Despite reports that slain rapper Nipsey Hussle was worth over $200 million when he was killed, his brother says his estate is only worth about $2 million.
Nipsey’s brother, “Blacc Sam” Asghedom, has asked a court to put him in charge of his late brother’s estate. The hip-hop star’s estate is worth over $2 million, The Blast reports.
According to a petition filed by Blacc Sam, he needs to take control of his late brother’s affairs to take advantage of “time-sensitive” business opportunities.
Ermias “Nipsey Hussle” Asghedom, 33, was gunned down by a fellow gang banger in March.
Sam writes that Nipsey’s “passing has created significant media attention, which, in turn has presented potential time-sensitive business opportunities based on [Nipsey Hussle]’s likeness, right of publicity, and other intellectual property based on the media attention surrounding [Nipsey Hussle]’s exceptional life story and musical career.”
Earlier this week, Nipsey’s Marathon Clothing store closed its doors to the public amid customer complaints that their orders were late or never received.
Photo by Matt Winkelmeyer/Getty Images for Warner Music
I’m so over this Marathon…
So basically he needs to be in control of his Estate so he can make even more money off of him? smdh Why didn’t this man have his affairs in order? He suppose to have been a business man that’s the first thing you do when you have children and businesses. but apparently not.
And Chris Darden said he dont want it no mo *martin vc*
He is withdrawing as the attorney for the killer
Hmmm interesting. Did he said way?
Sam was his brothers business partner.
He has good intentions.
His estate has to have an executor, why not his brother/business partner. Why shouldn’t all the money go to his family.. he has 2 kids. It’s logical to me
Sam was his right hand man in everything! He was a big part in running the clothing store and apart of his business, wherever you seen Nip when it was business related sam wasn’t far behind. I think he’d do right by his brother and help open door for new business ventures.
of course it should go to Sam !!! shouldnt go no other way ?
What is the reason for all these celebs not having their affairs in order! It must be too expensive to plan for death while they’re still living.
i’m hoping there was a will, and sam was named, but this is just a matter of it being approved/validated by the judge.
Death threats against him and his family.
He was getting death threats
Why? not enough attention of your own LOL JUST KIDDING!!!
That may be the case, but there has been a pattern of black folk leaving here without dotting i’s and crossing t’s. It seems like it should be the main thing they think to do when they get rich because we all have to leave here eventually.
Probably because of all the daeth threats being sent to him and his family…Crips, Bloods, LK’s and other gangs want the man he’s defending dead..there’s still a price on his head…Chris was smart someone talked his opportunistic azz out of it…
make money OFF OF Him??? Blacc Sam HUSSLED SO HIS BROTHER COULD GET ON!!! People are touched!
i just read somewhere else that there was no will.
SAY IT AGAIN FOR THE NEGROES IN THE BACK
The messiness begins. First the sister wanted custody of the niece now this.. Karen civil prob about to make her move next.
Everyone (close family) wants to be in control now, which is understandable. Apparently Emani was his beneficiary and she’s a minor which would mean the mom could possibly have control over the estate. Hopefully this is resolved where the kids are the MAIN PRIORITY.
2 million is LA is not that much.
it will be interesting to see how he can expand that all while ensuring his two kids are good.
Its a beautiful day and I want to break out this bitch like Shawshank.
That’s what I was thinking. Cali particularly LA and San Fran are crazy expensive. But considering where he started that’s a significant increase in wealth.
? Took him too long to break free. Morgan talking all slow and dramatical.
Who said he was worth over 200 mili and had ppl actually believing it? 2 mil sounds about right.
Yup. If they’re not careful, a lot of that money could be gone by the time his kids reach college age. Hopefully they at least put some money away in a trust fund for them so they can go to college when they turn 18 if they want to.
Best of luck in managing it.
You could’ve kept that comment in that air head of yours. It’s obvious this situation goes completely over your head..
Leave my movie out of this. LOL
They had this chart floating around with no cites to any sources. I took one look at it and called BS. But folks really did believe it.
that tux is beautiful on him.
2 mil sounds more like it. Come on now.
Goodness
I agree. Artists like Birdman, Nas and Akon have been in the game forever and even they are not worth $200 mill. It made so sense to me that Nipsey would be worth anywhere close to that.
