Net Worth Ranker
What Is Nipsey Hussle’s Net Worth?
At the time of his tragic death on March 31, 2019, Nipsey Hussle’s net worth was estimated to be $8 million. This valuation encompassed a range of assets, including short-term investments, cash, stocks, real estate holdings, and interests in trusts. A legal assessment filed by his estate a year and a half after his passing placed the value at $4.2 million, specifying the value of Nipsey’s likeness at $913,000. The $4.2 million estimate did not include the value of his master recordings, which he owned, his music publishing rights or any funds placed into trusts prior to his death. His ownership of master recordings positioned his estate for potentially significant future income streams.
Nipsey Hussle: Early Life and Career Beginnings
Ermias Asghedom, known professionally as Nipsey Hussle, was born on August 15, 1985, in Los Angeles, California, to Angelique Smith and Dawit Asghedom. He grew up in the Crenshaw neighborhood of South Los Angeles alongside his brother Samuel and sister Samantha. Nipsey attended Alexander Hamilton High School in the Castle Heights neighborhood but dropped out before graduating. At the age of 14, he affiliated himself with the Crips, a gang with a strong presence in Crenshaw. In 2004, when he was 19, Nipsey and his brother Samuel traveled to Eritrea, East Africa, with their father for three months. Nipsey credited this trip with inspiring his commitment to community activism.
Nipsey Hussle launched his career with the independently released mixtape “Slauson Boy Vol. 1,” which later became the name of his record label. In 2008, he signed with Cinematic Music Group and Epic Records, subsequently releasing the mixtapes “Bullets Ain’t Got No Name Vol. 1” and “Bullets Ain’t Got No Name Vol. 2.” His debut single, “Hussle in the House,” came out in 2009, along with a third mixtape, “Bullets Ain’t Got No Name Vol. 3.” He collaborated with Drake on the song “Killer” and appeared with Snoop Dogg and Problem on “Upside Down,” significantly increasing his profile. These early collaborations exposed his talent to a wider audience and helped build a strong foundation for his later successes. Nipsey ultimately decided to leave Epic Records in 2010.
Nipsey Hussle’s Musical Achievements and Business Ventures
In 2010, after parting ways with Epic Records, Nipsey Hussle founded his own record label, All Money In. In 2013, he announced the release of his mixtape, “Crenshaw,” with guest appearances from Rick Ross, Dom Kennedy, Slim Thug, James Fauntleroy II, Z-Ro, Skeme, and Sade. The mixtape gained considerable attention for its unique marketing strategy. Hussle priced it at $100 per copy, a move that initially seemed unconventional but ultimately reinforced his brand’s image of high value and exclusivity. Jay-Z reportedly purchased 100 copies of “Crenshaw,” further elevating Nipsey’s profile and solidifying his reputation as an innovative artist and entrepreneur.
After numerous delays, Nipsey Hussle released his major studio album, “Victory Lap,” in 2018. The album debuted at #4 on the Billboard 200 chart and sold 53,000 units in its first week. Critical acclaim was universal, and “Victory Lap” earned a Grammy nomination for Best Rap Album, though it ultimately lost to Cardi B’s “Invasion of Privacy.” Following his death in March 2019, “Victory Lap” reached #2 on the Billboard 200 in April 2019, underscoring the album’s lasting impact and his fans’ continued support. In the wake of his passing, his single “Racks in the Middle,” featuring Roddy Ricch and Hit-Boy, peaked at #44 on the Hot 100, reflecting the renewed interest in his music and legacy.
Nipsey Hussle’s Community Engagement and Personal Life
Nipsey Hussle was deeply committed to giving back to his community, with a particular focus on young black men. He used his platform to denounce gun violence and openly shared his experiences within gang culture. He believed in the power of education and entrepreneurship to transform lives. Nipsey funded improvements to schools, mentored students, and established a co-working space called Vector 90. He recognized the lack of resources and opportunities in the Crenshaw neighborhood and sought to create a space where young people could develop their skills and pursue their dreams, emphasizing the importance of STEM education. Vector 90, located at 3408 W Slauson Ave, Los Angeles, CA 90043, offered a collaborative work environment and resources for aspiring entrepreneurs and creatives in the community.
