Drake Net Worth 2026: How He Built a $400 Million Fortune

Drake net worth reached $400 million in 2026, according to Celebrity Net Worth, positioning the Toronto rapper as the fifth-wealthiest hip-hop artist globally. While he trails Jay-Z’s $2.5 billion and Dr. Dre’s $500 million, Drake’s fortune represents one of the most consistent wealth-building trajectories in modern music.

Unlike artists who diversified into cosmetics or fashion empires, Drake built his wealth almost entirely through music, touring, and strategic partnerships. His “It’s All A Blur” tour became the highest-grossing hip-hop tour in history. In April 2025, he became the first artist to surpass 500 million RIAA-certified units across albums, singles, and features.

What distinguishes Drake’s financial story isn’t just the size of his fortune. It’s the durability. Despite public feuds, including his ongoing rivalry with Kendrick Lamar, Drake continues generating revenue at a pace that would exhaust most artists half his age.

Drake Net Worth: Quick Facts

Metric	Value
Net Worth 2026	$400 Million
Annual Earnings	$70 Million (average)
Primary Income Source	Music, Touring, OVO
Universal Deal Value	$400 Million
Real Estate Portfolio	$100+ Million
Lifetime Tour Gross	$508.2 Million

How Did Drake Make His Money?

Drake’s path to $400 million began not in music, but in television. Born Aubrey Drake Graham in Toronto, he first gained recognition as Jimmy Brooks on the Canadian teen drama “Degrassi: The Next Generation.” The acting paycheck was modest, by his own account “under a teacher’s salary” per season, but it provided stability while he developed his music career.

From Degrassi to Dominance

Drake released his first mixtape, “Room for Improvement,” in 2006 while still appearing on Degrassi. His breakthrough came with the 2009 mixtape “So Far Gone,” which spawned “Best I Ever Had” and earned him a deal with Lil Wayne’s Young Money Entertainment.

His debut studio album, “Thank Me Later” (2010), debuted at number one on the Billboard 200, establishing a pattern that would continue for over a decade. Drake has now tied Jay-Z and Taylor Swift for the most number-one albums in history with 14 chart-topping releases.

The Universal Music Group Deal

In May 2022, Universal Music Group announced a “long-term worldwide partnership” with Drake. The deal, reportedly worth $400 million, encompasses recorded music, publishing, film, television, and brands. Some industry observers speculate the upfront payment reached $360 million based on Drake’s lyrical references.

This partnership fundamentally changed Drake’s financial structure. Rather than earning royalties album by album, he secured a massive guaranteed payment with backend participation. The deal reportedly values his music catalog alone at approximately $50 million annually for Universal.

Touring: The Highest-Grossing Hip-Hop Performer

Drake’s live performances represent his largest income stream. According to Billboard, he has grossed $508.2 million across 315 shows since his first headline performance in April 2010.

His “It’s All A Blur” tour (2023-2024) grossed $320.5 million, becoming the highest-grossing hip-hop tour in history. The production featured nearly 40 songs per night and sold out rapidly, though some final dates were postponed.

Drake’s Income Sources Breakdown

Income Source	Estimated Annual Value	% of Total Income	Notes
Music Royalties & Streaming	$25-30 Million	35%	First artist to 50B Spotify streams (2018)
Touring Revenue	$20-40 Million	30%	$320.5M from It’s All A Blur tour
Endorsements	$15-20 Million	20%	Stake.com ($100M annual), Nike, Apple
OVO Brand	$8-12 Million	10%	Clothing, record label, annual festival
Other Ventures	$3-5 Million	5%	Virginia Black whiskey, investments

Source: SocialLife Magazine analysis of Forbes, Billboard, and industry sources.

Drake’s Real Estate Portfolio

Drake’s real estate holdings represent a significant portion of his net worth, estimated at over $100 million. His properties reflect both personal taste and investment strategy.

Property Location	Purchase Year	Purchase Price	Estimated 2026 Value
Toronto, Ontario (“The Embassy”)	2015 (lot); Built 2019	~$100 Million (total)	$100+ Million
Beverly Hills, California	2022	$75 Million	$70-80 Million
Hidden Hills, California (“YOLO Estate”)	2012	$7.7 Million	Sold 2015
Dos Brisas Ranch, Texas	2023	$15 Million	$15-18 Million

“The Embassy,” Drake’s Toronto mansion, deserves special attention. He purchased the lot in 2015 for $6.7 million and built the entire 50,000-square-foot estate from scratch. Features include a two-story closet, an NBA-sized basketball court, and custom interiors by designer Ferris Rafauli. The property has become iconic in celebrity real estate circles.

His Beverly Hills mansion, purchased for $75 million in 2022, has been listed for sale at $88 million since May 2023. As of January 2025, Drake also offers it as a rental for $250,000 per month, suggesting he’s open to monetizing the property rather than selling at a loss.