Sam was his partner then it should def go to him. Nip didnt have a wife and his kids are too young
I saw a video of workers taking packed items and loading them on a truck I wondered then if the store was closing but I’m like how when all these ppl are ordering now seems like the doors would be able to stay open. I sure hope the ppl who said that store was a front for other stuff were not telling the truth. Do this brings me back to what I said before did this man not have a will? If so why does his brother have to go to court to ask to Be put in charge again I say ppl please have your affairs in order PLEASE
I need all the MFs who were arguing with me that Nipsey was a SHREWD businessman who owned businesses (one of which had to shut down this week) and, as a result, he WAS worth over $200 million dollars when I said there was no way a rapper, who MOST people couldn’t name a song of his before he died, was worth $200 million dollars.
I need all those who called me stupid because they believed that him selling clothes and weave at a couple of storefronts could make him $200 million dollars. Those I said had no concept of dollars and cents…
Bring your a$$ to the front of the congregation…
PS: If his brother, Sam, was such the shrewd businessman who kept Nipsey’s business affairs in order… WHY TF AREN’T NIPSEY’S BUSINESS AFFAIRS IN ORDER?!?!?
LMao ?????? not bring yo ass to the front of the congregation ????
If he died without a will, 100% goes to his kids in equal parts. Next of kin should be the administrators of his estate and since they are minor children, then the brother / sister should be co-administrators for his business and personal affairs and reportable to the courts. The court should also ensure a trust is set up where no one can squander the children’s inheritance. I would set up a trust to pay child support to the mothers, a trust holding their inheritance until they turn 21 and the rest at 25.
Chile please they got polices out here whole life and term and some with riders for 30, 40 bucks a month for 300k or more it don’t take nothing to write down who you want to get what when how and where and have it notarized and file it with the courts or who ever all they got is time ain’t like they clocking in everyday at a job they have time to sit down and take care of business ppl just don’t think they will leave here
Ok…they were in business together so it maked sense
If he had it he would have filed it with the court like John Singleton mom did instead of filing and asking the court to grant him this he wouldn’t have to ask if he had the will and file it
If there was one all he would have to do is file it with the court
His brother was everything to him! Blacc Sam would’ve given his life for his baby brother, so your statement is out of line. Why shouldn’t he try to grow the estate? Most deceased celebs are worth more in death, especially a situation such as this w/Nipsey. He has a huge fan base in California & beyond (at this point). Blacc Sam knows all this attention will dissipate, so he wants/should capitalize on it. It’ll benefit the children in the long run.
Just thinking out loud, it seemed that his brother still lived with Grandma and his sister gets faded a lot….
Just like John Singleton will had not been updated since 1993 or whenever when he only had one kid at that time. we gotta do better
Nawl cuz he only did it in the first place to attention hoe! I didn’t think for one sec he would follow through it s sick and sad how much ppl want attention and what they’ll do for it. What was he defending when this guy is clearly on camera
Hot tears?
Chiiiile ion believe that one bit… The latest copy probably came up “missing” accidentally on purpose
now i know why lauren was checking for that $100K, you know, that lil “ain’t shit” money that everybody dogged out.
don’t forget about lauren’s child so that’s two of them.
karen done fugged it up if he is really only worth $2M and gotta pay taxes on that shit.
lawd. hopefully sam can right the ship. he is right about timing. the most money will be made right now.
I read that he left all his money for his daughter. Everything is on her name. If that’s true, no wonder they’re all trying to get custody of her. Smh.
Yeah, I said the same thing. He looked nice in it.
Lmao tell em baby.
Everyone said he was a businessman…therefore he SHOULD have a will
Who thought it was worth 200 million?
No matter the dollar amount he left behind, it’s a shame the woman he shared a life & child with, where they acted as step parents to each other’s kids, has no say in his estate b/c they played house. No judgment, just saying fiances/g/f’s have no legal rights. Don’t sell yourself short.
That’s not how inheritance works. His kids and his parents are his next of kin, sibling would be third.
Come thru AGAIN! I’ma have to start calling you Mr. Carrington! I read all the hood CPA facts, too, and thought…what actual facts is any of this shyt based on?!? #niggashyt
Either way the mother wasn’t getting anything it was left to the oldest child which she will most likely hopefully break her siblings off some coins
I honestly don’t think he was worth even $2mil when he died. His estate is worth that after death. He was not a millionaire.
Girl…he is not to be played with!????
His estate is worth $2mil dead which means he was likely worth a lot less when he was alive.
You saw the “should” right? I said should as in hypotetically. Calm tf dien no one wanna fight you for your $30 inheritance.
No they one bit that’s why I always say y’all lets wait to see what happens wait until the smoke clears and a story I said a few days old that when the TRUTH start to come out
Right
Everybody was saying he rapped about trusts for his kids and had all these businesses…hood shyt at its finest. No trusts, no will, no laundry list of multi million dollar businesses…??
