Drake is one of the most famous artists in the world right now, and with multiple platinum-selling albums and singles, he’s also one of the wealthiest. The Toronto-born star has amassed quite a wealth over his long career, which started as an actor on the Canadian show Degrassi: The Next Generation. Since then, he’s gone on to create or feature on hundreds of songs, be involved in various entrepreneurial ventures, and be endorsed by multiple companies. At the time of writing, Drake has an estimated net worth of $250 million. That’s a quarter of a billion dollars! Let’s look at how he got it.
Drake is best known for his music, and that’s how he made the bulk of his money in his early years. He quickly managed to get collaborations with better-known artists at the time, such as Eminem, Lil Wayne, and Kayne West. He must have been taking lessons from these artists on generating wealth, as they all are multi-millionaires. In fact, we’ve covered how much Kayne is worth in a previous article, and it’s well worth a read if you want to know how much money you can make from selling ugly shoes that everyone wants to buy!
Today, Drake still makes a lot of money from his music. In 2021 he made an estimated $50 million from his music alone, including album sales, Spotify streams, and iTunes downloads. This made him the fourth highest earning hip-hop artist of that year – and that’s just from his music! One thing Drake has embraced in his meteoric rise to stardom is diversification. He wasn’t happy with just making music and sticking to that; he wanted to branch out and become an entrepreneur.
So that’s exactly what he did. In 2012 he started his own record label called OVO Sound with producer Noah Shebib and his business partner Oliver El-Khatib. This allowed him to keep a higher percentage of his own music business profits while nurturing the talent of up-and-coming stars. The label has become known for creating young and exciting future stars, which earn Drake a pretty penny when they blow up.
As well as musical ventures, Drake has branched out into the world of TV and film – a natural path for someone with experience in acting. In 2017, Drake, alongside Adel “Future” Nur, founded the DreamCrew production company that has both an entertainment and a management aspect. The company is responsible for creating the television series Euphoria, one of the most popular shows on TV right now, and the sports documentary The Carter Effect, which detailed the life of Canadian basketball star Vince Carter. In 2022, Drake was one of a group of producers nominated for an Emmy for their work on Euphoria.
If that wasn’t enough, Drake also has a hand in the food industry. He is the co-owner of Fring’s Restaurant in Toronto, and in 2016 he created and released his bourbon-based whiskey called Virginia Black. The whiskey proved very successful, encouraging Drake to collaborate with Hocking to create a luxury range of champagne. He’s also invested in a vegan meat company called Daring Foods Inc. and has a minority stake in Dave’s Hot Chicken food chain.
You would think that with so many businesses on the go, he wouldn’t have time to spend any of his money, but Drake isn’t shy about spending. His favorite thing is real estate, buying a $7.7 million Tudor-style mansion in the Hidden Hills and later buying two neighboring ranches for $2.85 million and $4.5 million apiece! Drake is also a big fan of gambling, and his outrageous sports bets and roulette sessions have caught the eye of many. If you want to play like Drake (but on a smaller scale), there are plenty of online casinos worldwide, from Canada to the UK to India, with plenty of games to play. If you don’t have the bankroll of someone like Drake, you’ll want to take advantage of the fantastic offers. There are bonuses for all kinds of games, from poker to blackjack to rummy, so whichever game you play, there’s a bonus for you. You can choose from sites with no deposit, cashback, matched deposit bonuses, and many more. It all depends on what you’re looking for, but the best casino bonuses are the ones that suit your needs. We may not be able to ball like Drake, but it doesn’t mean we can’t have fun.
With Drake’s popularity at an all-time high and all the smart business decisions he’s made over the past few years, we anticipate Drake’s net worth getting higher and higher as the years go by.