Everything Drake touches seemingly turns to gold these days. A Canadian brokerage firm backed by Drizzy named Wealthsimple is reporting a $4 billion valuation after its latest round of fundraising, according to Market Insider.
The Toronto-based company has more than tripled the $1.2 billion valuation it received in October 2020. Drake isn’t the only celebrity investor in Wealthsimple, as actors Ryan Reynolds, Michael J. Fox and NBA player Dwight Powell have poured money into the operation.
Wealthsimple brands itself as an “investment manager and trading app,” but has significantly expanded its business expertise to other avenues as the company continued to grow in recent years.
Market Insider says they’ve added the capabilities for stock trading, crypto trading, automated investing and peer cash transfers to their system. The brokerage firm has more than two million users on its interface and manages over $8.4 billion in assets.
“More than two million Canadians use Wealthsimple to grow their money, file their taxes, pay their friends and make their financial lives better,” said CEO Mike Katchen in a statement. “This investment will fuel our growth so we can reach millions more and ensure that everyone has access to the simplest, most powerful financial products and services, no matter who they are or where they are in their financial lives.”
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In 2019, Forbes estimated Drake was No. 3 on the highest-paid acts in Hip Hop list with an approximate pre-taxed earning of $75 million. He reportedly holds a net worth of around $180 million.
Even with the pandemic impacting Drake’s revenue stream, the diversity in his portfolio has allowed the 6 God to rest easy inside his cavernous Toronto mansion.
Just like normal… Drake riding the wave! Good for the company and I’m sure he’ll make money, but this is nothing original just like everything else he does.
Bruh your uh clown ? bruh we live in a corporate and capitalism world. It would be fucking dumb not to invest in market shares and stocks and bitcoin, it doesn’t matter who invested first it matters that you invested and make that money back. How is drake riding the wave???? When they named 10 other celebrities who back the company also smh, are the other 10 celebrities they mentioned riding the wave also? Are they original. This is normal for any rich person to do, it’s not solely for business men rappers and actors can invest and make money to but I bet you never invested in a stock in your life lol.
You just don’t like him. No need to talk bad about someone who won’t even talk to people like you even if they knew you
The power of branding
When’s he supposed to drop his new album??? I feel like the hype for it is dying
It dropped last week
Lol
Sorry to break it to y’all who don’t understand that because of the corona break out and venues closed all over America . He isn’t dropping the album until 2022. When everyone has been vaccinated. So he can go on tour. It would be stupid for drake to drop the album now. He is like the tour king does like 50 state tours and international tours back to back, he tours like Crazy. But he is smart making his money and Knowing his worth. Anybody with common sense can understand why drake ain’t dropping it. Streams are good but tour money is even better. I doubt he personally give a fuck about numbers. When you can make 50 million dollars in a year doing a 50 state tour get a million uh show for a 20 minute performance. This is why I respect drake mans knows his worth. Yeah social media likes to clown him and meme him and make him a laughing stock, but he is no loser or lame doing nothing with his life like the people who criticize him
Yes, it was funny. I’m always there for angry Drake.
I actually downloaded this app last week. I am having the robots do my Son’s investing.