Nelly Sells Half of His Song Catalog For $50 Million – Entrepreneur
Rapper Nelly has something to sing about.
The Grammy-winner, 48, sold 50% of his song catalog for $50 million this week in a partnership with investment firm HarbourView Equity Partners, a source close to the rapper confirmed to Fox Business.
The asset management company purchased “select record assets” including songs “Hot in Herre,” “Ride With Me,” “Dilemma,” and other hits.
In a statement to Variety, Nelly, whose name is Cornell Iral Haynes Jr., said he hopes the sale will keep his fans entertained with his music for years to come.
Since his start in the early 2000s, the St. Louis native has sold 21 million albums, according to Billboard. His debut album “Country Grammar” reached 10 million in sales and streams in 2016 and is certified Diamond.
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