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Just Like His Crossover Musical Taste, Nelly's Diverse Business Portfolio Helps Him Maintain His $70M Net Worth

The early-to-mid-2000s was a particularly unique era in rap music. From the tall white T-shirts to the emergence of popular dance trends, rappers during this era kept listeners hungry to keep up with every trend they introduced. Nelly was among those influential rappers. Born Cornell Iral Haynes Jr., Nelly burst onto the music scene in 2000 with his debut album, “Country Grammar.” The album and its title track earned Grammy nominations during the 2001 awards, prompting insight into the rapper’s trajectory. The current father of four would experience more success following his debut release with other songs such as “Hot in Herre,” “Air Force Ones,” and “Pimp Juice.” Nelly’s success would land him additional Grammy nominations, with him eventually earning three awards, according to the Grammys website. While the St. Louis, MO-raised rapper experienced significant success in the music industry, he did not subject himself to staying behind the mic. Nelly launched the record label Derrty...

Josh Rodgers

Mar 25, 2024

Nelly Defends Selling His Catalog For $50M, Even If Others May Disagree — ‘That’s Your Equity, That’s Your Gold’

Rapper Nelly is doubling down on his decision to sell his catalog. As AFROTECH™ previously told you, the artist sold 50% of his catalog to HarbourView Equity Partners in 2023. The deal reportedly included singles such as “Ride Wit Me,” “Dilemma,” and “Hot in Herre” and was worth $50 million. On a recent episode of “The Shop” podcast, Nelly discussed his decision to sell a portion of his catalog, explaining that it was a move to secure his equity and build generational wealth. “You filtered both through both of those. You can never really sell anything like that forever. Technically a lease. So in like 30 years it comes back,” Nelly said on “The Shop.” “So, if I ain’t took the little 50 mil and made nothing happen in 30 years, then I need my a– whooped anyway. You hear a lot of people say, ‘I would never do it. I would never do it.’ Why wouldn’t you do it? That’s your equity, that’s your gold.” He continued, “That’s why you would never have generational wealth because what you don’t...

Samantha Dorisca

Mar 14, 2024

Nelly Reflects On When He Was Able To Retire His Mother, Who Worked In Fast Food For Over 30 Years  — 'That Was Very Rewarding'

When rapper and singer Nelly first found success , he wanted to share it with his mother. Nelly, whose given name is Cornell Iral Haynes Jr., was born in Austin, TX, but raised in St. Louis, MO. He adopted a “hustler” mentality as a teenager from witnessing his mother balance jobs in the fast food industry, he shared during an interview on “The Shop” podcast.  He revealed his mother, Rhonda Mack, helped him secure his first job at a food truck when he was 14 years old while she worked as a manager at the McDonald’s in Clayton, MO. At the time, Nelly was saving up to attend his high school’s homecoming. “She said, ‘Yo, I can’t give you a real job, but on the weekends they got a truck… She said, ‘I can give you a job there.’ I said, ‘Oh, I’ll take it.’ And the owner would pay me $25… I wound up getting about $140 by the time homecoming came,” Nelly recalled on “The Shop.” In high school, Nelly also found a position at McDonald’s by working at the grill, he told Access Hollywood. His...

Samantha Dorisca

Mar 11, 2024

Nelly Claims The Price Of Air Force 1s Increased After His Hit Single In 2002 — 'We Ain't Get Not Residuals'

In the early 2000s, Nelly had us all stomping in our Air Force 1s. Now, however, he’s suggesting that he might’ve also been why the price of the popular Nike sneakers has never been the same. While sneaker shopping with Complex, the St. Louis emcee revealed that the Air Force 1 sneaker just so happens to be one of his favorite pairs of kicks. He even began to elaborate on being partly responsible for reviving the popularity of the sneaker on his 2002 hit titled “Air Force Ones.”

Shanique Yates

Sep 21, 2022

These 10 Celebrities Had IRS Issues — Here's How It Worked Out For Them

IRS issues are actually a lot more common than you think. According to Jackson Hewitt, statistics show that people are more likely than not to run afoul of the taxman. Each year, nearly 30 million taxpayers will receive some sort of penalty from the IRS for failing to file their taxes correctly. As of 2019, more than 20 million people owe taxes to the IRS but cannot pay them. And millions of people, each year, either under-report their taxes or make a math error on their taxes — which, of course, results in more penalties and fees. If there’s one thing the IRS is going to do, it’s get the money that you owe them! In this regard, too, celebrities are just like us when it comes to IRS issues. We’ve all heard at least one story of one celebrity who has been slapped with a gobsmackingly large tax bill. And while many of these issues can be resolved with a good attorney and a reasonable proposal to the omnipresent government agency, it can still be distressing when a tax lien comes to...

How Nelly Went From The St. Lunatics To A Multi-Millionaire

In September 2020, Nelly earned a whole new legion of fans when he was announced as one of the cast members of the hit ABC reality competition series, “Dancing with the Stars.” But while many people believed that the rapper born Cornell Haynes Jr. in St. Louis was merely “washed up” and trying to become relevant again, the fact is, he was never irrelevant in the first place. As it turns out, the actor, rapper, and philanthropist is also quite the shrewd businessman, as well. So much so, in fact, that he’s earned an estimated $8 million net worth, according to Celebrity Net Worth. But how did he do it? Simply put, Nelly made a series of wise business moves that involved diversifying his business investments. He’s invested in everything from sports teams to fashion, all while still releasing new music for his devoted fan base. Even the music switched up over a period of time: though initially starting out with rap music, he eventually transitioned into a more country and western feel,...