Drake Net Worth

Aubrey Drake Graham, known professionally as Drake, was born on October 24, 1986, in Toronto, Ontario, Canada. He is a multi-faceted artist, recognized globally as a rapper, singer, songwriter, record producer, and actor. Drake's parents divorced when he was five, and he was raised primarily by his mother in Toronto's wealthy Forest Hill neighborhood. His father, a drummer, lived in Memphis. Drake's early exposure to music came through his father and uncle, Larry Graham, the bassist for Sly and the Family Stone. As a child, Drake attended Forest Hill Collegiate Institute and later Vaughan Road Academy, where he faced bullying due to his mixed-race and religious background. At 15, he landed a role on the Canadian teen drama series 'Degrassi: The Next Generation,' playing Jimmy Brooks for seven years. This early acting career provided him with financial stability and fame in Canada. Drake's music career began with mixtapes, releasing 'Room for Improvement' in 2006, followed by 'Comeback Season' in 2007. His breakthrough came with the mixtape 'So Far Gone' in 2009, which led to a record deal with Lil Wayne's Young Money Entertainment. His debut studio album 'Thank Me Later' was released in 2010, debuting at number one on the US Billboard 200. Drake has since released numerous critically acclaimed and commercially successful albums, including 'Take Care' (2011), 'Nothing Was the Same' (2013), 'Views' (2016), and 'Scorpion' (2018). Known for his introspective lyrics, melodic rapping, and singing, Drake has earned multiple Grammy Awards and holds several Billboard chart records. He is often referred to by nicknames such as 'Drizzy,' '6 God,' and 'Champagne Papi.' Drake is also known for his entrepreneurial ventures, including his OVO Sound record label and clothing line. He has a son, Adonis, born in 2017, with French artist and former model Sophie Brussaux.

Drake's wealth primarily stems from his highly successful music career, which includes album sales, streaming royalties, and lucrative world tours. His 'Aubrey & the Three Migos Tour' in 2018 grossed $79 million. Beyond music, Drake has diversified his income through various business ventures. He founded the OVO (October's Very Own) brand, which includes a clothing line, record label, and radio station. Drake has lucrative endorsement deals with major companies such as Apple, Sprite, and Nike. He has invested in tech companies and startups, including the sports betting platform DraftKings and the financial services app Wealthsimple. Drake also has a partnership with Virginia Black whiskey and has invested in several restaurants. His acting career, although not as prominent as his music, still contributes to his income through residuals from 'Degrassi' and occasional film appearances. Drake has also ventured into content production, signing a $19 million deal with Apple Music in 2015 for exclusive content.

Drake's net worth of $250 million is a result of his diverse income streams and savvy business acumen. His primary source of wealth remains his music career, with income from album sales, digital downloads, and streaming royalties forming a substantial base. Concert tours are a significant contributor, often grossing tens of millions of dollars. The OVO brand has become a notable asset, with the clothing line particularly successful, likely generating millions in annual revenue. Endorsement deals provide a steady influx of income, with Drake's partnerships often being multi-year, multi-million dollar agreements. His investments in tech companies and startups represent potential for significant future growth, although they likely tie up a portion of his liquid assets. Real estate is another key component of Drake's wealth portfolio; he owns a $100 million mansion in Toronto and properties in Hidden Hills, California. These assets not only provide luxury living but also appreciate in value over time. Drake's expenditures include a lavish lifestyle, private jet travel, and high-end cars, which, while significant, are offset by his continual income streams. His child support obligations, while private, are likely substantial given his wealth. Drake's financial management appears to be strategic, balancing liquid assets for immediate use with long-term investments and physical assets for wealth preservation and growth. His continued relevance in pop culture and music ensures a steady income stream, while his business ventures provide diversification against potential fluctuations in the music industry.