| Net Worth: | $70.0 Million |
|---|---|
| Age: | 49 |
| Born: | Nov 2, 1974 |
| Gender: | male |
| Height: | 5 ft 8 in (1.73 m) |
| Country of Origin: | United States of America |
| Source of Wealth: | Actor, Entrepreneur, Record producer, Singer-songwriter, Rapper, Investor, Music artist, Composer, Singer |
| Last Updated: | 2023 |
TABLE OF CONTENTS
Introduction
With a net worth of $70 million, Nelly is an American rapper, actor, and entrepreneur who has achieved immense success in the music industry. Known for his chart-topping hits and charismatic personality, Nelly has become a household name in the world of hip-hop.
In this article, we will explore Nelly’s early life, career, personal life, and his journey to accumulating a substantial fortune.
Nelly’s Net Worth, Career, and Success Story (2023 Update)
Early Life
Nelly, whose real name is Cornell Iral Haynes Jr., was born on November 2, 1974, in Austin, Texas. At a young age, his parents divorced, and he moved to St. Louis, Missouri, with his mother. It was during his teenage years that Nelly formed his first band, the St.
Lunatics, with his friends Ali, Murphy Lee, Kyjuan, and Slo’Down, as well as his half-brother City Spud. The group gained local success in 1997 with their single “Gimme What Ya Got.”
Career
Nelly’s music career took off in 1999 when he signed a record contract with Universal Music. The following year, he released his debut album, “Country Grammar.” This album became a massive success, selling over 10 million copies worldwide. It featured hit singles such as “Country Grammar (Hot Shit),” “E.I.,” “Batter Up,” and “Ride Wit Me.” The album’s success established Nelly as a hip-hop superstar.
Building on his initial success, Nelly released his sophomore album, “Nellyville,” in 2002. The album included chart-topping hits like “Hot in Herre” and “Dilemma” featuring Kelly Rowland, which won a Grammy Award in 2003. Throughout his career, Nelly has released a total of 8 studio albums, selling over 21 million records in the United States and 40 million records globally.
Aside from his music career, Nelly has ventured into acting, appearing in films such as “The Longest Yard” (2005) and “Reach Me” (2014). He has also founded his own alcohol brand, MoShine, and a non-profit organization called Jes Us 4 Jackie, which raises awareness about the need for bone marrow donors in the African American community.
Catalog Sale
In July 2023, Nelly made headlines when he sold a 50% ownership stake in his music catalog to HarbourView Equity Partners for a whopping $50 million. This deal valued his catalog at $100 million, showcasing the immense value and influence of Nelly’s music.
Tax Problems
Despite his financial success, Nelly faced some tax troubles in August 2016. He was hit with a federal tax lien claiming that he owed $2,412,283 in back taxes and penalties to the IRS, as well as around $150,000 in state taxes. While the debts posed a significant financial burden, Nelly managed to resolve the issues and overcome this hurdle.
Personal Life
When it comes to his personal life, Nelly has had his fair share of romantic relationships. In 2014, he began dating actress and model Shantel Jackson, but the couple ended their relationship on mutual terms in 2021. Rumors of a rekindled romance with R&B singer Ashanti, whom he dated before Jackson, emerged in 2023 when the couple was spotted together wearing matching Cuban link chains.
Aside from his love life, Nelly is also known for his philanthropy. He runs the nonprofit 4Sho4Kids Foundation, which focuses on educating African Americans and other minorities about the importance of bone marrow transplants. Nelly has also established scholarships and participated in various charitable initiatives, such as the Tackle Hunger campaign and the St.
Louis’ White and Black Ball.
Summary
Nelly’s impressive net worth of $70 million is a testament to his remarkable success as a rapper, actor, and entrepreneur. From his early days as a member of the St. Lunatics to his chart-topping albums and ventures outside of music, Nelly has left an indelible mark on the entertainment industry.
Despite facing challenges such as tax problems, Nelly has managed to overcome them and continue thriving in his career. With his undeniable talent and business acumen, Nelly’s net worth is likely to continue growing in the future.
Anna Kendrick Net Worth
