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JAY-Z is hip-hop’s 1st billionaire!

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According to the latest rankings by Forbes, Jay-Z has joined the billionaire gang with his estimated wealth climbing the $1B mark, making him the first hip-hop artist to attain such position.

According to Variety, the artist’s primary holdings follow, which Forbes calculated by “looking at the artist’s stakes in companies like Armand de Brignac champagne applying our customary discount to private firms then added up his income, subtracting a healthy amount to account for a superstar lifestyle,” which were then vetted by “a roster of outside experts.”

According to the latest ratings by Forbes, Jay-Z has joined the billionaire gang with is estimated wealth climbing the $1B making him the first hip-hop artist to attain such position [PitchFork]

Here are Jay-Z’s line of businesses and how he has been able to amass so much wealth;

Armand de Brignac champagne: $310 million, Cash & investments, including a stake in Uber worth an estimated $70 million, $220 million. D’Ussé cognac: $100 million, Tidal streaming service: $100 million, Roc Nation: $75 million, Music catalog: $75 million, Art collection: $70 million and his Real estate business which is worth $50 million.

It would be recalled that back in 2018, Jay-Z overtook P.Diddy to become the wealthiest person in hip-hop

Back in 2018, Jay Z, was crowned the richest hip-hop mogul in the business overtaking longtime champ, Diddy

Back in 2018, Jay Z, was crowned the richest hip-hop mogul in the business overtaking longtime champ, Diddy. According to Forbes, Jay Z is now the richest hip-hop in the business with close to $1B in the bag, a position which he has never occupied.

Diddy who has always occupied the position dropped to the second position with an estimated wealth of $825M. Forbes says the reason Jay-Z’s wealth went all up on the table is his new business interest in alcohol. He bought a stake in Armand de Brignac and D’Ussé cognac which increased his net worth.

Forbes says the reason Jay-Z’s wealth went all up on the table is his new business interest in alcohol

Let’s not also forget about his nine-figure ownership stakes in his Roc Nation empire and Tidal streaming service.

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Entertainment

Veteran Nollywood Actor, Amaechi Muonagor Dies at 61

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Nollywood legend, Amaechi Muonagor, has reportedly passed on. He was 61.

The actor suffered kidney failure and has been on dialysis.

His demise on Sunday came just few days after a video, where he was soliciting funds for Kidney transplant went viral.

His death comes weeks after another Nollywood actor, Mr Ibu, died.

No official statement has yet been released.

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Popular Celebrity Award: Adeleke, Dele Momodu Hail Nigeria’s Entertainment As World Class

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The governor of Osun State, Ademola Adeleke, and Publisher, Ovation International Magazine, Aare Dele Momodu have hailed the Nigerian entertainment industry as world-class by all standard.

The duo made the disclosure at the unveiling of a voting platform for Most Popular Celebrity Award in Osogbo, Osun State by Governor Adeleke.

Speaking with journalists at the Celebrity House, Osogbo, venue of the unveiling, Momodu said Nigerian music industry and Nollywood are global brands, adding that the award would further boost the industry’s rating towards becoming a global leader.

“The Nigerian entertainment industry is world-class, it is one that would become number one in the world. So, I am proud of what Osun state has done. Governor Ademola Adeleke is investing in the industry; he is from a family that is into entertainment with the likes of David Adeleke (Davido), Shina Rambo, B-Red among others.

“This project is aimed at producing more of Davidos, B-Reds, not just in the state but also across the country, hence, our decision to support the ambition.

“I urge Nigerians to join the platform and vote for their favourite celebrities. This is an industry that can solve the problem of unemployment if properly supported. It could take our youths out of poverty,” he said.

Declaring the platform opened, Governor Adeleke, who was represented by the Commissioner for Tourism, Abiodun Ojo, said the reason for the choice of Osun for the event is not far-fetched, saying the state is the cradle of entertainment with the likes of late Duro Ladipo, Kareem Adepoju (Baba Wande), Yemi Elebuibon to the trendy Davido among others.

“Today, we are unveiling another landmark, a prestigious honour to creative minds. It is an integrity laced process and a unifying force to boost the industry, through an enigmatic progression that will create over 50,000 entrepreneurs Nationwide.

“This will be a drive to a sustainable data based National Recognition in form of an Award to Nigeria’s MOST POPULAR CELEBRITY for the year 2023 in 17 Categories to be crowned here in Osogbo,” he added.

The project coordinator, Solanke Hamzat, said the platform would offer fans opportunity to vote for their favourite celebrities in seventeen categories.

He said the platform is devoid of any technicalities and is making the fans the decider based on the influence such celebrity had on their lives.

The Osun State government under Governor Adeleke has been in the forefront of promoting tourism, culture, entertainment and more in the state.

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Glo Launches Naija Comedy Service to Boost Entertainment, Fun

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A new offer, Glo Naija Comedy Service, which features an array of video content from top Nigerian comedians has been unveiled by digital solutions company, Globacom.

Globacom explained in a press statement in Lagos that “Glo Naija Comedy Service, was designed to suit customers’ entertainment and fun needs and its available at the palm of customers’ hands on all android and i-phone devices and on any web browser of their choice.”

Glo stated that the stress-bursting video content service which is deployed in conjunction with NCC-licensed aggregators will feature the likes of Sabinus, Aki and Pawpaw and others, providing rib-cracking jokes and entertainment for the enjoyment of Nigerians. It added that “Glo Naija Comedy Service ensures there is something for everyone”.

The service, according to Globacom,  is easy to use and it works on all web browsers. It stated that there is no need to download any app to enjoy it, adding that “As long as a subscriber has an active data pack, he or she will be able to access Glo Naija Comedy Service and savour the fun”.

Customers can subscribe to the service by dialing the short code 55222 or *55222# while subscription for the service include daily subscription pack which attracts N20 per day, weekly subscription which goes for N100, and the monthly packages starting from N500.

Globacom said “Customers can also call Glo Customer Care Centre on short code 300 for additional information on the service.”

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