Drake Net Worth 2023: How Rich Is the Rap Superstar

 Rapper and entertainer Drake has an estimated net worth of $250 million. Although he started his career as an actor, Drake has risen to become one of the biggest stars in hip-hop music. Here is a close look at the life of the artist born Aubrey Graham, who has left his mark on rap, R&B, and pop culture in general.

Drake performing. Image source: BBC News

Born on October 2, 1986, in Toronto, Canada. Drake, one of the richest rappers in the world, is a multitalented individual serving as a singer, rapper, actor, and entrepreneur.

Drake grew up with music in his blood. His father, Dennis Graham, was a drummer for Jerry Lee Lewis, while his mother, Sandi Sher, also hails from a very musical background, and his uncle, Larry Graham, played bass for Sly and the Family Stone.

Drake’s parents got divorced when he was five, and he was then raised by his mom.

He attended Forest Hill Collegiate, a Jewish all-white day school, and had a Bar Mitzvah at age 13. Drake also attended Vaughan Road Academy, where he was often bullied for his racial and religious background. Drake later dropped out of school but later graduated from high school at age 24 in October 2012.

Drake was raised in two neighborhoods. He lived on Weston Road in the city’s working-class west end until sixth grade, playing minor hockey with the Weston Red Wings. He then later moved to one of the city’s affluent neighborhoods, Forest Hill, in 2000, when he was in sixth grade.

Drake became an actor in 2001, at the age of 14. He got his first role in the famous Canadian teenage drama Degrassi. He dressed as Jimmy Brooks.

Drake’s net worth is estimated at $250 million. He accomplished this by being one of the best rappers in the world, an actor, an entrepreneur, and a singer.

Drake came into the limelight first in 2001, when he was cast in the Canadian teen drama series Degrassi. He played Jimmy Brooks, a popular eighth-grade basketball star who later became physically disabled. He starred in the series from 2001 to 2007, and he appeared in 145 episodes. He earned about $40,000 a year.

In 2006, Drake released his first mixtape, ‘Room for Improvement, and he managed to sell 6,000 copies. In 2007, he released another mixtape called ‘Comeback Season’.  In February 2009, Drake released his third mixtape, ‘So Far Gone’. It featured the hit single ‘Best I Ever Had’, which peaked at No. 2 on Billboard’s Hot 100 singles chart, while ‘Successful’, a collaboration with Wayne and Trey Songz, went gold and made Rolling Dtone’s ‘25 Best Songs of 2009’ list.

In 2009, he got a record deal with Lil Wayne’s Young Money Entertainment. Drake’s debut album “Thank Me Later” immediately hit #1 in Canada and the US in 2010, topping the Billboard 200 and the R&B/Hip Hop and Rap charts. With over 163 million digital singles sold, Drake tops the charts as the artist with the most digital single sales ever. He beats out second-place Rihanna by 40 million singles.

Though not as high on the list for overall album sales, Drake still secures the #80 spot with around 26 million albums sold. This makes him the third-top-selling Canadian musician behind Shania Twain and Celine Dion. Drake’s massive digital single sales, combined with his strong album numbers, cement his status as a record-breaking music icon.

Since 2010, Drake has headlined 10 major tours and co-headlined 4, consistently breaking hip-hop touring records; his 2016 “Summer Sixteen Tour” grossed over $84 million, and he and Migos broke that record by earning $80 million in 2018. Now commanding over $2 million per concert and $500,000 for a Vegas club appearance, Drake also hosts the instantly sold-out annual OVO Fest in Toronto

Drake’s net worth has soared from $1 million in 2009 to over $150 million today. Major earnings years like 2017 ($100 million) rapidly grew his wealth over the last decade as he became one of the richest rappers worldwide.

In light of this, let’s examine Drake’s’ most significant business endeavors.

Music Career

Drake earns around $50 million annually from his hugely successful music career. His 2016 album Views spent 100 weeks at #1, and he was the most streamed US artist on Spotify in 2022, with over 50 billion total streams. In 2021, Drake signed a deal with Universal Music Group, rumored to be worth nearly $400 million. He also rakes in millions from sold-out tours and concerts, cementing his status as one of the highest-paid musicians today.

Acting

Drake earned $40,000 per year acting as Aubrey Graham on the 2000s teen drama Degrassi before finding fame as a rapper.

Virginia Black Whiskey

Drake co-founded Virginia Black, a whiskey brand, with Brent Hocking, founder of DeLeón Tequila. In 2016, the brand opened its first outlets in New York, Nevada, and California. Later that year, the brand became Canada’s best-selling liquor

Toronto Raptors

Drake is the official global ambassador for the Toronto Raptors, a professional basketball team based in Toronto, Canada. He has been associated with the team since 2013 and has been instrumental in promoting the team’s image and brand.

SiriusXM

Drake launched his radio station Sound 42 for SiriusXM in 2019. The station is being used as a new platform for his show, OVO Sound Radio, which was previously on Apple Music from 2015 until 2018. Music-wise, it features songs from Drake himself, artists on his OVO label, dancehall, R&B, and more.

OVO Label

October’s Very Own, better known as OVO, is a record label founded by Drake, Noah “40” Shebib, and Oliver El-Khatib in 2012. The label has signed several artists and has released several successful albums.

Dreamcrew

Drake co-founded the management company and entertainment group, DreamCrew, in 2017. The company produces film, television, and special projects and oversees Drake’s professional career as well as his business portfolio

With an estimated net worth of $250 million, Drake is one of the richest rappers of all time. Though he started his career as an actor, Drake’s phenomenal success as a musician has made him one of the biggest stars in hip-hop. His chart-topping albums and record-breaking streaming numbers have cemented his status as a music icon. Drake’s business ventures, like Virginia Black Whiskey, have also contributed to his massive wealth. As one of the highest-paid musicians today, Drake stands out as a prime example of how far talent and determination can take you in the rap game.

If you want to learn more about the net worth of other prominent individuals, check out our articles about YouTube star Logan Paul and popular comedian Kevin Hart.