Rapper Nas is anticipated to be one of many richest Black folks on the earth, in only a coupe of hours.
Nas, actual identify Nasir Jones, has stealthily turn into one of the vital prolific traders on the earth. And his early funding in Coinbase, the cryptocurrency trade anticipated to succeed in over $100 billion in valuation when its COIN inventory lists on Wednesday, will push him into billionaire standing.
Nas’ funding agency, QueensBridge Venture Partners, acquired into Coinbase’s Series B spherical again in 2013 when it raised $25 million. Around that point Coinbase was valued at $143 million, in accordance with PitchBook.
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When the corporate goes public, Nas’ funding is anticipated to be valued at as a lot as $750 million. Given Nas earlier investments, MTO News discovered that Nas will seemingly be a billionaire after the IPO.
Nas’ funding agency has been an early stage investor in a few of the largest corporations on the earth, together with Robinhood in 2013, Ring, Lyft and Dropbox.