Thread had me playing Nas classics
Started from the beginning
"When I was twelve, I went to hell for snuffing Jesus".
shyt got me bumping my head when he spitting and I'm a mid 90s baby.
TMZ: Kelis Makes Nas Reveal His Income & Bank Account Balance In Court (Nas Makes $175k A Month)
- Thread starter WSFGDan
- Start date
"When I was twelve, I went to hell for snuffing Jesus".
shyt got me bumping my head when he spitting and I'm a mid 90s baby.
Looks like a typical middle of the road Coli member financial statement
Piff Perkins
Veteran
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 assetIt 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.
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.
I do payroll, dealing with 3 states. I see about 10 child support garnishments per day. Child support is way more than 17%. The max is 65%, 50% is you have another family. Usually it's around 30%+, but it's also after taxes.
I've also seen stuff like women using different counties to collect double, getting it from different employees if you have more than one job...
panopticon
Superstar
Kelis' lawyers don't have the ability to determine the quantity of assets he has in any irrevocable trusts.
All they're entitled to is information on the income that Nas derives from those trusts. As in, dollars paid out to Nas from whatever trusts he has set up.
But if those trusts aren't set up to distribute any income to Nas for a period of time (say, until the child is past the age of majority
), and are instead reinvesting whatever dividends, profits, etc. that are being generated by the assets held in the trust, then there's nothing there for them to go after. 
panopticon
Superstar
"This is Nas, kid, you know how it runs"When I was twelve, I went to hell for snuffing Jesus".
shyt got me bumping my head when he spitting and I'm a mid 90s baby.
I'm waving automatic guns at nuns"
nas only got 8M? hold up that cant be rightaccording to his coli stans the man is close to billionaire status..
now.. who is the liar, court documents or da coli stans?
That is cash not networth. Pretty sure he has the rest of his assets in a blind trust as well. Means that witch of women and her lawyers can't list that as his.
Normal cats do it so I guarantee Nas is doing it!
Nas still sold millions of records though and was a huge name in the 90s-early 2000s
Stillmatic went double plat
It was Written went double plat
dude has at least 10-15 million album sold, a lot more than majority of rappers..
to put things in perspective im not even sure Drake the biggest rapper of the last 10 years, has sold 15 million records (in the US)
No bruh. Drake has sold 103 million records
prophecypro
Hollywood North
I mean the way she already publicly bad mouths him despite him wanting to see his child I don’t think he does not want to be in his child’s life and that’s the issue
You see how poor 50’s relationship is with Marquis bad mouthing him on social media and he don’t want that
That all said the child support is different than custody which he has
Yeah I feel you fam. It's just insane how this bytch can do this. Nas has the worst taste in women.
NAS LAWST
Jay Z spends Nas's monthly salary at the bar
https://www.google.ca/amp/s/amp.www...-hundred-thousand-dollar-bar-tab-in-one-night
