: Being a rapper ain't all it's cracked up to be. MediaTakeOut.com spoke to a person FORMERLY AFFILIATED with Young Money who told us that despite being one of the hottest rappers in the world . . . Drake is virtually BROKE.
Well, the word "broke" is a relative term. The insider explains, "Drake has to pay [Lil] Wayne and [Baby] every time he performs a song, he also uses their security company, pays for travel through their agent [et cetera]. I think all in all they take about 80% of his money."
The insider continues, "And with whats left, he spends it on luxury cars like he has a $300,000 Lamborghini."
Drizzy, bruh . . . we understand you're young and enjoying life . . . . but you gotta SAVE a little too!!
Why is it so hard to believe Drake is broke? Most of the sh.t you see on TV & hear in raps is just hype. He has so many hands in the pot it's a wonder he has anything left. Time has shown over & over that some of your biggest artist while performing are dead broke ...TLC anyone? If Drake is broke, Nicki is starving because she has a f-cked up deal where 4 or more entities /management gets paid before she does. And contrary to popular belief these mufuggas don't sell records. They're left with CRUMBS.
Not to be stereotypical, but dude is Jewish, I HIGHLY doubt homeboy is broke! And it's pretty obvious that Drake's a smart dude (whether folks find him lame or not), I'm sure he's invested his earnings. Just like a few months ago he invested in some 1st edition Winnie the Pooh books...do ya'll realize how much that's worth, and what it builds every passing year! I have a friend who has first edition Tom Sawyer books and they're worth a grip, a serious grip! Ya'll kill me believing what MTO says as if this is ABC News. This is an entertainment site that's known for fabricating stories.
EASY COME EASY GO, ITS LIKE THAT WITH YOUR 15 MINUTES OF FAME , ESPECIALLY WHEN THE BOSS GOES TO RYKERS ISLAND PRISON AND COMES OUT BROKE,AFTER HAVING TO PAY ALL THOSE HEAVY FINES AND LAWYERS FEES, FOR WEAPONS CHARGES , EVERY LIVING A**, HAS TO RENDER CEASAR/WEEZY HIS DUE , OR OFFER UP YOUR POUND OF FLESH , NASTY BUSINESS THOSE RAPPERS , THEY TURN ON EACH OTHER LIKE WOUNDED SHARKS, NEVER LET THEM SEE YOU BLEED BLAKE, HEHEHE
I don't think he's broke BUT no one knows how the business works. Everyone gets paid before the actual artist. That money people sign for is supposed to be used for your album and marketing. I'm talking about advance money people.....advance money means you have to pay back its a loan and whatever you make over that loan is yours. So all you hood dummies better learn how this work instead of saying "he cute he ain't broke" or "my *** drizzy gettin money"......he has acting money still plus his pops is music royalty.
didn't we just see this dumb negro throwing money up in the air like he didn't care at a strip club weeks ago, and now look at the headline. if it's true, i don't feel sorry for his dumb *** not one bit. betcha want to go and get that money from those skrippers that you threw at them weeks ago huh dummy? if these niccas don't learn the value of a buck then let the chips fall where they may
Don't believe this bs he prolly made millions off of all the commercials he did but if it's true jay gonna do the same thing and even worse he's gonna shelf and blackball him he doesn't allow Antibes career to get bigger than his the only to hot people he got is willow smith an rhianna who both signed after they a hit jay has a drake on his label jcole the should be on the same level or j should be past drake jc signed to ROC nation in 09 same year drake signed to ym/cmr/umg he has a mixtape album he's working on like 3 albums been in almost every magazine tv channel won awards now jcole still has no album or a buzz and mannie BG an JUVE *** complain they should've read what they signed first he legally f ucked them but all of them signing back except for mania BG signed back an juve got a check for the reunion Turk says ymcmb from his twitter guess when he gets out he gonna sign back see baby and slim was smart they kissed ya *** an act like they your best friends so u sign that contract like these my *** they won't rob me an the contact really say I get everything and you get what want to give u and at the bottom of the contract it says moolah ymcmb uptown youngin bugatti we da business blowin out the pound at the rooftop swagged out 100 million suuu wuuu 5 star paperplates Thangz the *** he says in every song
Ive worked for a prominent major record label for the past 7 years and I can tell you this story is pure ***. Drake is no where near broke. He has several endorsement deals, he keeps $7+ per album and young money/birdman only get half a point collectively off each Drake album. FYI Thats a very small percentage...
