Drake’s Net Worth: How Much Does He Make in Record Deals and Concerts?

The name Drake is one of the most mentioned around the world today when you talk about hip-hop. The American rapper has released numerous super-hit tracks and albums which have broken chart records and won him millions of fans from around the world. As one of the world’s best-selling rap stars, he charted an unprecedented 27 songs on the Hot 100 in 2018, making him one of the most successful hip-hop stars in history.

Today, Drake has become one of the most bankable hip hop stars in the world and it is expected that he makes a lot of money from his record deals and the many concerts he headlines. But how much money does he really make from his record deals and concerts? What is Drake’s net worth? Find out below.

Who Is Drake?

Before he rose to become the global star he is today, Drake was born on October 24, 1986, in Toronto, Ontario, Canada, His full name is Aubrey Drake Graham. He was born to a father called Dennis Graham, and a mother identified as Sandra Graham.

Drake’s father is an African-American man who worked as a drummer with Jerry Lee Lewis, a popular country musician. On the other hand, his mother is an Ashkenazi Jewish Canadian woman who worked as an English teacher and florist. It is rumored that Drake has a sister called Raemiah.

For his high school education, Drake attended the Forest Hill Collegiate Institute in Toronto. While there, he developed a desire to become an actor and later became friends with a fellow student whose father was an acting agent. The boy’s father helped Drake get a role on Degrassi: The Next Generation, a teen drama television series in the early 2000s. Drake starred in the series from 2001 to 2007, gaining some attention in Canada.

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However, despite gaining attention with his acting, Drake decided to pursue a career in music instead, He quit the series and released a debut mixtape called Room for Improvement. The mixtape was released with less than enough fanfare as he was a newcomer in the industry. He quickly put out two more mixtapes; Comeback Season and So Far Gone. At this time, he had begun to gain some attention with his music. Finally, he got signed to Lil Wayne‘s record label, Young Money Entertainment in June 2009 and this was when he began to make a big impact in the music industry.

In 2010, Drake released his debut studio album titled Thank Me Later to very huge acclaim. In fact, the album actually debuted right at the number 1 spot on the US Billboard 200. It was also certified platinum shortly after. His second album Take Care was released in 2011 and was also very well received. It even earned him a Grammy Award for Best Rap Album. So far, he has released five studio albums, three compilation albums, two extended plays, and six mixtapes.

Drake has found immense success over the years; some of his singles have climbed to the number one spot in different countries upon their release. His fourth album, Views, even climbed to the top of the Billboard 200 and sat there for 13 nonconsecutive weeks. He has sold several million album copies around the world, recording billions of streams online, and has become one of the most beloved rap stars at the moment. Apparently, this feat has fetched him financial success in abundance. But how much money has he made? What is Drake’s net worth?

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Drake's net worth
Drake on stage

How Much Does He Make in Record Deals and Concerts?

Drake is not your average rapper; the hip hop star charges whopping sums of money to appear at concerts. According to reports, the rapper makes almost $1 million per concert and is estimated to rake in about $40 million every year. In 2016, he broke records with his tour with Future, another very famous America rapper. The tour reportedly grossed an incredible $84.3 million across 56 dates, making it the most lucrative hip-hop tour ever.

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As for his record deals, Drake is reported to have signed a contract worth $30 million with Universal Music in 1998. This includes pressing and distribution with a $3 million advance. The rapper also has other lucrative deals with top brands around the world, including deals with Apple and Nike, Kodak, plus Sprite, and Virgin America. There is no doubt about it; Drake is RICH!!!

Read Also: Top 10 Richest Rappers In The World

His Net Worth

Having had incredible success as a rapper and one of the most bankable rap stars in the world at the moment, it is expected that Drake has been able to rake in an enormous amount of money over the years. In fact, he has been declared the world’s highest-certified digital singles artist and is also one of the best selling rappers.

As at 2019, Drake’s net worth is rated at about $150 million by Forbes. This is not quite surprising, considering his status as a reigning heavyweight in the hip-hop division of music.

Samuel Daniel
Samuel Daniel
Samuel is a researcher and content creator who is deeply passionate about writing and singing. His expertise is in finance, celebrity profiles and net worth, creative writing, fictional character development, as well as article writing, revolving around exciting names in the world of entertainment, sports and business. Previously, he has worked as Sports and Foreign news correspondent, and voice-over expert with NTA as well as a reporter and deputy news editor for orientation broadcast studio. He holds a B.Sc in Mass Communications

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