Drake Bell is an American actor, singer/songwriter, multi-instrumentalist, and producer. After filling for bankruptcy in 2014 Drake Bell’s net worth was negative (-)$600,000. Like most bankrupt celebrities, Drake would be far richer if he made shrewd financial decisions, and behaved more responsibly, as a matter of fact, The Nickelodeon star was once worth over $3 million. However, it’s been years since he filled for bankruptcy and the former child star have embarked on various endeavors to get him back on his feet, but is it really working out? Here’s a look at his rise to fame and wealth as well as his financial setback.

Drake Bell Net Worth: The Dawn

Jared Drake Bell was born on June 27, 1986 in Newport Beach, California. He is the youngest child from a family of 5. His mother Robin Bell now Robin Dodson is a professional pool player and Hall of Famer. According to Drake’s own words the idea of becoming an actor was first suggested to him by his dad, Joe Bell when he was just 5 years old. Bell immediately began his entertainment career, appearing in commercials for brands including Whirlpool Appliances and later in 1999 for Pokémon Red and Blue.

In 1994 at the age of 8, Bell made his debut TV show appearance on Tim Allen’s Home Improvement. Bell went on to land minor roles in movies including the Academy Award-winning “Jerry Maguire” alongside Tom Cruise and made-for-TV movie “The Jack Bull”. For the later, he received a Young Artist Award nomination.

Drake Bell Net Worth

Drake Bell Net Worth: Hollywood Career Breakthrough

Drake Bell’s acting career was going very smooth and it wasn’t long before he got the dream of every budding actor- his big break. Drake in 1999 became one of the performers on Nickelodeon’s sketch comedy and variety show “The Amanda Show” together with his real life best-friend Josh Peck. Thanks to the popularity and high ratings of the show which ended in 2002, the network granted the best friends their own eponymous spin-off titled Drake & Josh which easily became his signature role.

Drake & Josh premiered on January 2004 to favorable ratings and went on to last for 4 seasons and 57 episodes ending in September 2007. During his time on the show, Drake Parker, his character on the Drake & Josh series made guest appearances on other equally popular Nickelodeon series like “iCarly”, “Zoey 101”, “Victorious” and “All That”. Drake & Josh produced two made-for-TV films Drake & Josh Go Hollywood (2006) and Merry Christmas, Drake & Josh (2008). Bell also starred in Nickelodeon’s movie series The Fairly OddParents and voices Peter Parker on Disney XD’s animated series Ultimate Spider-Man.

Drake Bell Net Worth

Drake Bell Net Worth: Music Career

In addition to acting, Drake Bell also developed interest in music and began playing the guitar at the age of 12. He kicked off his music career while appearing on his TV show. Drake in 2005 wrote and recorded the opening theme song for Drake & Josh titled “Found A Way”. A year later in 2005 he independently released his debut studio album “Telegraph” which was re-released in 2007 as it ran out of print. Drake wrote 11 out of the album’s 12 tracks. He signed with Universal Motown Records releasing his second album “It’s Only Time” in 2006. The album peaked at #81 on the Billboard 200 and has sold over 180,000 copies in the United States.

Drake made about $800,000 from the sales of his first, two albums. His third studio album Ready Steady Go was released in 2014 under Surfdog Records. Most of Drake’s music has been featured on soundtracks of the Nickelodeon series he stars.

A pool accident in early 2015 at his brother’s birthday party left Drake with a broken wrists which threatened his music career as doctors said he may never be able to play the guitar anymore. Fortunately, his wounds healed and he began playing again in May 2015.

Drake Bell Net Worth

Drake Bell Net Worth: Bankruptcy and Recent Endeavors

In 2014, Drake Bell filled for bankruptcy in California, stating about $600,000 in debt. Drake claimed he only makes $2,800 per month against a monthly expense of $19,000. He also said that while he made $400,000 throughout 2012, his annual income plunged to a mere $14,000 in 2013. Following the bankruptcy, his 2,640-sq-ft Los Felizz mansion which he bought in 2007 for $2,050,000 was seized in foreclosure as he still owed $1.6 million in mortgage. In attempts to find his way again, Bell has been touring Mexico and US, however, his behavior may well impede whatever success plans he has. The actor was arrested yet again for DUI in January 2016- the second time in 10 years, as a result, he could face jail time. It appears Drake Bell is a long time away from Ready Steady Go!

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