation. The show gained popularity again on Netflix thanks to the initiatives led by Drake. The fifth and last season of the show debuted in the autumn of 2023. 
• 100 Thieves: Drake has leveled up from a casual Fortnite player to a major player in the e-sports world, becoming a co-owner of the professional esports organization 100 Thieves. He participated in 100 Thieves' Series A fundraising round alongside producer Scooter Braun. 

Investments:

Drake’s business interests extend into sports, tech, and finance through strategic investments. 

• Brooklyn Aces: His love for sports is evident through his various investments, including an investment in the Major League Pickleball franchise, the Brooklyn Aces. He expanded his sports-related ventures even further by joining an investment company headed by Rich Kleiman and Kevin Durant, which included other well-known athletes, including Michael B. Jordan and Steve Stoute.
• Serie A club AC Milan: Drake and NBA star LeBron James are among investors seeking to acquire Italian soccer club A.C. Milan. According to the Financial Times, the deal, valued at approximately $1.2 billion, is expected to be finalized soon with U.S. private equity group RedBird. The New York Yankees and Main Street Advisors, a Los Angeles-based investment group including LeBron, Drake, and music executive Jimmy Iovine, are spearheading the investment.
• Wealthsimple: Additionally, in 2021, Drake made an investment in the Canadian financial technology startup Wealthsimple. Alongside Ryan Reynolds and NBA player Kelly Olynyk, he participated in the company's $750 million Series C capital round, showcasing his proficiency in tech investments. 

What Are Drake’s Brand Endorsements?

Throughout his career, Drizzy has landed a number of endorsements and business ventures. Some of them are listed below.

• Stake.com: He joined forces with Stake.com in 2022 and has placed over $1 billion in bets there. He uses the website to place wagers (and curses) on sports events and  even streams himself playing blackjack on the streaming website, Kick, which is owned by Stake.
• Toronto Raptors: Drake has represented the Toronto Raptors, his home NBA franchise, as a Global Ambassador since 2013. His extreme involvement reached new heights during the 2019 playoffs, to the point that the NBA was compelled to issue a warning when he heckled the Milwaukee Bucks and even gave the Raptors coach a shoulder rub during a game.
• State Farm: Drake appeared in the State Farm commercial as a stand-in for Jake. The ad featured multiple celebrities like Patrick Mahomes and Aaron Rodgers. The exact amount of the deal is unknown but given the fact that a 30-second Super Bowl ad cost 5.5 million in 2021, the rapper earned quite a sum for the endorsement.
• Apple: Drake has a long history with Apple. His album Views sold 632,000 copies on iTunes within its first 24 hours and surpassed 1 million sales in five days. The album was streamed over 250 million times on Apple Music. The Canadian rapper, a major supporter of Apple Music, has promoted the service through various appearances and ads. His exclusive $19 million deal with Apple included early access to Views, with availability expanding to other platforms later. He even featured in an Apple commercial, where he was enjoying Taylor’s music while working out, unsuccessfully.
• Nike: In 2013, the rapper signed a $10 million contract with Nike. In 2020, he introduced NOCTA, a sub-label that drew inspiration from his midnight creative process, to demonstrate his power in the sneaker industry. 
• Dave's Hot Chicken: He also invested in Dave's Hot Chicken, which helped fuel the company's rapid expansion. The restaurant business grew from two to 118 outlets in three years, and in 2022, its sales increased by 156%, making it the fastest-growing chain of the year.
• Sprite: Drake, much like fellow rapper Travis Scott, has endorsed Sprite several times. Drake famously starred in several Sprite commercials, and his lyrics were even used in their marketing campaigns. 
• Virginia Black Whiskey: Virginia Black whiskey was launched by Brent Hocking in collaboration with Drake. The rapper’s involvement in Virginia Black was strategic. He invested in the brand and secured an equity stake, emphasizing his hands-on approach to the venture. The brand may continue to add to Drake’s wealth, allowing him to celebrate with his preferred white wine spritzer. 

How Does Drake Spend His Millions?

Like many celebrities who are extremely wealthy, Drake has also developed a taste for the better things in life. His lifestyle is opulent, featuring expansive estates, opulent cars, luxury watches, and the sound of private jet engines. Along with this, he also spent millions on philanthropic activities.  

How Big Is Drake's Watch Collection?

Drake’s watch collection is a true masterpiece, featuring some of the most prestigious names in the world of high-end horology, including Rolex, Patek Philippe, Audemars Piguet, and Richard Mille.

How Big Is Drake's Jewelry Collection?

Drake's success in the music industry has not only earned him fame but also fueled his passion for luxury, including an impressive jewelry collection. Although a precise valuation is difficult to determine, analysts believe his collection has a potential worth of over $20 million. Let’s take a dazzling dive into Drake’s jaw-dropping jewelry pieces.

