Between sports betting and online gambling games, Drake has been losing millions of dollars lately. What choices is he making that he’s sending so much money down the drain?

Man, it’s disappointing to see a successful artist like Drake take such a big financial L.

But it goes to show that the investing decisions you make affect everything.

Here’s a breakdown of what’s been happening, and what you can do to avoid making the same mistakes.

What did Drake do to lose MILLIONS?

First of all, Drake’s recent money loss wasn’t a one-off thing. Instead, it was a series of bad choices that he probably didn’t think through to the end.

For example, Drake seems to like playing around with sports bets. According to Fight Sports, he lost $550,000 on a UFC 274 bet in May.

Even more, this came after a $275,000 UFC bet loss back in March, when he put his money on Jorge Masvidal against Colby Covington.

As if that weren’t enough, about two weeks ago, Drake lost hundreds of thousands of dollars on a Formula 1 bet.

Vanity Fair reports that it resulted in a loss of more than $230,000, reflected in the Instagram story he’d posted at the time.

@champagnepapi Instagram story screen shot with Drake’s F1 bet. Source: Page Six

Now, just a few days ago, the rapper reportedly lost a massive $20 MILLION.

On what this time?

Online roulette games, according to Gambling News.

What’s the big lesson here?

Look, you don’t need a business degree or years of investing to understand what’s going on. Even though Drake is obviously a successful rapper, he could definitely use some work on financial decision-making.

I’ve told rappers a million times — don’t waste your money on stupid stuff. The cars, the jewelry, and in Drake’s case, betting and gambling.

When I talked to Rich the Kid, for instance, and he told me he wanted to blow $70,000 on a Corvette, this is what I told him.


On the other hand, the smart thing to do with all that rap money would be to invest it in cash-flowing assets.

For me, those assets are apartments, and they pay me every single month.

Why would you waste money instead of having it all come back to you on a regular basis?

I’ll let you in on everything I did to get high-income-generating deals in the real estate game.

Secure your seat for my Real Estate Training on June 25, 2022, and you’ll understand why cash flow is — and always will be — king.

Be Great — and make good choices,

Grant Cardone

Featured image source: Drake @champagnepapi / Instagram

Disclosure: This content is intended to be used for educational and informational purposes only. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment or business decision. Investment, real estate, and business involve great risk and there is no guarantee of performance or results.

We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of a financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.

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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.

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