Drake’s Business Ventures

OVO (October’s Very Own)

Drake founded OVO in 2012 as both a record label and lifestyle brand. The company encompasses OVO Sound (his record label), OVO clothing, and the annual OVO Fest in Toronto. While exact revenue figures aren’t public, the brand’s consistent retail presence and festival success indicate substantial contribution to his overall wealth.

Virginia Black Whiskey

Drake launched Virginia Black, a bourbon-based whiskey, in 2016. The brand reportedly sold 4,000 bottles in its first week and shipped another 30,000 units in its launch year. While not a billion-dollar venture like celebrity liquor brands from George Clooney or Dwayne Johnson, it demonstrates Drake’s diversification strategy.

Stake.com Partnership

Drake’s 2022 endorsement deal with Stake.com, a cryptocurrency-based online casino, reportedly pays him $100 million annually. He frequently livestreams high-stakes betting sessions, sometimes wagering millions in Bitcoin during single streams. The partnership has generated both revenue and controversy, with some questioning the ethics of promoting gambling platforms.

Drake vs Other Rappers: Net Worth Comparison

Name	Net Worth 2026	Primary Income	Rank
Jay-Z	$2.5 Billion	Investments, Brands	#1
Dr. Dre	$500 Million	Beats Sale, Production	#2
Kanye West	$400 Million*	Music, Yeezy (independent)	#3 (tied)
Drake	$400 Million	Music, Touring, OVO	#3 (tied)
Diddy	$400 Million	Declining (legal issues)	#5

*Kanye West claims $2.77B via Eton Venture Services; Forbes disputes this figure.

Drake trails Jay-Z by over $2 billion, but the gap isn’t as significant as it appears. Jay-Z’s fortune derives primarily from business investments (Tidal sale, Armand de Brignac champagne, D’Ussé cognac, Brooklyn Nets stake) rather than music. Among artists whose wealth comes primarily from music and touring, Drake ranks near the top.

Drake’s Net Worth Over Time

Drake’s wealth has grown steadily, with occasional dips during non-touring years:

• 2017: $94 Million annual earnings (Forbes)
• 2018: $47 Million (album cycle)
• 2019: $75 Million (touring year)
• 2020: $49 Million (pandemic impact)
• 2021: $50 Million
• 2022: Universal deal signed ($400M reported)
• 2025: $400 Million total net worth

The Universal deal in 2022 likely added significant liquid wealth to his portfolio, even though the full $400 million wasn’t necessarily paid upfront. Combined with consistent touring revenue, Drake has averaged approximately $70 million annually in recent years.

Is Drake a Billionaire?

No, Drake is not a billionaire. His estimated net worth of $400 million, while substantial, falls well short of the ten-figure threshold. To reach billionaire status, Drake would need to either significantly increase his business holdings or see dramatic appreciation in his existing assets.

The path to billionaire status for hip-hop artists typically requires significant equity in businesses outside music. Jay-Z achieved it through his liquor brands and Tidal sale. Dr. Dre came close through his Beats by Dre headphone company before selling to Apple. Drake’s current ventures, while profitable, haven’t achieved the scale necessary for billionaire status.

What Is Drake’s Annual Salary?

Drake’s annual income fluctuates based on touring schedules and album releases. Celebrity Net Worth estimates his average annual salary at approximately $70 million. In peak touring years like 2017, he earned as much as $94 million. During the pandemic-affected 2020, earnings dropped to roughly $49 million.

Frequently Asked Questions

How much is Drake worth in 2026?

Drake’s net worth in 2026 is estimated at $400 million according to Celebrity Net Worth. This makes him the fifth-wealthiest rapper globally, tied with Kanye West’s Forbes estimate.

How much did Drake make from touring?

Drake has grossed $508.2 million across 315 shows since 2010. His “It’s All A Blur” tour alone grossed $320.5 million, making it the highest-grossing hip-hop tour in history.

What is Drake’s biggest source of income?

Drake’s income derives primarily from music royalties and streaming (35%), touring (30%), and endorsements including his $100 million annual Stake.com deal (20%). His 2022 Universal deal reportedly worth $400 million also represents a significant one-time payment.

Does Drake own his masters?

Drake’s master ownership situation is complex. His 2022 Universal deal reportedly includes provisions for catalog ownership and participation, though specific terms haven’t been publicly disclosed. The deal structure suggests he has more control than typical artist contracts.

The Bottom Line on Drake Net Worth

Drake net worth of $400 million represents one of hip-hop’s most consistent wealth accumulation stories. Unlike peers who diversified into fashion or beauty empires, Drake built his fortune almost entirely through music mastery and strategic partnerships.

His $400 million Universal deal provides financial security regardless of streaming trends. His touring apparatus generates reliable revenue when active. And his OVO brand offers modest but steady income.

For the complete picture of music industry wealth, see our Music Industry Net Worth Rankings 2026. For broader celebrity wealth analysis, explore the Ultimate Guide to Celebrity Net Worth 2026.