OVO and Music Business
Drake co-founded OVO Sound with producer Noah "40" Shebib, building the label into a major music imprint. OVO manages his recordings, publishing, and brand partnerships, with the OVO brand extending into apparel and collaborations Forbes. The company operates from Toronto and Los Angeles, handling artist management, touring, and content production under the OVO umbrella.
OVO's revenue streams include streaming royalties, merchandise, licensing deals, and festival operations such as the annual OVO Fest. Drake retains ownership of his master recordings through OVO and affiliated publishing entities, giving him direct control over his catalog and long-term royalty income.
Spirits and Consumer Brands
Drake is a co-owner and brand ambassador for Virginia Black Whiskey, a super-premium bourbon launched in partnership with Diageo and Master Distiller Brent Hockman. Virginia Black is distributed in the United States and select international markets, with Drake's involvement driving significant consumer awareness and premium pricing Forbes.
He also holds a stake in the alcohol-free spirit brand Better Daze and has equity interests in other consumer-facing ventures. These brands are structured as private holding arrangements, with Drake participating in marketing, product development, and strategic direction rather than day-to-day operations.
Real Estate and Other Investments
Drake owns multiple high-value residential properties, including a Toronto estate known as "The Embassy" and a Hidden Hills compound in Los Angeles purchased for around 100 million dollars. His real estate portfolio spans luxury homes, commercial spaces, and development-adjacent land, managed through private holding entities Forbes.
Beyond music and spirits, Drake has invested in companies such as the esports organization 100 Thieves and has equity interests in tech and media ventures. He also operates a private investment office that evaluates opportunities in entertainment, consumer goods, and digital platforms, with details of these holdings not fully disclosed to the public.