drake net worth

Drake’s Budget Is Unlimited on Universal Music, Says Company CEO

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Drake can pretty much request anything he wants in terms of budget from his current home, Universal Music Group.

The company’s CEO Lucian Grainge spoke with HipHopDX at a Grammy after party last week and was asked by the outlet how much Drake would be allotted when it came to budget requests. 

His answer fell right in line with some of the comments made by Steve Stoute in an interview last week with The Breakfast Club where he said company’s would give him any amount of money he wanted to sign with them. 

“If ever Drake or whenever Drake calls up and says he needs something for his project, I give it to him because he’s the greatest,” said Grainge to HipHopDX. 

The question was based off of a line spit by Drake in Rick Ross’s 2012 smash “Stay Schemin” where he famously rapped “Tell Lucian I said f**k it, I’m tearin’ holes in my budget.” 

His worth seems to be limitless in the music industry and with his track record of hits, it makes sense. 

Steve Stoute said that if Drake decides to sign an exclusive deal with another company he might end up getting the highest advance ever offered to a recording artist. 

For Stoute to be correct, the deal would have to supersede a contract made by the Michael Jackson estate for his music where they received over $250,000,000. There are very few artists able command these kind of deals. 

The only rappers in history who have been close to striking this kind of deal are Jay-Z and Drake’s former Young Money label head and mentor Lil Wayne, according to NME.

Based on Drake’s relationship with Grainge and Universal Music, they just might be the ones to throw the bag at him that Stoute boasted of on The Breakfast Club last week. 

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