It appears that life is STILL good for Nas, at least on the financial side.
BET.com reports that an early investment in the company Ring could yield Queensbridge’s favorite son a whopping multi-million dollar return.
The New York emcee’s QueensBridge Venture firm was one of the first to invest in the company specializing in video-doorbell services, security cameras, and home security systems. Now, that imprint has sold to Amazon, and for some serious cash.
According to Axios, Amazon shelled out $1.2 billion for Ring.
You read that right: $1.2 BILLION.
The online retailing giant has reportedly been focusing on the smart home industry heavily as of late, putting their name on in-home delivery services and AI speakers. Ring released a statement after the reported acquisition.
“Ring is committed to our mission to reduce crime in neighborhoods by providing effective yet affordable home security tools to our Neighbors that make a positive impact on our homes, our communities, and the world. We’ll be able to achieve even more by partnering with an inventive, customer-centric company like Amazon. We look forward to being a part of the Amazon team as we work toward our vision for safer neighborhoods.”
Exact figures have not been made public, multiple sources report that Nas could take home as much as $40 Million dollars.
While an increase in income is a celebration, the likelihood that his ex-wife Kelis takes him back to court for increased child support is very likely. The tumultuous relationship between the pair hit a sour patch once more when Kelis took the rapper to court once more to request additional child-support after he requested more visitation time with their son.
