Drake Net Worth: How Much Is the Canadian Rapper Worth in 2023?

Drake’s wealth comes from a variety of sources, including his music career, endorsements, and acting roles. He has released numerous successful albums, including “Views,” “Scorpion,” and “Certified Lover Boy,” which have all topped the charts. Additionally, he has collaborated with many other artists and has won numerous awards for his work in the music industry. Drake has also earned money through endorsements with companies such as Nike and Apple.

Despite his success, Drake has faced criticism and controversy throughout his career. However, his net worth continues to grow, and he remains one of the most popular and successful artists in the world. As fans and critics alike continue to follow his career, his net worth will likely continue to rise in the coming years.

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Early Life and Career

Drake, whose real name is Aubrey Drake Graham, was born on October 24, 1986, in Toronto, Canada. His father, Dennis Graham, was a drummer for Jerry Lee Lewis and his mother, Sandi Graham, was an English teacher. Drake’s parents divorced when he was five years old, and he was raised by his mother in Toronto’s Forest Hill neighborhood.

Drake attended Forest Hill Collegiate Institute, where he began acting. He later attended Vaughan Road Academy, where he graduated with a high school diploma. After high school, Drake decided to pursue his passion for music and began releasing mixtapes in 2006.

In 2009, Drake signed with Lil Wayne’s Young Money Entertainment and released his debut studio album, “Thank Me Later,” in 2010. The album debuted at number one on the US Billboard 200 and was certified platinum by the Recording Industry Association of America (RIAA).

Since then, Drake has released several successful albums, including “Take Care,” “Nothing Was the Same,” and “Views.” He has won four Grammy Awards, six American Music Awards, and 27 Billboard Music Awards. Drake is also known for his collaborations with other artists, including Rihanna, Future, and Nicki Minaj.

Throughout his career, Drake has been praised for his ability to blend different genres of music, including hip-hop, R&B, and pop. He has also been recognized for his storytelling abilities and his willingness to share personal experiences in his music.

Overall, Drake’s early life and career set the foundation for his success as one of the most prominent and successful rappers in the music industry today.

Music Career

Drake’s music career began in 2006 when he released his first mixtape, Room for Improvement. However, it wasn’t until 2009 that he gained mainstream success with his mixtape So Far Gone, which included the hit single “Best I Ever Had.” The mixtape was later released as an EP and peaked at number six on the US Billboard 200 chart.

Drake’s debut album, Thank Me Later, was released in 2010 and debuted at number one on the US Billboard 200 chart. The album featured hit singles such as “Find Your Love” and “Fancy.” His second album, Take Care, was released in 2011 and won the Grammy Award for Best Rap Album. The album included popular songs such as “Headlines” and “The Motto.”

In 2013, Drake released his third studio album, Nothing Was the Same, which debuted at number one on the US Billboard 200 chart. The album featured hit singles such as “Started from the Bottom” and “Hold On, We’re Going Home.” His fourth album, Views, was released in 2016 and became his fourth consecutive album to debut at number one on the US Billboard 200 chart. The album included hit singles such as “One Dance” and “Hotline Bling.”

Drake’s most recent album, Certified Lover Boy, was released in 2021 and debuted at number one on the US Billboard 200 chart. The album features collaborations with artists such as Jay-Z, Lil Wayne, and Kid Cudi.

Throughout his career, Drake has been known for his ability to blend different genres of music, including hip-hop, R&B, and pop. He has also been praised for his songwriting abilities and his introspective lyrics. Drake’s success in the music industry has led to numerous collaborations with other artists, as well as endorsement deals with brands such as Nike and Apple Music.

Overall, Drake’s music career has been marked by consistent success and critical acclaim. His ability to evolve and adapt to changing trends in the music industry has allowed him to remain relevant and popular among fans.

Acting Career

Drake’s career in entertainment began as an actor. He played the role of Jimmy Brooks on the Canadian television series “Degrassi: The Next Generation” from 2001 to 2009. During this time, he also pursued his passion for music, releasing his debut mixtape “Room for Improvement” in 2006.

Despite his success as a rapper, Drake did not abandon his acting career entirely. He appeared in a few more television shows and movies, including “Anchorman 2: The Legend Continues” and “Saturday Night Live.” In 2018, he executive produced the HBO series “Euphoria,” which starred Zendaya and received critical acclaim.

