The Drake net worth sum of $130 million comes from $245 million in earnings before taxes and other adjustments. Drake has earned $159 million from his four concert tours, including $71.6 million from the Summer 16 Tour. He has earned $14 million from sales of albums, $12.6 million from singles sales and $24 million from YouTube. The singers has also earned an estimated $36 million from endorsement deals with big name companies like Jordan, Sprite and Kodak.
Taxes eat up $106 million of Drake’s lifetime earnings, with expenses taking another $23 million. Investments add back an estimated $14.7 million as of 1/10/17.
Drake Net Worth Facts
|Drake Net Worth Facts|
|Drake net worth:||$126,363,971|
|Drake net worth vs Rihanna net worth||Half as big|
|Drake net worth vs Selena Gomez net worth||Twice as big|
|Drake net worth vs Taylor Swift net worth||Half as big|
|Drake net worth vs Beyonce net worth||1/3 as big|
|Drake net worth vs Justin Bieber net worth||15% smaller|
|Drake net worth vs Miley Cyrus net worth||Half as big|
|Drake net worth vs Kobe Bryant net worth||Half as big|
|Drake net worth vs Hillary Clinton net worth||4x bigger|
|Drake net worth vs Bernie Sanders net worth||240x bigger|
|Drake net worth vs Barack Obama net worth||40x bigger|
|Drake net worth vs typical American household net worth||1,858x bigger|
As the table above shows, the Drake net worth total is $130 million. That’s half as big as Rihanna’s net worth of $282 million. It’s twice as big as Selena Gomez’s net worth of $45 million and half as big as Taylor Swift’s net worth of $251 million. Beyonce’s net worth is 3 times bigger than Drake’s. Drake’s net worth is half as big as Miley Cyrus’ net worth and half as big as Kobe Bryant’s net worth. Should the president of the United States get paid less than a rapper? He does. Barack Obama’s net worth is $3.2 million. That’s a mere 1/40th the size of the Drake fortune. Drake has four times more money than Hillary Clinton’s net worth and 240 times more than Bernie Sanders. Finally, the typical American has a wealth of just $68,000. That’s 1,858 times less money than Drake.
Drake Net Worth Over Time
|Drake Net Worth Timeline|
|Drake Net Worth 2009||$1,448,410|
|Drake Net Worth 2010||$15,586,426|
|Drake Net Worth 2011||$22,561,171|
|Drake Net Worth 2012||$47,056,454|
|Drake Net Worth 2013||$73,322,697|
|Drake Net Worth 2014||$80,737,211|
|Drake Net Worth 2015||$88,391,243|
|Drake Net Worth 2016||$126,363,971|
|Drake Net Worth 2017||$130,446,033|
Drake’s net worth has grown sharply from just over $1 million in 2009 to $130 million in 2017. In some years like 2014 and 2015 the singer earned as little as $10 million, while in others like 2013 and 2016 he made between $40 million and $90 million. Why the big difference? Drake put on concerts in some years but not others. Concerts pump the most money into Drake’s income. Therefore, the star’s net worth grows in fits and starts, as the chart above shows.
Drake Net Worth Breakdown
So where does the Drake net worth figure shown in this article come from? Concert tours, endorsements, investments, music sales and YouTube. The table below shows the full breakdown. Figures like concert tour earnings, music sales and YouTube income are fairly solid. Other figures like endorsements, investments, taxes and expenses are estimates. Overall, the data below present a pretty decent Drake net worth estimate.
|Drake Net Worth Breakdown|
|Drake Net Worth||$130,446,033|
|Drake Concert Tours||$159,074,100|
|Total Drake Earnings||260,686,837|
|Salary (avg since 2010)||$43,447,806|
Also see: Beyonce Net Worth
The chart below shows how the Drake net worth story breaks down visually.
Music Sales and Drake Net Worth: $14 Million
It’s surprising that a pop star’s smallest income source is often their music sales. Drake has earned an estimated $14 million from album sales and $12 million from sales of singles. Exact Drake earnings from music sales aren’t released to the public. However, we do know how many albums and singles the star has sold.
Drake has sold a total of 12 million albums and 74 million singles. That adds $27 million to the star’s earnings. We know Drake has sold 12 million albums. We know each album costs about $10.99. That’s $130 million in total album sales.
Industry insiders say pop stars earn 6.6% of sales on every song they sing. They also earn 4.5% of every song they write. Since Drake writes all his own music, he likely earns 11.1% of every album sale. That means he’s earned $14.4 million for albums. We used the same math to find the Drake net worth portion from singles sales. 50 million singles as lead artist sold for $1.99 each. That gives $99.5million in singles revenue. Drake keeps 11.1% of that or $11 million.
