Drake is a household name in the US and Canada, and he is famous for his rapping career. He debuted with Thank Me, a later music album ranked one in the 2010 music charts.
Before dubbing his music career, he was a famous actor. Is acting career began with the show Degrassi: The Next Generation. He has a huge fanbase and has made appearances on awards shows worldwide. In this article, learn more about Drake’s net worth and successful investments.
What is Drake’s Net Worth?
Drake has a huge fan base and has signed several contracts with music companies. This includes his Universal Music Group deal, which generated over 50 million dollars annually.
This means Drake and Universal Music Group made $400 million from the deal, and Drake got 50% out of it. Here are several other things regarding him:
Category
Drake is a Rapper with millions of fans. He started his career with a Canadian TV series called Degrassi: The Next Generation. His debut studio album was Thank Me Later.
Net Worth
Drake is a successful rapper with a net worth of $250 Million. His debut studio album reached #1 in 2010, and due to his lifestyle and music career, he earned more than $430 million before taxes.
Birthdate
Drake was born Aubrey Drake Graham on October 24, 1986, in Canada. His father was a drummer, and his mother was a florist and English teacher. Drake used to attend a Jewish Day school and had a Bar Mitzvah celebration.
Birthplace
He was born in Toronto, Canada.
Gender
Male
Height
6 ft
Profession
Drake is most successful as a rapper, but he has also worked as an Actor, Singer, Songwriter, Voice Actor, Composer, and Record producer.
Nationality
Canada
Early Life
Aubrey Drake Graham was born in Toronto to Sandi and Dennis. Most of his childhood was spent with his mother once his parents got divorced, and his father was later incarcerated for drugs.
His love of music comes from his father, as he was a famous drummer who worked with many famous musicians. His childhood was tight on money, and he lived in the basement. He was also bullied in his college, being bi-racial and having a different religious background.
Early Career
With the help of a friend’s father, Drake launched his acting career at 15 in a teen Canadian drama. He became quite popular and was a cast member for 1 to 7 seasons.
He earned $50k from this show and was the only breadwinner when his mother died. Drake took inspiration from rappers like Jay-Z and started selling his records in 2006. With time, his popularity began, and he became one of the top entertainers globally.
Business Ventures
Here are some Business venturers owned by Drake:
- OVO Clothing
- OVO Sound
- DreamCrew Entertainment
- Brooklyn Aces
- AC Milan’
- Dave’s Hot Chicken
- Wealthsimple
How Much Drake Has Donated to Charity
Drake has been involved in philanthropic works and charitable donations since the start of his career. He has always tried to give back to the community.
In 2013, he helped a high school in Philadelphia create its recording studio and invited its students to his concert. He has donated $75k to Staberry Mansion High School. He has also significantly contributed to the Union Gospel Mission of Portland and Dixon Hall. In 2010, he donated $30 K to the Jamaican Learning Center.
Brand Ambassador
Drake is a name that has set many musical success milestones. He has partnered with many brands for endorsements and short-term partnerships, including Nike, Sprite, and Burger King.
He is the global brand ambassador for the Toronto Raptors. He heads his own brand, OVO fashion label, and Nike launched a collaboration with him called Nocta. He also promotes Stake.com and has made significant contributions to the website.
Financial Lessons You Can Learn From Drake’s Career & Investments
Here are some financial tips one can learn and adapt from Drake’s successful career and investments:
- Financial Literacy and Education: Drake’s success explains the importance of financial literacy and education. Individuals can make more informed decisions and effectively decide the complexities of wealth management by understanding financial literacy.
- Giving Back and Philanthropy: Drake has been involved in various charitable endeavors and understands the importance of giving back to communities. Incorporating philanthropy into financial planning can also provide personal fulfillment and create a positive legacy.
- Diversify Your Income Streams: Drake’s success extends beyond music. He’s involved in various successful business ventures, including fashion, alcohol, and investments. His investments include technology companies like Virginia Black Whiskey and his OVO clothing line.
Conclusion
Drake is a major global name in the music industry. His hits and fan base have made him record one of the top-selling entertainment albums. Despite having a rough childhood, he has shown courage and hard work can work wonders.
With time, his successful business endeavors also helped him create a net worth of $250 million and total life earnings of over $500 million. He understands how financial literacy and decision-making can help him grow beyond music.
