Net worth of Drake in 2017

Net worth of Drake in 2017

The Canadian rapper had a good run in 2017. The year saw the rapper enter the list of richest rappers. His album ‘views’ remain the most streamed album to date. It spent 13 weeks on the Billboard creating a record for a hip-hop artist. His song ‘one dance’ featuring Nigerian star Wizkid, remains the most downloaded song on Spotify.

Net worth of Drake in 2017

Net Worth of Drake 2017

He also bagged three Grammy nominations making him the most successful hip-hop artist. He also received a couple of deals with big companies which contributed a lot to the net worth of Drake. So, after all these successful series, what is Drake’s net worth? We have broken down the numbers to give you the net worth for Drake in terms of selling records, endorsement deals and American tours.

The rapper is estimated to have a net worth of $ 90 million. This all started when he signed a $ 2 million deal with Young Money records back in 2006. He grew steadily under the label and three years later he was producing charts topping hits. His star was beginning to shine and he was becoming a force to reckon with in the hip-hop industry.

Net worth of Drake in 2017

The album ‘views’ really set the pace going as it achieved triple platinum status approved by RIAA. The album sold over 800,00 copies in the U.S in only the first week. On its second week the album has already peaked over 1 million sales. It was ranked as the best-selling album on iTunes. The album sales in the first week was estimated to earn Drake $ 8.4 million.

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The rapper earned a total of $ 14 million from all his album sales. He also made a whopping $ 12.5 million from singles sales. YouTube also reported that the Canadian rapper earned a staggering $25 million. All this plus the tours really contributed to the total net worth of the rapper.

The rapper also earns a fortune from his own brand of whiskey ‘Virginia Black Whiskey.’ He earlier entered in a deal with spirit master Brent Hock. The deal means he earns a certain percentage of all the total sales of the whiskey. Brent Hocking is notorious for signing deals with artists such as owner of DeLeon Tequila brand Sean Combs.

Net worth of Drake in 2017

Summer sixteen tour was among the most successful tours ever performed by a Canadian rapper. The rapper toured around different parts of the states where the fans turned up in large numbers. The summer sixteen tour included 54 domestic tours. He shared on his official Instagram handle to have made $84 million surpassing Jay Z and Kanye West tour ‘watch the throne’ which had gross earnings of $ 75 million.

The rapper also had numerous endorsement deals with big companies which contribute heavily in his total net worth. He earned a whopping $ 36 million from giant companies such as Sprite, Jordan and Kodak. He also signed a deal with basketball team Toronto Raptors at an undisclosed amount.

The total earnings are not to subject to taxes he pays to Canada which amount close to 29% of total earnings. It is also exclusive of the expenses the rapper incurs. Despite all these he still marked his name in the hall of fame as one of the richest hip-hop artists.

Link Sources

http://moneynation.com/drake-net-worth/

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Source: Yen.com.gh

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