Drake is known as one of the most successful mononyms of this generation. He started off his first hit single Best I Ever in his early 20s, and since then, he has outpaced, outperformed, and earned more money than everyone else in the business.
Though Drake''s latest album will take a beating Honestly, in June 2022, he isn''t too fussy. It''s all good if you dont get it yet, he said in a recent video, addressing his critics. It''s all good. We wait for you to catch up. We are still here though.
And for anyone who wants to catch up with Drake on a financial level well, that will not be easy. All of his hit singles (10 No. 1s on the Billboards Hot 100) and massive albums (nine No. 1s, with Honestly, Nevermind establishing up to be his 10th) for the Canadian talent are just the starting point his money-making empire. Drake is also an entrepreneur who seems to be involved in nearly everything he involves himself in, and with every passing year, he seems to
Drake has a net worth that competes with the most powerful in the music industry, but where does it all come from? Lets look at all the ways Drake earns money and laughs his way to the bank.
7 Ways Drake Has Made Millions
As musicians become more popular, it is not uncommon to see them gain the most of their fortune from activities that aren''t musical. Having someone become a worldwide performer with enough capital to invest in other ventures, it becomes much easier and more efficient to make millions elsewhere (more on that later), but when it comes to Drake, it appears that he still brings home more from rapping and singing than anything else.
Drake is statistically the most successful musician of all time. According to the RIAA, he has set 163 million singles in just the United States and 25 million albums, including sales and streaming equivalents. He has previously sold dozens of platinum singles and even a diamond-certified hit, making it at least 10 million units in the United States alone. However, the worldwide number may reach 300 million or more, making him one of the most-cherished and most-streamed artists ever.
Drake, the largest music market in the world, has charted eight No. 1 hits on the Hot 100. He also holds the highest number of hits (45), the highest number of hits (122) and the most Hot 100 placements ever, and nobody is close to him in these accomplishments. He has won four Grammy nominations (out of a total of 47 nominations), as well as a string of BET Awards, the American Music Awards, and a 28 Billboard Music Awards.
Drake is recognized as a writer on all of his songs, which means he earns a royalty every time someone streames a track or whenever one of his releases is broadcast on the radio. He also collects a huge payday from Republic, one of the record labels he has signed to, whenever he deliveres a project, which is bound to make the business quite a bit of money.
Drake is known for his ability to regularly collaborate with other artists, while also giving his talents and name to his songs. This has resulted in him getting an enormous discography, and while he appears on hundreds of tracks fronted by other artists, he still charges a huge penny for a verse. However, other reports suggest that he may charge as much as $1 million for a feature, although that figure does appear to be extremely high. Other top-tier rappers like Nicki Minaj may also pay several hundred thousand
Drake has a record label and lifestyle brand called OVO Sound, which stands for Octobers Very Own. In addition to releasing the co-founders material, musicians like PartyNextDoor, Majid Jordan, Popcaan, and others are signed to the company, and it''s probable that Drake will lose all of its potential revenue.
Drake has brought in an incredible amount from performing all of those tunes for the masses, ranging from $170 million to over $200 million. Including those treks where he was featured as a featured act, his touring revenue almost doubles, and he personally brings home anywhere from hundreds to thousands each night.
Drake can be hired to perform at private events if it matches his schedule, he has a connection to the event organizer, and, of course, does not pay it. A decade ago, Drake earned a quarter of a million dollars for a private event, and that was just the beginning. In 2018, the hip-hop titan was paid just more than $1 million for a one-off performance at a new supper club in his hometown.
Drake spent no time investing all his money into a variety of businesses, including in numerous industries, including chicken to apparel. One area he has invested heavily in is the food sector, with the rapper focusing much of his money on the liquor vertical.
When Drake launched Virginia Black Whiskey in 2016, the industry recognized quickly that the product was primarily intended for a female audience, and at first, it was a huge success. A few years ago, the musician and his business partner started discovering interest in an IPO, as they sought for $30 million to spread Virginia Black around the world. However, nothing has been revealed since.
Drake once again collaborated with Brent Hocking, the same man behind Virginia Black, to develop Mod Selection, a champagne company. The first two offerings from the new label retailed for between $300 and $400, while newer products, released in 2019, go for $550 per bottle. It''s a possibility that the Grammy winner is seeing a profit or at least reason to keep investing.
Outside of alcohol, Drake has also invested his hard-earned millions in other food-related activities, including taking part in a $40 million fundraising round led by Daring, as well as putting some of his income into a local pub.
Drake met with one of the world''s largest athletic apparel brands in 2013 when he became the first artist to develop his own version of Air Jordans, which, however, became popular. However, all of this work proved tremendous, even though it''s always difficult to discern how much someone like him earns from these things.
The Drakes OVO brand has expanded its footprint into footwear, and the streetwear lines, which have all sold extremely well. In fact, there are a dozen stores in cities such as Chicago, New York, Las Vegas, Tokyo, and throughout Canada, where fans can purchase goods in real time. The name has become so popular that a collaboration between OVO and Bape was announced in 2020, putting two titans in the same space.
Drake is always a strong fan of Toronto, although much of his work is behind the scenes. In 2013, the NBA franchise announced the rapper as the new global ambassador, and he helped bring new life to the basketball team. There are also reports that he wants to one day own the entire thing.
In 2018, Drake joined a group of investors, which included mega music manager Scooter Braun, in buying an ownership stake in 100 Thieves, which at the time was one of the world''s most popular industrial areas. So, when Drake became involved, it''s net worth plummeted. Nonetheless, less than a year later, the rapper and his cohorts probably made a swift buck on the purchase.
Drake''s biggest payday came when he started producing a radio show, making the company a prominent player in the space, thanks to the Toosie Slide artists'' involvement. Despite his extensive investment, he also appeared on various channel channels and videos before making any changes to the platform, including hits like Hotline Bling, which was kept from hitting No. 1 in large part due to its exclusivity.
Drake has also made money working with companies such as Live Nation, Sprite, Kodak, Virgin Airlines, and sustainability as a service brand Aspiration for activities such as advertisements and investments. Details on how much the rapper was paid by any of these companies are secret, although it is likely to millions among them.
Drake''s massive list of industries he wants to dominate is the film and television industry. Some well-known artists who dive into this arena do so by finding a project to star in, but the chart-topping rapper is still going another way. Through his production company DreamCrew, Drake and his company have produced and co-produced films and shows, all of which have thus far been well-received by critics and audiences.
DreamCrew is expected to generate millions of dollars to make these productions a reality, and some of that inevitably goes back to Drake. He may not be earning a large amount of money right now, as things are dwindling, but Drake may one day be a force to be reckoned with, as well as a potential Emmy and Oscar winner.
Although Drake was still Aubrey Graham, he co-starred in the popular TV series Degrassi: The Next Generation, which he claimed was $50,000 per episode when he was a teenager. It was a pleasure to gain the multi-talented character, who will certainly earn hundreds of millions as his success continues.
What Is Drakes Net Worth?
Drake''s net worth was estimated to be $150 million by Forbes in 2019, but it''s worth noting that another figure from the magazine, suggesting Drake made $50 million in 2021, was off enough to make the musician laugh in emoji. On the Certified Lover Boy ending track The Remorse, Drake says, Please dont Google my net worth, and the numbers are far off.
This year, Celebrity Net Worth has raised $250 million in net worth. Of course, the rapper is a certified rich man.
This publication was originally published on September 3, 2021.