At the lower end of this range, Durant's 2017 investment would now be worth $15.3 million. hangpeng Zhao, the founder and CEO of Binance, is the wealthiest person in crypto, worth an estimated $65 billion, according to Forbes' 2022 Billionaires rankings, published on Tuesday April 5. Coinbase shares closed at $328 after its first day of trading, giving the company a valuation of more than $85 billion. QueensBridge, which has invested in companies like Robinhood, Lyft, and Dropbox, could get from $34.76 million to $173.8 million based on a formula of $350 per share (QueensBridge owns anywhere from 99,329 shares to 496,642). 2023 Investguiding. After all, money is his honey. 3. dahred 2 yr. ago. With a standard IPO, a network of investment banks undertake a "roadshow" where they present the company's financials to investors with the goal of establishing a debut price. Nas has added a gaming company to his ever-expanding investment portfolio. } Nas has a net worth of $70 million. NYC rapper Nasir Jones, known to the world as Nas, creator of the seminal. who took home $35 million. The Humbling of Coinbase In just over a year, the United States' largest cryptocurrency exchange went from a triumphant public offering to a "crypto winter" of cost cutting and layoffs. The simplest way to see an NFT collection's royalties on OpenSea is to simply click the Buy Now button on a particular NFT. why does my wallet address change on coinbase, how to sell coinbase back to my bank account, where to place destination tag to send ripple from ledger. This is a ninefold increase from . 4. Coinbase is valued. Some bulls are projecting a valuation at $100 billion or better, which would make it bigger. With Durant and the Grammy Award-winning rapper making early investments in Coinbase, their reported return on investment is estimated to be in the multimillions. In addition to Bitcoin, Ethereum, Tether, Dogecoin, and other well-known coins, more than 7,000 cryptos are now trading on more than 300 exchanges globally. An early investor in the company, the rapper's stake is worth at least $40 million. Nas and Snoop Dogg invested in Robinhood 7 years ago. 8. QueensBridge typically makes $100,000 to $500,000 investments in emerging companies, and at the time, Coinbase shares were priced at about $1 apiece, according to CoinDesk. Another notable huge winner in the IPO is rapper Nas. In other words, Nas early investment is about to pay off, big time. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. div_id: 'div-gpt-ad-rightrail-1', Nasis looking at a major payday from his investment into cryptocurrency currency exchange platform Coinbase. BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. How much did Nas make off of Bitcoin? The New World of Sync: How Two Sync Music Pros Are Surviving COVID-19, Tunefinds 2022 Top TV Placements Show Sync Opportunities for Catalog Tracks Are Stronger Than Ever, Is Sync the New Radio? Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. On a gray morning in May 2016, I left my office in downtown San Francisco and walked down Montgomery Street, to Wells Fargo. Here is a breakdown of how much money Nas Daily accounts earn from ad revenue in 2022: Nas has started several business ventures outside of music, including Queensbridge Venture Partners, and has invested in Lyft, Robinhood, and PillPack. who took home $35 million. On the success of his work with Mass appeal, Nas co-founded QueenBridge Venture Partners to handle his investments going forward. Jones venture capital portfolio expands beyond just Coinbase. QueensBridge makes. cat: 'money', Depending on how close the share price gets to the $440 USD target, as it just closed out at $350 USD on private secondary markets, Nas QueensBridge Venture Partners could brand anywhere from $34.76 million $218.5 million USD. So yes, it is possible for Shiba Inu Coin to reach 1 cent; however, it will be very difficult. 32. Thirty-year-old crypto billionaire Sam Bankman-Fried took aim at Bitcoin, the world's largest cryptocurrency, saying it has no future as a payments network in an interview with Financial Times today. env: 'prod', Refresh the page or click the button below to continue. }, Nas has made millions off an early Coinbase investment. kw: 'mandc,kevin-durant,nas', Subscribe to Newsletter Nas performs onstage at the Northside Festival on June 7, 2019 in Aarhus, Denmark. pos: 'right_rail_1', It is one of the top 10 cryptocurrencies with millionaire-maker potential in 2022. 5. Nas ' investment firm, QueensBridge Venture Partners, could be banking big on Coinbase going public on the Nasdaq via a direct listing on Wednesday. We charge advertisers instead of our readers. Nas didn't invest in Coinbase directly, as his investment was made via his portfolio company Queensbridge Venture Partners. That . For now, the . This is a BETA experience. Rapper Nasir Jones, known better as Nas, has emerged as an unlikely winner in today's Coinbase IPO. Nas and basketball star Kevin Durant are known to have invested sums of money in Coinbase years ago back when its valuation was a fraction of what it is now. baseDivId: 'pb-slot-right-1', 37. Who is the youngest crypto billionaire? Conversation. An early investment that Nas made on a smart doorbell company is now paying off. Back then, it was worth roughly $143 million. The track itself is a standard and forgettable hip hop ballad. }, 9 six = .hide-if-no-js { ]); Invest Your Money If you want to get rich from nothing, investing is a must. In recent years he has gained additional acclaim (and wealth) as an early-stage venture investor. Jay-Z and Twitter CEO Jack Dorsey, prior to revealing that Dorseys Square would purchase the rappers Tidal streaming service, pledged $23 million to a Bitcoin development fund. Unfortunately Not Very Much (Updated for 2023), How Much Does Spotify Pay Per Stream? The cryptocurrency exchange was valued at $99.6 billion today when trading began and reached a valuation of over $100 billion in minutes. As one of the first investors in Ring, a doorbell security company, Nas will now receive over $40 million now that the company has been acquired by Amazon for $1.2 billion, according to a report from webuyblack.com. Some of Nas' early tech investments include Dropbox, Coinbase, Ring Lyft, Genius, and Pluto TV. subcat: '', U.S. rapper Nasir Jones (better known by his stage name, Nas) is among the fortunate few to have made early investments in Coinbase, the cryptocurrency exchange expected to reach over $100 billion in valuation when its COIN stock lists on Wednesday. }, one + 8 = .hide-if-no-js { Two-time NBA champion Kevin Durant just joined rapper Nas in earning huge payouts from their early investments in the cryptocurrency trading platform Coinbase. You may have more than one ad-blocker installed. If you think you missed the chance to become one of many Shiba Inu millionaires over the past year, here's why you should check out EverGrow Coin. Complex Media, Inc. All Rights Reserved. Jay-Z set up a Bitcoin development fund worth 500 Bitcoin ( BTC ) in cooperation with Twitter CEO Jack Dorsey in February. Nas is looking at a major payday from his investment into cryptocurrency currency exchange platform Coinbase. Sales Partnership Solutions According to the SEC filing, Ribbit Capital owns at least 5% of Coinbaise shares. Forks and airdrops may not make you rich overnight, but they're a great way to accumulate excess cryptocurrency, which can help you build long-term wealth. 64 Countries. Winner in life, fuck a coin toss / Im coinbased, cryptocurrency Scarface, $40 million stake in cryptocurrency exchange Coinbase, , which he announced in the middle of last month, following, Nas invested between $100,000 and $500,000 dollars through his company QueensBridge Venture Partners during an investment round in 2013, reported. So, I really, really, really hop Nas decided to sell at some point in the last year. Rapper Nas Scored $40 Million From Coinbase's IPO. Ring is a home security company that manufactures security cameras and doorbells. With Coinbase shares being around $1 at the time of his early 2013 investment, if Nas purchased 500,000 shares, he could be seeing a return of around $165 million. But at the current moment, Shiba Inu is aiming to be the next Bitcoin in the crypto market. What happens when no more shares to short? Introduction: My name is Greg O'Connell, I am a delightful, colorful, talented, kind, lively, modern, tender person who loves writing and wants to share my knowledge and understanding with you. Coinbase made a rousing debut on Wall Street Wednesday, with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion. According to research put together by Coindesk.com, Nas has a stake in Coinbase that could be worth well over $100 million. If he made an investment along the lower end of his spectrum, the 2x NBA Finals MVP would have a current ROI of $15.3 million. How long does it take to discover a data breach? Rapper Nasir Jones, known better as Nas, has emerged as an unlikely winner in todays Coinbase IPO. aid: '713496', BE 100s Nas promptly took to Twitter during the exchanges direct listing on April 14 2020 to tweet: Long crypto forever. in sickness & in health. QueensBridge makes early-stage investmentsbetween $100,000 and $500,000, according toco-founder Anthony Saleh. The cryptocurrency exchange was valued at $99.6 billion today when trading began and reached a valuation of over $100 billion in minutes. His investment group, QueensBridge Venture Partners, jumped on a Series B investment for Coinbase back in 2013, when the company raised $25 million. 10. Yes, Shiba Inu Coin (SHIB) has many catalysts that will allow it to grow over time. Long crypto forever. billionaire Sam Bankman-Fried How do you make millions with cryptocurrency? There is a reason why rapper Nas will be worth $100 million from his initial investment in Coinbase. After you increase your income and cut expenses, investing will put your money to work for you. Wu Tang Clan, Nas NY State of Mind Tour 2023: Dates, Venues, How to Buy Tickets, More!,The Wu Tang Clan and Nas are back on their famous link-up and are embarking on their State of Mind Tour this 2023! Beatrice. These companies include direct-to-consumer mattress company Casper, ticket reseller SeatGeek, digital media brand Genius, ride-sharing service Lyft, and personal cloud storage service Dropbox to name a few. In addition to Coinbase, Durant holds investments in companies like Postmates, Acorns, Andbox, and alternative-asset-management company Alt. When Nas said "I'm coin-based, basically cryptocurrency Scarface" I really felt