While acting may not be his primary focus anymore, Drake’s experience in the industry has undoubtedly contributed to his success as a multi-talented artist. His ability to seamlessly transition between different forms of entertainment has allowed him to reach a wider audience and establish himself as a household name.

Business Ventures

Drake is not only a successful rapper but also a savvy businessman. He has invested in several ventures outside of the music industry, which has contributed to his impressive net worth. Here are some of the ventures Drake has pursued:

OVO Clothing Line

Drake is the founder and owner of the clothing line OVO (October’s Very Own), which he launched in 2011. The brand offers a range of streetwear-inspired clothing, including T-shirts, hoodies, jackets, and hats. OVO has become a popular brand among hip-hop fans and has collaborated with several other brands, including Canada Goose and Clarks.

Virginia Black Whiskey

In 2016, Drake launched Virginia Black Whiskey, a bourbon whiskey brand that he co-owns with Brent Hocking. The brand has become popular among whiskey lovers and has won several awards, including the Gold Medal at the 2019 San Francisco World Spirits Competition.

Real Estate Investments

Drake has invested heavily in real estate, owning several properties in Toronto, Canada, and the United States. In 2019, he purchased a massive 35,000 square foot mansion in Toronto worth $100 million. He also owns a $6.7 million mansion in Hidden Hills, California.

Toronto Raptors

Drake is a global ambassador for the Toronto Raptors, a professional basketball team in the NBA. He has been a fan of the team since he was a child and has been seen courtside at many of their games. In 2019, the Raptors won their first NBA championship, and Drake was seen celebrating with the team.

Mod Sélection Champagne

Drake is also a co-owner of Mod Sélection Champagne, a luxury champagne brand. The brand offers a range of champagne, including a $300 bottle called Mod Réserve. The champagne has received positive reviews and has become popular among celebrities and high-end restaurants.

Drake’s business ventures have contributed significantly to his net worth, which is estimated to be around $150 million. He continues to pursue new ventures and is expected to expand his business empire in the coming years.

Endorsements

Drake has been able to secure several lucrative endorsement deals throughout his career, which have significantly contributed to his net worth. Some of the major companies that have partnered with Drake include Jordan, Sprite, and Kodak.

In 2013, Drake signed a deal with Nike’s Jordan brand, which reportedly earned him $3-5 million annually. The partnership has resulted in several successful sneaker releases, including the OVO Air Jordan 10 and 12. Drake has also collaborated with Sprite since 2010, appearing in several commercials and even designing his own limited edition cans.

In addition to these major partnerships, Drake has also endorsed various other brands, including Apple Music, Virginia Black whiskey, and Whataburger. His partnership with Apple Music reportedly earned him a $19 million exclusivity deal, giving the service first rights to all his future solo releases.

Drake’s ability to secure these endorsement deals can be attributed to his massive popularity and influence, particularly among younger demographics. His partnerships with major brands have not only added to his net worth but have also helped to further cement his status as one of the most influential figures in hip hop.

Real Estate Investments

Drake has invested heavily in real estate, with multiple properties across the world. One of his most notable properties is the YOLO Estate in Hidden Hills, California, which he purchased for $7.7 million in 2012. The estate boasts a 25,000 square foot mansion, a swimming pool, a tennis court, a mechanical bull, and a movie theater. In 2019, he reportedly spent $6.7 million on a neighboring property to expand his estate.

In addition to his California property, Drake owns a luxurious condo in Toronto, Canada, which he purchased for $4.5 million in 2016. The condo spans over 3,800 square feet and features four bedrooms, five bathrooms, and a private elevator.

Drake has also invested in a property in Bridle Path, Toronto, which is known as one of the most affluent neighborhoods in the city. The property is a 35,000-square-foot mansion with 10 bedrooms, a basketball court, and a swimming pool. He reportedly purchased the property for $6.7 million in 2015 and spent an additional $1.4 million on renovations.

Apart from his personal properties, Drake has also invested in commercial real estate. In 2019, he purchased a stake in a mixed-use development project in Toronto’s east end. The project is expected to include residential units, retail space, and office space.

Overall, Drake’s real estate investments are a significant contributor to his net worth, and he continues to expand his portfolio in this area.

