Is Drake a Billionaire in 2024?

Aubrey Drake Graham aka Drake is a Canadian actor, rapper, and music producer. Drake is a four-time Grammy Award-winning musician. He is also one of the highest-earning musicians in the world. He is also known for his appearance in the teen drama series Degrassi: The Next Generation.

Due to Drake’s luxurious lifestyle and lavish spending habits, it is often asked that Is Drake a Billionaire?

Well, Drake is not a billionaire yet. Although Drake is one of the richest musicians in the world, he hasn’t touched the billion-dollar milestone yet. It is expected that he will be a billionaire soon as his income is increasing rapidly.

Drake’s Net Worth

Although Drake is not a billionaire, he is quite rich having a net worth of $200 million. Drake’s net worth is mainly contributed by the earnings of his rap album. He transitioned the rap album earnings into a business empire.

Now, he got himself involved in multiple business ventures OVO Sound, Apple Music, Dream Crew, 100 thieves, Nike, and so on besides rapping.

How Drake accumulates his millions?

Well, let’s take look at Drake’s sources of income

Rapping

Drake released his first album Thank Me Later in 2010 which was a massive breakthrough in his career. With the release of the album, he became a superstar overnight. The album was number #1 on the Billboard 200 and sold 447,000 copies in the first week.

Drake released his second album in 20111 which also received critical and commercial success. It was platinum certified and #1 in both the USA and Canada. Soon a strong fan base was built and Drake became extremely popular and one of the highest-paid entertainers in the world.

Drake’s next releases…

Nothing Was the Same (2013)
If You’re Reading This It’s Too Late (2015)
Views (2016)
More Life (2017)
Scorpion (2018)
Dark Lane Demo Tapes (2020)
Certified Lover Boy (2021)

Drake is also one of the highest (80^th) selling musicians of all time. It is estimated that a total of 80 million copies of his album have been sold. Drake has sold the highest number of digital singles in history.

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OVO Sound

Drake founded OVO Sound in 2012 with Noah James Shebib and Oliver El-Khatib. OVO Sound is a record label that is distributed by Warner Records. OVO sound houses reputed artists like Drake, PartyNextDoor, Majid Jordan, Roy Woods, and dvsn.

DreamCrew

In 2017, Drake founded DreamCrew with Adel “Future” Nur in Canada. DreamCrew is a production company that features both management and entertainment. DreamCrew is best known for producing popular TV series like Euphoria and Top Boy.

It also has produced a couple of Films and TV series for popular entertainment media like Netflix, HBO, RLJE Films. Drake receives a decent revenue for DreamCrew every year.

100 Thieves

In 2018, Drake made a big investment in the gaming industry. He purchased equity ownership of the lifestyle brand and gaming organization 100 Thieves, LLC. As of the writing, the stake is worth $125 million.

Collaboration with Apple

In 2015, Drake made a collaboration with the tech giant Apple Inc. A contract worth an estimated $15 million was signed between Drake and Apple Inc. to release all his solo songs first on Apple Music before any other media.

Endorsements

As being a superstar musician, Drake was offered a good number of endorsement deals and Drake made a decent amount of money from endorsements.

He endorsed world-famous soft drink company Sprite, fast food restaurants Burger King, Whataburger. In 2016-17, Drake made $94 million before taxes from business and endorsements.

Drake is the global ambassador of the Toronto Raptors. Toronto Raptors is a Canadian basketball team that competes in the National Basketball Association (NBA). Drake promotes the franchise and their clothing lineup and also hosts a “Drake Night” program for the franchise members annually.

In 2013, Drake collaborated with the American multinational corporation Nike and Air Jordan and signed a deal. Drake released his own Air Jordan lineup.

Other ventures

In 2020, Drake made a partnership with the Japanese clothing brand A Bathing Ape and released an exclusive OVOxVAPE collection. He also invested in the candle manufacturer company Revolve.

Drake is also associated with the Virginia Black, a whiskey brand. He promotes this brand and its marketing through his music and tours. He also invested in the food chain franchise Dave’s Hot Chicken in California.