You MTO *** and *** love to believe someone is broke because it makes you feel better. Misery loves company. It just goes to show none of you will ever be able to keep ***. Haha
#Misanthropy
MTO please stop wiv the BS stories!!!
HOW can Drake be broke when he still got money from 'Degrassi'..... ALSO here are the terms of his Young Money contract •Drake is signed with Aspire/Young Money/Cash Money Records and is distributed by Universal •Drake got a $2 million advance (I’ll give you a moment to read that again) •Drake retains the publishing rights to his songs and only pays 25% of his music sales revenues
to the label (YoungMoney Records) as a “distribution fee”
SO TELL ME HOWWW HE COULD POSSIBLY BE BROKE LOL
There you go MTO gotta start another Drake YMCMB rumor cause all your other false rumors keep getting *** down so here yall go again People always talking mess we dont know whats going nor do yall know anything about what type of contract he has Broke I doubt it. And lets not forget he is Jew and ahh you cant Jew a Jew th
First of All MTO and all you gullible people who read this site and actualy believe it This rumor is not true at all He was on Degrassi do you honestly think his young money contract was the first contract he ever read or signed i sure he already knew how contracts work plus remember he ghost writes for Lil Wayne and alot of others come on people get it together MTO and like I said he's a Jew and You ain't Jewing no Jew. Broke I think not!
Young Money *** first Men Kissing Men, then Birdman is on Forbes while Lil Wayne not even on. Drake needs to Leave them ***'s alone. Drake will have to drop it like it's hot sooner or later cause Birdman and Lil'Wayne will have him kissing them other places. And Nicki Minaj the *** signing chicks boobs.
@@@ nicole10 YOU STATED; " BLACK MEN NEED TO LEARN HOW TO MANAGE THEIR MONEY, INVEST IT, STOP SPENDING IT ON FRIVOLOUS THINGS."-------- I wholeheartedly agree. Black men should indeed stop spending their hard earned money on frivolous things-----especially women. They have no resale value none the least.....Artofwar
MTO is retarted... 80%??? Who do you expect to believe that??? Yea maybe they can fool one of their other whack a.ss artist like Lil Twist into a deal like that but Drake made a name for himself before Young Money... Nobody f.ucks wit ur show money.. He prolly pays for the security but that aint s.hit if you makin over $100,000 a show... And didn't Drake go Platinum??? He's taking home atleast 75% off his record deal... Then he has endorsements with Sprite and that camera company so GET THE FU.CK OUTTA HERE...
I don't think this is accurate! I'm certain that person doesn't see his checks from the airplay Drake has gotten, nor his mechanical royalties as well. And yes, he has to pay those gents cause there a HUGE reason he has a brand and lets keep in mind, most new artist don't start of with $100,000,000 made, they pay dues. Im sure Drake has at least seven figures those around aren't aware of and, he's at the start of his career. I dont agree with folks calling this gent soft! Has nothing to do with a persons character, DO YOU DRAKE!
1) This story is weak. Of course he's not broke. Like any musician, he's contractually obligated to transfer a portion of his proceeds to his executives.
2) He still got them degrassi checks coming in.
3) When have you EVER heard of a rich Jew go broke? You know his already got investments and such.
Thanks for the story though. It was funny.
All he had to do was ask Juve, BG and Fresh about how it really goes down. Ask Gillie about Wayne's publishing...Baby and Slim some rapists; how else is Wayne gonna eat without doing to Drake what Baby and Slim doing to him? And now they got the newest, prettiest ho in Justin Beiber. Watch how long it takes before he's wanting to go 'in another direction'.
Baby buying the 2 million dollar whips and million dollar watches, not Wayne. Wayne got the IRS problems, not Baby or Slim.
Why is that?
That would explain why I haven't heard about this nukka recently. It's whatever. P Diddy did it to his peeps. Lil Wayne doing the same thing. Him and the Baby getting that cheddar from young nukkas who wet behind the ears. Ain nothing new. Probably having to bend over, too, on some jail ish.
Let Fiddy tell you how to rob an industry nukka.
