Entertainment

JAY-Z is hip-hop’s 1st billionaire!

Published

5 years ago

June 3, 2019

Eric

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.

Entertainment

‘We Finally Lost Him’, AGN Confirms Junior Pope’s Death

Published

1 week ago

April 11, 2024

Eric

The National President of the Actors Guild of Nigeria (AGN), Emeka Rollas, has confirmed the death of Nollywood actor, John Paul Odonwodo, popularly known as Junior Pope.

The actor and three of his colleagues were coming back from a movie location in a boat when they fell into Anam River in Anambra on Wednesday.

Rollas took to his instagram page on Thursday to disclose the sad development as he wrote, “It is so so sad that our joy was shortlived.

“My first post was out of excitement when we noticed his tingling fingers. Two notable hospitals tried their best to revive him but to no avail.

“God knows the best. We finally lost him,” he said.

Junior Pope joined the Nollywood industry in 2006, and started attending movie auditions and acting as a minor character in movies.

He usually played the role of a bodyguard, palace attendant, and servant in movies.

In 2007, he rose to fame after acting in the Nollywood blockbuster movie “Secret Adventures”, a movie directed by Tchidi Chikere.

He acted in more than 150 Nollywood movies which include: “Secret Adventures”, “Mad sex”, “Bitter Generation”, “Vengeance of Bullet”, “The Cat”, “The Generals”, “Wrong Initiation” among others.

DailyPost

Entertainment

I’m No Longer Cut Out for Marriage, Having Kids – Iyabo Ojo

Published

1 week ago

April 11, 2024

Eric

Nollywood actress Iyabo Ojo has said that she is no longer cut out for marriage or having kids, stressing that her now is only for enjoyment.

Iyabo Ojo, a divorcee, expressed her intention not to seek marriage with her current partner, music executive Paul Okoye, also known as Paulo, saying their realtionship is for companionship.

Taking to her Instagram page, the actress shared, “Marriage – done and dusted. Had kids – done and dusted. Raised my kids – done and dusted. Next stage: Enjoyment! Enjoyment! Enjoyment!”

She added that people should, however, do what makes them happy and works for them.

“This is me. Do you ….. do what makes you happy and what works for you,” she wrote.

Iyabo Ojo is a prominent Nigerian actress, filmmaker, and entrepreneur.

She has been active in the Nigerian film industry, often referred to as Nollywood, for many years.

Ojo has appeared in numerous movies and has gained recognition for her talent and versatility as an actress. Apart from her acting career, she has also ventured into film production.