Drake is one of the best-selling artists of the 21st century, so it’s no surprise that he is also one of the richest rappers in the world. But music is not the only way the Canadian rapper earns money. This is what you need to know about Drake’s net worth and how he has become so rich.
Drake’s net worth makes him one of the wealthiest rappers in the world
Money reports that Drake – or Aubrey Drake Graham – is the fourth richest rapper in the world. Drake’s net worth is estimated at $ 100 million, a fortune he has accumulated by “mastering” releasing music for the streaming era, “Money reports. (Wealthy Gorilla puts Drake’s net amount even higher at $ 120 million.) His album More Life took the crown as the most streamed album on Apple Music in 2017. The number exceeded 3 billion streams in 2017. And Spotify reports that Drake second is the most streamed artist of all time on his platform.
GoBakingRates reports that when Drake released Scorpion in 2018, the Recording Industry Association of America announced that Drake was officially the leading digital singles artist. As The Street explains, Drake’s net worth is in the same neighborhood as that of fellow rappers LL Cool J and Eminem, each worth around $ 100 million.
Lucrative deals and investments add to Drake’s net worth
Money reports that “Drake not only earns money from his music.” He has lucrative deals with Apple and Nike, plus Sprite, Kodak and Virgin America. Drake also has a whiskey line (the Virginia Black Whiskey company, which he wants to make public) and a collective in Toronto, called Very Own, in October, with a record label and a clothing brand.
Moreover, according to Money, he has “added several other investments to his equity”, including the Toronto Raptors NBA team. Money reports that Drake allegedly ran away from co-ownership of Jay-Z and the Tidal streaming service from Beyoncé to make a deal with Apple worth $ 19 million. Since signing the deal, Apple has presented Drake in promos and even had TV and film followed.
He makes almost $1 million per concert
The Street reports that Drake is said to earn around $ 40 million a year. This is mainly because he estimates an estimated $ 1 million per concert. You’ve probably heard that musicians make more money by traveling around than by selling albums. According to Money, Drake has sold around 10 million records.
But he really broke records with his tour of 2016, with rapper Future. That tour did $ 84.3 million with 56 dates. That made it the most lucrative hip hop tour to date, Money reports. Drake even dethroned Jay-Z and Kanye West with the record-setting tour.
He spent some of his money on a house and cars
Money reports that Drake lives a luxury lifestyle. He has an $ 8 million mansion in Hidden Hills, California, where Kanye West, the Kardashians, and Justin Bieber also live. His house has a large swimming pool, a wine cellar and a tennis court. Drake has also purchased luxury cars, including Rolls Royce, McLaren and Bentley vehicles. He also owns various Rolex watches and a collection of diamond rings.