Blacc Sam is full of shyt. There was nothing exceptional about Nipsey career,most people had never even heard of him.The only thing I knew about him was that he was linked to Lauryn London.Clearly Blacc Sam is trying to make a money grab. He’s also trying to keep any money out of the first baby momma hands too.That money will be split between his children.
Chile, that “chart” was fuckin hilarious. ???
Same thing I said. I see nothing wrong with this.
The way they make it seem..Nipsey was worth 200 million
What is your net worth and are your affairs in order? That’s all the business relevant at this point.
I thought Lauren was his wife. Lol! I guess that lil piece of paper really does matter https://media3.giphy.com/media/22jTeQbPiTDeU/giphy.gif
IKR! I thought he had lucrative assets lol
Say it again!
Right! I was like “These numbers are waaaaaay exaggerated”
I heard some of Nipsey’s business ideas came from Blacc Sam. Also Blacc Sam was the first person Nipsey called when he got shot. Not his mother, not his sister. So Nipsey had the most respect for him. Also Nipsey bailed him out of jail just last year. Which I heard took MILLIONS to do.. He would be the perfect person to be the administrator.
“[Nipsey Hussle]’s exceptional life story and musical career.”
*************************************************************************
Here lies the problem. He wasn’t exceptional. He wasn’t rich. That little bit of money he has will be gone soon. The store is already closed. The best way to generate money is from licensing Nipsey’s image while he’s still hot.
I’m surprised he has two million dollars. When you’re cashing people out at a ghetto store you rent, money is tight.
Again this shows you why he should have been MARRIED to Lauren London..darn shame this is evem up in the air
How you make $200mil giving music away for free. If his estate is worth that much the Feds will be very interested to know how.
Only $2million? Geez.
He had a will? Since when?
Key words, “I heard”…nothing factual just like all the folks claiming he was worth millions upon millions.??
The hood CPAs came up with those figures.???
I didn’t even know Nipsey was worth $2 million. In California, that is like pennies. Hopefully they can capitalize off of this and increase that number for the sake of his legacy and kids. I never knew who Nipsey Hussle was and wasn’t aware of all these fans he had. I remember when I first saw him on television at the Grammys sitting next to Lauren London because of his nomination. I was shocked to learn of his sudden passing. I encourage people that when you come into any kind of success, always have a will drawn up. Nipsey’s beneficiaries are his children, then his parents, after that comes his siblings or next of kin. Hopefully they make the right moves!
I NEVER post false info! My track record speaks for itself.
Right…folks was talking like he was the hood equivalent to MJ or Prince.
What track record? You heard something that may or may not be factual.
“I NEVER post false info! My track record speaks for itself”
This!!!
Right. He hadn’t been around long enough nor a big enough star to accumulate that kind of wealth. It sounds like he didn’t have a will or estate planning so the government will get a healthy chunk of that $2 million. Not counting people’s money but I doubt TI or Lil Wayne are even worth $200 million.
I would love to know Lauren’s thoughts on this whole situation. And she needs to be making sure Lil Wayne has his affairs in order too.
It twasnt me but you’re absolutely right.
Hopefully Lauren had insurance on Nipsey.
Insurance on his life and his business interests. If not in her name, at least in the offspring’s name. Even without a will, insurance speaks for itself.
So sad.
How Sway? Store closed already? Damn..it’s barely been a month.Why can’t the brother keep the store open? They couldn’t use any of the money that was put back to keep the store open? The store would have been booming and generating all type of income at a time like this. Black people and business decisions…….come on man……we have got to do better. That’s a damn shame the store closed that fast.
The CPAs had an office next door to Nipsey”s store in the strip mall. You know the mall is hood, ghetto and ratchet, when a Boost Mobile store is there.
Lauren did….lol.
You better tell them!!!!! Black people are just ridiculously sad man. Just jumping on the bandwagon….and didn’t even know the man. Me personally I had never heard of him, didn’t know one song, barely knew what he looked like….nothing. Wtf I look like arguing with people about what type of man he was……………………and can’t even cite one lyric or one verse from his music. Matter fact I only heard of him when he put up a pic Lauren on IG….and quoted….”Pull out or nah”?
I was turned off then ..and never heard nothing else about the man until he died.
Shiiii..T.I….probably is barely worth 200,000 at this point.
With his ‘syrup drinkin’, ‘seizure havin azz’. I bet Baby got insurance on him tho. Most labels who got rappers on the roster get insurance on their life.
