However, a new study has found that he was repeatedly prosecuted and fined for illegally hoarding food, and threatened with jail for failing to pay his taxes, The Sunday Times reported.
Court and tax records show that over a 15-year period Shakespeare purchased grain, malt and barley to store and resell for inflated prices, according to a paper by Aberystwyth University academics Dr Jayne Archer, Professor Richard Marggraf Turley and Professor Howard Thomas.
The study notes: "By combining both illegal and legal activities, Shakespeare was able to retire in 1613 as the largest property owner in his home town, Stratford-upon-Avon. His profits - minus a few fines for illegal hoarding and tax evasion - meant he had a working life of just 24 years."
The research sheds new light on Shakespeare's play Coriolanus - written around the time of a 1607 peasant revolt in the Midlands - which centres on riots over grain-hoarding by the wealthy few.
Dr Archer, a researcher in Renaissance literature, told The Sunday Times: "There was another side to Shakespeare besides the brilliant playwright - as a ruthless businessman who did all he could to avoid taxes, maximise profits at others' expense and exploit the vulnerable - while also writing plays about their plight to entertain them.”