Entertainment
Forbes Declares Jay Z, Rihana As World’s Richest Musicians
Forbes has named American music Mogul Jay Z as the richest musician in the world. The music mega star is now the first rapper to become a billionaire.
“It is clear that Jay Z has accumulated fortune that conservatively totals one billion dollars making him one of a handful of entertainers to become a billionaire and the first hip hop artiste to do so”, Forbes stated.
Forbes’ breakdown indicates that the rapper’s chief source of wealth is his $300-a-bottle Armand de Brignac Champague brand (at 310 million), but also boasts of investments at well over $200 million including a large stake in uber.
Forbes said the reason Jay Z’s wealth went all up on the table is his new business interest in alcohol, his streaming service Tidal allegedly supplies about $100 million of his net worth just behind his Cognac D’Usse’.
Jay Z recently gave a special performance to celebrate the reopening of the celebrated NYC venue over site hall. He and his wife, Beyonce were recipients of vanguard prize at the Glad Awards in Miamc.
Forbes also declared popular American singer Rihana as the world’s richest female musician with $600 million fortune. This is coming a few days after Forbest declared Jay Z the first billionaire in hip hop history.
Rihana was declared the richest after her fortune surpassed Madonna’s who has $570 million, Celion Dion with $450 million and Beyone who garnered $400 million.
The singer’s wealth came from her music, make up brand, Fenty beauty co-owned by French Luxury giant LVMH in September 2017 online and Sephora.
Also due to Rehana’s fame the on line recorded a revenue of $570 million last year just 15 months of business.
According to Forbes, the singer makes her money from touring and musical releases, however, she makes money from co-owns, Savage X Fenty Lingerie line. Back in May she signed a deal with LVMH to launch a luxury fashion brand based in Paris which will produce readymade clothes, shoes and accessories.
“I just want to see things from my pers pective, I’m a young black woman who loves and embraces all of the young people’s ideas and energies. I’m so about that”, she hold APF in Paris recently.
“I never thought I’d make this much money, so a member is not going to stop me from working, money is happening along the way, but I’m working out of what I love to do, what I’m passionate about”.
R&B star, Temilade Openiyi, popularly known as Tems, has recounted the early-career challenges she faced, revealing that she was once booed out of the stage while performing at a school event.
Speaking in an interview with Newsmen, the Crazy Tings crooner shared that she wasn’t only booed but was also harassed with plastic bottles.
“I remember one time I was going to perform at my school as an up-and-coming singer and I thought I was going to receiving a standing ovation.
“But I got booed. They even threw plastic bottles at me,” she recalled.
Tems explained that despite the embarrassing incident and other such rejections, she remained determined to pursue a career in music.
The Tide Entertainment reports that Tems admitted that some of the initial rejections she faced could be due to her conviction to stick to her originality instead of doing covers or familiar sounds like most of her peers.
The Grammy-winning singer said looking back now, she is glad that she didn’t compromise her style despite the initial pressures.
A close associate of late singer Mohbad, Primeboy, has appealed for the artiste’s burial nearly three years after his death.
According to him, Mohbad’s body remains in the mortuary since September 12, 2023, pending burial arrangements.
The Tide Entertainment reports that in a statement Primeboy urged the family, public, and government to permit the burial, stating, “It’s been almost three years since Mohbad left us. His body is still in the mortuary. I’m begging the family, I’m begging the public, I’m begging the government, please let’s bury our brother. He deserves a befitting burial.”
It would be recalled that Mohbad’s death sparked public outrage, protests, and investigations. Ongoing autopsy examinations, police inquiries, and legal proceedings have delayed burial arrangements amid family disagreements and public scrutiny.
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