Net Worth Ranker
What Is Drake’s Net Worth?
As of February 2025, Drake, the Canadian-born rapper, actor, and producer, boasts a net worth of $250 million. This substantial wealth is a result of his successful music career, acting roles, strategic business ventures, and real estate investments.
Drake’s Journey to a Quarter Billion Dollar Net Worth
Drake’s initial foray into the entertainment industry was as an actor on the teen drama “Degrassi: The Next Generation,” where he played Jimmy Brooks. While on the show, his annual salary was $50,000, which translated to roughly $2,000 per month after taxes. This income was crucial for supporting himself and his mother during a period of financial hardship.
In 2006, Drake transitioned to music, releasing his debut mixtape “Room for Improvement.” This mixtape, distributed through his website and MySpace page, sold over 6,000 copies directly. This early success laid the foundation for his future musical endeavors.
Drake’s breakthrough came with his 2009 mixtape “So Far Gone,” which featured the hit single “Best I Ever Had.” The mixtape was downloaded 2,000 times in its first hour and eventually certified Gold by the RIAA. It peaked at #2 on the Billboard Hot 100 and won the 2010 Juno Award for Rap Recording of the Year.
On June 29, 2009, Drake signed with Lil Wayne’s Young Money Entertainment, a joint venture with Cash Money and Universal Music. This deal marked a turning point in his career, propelling him to mainstream success.
Drake’s debut studio album, “Thank Me Later,” was released on June 15, 2010, and hit #1 in Canada and the US, topping the Billboard 100, R&B/Hip Hop, and US Rap charts. It was eventually certified Platinum by the RIAA.
Between June 2017 and June 2018, Drake earned $45 million. In 2017, his total earnings reached $95 million. From June 2018 to June 2019, he earned $75 million, followed by $50 million in the subsequent 12-month period.
In May 2022, Universal Music Group confirmed a “long-term worldwide partnership” with Drake, covering recorded music, music publishing, film, television, and brands. While the exact financial details remain undisclosed, some sources have speculated that the deal could be worth $400 million or more, with a potential upfront payment of $360 million.
Drake has sold more digital singles than any artist in history, with over 163 million sales. He is also the 80th highest-selling musician of all time in terms of album sales, with an estimated 26 million albums sold, making him the third best-selling Canadian musician behind Shania Twain and Celine Dion.
Drake’s annual earnings have varied over the years:
- 2010: $10 million
- 2011: $11 million
- 2012: $21 million
- 2013: $11 million
- 2014: $33 million
- 2015: $40 million
- 2016: $40 million
- 2017: $95 million
- 2018: $47 million
- 2019: $75 million
- 2020: $50 million
- 2021: $40 million
- 2022: $30 million
His total earnings from 2010 to 2022 amount to $503 million.
Drake’s Real Estate Portfolio and Assets
In 2012, Drake purchased a mansion in Hidden Hills, California, for $7.7 million in cash from the former owner of Los Angeles’ Saddle Ranch Bar. This property, nicknamed the YOLO Estate, includes a 12,000-square-foot main house and a 2,000-square-foot party house. The estate features equestrian stables, a 25-person movie theater, a full-sized basketball court, a sand volleyball court, and a lagoon-like pool with waterfalls, a swim-up bar, an 80-foot water slide, and a grotto.
He further expanded the YOLO Estate by purchasing the neighboring 1.6-acre estate for $2.8 million in 2015 and another neighboring house for $4.5 million in 2018, bringing his total real estate acquisition costs to $15 million.
In March 2022, Drake listed the YOLO Estate for $22.7 million, with the option to buy the primary mansion for $14.8 million. In April 2022, NFL star Matthew Stafford paid $11 million for two of the three estates that made up the YOLO Estate. In July 2022, the third parcel was sold for $12 million.
In 2016, Drake spent $6.7 million to buy a plot of land in The Bridle Path, a suburban area in Toronto. He built a 50,000-square-foot mansion on the two-acre property, featuring a 10-car garage, a regulation-size NBA basketball court, a gym, and an awards room. The master bedroom alone is 3,200 square feet. He also owns a condo in downtown Toronto.
On March 8, 2022, Drake purchased Robbie Williams’ 20-acre Beverly Hills mansion for $75 million in an off-market deal. He purchased the home through a corporate entity called 11Kip, LLC, with a $52.5 million mortgage from Bank of America, putting down $22.5 million in cash. In May 2023 and again in May 2024, he listed the home for $88 million. In January 2025, he also offered it as a rental for $250,000 per month.
In October 2023, Drake acquired a 313-acre property in Texas, formerly known as The Inn at Dos Brisas, now known as Dos Brisas Ranch, for $15 million. The estate, which was previously a resort, includes various amenities and structures.
In May 2019, Drake revealed his newly-acquired Boeing 767 private jet, dubbed “Air Drake,” estimated to be worth between $75 million and $100 million. Drake stated that he owns the jet outright, with “no rental, no timeshare, no co-owners.”
Drake’s Business Ventures and Endorsements
Drake has several business ventures that add to his net worth. Over the years, Drake has endorsed major brands, including Sprite, Burger King, Whataburger, Nike, and Apple. When Apple Music launched, Drake signed a $19 million exclusivity deal, giving Apple exclusive rights to his solo releases.
In 2012, Drake formed his own record label, OVO Sound, distributed by Warner Bros. Records. OVO Sound represents artists such as PartyNextDoor, Majid Jordan, and Kash Doll, and producers such as Boi-1da, Future the Prince, and Mike Zombie.
He is also the “global ambassador” of the Toronto Raptors, hosting an annual Drake Night with the team.
In 2016, Drake launched Virginia Black, his own brand of bourbon-based whiskey, which sold 4,000 bottles in its first week and shipped an additional 30,000 units later that year.
