Drake’s investment savvy just turned up the heat, landing him a massive payday as Dave’s Hot Chicken gets scooped up for $1 billion by Roark Capital, the same firm that owns Subway. The fast-casual chain, known for its fiery Nashville-style hot chicken, went from a parking lot pop-up to a global sensation, and Drake’s early bet on the brand has paid off big time. Announced on June 3, 2025, this deal marks a sizzling milestone for both the rapper and the restaurant chain.
Founded in 2017 by four friends with just $900, Dave’s Hot Chicken started in an East Hollywood parking lot, serving jumbo tenders and sliders with spice levels so intense that the “Reaper” option requires a waiver. By 2025, the chain had grown to over 300 locations across the U.S., Canada, Dubai, and Qatar, earning the title of America’s Fastest Growing Restaurant Chain in 2023 from industry analysts. Its viral appeal, with over 200 million organic TikTok views and a massive Instagram following, made it a prime target for Roark Capital, which plans to open more than 155 new locations this year, pushing the chain past 400 spots worldwide.
Drake jumped into the Dave’s Hot Chicken game in 2021, snagging a major stake alongside other big names like Samuel L. Jackson. While exact figures remain under wraps, rumors swirling on social media suggest his share was between 25% and 35%, potentially netting him anywhere from $100 million to $300 million from the $1 billion sale. That’s a spicy return for an investment made just four years ago. Drake’s involvement wasn’t just financial; he hyped the brand on Instagram, praising the food and the founders’ story, which helped fuel its meteoric rise.
The acquisition by Roark Capital, a powerhouse behind brands like Dunkin’ and Buffalo Wild Wings, signals big plans for Dave’s. The company’s leadership, including CEO Bill Phelps, will stay on to drive menu innovation and global growth, ensuring the chain keeps its edge in the competitive fast-casual scene. For Drake, this deal is more than a win; it’s proof his business moves are as sharp as his rhymes.
