Drake Net Worth 2024: Updated Wealth Of The Megastar Rapper

BYJake Skudder20.2K Views
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ATLANTA, GA - MAY 07: (EXCLUSIVE COVERAGE) Drake attends a Party at Empire on May 7, 2018 in Atlanta, Georgia. (Photo by Prince Williams/WireImage)
Discover Drake's impressive net worth in 2024, exploring factors like album sales, tours, endorsements, and business ventures.

Drake, a Canadian rapper, singer, songwriter, and actor, has enjoyed tremendous success throughout his career. Drake's net worth can be attributed to his music sales, concert tours, endorsements, and business ventures. Let's dive deeper into the factors that have contributed to Drake's impressive net worth.

Drake Net Worth

As of 2024, Celebrity Net Worth estimates that the rapper is worth around $250 million, making him one of the wealthiest hip-hop artists globally.

Album Sales And Streaming

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Drake's music has consistently topped the charts since the release of his debut studio album, Thank Me Later, in 2010. With multiple platinum-certified albums, including Take Care, Nothing Was the Same, and Views, he has amassed substantial wealth from album sales and streaming royalties. Drake is also one of the most streamed artists on platforms like Spotify and Apple Music, which has contributed to his net worth.

Concert Tours And Live Performances

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A significant portion of Drake's net worth comes from his concert tours and live performances. He has headlined several successful tours, such as the Club Paradise Tour, Would You Like a Tour?, and Aubrey & The Three Migos Tour, which previously held the title for highest-grossing hip hop tour ever. These tours have grossed millions of dollars, adding to Drake's fortune.

Drake's Endorsement Deals

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Drake has been involved in various lucrative endorsement deals throughout his career. He has partnered with major brands such as Sprite, Nike, and Apple Music. In 2016, Drake signed a reported $19 million deal with Apple Music, which included exclusive releases and promotional appearances. These partnerships have undoubtedly played a role in increasing Drake's net worth.

Drake: Business Ventures

(Photo by Prince Williams/Wireimage)

In addition to his music career, Drake has ventured into various business projects that have contributed to his wealth. He co-founded the record label OVO Sound with longtime collaborator Noah "40" Shebib and manager Oliver El-Khatib in 2012. The label is home to several successful artists, including PARTYNEXTDOOR, Majid Jordan, and DVSN. Drake also has his own clothing line, OVO (October's Very Own), which features high-end streetwear and accessories.

Moreover, Drake has invested in the tech industry, backing the gaming company Players' Lounge and the digital sports media platform, Mars Reel. These investments have diversified his income streams and added to his net worth.

Real Estate

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Drake's net worth is also reflected in his real estate portfolio. He owns a luxurious mansion in Toronto, Canada, known as "The Embassy," which is reportedly valued at $100 million. The property boasts a full-size basketball court, an indoor pool, and a recording studio. He also bought a $7.7 million estate in Hidden Hills, California, which he recently sold for $12 million.

Philanthropy

(Photo by Prince Williams/Wireimage)

While Drake has accumulated significant wealth, he is also known for his philanthropic efforts. He has donated to various causes, such as education, health, and disaster relief. In 2018, Drake famously gave away nearly $1 million in his "God's Plan" music video to individuals and organizations in need.

Conclusion/TLDR

Drake's net worth of $250 million is a testament to his hard work, talent, and smart business decisions. As one of the most successful artists in the music industry, his wealth is likely to continue growing in the coming years. With new music, tours, and business ventures on the horizon, Drake's net worth is a figure that will undoubtedly keep climbing.

About The Author
Jake is the SEO Content Lead for HotNewHipHop. He has more than ten years of experience covering mixed martial arts, pro wrestling, gaming and music across a number of publications, starting at SEScoops in 2012 under the name Jake Jeremy. His work has also been featured on GiveMeSport, Sportskeeda, Pro Sports Extra, Wrestling Headlines, NoobFeed, Wrestlingnewsco and Keen Gamer, again under the name Jake Jeremy. Previously, he worked as the Editor in Chief of 24Wrestling, building the site’s profile with a view to selling the domain, which was accomplished in 2019. As well as his work for HNHH, Jake is also the Editor in Chief for Fight Fans, a combat sports and pro wrestling site that was launched in January 2021 and broke into the millions of pageviews within the first two years. Jake also previously worked for the biggest independent wrestling company in the UK, PROGRESS Wrestling, as PR Head and Head of Media across the company's social channels. Jake's favourite Hip Hop artists are Kendrick Lamar, Public Enemy, The Beastie Boys and Body Count.