Nipsey Hussle had a daughter named Emani and a son named Kross Ermias Asghedom with actress Lauren London. He and Lauren London began dating in 2013 and were prominent figures in the community, often seen attending events and supporting local businesses. Their relationship was admired by many, and their commitment to each other and their children was well-documented. In addition to his immediate family, Nipsey was close to his brother Samuel Asghedom and his sister Samantha Smith, who played important roles in his life and business ventures. His family’s support was crucial to his success and his ability to navigate the challenges he faced.
Details Surrounding Nipsey Hussle’s Death and Estate Valuation
On March 31, 2019, Nipsey Hussle was fatally shot outside his Marathon Clothing store in South Los Angeles. The shooting occurred at 3:19 p.m. in the parking lot of the store, located at 3420 W Slauson Ave, Los Angeles, CA 90043. He was 33 years old. Eric Ronald Holder Jr., 29, was arrested on April 2, 2019, and charged with the murder. After multiple delays due to the COVID-19 pandemic, Holder was eventually sentenced to 60 years in prison. Nipsey Hussle was laid to rest at Forest Lawn Memorial Park in Southern California following a memorial service at the Staples Center in Los Angeles, attended by thousands of fans, friends, and family members.
At the time of his death, the total value of Nipsey Hussle’s net worth was estimated at $8 million. This included a combination of short-term investments, cash, stocks, real estate assets, and trust funds. The initial assessment of his estate, filed approximately 18 months after his death, placed the valuation at $4.2 million. This assessment included an estimated value of $913,000 for Nipsey’s likeness. However, it did not account for the value of his music publishing rights, unreleased albums, or any funds that were placed into trust prior to his death. The $4 million valuation also excluded the value of his master recordings, which he owned outright. His estate was strong enough to reject multiple crowdfunding campaigns that were launched to support his children, as Nipsey had made provisions to ensure their financial security. By owning his master recordings, Nipsey Hussle secured a lasting source of income for his estate and his children.
The Marathon Clothing Store and Other Business Interests
The Marathon Clothing store, located at 3420 W Slauson Ave, Los Angeles, CA 90043, was a central part of Nipsey Hussle’s business ventures and a symbol of his commitment to his community. The store not only provided a retail outlet for his clothing line but also served as a gathering place and a source of employment for local residents. Nipsey envisioned the store as part of a larger development project aimed at revitalizing the Crenshaw neighborhood and creating economic opportunities for its residents. He invested significant resources into the store, believing that it could serve as a catalyst for positive change in the area.
In addition to The Marathon Clothing store and his music career, Nipsey Hussle had various other business interests, including real estate investments and technology ventures. He was known for his entrepreneurial spirit and his commitment to building wealth within his community. His investments included properties in the Crenshaw area, which he hoped to develop into affordable housing and commercial spaces. He also explored opportunities in the technology sector, recognizing the potential for innovation to drive economic growth and create new jobs. Nipsey’s goal was to create a sustainable ecosystem of businesses and investments that would benefit his community for generations to come. He was passionate about empowering young people and providing them with the resources and opportunities they needed to succeed.
Impact and Legacy
Nipsey Hussle’s impact extended far beyond his music and business ventures. He was a role model and an inspiration to countless individuals who admired his authenticity, his commitment to his community, and his unwavering belief in the power of education and entrepreneurship. He used his platform to speak out against injustice and to advocate for positive change. He was a vocal critic of the criminal justice system and a champion for social and economic equality. His death was a profound loss not only for his family and friends but also for the entire community that he served. His legacy continues to inspire people around the world to pursue their dreams, to give back to their communities, and to strive for a better future.
His commitment to community development, STEM education, and financial literacy programs has left an indelible mark on the landscape of South Los Angeles. Nipsey’s vision for a revitalized Crenshaw neighborhood, with opportunities for all its residents, continues to be pursued by his family, friends, and community partners. The Marathon Clothing store remains a symbol of hope and empowerment, and his music continues to inspire and uplift listeners around the world. His legacy serves as a reminder that one person can make a difference and that collective action is essential for creating lasting change. Nipsey Hussle’s name will forever be synonymous with success, resilience, and a deep commitment to making the world a better place.
