Drake Net Worth 2022: How Rich is the US Hip Hop Star?

According to reputable sources, as of 2022, Drake has an estimated net worth of the equivalent of $180.2 million.

Canadian rapper Drake has sold more than 5 million records to date, making him one of the most successful musicians of modern times. He is also one of the richest rappers in the world. You can find out where Drake ranks in our list of the 30 richest rappers of all time !

But how much is Drake’s fortune and what businesses does the musician run that ensure a high income? In this article, I’ll explore Drake’s income streams and highlight some of his luxuries.

This is how Drake’s net worth is made up

Income from his music

As a successful musician, Drake naturally earns by selling records and streaming his songs on the well-known services Spotify, Apple Music and Co. There is also income from tours and performances.

According to Forbes, Drake is the 5th richest rapper of 2019. He is also one of the youngest in this list to achieve such wealth.

Own record label OVO Sound

But of course Drake is not only active as a musician, he also founded his own label with OVO Sound. On this label, Drake releases the music of other artists. OVO Sound is also distributed by Warner.

Artists at OVO Sound include PartyNextDoor, Majid Jordan and OB O’Brien. There are also producers who produce beats such as 40, Boi-1da, T-Minus, Mike Zombie, Nineteen85 and Future the Prince.

To date, a total of six records have been certified at least platinum by the US Recording Industry Association. It is estimated that Drake has made millions of dollars from this alone and will continue to do so for years to come. Like youtuber name Ranboo and Ranboo net worth is also increasing very quickly.

Own fashion label October’s Very Own

Drake also has its own clothing brand. The singer sells high-quality streetwear under October’s Very Own (OVO), which is very successful and regularly sold out.

Drake as the global ambassador for the Toronto Raptors basketball team

Drake is a self-confessed supporter of the Toronto Raptors. It is a basketball team from the US professional league NBA. Arguably the Toronto Raptors’ most prominent fan is also the team’s global brand ambassador. The rapper is also likely to receive a handsome sum for this.

Engagement with Apple Music

The iPhone manufacturer Apple operates its own streaming service. At the start of 2015, Apple announced that the singer Drake had signed an exclusive contract.

Within this activity, Drake developed his own station for the radio station Beats 1 at Apple Music with OVO Sound. Of course, Apple will also reward this commitment accordingly. After all, the singer made sure that Apple Music could reach millions of subscribers in a very short time.

Drake’s own whiskey Virginia Black

Having your own alcoholic drink is a new trend among many celebrities. Drake has also launched a bourbon-based whiskey with the Virginia Black brand.

The market launch took place in 2006. With its own brand, Drake focuses on expensive whiskey that is stored for several years. In just the first week after the start of the business, Virginia Black was able to sell more than 4,000 bottles in the USA.

At the end of 2016, the company opened up the international market. Virginia Black sold more than 30,000 units that year alone. Appropriately, the rapper Drake also posed in a commercial for the company.

Own restaurant in Toronto

Drake has opened Fring’s Restaurant in Toronto with celebrity chef Susur Lee. However, the restaurant is currently closed and it is unclear whether it will reopen due to the corona pandemic. Nevertheless, Drake was able to make money here for several years because of the shares.

What does Drake spend his money on?

Property

Drake has invested a lot of money in real estate to date. He owns a $6.7 million property in his hometown of Toronto, Canada. There’s another luxury property owned by Drake in California that’s worth $8 million.

Another property is also owned by Drake. In 2012 he bought the YOLO Estate for $7.7 million. This is a luxury property. Since then, celebrities like Kanye West, Kim Kardashian and Justin Bieber have been among his neighbors.

Cars

Cars are of course an important achievement for rappers. As a result, Drake also has many cars in the garage, such as a Rolls-Royce, McLaren and a Bentley.

Drake is also a fan of the Birkin brand. His private collection of luxury bags is said to be worth millions of dollars.

Private life

Over the years, Drake has been linked to a number of high profile relationships. He dated Rihanna on and off between 2009 and 2016. “The woman I’ve loved since I was 22” became an expression he used for her.

In October 2017, Sophie Brussaux, a French model, actress and artist, gave birth to his child Adonis. Until 2018, Drake avoided acknowledging his paternity.

Other friends of Drake were Naomi Sharon, Kylie Jenner, Bella Harris, Zmeena and Malaika Terry. It is also rumored that Drake was in a relationship with Jennifer Lopez.

Conclusion

Drake is already one of the richest rappers in the world. It is estimated that he has more money than, for example, Travis Scott or Future.