Photo Credit: Saturday Night Live / NBC / Peacock
Drake’s net worth in 2024 has become a topic of interest, especially with his recent controversies. Recently, Sheryl Crow called out Drake for using AI to recreate the voice of the late rapper Tupac on his Kendrick Lamar diss track Taylor Made Freestyle, which has made him a trending topic.
So, here’s all you need to know about Drake’s current net worth as well as how he has accumulated his wealth.
What is Drake’s net worth in 2024?
Drake has an estimated net worth of $250 million in 2024.
Drake is known for his chart-topping hits. He first gained national recognition as a cast member on the Canadian teen drama series Degrassi: The Next Generation. Since then, Drake has achieved immense success with tracks like “Hotline Bling,” “God’s Plan,” and “In My Feelings.”
Drake’s earnings explained — how does he make money?
Drake’s income is primarily generated through music sales, streaming royalties, and concert revenues. His albums consistently top the charts, and his songs receive millions of streams. Additionally, Drake has ventured into business with investments in various sectors, including fashion and liquor.
Music Sales & Touring
Drake is a dominant force in hip-hop and the music industry as a whole. His 2016 album, Views, dominated the Billboard 200 chart for 100 consecutive weeks. He was once the most-streamed artist in the US and the third most-streamed globally.
In 2021, he became the first artist to achieve over 50 billion total streams on a single platform. That same year, he signed a significant deal with Universal Music Group. Beyond his music sales, Drake’s concerts are major revenue generators, consistently drawing massive crowds and earning him millions.
Endorsement Deals
Drake has a long-standing partnership with Nike, spanning over a decade. During this period, he has launched several successful Air Jordan collaborations. He has been the global ambassador for the NBA’s Toronto Raptors since 2013, representing the team and his hometown on an international stage.
Acting
Before starting with his rap career, Drake was widely recognized as Jimmy Brooks, a character in the early 2000s Canadian teen drama Degrassi: The Next Generation. At just 14 years old, Drake secured the role and went on to star in the show for seven seasons.
Business Ventures
Drake has expanded his influence beyond music into various business ventures. He founded OVO Sound, his own record label, which represents artists like PARTYNEXTDOOR and Majid Jordan. In addition to his label, Drake launched OVO, a popular street wear line. He also ventured into the liquor industry with his own brand of whiskey, Virginia Black.
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