TMZ: Kelis Makes Nas Reveal His Income & Bank Account Balance In Court (Nas Makes $175k A Month)

[Amestafuu (Emeritus)]

8 million is not a lot




Don't go far as it used to

Plus keep in mind he lives different lifestyle and despite/ we Native americans being blessed with the black don't crack

He isn't young. think of a NFL player NBA player Nas age with only 8 mill in bank


His ability to recoup that money and to make more has dwindled considerably especially the profession he's in/ rap is a young mans sport


Plus kelis allready done told us how he like to sip on the Devils egg nog

typical coli clueless.

8 mill liquid is a lot of money.

 

[Michael's Black Son]

Be careful who you lay up with brehs...

This. A nut and lavish wedding doesn’t appear to be worth this level of headache.

 

[daboywonder2002]

She says $8k per month ain't cutting it anymore.

even rich people dont spend 8k a month on their kids wtf is this chick smokin

Translation- I don't have any money left over for myself.

 

[Monoblock]

Some of yall need to take a finance class. These responses are hilarious yet sad.

 

[Amestafuu (Emeritus)]

Why not?

Nas has one of the most successful careers a rapper has ever had.

it's ok breh a lot of y'all are financially illiterate.

the first thing you learn about money is to let it work for you when you go it. You don't sit millions in the bank and to have liquid cash in that amount means you got a lot more invested.

why don't you talk about something you are knowledgeable about.

Only 8 mil?

 

[Basaglia]

believe a thot looking for more money for her expensive taste over looking up net worth.

No bruh. Drake has sold 103 million records

Maybe singles, not albums. Drake has not sold over 10 million albums. He's close though.

 

[street heat]

From hearing her interview she needs to take him to the cleaners.....if true

I hate dead beat fathers.

aint nothin dead beat about a man paying 8k a month in child support

there are women and children who aren;t getting a dime

 

[419scam]

8 fukkIN MILLION DOLLARS LIQUID AIN`T A LOT OF MONEY BREHS
the coli.com

 

[Red]

Facts

Wealthy people engaged in actively managing their money keep the bare minimum of liquid cash in the bank.

Cash in the bank earns little to no return, and is easily accessible via nuisance lawsuits, child support bullshyt (like Nas is currently going through), etc.

I'm willing to bet that Nas has upwards of $100 million invested across a broad array of asset classes in a variety of bankruptcy-remote vehicles, trusts, and other tax minimization / tax avoidance / liability avoidance vehicles.

What wealthy folks will do is have access to large revolving lines of credit collateralized by assets held in all of these vehicles should they need access to cash. A paternity lawsuit, car accident settlement, sex tape case, etc. can't access that line of credit to try and recoup whatever they're owed. It's a liability, not an asset It also inflates the wealthy person's debt / income ratio should they want to go through bankruptcy proceedings to shed accumulated liabilities they are no longer interested in paying (see: 50 Cent).

A good rule of thumb is that most wealthy folks will maintain no more than 12 months' worth of expenses in cash & cash equivalents. Nas has overshot this amount by a pretty significant margin - I'm willing to bet that this lawsuit was filed in the midst of him rebalancing his investment portfolio and maybe simplyfing / rationalizing whatever trust structures he has in place to protect his wealth.

Exactly.

You have a deflationary asset (cash) and you put it in a vehicle (bank account) that won't even return you inflation beating results then you're hustling backwards and actually losing yourself money and purchasing power in the long term.

 

[King Sun]

dudes don't even have 100 dollars in savings. The nerve of jigga stans

 

[Robbie3000]

100mil? Come on breh. Total investments...if I had to bet I'd say 7-10mil tops. That would be the restaurant stakes and whatever stocks/bonds/etc.

Kelis' lawyers might force him to answer this for us soon. He clearly has other assets, the question is how much.

It's very likely if you have been investing. Think about the total value of your portfolio vs what you keep in your checking account.

 

[skokiaan]

Wrong.

Most multi millionaires do between 10-20% of their total assets in cash. Its very likely Nas is close to at least 5x-10x as much net worth.

thats why rich folk always tight with money..they dont have liquid cash

 

[BiggWebb79]

"Opens post and read some of the comments.."

"8 Million is all he has?..."
"8 Million isn't a lot..."

 

[L&HH]

Howbold is their kid? God damn. I wish that bytch would go away. And im a jay fan.

He's damn near another decade of this. Kid only like 8-9

 

[Serious]

She says $8k per month ain't cutting it anymore.

even rich people dont spend 8k a month on their kids wtf is this chick smokin

how many rich people you know?

Be honest?