Now he's decided to throw his weight behind some of his favorite bands.
Elba has set up his own label, 7Wallace Music and his first signing is French-Cameroonian artist and Diddy associate James BKS.
The 45-year-old told Billboard: “James is a rare find. His hip-hop sensibilities transfer to the other music he makes, he’s a nice person to work with and is gonna be a strong artist for the future.
"It’s a huge move for 7Wallace, a small indie label."
A small indie label with a millionaire boss, mind.
James BKS’ debut single Kwlele is set for release next month.
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