Nas Rumored to Earn $40 Million From Investing in a Doorbell Company
According to a report from We Buy Black, Nas may have taken home $40 million after the company Ring, which makes smart video doorbells, was purchased by Amazon for $1 billion. Being that Nas was one of Ring's first investors, the MC could be getting a nice payday.
Nas has done a good job at diversifying his bonds. Along with his investment in Ring, Nas and his QueensBridge Venture Partners firm have put money into Lyft, Dropbox, Coinbase, Tradesy and more.
In an interview with CNBC, the rapper's manager—Anthony Saleh—said the group invests anywhere from $100,000 to $500,000 in a company and has done more than 100 deals. "We concentrate on idea or the product, how big the market is and how the founding team is," he said.
Whatever the amount of money Esco is making, the lyricist is going to need it. In February, it was reported that ex-wife Kelis was seeking more child support money from the rapper. According to a TMZ report, the singer filed legal documents claiming the $8,000 a month she receives for their 8-year-old son Knight isn't enough.
The singer added that Nas is now doing much better financially and is more than able to increase the amount he currently pays. While a specific amount was not revealed, Kelis does want add-ons to the base.
News of Nas' reported earning has yet to be confirmed. XXL has reached out to the rapper's team.
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