He had a policy for his kids
The store isn’t closed it’s just shut down temporarily so they can fulfill orders and regroup. The owner was gunned down in front of it
The store isn’t closed it’s just shut down temporarily to fulfill orders and regroup
It was a million dollar bail so it was $100,000
He still has money in business ventures and life insurance policies for his kids
He had a life insurance policy
Sam doesn’t smoke or drink AT ALL
The store isn’t closed tho
He had a life insurance policy
He had a million dollar life insurance policy for his kids tho
THANK YOU
Mr. Sam I Am right hand man had a little problem staying out of jail. His rap sheet is EXTENSIVE. Nip couldn’t put ANY of his business interests in his name for that reason. Now he thinks he should run the show?? Yeah, okay.
You don’t believe the very words that you are typing….and I don’t either.
They took all these orders, but nobody has the AUTHORITY to sign anything, allocate monies, or do anything in the name of the business. Nip’s family may have helped him out on some stuff, but none of them were partners or signing authorities. What a mess.
Ooh chile… ??
????? His brother was his business partner I don’t see the problem
????? His brother was his business partner I don’t see the problem
I’m POSITIVE he was worth waaay more than 1 or 2 million. Trust me on this. ????#TMC
I’m POSITIVE he was worth waaay more than 1 or 2 million. Trust me on this. ????#TMC
lmao ! You know how you scroll through comments silently and it’s always that ONE that makes you yell out in laughter. This was it
Y’all got me week talking bout these hood CPA’S. Not hood accountants, not hood financial advisors. But they went straight to the top. CPA!!! #dead
And ratchets talking about their relationship is relationship goals. Chile please. If you’re gonna nut in me, impregnate me, then pass on a few years later, we better be married. Don’t leave me on the earth with a young child to raise and having to fight in courts over your money. Relationship goals my ass.
Bye Samantha.
@YouWont
Girl, that ain’t nobody but Samantha.
I knew he didn’t have the kind of money people were claiming. Makes me wonder where was his money really coming from?? I also believe that Lauren did authorize Reggie Bush, to start a gofund me. She got talked out of it so that people wouldn’t speculate about Nips’s finances.
I said on one of my previous post, that I wouldn’t be surprised if this guy didn’t have any real money. Looks like we were right! Makes me wonder what was that store really being used for?
Sounds like it’s time for everyone to go get a job!
Oh lord smh
I never said the store was closed what I said was there was a video going around with ppl removing boxes and totes clearing out the store and loading things on a truck maybe it was all those orders that ppl ain’t got maybe they were taking them to fed ex ups and the post office for shipping
And that’s great that he did did he have a will that would specify how his estate is to be handled? Funds and possessions outside of the insurance policy?
????
LIl Wayne can’t even get his money from baby lil wants couldn’t even conduct his affairs in business properly too busy calling another grown man named BABY Pa or daddy ????? He another one whose funds and business affairs will be all outta order. Unless he buckles down and focus
????
Nipsey said he was worth a couple mil.
I guess it will take y’all a while to figure out where the 200mil came from???? ?
Wasn’t Sam also trying to gain guardianship for Nips daughter earlier this week after the sister was denied ?. Is he still grieving the reason why he couldn’t keep up the orders and the store closed? Since he was pretty much running the show prior to Nipseys death.
?Let them keep guessing. ??????.
According to Nip, Blacc Sam got his own money and said he bailed him self out of jail. But everything else you said was 100%. Spot on. ????
Dont waste time trying to prove anythimg… Let TMC and ?????
???. Don’t let your ego get the best of you. Let them think what they want to.
Lmaoooo
Wait what $100K? I don’t remember hearing about this part. ??
Thiiiiiissssssssssssssssssssssssssss !
Damn. Never thought about it that way. You have a point. !
In EVERY other comment you are REPPING this life insurance policy. ME THINK you must be the BENEFICIARY.
I’m sure this is exactly what Nipsey would want. Nipsey talked about his brother in just about every interview.
Down thread, they calling you to the front of the congregation ?
LOL naw he ain’t
Exactly!!! Everyone kept acting like $100k was nothing and that Nipsey had stacks on stacks of millions… I knew Reggie wouldn’t lie about sh*t like that… why would he?
????
They say she’s an addict and her ig looks suspect. She had Nipseys daughter at 16 which was her youngest child of 3 kids. She doesn’t have custody of none of her kids. So I don’t blame them wanting to keep her close.
You’re so right! Reggie had nothing to gain from this.
Well considering she has more than him I would say the $2M isn’t worth the hassle for her. Her son will get his share regardless. Let the others fight over it.
Let the church say Amen!
