Aubrey Drake Graham, known to the world simply as Drake, has climbed the ranks to become one of hip-hop’s wealthiest icons.
But just how rich is he? We’re peeling back the curtain to reveal the staggering figures behind Drake Net Worth.
Drake Net Worth
Drake, the Canadian-born actor, producer, and rapper, has an impressive net worth.
As of 2024, his net worth is estimated to be $250 million.
He is known for being one of the highest-paid entertainers in the world.
His wealth comes from various sources, including his music career, tours, and business ventures.
Album Sales
Drake’s album sales have significantly contributed to his net worth.
As of 2023, Drake has sold over 42 million albums worldwide, with his best-selling album being “Views,” which sold over 7.6 million copies.
His album sales in the United States alone account for 34.6 million, and in the United Kingdom, they total 3.8 million.
Concerts and Tours
Drake’s concerts and tours have been a significant factor in boosting his net worth.
His recent ‘It’s All A Blur Tour’ in 2023 reported massive earnings, with $41,195,428 in revenue from just nine shows.
This averages to about $4,577,270 per show.
The tour included 55 concert dates across North America, and the average ticket price was reported to be $284.04.
Moreover, Drake’s history of touring has been marked by record-breaking earnings.
For instance, his ‘Aubrey & The Three Migos Tour’ grossed $110 million, making it one of the highest-earning tours ever.
Overall, Drake has grossed $472.9 million from over 300 tour shows, which have been attended by 3.9 million fans.
These tours not only contribute directly to his income through ticket sales but also enhance his brand value, leading to more lucrative endorsement deals and business opportunities.
Business Ventures
Drake’s diverse business ventures have significantly bolstered his net worth.
As the global ambassador for the Toronto Raptors since 2013, he’s boosted both the team’s profile and his own brand.
His record label, OVO Sound, founded in 2012, has been pivotal in launching artists’ careers, and its expansion into clothing and festivals has diversified his revenue streams.
The launch of his SiriusXM radio station, Sound 42, has opened new avenues in media.
His management company, DreamCrew, extends his influence into film and television production.
Additionally, his whiskey brand, Virginia Black, has been a lucrative addition to his portfolio, enhancing his wealth through robust sales and strategic partnerships.
Acting and Merchandise
Drake’s early acting career, particularly his role on the Canadian TV show “Degrassi: The Next Generation,” provided him with a steady income during his teenage years.
While the exact figures from his acting career are not publicly disclosed, it is known that his time on “Degrassi” earned him about $50,000 annually, which helped support his family.
In terms of merchandise, Drake has leveraged his brand to sell a wide range of products, from clothing to accessories.
His OVO (October’s Very Own) brand has been especially successful, with its clothing line and collaborations with major brands like Nike.
Universal Music Group Contract
Drake’s contract with Universal Music Group (UMG) has been a major boost to his net worth.
In 2021, he signed a massive, multi-faceted deal with UMG, which was described as “Lebron-sized” due to its significant value.
The deal is reportedly worth around $400 million and includes recordings, publishing, merchandise, and visual media projects.
This contract is one of the biggest deals in music history and positions Drake among the highest-paid artists in the industry.