How Drake Spent $180 Million

the multi-grammy award-winning rapper drake is one of the biggest musicians on the planet prior to the global events his concerts would quickly sell out due to his incredible success in the music business after originally getting his start as an actor you knew that we know he's also one of the wealthiest musicians around today we're going to see what drake spends his vast fortune on and where exactly his income comes from we'll see the stunning homes he owns both in the u.s and in canada his pricey car collection the various sports teams he's involved with the amount of money he's donated and much more so let's get started drake has acquired not just one but a number of properties in hidden hills california firstly he's purchased what's now known as yolo estate he bought it from larry pollock who originally had the asking price set at 27 million dollars during 2009. in 2012 drake swooped in when pollock hit money issues and bought it for a massively reduced 7.7 million dollars weird to say 7.7 million and reduced in the same sentence drake was desperate to get a house with an over-the-top swimming pool something that this property definitely has with its stone statues swimming grotto 80 foot slide wet bar and waterfall for years drake had a photo of the pool at the yolo estate at his computer background before he even purchased it beyond the pool the 12 000 square foot property also has a cinema a wine cellar a games room tennis court and much more looking to expand his la empire drake purchased the neighboring property during 2016. the 4 445 square foot 4 bedroom house was snapped up for nearly 2.9 million however he wasn't done yet he wanted an even bigger compound so drake bought another next door property during 2018. this 2449 square foot estate comes with three bedrooms and was bought for 4.5 million all together the properties now amount to 6.7 acres in size and cost the rapper 15.1 million dollars and that's not including all the renovation costs now the house that became famous due to its appearance in the music video for tootsie slide called the embassy drake began buying the land in toronto back in 2016 for 6.7 million the property there was torn down and work began to build the mansion of his dreams when it was done the house came to 50 000 square feet in size that's the size of three hockey rinks the master bedroom alone takes up 3 200 square feet designed and built by ferris rifali the massive house comes with a number of interesting features for starters there's an nba regulation size basketball court that alone costs around forty six thousand dollars to construct the house is covered in marble and even houses a twenty thousand piece swarovski crystal chandelier because you gotta have that according to reports building the embassy costs between 100 and 150 million dollars altogether it's not the only multi-million dollar property that drake has owned in the canadian city he did have a two-bedroom condo that was adjacent to the cn tower in july 2013 he put the yorkville condo on the market for 3.3 million american dollars yet by october 2013 it was sold for a reduced 3 million because nobody can afford to live in toronto anymore thanks drake when people hit the heights of racking in millions one of the most common purchases is a luxury car collection the man known as aubry graham doesn't disappoint in this regard as shown in the 2016 music video for yg's why you always hating that features drake relaxing through the car's open roof the man himself does actually own a lamborghini aventador roadster in the same year he posted up on his champagne poppy instagram account a photo of his prized lambo with a comment that his car made him feel quote like i'm christian bale with the 6.5 liter v12 engine and 709 horsepower this car was purchased from canadian car customizer driving emotions toronto a sports car like this doesn't come cheap the brand new 2016 model hit the market just under 500 dollars another vehicle in his arsenal is the la ferrari also known as f-150 this hybrid sports car was first released in 2013. drake picked one up in 2018 from fusion luxury motors the model has a 6.3 liter v12 engine that has 963 horsepower it can reach a top speed of 227 miles per hour it can also hit 63 miles per hour in just three seconds in 2015 a brand new la ferrari would have cost at least 1.6 million in 2017 the auction house sotheby's were selling off one of the last ferrari aperta models in the end it was sold for 8.3 million euros which is nearly 10.1 million dollars one of the most sought after supercars for the wealthy is to get the bugatti veyron well drake went a little further when he bought his instead of getting the standard snazzy model he splashed his cash on the shanghai edition in 2010 only 12 were created this vehicle has an 8 liter quad turbocharged w16 engine with an incredible 1 000 horsepower it's capable of reaching 62 miles per hour in just two and a half seconds and as a top speed of 253 miles per hour at that time drake was the sole owner of this vehicle in canada the rarer something is the more valuable it is as such the senghwa was said to have a price tag of 2.2 million back in 2010. in 2019 news broke about drake getting his own private plane instead of the typical smaller and sleeker models that the rich flock towards drake is very different named air drake he was gifted a boeing 767 300f yep drake didn't actually purchase the massive airplane after working with canadian airline cargo jet the company handed over the keys to the plane free of charge in exchange for publicity so it's really not free the price of this airplane is around 185 million there's a lot of publicity that drake has to promote though in 2020 air drake underwent a renovation by acclaimed designer virgil abloh the exterior was colored sky blue with a cloud pattern with air drake cargo jet and the ovo logos all added as well but it's the interior where the magic happens with seating for up to 30 people the plane is covered