Charitable Contributions

Drake has a reputation for being generous with his wealth and has made several large charitable donations over the years. Here are some of his most notable contributions:

• In 2018, Drake donated $25,000 to Miami Senior High School and $50,000 to the University of Miami to help fund scholarships. He also gave $50,000 to Lotus House Women’s Shelter, a Miami-based organization that provides shelter and support for homeless women and children.
• In 2020, Drake donated $100,000 to National Bail Out, an organization that helps pay bail for people who cannot afford it. He also donated an additional $100,000 to the Bail Project, which provides bail assistance to people in need.
• In response to the COVID-19 pandemic, Drake donated $100,000 to the Toronto-based organization, Food Banks Canada, and $175,000 to the United Way, which supports vulnerable communities in Canada.
• In addition to these larger donations, Drake has also been known to give money to individuals in need. In 2018, he paid for the groceries of everyone in a Miami supermarket, totaling over $50,000.

Overall, Drake’s charitable contributions demonstrate his commitment to giving back to his community and supporting those in need. While his net worth is estimated to be around $200 million, he has shown that he is willing to use his wealth to make a positive impact on the world.

Net Worth Over the Years

Drake’s net worth has been growing steadily over the years, thanks to his successful music career and various business ventures. Here is a breakdown of his estimated net worth over the years based on available information:

• In 2013, Drake’s net worth was estimated to be around $25 million.
• By 2016, his net worth had more than doubled to $60 million.
• In 2017, Drake’s net worth reportedly reached $90 million.
• By 2019, he had climbed to the fifth spot on Forbes’ list of the richest rappers with an estimated net worth of $150 million.
• In 2021, Drake’s net worth was estimated to be around $200 million.
• As of May 2023, his net worth has reportedly reached $250 million.

Drake’s income streams have diversified over the years, with music sales, tours, and endorsements being his primary sources of income. He has also invested in various businesses, including his own record label, OVO Sound, and his Virginia Black Whiskey brand.

In addition to his music career, Drake has also made appearances in films and TV shows, further adding to his net worth. With his continued success in the music industry and various business ventures, it is likely that Drake’s net worth will continue to grow in the coming years.

Comparisons to Other Artists

When it comes to net worth, Drake is one of the wealthiest musicians in the world. According to Forbes, his net worth is estimated at $250 million as of 2022. However, it is important to note that these numbers should be taken with a grain of salt as they are only estimates.

Compared to other artists, Drake’s net worth is impressive. For example, Taylor Swift, one of the most successful musicians of the past decade, has a reported net worth of $365 million as of 2021. However, it is important to note that Swift has been in the music industry for longer than Drake and has also had success in other areas such as acting and endorsements.

Jay-Z, one of the most successful rappers of all time, has a reported net worth of $1.4 billion as of 2021. However, it is important to note that Jay-Z has been in the music industry for much longer than Drake and has also had success in other areas such as business ventures and investments.

Another artist who is often compared to Drake is Kanye West, who has a reported net worth of $1.8 billion as of 2021. However, it is important to note that West has had success in other areas such as fashion and design, which has contributed to his net worth.

Overall, while Drake’s net worth may not be as high as some of his peers, it is still an impressive feat considering his relatively short time in the music industry.

Conclusion

In conclusion, Drake’s net worth has been on a steady rise over the years, with estimates suggesting that he is currently worth around $250 million. The rapper has made most of his wealth from his music career, touring, and endorsements.

Drake’s success in the music industry has been nothing short of phenomenal, with numerous chart-topping albums and singles to his name. He has won several awards and accolades, including four Grammy Awards, six American Music Awards, and 27 Billboard Music Awards.

Apart from his music career, Drake has also ventured into other businesses, such as his Virginia Black whiskey brand and his partnership with Nike’s Jordan brand. These ventures have contributed to his overall net worth.

Drake’s philanthropic efforts cannot be overlooked either, as he has donated millions to various causes over the years. He has also been involved in several charitable initiatives, including the construction of a recording studio for underprivileged youths in Toronto.

All in all, Drake’s net worth is a testament to his hard work, talent, and business acumen. As he continues to grow his brand and expand his portfolio, it will be interesting to see how his net worth evolves in the years to come.