How much is Drake worth?
| Net Worth: | $270 Million |
|---|---|
| Profession: | Professional Rapper |
| Date of Birth: | October 24, 1986 (age 36) |
| Country: | Canada |
| Height: | 5 ft 11 in (1.82 m) |
About Drake
Although he’s know for his smooth beats, sexy swagger and legions of screaming fans, this rising phenom spent years as a Canadian teen soap star before picking up the mic. In just a few short years, Drake rose to the level of musical prominence that many artists spend decades trying to achieve. He was born as Aubrey Drake Graham and raised in Toronto, Canada by his mother in a Jewish neighborhood. His father, Mr. Dennis Graham, is an African American Catholic while his mother, Mrs. Sandi Graham, is a Canadian Caucasian Jew.
Aubrey Graham made his first appearance as a celebrity in the early 2000s teen soap opera, Degrassi: The Next Generation. He played the role of a young teen named Jimmy Brooks who was injured by a classmate which resulted in him being a handicap. Drake played his role very well for seven years regardless of him having to be in a wheelchair. He also began to be known for his talent as a hip hop lyricist when he signed a deal with Lil Wayne and the Young Money Entertainment record label.
After graduating from high school in 2012, Drake decided to focus less on school and focus more on pursuing his acting career. While Drake began to soar to the heights of fame in Canada he remained unknown in the United States. During his career as an actor on Degrassi, he began to become more fascinated with the music industry and pursuing his rap career. He decided to not only appear in the Degrassi TV show world, but also to pursue his dreams to become big time in the hip hop game.
In 2006, Drake began to release projects in the hip hop world starting with his first mixtape titled Room for Improvement which he was able to profit off after selling 6,000 copies. Hip hop artist Lil Wayne, after signing Drake, invited him to a show in Houston, Texas to be apart of the Carter III tour.
Chemistry grew between the two of them and they began to make music together. New projects from Drake began to be released and new collaborations with artists like Trey Songz and Lil Wayne were put out. Drake’s fame status reached increasing heights when his songs made number 2 on the Billboard Hot 100 Singles chart and made Rolling Stone magazine’s “25 Best Songs of 2009” list.
Drake’s career started taking off and he became the topic of hip hop discussions. With successful projects like Thank Me Later, which was released on June 15, 2010, Drake earned his title as the “Prince of Hip Hop”. His first Thank Me Later album was produced in full studio quality and topped American and Canadian hip hop charts. Combining his talents into one, Drake became a celebrity icon. Making magazine covers and being co-signed by major hip hop artists like Jay-Z and Kanye West, helped Drake get richer and richer.
Fans from all over the world were buying and listening to the talented songwriter’s music. In November 2011, the second album titled Take Care was released to the public with three single hits “Headlines”, “The Motto”, and “Make Me Proud”. The album earned him the 2013 Grammy award for “Best Rap Album”, which he was nominated for among very talented artists.
During his career as a celebrity, Drake has gotten into altercations with other famous celebrities such as Chris Brown and Meek Mill. These altercations add on to his success, giving his fans and the media something to talk about. Having relations with famous singer Rihanna caused Chris Brown and Drake to become rivals and later resulted in a violent fight at a night club in New York City.
Industry conflicts seem to be raising Drake’s success bar because his fans still remained loyal. Rap beef between the famous artist Meek Mill and Drake, started when Meek Mill found out that Drake had someone else write his verse to one of their songs together.
After releasing two diss tracks, both aimed at Meek Mill, Drake began to make even more noise in the music industry. He tells his fans that none of his fame and fortune came easy and that he definitely had to work hard to get where he is with more than one feud along the way.
Drake’s Total Net Worth
Drake is one of the highest earning rappers of all time. He has periodically earned over $40 million dollars per year since 2016. In fact, more recently his earnings have been almost double that. His “Summer Sixteen Tour” was, at the time, the highest-grossing hip-hop tour ever, with earnings of $84.3 million from just 54 shows. He earns at least $1 million dollars per live performance and also earns from his endorsement deals with Sprite, Apple and Nike. In total, Drake has earned estimated total career income of $450 million dollars.
Of that amount, around $30-40 million is expected to have been paid in business related costs. The remainder, $415 million, will have been taxed at a rate of around 45% as Drake has been residing in the state of California, United States and in Toronto, Canada. After tax, it is estimated that his career earnings are at around $228.25 million dollars, having paid $186.75 million dollars in taxes.
Drake has never married, but does have one child, a son called Adonis Graham, whom he had with Sophie Brussaux. In his personal life, Drake has likely spent $8-9 million dollars of his career earnings but also probably possesses assets valued at around $3-4 million, not including investment assets. In his investments, he may have earned investment returns of $40-50 million dollars. Therefore, it is estimated that Drake has a net worth of around $270 million dollars.
Summing-Up
Drake is successful due to his ability to consistently perform bringing out new tracks with his uniquely developed tone. Originally known for his acting skills in the popular TV show Degrassi: The Next Generation, Drake has taken the rap-scene and hip hop world by storm with his fresh lyrics and clean appearance. This new style of rap artist from a good upbringing and with a cleaner, clearer style, has attracted new fans from other genres as well as recruiting the die-hards that Lil Wayne attracts. When he signed his first deal as a hip hop artist with Lil Wayne and Young Money Entertainment, he became much more famous worldwide as he dominated the United States. All of this has resulted in more media attention, success, fans and fortune.
