According to multiple sources, including Forbes, Drake has a net worth of $180 million.
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How Much is Drake Net Worth?
Drake is a Canadian rapper, singer, songwriter, record producer, and actor. He is one of the world’s best-selling music artists, with more than 170 million records sold worldwide. His music has won him numerous awards, including four Grammy Awards, six American Music Awards, thirty-seven Billboard Music Awards, and three Juno Awards. Drake has also broken several records, including the most number one hits on the Billboard Hot 100Chart by a solo artist.
So, how much is Drake net worth? Drake’s net worth is estimated to be $180 million as of 2020. This includes his record sales, touring revenue, merchandise sales, real estate holdings, and other business ventures.
How Drake Made His Money
Drake is a rapper, singer, actor, and producer who has a net worth of $180 million. He was born in 1986 in Toronto, Canada, and first became known for his role as Jimmy Brooks on the soap opera Degrassi: The Next Generation. He left the show in 2007 to pursue a career in music and released his debut album in 2010. He has since released five studio albums, with the most recent one being 2018’s Scorpion. He has also had numerous hit singles, including “Hotline Bling” and “In My Feelings.” In addition to his music career, Drake has also appeared in films and television shows such as Ice Age: Continental Drift and Saturday Night Live.
Drake’s Music Career
Drake is a Canadian rapper, singer, songwriter, record producer, actor, and entrepreneur. He is one of the world’s best-selling music artists, with records sold in over 170 countries. Born in Toronto to an African-American father and a Jewish Canadian mother, Drake grew up in forest Hill—an affluent and predominantly Jewish neighborhood in Toronto. He first gained notoriety for starring in the Canadian teen drama television series Degrassi: The Next Generation (2001–2007), where he played Jimmy Brooks, a wheelchair-bound character assimilating into high school after suffering a gunshot wound.
Drake’s Acting Career
Drake’s acting career began in 2001 with a role in the Canadian television series Degrassi: The Next Generation. He played Jimmy Brooks, a basketball star who became physically disabled after he was shot by a classmate. Drake appeared in 109 episodes of the show over seven seasons, until his character graduated from high school in 2007. In 2009, Drake made his feature film debut in Away from Home, and also had roles in Assault on Precinct 13 (2005) and Stallion: Spirit of the Cimarron (2002).
Drake’s Business Ventures
Drake is not just a successful rapper, but he’s also made some savvy business moves that have earned him millions. From his investment in the Toronto Raptors to his partnership with Nike, Drake is estimated to be worth $150 million. Here’s a look at some of the biggest factors contributing to Drake’s net worth.
Drake’s Business Ventures
Drake has his hands in many different business ventures that have helped him earn his massive fortune. In 2013, he invested in the Toronto Raptors and helped launch their “Global Ambassador” program. He’s also a partner in the sports management company Octagon, and has endorsement deals with Nike, Sprite, and Apple Music. In 2016, Drake launched his own bourbon whiskey, Virginia Black. And most recently, he teamed up with tech startup Coinbase to promote Bitcoin and cryptocurrency trading.
Drake’s Music Career
Of course, Drake’s music career is still his biggest source of income. He’s sold over 7 million albums and over 100 million singles worldwide. His album Views was certified diamond by the RIAA, making it one of the bestselling albums of all time. And his singles “Hotline Bling” and “God’s Plan” both topped the Billboard Hot 100 chart. In recent years, Drake has also been earning big bucks from his live performances. He reportedly made $1 million per show during his “Would You Like a Tour?” concert series in 2013, and raked in $47 million from his “Summer Sixteen” tour in 2016.
Drake is a Canadian rapper, singer, songwriter, producer, actor, and entrepreneur. He is currently signed to Lil Wayne’s record label Young Money Entertainment. Drake’s net worth is estimated to be $100 million as of 2020. In addition to his music career, he has also made lucrative investments in startups like the online music streaming service Tidal and the social media platform Reddit.
In 2019, Forbes reported that Drake’s net worth was approximately $150 million. The majority of this amount is earned through endorsements and touring.
Drake’s most lucrative deal is with Apple Music. He signed a deal in 2015 that pays him $20 million upfront and $5 million per year. In addition to Apple, Drake has endorsement deals with Nike, Sprite, and bourbon maker veins Calvert-Woodley. His estimated earnings from these deals total around $15 million annually.
Touring is also a big source of revenue for Drake. In 2016, he grossed $1.7 million per city on his Summer Sixteen Tour. He then went on to gross over $4 million per city on his Boy Meets World Tour the following year.
Drake’s Charity Work
Drake is one of the world’s most popular rappers, and he has also done a lot of work to give back to the community. Here are some of the ways that Drake has given back:
-Drake has donated money to various charities, including the Make-A-Wish Foundation, music education charity Little Kids Rock, and the Toronto Raptors Foundation.
-In 2017, Drake helped to raise over $200,000 for an Toronto hospital by auctioning off a pair of his sneakers.
-Drake has also mentor young people through his work with the OVO foundation.
What Drake spends his money on
Drake is one of the richest rappers in the world, with an estimated net worth of $180 million. He’s come a long way since his humble beginnings as an actor on Canadian TV show Degrassi: The Next Generation. Today, Drake is one of the biggest names in music, and he has the bank balance to match.
But what does Drake spend all his money on? Here are some of the rapper’s most lavish purchases:
-A $100,000 golden toilet
-A $6 million Beverly Hills mansion
-A private jet, which costs around $200,000 per hour to operate
-A $750,000 diamond-encrusted watch
As you can see, Drake isn’t shy when it comes to spending his hard-earned cash. But he also doesn’t seem to be afraid of giving back, as he regularly donates to charitable causes.
How Drake’s net worth could change in the future
Drake’s net worth is estimated at $180 million, but it could go up or down in the future depending on a number of factors. For example, if he released another multiplatinum album or went on a successful world tour, his net worth would likely increase. However, if he experienced a drop in popularity or was involved in a scandal, his net worth could decrease.