• The Crown Jewel of Toronto chain: To mark the release of his eighth album, For the Dogs, Drake revealed this stunning piece. This masterpiece, designed by renowned jeweler Alex Moss, is made of 18K white gold, Burmese rubies, emerald-cut diamonds, and a mixture of VVS diamonds in white, blue, and yellow. The chain features the CN Tower, as well as the mascots of Toronto's sports teams, such as the Maple Leafs and Raptors. Its precise value is unknown, but Drake values its personal significance much. 
• O chain: This is one of his most memorable pieces, crafted by Kilani Jewellery. This pendant is encrusted with mind-blowing 2,100 VVS diamonds, amounting to 74.9 carats. In 2016, around the time his album Views became an enormous hit, Drizzy added this legendary piece to his collection, signifying his ascent in both music and luxury. 
• Owl Chain: Symbolizing October's Very Own, the Owl Chain is one of Drake's most identifiable pieces. The chain was designed by Beverly Hills resident Jason, and it is made of gold and adorned with over 100 carats of Asscher-cut diamonds. 
• Stone Island Chain: This 888-gram gold chain, designed by Ben Baller, is a clear example of his passion for the streetwear company Stone Island. This large pendant, worth around $100,000, showcases the Stone Island emblem and is set with a stunning arrangement of 79 carats of canary yellow, green, and black diamonds. 
• Homer Chain: A collaboration between Drake and Frank Ocean’s luxury brand Homer resulted in the extraordinary Homer Chain, valued at an eye-popping $1.89 million. Drake always looks amazing when he wears this 18K white gold chain, which is adorned with 127.5 carats of diamonds. 
• Drake Engagement Necklace: The "Previous Engagements" ring necklace that Alex Moss created for Drake is among his most extravagant and personal possessions. He purchases that 18K white gold necklace for around $12 million, making it one of his most valuable jewelry items.
• Godfather ring: This ring, created by Alex Moss, is a representation of his power in the music business. The ring is made up of 18k white gold and has natural oval diamonds all over it.

How Many Real estate Properties Does Drake Own?

Drake's houses are all reflections of his opulent lifestyle, complete with areas for entertaining and pursuing his love of sports, music, and the arts. Here, we have listed his real estate holdings. 

• YOLO estate in Hidden Hills: Drake made his mark on the real estate world by purchasing this 12,500-square-foot mansion for $7.7M in 2012. His popular song "The Motto" served as the inspiration for the estate, but the hip-hop star sold this English-Tudor-style home in 2022 for a hefty $12 million.
• The Inn at Dos Brisas: The Canadian “Hotline Bling” rapper expanded his portfolio with this $15 million purchase of a 313-acre luxury resort in Brenham, Texas. This Mediterranean-style estate includes a main house, haciendas, and casitas, plus a range of high-end amenities like an equestrian center, sports court, organic farm, and a 7,000-bottle wine cellar. Drake may not have clear plans for the estate, but with features like private plunge pools, fishing ponds, and beautiful grounds, it's a great place to hold a future business venture or private getaway. 
• Ranch-style house: Drake paid over $3M for this ranch-style property as part of his Hidden Hills extension. With lofty ceilings and hardwood floors, the four-bedroom house features an open-plan design. Despite its simplicity, the home exudes a comfortable charm, with natural light flooding the interiors and creating a serene atmosphere. Additionally, Drake owns another neighboring property, described as a "mini-Ponderosa," which he acquired for $4.5 million. 
• Toronto Mansion: Drake resides in this 35,000-square-foot mansion, designed by Ferris Rafauli. This opulent limestone palace was dedicated as a memorial to Drake's legacy in 2016. Purchased for over $6M, the mansion is a masterpiece of craftsmanship, with architectural inspiration from the Beaux-Arts style. The interior boasts a massive 2,000-square-foot garage, an NBA-regulation indoor basketball court, an Olympic-sized swimming pool, and a world-class recording studio, which shows his passion for music and sports.

How Big Is Drake's Car Collection?

Drake's varied car collection reflects his rise in the music business, having gone from modest beginnings in an Acura TSX to the pinnacles of performance and elegance with Bugattis, Rolls-Royces, and Ferraris. 