in leather arm chairs and plush sofas it also features a large screen tv and a bar air drake is likely to be a tour plane for the rapper the cost of the change has been undisclosed however to get a general idea of how much it cost to convert a plane in 2018 figures were released that showed the price of switching from passenger to cargo planes converting only one of the boeing 767 models came to around 14 million dollars drake has his fingers in a lot of pies even sports has grabbed his interest especially when it comes to a particular game he's extremely passionate about in 2013 it was announced that drake had become a global ambassador for the nba team the toronto raptors in 2017 the partnership of the raptors and drake donated a combined 3 million dollars to local causes under the welcome toronto program 2 million went to canadian basketball and 1 million went towards refurbishing local basketball courts drake has even hinted that he could own the team in the future but considering the team is said to be worth 2.55 billion drake will have to increase his already vast fortune to purchase them with the ever increasing popularity in esports drake got in on the action too in 2018 he purchased a stake into the 100 thieves team the group specializes in games such as call of duty league of legends and fortnite while the exact amount that drake spent is undisclosed 100 thieves had funding totaling 25 million dollars from both drake's and other investments only a year later drake's investment was shown to be very successful the value of 100 thieves shot up 40 as a result the team was now worth 125 million dollars other investors include the owner of the cleveland cavaliers dan gilbert and music producer scooter braun but where is drake getting all this cash from we hear that you're thinking that well mostly from his incredible success in the music industry as we mentioned in the intro drake originally started his showbiz career as an actor he appeared on the tv show degrassi the next generation from 2001 to 2009. at one point due to his mother's illness drake's 50 000 yearly wage from the show was the only income for the family to date he now has an estimated net worth of 180 million dollars each of his concerts is said to give him 2 million alone drake regularly brings in an annual salary worth tens of millions of dollars his career has so far provided him 430 million in earnings in 2017 he added 95 million to his bank account two years prior drake signed an exclusive deal with apple music for the reported cost of 19 million yet beyond his own music career drake has also created his own recording studio called ovo sound standing for october's very own after drake's birth month the name of ovo would later be used in other business ventures such as a fashion label ovo would team up with nike to produce a selection of air jordans starting back in 2013. the jordan 10s can go for as much as 500 online drake has also created a production studio called dream crew during 2017. they've been involved with films such as 2017's the carter effect and 2020 spree they've also worked on tv shows like euphoria and top boy over the years drake has gained a reputation for his great philanthropic donations one of the most well-known incidents happened in the music video god's plan in 2018. instead of spending the budget on cars and dancers drake instead gave the money to people in need in miami at one point a woman's homeless shelter received a check of fifty thousand dollars while a student for the university of miami's frost school of music was given a scholarship of fifty thousand dollars as well the total budget of the video was one million dollars the original plan was for the rapper to hand out 175 000 but he decided to go a tad further a few years prior to 2013 champagne poppy helped out strawberry mansion high school in philadelphia he gifted them 75 000 to go towards a recording studio by 2015 it was up and running in 2020 drake helped people there involved in the protests over george floyd the group the national bailout help people with legal costs if they're arrested due to protesting drake donated one hundred 000 to their cause like a lot of rappers drake has a soft spot for jewelry and watches according to some estimates it's believed he spent at least 10 million dollars in his ever-increasing collection one of his favorite pieces is the stone island logo medallion this reportedly cost drake 100 000 in 2020 he spent 1 million alone on a 100 carat heart-shaped diamond necklace as for watches he has the protect belief nautilus perpetual calendar this white gold watch with a sapphire crystal back can go for as much as 249 000 online another watch is the rolex daytona but to make it even more special drake has the paul newman edition it can cost as much as 510 000 with drake's jewelry loving reputation cemented it's attracted the attention of thieves in 2016 while drake was performing in phoenix arizona a thief got inside his tour bus and made off with a briefcase containing the valuables the robber was later caught originally the press reported that the contents were worth 3 million however drake later stated it was actually worth around four hundred thousand well that's not anything final fact finish even with the hefty price drake spent on the music video god's plan it's still not the most expensive production of all time that title belongs to scream by michael jackson and janet jackson the music video was released in 1995 and cost a massive seven million dollars at the time with inflation that would be around 12 million dollars today thanks for joining us today we'll see you next time

Channel: TheRichest

Views: 149,605

Rating: 4.928442 out of 5

Keywords: Drake Music, Net Worth, Worth Millions, Toronto House, Woodland Hills, Expensive Houses, Car Collection, Lamborghini Aventador, Air Drake, Private Plane, Sports Teams, Toronto Raptors, Donating Money, Rolex Watches, Michael Jackson

Id: MB7VD6DUzYQ

Length: 10min 57sec (657 seconds)

Published: Fri Feb 26 2021