Drake sold another 24.5 million singles as a featured artist. We figure he only gets to keep 3.3% of those sales. That chips in another $1.6 million to the Drake net worth pile.
|Music Sales and Drake Net Worth|
|Total Music Sales and Drake Net Worth||$27,121,310|
|Drake Album||Units Sold||Total Revenue||Drake's Cut (11.1%)|
|Thank Me Later (2010)||1,800,000||$19,782,000||$2,195,802|
|Take Care (2011)||2,260,000||$24,837,400||$2,756,951|
|Nothing Was the Same (2013)||1,800,000||$19,782,000||$2,195,802|
|We Are Young Money Compilation||500,000||$5,495,000||$609,945|
|So Far Gone EP||500,000||$5,495,000||$609,945|
|If You're Reading This It's Too Late Mixtape||1,100,000||$0||$0|
|What a Time to Be Alive Mixtape||500,000||$0||$0|
|Total Album Sales and Drake Net Worth||13,460,000||$130,341,400||$14,467,895|
|Singles as Lead (41)||50,000,000||$99,500,000||$11,044,500|
|Singles as Featured (66)||24,500,000||$48,755,000||$1,608,915|
Wondering why Drake’s mixtapes don’t contribute to his net worth? Mixtapes are given away for free as promotional tools.
Also see: Obama Net Worth
Concert Tours and Drake Net Worth
By far the biggest contributor to the Drake net worth stack is concert tours. Concerts typically add the most into any pop star’s net worth total. According to industry estimates, stars keep the lion’s share of their concert tour revenue.
Drake has had four concert tours: Away From Home, Club Paradise, the cleverly named Would You Like A tour and Summer 16. The first in 2010 brought in an estimated $18 million. Drake kept about 85% of that. The next two tours in 2012 and 2013 brought in about $42 million each. That chipped in another $72 million to Drake’s net worth. Drake’s fourth tour, the Summer Sixteen tour, added an estimated $71 million to the star’s earnings.
|Concert Tours and Drake Net Worth|
|Total Concert Tours and Drake Net Worth||$159,074,100|
|Tour||Revenue||Drake Earnings (85%)|
|Away From Home (2010)||$18,000,000||$15,300,000|
|Club Paradise (2012)||$42,600,000||$36,210,000|
|Would You Like A (2013)||$42,246,000||$35,909,100|
|Summer Sixteen Tour (2016)||$84,300,000||$71,655,000|
Also see: Justin Bieber Net Worth
YouTube and Drake Net Worth
It’s fairly easy to see how YouTube has boosted Drake’s net worth. A trip to the star’s YouTube page shows he has 168 million views. Drake’s YouTube Vevo channel has another 2.75 billion views as of 1/10/17. But how much do those views add to the Drake net worth picture?
Marketing firms claim 1,000 YouTube views pay about $7.60. Assuming Drake keeps all the money from his own YouTube channel and 85% of his Vevo revenue, he’s earned $19 million from YouTube so far.
|YouTube and Drake Net Worth|
|Drake Channel Views||168,492,254|
|Drake Vevo Channel Views||2,753,735,480|
|Earnings Per View||$0.0076|
|Total Drake Net Worth from YouTube||$19,069,672|
Also see: Taylor Swift Net Worth
Endorsement Deals and Drake Net Worth
The second largest factor in the Drake net worth equation is endorsement deals. Endorsement deal figures aren’t made public, but we do know the rapper has made deals with Jordan shoes, Sprite and Kodak to name a few. We estimate endorsement deals have added an average of $5 million a year to Drake’s net worth since 2010. That’s a total of $36 million dumped into the Drake net worth total by 2017.
Drake Net Worth Calculations
We combined Drake’s earnings from concerts, endorsements, YouTube and music sales. We also figured in investment income, taxes and expenses to get Drake’s net worth over time. The table below shows how it all shakes out.
The rapper is a Canadian citizen. Thanks to NAFTA, even though he earns money in the U.S., he pays income taxes only in Canada. The Canadian federal tax rate for Drake’s income level is 29%. However, Drake lives in Toronto, Ontario. He pays an additional 13% Province tax rate for Ontario. That gives a total Drake tax rate of 42%.
We have no real way of knowing how much Drake pays in expenses. We do know he certainly has some. Staff, agents, operating costs and cost of living all take a slice from the Drake net worth pie. We estimate the star spends 15% of what he makes each year on expenses. Investments are figured at 6% per year.
|Drake Net Worth Calculations|
|Year||Concert Tours||Album Sales||Singles Sales||YouTube||Endorsements||Total Earnings||Taxes||Expenses||Investment Income||Drake Net Worth|