• Acura TSX: Drake's first car wasn't exactly the flashy ride you'd expect from a future megastar. He purchased this car after getting a role in Degrassi: The Next Generation. It wasn't the car of choice for music videos or magazine covers, but it perfectly fit Drake's needs at the time.  He even mentioned this car in his song “Sneakin’”, a collaboration with 21 Savage.
• Bugatti Veyron – Sang Noir Edition: Drake's taste in cars expanded along with his career. He purchased this rare hypercar for around $2 million. It is worth mentioning that the rapper was the only person in Canada who had this model. However, by 2014, he decided to part ways with the Bugatti, even referencing it in a humorous rap, “Know Yourself”, where he mentioned running errands in his luxury ride.
• Bentley Continental Supersports Convertible: Although Drake chose to drive the more potent Supersports model in real life, he can be seen standing next to a white Bentley Continental GTC in the music video for "Started From The Bottom." This car had a sleek black interior, making it easier to maintain than a white car in snowy conditions. 
• Ferrari LaFerrari: When fellow rapper Travis Scott gifted Kylie Jenner a Ferrari LaFerrari, Drake followed suit by getting one for himself. With only 499 units produced worldwide, this hypercar is both rare and powerful. The rapper possessed both the authentic and an inflatable version of his yellow LaFerrari, which he utilized as a component of his concert stage setup. It was a crowd-pleaser even though it wasn't the real thing.

This is just a glimpse of his car collection. You can check the full list here. 

Jets

• Air Drake: Aside from luxury cars Drizzy also owns a $185 million worth Boeing 767-200. It was a gift from Canadian airline CargoJet in 2009. In comparison, the ‘Air Drake’, as dubbed by the rapper, is almost 15 times the size and capacity of the Dassault Falcon owned by Taylor Swift. 

What Are Drake's Charitable Contributions?

From supporting Jamaican communities to helping rebuild basketball courts in Toronto, Drake's philanthropy spans across the globe. Some of them are listed below. 

• Jamaican Learning Center: Drake, a burgeoning hip-hop sensation and Lil Wayne's protégé during 2010, made a big charitable move by donating $30,000 to Kingston's Cassava Piece community. After filming the music video for his hit "Find Your Love" in the community, he was deeply moved by the living conditions he witnessed. Inspired by the local support and his affection for Jamaica, he decided to help establish computer schools for local children, reflecting his passion for improving their future opportunities.
• Dixon Hall: Drake's impact went beyond music after his breakthrough performance on Degrassi and the release of his debut album Thank Me Later. He was presented with the Allan Slaight Award, which included a $10,000 award. The Canada-born singer decided to donate this money to Dixon Hall, an organization that offers low-income Toronto residents opportunities and vital services. 
• Union Gospel Mission of Portland: Drake paid a heartwarming visit to the Union Gospel Mission while on his Would You Like a Tour stop in Portland, Oregon. Moved by the overcrowded conditions at the shelter, he generously donated funds to help improve their services. 
• The Game: Drake and The Game joined up in September 2013 to help Anna, an Ohio mother who had lost her boyfriend and five children in a fire. Together, they donated $10,000 each to cover funeral expenses and provide Anna with a personal vehicle.
• Interfaith Ministries and Houston Food Bank: The first-ever Houston Appreciation Weekend was held in 2014 to honor Drake's love for Houston. At this event, James Harden, Kirko Bangz, and Dez Bryant were among the famous attendees of a basketball game. Drake chose to donate the event's revenues to Interfaith Ministries and the Houston Food Bank, two local charities.
• Houston Astros' Urban Youth Academy: Building on the success of the inaugural event, Drake returned for the second Houston Appreciation Weekend with a softball tournament.  Collaborating with prominent figures like Hannibal Buress, Odell Beckham Jr., and Jas Prince, Drake arranged a game with the earnings going to support the Houston Astros' Urban Youth Academy.
• Strawberry Mansion High School: His generosity extended to Philadelphia when he donated $75,000 to build a new recording studio for this school. He expressed his enthusiasm about the donation to the pupils in person during a 2013 concert visit, stressing his wish to help them succeed in the future.
• Hurricane Harvey relief efforts: After Hurricane Harvey hit Texas in 2017, Drake offered assistance to those who were affected. At a London show, he announced that he would be giving the relief fund a sizable donation of $200,000. 
• "Welcome Toronto" Basketball Games: Drake's partnership with the Toronto Raptors led to the creation of the "Welcome Toronto" series. They promised to donate $1 million for the repair of city basketball courts in exchange for these games. The objective of this effort was to encourage the growth of Toronto's future basketball potential and improve community sports facilities.
• Donating different organizations: Drake carried on his charitable endeavors while promoting his hit song "God's Plan." He gave Miami Senior High School a $25,000 donation and provided OVO-designed uniforms while the music video was being filmed. In addition, he gave a $50,000 check to student Destiny James as a surprise and gave $50,000 to a nearby homeless shelter. Drizzy's kindness also extended to nearby establishments; at Sabor Tropical Supermarket, he paid for customers' groceries and gave them $150 Target gift cards.

What’s Next For Drake?

At the "Party and Friends" show in Toronto, the rapper announced a joint album with PartyNextDoor. Teasing the upcoming album, Aubrey hinted it would be perfect for winter, heightening excitement.
Meanwhile, he's kept fans engaged through Instagram updates and his work on producer Gordo's new album, "Diamante." The new project is poised to be another chart-topper, warming listeners as fall approaches. 

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