Where the receipts? Not you posting how you know err body in the music biz.
Go to TMZ they reported it a little more accurately. The brother wants control to make business decisions for Nipsey. Such as Bio Pic and stuff like that. The 2 million is in real estate.
His brother is who contributed 100k to Nips career to help him get started.
Nipsey was crazy about his brother, everybody knows that. and I belive that his brother has his best interest at heart and is more concerned with Nips name not being ruined, not the money.
At this moment I’m glad he did not marry Lauren, maybe God wanted it that way. Because even though I love Lauren, she is not business Savy like his brother.
His brother wants control over any business decisions concerning Nip. And rightfully so. Nipsey has made it very publicly clear on many interviews and songs that he is crazy about his brother and puts him above anyone else in his life.
His brother is concerned with representing Nip in any of these business dealings. He is not concerned with 2 million. Blacc Sam has his own money, remember he’s is the one who invested in Nipsey in the first place. ??
Didn’t think about that
You are 100% correct.
2 million is the public and IRS number.
Half of that 2 million is going to child support and trust funds for Nipsey’s daughter and son.
She told the world she gets faded…
No Sam was not trying to gain guardianship. It was revealed that he co-signed the sister having guardianship. It’s being reported that Nipsey had custody of the daughter before his death. Why I don’t know. And as far as the orders there have been millions according to the family. They were not prepared for the thousands and thousands of orders per day in the days that proceeded Nipsey’s death.
According to Nipsey he had a million dollar life insurance policy and trust funds for his kids and his family. TMZ has also reported the trust funds. Whatever was set forth in those trust funds have to be abided by. The life insurance and trust funds has nothing to do with the 2 million dollars in business assets that his brother would like to manage. It doesn’t include personal property such as cars or homes or personal bank accounts either.
Sam seems very focused ? Hope he and his sister can get the store back open. Didn’t Nip have a deal with PUMA ?
hahahahahahahahahahaha
Nip was 33 yrs of age. Who thinks of drawing up a Will at that age? His death was untimely. I’m hoping that if he’d live longer he may had written a “will”…Hell look at Prince,he was in 50’s without a “will” and Rere was dam near 80 without one. That is something some people just don’t bother about doing. Without a “will” shidt could be tied up in the courts forever. His kids are entitled to part or all of their fathers estate. I hope this doesn’t get ugalee. Ummm…the susta wants his dawta,and the brother wants to be the executor of Nips estate. *in mah jeopardy voice* I’ll take “for the love of money” by the Ojays for 500 Alex!!
I’m all for protecting children! My question—if she was so bad that Nipsey ( so it’s said) had her 50% of the time moves should have been made for legal guardianship before he died!? He must have respected her somewhat as a mother because he took the girl back to stay with her for a fair given amount of time ?????! Unless she’s just “out there” and it can be proven…they’re going to be hard pressed getting custody! They’d do better for EVERYBODY involved to keep a personal off the table agreement like apparently her and Nip had..That’s who he CHOSE to be the mother of one of his children..if she gets some money…so be it! ?????
?first sentence
?
Right on!
?
?
That prince situation is a pure tragedy. That man fought his entire career against the greedy record company’s , even went so much as changing his name to a symbol so that record companies couldn’t reference his name for old performances and songs since he regained his masters. Only to have his family sign it over at a blink of an eye.
Say it for the people in the back!
Bye Samantha
Sam was Nipsey business partner…he ran his business anyway…that is his job …
Lauren is not entitled to anything. As long as the kids have a trust fund and insurance policy beneficiary married or not. Lauren is not owned anything.
what is his brothers credentials. nipsey daughter will be 18 soon if im not mistaking. I think she needs a separate financial guardian. someone to make sure her interest are being cared for. like Priscilla presley and graceland she ensured that her daughter had a great future. granted lisa marie traded most of it in a bad deal but still.
the store wouldve already had a manger and staff. all they would have needed was more packers and shippers. if it was truly a story. the people who signed for everything wouldve just kept doing it. hopefully they was just sending the items to professional shippers instead of doing it in house.
Yet, he didn’t make sure his business partner had a simple will in place?
And that’s exactly how my day felt. Slow and dramatical..lls
Way to deflect! *childish*
I thought you meant the brother
Naw just letting the truth be known since the writer of the blog spreads false info for click and bait boo
Bye Wig
You don’t believe in the truth and that makes you an ignoramous
Bye Wig! You really are a vile person to keep responding to my comments. If you don’t like what I am saying or don’t agree… move along fly….. all your doing now is deflecting because you have no valid counter
Yeah me thinks maybe I am ?