Apr 12, 2015 10:47 PM EDT

How Much Is Nelly’s Net Worth After Recent Felony Drug Charges?

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Nelly is a rapper with an estimated net worth of $60 million. He recently made some buzz after he was reportedly arrested in Tennessee on felony drug charges Saturday.

The 40-year-old famed hip hop star Nelly and his net worth value are currently under scrutiny following his arrest on drug charges. According to the authorities, a state trooper pulled over the private bus he was riding in and found drugs, including meth and marijuana along with several handguns, CNN reported.

Nelly's arrest on Saturday followed the 2012 incident where Nelly, whose net worth is $60 million as listed by The Richest, was stopped by the police at a border patrol checkpoint in Sierra Blanca, Texas. Reportedly, the rapper and several other people was pulled over on suspicion of possessing 36 Ziploc bags of heroin, as well as pot and a loaded .45 caliber pistol. Despite the accusations, Nelly was not arrested.

Considered as one of America's most successful rappers, actors and entrepreneurs with remarkable net worth values, Nelly has already won two Grammy Awards. He started his career back in 1993 with the rap group known as The Lunatics. In 1996, he signed his first recording contract and by 2000, he made his solo debut with the single, "Country Grammar."

To date, Nelly has sold over 20 million records in his career. And his stardom continue to rise as he remains extremely active in several areas of endeavor with many projects in the planning stage or already in production. To further increase Nelly's $60 million net worth, he started two clothing lines, Vokal and Apple Bottoms, Celebrity Net Worth noted.

Meanwhile, the Tennessee Department of Safety and Homeland Security (TDOS) told E! News that Nelly, whose real name is Cornell Haynes, was charged with simple possession of marijuana and felony possession of drugs after a small quantity of illegal drugs (MDMA aka Molly or Ecstasy) were discovered during the routine search.

TMZ added the rapper was also booked for drug paraphernalia possession after the police found around 100 small Ziplock bags, which are commonly used for drug selling. Numerous handguns, including a gold-plated 50-caliber Desert Eagle pistol, a 45-caliber Taurus pistol, and a 500 magnum Smith and Wesson were also found.

Another passenger identified as Brian Jones was also apprehended and accused for possession of a handgun as a convicted felon. As stated by NBC News, Nelly and Jones were detained at Putnam County Jail but were released after posting a $10,000 bail bond; However, Nelly's lawyer, Scott Rosenbaum stated that his client will not be linked to the drugs when facts come out.

"We are extremely confident that when the facts come out, Nelly will not be associated with the contraband that was allegedly discovered," Rosenbaum said in a statement.

For now, Nelly and Jones have not yet commented on the accusations. So, do you think Nelly's net worth will be affected by the recent drug charges?  

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