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One of America’s most successful rappers, Nas is worth an estimated 70 million dollars. As you may have heard, Nas was first recognized as a hip-hop performer. His debut album, “Illmatic,” was released in 1994 and is widely regarded as one of the best hip-hop albums ever.
As an early-stage venture investor, he has recently acquired more acclaim and money. A lot of Nas’ early investments have proven to be profitable, with a focus on technology firms. Coinbase, Ring Lyft, Genius, and Pluto TV are some of Nas’ early tech ventures.
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Table of Contents
Nas
| Net Worth: | $70 Million |
| Date of Birth: | Sep 14, 1973 (48 years old) |
| Gender: | Male |
| Height: | 5 ft 9 in (1.765 m) |
| Profession: | Record producer, Actor, Songwriter, Poet, Rapper, Film Score Composer, Businessperson, Screenwriter, Film Producer |
| Nationality: | United States of America |
Early Life
On September 14, 1973, Nasir bin Olu Dara Jones was born in Brooklyn. Mississippi-born father Olu Dara and North Carolina-bred mother Fannie Ann are the parents of his son. A jazz and blues musician is his father. His mother is an employee of the U.S. Postal Service.
Jabari Nas, also known as Jungle, is Nas’ younger brother and a fellow rapper. In the Bravehearts hip-hop group, Jabari is a member. Nas began playing the trumpet when he was just four years old. In 1979, at the age of nine, Nas discovered hip-hop, which was then completely unheard of music. In 1985, his parents split up. When Nas was just eight years old, he decided to drop out of school and become a drug dealer.
Nas is expected to net $100M in profit once Coinbase’s IPO takes place.
Nas was an early investor in Coinbase, Robinhood, Lyft & Dropbox which have all become very successful businesses.
Nas’ net worth is currently estimated at $70M. pic.twitter.com/MeTS4kpczc
— My Mixtapez (@mymixtapez) April 13, 2021
Career
At the Barbeque” on Main Source in 1991, Nas performed. The efforts of Nas’ then-manager MC Serch led to a record deal with Columbia Records in the middle of 1992. His solo debut was “Halftime” from MC Serch’s soundtrack to the film Zebrahead, which included Nas. Hip-hop fans were drawn to Nas because of his impressive rhyming abilities.
1994 saw the release of Nas’s first full-length album, Illmatic. “It Ain’t Hard to Tell,” “One Love,” and “The World Is Yours” are just a few of Illmatic’s hit tracks. The Source named Illmatic the year’s finest album. In 1996, Nas released his second album, It Was Written. ‘If I Ruled the World (Imagine That)’ and ‘Street Dreams,’ both featuring Lauryn Hill, became instant hits. The Firm, a supergroup made up of Nas, AZ, Foxy Brown, and Cormega, debuted on It Was Written.
Upon signing with Aftermath Entertainment, The Firm began working on its first album. In the middle of recording the album, Cormega was sacked from the band. Nature was added to the Firm’s ranks. Presenting The Firm: Nas, Foxy Brown, AZ, and Nature The Album was released in 1997 and had a mixed response from the public. The firm collapsed despite the album’s platinum certification.
A total of ten studio albums were released by Nas throughout his career: “I Am…,” “Nastaramus,” “Stillmatic,” “God-Son,” “Street-S Disciple,” “Hip Hop is Dead,” “2008,” “Untitled,” “2012,” “Life is Good,” and “Nashir” (2018). Thirteen Grammy Awards have been nominated for him, as well as six MTV Video Music Awards. He has been nominated for three BET Awards and has won one of them.
Nas and Lin-Manuel Miranda worked together in November 2016 on a song named “Wrote My Way Out” for the Hamilton Mixtape.
Venture Capitalist
Nas has always had a strong interest in and understanding of new technology. He is a co-founder of Queensbridge Venture Partners, a venture capital business.
As a company, Queensbridge has made many investments, many of which have grown significantly in value. Investments made by the company typically fall within the $100,000 to $500,000. The fund receives more than 100 new business proposals per month.
Dropbox, Lyft, SeatGeek, General Assembly, Robinhood, Casper, Pill Pack, Pluto TV, Coinbase, and Genius are just a few of Queensbridge’s most successful investments.
Amazon bought Ring in 2018 for $1.1 billion, and Queensbridge held a modest stake in the company. In return for his investments in Ring and Pill Pack, Queensbridge received $40 million from Amazon.
A year later, Viacom paid $340 million for Pluto TV.
Coinbase’s 2013 Series B round raised $25 million at a $143 million valuation, and Queensbridge was one of the investors. Queensbridge’s stake in Coinbase will be worth between $35 million and $100 million by the time the company goes public in April 2021.
In May 2022, the company’s price had dropped to roughly $13 billion, so perhaps Nas sold some of his Coinbase stock during the first year following the IPO.
Nas also has a stake in Sweet Chick, a chicken-and-waffle joint. John Seymour, the founder, inaugurated the first facility in 2013. As soon as Nas saw the southern eatery with a hip hop flair in Sweet Chick, he knew he had to become involved. Aside from New York, Sweet Chick has locations in Los Angeles and London as well as in Brooklyn, Manhattan, and Queens.
Personal Life
Destiny, Nas’s daughter, was born on June 15, 1994. Ne-yo’s ex-girlfriend Carmen Bryan is the mother of Destiny, Nas’s only child. Later, Carmen admitted to having an affair with Jay-Z, Nas’s archrival and enemy.
Nas and Mary J. Blige had a brief romance.
Fannie Ann, the mother of Nas, died in 2002.
Nas married Kelis in Atlanta in 2005 after two years of dating. Kelis filed for divorce in April 2009, citing irreconcilable differences, while she was seven months pregnant. On July 21, 2009, Kelis gave birth to Nas’s son, Knight. On May 21, 2010, the couple’s divorce was finally formalized. During their marriage, Kelis claimed that Nas had been physically and mentally abusive.
Nas has accused Kelis in public of “extremely hostile behavior and verbal abuse” and “physical violent attacks” on him. The two ex-partners’ relationship is still tense. In response to Nas’s assertions that she is keeping Knight from him, Kelis has subsequently remarried and given birth to a second son.
Reuniting with ex-wife Carmen Bryan in June 2020 to celebrate their daughter Destiny’s 26th birthday was a family gesture of togetherness for the rapper.
IRS Issues
Nas was served with a federal tax lien by the Internal Revenue Service in September 2009 for nearly $2.5 million for unpaid taxes dating back to 2006. By the beginning of 2011, he owed almost $6 million in back taxes. After Nas’s tax payment went unpaid in 2012, the IRS filed paperwork to garnish a portion of the rapper’s earnings.
Earnings Highlights
Nas made $35 million between September 2017 and September 2018. Nas made $19 million between September 2018 and September 2019.
Real Estate
Nas bought a house in McDonough, Georgia, in early 2002 for $659,000. The 1999-built 3,592-square-foot house contains two bedrooms, three and a half bathrooms, and a swimming pool.
Nas and Kelis bought a Los Angeles property for $1.6 million in mid-2007. Built-in 1947, the 3,207-square-foot house offers four bedrooms and three bathrooms.
A property in Calabasas, California, cost Nas $3.5 million in November 2021. The land is 10 acres in size.
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