Drake, the renowned rapper and entrepreneur, has built an impressive empire through various business ventures and investments.
From founding the OVO brand, which includes a record label and clothing line, to investing in tech, esports, and the food industry, Drake’s portfolio is diverse and expansive. He also owns luxurious properties and has a significant partnership with the Toronto Raptors.
Drake currently has 5 companies.
- Toronto Raptors
- SiriusXM
- OVO Sound
- Dreamcrew
Toronto Raptors is one of the biggest basketball teams in the world. Drake purchased the team for $3.34 billion. Besides, he worked with the team as its Global Ambassador. He made a considerable amount of money from here.
However, the NBA dropped him as a Global Ambassador because of the NBA’s rule violation. He was fined $25,000. By ignoring the fines, Drake is still working with his team. He is official with Toronto Raptors but is not paid because of his rule violation with the NBA.
SiriusXM is currently the top broadcasting corporation in the USA. Drake has a broadcasting channel named Sound 42. From here, he makes roughly a million dollars every year.
Drake co-founded OVO Sound with other celebrities, including PartyNextDoor, Oliver El-Khatib, Naomi Sharon, and more. It is a Canadian-based record label company. From here, Drake earns $50 million as of this writing.
Dreamcrew is an entertainment company founded by Drake in 2017. It produces films, special projects, and television series and oversees Drake’s professional life and career. From here, he makes roughly $10 million annually.
Drake is only making $50 million from his companies every year.
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How Does Drake Make Money?
In 2001, when Drake was 15, a friend of his saw a potential talent in him. So, his friend helped Drake to play a role in a show called Degrassi: The Next Generation. From the show, he managed to get $50,000 annually. It was only the beginning.
In 2009, Drake released his third mixtape, a global blast. From here, he made more than a million dollars.
After collaborating with two reputed companies, Young Money Entertainment and Lil Wayne’s company, Drake debuted an album called Thank Me Later. It was a huge success. Besides, he went on a brand endorsement with a top-rated company, Apple Music.
Since then, he has won 180 achievements and awards, including Grammys. He went into a long-term partnership with Universal Music Group worth $400 million. Drake has an estimated net worth of $300 million thanks to his business venture.
What is Drake Invested In?
Drake always loves to invest money in different companies. He always puts his fortune in a wide range of businesses. He has invested in –
- MatchaBar
- Pic 6ix
- Virginia Black
- Mod Sélection Champagne
From 2017 to 2018, MatchaBar produced $43 billion worth of energy drinks. Drake and Brothers Max founded the company in 2014. As an investor, Drake sold more than 1 million bottles quickly and made roughly $50 million. People also call him MatchaPapi.
MatchaBar’s products’ prices had been set to the minimum. Each product costs $24.99 to $44.99. That is why Drake managed to sell over a million bottles in a short time. Besides, the company had become the competitor of Red Bull once.
Drake has invested in a private party restaurant called Pic 6ix, a Canadian-based restaurant. At first, the restaurant was made only for private parties. Now, he earns about $9 million annually through the restaurant.
Drake has invested in Virginia Black Whiskey. Drake once planned to raise about $30 million from fans for Virginia Black Whiskey. Besides, he makes over $10 million annually from the Whiskey label.
Drake has set a public offering of $30 million and given a chance to everyone to invest in the brand. The price was $5 at a $100 minimum group buying.
Drake is a rapper who loves to invest his money to raise his wealth. Besides, he loves to invest like he did in Mod Sélection Champagne. The Champagne brand is currently top-notch. As an investor, Drake makes a considerable amount of money from here.
How Much of OVO Does Drake Own?
Drake confirmed that he has a 60% stake in the British subsidiary of the brand, OVO through a company he controls. However, a representative company revealed that Drake, Noah 40 Shebib, and El-Khatib oversee the company internationally.
The market value of OVO is currently $1 billion as of this writing. And Drakes own 60% of it. It is a significant amount of fortune to raise his wealth higher.
What Basketball Team Does Drake Own?
People may think that Drake owns the Toronto Raptors. But the truth is, he does not own any of the franchises.
Drake was working as an ambassador but was someone other than the owner. Toronto Raptor’s 100% ownership belongs to Maple Leaf Sports and Entertainment (MLSE).
What Cars Does Drake Own?
Drake is currently the most influential and successful rapper in this generation. He is an investor in several companies. Besides investment, he has a vast car collection. All the cars’ names and prices have been given below to know better:
- Devel Sixteen — $2.2 million
- Bugatti Veyron – Sang Noir Edition — $2 million
- Ferrari LaFerrari — $1.8 million
- Mercedes – Maybach G 650 Landaulet — $1.8 million
- Mercedes – Benz SLR McLaren — $1.5 million
In some of Drake’s songs, he rapped about cars and made videos. In these videos, he gets over a million views.
