Biography & Early Wealth Journey

Another notable huge winner in the IPO is rapper Nas.

(Photo by Molly Riley/Getty Images)

According to research put together by Coindesk.com, Nas has a stake in Coinbase that could be worth well over $100 million.

Primary Income Streams & Multi-Million Contracts

As you probably know if you've been even a casual CelebrityNetWorth reader over the last few years, Nas is an extremely successful venture capital investor.

His foray into venture investing was born back in 2013 when he made a six-figure investment in a defunct media brand called "Mass Appeal." Along with a capital injection from investment firm White Owl Partners, Mass Appeal was soon resurrected from a dead brand to one that today operates a quarterly print publication, creative agency, a digital video production company and documentary production company. In 2014 Mass Appeal launched a record company that released Nas' 2018 album "Nasir" and 2020 album "King's Disease".

On the success of his work with Mass appeal, Nas co-founded QueenBridge Venture Partners to handle his investments going forward. He raised around $10 million from investors and injected several million of his own dollars.

He proceeded to seed dozens of companies, reportedly hearing 100 pitches a month to this day.

Trending Wealth Dossiers:

Real Estate, Luxury Assets & Personal Investments

Some of QueensBridge's biggest hit investments include

  • Dropbox
  • Lyft
  • SeatGeek
  • General Assembly
  • Robinhood
  • Casper
  • Pill Pack
  • PlutoTV
  • Genius
  • Ring

Annnd Coinbase.

QueensBridge invested in Coinbase's 2013 Series B round which raised $25 million and gave the company a valuation of $143 million. At that point a single Bitcoin cost around $130.

Wealth Trajectory & Future Earnings Projections

According to Coindesk's analyses, if QueensBridge's average investment is between $100,000 and $500,000, the VC firm would have bought between 100,000 and 500,000 shares at that round.

On Wednesday, Coinbase is expected to debut at $350 per share. At that price per share, the company's valuation will be $100 billion. If that happens, and these numbers are accurate, Nas' stake will be worth between:

$35 million and $175 million

If Coinbase outperforms expectations and ends up with a price per share of $440, as some price targets predict on the high end, Nas' stake will be worth between:

$44 million and $220 million

Nas on the Nasdaq. Has a nice ring to it!