Drake doesnt even report his deals to the media
Forbes doesnt know s***
Also that post earlier in the thread is abubcha rubbish. Drake has ownership in a lot of things which will pay off in the long run.
You can tell who actually knows wtf they are talking about and who doesnt
If you are bigging up trav but downing drake business wise that shows a lot
I read the news everyday and I’ve never heard of at least 75% of the companies you listed
Exactly, they're all Duds.
Nice breakdown.
What do you mean OVO clothing can’t be sold tho
I think it's evident that OVO Clothing isn't putting profits first, it's a pride thing, that's why he has all those expensive store fronts up, and does very small release quantities.
Compare this to something like KKW Beauty where they are purely increasing margins and profits, which was easily sold.
It would be hard to sell a personal clothing brand which is part of drake's identity that isn't really even focused that much on making money. There's no middle ground, see StockX, they raised fees and laid off 12% of their work force to tighten their balance sheets to get the absolute highest price from investors, and I'm sure behind the curtains KKW/Kylies makeup company has the same mentality.
OVO Clothing is just a pride/side hobby for Drake. No real potential in selling equity.
Mf just downplayed every single investment
"Yeah this isnt worth anything"
"Whos gonna buy this from drake??"
"Yeah this trash too"
Lmao shut up
You think Caffeine is worth anything?
Based on their site it's basically like twitch, and they're hiring many positions which require hefty 6 figure salaries, (welcome to tech)
jobs.lever.co/caffeine
I'm interested to see where you see potential value in this...
And yeah I did say "who's gonna buy this from drake" regarding candles because Yankee candles produces 200 Million candles a year and is worth billions, see how many people drake could convince to buy alcohol, now let's enter an even BROADER target demographic (not too many guys will be buying candles), and expect him to do well...
I downplayed it because I'm being very realistic.
If you have any rebuttals based on logic and reasoning go for it.
You think Caffeine is worth anything?
Based on their site it's basically like twitch, and they're hiring many positions which require hefty 6 figure salaries, (welcome to tech)
https://jobs.lever.co/caffeine
I'm interested to see where you see potential value in this...
And yeah I did say "who's gonna buy this from drake" regarding candles because Yankee candles produces 200 Million candles a year and is worth billions, see how many people drake could convince to buy alcohol, now let's enter an even BROADER target demographic (not too many guys will be buying candles), and expect him to do well...
I downplayed it because I'm being very realistic.
If you have any rebuttals based on logic and reasoning go for it.
He most likely gonna be a billionaire based off his wealth trajectory. Ye and Jay didn’t become billionaires over night plus his net worth is probably way more also
You think Caffeine is worth anything?
Based on their site it's basically like twitch, and they're hiring many positions which require hefty 6 figure salaries, (welcome to tech)
https://jobs.lever.co/caffeine
I'm interested to see where you see potential value in this...
And yeah I did say "who's gonna buy this from drake" regarding candles because Yankee candles produces 200 Million candles a year and is worth billions, see how many people drake could convince to buy alcohol, now let's enter an even BROADER target demographic (not too many guys will be buying candles), and expect him to do well...
I downplayed it because I'm being very realistic.
If you have any rebuttals based on logic and reasoning go for it.
better world fragrance house
its not just candles; it'll have perfumes, soaps, body wash, facial moisturizers, incense etc. eventually and can become pretty big if he sells it in lets say a sephora and has some good, affordable scents. he's not doing the ''lets call this company for a fragrance deal'' but creating the entire thing himself instead. BWFG the next Creed, Parfums de Marly & Le Labo
You think Caffeine is worth anything?
Based on their site it's basically like twitch, and they're hiring many positions which require hefty 6 figure salaries, (welcome to tech)
https://jobs.lever.co/caffeine
I'm interested to see where you see potential value in this...
And yeah I did say "who's gonna buy this from drake" regarding candles because Yankee candles produces 200 Million candles a year and is worth billions, see how many people drake could convince to buy alcohol, now let's enter an even BROADER target demographic (not too many guys will be buying candles), and expect him to do well...
I downplayed it because I'm being very realistic.
If you have any rebuttals based on logic and reasoning go for it.
How do you think these brands started my guy?
Once drake puts his product in retail stores and they sell and market them for him he will make money off of it
I think it's evident that OVO Clothing isn't putting profits first, it's a pride thing, that's why he has all those expensive store fronts up, and does very small release quantities.
Compare this to something like KKW Beauty where they are purely increasing margins and profits, which was easily sold.
It would be hard to sell a personal clothing brand which is part of drake's identity that isn't really even focused that much on making money. There's no middle ground, see StockX, they raised fees and laid off 12% of their work force to tighten their balance sheets to get the absolute highest price from investors, and I'm sure behind the curtains KKW/Kylies makeup company has the same mentality.
OVO Clothing is just a pride/side hobby for Drake. No real potential in selling equity.
Drake doesn't even run OVO tho, Oliver does.
