The Icon himself Nas is proving that rappers are not dumb and can be savy business men. The legendary Queens Bridge rapper just hit the jackpot thanks to his early investment in the Doorbell Security company “Ring”. Ring was just bought by Amazon for $1.2 Billion dollars.
Nas was reportedly one of Ring’s first investors. Nas and his business firm Queensbridge Venture Partners, has invested in several companies over the past few years such as Lyft, Dropbox, Rap Genius, and SeatGeek.
Congrats are in order for Nas it is being reported that Nas has made over $40 Million dollars from his early investment in Ring.
Ring released this statement:
“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.”
— Forbes (@Forbes) March 3, 2018
Ring was rejected by Shark Tank. The founder asked for $700k at a $7M valuation in 2013 and it just sold to Amazon for $1B+.
— Web Smith (@web) February 28, 2018