Is Drake a Millionaire or Billionaire? What is his Net Worth?

prazu Published On Fri Jun 17 2022 Modified On Wed Apr 12 2023

Updated in 2023 with more Drake Related content link at the bottom.

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Drake is a rapper, singer, and actor from Canada. He is a well-known performer in modern popular music who is credited with popularizing singing and R&B tendencies in hip hop.

Thank Me Later, Take Care, and Nothing Was the Same, Drake's first three albums, were all critical hits that propelled him to the top of hip hop. The 35-year-old superstar has collaborated with a slew of music's biggest names, including Kanye West, Eminem, Jay-Z, and Travis Scott. Drake has a son named Adonis.

What Is Drake's Net Worth?

Drake's net worth is over $250 million as per Celebrity Net Worth. His yearly income is $70 million.

Drake is a rapper, singer, and actor from Canada.
Photo Source: Instagram

6 ft tall artist made $45 million between June 2017 and June 2018. He earned a total of $95 million in 2017. Drake was paid $75 million between June 2018 and June 2019. He made $50 million in the following 12 months.

Drake is the artist who has sold the most digital singles in history. He has sold over 163 million digital singles. With an estimated 26 million records sold, is the 80th best-selling musician of all time in terms of album sales? After Shania Twain (48 million) and Celine Dion (48 million), he is the third best-selling Canadian musician of all time (50 million).

Drake debuted his freshly bought Boeing 767 private plane, christened (and painted) "Air Drake," in a video posted to Instagram in May 2019. Drake claims in the video that he owns the plane outright, with "no renting, no timeshare, no co-owners." A similar model and high-end private airplane would cost $75 million to $100 million.

"Honestly, Nevermind" Vocalist Drake Real Estate

Drake had lived in Hidden Hills, California, since 2012, when he purchased a huge estate for $7.7 million in cash from the former owner of Los Angeles' Saddle Ranch Bar. The property, dubbed the YOLO Estate, includes a 12,000-square-foot main home and a 2,000-square-foot party house, among other residences.

Drake had lived in Hidden Hills, California, since 2012, when he purchased a huge estate for $7.7 million in cash from the former owner of Los Angeles' Saddle Ranch Bar.
Photo Source: Instagram

Equestrian stables, a 25-seat movie theater, a full-sized basketball court, a sand volleyball court, and one of Southern California's largest privately-owned pools are among the amenities on the estate. Drake's lagoon-style pool has numerous waterfalls, a swim-up bar, an 80-foot water slide, and a Playboy-mansion-style grotto that loops around the exterior of the home.

Drake revealed in a Rolling Stone interview that he had his eye on this property for years after seeing it on a Google search for "craziest residential swimming pools" and finding it as one of the results. For years, he used a snapshot of the pool as his computer's background image to keep him motivated.

In 2009, the house was listed for $27 million by its previous owner. When the previous owner ran out of money in 2012, Drake came in and bought it for $7.7 million.

Drake bought the nearby 1.6-acre estate for $2.8 million in 2015 to expand his property. He extended the property once more in 2018 when he paid $4.5 million for an adjacent house.

Drake's private estate presently encompasses 6.7 acres of continuous land at the end of a cul-de-sac, representing a total investment of $15 million in real estate. He offered the YOLO Estate for $22.7 million in March 2022. For $14.8 million, a buyer may purchase simply the main residence.

Drake paid $6.7 million for a piece of property in the Bridle Path neighborhood in suburban Toronto in 2016. Of the two-acre plot, he began construction on a 50,000-square-foot home. The home includes a 10-car garage, an NBA-size basketball court, a gym, an awards room, and more. There are 3,200 square feet in the main bedroom alone.

Drake agreed to acquire British musician Robbie Williams' 20-acre Beverly Hills estate on March 8, 2022, according to reports. In an off-market agreement, Drake paid what? According to a source who talked to the Los Angeles Times, the price tag is in the mid-$70 million range. He also has a condo in Toronto's downtown area.

Drake Business Venture

Drake has promoted several big businesses throughout the years, including Sprite, Burger King, Whataburger, Nike, and Apple. He earned a $19 million exclusive deal with Apple Music when it first launched. As a result of this contract, Apple will be the exclusive first home for all of Drake's future solo releases.

Drake has promoted several big businesses throughout the years, including Sprite, Burger King, Whataburger, Nike, and Apple.
Photo Source: Instagram

Drake launched his record label, OVO Sound, in 2012, with Warner Bros. Records as a distributor. OVO Sound now represents artists such as PartyNextDoor, Majid Jordan, and Kash Doll, and producers such as Boi-1da, Future the Prince, Mike Zombie, and others, in addition to Drake.

Drake is the Toronto Raptors' "global ambassador" and throws an annual Drake Night with the team. His bourbon-based whiskey, Virginia Black, was released in 2016. In the first week after its launch, the company sold 4,000 bottles.

"Forever" Singer Drake Contracts

Universal Music Group revealed in its Q1 earnings call in May 2022 that Drake had been re-signed to a "long-term worldwide collaboration," which included everything from "recorded music to music publishing, film, television, and brands." Drake has mentioned the contract in a handful of his songs.

Universal Music Group revealed in its Q1 earnings call in May 2022 that Drake had been re-signed to a "long-term worldwide collaboration."
Photo Source: Instagram

Drake rapped about signing a deal that included "360 up front" in one tune. Some have interpreted that song to suggest that the transaction paid him $360 million upfront, based on Universal's confirmation. According to some estimates, the deal is worth $400 million or more.

Drake signed a deal with Lil Wayne's Young Money Entertainment on June 29, 2009. Young Money and its parent firm Cash Money collaborated on the record contract, with Universal Music handling distribution.