Drake is one of the biggest names in the music industry today, known for his distinct blend of rap and R&B. He has released numerous hit songs and albums that have earned him a legion of fans around the world.
But beyond his musical success, Drake is also known for his business acumen and financial savvy. In this post, we’ll take a closer look at some of the ways Drake has managed to build his wealth over the years.
Investing in Real Estate
One of Drake’s most notable investments is in real estate. The rapper owns multiple properties across Canada and the United States, including luxury homes in Toronto and Los Angeles.
In 2019, he reportedly spent $6.7 million on a lavish mansion in Toronto’s Bridle Path neighborhood. The property features amenities like an indoor pool, a home theater, and a basketball court.
Drake’s real estate portfolio also includes a sprawling mansion in Hidden Hills, California that he purchased for $7.7 million back in 2012. The property sits on 4 acres of land and boasts amenities like a tennis court, a mechanical bull, and an expansive wine cellar.
Beyond these impressive homes, Drake has also invested in other types of real estate ventures. For example, he was part of an ownership group that acquired an equity stake in sports betting platform Swish Analytics back in 2018.
Building His Brand
Another key factor behind Drake’s financial success is his ability to build his personal brand through various business ventures outside of music.
For example, he teamed up with Virginia Black whiskey to launch his own brand called “Virginia Black Decadent American Whiskey.” According to Forbes magazine estimates from 2021 – it brought him roughly $30 million dollars since its launch four years ago .
Additionally – Drizzy founded OVO Sound label which serves as both record label & fashion line (OVO stands for October’s Very Own). It began as a clothing brand, selling hats and t-shirts with the OVO logo on it. It has since expanded to include sneakers, jackets, and other apparel.
Drake has also made strategic partnerships along the way – such as his ongoing collaboration with Nike’s Jordan brand. Together they created an exclusive line of sneakers that are highly sought after by sneakerheads worldwide.
Finally, he recently invested in a company called “Tootsie’s” which is a strip club chain based out of Miami.
Making Smart Investments
In addition to real estate and personal branding ventures, Drake has also made some smart investments into tech startups over the years.
Back in 2015, he joined forces with entrepreneur Will Smith and others to invest $6 million in digital wallet startup Amexco. The company provides mobile payment solutions for businesses and individuals alike.
More recently – Drizzy became involved with esports (aka competitive video gaming) when he invested an undisclosed amount into Canadian organization 100 Thieves back in 2020. The team fields players across games like Fortnite & Valorant — among many others).
Drake has also been known to invest in more traditional financial instruments too – such as stocks or bonds from companies like Apple or Tesla Motors .
Giving Back To His Community
It’s important not to forget how generous Drake is – especially considering where he came from. He grew up in Toronto’s Forest Hill neighborhood which wasn’t one of the city’s wealthiest areas . But despite his success and wealth today – Drake never forgot about his roots nor about those around him who might still be struggling financially or otherwise..
He famously donated $1 million dollars towards helping Houston recover from Hurricane Harvey back in 2017 . And during the COVID-19 pandemic – he gave away thousands of dollars through Instagram Live streams where fans could request help if they needed it most.
Conclusion
All things considered, Drake is undoubtedly one of the most successful musicians-turned-businessmen of his generation. Through savvy investments in real estate, personal branding ventures, and tech startups – he has built a substantial net worth that is estimated to be around $200 million.
But beyond his financial success, Drake has also shown a commitment to giving back to his community and supporting causes he cares about deeply. Between the two – it’s clear that Drizzy is not only a talented musician but also a shrewd businessman with a heart of gold.