that. This will open a checkout window that displays the Creator Fees. Without advertising income, we can't keep making this site awesome for you. After Coinbase went public on Wednesday, its shares closed at $328 on the opening day leading to a company valuation of over $85 billion, Newsweek reports. About Durant is reported to have invested a little later during a 2017 funding round when Coinbase was valued at around $1.6 billion. What does E-Trade charge for penny stocks? B.E. Create a Coinbase account to buy and sell Bitcoin Cash on the most secure crypto exchange. Nasir's firm Queensbridge Venture Partners invested as much as $500,000 for nearly 100,000 shares of Coinbase, the San Francisco startup founded in 2013. Shares of Coinbase Global Inc., the largest U.S. cryptocurrency exchange, started trading Wednesday under the ticker symbol COIN. playerId: '54515f60-b777-49b5-9cdd-1ec71c3b2620' With Coinbase's Nasdaq debut on Wednesday, Union Square's wager on a web service that at the time had just over 100,000 members buying and storing bitcoin is now worth about $4.6 billion. An early investment that Nas made on a smart doorbell company is now paying off. display: none !important; Coinbase, a San Francisco startup that allows people to buy and sell digital currency, became the first major cryptocurrency company to go public when it made its stock market debut on Wednesday.. Nas loves to invest money in tech companies. Go to https://www.coinbase.com from a browser on your computer, or download and open the Coinbase app on Android or iOS to get started. $40 million The return on investment could help Durant move closer to his goal of owning an NFL team at some point in the future. targeting: { Another jibed that he almost broke [his] thumb turnin it off: Nas called himself the crypto currency scarface and I almost broke my thumb turnin it off https://t.co/xlbFUCqLeZ, PrThegreat609 (@CoachPr_NJ) April 30, 2021. A chance to own a piece of boxing history. Nas invested in Coinbase through his company QueensBridge Venture Partners. 0 Hypes. How much is Naz worth? When Coinbase raised $25 million in a Series B funding round in 2013, Queensbridge announced it was an investor. An early investor in the company, the rapper's stake is worth at least $40 million. At that point a single Bitcoin cost around $130. Coinbase Stock Frequently Asked Questions:By popular demand, here are some of the Royal enables fans to be a part of the artists' journey by selling song rights as NFTs, giving a chance for anyone to own a piece of their favorite musicians' songs and earn royalties with the artist. Speaking of electricity: Selim Basak September 10, What is your position and what gesture are you ready to make to correct? Shiba Inu has a direct relationship with the Bitcoin price. Coinbase now has a market cap of $60 billion and each share trades for $297. How much do SA rappers earn per month? Compounding interest allows it to grow much more quickly than simply accumulating money in a checking account. Today, Robinhood's worth $32 billion. As you probably know if you've been even a casual CelebrityNetWorth. 44. The specific amount is not known but Anthony Saleh, a partner at. Several companies Nas has invested in have been big winners. } On average, the trading cost will be around $0.00004379. At the share price of $415 that the stock reached minutes after trading began, those shares were worth between $41.2 million and $206 million. There wasnt a time when [rappers] didnt think about investing, says Nas. And shortly after the market closed yesterday, the New York City native penned a brief follow-up message, tagging Coinbase co-founders as well as financial professional Ben Horowitz and Chris Dixon, general partner at the latters Andreessen Horowitz. Coinbase CEO Brian Amstrong. subcat: '', Armstrong owns a stake of about 19% in Coinbase, and his estimated net worth is $14.7 billion. div_id: 'div-gpt-ad-rightrail-2', It's no secret that cryptocurrency exchange Coinbase's IPO made a lot of people money, but one surprising winner was Nas, the iconic east-coast rap icon.Apr 16, 2021 You may opt-out by. Based on my back of the spreadsheet calculations, the value of the remaining streams for the song Rare are worth as much as $1.7M, and as little as $224K. You may have to select a menu option or click a button. However, there was a new name on the list: legendary rapper Nas. aid: '713496', Which coin can make you a millionaire? Nas investment firm, QueensBridge Venture Partners, could be banking big on Coinbase going public on the Nasdaq via a direct listing on Wednesday. Black Men XCEL Thirty-year-old crypto billionaire Sam Bankman-Fried took aim at Bitcoin, the world's largest cryptocurrency, saying it has no future as a payments network in an interview with Financial Times today. On Wednesday, Coinbase is expected to debut at $350 per share. tude.cmd.push(function() { 50 Cent Fans Clown Rick Ross Over Richer Than I Ever Been Album About Nuseir: Nuseir Yassin, founder and CEO of Nas Daily, has grown to be one of the most influential content creators on social media. According to the Hollywood Reporter, the hip-hop mogul has teamed up with Google and others to raise a $20 million financial backing for Carry1sta mobile game published based in Cape Town, South Africa.