American rapper Nipsey Hussle's estate has finally been settled following the rapper's passing a few years ago. Here is a breakdown of his $11 million estate.
Ermias Joseph Asghedom, known professionally as Nipsey Husslewas murdered in 2019, and since then, his wife Lauren London has been vocal about keeping his legacy alive.
One way Nipsey's legacy is guaranteed to live on is through his children, and it appears he prepared a comfortable life for them before his passing through his estate, which has now been settled.
Nipsey's life was centered around his music and family — so it is no surprise that his children came first when it came down to who inherited his assets.
Keep reading for a complete breakdown of Nipsey's $11 million estate.
Nipsey Hussle's kids are the primary beneficiaries of his estate.
Nipsey had two kids at the time of his death — his daughter Emani Asghedom, whom he shared with ex-Tanisha Foster, and his son with Lauren London.
According to reports, the negotiations over Nipsey's estate finally came to a close recently, and it has been finalized that his son and daughter are his two sole beneficiaries.
Nipsey's estate is valued at over $11 million and includes 100% interest in The Marathon Clothing Inc. and his trademark portfolio, a 2012 Chevy Suburban, 100% membership interest in All Money Inc., 100% interest in Marathon Studios, and 100% interest in The Marathon Touring, — along with various other companies and businesses.
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Lauren will be awarded 50% of the cash and non-cash assets on behalf of Kross, per People, along with an additional $113,000 to offset payments made for Emani's "health, education, and other matters."
"In my life now, anything that I do I want it to have purpose and I want it to be intentional," Lauren told E! Newsof Nipsey's legacy. "I hope that he would be proud that I am taking a chance on myself. Any and everything I do will always be attributed to him in my heart."
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Nipsey's brother revealed his assets have doubled since his death.
Nipsey's brother Samiel Asghedom (Blacc Sam), who also served as administrator of the estate, and his family were awarded Emani's guardianship alongside 50% of assets on her behalf.
Blacc Sam shared with Earn Your Leisure podcast hosts Troy Millings and Rashad Bilal that although Emani and Kross attained the property rights and ownership to benefit them in the future, the value of the property has already doubled.
Additionally, it was disclosed earlier this year that Puma continues to contribute to a trust fund for the rapper's children, demonstrating ongoing support for the family even after Nipsey's tragic passing.
Eric Holder, the man convicted of assassinating Nipsey Hussle, was sentenced to 60 years in prison. Holder was found guilty of first-degree murder, plus two counts of attempted voluntary manslaughter, and two counts of assault with a firearm.
Nipsey Hussle's kids are the primary beneficiaries of his estate. Lauren London with her sons, King and Kross. Nipsey had two kids at the time of his death — his daughter Emani Asghedom, whom he shared with ex-Tanisha Foster, and his son with Lauren London.
Lauren London to Receive $5 Million From Nipsey Hussle's Estate for His Son, 50 Percent of Marathon Clothing Company – Report. Lauren London will reportedly receive $5.6 million from Nipsey Hussle's estate for their son and 50 percent of the rapper's Marathon Clothing Company.
Kross, 7, and Emani, 14, are the late Cali rapper's two sole beneficiaries. Nipsey Hussle's children have reportedly been named the sole beneficiaries of his estate.
The Guardian profiled Hussle this week and he finally opened up about the entire process of selling an album for $1000. “It surprises me,” he says. “As much as I believe in it. Every time I get a transaction, I get a text on my phone, and I've been hitting them back.
After four years since the tragic murder of Nipsey Hussle, it been reported that, Lauren London, in the interest of their son, will receive over $5 million and 50% of The Marathon Clothing line from Nipsey Hussle's estate, which is being controlled by his brother.
Countless murals were created to memorialize Nipsey upon his death. His gravesite is located inside the Court of Liberty section of Los Angeles' Forest Lawn Memorial Park.
At the time of his tragic death, Nipsey Hussle net worth was $8 million, attesting to his entrepreneurial spirit and financial acumen. However, his true wealth transcended monetary value, encompassing the profound impact he had on his community and the world at large.
That trip split his life into before and after, from a young man steeped in gang culture with aspirations of being a rapper, to a community activist with an entrepreneurial spirit who earned a Grammy nod. Hussle, born Ermias Asghedom, stayed in Eritrea for three months in 2004.
Nipsey's assets were worth around $11 million. The estate will pay his children $5 million and annual payments. Nipsey Hussle is survived by his two children, a daughter named Emani and a son named Kross.
And at the time of his death, Nipsey was unmarried. That meant that his two young children would split his $2 million estate. But, Nipsey did not engage in even basic estate planning. In addition to failing to nominate guardians for his two minor children, Nipsey did not even have a basic will.
Nipsey Hussle's estate has finally been fairly and equitably settled, with his $11.3 million net worth set to be split evenly between his son, Kross, and his daughter, Emani.
Ermias Joseph Asghedom (born Airmiess Joseph Asghedom; August 15, 1985 – March 31, 2019), known professionally as Nipsey Hussle (often stylized as Nipsey Hu$$le), was an American rapper, entrepreneur, and activist.
London and Hussle welcomed their son, Kross Ermias Asghedom, on Aug. 31, 2016. Soon after Kross was born, London shared a photo on Instagram of her new baby holding onto her hand.
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