HomeCelebrityHow Did Drake Lose $1.6 Million In One Day?

    How Did Drake Lose $1.6 Million In One Day?

    Drake is counted as one of the most influential rappers of his generation. The Canadian-born is known for popularizing singing and R&B sensibilities in hip-hop music. With more than 170 million records sold, he is one of the world’s best-selling music artists of all time.

    However, currently, the ‘Hot Line Bling‘ singer is in the news for a weird reason. He lost around $1.6 Million in one day. That’s a massive amount of money, even for a celebrity. So how did it happen? Let’s find out the reason behind his lost dollars.

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    How Did Drake Lose $1.6 Million In One Day?

    Drake Falls On The First Place In The List

    We revere celebrities so much that we tend to forget that they are also human beings and will commit mistakes. A recent event has cemented that fact once again.

    According to Mirror, Drake lost $1.6million after betting on Israel Adesanya to beat Alex Pereira at UFC 281. He put a massive seven-figure bet on his friend Adesanya, who was defending his middleweight title for the sixth time at UFC 281 in New York against old kickboxing rival Pereira.

    Adesanya was knocked out with just three minutes remaining in the fight, resulting in the Grammy Award winner losing a lot of money in just one day. The rapper has a long history of putting his money on UFC fights.

    After the defeat, Adesanya said: “He’s durable and he recovers well. Even in the fifth round, I knew he was going to come strong because he was down. Same thing as last time again. Kudos to him for investing in those calf kicks, because it cost me. It’s another great story for him, but it’s not over. This is still war.”

    In case you missed: Why Are Drake And 21 Savage Sued By Condé Nast?

    Condé Nast Sued Him And 21 Savage

    21 Savage and Drake
    21 Savage and Drake

    The ‘Take Care‘ groover and 21 Savage recently released an album titled ‘Her Loss‘ in collaboration. A mass media company named Condé Nast has sued both artists for using a phony Vogue cover to promote their album, accusing them of trademark infringement.

    According to the lawsuit, the company is dragging them to court for rolling out a “deliberately deceptive” campaign “built entirely on the use of the VOGUE marks.

    The complaint reads, “That Defendants would knowingly violate Condé Nast’s rights in this manner underscores the tremendous value that a cover feature in Vogue magazine carries to amplify sales of an album that was to be released days after Defendants commenced their deceptive campaign.”

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