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“I Never Thought I’d Make This Much Money”, Rihanna Is America’s Youngest Self-Made Billionaire Woman, Worth $1.4 Billion

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With a $1.4 billion net worth before the age of 34, Rihanna has surpassed Kim Kardashian to become the youngest self-made billionaire woman in the US.

The 34-year-old pop singer placed 21st overall on Forbes’ annual list of America’s wealthiest self-made women, making the list for the third year in a row. On the list, she is the only billionaire who is under 40.

Kardashian, 41, the second-youngest billionaire on the Forbes list, with a net worth of $1.8 billion.

The cosmetics company, which she co-owns with French luxury retailer LVMH and “produced more than $550m in revenue in 2020,” is what made the Barbados native a billionaire, according to Forbes.

Even while the majority of Rihanna’s wealth comes from Fenty Beauty, the nine-time Grammy winner also derives a sizeable portion of her income from her music career and her lingerie line, Savage x Fenty, which “raised money at a $1bn valuation in February 2021,” according to the publication. At the moment, Rihanna owns 30% of the business.

Regarding her self-made billionaire status, Forbes has given Rihanna a “self-made score” of 10. According to the publication, this ranking, which ranges from one to 10, shows how much of a person’s wealth they have inherited or created on their own.

Rankings of one through five, according to Forbes, denote “someone who inherited some or all of his or her fortune,” while scores six through 10 “are for those who built their company or established a fortune on his or her own”.

Since she previously told The New York Times that a “number is not going to stop” her from working, the entrepreneur, who is the only billionaire under 40 on this year’s list, is sure to keep expanding her company.

“I never thought I’d make this much money, so a number is not going to stop me from working,” Rihanna told the outlet in 2019.

According to a March Bloomberg article, the Savage X Fenty lingerie brand was collaborating with consultants on a potential $3 billion or more initial public offering. That business is 30% owned by Rihanna.

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Kwame Baah sets to launch a global BUSINESS plug for musicians and all entertainers

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Photo: Kwame Baah, a digital marketing expert and a content manager.

Ghanaian digital marketing expert, Kwame Baah is set to launch a global business agency for artiste booking.

“The  primary focus of Get the Artiste is to  bridge the gap between artistes and people or businesses who need talent for various engagements, be it a concert, event, Tv show or guest appearances” Baah told mediaplugafrica.

He explained: “Booking agency is not anything new, is all over the world so it’s nothing new. We are just trying to bring it over here in Ghana  so that our artiste easily  get to be connected with locally and internationally”.

K. Baah currently manages,  strategize, grooms and promotes most of the big names in the Ghanaian music industry.

The official  launch of K. Baah’s initiative “Get The Artiste” will take place on Friday, February 10, 2023 at the 3Music Headquarters, Accra at exactly 5pm.

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Ed Sheeran returns to social with an emotional personal announcement

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British singer Ed Sheeran took to his Instagram to share an emotional personal announcement following his return to social media after a two-month break.

In a video he shared on Instagram, The singer, 31, admitted he has been emotionally detached for much longer.

Ed Sheeran took to Instagram to address his absence. Credit: Instagram/Ed Sheeran

“I realise I haven’t been that engaged in my social media or my fan base online over the last couple of years and the things that have been posted on this account might have got a bit boring, I’m sorry, it’s my fault. Ed said in a video.

“The reason I’m making this video is, just being totally honest, I’ve had some turbulent things happening in my personal life so I just didn’t really feel like being online and pretending to be something I’m not, when I wasn’t feeling like that.

“And I know that sounds weird but hence I’m making this video to say things are looking up and I’m back online.

“Weird s*** is going to start being posted here.”

Ed Sheeran did not elaborate on what ‘turbulence’ he’d endured. Credit: Instagram/Ed Sheeran

However, Ed  did not elaborate on what “turbulence” he’d endured, In February, he lost his close friend Jamal Edwards who tragically died after a cardiac arrest brought on by taking cocaine and drinking alcohol. Three months later, Ed and his wife Cherry Seaborn announced they had welcomed a baby daughter.

In November, Ed told his followers that he was taking a break from social media, after wrapping up work on a new music video.

Sharing a behind-the-scenes snap overlooking a beach, he penned the caption: ‘Signing off now until 2023. See you in the new year. Much love, Ed x.’

According to daily mail, the singer is in the middle of a worldwide tour, and is currently performing a run of shows in Australia and New Zealand.

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Chicago prosecutor drops sex abuse charges against R. Kelly

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R. Kelly arrives for a hearing on sexual abuse charges in Chicago on May 7, 2019.Kamil Krzaczynski / AFP via Getty Images file

Cook County State’s Attorney Kim Foxx told reporters that her office believes “justice has been served” against Kelly, who has been convicted in federal court.

An Illinois prosecutor dropped 10 charges of sex abuse against the singer R. Kelly on Monday, saying the cost was one of the factors she weighed in her decision.

Kelly, whose real name is Robert Sylvester Kelly, is already serving a 30-year prison sentence on charges of federal racketeering and sex trafficking after he was convicted in New York last year.

Cook County State’s Attorney Kim Foxx told reporters that her office believes “justice has been served” with the two convictions. She said her office’s “limited resources and court time” were the ultimate factors, noting that it found the accusations to be credible.

“Mr. Kelly is looking at the possibility of never walking out of prison again,” Foxx said.

Kelly is set to appear Tuesday in Cook County Court, where the charges will be formally dropped. The state has accused Kelly of sexually abusing four people, three of whom were minors.

Foxx announced the state’s case in 2019, saying the incidents occurred from May 1998 to January 2010. Kelly had faced three to seven years in prison for each charge if he were convicted.

The women in the case were identified in the indictment only by their initials. Multiple women have come forward with allegations over the years.

Lifetime aired a six-part docuseries, “Surviving R. Kelly,” in January 2019 in which multiple women alleged Kelly subjected them to mental, physical and sexual abuse. Foxx urged potential victims to come forward to speak with her office about possible criminal activity after the series.

Foxx said Monday that she consulted with the women in the indictment before she decided to drop the charges, acknowledging that some might be disappointed.

“I know firsthand how difficult it is for you to tell your stories,” Foxx said. “Four years ago, I stood at this podium and shared my story of having been a survivor and my full understanding of what it means to have to go before strangers to discuss what is arguably one of the most horrific experiences one could have. And these women, all of them Black, came forward, believing that they would be heard.”

Kelly also faces state charges in Minnesota, where he has been accused of soliciting a minor for sexual purposes and engaging in prostitution with a minor.

In the New York case, Kelly was convicted on nine counts of racketeering and sex trafficking. Jurors found that he set up a criminal enterprise that enabled him to recruit and transport underage girls for sex.

Months later in Chicago federal court, he was convicted on six counts of sexual exploitationand enticement of a minor. He is scheduled to be sentenced on those charges Feb. 23.

Kelly’s attorneys have said he plans to appeal both federal convictions.

Source: NBC NEWS

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