Drake is perhaps the most successful mononym of the current musical generation, and he successfully stands out among the greatest musicians of all time. The 34-year-old rapper scored his first No. 1 hit with “Best I Ever Had” and has gone on to out-stream, outperform, and outsell, nearly everyone else in the industry ever since.
Even though countless artists have been around for way too long, no one can match Drake’s worldwide success, and it’s feasible that he will never be surpassed. He is the epitome of success. Understandably, Drake has amassed a fortune that puts him on par with the most successful musicians in the world. As Drake’s latest album, Certified Lover Boy, sells like hotcakes, let’s take a look at how the rapper makes his millions and has a good time doing it.
Drake Net Worth 2021
Celebrity Net Worth estimates Drake’s net worth at a staggering $200 million, compared to Forbes’ $150 million estimates from 2019. It doesn’t matter how you slice it, the rap mogul has made a lot of money. Only the hip-hop mogul and those closest to him know his exact net worth, and as he says on the Certified Lover Boy final track “The Remorse”: “Please don’t google my net worth, the numbers are way off.” So, these numbers are just the best guesses.
- Net worth: $200 Million
- Sources of income: International Tours, Music Albums, OVO Sound Label, Ambassador of Toronto Raptors.
- Highlights of his career: Scorpion(2019), Nothing Was The Same (2013), Take Care (2011), Thank Me Later (2010), and more.
How Does The ‘Kiki Do You Love Me’ Singer Makes His Millions?
Here are some income sources of Drake.
1. Live Concerts & Touring
A large percentage of Drake’s income comes from touring, as it does for any other musician. The American rapper performed over 79 live concerts while he was on tour for his debut album ‘Thank Me Later’ procuring a score of $8 Million at the box office. For his ‘Would You Like A Tour’ the artist did about the same at the box office as he did on his previous tour. On this tour, Drake performed the entire ‘Nothing Was The Same’ album, as well as the album’s greatest hit “Started From The Bottom.”
Finally, for Assassination Vacation, the rapper went on yet another overseas trip. A final tally of 285k people attended his 23 live performances, generating $33.8 million in box office revenue.
2. Business Ventures & Sponsorships
Drake founded his OVO Sound Label in 2012 and as of writing, the label has signed artists like Majid Jordan, Popcaan, dvsn, PARTYNEXTDOOR, and more. Along with its music label. the OVO brand also flexes an Internation merchandise line. It’s also been reported that the artist has also signed a $20 Million with Apple Music for OVO Sound Radio streaming rights.
Moreover, in 2013, the rapper was named the Global Ambassador for the ‘Toronto Raptors’, his favorite basketball team. Drake has partnered with a slew of well-known businesses throughout his career. Both Jordan and Nike have sponsored the rapper.
Drake And Real-Estate
Drake’s extravagant way of life includes more than just his music career and endorsements. There are reports that he owns several properties that he has turned into a profitable investment, boosting his net worth. He owns a $150 million mansion in Toronto that he bought with his own money. The massive NBA -size basketball court is the mansion’s most eye-catching element. Limestone, exotic woods, and bronze line the interiors, making for an opulent atmosphere for guests.
In addition to this, the rapper has spent a significant amount of money on lavish homes in Los Angeles and Toronto. His Los Angeles home is said to be worth $7 million. Drake owns a $6.7 million plot in Toronto as well as several condominiums.
Drake Private Jets And Cars
Musicians are known to flex their collection of sports cars, However, the American rapper is known for his private jets. According to reports, he purchased a Boeing 676 in 2019 and renamed it ‘Air Drake.’ There was a $100 million price tag on the jet itself, plus an additional $280 million in customization costs. If this doesn’t give you an idea about his fortune, I don’t know what will!
On ‘The Resistance,’ Drake boasted about his contract with Sprite, freestyling, “I spared the coke season and played for Sprite instead, that’s a word to the millions they put up.” Overall, the rapper is already among the world’s wealthiest artists at the age of 34 and is poised to join the ranks of the billionaires shortly if his current trajectory persists.
Drake is among my favorite rappers making it even harder to settle for one favorite song. Tell us about your on repeat Drake tracks and who knows we might end up exchanging playlists.