Home Business & Finance What is Drake Net Worth? How Much is the Singer Really Worth?

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Canadian-born rapper and actor, Drake is one up-and-coming millionaire. Drake net worth is thought to be around $60 million and rising.

Drake was born Aubrey Drake Graham in Toronto, Canada on October 24, 1986. Before he got into music, Drake’s first and foremost passion was acting. He was a child actor who starred in Degrassi: The Next Generation, a Canadian teen-drama that has been running since 2001 and that deal with typical teen issues, such as sex, drugs and love.

In 2006, Drake released his first album, a mixtape, Room for Improvement on his MySpace page and via his website. In 2008, Drake was invited by Lil Wayne to go on tour with him, which is when Drake’s career started to pick up.

drake net worthIn June of 2009, Drake singed with Young Money Entertainment, Lil Wayne’s label. He’s been working with a plethora of artists, such as Jay-Z, Young Jeezy, Eminem and Kanye West and has won a Grammy Award, Best New Artist in 2010, a BET Award and two Juno Awards.

Drake Net Worth

Drake is now a major celebrity and has been raking in the big money for a while. It was reported that the rapper pulled in around $20.5 million in 2012 which earned him a position in Forbes’s list of hip-hop top earners.

When asked if he was going to return to the list in 2013, the star seemed more than confident and said that every year he and his team want to be more prepared and better at touring and better at things that make money. He continued to say that if he was not on the Forbes list in 2013, he would be gravely disappointed.

It seems that Drake is very focused on earning big money and developing new ways at making money. With such a mindset, it is not a surprise that the star has been earning more and more each year.

Indeed, the rapper’s prospects are looking quite good. We know that in 2010, Drake earned a cool $10 million and in the following year, in2011, Drake made $11 million. Thanks to him almost doubling that amount in 2012, he earned a number 5 spot on Forbes’ Cash Kings rankings. Drake added that being on that list is, aside from making good music, his objective every year.

Drake’s Endorsement Deals

Drake’s music isn’t the only thing that is bringing him big money. The star has also been involved in various endorsement deals with big names such as Kodak and Sprite.

The rapper also has an agreement with Virgin America to get his mug on the sides of airplanes.

One of the most talked about endorsement deals is the one with Nike. In 2013, after Kanye West announced that he was leaving Nike, Drake told the world that he would be joining Nike’s Jordan brand.

Drake talked about his backing up Nike and stated:

Growing up, I’m sure we all idolized this guy—he goes by the name of Michael Jordan. … So today I came to Portland, and I officially became inducted into the Team Jordan family…I feel like I’m at home right now.

Aside from Nike, Drake also has a deal to be the new face of the NBA’s Toronto Raptors franchise.

Drake is keeping busy and most likely will continue with various endorsement deals that will bring him enough money to put him on the Forbes list every year. But Drake knows that as long as he keeps making music, his name and face will be recognizable and desired, but the moment he stops making music, everything else is going to stop.

Other Famous Drakes

Other famous Drakes include Days of Our Lives veteran Drake Hogestyn and former Nickleodeon star and singer Drake Bell.

Drake Bell Net Worth

Drake Bell either hasn’t had much luck with money or received really bad advice on money management, because in February of last year, Drake Bell filed for bankruptcy. Drake claimed in the filing that he was almost $600,000 dollars in debt. The vast majority of the money was a debt to the IRS.

In the same filing, it was revealed that his house was worth $1,575, but that he owed around $1.6 million on the mortgage. Bell noted that in 2012 he had earned around $408,000 and in 2013, the sum went down to a meager $14,000.

The filing also reveals that his monthly expenses are $18,771, while his monthly income is just $2,800.

Drake Hogestyn Net Worth

Drake Hogestyn, on the other side, who has been starring in NBC’s flagship soap opera since 1986, has had a bit of a financial disappointment coming to him in 2013. In the 90’s when soap operas where all the rage all over the world, the handsome actor was earning $25 thousand per episode, which added up to $75 thousand a week.

Earlier in 2013, Drake and Days of Our Lives parted ways and it was revealed that the reason behind the decision was money. Days wanted to pay Hogestyn less, and the actor wouldn’t have it. But, it appears that the actor changed his fickle mind and accepted to return to the show he’s been starring in for almost 30 years for less than a quarter of the pay he used to make in the 90s. It was revealed that Hogestyn now earns just $3,400 per episode. That’s some salary cut!

Image Source: UrbanIslandz

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Georgette Movilé

Poetry lover and jazz addict, Georgette Movilé enjoys writing about art-related topics. With a background in Theatre and Literary Studies, once dreaming to be part of the ‘academia’, she now has a keen interest in cultural journalism and develops a great passion for arts management. Her style and taste are eclectic and she calls herself a hedonist open to, and ready to make the most of, the dazzling possibilities within the everyday. Want to meet the most starry-eyed-down-to-earth person you might ever encounter? Read her articles, get inspired and feel free to contact her.

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