Nelly’s Net Worth: How Rich is this Rapper Actually in 2024?

Should Nelly ever ask you to ride with him, you should say no. On August 7, the rapper was caught driving without insurance. Fox 5 says that the charge and the ecstasy pills that were found on him at the time put him in a Maryland Heights jail cell.

Fans are more interested in the fact that he doesn’t have insurance, even though this is probably the main reason for his most recent arrest, which has since been cleared up

This is especially true given how great his rap career is. You should know that car insurance is pricey, but most people think that someone as famous as Nelly can manage to pay for it. How much money does he have?

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Nelly’s Net Worth in 2024

Nelly is an artist, actor, and business owner from the United States. Celebrity Net Worth says that he is worth $70 million. In 2000, Nelly’s song “Country Grammar” made her a big star. That record is his best-selling album to date; it sold more than 10 million copies around the world.

It was a huge hit because of songs like “Country Grammar (Hot Shit),”  “E.I.,” “Batter Up,” and “Ride Wit Me.”The release of his second record, “Nellyville” (2002), made him an even bigger hip-hop star. It had the number one hits “Hot in Herre” and “Dilemma” with Kelly Rowland, the latter of which won a Grammy Award in 2003.

Nelly is one of the best-selling rap acts. As of this writing, he has eight studio albums out, which have sold more than 21 million copies in the US and 40 million copies around the world. Besides singing, Nelly has done a lot of other things, like acting in movies like “The Longest Yard” (2005) and “Reach Me” (2014).

He started the brand of drink called MoShine. He also started a non-profit group called Jes Us 4 Jackie to bring attention to the need for African American bone marrow donors.  

Nelly’s Career Journey

Nelly, born Cornell Haynes Jr. on November 2, 1974, in Austin, Texas, is a prominent American rapper, singer, and entrepreneur known for his unique blend of hip-hop and country influences.

He grew up in St. Louis, Missouri, where he formed the hip-hop group St. Lunatics with friends in the late 1990s. The group had some local success, but Nelly’s solo career took off after signing with Universal Records in 1999.

Musical Breakthrough

Nelly’s debut album, Country Grammar, released in 2000, was a massive success, featuring hits like “Country Grammar” and “Ride Wit Me.” The album was certified nine times platinum and established him as a leading figure in the music industry.

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His subsequent albums, including Nellyville and Brass Knuckles, continued to perform well, with multiple singles reaching the top of the Billboard charts.

Over his career, Nelly has sold over 21 million albums and received three Grammy Awards, solidifying his status as a hip-hop legend.

Diverse Ventures

Beyond music, Nelly has ventured into various business endeavors. He launched the clothing line Apple Bottoms in 2003, which became highly successful, generating over $150 million in revenue before he sold it in 2015.

He also founded Derrty Entertainment, his record label, and has engaged in philanthropic efforts through the 4Sho4Kids Foundation, focusing on children’s health issues.

In recent years, Nelly has expanded his reach into television, starring in shows like Nellyville and Real Husbands of Hollywood. He also competed in Dancing with the Stars in 2020, finishing in third place.

Recent Developments

In 2023, Nelly sold 50% of his music catalog for $50 million, viewing it as a strategic move for building generational wealth.

He continues to release new music, including collaborations with artists across genres, reflecting his versatility and enduring appeal in the music industry.

Nelly’s career showcases his ability to innovate and adapt, making him a significant figure in contemporary music and culture.

If you want more updates and insights on celebrities, check out our earlier posts where we’ve carefully examined all aspects.

Nelly’s Assets, Cars, Houses

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Nelly has amassed a significant real estate portfolio over his career, though some of his properties have faced challenges:

Abandoned St. Louis Mansion

In 2002, Nelly purchased a 10,799-square-foot mansion in Wildwood, Missouri for $1.925 million with plans to renovate and flip it. However, the planned renovations never materialized and the house sat vacant for nearly two decades, falling into a state of disrepair.

In 2021, Nelly listed the abandoned 6-bedroom, 7-bathroom mansion on a 12-acre lot for $600,000. It eventually sold in a short sale for an undisclosed price, likely less than what was owed on the mortgage.

Former St. Louis Home

Nelly previously owned a lakefront residence in his hometown of St. Louis that was featured on MTV Cribs in 2002. The home had a motor court filled with luxury cars. He sold this property in 2010.Current Residence

In recent years, Nelly has been living with his ex-girlfriend Shantel Jackson in Calabasas, California. However, the couple split in 2023.

Car Collection

Details on Nelly’s current car collection are limited, but in the early 2000s, his St. Louis home featured a motor court with multiple luxury vehicles.

While Nelly has faced challenges with some of his real estate ventures, he continues to maintain a successful music career and business ventures like his Apple Bottoms clothing line. His net worth is estimated to be around $40 million as of 2024.

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