Drake Highest-Paid Singer in the World

Drake
Drake led People With Money’s annual list of the “100 highest paid singers” released on Thursday.

It's been a rough year for the singer, but at least he has his millions of dollars to ease the pain. 33-year-old Drake has taken the No. 1 spot on People With Money’s top 10 highest-paid singers for 2020 with an estimated $46 million in combined earnings.

UPDATE 07/08/2020 : This story seems to be false. (read more)

Drake tops annual list of highest-paid singers

In 2018 it looked like the singer’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Thursday (August 6) that Drake is the highest-paid singer in the world, pulling in an astonishing $46 million between July 2019 and July 2020, a nearly $20 million lead over his closest competition.

People With Money’s factors

In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.

The Canadian singer-actor has an estimated net worth of $145 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Drake Burger” chain) in Ottawa, a Football Team (the “Toronto Angels”), has launched his own brand of Vodka (Pure Wonderdrake - Canada), and is tackling the juniors market with a top-selling perfume (With Love from Drake) and a fashion line called “Drake Seduction”.

The ranking is significant for many Drake fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.

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