Drake Net Worth: Is Drake Billionaire at the Time (2022)?

Drake is a multi-millionaire Canadian rapper, actor, producer, and businessman. It’s no secret that Drake is a well-paid performer. Drake had earned more than $430 million in his career before taxes and living costs since he initially gained national recognition. Drake had a minor role in the Canadian teen drama series Degrassi: The Next Generation as a child actor.

Drake made $45 million between June 2017 and June 2018. In 2017, he made $95 million in total. He made $75 million between June 2018 and June 2019. He made $50 million in the next year. For a detailed breakdown of Drake’s annual earnings, year by year, scroll below.

UMPG’s Music Publishing Agreement

By 2022, Universal Music Group had inked a “long term worldwide agreement” with Drake, which spanned “recorded music to music publishing, cinema, television and branding,” the business announced on its Q1 results call in May 2022.

In a handful of his songs, Drake has hinted at this deal. “360 upfront” was the phrase he used in a piece about signing a contract. Some have interpreted that line to suggest that Universal paid him $360 million upfront. Before signing, Drake’s song catalog generated $50 million in annual revenue for the corporation. According to some estimates, the deal might be worth $400 million.

If the transaction were worth $400 million, Drake would have received an upfront payment of $200 million after taxes if the deal was worth $400 million.

Early Life of Drake 

drake net worth

Aubrey Drake Graham was born in Toronto, Canada, on October 24, 1986. Dennis, Drake’s father, was a drummer who performed with artists such as Jerry Lee Lewis. Drake’s mother, Sandi, worked as an English teacher and a flower shop owner. Bar Mitzvah celebrations were held for Drake, who attended a Jewish day school.

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When Aubrey was five, Sandi and Dennis split. As a result, his father relocated to Memphis, where he was arrested and imprisoned for an extended period on narcotics charges. His mother remained in Toronto, but he would see his father in Memphis every year (when his father was not incarcerated). Despite Dennis’s furious denial and assertion that the claims were inflated to sell records, Drake later described Dennis as missing from his youth, which Dennis vigorously rejected.

Forest Hill, a wealthy suburb of New York City, was Drake and his mother’s home from the sixth grade onward. At street level was his mother; at basement level was Drake. They didn’t have a lot of money; it was scarce.

Aside from sports, Drake developed a passion for the arts while attending Forest Hill Collegiate Institute in Atlanta. At Vaughan Road Academy, he was teased because of his mixed-race and religious upbringing. He took a break from school for a while, but he returned and graduated in 2012.

Degrassi

An old childhood friend’s father, an actor, was instrumental in helping Drake secure a role in the Canadian teen drama “Degrassi: The Next Generation” when he was just 15 years old. Actor Jimmy Brooks, who went paralyzed after being shot by a student on the program, was played by him. Seasons 1 through 7 included him as a cast member, with occasional guest appearances in 2008.

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Drake’s mother fell ill during the filming of Degrassi and could not work. For some years, his Degrassi wages were their only source of money. He was getting paid $50,000 a year for the show. After taxes, that’s almost $2000 a month. According to him, it was a time of significant change.

“When my mum was in the hospital, she was critical. We were practically penniless at the time. My only source of income was from watching Canadian television.”

A Life in Music of Drake

drake net worth

Having been inspired by rap stars like Jay-Z, Aubrey began distributing mixtapes in 2006 under his stage moniker “Drake,” a play on his middle name.

His debut mixtape, “Room for Improvement,” was released in February 2005 via his website and MySpace page. Direct sales totaled over 6,000 copies. An album called “Comeback Season” appeared the following year, his second. October’s Very Own is the name of his new record company, which released the mixtape (aka OVO Records). The song “Replacement Girl” was featured on this mixtape and became a hit in the underground music scene. The song’s music video was the first by an unsigned Canadian rapper to be shown on BET. A spliced sample of “Man of the Year” by Brisco, Flo Rida, and Lil Wayne was used in one version of the song.

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Rapper Lil Wayne called Drake and invited him on his Tha Carter III tour after he was thrilled by Drake’s performance. Lil Wayne was introduced to the song by Houston producer and founder of Rap-A-Lot Records, Jas Prince. Drake and Wayne created and recorded several songs on their way through the tour, some of which were later released as singles.

Music and Entertainment Company Young Money

Contrary to popular belief, Drake had not yet signed a contract with Wayne’s record label. His third mixtape, called “So Far Gone,” was published in 2009. On his OVO website, he made the mixtape available for free download. Lil Wayne, Lloyd, Trey Songz, Omarion, and Bun B all made appearances on the disc. The mixtape was certified Gold by the RIAA, reaching number two on the Billboard Hot 100 after downloading it more than 2,000 times in the first hour. The EP version of the mixtape debuted at No. 6 on the Billboard 200 and was awarded the 2010 Juno Award for Rap Recording of the Year for its outstanding contribution to hip-hop culture.

Even though Drake was still a solo artist, he was in high demand in the music industry. A bidding war ensued, with several labels vying for his signature. “The largest bidding war in music history” has been referred to, although it hasn’t been proven.

Young Money Entertainment signed Drake to a deal on June 29, 2009. While Cash Money and Young Money were involved in the record agreement, Universal Music handled distribution.

Success in the Mainstream

drake net worth

“Thank Me Later,” Drake’s debut studio album, came out on June 15th, 2010. The album debuted at the top of the charts in Canada and the United States. It debuted at the top of the Billboard 100, R&B/Hip Hop, and US Rap charts in the United States. The RIAA eventually awarded it platinum status.

“Take Care,” his second studio album, debuted at the top of the charts in various countries and eventually became a six-time platinum seller.

In the years that have followed, every album has gone four times platinum.

Drake is one of hip-hop and the music industry’s most successful and dominant figures. In addition to Kanye West, Eminem, Jay-Z, and Travis Scott, he has collaborated with many other famous names in music. Numerous honors have been presented to Drake throughout his career. More than 180 major honors, including four Grammys, have been bestowed on him.

Drake’s concerts bring in an average of $1 million in ticket sales.

Sales of Singles

Unlike any other artist, Drake has sold the most digital singles ever. At this writing, he has sold more than 163 million digital singles worldwide. There are 40 million more than Rihanna, who is second. With an estimated 26 million CDs sold, he is the 80th best-selling musician. That puts him in third place behind Shania Twain (48 million) and Celine Dion (40 million) (50 million).

Drake Net Worth

Drake is a multi-millionaire Canadian rapper, actor, producer, and businessman. It’s no secret that Drake is a well-paid performer. Drake had earned more than $430 million in his career before taxes and living costs since he initially gained national recognition.

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