Aubrey Drake Graham popularly known as drake needs no introduction to music. He fits perfectly into the idiom that says “The famous musicians of all time are known only by their name”.
Drake, 34, is a Canadian rapper, singer, entrepreneur and actor who has an estimated net worth of $250 million from 2022.
Drake is one of the highest paid entertainers in the world who rose to fame ten years ago when he released his first hit single “Best I Ever Had” when he was just 24 years old.
After his first commercial success, no one has ever made as much money in the music business as Drake. He is indeed the true definition of a success story, coming from a Toronto lower middle class family.
Drake Net Worth: Life Before You Became a Millionaire
Before making a name for himself as a rap superstar, Drake spent 6 years as a child actor in the Canadian teen drama Degrassi: The Next Generation from 2001 to 2007.
It is estimated that Drake has earned approximately $430 million throughout his career, not including taxes and lifestyle expenses.
In the hip-hop and music industry, Drake is considered one of the most successful and powerful personalities who has worked with major stars such as Kanye West, Eminem, Jay-Z and Travis Scott.
The Early Life of Drake
Drake was born in the year 1986 in the city of Toronto, Canada. His father, Dennis, was a drummer who performed alongside other musicians such as Jerry Lee Lewis.
Drake attended a Jewish day school and later joined the Forest Hill Collegiate Institute in Toronto. His parents separated when he was five. Drakes’ father later moved to the US and he lived with his mother in a small two-story house in Forest Hill.
Drake Net Worth: His Journey to Creating a Huge Fortune
One of his friends’ fathers helped Drake land a role on the Canadian teen drama television show “Degrassi: The Next Generation” when he was just 15 years old. He played the role of basketball star Jimmy Brooks on the show.
His mother fell ill and was unable to work, so his only source of income was Degrassi’s salary of about $50,000 a year.
He once related this incident: “My mother was very sick. We were very poor as if we were broke. The only money that came in was from Canadian TV.”
Drake’s Music Career and Success
Inspired by rap icons like Jay-Z, he released his first mixtape “Room for Improvement” in 2005 and somehow managed to sell about 6,000 copies directly.
In 2010, Drake achieved great commercial success with his debut studio album, “Thank Me Later”, which was #1 in Canada and the US. It even reached number one on the Billboard 100, R&B/Hip Hop and US Rap charts.
Later in 2011 his second studio album “Greetings” was also a huge hit in many countries on various charts.
Below are seven major sources of income that have helped build his massive wealth at $250 million.
- Business: food and alcohol
- Company: Clothing
- Business: Sports
- Movie & TV
- Other business ventures
Drake posted a video to Instagram in 2019 revealing his newly acquired Boeing 767 private jet which he painted and nicknamed “Air Drake”.
Drake is the proud owner of a lavish Toronto mansion. He owns several properties in Canada and America. In March 2022, he bought a 20-acre mansion in Beverly Hills for $70 million in an off-market deal from Robbie Williams.
He reportedly owns over $100 million worth of real estate in his investment portfolio.
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