Nelly just made a deal to sell 50% of his stock for $50 million.
The Grammy-winning musician recently worked with HarbourView Equity Partners to sell a group of his well-known recordings. The partnership includes the purchase of his chart-topping songs, such as “Ride Wit Me,” “Dilemma,” which features Kelly Rowland, and “Hot in Herre,” which was a huge hit.
“As artists, we put our hearts and souls into every song, and there comes a time when you think about keeping that art alive. My music is my legacy, and I want it to live on after I’m gone, making my current fans happy and reaching out to new groups and audiences. Nelly said in a statement, “I’m excited to work with HarbourView to make it possible for people to find my music decades from now.”
Sherrese Clarke Soares, who started HarbourView Equity Partners, said, “This catalog has had a huge effect on fans for generations. Works like “Hot in Herre” and “Shake Ya Tailfeather” set the tone for an era of music that was a unique mix of hip-hop, R&B, and country music. We’re excited to add these important pieces to our collection and look forward to working with the team to keep supporting the art in our environment.”
The hip-hop superstar is also having another good year with his business endeavors. He is about to go into the studio to record his new album, “Heartland 2.” This comes after the success of his first full country-inspired album, “Heartland,” which included the triple platinum song “Lil Bit” and collaborations with Breland and others. “Heartland 2” will be made by a group of women working together.
Nelly also makes music, but he also has his own moonshine called “MoShine,” which is named after his city of St. Louis, MO. The rapper also just performed his own sold-out festival called “Hot n Herre,” which is the name of his most popular song.