Nipsey’s Hussle’s brother, Samiel Asghedom, has filed a final inventory and appraisal of his late brother’s estate, and it’s worth millions.
In the legal document, obtained by The Blast, Nipsey’s checking and savings accounts and investment accounts have a total value of $11,714.60. Other assets are listed in the inventory, such as: a solid 14K gold necklaces valued at almost $100,000, a pair of 18K gold earrings worth $12,000, two Rolex watches valued at $21,500, a 14K yellow gold with a princess cut diamond valued at $4,700, and a 14K gold charm worth $13,000.
Nipsey’s 2012 Chevy Suburban is listed at $17,015.63, and 100% membership interest in All Money In LLC is worth almost half of his estate’s value of $2,078,000. Interestingly, Marathon Studios LLC has no monetary value while the Marathon Touring, Inc is worth $606,000. Nipsey’s famous clothing brand, The Marathon Clothing Inc, has a 25% of issued and outstanding stock of $271,000, and his trademark portfolio for his name, voice, signature, photograph or likeness on or in products, merchandise or goods is valued at $913,000.
All-in-all, Nipsey’s estate is valued at $4,169,088.57.
Nipsey’s trademark portfolio has come into question as recently as October of this year, when Nipsey’s brother “Blacc Sam” sued the Crips gang for unlawfully using his late brother’s slogan “The Marathon Continues”. In the lawsuit, Nipsey’s brother accuses the Crips gang of trademark infringement, false advertising, and unfair competition.
Nipsey, who was infamously gunned down in the parking lot of his retail store “The Marathon Clothing Store” in March 2019, had trademark registrations for “Nipsey Hussle” relating to recordings, live performances, and clothing, “Proud 2 Pay” relating to music promotion and distribution, and “ASI & Design” and “All Money In” relating to recordings, videos, downloadable music, music production and distribution, fan clubs and online services.
Nipsey’s two children have two separate guardianship cases that are under the court’s jurisdiction. As The Blast previously reported, Nipsey’s brother, who is currently the executor of the hip-hop star’s estate, estimated that Nipsey’s estate was worth over $2,000,000 at the time he filed his original petition for probate, and his estate is worth nearly double!
At the time of the original filing, Sam claimed 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”. Sam worked very closely with his famous brother on the rapper’s business deals as well as helping care for his niece Emani when his brother passed.
As we have reported, Nipsey Hussle’s estate has been hit with some lawsuits since his death, including unpaid credit card debt, and a judgment by Paramount Recording Group. His estate has also sued over royalties over Nipsey’s “Victory Lap” album.
As is the case for several celebrity estate cases, creditors and legal disputes may surface, but sometimes that celebrity estate can have a higher value after their passing, like the case with Michael Jackson, which saw his estate receive a huge influx of cash due to sales of rights and records in the years immediately following his death.