The internet is on fire with rumors one of the hottest rappers in the game is dead broke! Peeps close to Drake’s label, Young Money, tell BMS that he’s basically living check to check! Word is his contract with the label means he has to pay Lil Wayne & Baby everytime he makes a dime, this includes his songs, concerts, promos, endorsements, etc! On top of that Drake has to pay Young Money’s huge security team when he’s on the road. Basically, nearly 90% of his cash goes to the label and not to his bank account…dayum!
On the flip side, our sources tell us Drake is throwing cash around like crazy! He recently dropped $300K on a Lamborghini and word is he’s spending more than $100K at the strip club! Somebody needs to tell him makin’ it rain gone land his azz on the street! Jus sayin…
This could be why we keep hearing Drake wants to leave Young Money and sign with Jay Z’s Roc Nation label! We toldja Drake is trying hard to get into the movie industry, Young Money won’t be able to touch that cash. Its also got us thinking this may be why Bow Wow was dropped from Young Money! He probably didn’t want to give them all his bank! No official word from Drake & Lil Wayne’s crew on the rumors.
Peep the video where he talks about the rumors of leaving Young Money: