According to the research by Aberystwyth University, the Bard of Avon hoarded grain and sold it to the poor at inflated prices, the Mirror reported.
Shakespeare was even taken to the courts and threatened with prison for dodging taxes and was fined for stockpiling food at a time when Europe was facing famine.
Researchers said that his business deals also helped him become one of Warwickshire's largest landowners.
The researchers wrote that over a 15-year period, Shakespeare purchased and stored grain, malt and barley for resale at inflated prices to neighbours and local tradesmen.
They said that in February 1598 Shakespeare was prosecuted for holding 80 bushels of malt or corn during a time of shortage.
Researchers added that Shakespeare pursued those who could not pay him in full for these staples and used the profits to further his own money-lending activities.
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