What Is Nas’ Estimated Net Worth?
Nas has a net worth of $70 million and is an American rapper, songwriter, actor, entrepreneur, and investor. Nas rose to international prominence as a hip-hop artist, as you may know. “Illmatic,” his debut album from 1994, is largely regarded as one of the best hip-hop albums ever made. As an early-stage venture investor, he has acquired a significant reputation (and fortune) in recent years.
Nas has a track record of making successful early investments, notably in technology firms. Dropbox, Coinbase, Ring Lyft, Genius, and Pluto TV are among Nas’ early internet investments.
Early Life:
Nasir bin Olu Dara Jones was born on September 14, 1973, in Brooklyn, New York. Olu Dara, his father, is from Mississippi, and Fannie Ann, his mother, is from North Carolina. His father is a jazz and blues performer. His mother is employed by the United States Postal Service. Nas has a brother, Jabari, who is also a rapper and is better known by his stage name Jungle.
Jabari is a member of Bravehearts, a hip-hop group. Nas began playing the trumpet when he was four years old. Nas discovered the then-unknown genre of rap when he was nine years old. In 1985, his parents split. Nas dropped out of eighth grade and never went back to school.
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Career:
Nas played on Main Source’s “Live at the Barbeque” in 1991. Nas earned a record deal with Columbia Records in mid-1992, largely to his then-manager MC Serch’s efforts. Nas debuted as a solo artist with the single “Halftime” from the soundtrack for the film Zebrahead, which was composed by MC Serch. Nas’ exceptional rhyming abilities drew a lot of attention from the hip hop scene.
Illmatic, Nas’ debut album, was released in 1994. “It Ain’t Hard to Tell,” “One Love,” and “The World Is Yours” were among the singles released by Illmatic. The Source named Illmatic as the best album of 1994. It Was Written, Nas’ second album, was released in 1996. “If I Ruled the World (Imagine That)” and “Street Dreams,” both featuring Lauryn Hill, were instant hits. The Firm, a supergroup comprised of Nas, AZ, Foxy Brown, and Cormega, made their debut on It Was Written.
Dr. Dre’s Aftermath Entertainment label signed The Firm, and they began work on their debut album. Cormega was sacked from the band halfway through the album’s recording. Nature became the Firm’s new fourth member. The Firm is a collaboration between Nas, Foxy Brown, AZ, and Nature. In 1997, the album was released to mediocre reviews. Despite its platinum status, the record failed to chart, and The Firm split.
Nas went on to create nine more albums, including I Am…, Nastradamus, Stillmatic, God’s Son, Street’s Disciple, Hip Hop Is Dead, 2008’s Untitled, 2012’s Life is Good, and Nasir in 2018. He has received 13 Grammy nominations and six MTV Music Video Awards. He’s won one of the three BET Awards he’s been nominated for.
Nas worked with Lin-Manuel Miranda and others on the song “Wrote My Way Out” for The Hamilton Mixtape in November 2016.
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Venture Capitalist:
Nas has retained a deep interest and expertise in emerging technology over the years as a venture capitalist. He is a co-founder of Queensbridge Venture Partners, a venture capital business.
Over the years, Queensbridge has made dozens of investments, some of which have significantly increased in value. The majority of the firm’s investments are in the $100,000-$500,000 bracket. Every month, the fund receives over 100 presentations from new businesses seeking funding.
Dropbox, Lyft, SeatGeek, General Assembly, Robinhood, Casper, Pill Pack, Pluto TV, Coinbase, and Genius are among QueensBridge’s most successful investments.
When Amazon bought Ring for $1.1 billion in 2018, QueensBridge owned a tiny stake in the company. For his interests in Ring and Pill Pack, QueensBridge received $40 million from Amazon.
Pluto TV was purchased by Viacom for $340 million in 2019.
Coinbase’s 2013 Series B round, which raised $25 million at a $143 million value, included QueensBridge as an investor. QueensBridge’s investment was worth between $35 million and $100 million when Coinbase went public in April 2021.
Nas is also a partner in the Sweet Chick chicken and waffle business. John Seymour opened the first site in 2013. When Nas first walked into a Sweet Chick, he knew he wanted to be a part of the southern cuisine with a hip hop twist. Sweet Chick has locations all across New York, including Brooklyn, Manhattan, and Queens, as well as Los Angeles and London.
Personal Life:
Nas’s daughter Destiny was born on June 15, 1994, in his personal life. Carmen Bryan, Nas’ ex-fiancée, is Destiny’s mother. Carmen eventually acknowledged having an affair with Nas’s antagonist and rival, Jay-Z.
Nas had a brief relationship with Mary J. Blige.
Fannie Ann, Nas’ mother, died in 2002.
Nas married singer Kelis in Atlanta in 2005 after two years of courtship. Kelis filed for divorce in April 2009, while she was seven months pregnant, citing irreconcilable differences. On July 21, 2009, Kelis gave birth to Nas’s son Knight. On May 21, 2010, the couple’s divorce was finalized. Nas was accused of being physically and mentally abusive to Kelis during their marriage in 2018.
Kelis has been accused by Nas of “extremely hostile behavior and verbal abuse,” as well as “physical violent attacks.” The exes’ relationship is still tumultuous. Kelis, who has now remarried and given birth to a second son, also refuted Nas’ claims that she is keeping Knight hidden from him.
Nas reconnected with his ex-wife Carmen Bryan in June 2020 to celebrate their daughter Destiny’s 26th birthday in a gesture of family unity.
Issues with the Internal Revenue Service:
In September 2009, the IRS filed a federal tax lien against Nas for approximately $2.5 million, claiming unpaid taxes dating back to 2006. His tax obligation had increased to more than $6.4 million by early 2011. The IRS has filed proceedings to garnish a portion of Nas’s profits until his unpaid tax debt was paid, according to reports from 2012.
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Highlights of Nas’ Earnings:
Between September 2017 and September 2018, the company made $35 million. Nas made $19 million between September 2018 and September 2019.
Real Estate:
Nas bought a home for $659,000 in the Atlanta neighborhood of McDonough, Georgia in early 2002. Built-in 1999, the 3,592 square foot home features two bedrooms, three full and one-half bathrooms, and a swimming pool.
Nas and his then-wife Kelis paid $1.6 million for a property in Los Angeles in mid-2007. The house, which is 3,207 square feet and contains four bedrooms and three bathrooms, was built in 1947.
Nas purchased a home in Calabasas, California for $3.5 million in November 2021. The land is ten acres in size.