Drake’s Net Worth 2023

Drake's net worth, as estimated by Celebrity Net Worth, amounts to $250 million in 2023.

Aubrey Drake Graham, commonly known as Drake, is a highly regarded Canadian rapper, singer, and songwriter renowned for his significant influence on contemporary popular music. Drake is the offspring of Dennis Graham, a Memphis-based African-American Catholic drummer who had previously performed alongside country musician Jerry Lee Lewis, and Sandra "Sandi" Graham (née Sher), a Canadian Ashkenazi Jew who was a florist and an English teacher.

He is recognized for introducing singing and R&B elements into the hip-hop genre. Drake initially gained recognition for his portrayal of Jimmy Brooks in the CTV teen drama series Degrassi: The Next Generation (2001-2008) before transitioning to a career in music.

He released his first mixtape titled Room for Improvement in 2006, followed by Comeback Season (2007) and So Far Gone (2009) before signing with Young Money Entertainment.

Personal Information

Net Worth in 2023

As previously stated, Drake's net worth in 2023 amounted to a remarkable $250 million. In 2010, Drake's debut album, Thank Me Later, hit the music scene and promptly claimed the first position on the Billboard 200 chart. The success of his subsequent albums, Take Care (2011) and Nothing Was The Same (2013), brought him even greater commercial triumph.

In the years that followed, Drake went on to release three more albums, further cementing his popularity. Besides his music career, Drake has also dabbled in acting, and his tours and collaborations have earned him global recognition.

Drake's impressive achievements have not gone unnoticed, as he has received so many awards, including Brit Awards, Grammy awards, American Music Awards, Billboard Music Awards, among many others.

Net Worth Growth Year Wise

Sources of Income

Throughout his career, Drake has established a diverse range of revenue streams. In addition to his musical output, he has secured endorsement deals with major brands, including Sprite, Burger King, Whataburger, Nike, and Apple, the latter of which was a $19 million exclusivity deal for the initial release of his future solo projects on Apple Music.

Drake founded his own record label, OVO Sound, in 2012, which is distributed by Warner Bros. Records and represents various artists and producers. Furthermore, he has served as the "global ambassador" for the Toronto Raptors and hosts an annual Drake Night with the team.

In 2016, Drake launched his own whiskey brand called Virginia Black, which sold 4,000 bottles in the first week and an additional 30,000 units later that year. He has also embarked on several successful tours, including headline and co-headline tours with other notable musicians, and hosts an annual festival in Toronto called "OVO Fest," which routinely sells out.

Expenditure

Drake enjoys using his money to purchase private jets. In May 2019, He unveiled his recently purchased Boeing 767 private jet on Instagram, affectionately named "Air Drake" and custom painted to match his branding. In the video, Drake expressed his ownership of the aircraft, stating that he has no rental, timeshare, or co-ownership agreement with anyone. A private jet of similar quality and model can cost anywhere from $75 to $100 million.

Real Estate

Drake had established his residence in Hidden Hills, California, in 2012 when he purchased a luxurious mansion from the previous proprietor of Los Angeles' Saddle Ranch Bar for $7.7 million in cash. This estate was nicknamed the YOLO Estate.

The former owner listed the house for $27 million in 2009, but by 2012, facing a financial crisis, sold it to Drake for $7.7 million. Drake expanded his property in 2015 by purchasing the neighboring 1.6-acre estate for $2.8 million, and in 2018, spending $4.5 million to acquire yet another neighboring house. His private estate now occupies 6.7 acres of contiguous property, representing a total real estate acquisition cost of $15 million.

In March 2022, Drake listed the YOLO Estate for $22.7 million, and the primary mansion can be acquired separately for $14.8 million. Drake reportedly secured an off-market deal to purchase the 20-acre Beverly Hills mansion of British singer Robbie Williams on March 8, 2022, for a sum "in the mid $70 million," according to a source who spoke with the LA Times. Additionally, he owns a condo in downtown Toronto. In total, Drake possesses real estate assets worth at least $100 million.