Drake Net Worth: $250 Million
Drake is a renowned Canadian actor, producer, and rapper who has achieved remarkable success in the music industry. With a net worth of $250 million, he is consistently ranked among the highest-paid entertainers globally. In this article, we will explore Drake’s journey from his early days as an actor to becoming a household name in the music world.
Early Life and Career Beginnings
Date of Birth: Oct 24, 1986 (36 years old) Place of Birth: Toronto Gender: Male Height: 6 ft (1.83 m) Profession: Actor, Singer, Songwriter, Rapper, Voice Actor, Composer, Record producer Nationality: Canada
Drake, whose real name is Aubrey Drake Graham, was born on October 24, 1986, in Toronto, Canada. His father, Dennis Graham, was a drummer who played with notable musicians like Jerry Lee Lewis, while his mother, Sandra Graham, worked as an English teacher and florist. Drake attended a Jewish day school and had a formal Bar Mitzvah celebration.
During his childhood, Drake’s parents divorced, and his father moved to Memphis, where he faced legal issues due to drug charges. Despite the challenges, Drake found solace in music and developed a passion for acting and singing while attending Forest Hill Collegiate Institute. However, his journey to stardom began with a significant opportunity in the entertainment industry.
Rise to Fame: “Degrassi” and Musical Pursuits
At the age of 15, Drake’s acting career took off when a friend’s father, an acting agent, helped him secure a role on the popular Canadian teen drama television show, “Degrassi: The Next Generation.” Drake portrayed the character of Jimmy Brooks, a basketball star who became disabled after being shot by a classmate. He appeared on the show for seven seasons and gained recognition for his talent.
While acting on “Degrassi,” Drake’s mother fell ill, and their family faced financial difficulties. His earnings from the show became their primary source of income, earning around $50,000 per year. However, Drake’s aspirations extended beyond acting, and he began releasing mixtapes independently, inspired by rap icons such as Jay-Z.
In 2006, Drake released his first mixtape, “Room for Improvement,” followed by “Comeback Season” in 2007. The latter featured the hit underground single, “Replacement Girl,” which caught the attention of Lil Wayne, a prominent figure in the music industry. Lil Wayne invited Drake to join his Tha Carter III tour, where they collaborated on several songs.
Signing with Young Money Entertainment
Drake’s mixtapes garnered significant attention within the music industry, resulting in a bidding war among various record labels to sign him. In 2009, he released his third mixtape, “So Far Gone,” which achieved great success, eventually earning a Gold certification from the RIAA. The mixtape’s popularity propelled Drake’s career to new heights, and in June 2009, he signed a contract with Lil Wayne’s Young Money Entertainment.
Under the joint venture between Young Money, Cash Money, and Universal Music, Drake’s debut studio album, “Thank Me Later,” was released in 2010. The album achieved tremendous success, reaching the top of various charts and receiving Platinum certification from the RIAA. This marked the beginning of Drake’s mainstream success as a rapper and solidified his position in the music industry.
Musical Achievements and Earnings
Drake’s success continued to soar with subsequent studio albums, including “Take Care” (2011), “Nothing Was the Same” (2013), “Views” (2016), and “Scorpion” (2018). These albums produced numerous chart-topping hits, including “Hotline Bling,” “One Dance,” “God’s Plan,” and “In My Feelings.” Drake’s unique blend of rap, R&B, and pop music resonated with audiences worldwide, earning him a massive fan base.
Throughout his career, Drake has received numerous accolades and achievements. He has won four Grammy Awards, including Best Rap Album for “Take Care” and “Views.” He has also received multiple Billboard Music Awards, BET Awards, and American Music Awards. With over 170 million records sold worldwide, Drake is undoubtedly one of the best-selling music artists of all time.
Apart from album sales and streaming numbers, Drake’s earnings come from various sources. He has embarked on several successful concert tours, including the “Club Paradise Tour,” “Would You Like a Tour?,” and “The Boy Meets World Tour.” These tours have generated significant revenue, contributing to his overall net worth.
Drake has also ventured into business and entrepreneurship. He co-founded the record label OVO Sound and the clothing brand October’s Very Own (OVO). OVO has become a prominent fashion brand, collaborating with notable companies like Jordan Brand and Canada Goose. Additionally, Drake has endorsement deals with companies like Apple, Nike, and Sprite, further adding to his wealth.
Philanthropy and Personal Life
Despite his immense success, Drake has remained grounded and actively involved in philanthropy. He has donated millions of dollars to various causes and organizations. In 2018, he made headlines when he gave away nearly $1 million in the music video for his song “God’s Plan,” distributing funds to individuals and organizations in need.
In his personal life, Drake has been relatively private. He is known for his close relationships with his family and has referenced them in his music. Drake became a father in 2017 when it was revealed that he had a son named Adonis. He has embraced fatherhood and often shares pictures of his son on social media.
Drake’s journey from a young actor on “Degrassi” to becoming a global music sensation is a testament to his talent, hard work, and dedication. With his distinctive style and catchy melodies, he has captured the hearts of millions of fans worldwide. Alongside his successful music career, Drake has ventured into business and philanthropy, further solidifying his impact.
As of now, Drake’s net worth is estimated to be $250 million, making him one of the wealthiest entertainers in the world. With his continued success and ventures in various industries, it’s clear that Drake’s influence and legacy will extend far beyond his music.