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.

Thread had me playing Nas classics
Started from the beginning
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.![]()
Child support is not 50% of ur income. I know it's different depending on the state but Child support is supposed to be 17% of ur income. Sometimes depending on the judge u get straight shytted on tho.
Kelis' lawyers don't have the ability to determine the quantity of assets he has in any irrevocable trusts.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.
"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.![]()
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?![]()
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)![]()
Nas should just sign over custody. Now people understand why 50 said fukk it. Why deal with this bullshyt
Yeah I feel you fam. It's just insane how this bytch can do this. Nas has the worst taste in women.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
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
yep, and Nas makes your worthless father whole life in a month. Hope you dont give your clown ass dad the big piece of the chicken at dinner. Sorry ass loser he is