These days rappers are earning well. We are talking about one of the top-earning artists in the world right now who always remains in the limelight for different reasons, Drake. He has made a good wealth out of the songs. 

Let’s know the Drake Net Worth in 2024. So Stay tuned to the end.

 

 

How Did Drake Start?

Since childhood, he has been interested in rapping but didn’t know where and how to start. His full name is Aubrey Drake Graham. He started with the TV show Degrassi: The Next Generation. But he wasn’t very interested in acting as much, even though he got good popularity through this show.

The change came in the year 2006 when he released his first mixtape Room for Improvement. It wasn’t a big success but he got noticed in the eyes of music producers. The big break came in the year 2009 through the debut album Thank Me Later when he signed with Lil Wayne’s record label (Young Money Entertainment). This album was a massive hit and he finally arrived in the music arena.

 

 

Where Does Drake’s Money Come From?

1. Music: 

It is his primary source of income. He has released several albums which have been popular worldwide if we count the selling copies. These albums include from Take Care to Nothing Was the Same to Scorpion. He also earns a lot of money through these streaming platforms like Spotify and Apple Music. He charges a good amount per song. 

 

2. Concerts and Tours:

This is the second earning source that provides a huge amount in the net worth. He just sells out the stadiums whenever he does any concerts or tours. His fans are willing to pay dollars to see him performing live. If we see around the world’s highest-grossing tours ever then Aubrey and the Three Migos of 2018 comes in the list which grossed over $100 million.

You can imagine the amount of money he has earned over the years through several tours. We know this 100 million dollars won’t go directly to his account but he sure has earned a big share from that.

 

3. Merchandise:

This is his third source of income which pays him a large amount. The merchandise business involves from clothing to hats with Drake’s logo. Fans remain very eager to buy all of these just because they have a sense of believability in their favorite artists. He gets a commission every single time when a fan buys his merchandise.

 

4. Endorsements:

See the logic is simple, the more popular the brand name, the more brands will come to promotion. He has signed many endorsement deals with some of the popular companies from Nike to Apple to Sprite over the years. These companies pay a good amount to him.

If you want to know the numbers then know this, Apple Music paid him around $19 million for a brand promotion. This has been an easy way for him to earn money and why wouldn’t he earn it? Here, he doesn’t have to step into a recording studio or do any kind of labor of writing a song.

 

5. Investments:

Whenever a person gets sufficient money for their survival then they think of doing different kinds of investments so that they can have a good amount of return in the future. He also does this from investing in tech startups to the stock market. These investments help him grow his total wealth even when he is not working. This is the best passive income. 

Read About Ice Spice Net Worth here.

 

 

Drake’s Business Ventures

These listed below are some of his business ventures through which he earns. Let’s understand one by one. 

1. OVO Sound

He founded his own record label in the year 2012. Majid Jordan and PARTYNEXTDOOR are some of the successful artists who have signed with his label. He is earning through the music of the signed artists of his label. He is the boss and now if he doesn’t make it for some time then he doesn’t have to worry about money which has been coming through several other sources.

 

2. October’s Very Own (OVO) Brand

It is a lifestyle brand including clothing. Now it has grown a lot from selling accessories to headphones. Fans buy these items to flex within their groups like they have customized Drake’s brand things which is not so common to get. This brand is popular and adds a good amount of money to his bank account.

 

3. Real Estate

He likes to invest in real estate. He has bought one of the most famous properties in the world YOLO Estate in Hidden Hills, California. Its worth is in millions. He also owns a big mansion in Toronto which is known as The Embassy. He knows very well that real estate is one of the smart investments and thus he does more often than not. 

Drake Total Net Worth – $250 Million (2024)

 

 

The Impact of Legal Issues on Drake’s Net Worth

He has had some legal issues. One of the most notable cases was the 2017 lawsuit which happened with the song Pound Cake/Paris Morton Music 2. It was a jazz musician who sued Drake for using his sample of music without their permission. Although the case got settled outside the court but it did cost a lot to Drake. This has had a legal hiccup on his overall net worth but he has this significant amount of wealth which doesn’t get affected much by these minor setbacks.

 

Drake’s Philanthropy: Giving Back

He is known to give back to the community because he knows from where he comes and how much he struggled in his initial days. He has donated millions of dollars to different causes from healthcare to education to disaster relief. One of the most famous charities he did was back in 2018 when he filmed the music video for God’s Plan. He nearly gave away $1 million dollar to the people who were in need instead of flashing the money on the music video.

He has done some good work by paying tuition fees for people and donating to the schools. His philanthropy shows that he is a good-hearted person and doesn’t focus much on making money. 

Read About 100 Best Songs of Drake here.

 

To Sum Up:

It is time to sum up about Drake Net Worth where we have talked about many things from his earning sources to what kind of investments he makes. He has proved over the years that talent and hard work are the key factors if you want to achieve success. Basically he has built an empire for himself where fans around the world listen to his music.

That’s it for now. Thanks for reading.