The Canadian rapper and music entrepreneur is well-known not just for his top-charting albums and popular songs, but also for his opulent lifestyle and astounding array of possessions. Over the years, Drake has amassed an astonishing collection of high-end possessions and real estate holdings.
Keeping that in mind, a lot of people and his fans are often wondering about his net worth. So, what is Drake’s net worth? How much money does he have? And what exactly are his sources of income?
If you are also curious about these, you have reached the right place. That is exactly what I will be talking about in this blog. Keep reading this article till the end to learn more…
What Is Drake’s Net Worth?
Drake is a $250 million-dollar rapper, producer, and actor of Canadian descent. One of the highest-paid entertainers in the world on a consistent basis is Drake. In the beginning of his acting career, Drake made an appearance on the popular Canadian television program “Degrassi: The Next Generation.”
He would become well-known throughout the world, nevertheless, thanks to his music, which he has been writing or recording since 2006. He hasn’t stopped since 2010, when his debut studio album, “Thank Me Later,” debuted at the top of the hip-hop charts.
He has relentlessly travelled, made several appearances on awards ceremonies and music programs, and has generally concentrated on gaining as many fans as he can.
Drake’s professional earnings, before taxes and lifestyle expenses, total more than $430 million since he first achieved global recognition.
During the period of June 2017 to June 2018, Drake made $45 million. He made $95 million in total revenue in 2017. He made $75 million from June 2018 to June 2019. He made $50 million in the ensuing 12 months.
What Are The Properties That Drake Owns?
There are a number of properties that are under his name.
1. YOLO Estate
Drake, who was actually born in Canada, moved to Hidden Hills, California in 2012 after paying $7.7 million in cash to the owner of the defunct Saddle Ranch Bar in Los Angeles for an opulent property.
The property, also known as the YOLO Estate, has several homes, including a 12,000-square-foot main house and a 2,000-square-foot party house. The estate has one of Southern California’s largest privately owned swimming pools, as well as equestrian stables, a 25-seat movie theater, a full-sized basketball court, a sand volleyball court, and a court for basketball.
He has an 80-foot water slide, several waterfalls, a swim-up bar, and a grotto in the lagoon-like pool that wraps around the outside of the home.
He expanded his property in 2015 by spending $2.8 million to purchase the adjacent 1.6-acre estate. He added more space to the property in 2018 by spending $4.5 million to purchase yet another adjoining home. At the end of a cul-de-sac, his private estate now spans 6.7 acres of connected land, marking a $15 million investment in real estate alone.
2. Toronto Mansion
The mega-recording singer Drizzy’s Toronto home is particularly elegant, empowering, and empirical, and noticeably, it differs from the other homes that this famous person possesses. His estate, which he bought along with the current home for about $6.7 million, is located in one of Toronto’s most exclusive areas, Bridal Path. The house-made its music video debut in ‘Toosie Slide‘ after several years of production.
In 2016, he gave Ontario-based designer Ferris Rafauli the project to transform the outdated house into a 35000-square-foot manor. He wanted it to carry his legacy, have a gigantic scale and prodigious sense, and stay solid for years, even after he passed away, as he was building it in his hometown.
This grandeur includes a 2000 square foot garage to accommodate the 10 automobiles, a front gate that opens into a stark black and white limestone courtyard, a 35 meter-wide cul-de-sac for an easy ride for several guests, and the property has extra high gates shielding the privacy.
The home has an Olympic-sized swimming pool, a top-notch recording studio with a 1970s design, a spa, a screening room, and a massage room in addition to an indoor NBA-sized basketball court that is covered by a massive skylight.
What Is Drake’s Main Source Of Income?
The main driver of Drake’s financial success is his music profession. He has five studio albums that have all achieved enormous commercial success. With over a million copies sold in its first week, his most recent album, Scorpion, became his biggest career smash. Drake has also done a lot of touring and made millions of dollars from his most recent two global tours.
There is no denying that rapper Drake is a fantastic performer because his concerts and tours have consistently been entertaining. All across the world, notably at the Madison Square Garden and the O2 Arena, he has performed before sold-out crowds.
Drake has all he needs to succeed, as evidenced by the Aubrey & The Three Migos Tour, which was hailed as one of the most successful tours in history. Thanks to his devoted fan base for consistently attending his shows, Drake makes a ton of money from his tours and concerts.
Through endorsement partnerships with businesses like Nike, Apple, and Sprite, Drake has also profited significantly. Additionally, he has debuted his Virginia Black whiskey line as well as his October’s Very Own clothing line. All of these brands amply demonstrate how valuable Drake is in global marketplaces.
What About Drake’s Investment?
Drake is a brilliant artist, but he’s also a shrewd investor who understands how to make money work for him. His tremendous net worth, which is currently estimated to be over $250 million, is proof of this. Even after becoming famous only through his music, he still continues to amass fortune through wise investments like real estate holdings and endorsement deals (with companies like Nike).
How Does Drake Spend His Money?
Drake has put a lot of effort into building up his wealth, but his spending patterns reveal that he has a strong preference for the finer things in life.
His spending is primarily on real estate. A $7.7 million mansion in Hidden Hills, California, was purchased by Drake.
Drake has amassed a sizable collection of rare automobiles. He enjoys buying exotic and uncommon cars. He imports and has all of his vehicles customized.
He owns a Boeing 767 aircraft. He had his own logo, “Air Drake,” added to the aircraft. The plane is worth $185 million.
Jewelry is one of Drake’s great interests and another luxury expense. The owl-shaped trademark for his clothing line has been used on a lot of jewelry. Drake owns a number of individually created necklaces, each of which is valued up to $100,000.
Wrapping It Up!
In case you wanted to know how much is Drake’s net worth, I hope that this article has been of help to you. If there are any other queries related to the same, please let me know. All that you need to do is scroll down till you reach the bottom of the page, Then leave your queries and comments in the box below. Feel free to share which other celebrities you would want to know the net worth of. And I will be there with all of the answers!
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