He's been building his own white house. That takes a lot of money.
You gotta keep in mind he began building the house in 2015/2016 when he was worth a third of what he's worth today. Imagine if construction would've started now and how much bigger it would've been.
For reference the most expensive house in Bridle Path is for sale @ $24 Million USD.
vibe.com/index.php/2011/11/what-the-drake-sets-sights-on-sephora-collab
"My dream, to be honest with you, my goal, is to form a fragrance and lifestyle line like candles, incense, room spray, and fragrance. I like Sephora for the store that I'd like to put it in. So that's a big thing for me. I'm actually working on it."
9 years later: Better World Fragrance House
How do you think these brands started my guy?
Once drake puts his product in retail stores and they sell and market them for him he will make money off of it
Retail is competitive as f***. I hope BWFH is successful too, I'm just not confident he can use his appeal to move lot's of those products you mentioned to significantly increase his net worth. But I hope him and his team proves me wrong.
Retail is competitive as f***. I hope BWFH is successful too, I'm just not confident he can use his appeal to move lot's of those products you mentioned to significantly increase his net worth. But I hope him and his team proves me wrong.
It doesnt have to signifcantly increase his networth. It will give him a solid bottom line earning wise though
The major investments will do that in due time. You have to remember hes a part owner of 100T which will only continue to expand as esports grows
You gotta keep in mind he began building the house in 2015/2016 when he was worth a third of what he's worth today. Imagine if construction would've started now and how much bigger it would've been.
For reference the most expensive house in Bridle Path is for sale @ $24 Million USD.
Yeah, just saying he's spending a lot of money too.
Yeah, just saying he's spending a lot of money too.
Yeah hes investing into real estate though so the house could be worth more than he put into it construction wise
If y’all think drake is going to go for some dumbed down basic s*** like collabing with McDonald’s or Arnold Palmer...
His whole thing (Edit: with his product/brand collabs at least) is refinement and exclusivity no way in hell does he need to stoop that low to grab the masses
And as far as net worth y’all must not have heard the line from ‘demons’ “my td bank is on Kylie” aka a BILLION...
Tax shelters, secret deals, family money etc etc best believe drake is a billi+ already
Mod Selection - How many units is it really selling, profit margins are thin. Space is competitive, don't believe me? See Virginia Black.
Virginia Black - 30k cases sold in 2016. Connor Mcgregors line sold 12 million cases this year, 40000% more than Drizzy.
Caffeine Live Stream app - Startups are rarely profitable, is it even worth anything?
OVO Sound- Not sure how their deal structured but can't imagine this is a lot of money.
OVO Clothing - Supreme was worth a billi in 2016, I would feel like it's fair to pin the worth of this at 50mil? I feel confident that supreme is 20 times bigger than OVO clothing, that's being very generous to OVO. So 50 mil divided by Drake? Oliver?
More Life Weed - It's been months since this announced and we've yet to see anything from it. Marijuana isn't easy to distribute like a Hershey's bar.
Better World Fragrance House - Who's really gonna buy candles from Drake when there's Diptique and Le Labo around...
Nike Collaboration - CLB/Forza will be the first test. He made jack s*** off releasing a total of probably <5k shoes.
Raptors Ambassador - This is more of a pride thing, I doubt he would take home money from the organization, and if he does it's high 6 figures...
Dreamcrew Film & TV - Not sure how much money can be made in the movie industry by simply financing shows you like.
Quilted Diamonds (whatever that is)
Matchabar Green Energy Drink - Got investments in 2018 and hasn't been bought out and I honestly didn't know this product existed.
Players Lounge Betting - Their funding round was $3M, if drake was 10% of that round, and the company doubled in value, that's $600k. Nice.
Mars Reel Media Company
Uninterrupted Canada (Lebron) - A media company doing what? Eventual profits have to get split by Warner, Turner, Maverick Carter, Lebron James?
100 thieves - 100T isn't profitable, and probably won't be for a long time, only return here is from suceeding rounds raising his investments value, then eventually he can sell his shares. 100T currently worth 125M, again I find it hard pressed that he's invested any more than $5M considering the biggest are worth BILLIONS and they have money from prestigious hedgefunds.
SiriusXM Pandora - They announced a "deal" where they had a station playing his music. This can't be worth that much.
NTWRK - Potential return is a buyout from Shopify or smthng. Unlikely, company is unprofitable at it's current stage.
TOURLIFE - His tour merch is objectively ugly and doesn't sell well. See Travis, Kanye sales, they're bringing in numbers.
Pick6 - lmao this place closed if anything he lost money here.
All in all his sources of revenue are thin. Music and Tours. Hopefully he can expand that like Travis but without having to sellout.
Edit: OVO Clothing can't really be sold so he's only pocketing off of profits, and with the small quantity release, and expensive yet expanding real estate adding overhead can't be too good.
You doin too much bruh
Why do you care how much money another man has ?
Crine they want Drake to get his stock game up so they can post "
" more