Amid the feud between Drake and rival Kendrick Lamar online sleuths uncovered details about the former's businesses and other holdings that started a buzz on social media. CBC News looks into Drake's business and property holdings and why he has so many.The exterior of Scotiabank Arena is temporarily renamed 'October's Very Own Arena,' in honour of Drake's OVO Sound label, and his performances at the Toronto venue on Oct. 6, 2023.
"Donald Trump has quite a few of them… That is a form of asset protection: When you have that kind of net worth, you kind of have a bull's eye or a target on you for what can be frivolous lawsuits at times. Fans of Kendrick Lamar, seen here performing in Roskilde, Denmark, in July 2015, dug up details about Drake's numerous holdings amid the rappers' recent feud.
Dividing a larger business into multiple companies allows people like Drake to protect each of those ventures from being affected by another if it comes under legal pressure and funds are targeted. While he reportedly owns more homes elsewhere in the U.S., the records obtained by CBC News show two of Drake's former properties: an L.A. mansion he sold in 2022 and a Florida property he sold in 2012.Drake raps that he owns "a condo up on Biscayne" in Miami. In that same year, Drake bought two Miami condos on Biscayne Boulevard, side-by-side units purchased for a combined cost of $1.