Nipsey Hussle was a very talented and successful rapper. On the other hand, he was well-known for his business acumen. Hussle co-founded Marathon Clothing in 2017 with Carless, Karen Civil, and Samiel Asghedom. He also established Vector-90, a co-working space.
Most of his fans adored him, and he had a wonderful personality. His death was the result of a tragic accident that should never have occurred. Let’s get into some specifics about Nipsey Hussle’s net worth at the time of his death. Let’s also take a look at his lifestyle and career while he was still alive.
Early Years of Nipsey Hussle
Ermias Asghedom was born in Los Angeles, California on August 15, 1985, to Angelique Smith and Dawit Asghedom. He grew up in South Los Angeles’ Crenshaw neighborhood with his brother Samuel and sister Samantha. He went to Alexander Hamilton High School in Castle Heights but dropped out before graduating.
He left home at the age of 14 to join the Crips, a gang based primarily in his Crenshaw neighborhood. When Asghedom was 19, his father took him and his brother Samuel on a three-month trip to his father’s native Eritrea in East Africa. The trip inspired Asghedom to become a community activist, he said.
Nipsey Hussle’s Career
“Slauson Boy Vol. 1,” Nipsey Hussle’s first independently released mixtape, quickly became the name of his record label. Hussle released two mixtapes, “Bullets Ain’t Got No Name,” Vol. 1 and Vol. 2, in 2008, after signing with Cinematic Music Group and Epic Records.
His debut single “Hussle in the House” was released in 2009, along with a third mixtape that same year titled “Bullets Ain’t Got No Name, Vol. 3.” In 2009, he collaborated with Drake on the song “Killer” and appeared on the song “Upside Down” with Snoop Dog and Problem. Nipsey decided not to renew his contract with Epic and left the label in 2010.
He sang the song “We Are the World 25” for Haiti in 2010. That same year, he was named one of XXL Magazine’s Annual Freshman Top Ten, a list of ten emerging artists. Hussle left Epic Records in late 2010 to start his record label, All Money. Hussle announced the release of his new mixtape, “Crenshaw,” in 2013, which would feature Rick Ross, Dom Kennedy, Slim Thug, James Fauntleroy II, Z-Ro, Skeme, and Sade, among others.
Hussle finally released a major studio album, “Victory Lap,” in 2018 after many delays. It debuted at number four on the Billboard 200, selling 53,000 units in its first week. The album received widespread critical acclaim and was nominated for a Grammy for Best Rap Album, but it was defeated by Cardi B’s “Invasion of Privacy.”
After Hussle’s murder on March 31, 2019, the album debuted at No. 2 on the Billboard 200 in April 2019. Following his death, his single “Racks in the Middle,” featuring Roddy Ricch and Hit-Boy, peaked at No. 44 on the Billboard Hot 100.
The Rapper Nipsey Hussle Net Worth
Nipsey Hussle’s net worth was $8 million at the time of his death in 2019. This includes both liquid assets such as cash and stocks and less liquid assets such as real estate and trusts. A year and a half after his death, his estate filed legal documents stating that Nipsey’s estate was valued at $4.2 million.
According to that assessment, Nipsey’s likeness is only worth $913,000. It did not include the value of his unreleased albums or his publishing. The $4 million estimate also excluded any funds placed in the trust before his death, as well as the value of his master recordings, which he did own, unlike many artists.
Nipsey’s estate was strong enough to reject several crowdfunding pages set up to help his children. Nipsey’s family politely declined the fundraising efforts, even from fellow celebrities such as Reggie Bush, because his children are reportedly financially secure for the rest of their lives.
Nipsey’s children will never need to rely on others for money thanks to wise financial planning and trusts established before his death. Most importantly, as previously stated, Nipsey owned all of his master recordings, which could provide him with a lifetime of income.
Who Was the Murderer of Nipsey Hussle?
Nipsey Hussle was fatally shot outside of his Los Angeles clothing store on March 31, 2019. He was 33 years old at the time. At 3:19 p.m. that day, he was shot at least ten times in the parking lot of his store Marathon Clothing in South Los Angeles.
On April 2, 2019, Eric Ronald Holder Jr., 29, was arrested. His trial has been postponed several times due to the COVID-10 pandemic, and it was scheduled to begin in March 2021. After a well-attended memorial service at the Staples Center in Los Angeles, Hussle was laid to rest at the Forest Lawn Memorial Park in Southern California.
Personal Life of Nipsey Hussle
Hussle was committed to giving back to his community, particularly to young black men like himself. He spoke out against gun violence through his community work and music. He was candid about his gang-related experiences. Hussle funded school improvements, spent time with students, and founded Vector 90, a co-working space.
He believed, based on his own experience, that the Crenshaw neighborhood was underserved and that community workspaces would benefit young people. He was especially interested in encouraging underserved youth in the area to enroll in STEM classes.
Hussle has a daughter named Emani, but he was never married to Emani’s mother. In 2013, Nipsey began dating actress Lauren London. In 2016, they had a child together.
Frequently Asked Questions
Did Nipsey Hussle Have a Will?
Because Nipsey’s death was unexpected, he did not have the necessary paperwork prepared. He failed to name guardians for his two children and lacked a Will. As a result, a judge had to decide who would have legal custody of both of his children.
Did Nipsey Left Lauren Any Money?
Lauren London has been legally granted the authority to manage her three-year-old son’s finances with his late father, Nipsey Hussle. According to TMZ, their son Kross Ermias Asghedom will inherit half of his father’s estate, or $1 million.