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PRIVATE LIFE WORLD WIDE

The Forbes for People From the Hood

Entrepreneurship๐Ÿ“ Crenshaw/Slauson, Los Angeles

He Grew Up in a Gang on Slauson Ave. Then He Bought the Whole Block.

$8 Million (2019)
Net Worth
Marathon Clothing & All Money In Records
Company
Nipsey Hussle
Entrepreneur
Nipsey Hussle
Photo: Wikimedia Commons

โ€œNipsey Hussle grew up deep in Crenshaw gang territory. He walked away from a major label deal, sold mixtapes for $100 out of his store, opened a coding center for hood kids, and began buying back his own neighborhood block by block.โ€

Ermias Asghedom grew up on Slauson Avenue in the heart of Crenshaw, Los Angeles โ€” one of the most gang-saturated streets in the city. His father was an Eritrean immigrant and his mother Black American, and Ermias navigated both worlds as a child. By his teenage years he had joined the 60s Crips and understood viscerally what it meant to live in a community where opportunity had been systematically stripped away.

What separated Nipsey from most was his business mind. After turning down a deal that would have cost him creative control, he went fully independent โ€” founding All Money In Records, owning his masters, and using his Crenshaw mixtape to prove a point: he sold physical copies for $100 each, and 1,000 fans paid in one day. He made $100,000 independently before a single streaming check.

He used that capital to open Marathon Clothing at Slauson and Crenshaw โ€” the corner that had defined his life. He then opened Vector90, a coworking and coding education space two blocks away, as a direct investment in the next generation of Crenshaw kids. He met with L.A. city government, Google executives, and economic development nonprofits to build a plan for the whole block.

Nipsey Hussle's murder in March 2019 cut short one of the most remarkable community-reinvestment stories in American history, but his legacy lives on. The Marathon continues. He showed every kid from the hood that you don't just make it out โ€” you come back and build. That's the real victory lap.

The Bottom Line
$8 Million (2019)
Nipsey Hussle ยท Marathon Clothing & All Money In Records
Crenshaw/Slauson, Los Angeles