Nas, the iconic rapper and entrepreneur, has invested in a number of startups over the years. But his latest investment is in the home security company, Ring. So, how much did Nas invest in Ring?
Nas has invested $4.5 million in the Ring. While investing money, QueensBridge collaborated with him. They funded that company in July 2014 and acquired millions of dollars in profit from it.
This is not the first time that Nas has invested in a company in the home security space. He also has investments in the home security companies, SimpliSafe and August Home.
How Much Did Nas Get From The Ring?
Nas loves to invest money in tech companies. He made one of the most extensive investments in a doorbell company named Ring. The total amount of his funding was $4.5 million.
Even though he invested in the following company with his venturing company QueensBridge, it is a massive investment.
So, it is evident that Nas would make a massive profit. In July 2014, he and QueensBridge invested in that money. In February 2018, when Amazon bought the Ring for 1.2 billion dollars, Nas received a massive 40 million dollars profit from his investment.
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What Type of Company is the Ring?
Ring LLC is a smart home and security service company. It is prominent for manufacturing outdoor surveillance cameras and smart doorbells.
Jamie Siminoff first founded this company in 2013 as a door bot. Its profit skyrocketed, and investors, such as Nas and QueensBridge became interested in it. Besides him, other investors helped the company to raise 200 million dollars, including
- Qualcomm Ventures
- DFJ Growth
- Sir Richard Branson
- Kleiner Perkins Caufield and Byers
Later in 2018, Amazon purchased the company for 1.2 billion dollars. At present, Ring manufactures a wide variety of home security devices, including
- Ring Video Doorbell
- Ring Cameras
- Ring Alarm
- Automotive Security
- Neighbor’s App
- Subscription Plans
- Always Home Camera
What Companies Did Nas Invest in?
Nas is a famous American rapper with a reputation for investing in various tech companies. Even though he is a professional singer, most of his net worth came from the profits he made from investments.
QueensBridge is a capital firm with which Nas has to join in 2014. Since then, he has invested in numerous companies, including
- Lyft
- Dropbox
- Coinbase
- Robinhood
- PillPack
- Exo
- Carry1st
- Houseparty
- General Assembly
Nas joins with companies to invest in other third companies. For example, he collaborated with Google to invest in a game publishing company named Carry1st. In addition, it was a non-American company, an African company.
What does Nas do Besides Capital Investment?
Investing capital in companies and gathering profits is one of Nas’s ways of making fortune. However, he has a glorious career besides being a businessman.
From a career perspective, Nas is a rapper and has made some of the most influential rap songs in US history. According to the New York hip-hop scene, Nas is regarded as the most significant rapper of all time.
Nas has grabbed numerous awards from many rapping events, including the BET Hip Hop Award, Sports Emmy Award, Grammy Award, etc. Besides, in 2012, he was ranked second on the list of Top 50 Lyricists of All Time by The Source. Billboard featured Nas as one of the top ten rappers of all time in 2014.
How Much is Ring Worth?
When the doorbell company started its journey in 2013, it was a small company. But the situation has changed. Now, it is a subsidiary brand of Amazon, and its market value is nearly 1.5 billion dollars.
In 2018, when Amazon bought the company from Jamie Simioff, the tech giant had to pay 1.2 billion dollars. And now, the scenario has changed. Only in five years, its market value increased to a massive 1.5 billion dollars.
Sources
- https://moguldom.com/150587/2014-nas-invests-ring-pillpack-amazon-1b/ – Nas’s Investing In Ring and PillPack (The Moguldom Nation)
- https://www.blackenterprise.com/rapper-nas-google-invest-20-million-into-african-gaming-publisher-carry1st/ – Nas And Google Investing for Game Publisher (Black Enterprise)
