Out of much-invested efforts, we have been able to draft a detailed record of a popular Rap artist’s net worth: Drake, and you will learn added information you might not know earlier about him from this masterpiece.
Drake in Los Angeles | Source: Forbes.com
For some justification, here are few of Drake’s biography:
Aubrey Drake Graham popularly recognized by the name “Drake”, yearly, do earn up to $70 million as salary. Drake was born on October 24, 1986, and he’s currently 34 years old. He’s6 ft or 1.84 small, and he has worked as an Actor, as well as a singer, Rapper, Songwriter, Composer, Voice Actor and Producer. Also, his nationality is Canada.
Without much ado, what is Drake’s current worth? As at 2020, Drake is now worth $180 million.As a matter of fact, Drake is constantly rated to be among the most-paid entertainers all over the world. Notably, before Drake turned today’s sought-after rap superstar, he was once a child actor and he played a role in “Degrassi”, which is a Canadian teen drama better known as “Next Generation”. The good thing is that, since Drake gained his first mainstream success, he has earned over $400 million during his career prior to payment of taxes and associated lifestyle costs.
Drake was inspired by some rap icons such as Jay-Z, thus in 2006 he started releasing mixtapes.
But Drake released “Room for improvement” as his first mixtape in Feb. 2005. Though he was only able to sell about 6000 copies, yet he released the second mixtape titled “Come back soon” in 2007. He did this via his newly launched label then i.e. OVO Records. And it featured a hit single titled “Replacement girl”. There was a version of the song that caught the attention of Jas Prince, the founder of Rap-A-Lot Records, after hearing it he notified Lil Wayne. Wayne found it impressive and that made him to invite Drake’s flight to Houston. Drake joined his Tha Cater III tour, in the course of which he wrote and recorded various songs like “Forever”, Brand New”, etc. alongside Lil Wayne.
In 2012 Drake bought a mansion in Hidden Hills, California for $7.7 million, and nicknamed it the YOLO Estate. The property encompasses several residences like a 12,000 ft² main house together with a 2,000 ft² party house. Located in the estate is also equestrian stables, a movie theater, volleyball court, a basketball court, and a lagoon-like pool which is one of the biggest privately-owned pools found in Southern California. It also has various waterfalls and a mansion-like grotto. Though this house was initially listed for $27 million in 2009, but Drake later got it at a cheaper cost.
In 2015, Drake bought the neighboring estate of 1.6 acre at $2.8 million in order to extend his property. He bought another nearby house for $4.5 million. Now, Drake’s private estate covers6.7 acres and is worth $15 million.
Drake bought one plot of land in Toronto for $6.7 million in 2016.In addition, he owns one condolocated in downtown Toronto.
Summing all, Drake’s real estate is worth at least $25 million, but these assets are probably worth far more than that by now upon inclusion of his improvements.
Drake happened to have uploaded a video to Instagram in 2019 showing off his Boeing 767 private jet which he newly purchased and it’s assumed to be worth $75 to $100 million. He painted and named it “Air Drake”. It was discovered from the video that, Drake seems proud to have acquired the jet while he proclaimed that it all belongs to him bearing “no rental, no timeshare, no co-owners”.
Milestones of Drake’s Net Worth
When Drake was rated in Nov. 2009, his net worth was initially estimated to be $1 million. In some months prior to that, he had just signed a deal with Young Money Entertainment owned by Lil Wayne. In 2012 Drake’s net worth grew to$25 million. While by 2014 he has topped $45 million, and by the latter part of 2016 he then topped $80 million. In 2017 he earned nearly $100 million, and in 2018 he was able to top $100 million. Interestingly, Drake’s net worth hit $150 million in May 2019 for the very first time.
For past years till now lots of major brands have been endorsed by Drake which include Burger King, Nike, Sprite, Apple, and Whataburger. Drake signed an exclusivity deal of $19 million when Apple Music was launched. This deal permitted Apple to always be the first home of every of Drake’s solo releases at any time.
Importantly, Drake created his record label known as October’s Very Own Records/Sound. Besides Drake, OVO Sound now reps music from different artists like Majid Jordan, Kash Doll, PartyNextDoor, as well as producers in the likes of Boi-1da, Mike Zombie, Future the Prince, and so on.
Even, Drake launched a bourbon-based whiskey brand of his own in 2016 and it was named Virginia Black.In the 1st week after which the company was launched, they were able to sell 4,000 bottles of the drink. Whereas in latter months of that year, the company then shipped extra 30,000 units.
The 1st headline tour that Drake took was in 2010 and called it “Away From Home Tour”. In addition, he embarked on 5 headlining tours up to 2019. He likewise co-headlined 4 tours that include his tour in 2018 with Migos, a rap group.
The “Summer Sixteen Tour” that he embarked on in 2016 turned out to be the greatest-hip hop tour he has had over the time till that point and it earn him a huge sum of $84.3 million from 54 shows. This means the average gross is $1.56 million for each concert. Despite that, Drake’s 2018Migos co-headlining tour surpassed that record by earning him $80 million over forty-three dates. This means the average gross was $1.86 million for each concert.
Drake holds an instant selling “OVO Fest” in Toronto every summer.
Besides, in Las Vegas Drake owns a permanent residency at XS Nightclub, which can easily generate $500,000 for him per single appearance. Right now! He earns over $2 million when he appears for a concert that’s more formal.