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HomeBlack FinanceRapper Nas Reportedly Nets $40 million in Amazon's "Ring" Buyout

Rapper Nas Reportedly Nets $40 million in Amazon's "Ring" Buyout

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Legendary Queens Bridge rapper, Nas just secured a hefty bag thanks to his early investment in the Doorbell Security company “Ring”. Ring was just bought by Amazon for $1.2 Billion dollars. Nas, (Nasir Jones) was reportedly one of Ring’s first investors. He and his business firm Queensbridge Venture Partners, have invested in several companies over the past few years such as Lyft, Dropbox, Rap Genius, and SeatGeek.   Ring released this statement: “Ring is committed to our mission to reduce crime in neighborhoods by providing effective yet affordable home security tools to our Neighbors that make a positive impact on our homes, our communities, and the world. We’ll be able to achieve even more by partnering with an inventive, customer-centric company like Amazon. We look forward to being a part of the Amazon team as we work toward our vision for safer neighborhoods.” https://twitter.com/Forbes/status/969954301954215936

It is being reported that Nas has made over $40 Million dollars from his early investment in Ring. Congrats King!


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