Drake Net Worth - Pulptastic

What is Drake’s Net Worth

Canadian-born actor, producer and rapper Drake boasts a net worth of $250 million, consistently ranking among the highest-paid entertainers in the world. Though he began his career as an actor on “Degrassi: The Next Generation”, it was music that made him a household name. Since 2006, Drake has been producing hit after hit, with his debut studio album, “Thank Me Later”, reaching #1 on hip-hop charts in 2010. Drake has been touring non-stop and building a wide fan base, earning over $430 million before taxes and lifestyle costs. In 2017 he earned a total of $95 million, while between June 2018 and June 2019, he earned $50 million.

Drake Signs Long-Term Partnership Deal with Universal Music Group

Universal Music Group has confirmed that it has signed a long-term worldwide partnership deal with Drake. The deal includes everything from recorded music to music publishing, film, television, and brands. The value of the deal has been estimated at $400 million or more, and some have speculated that Drake received $360 million upfront. Prior to signing, Drake’s music catalog alone had been generating $50 million per year in revenue for the company.

If the deal was indeed worth $400 million, after taxes, Drake would have theoretically been paid $200 million upfront after taxes. Drake has alluded to the deal in some of his lyrics, rapping about signing a deal that came with “360 up front.”