Every hip-hop artist knows that they are not getting rich off album sales, and that’s why creating several different streams of revenue is key. From owning businesses to sponsorships to investing, Nas is one hip-hop artists who has the formula memorized.
In his latest venture, Nas with QueensBridge Venture Partner, according to CNBC, has invested in more than 40 startups across a range of sectors in technology, healthcare, ride sharing and music production.
CNBC recently caught up with Nas to ask him about his investments
“I’ve always wanted to be surrounded by the smartest people in the world, and didn’t want to limit that to just music. I want to meet the people who are innovating in different fields, and investing lets me do that. I meet the people that are changing the game across all different industries, and I get to be there first at the ground level. It’s helped me to progress tremendously in my business.”
QueensBridge gets pitched by over 100 companies very month but they only select about 20 companies to invest in. The investments range from $100,000 to $500,000. The latest startup QueensBridge invested in is LANDR, a startup that uses data and artificially intelligence to produce music.
Sounds like Nas is a billionaire in the making.
Never miss a story. Follow us on Twitter and Instagram, @BlameEbro and like our Facebook page, here.