Rapper and entrepreneur Nipsey Hussle became known for his independent spirit and community service. Tragically cut down in his prime, Nipsey Hussle leaves behind more than his music. But how rich was this independent rap icon? Let’s explore what made Nipsey Hussle so rich before he died.
Early Life and Education
Born Ermias Joseph Asghedom in Los Angeles, California in 1985, Nipsey Hussle lived in the Crenshaw neighborhood. Details on his formal education beyond high school are scant, but he was early drawn to music and his community. He had a natural talent for rap and started recording as a teen.
However, his road to success wasn’t easy. Gang violence in Nipsey Hussle’s neighborhood led him to struggle. This difficult period in his life also influenced his music, which often addressed social issues and inner-city struggles. However, Nipsey Hussle’s entrepreneurial spirit and love of music helped him to succeed.
Net Worth
With a net worth of around USD 8 million at the time of his death, Nipsey Hussle defied the odds and made his own path in music.
Factors That Contribute to His Net Worth
Some of the factors that contributed to his wealth include:
Independent Music and Creating a Fanbase
A true independent Nipsey Hussle released several mixtapes throughout his career and developed a following without major record labels. His most notable mixtape was the 2010 cult classic “Crenshaw”, which established him as a rising star in rap. Limited details on mixtape sales aside, independent artists can make good money through digital sales and merchandise associated with popular mixtapes.
Landmark Album Deal and Ownership
Moving in a direction that reshaped ownership in the music industry in 2018, Nipsey Hussle signed a deal with Atlantic Records in 2018. With this deal he acquired the masters of his critically acclaimed debut studio album Victory Lap. The masters give artists continued revenue from streaming platforms and future sales. This gave Nipsey Hussle financial gain as well as precedent for artist ownership in the music industry.
Entrepreneurial Ventures beyond Music
Nipsey Hussle took his entrepreneurial spirit beyond music. He founded the Marathon Clothing store in his Crenshaw neighborhood to revitalize it and give locals work. It became a cultural center with loyal customers and extra income. Details about specific revenue are unavailable but Marathon Clothing contributed to Nipsey Hussle’s wealth.
Investments (Potential Factor)
With his growing fortune, Nipsey Hussle might have bought real estate, stocks or other investments. Information about his specific investments is sparse, but sound financial decisions probably helped secure his future.
Conclusion
Nipsey Hussle’s journey shows the importance of independence, fan loyalty and exploring multiple opportunities. With Nipsey Hussle’s success comes financial freedom as well as personal fulfillment. The death of Nipsey Hussle left an empty space in music. But his music, his entrepreneurship and his community involvement continue to inspire artists and entrepreneurs.
