Bill Gates Named The World’s Richest Billionaire

Microsoft founder Bill Gates is the world’s richest billionaire, according to Forbes magazine’s annual ranking of global billionaires. With a net worth of $76 billion and helped by a bounce in Microsoft shares, Gates returns to the top of the Forbes Billionaires list for 2014. The 58-year-old Washington resident beat out Mexican media mogul Carlos Slim Helu (with a net worth of only $72 million).

Spanish clothing retailer Amancio Ortega, of the Zara fashion chain, maintained his #3 spot from 2013, but increased his net worth $7 billion for a total of $64 billion, ahead of Warren Buffett (#4) with a net worth of $58.2 billion. Sheldon Adelson of Las Vegas (#8), increased his net worth by $11.5 billion, and made it back into the top ten for the first time since 2007.

The richest people in the world are now worth a combined $6.4 trillion, according to the publication. That record breaking number is up from $5.4 trillion last year. Also, as shares of Google and Facebook hit record highs, the top 15 tech billionaires attained a collective net worth of more than $382 billion, up 40% from the top 15 of last year. Facebook founder Mark Zuckerberg, who made the biggest jump on this year’s Forbes Billionaires list, moves up from ninth to sixth among the top richest in the technology industry.

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Diddy Has Become Hip Hop's First Billionaire

"A young boy from Harlem, I couldn't even be a waiter. They didn't want me to be a waiter, so you know what I did? I became a billionaire."

Diddy took to the internet to announce that he has become Hip-Hop's first billionaire. Diddy has an impressive body of work in terms of his companies, with Ciroc Vodka, Bad Boy Records (now partnered with Epic Records), Revolt TV, Sean John, and AQUAhydrate all doing well. Puffy also makes sure he gives back, recently opening a charter school in Harlem. Dr. Dre comes in second with a cool 700 million and HOV in third with about 610 million. Watch the video here! Any thoughts?

Diddy recently topped Forbes' list for top earners in hip hop (something he's getting used to doing by this point), and thus sat down with the people at Forbes to discuss his business model, how much he has in the bank, and his potential to become rap's first billionaire.

When asked if he felt he would become the first rapper to hit the 9 figure mark, Puff said he couldn't be sure, but stressed that he would remain humble no matter the outcome. "I can't deny how humbling... how proud I am to be from Harlem, New York, to be from the inner-city and be on the Forbes list," he said. "But it doesn't define me-- whether I become a billionaire, or whatever my status is."

He also made sure to clear the air that the numbers Forbes reports him to have are not reflective of what he has in the bank, and more likely have to do with his assets. "First of all I do want to say to the Forbes cameras, I'm going to tell you that I don't have that money in the bank." he said, half-jokingly. "I want to make sure y’all are clear on that. I have no problem with saying that. If that pushes me down on the list, I’m okay with that.”

30 Richest Black People in the World

 

Across the world, many blacks of different works of life have excelled financially, and their possessions and wealth are quite astonishing. Amongst the 2,755 world’s richest people, there are several blacks too, according to Forbes statistics. When we talk of blacks, we mean people with African or black ancestry.

Forbes publishes a list of the world’s richest people every year using a snapshot of financial information including stock prices, exchange rates, and more to calculate the net worth of the richest people on Earth.

Will Jay-Z Become Owner Of The Denver Broncos?

 

The Denver Broncos could be looking for a new owner, and two of the most powerful celebrities in America reportedly are interested. Jay-Z, the rapper, businessman and media mogul, and Jeff Bezos, the founder of Amazon, have both "popped up" as potential new owners of the Broncos.

George Clooney Still World's Highest-Paid Actor

Clooney took home an industry-leading pre-tax paycheck of $239 million in the calendar year between June 1, 2017 and June 1, 2018, Forbes reported. Though he didn't appear in a film during that period, Clooney brought in his career-high salary on the strength of the $700 million sale of his tequila brand, Casamigas Tequila, in June 2017.

Jay-Z’s $1.3 Billion Fortune Has Nothing to Do with Music

Jay-Z started his music career as Shawn Corey Carter in the ’80s. He rapped to escape the poverty around him. Carter met his mentor Jaz-O and joined the older man in recording “The Originators.” The duo’s song earned them an appearance in Yo! MTV Raps.

This was the moment when Carter took up the name Jay-Z, paying homage to his mentor. The moniker punned on his childhood hood name, Jazzy. It also referred to the subway station near his home known as J/Z. Little did Jay-Z know it would become a household name.

Hip Hop's First Billionaire

+Forbes Magazine may have to change their numbers due to producer, beat maker, inventor, investor +Dr Dre being nominated for +Hip Hop Music first billionaire. Dr. Dre leapfrogged Jay Z in FORBES’ latest rankings of hip-hop’s richest artists, claiming the number two position as his net worth soared to an estimated $550 million. Now it looks like the Beats cofounder could lay claim to the top spot in a matter of days.

Financial Times reported that Apple AAPL -0.42% was in talks to buy Beats for $3.2 billion; the deal would be the computer giant’s largest acquisition ever. Dre’s stake in Beats currently stands at somewhere around 20-25%; we valued the company at $2 billion in our latest round of estimates.

A sale for $3.2 billion would nearly double the value of Dre’s holdings, though capital gains taxes could take a bite out of his big payday, likely leaving him with a net worth in the neighborhood of $800 million. It’s not quite enough to land on the Forbes 400, but it would easily make him hip-hop’s richest man, topping current champion Diddy by $100 million.

Rihanna, Beyoncé and Taylor Swift named 'Music's Most Iconic Figures'

 

Beyoncé, Rihanna and Taylor Swift are the only music acts included on Forbes’ annual list of The World’s 100 Most Powerful Women, where they’re sharing rarefied air with the likes of Queen Elizabeth II, Oprah Winfrey and Vice-President elect Kamala Harris.

“The leaders on Forbes’ 2020 list of the World’s Most Powerful Women are playing a critical role in determining what the post-pandemic world will look like.” “Their influence is being leveraged beyond economic and political might to transform industries and solve for society’s most urgent issues. The power they hold to move us all forward has never been more apparent — or needed.

Rihanna ranks highest among the singing icons, at No. 69, mostly for her charitable efforts. The$800 million Bajan beauty donated millions of dollars to various charities, including coronavirus relief efforts, and to help abuse victims in L.A. and the needy in New York City. Of course, the “Only Girl in the World” chanteuse is also a business maven, thanks to her Fenty Beauty line and Savage X Fenty lingerie line — expanded through a landmark partnership with LMVH, the French conglomerate, which is at the helm of Dior, Fendi, Givenchy, and Louis Vuitton.

Michael Jordan Is Now A Billionaire

+Forbes has just named +Michael Jordan a billionaire. According to Forbes, Michael Jordan is now a billionaire due to an increase in his stake of the Charlotte Hornets to 89.5% from 80%. Sports bankers say the Hornets are presently worth between $600 million and $625 million USD. 

The Milwaukee Bucks sold for $550 million USD in May, and they are considered the least valuable team in the league. Forbes‘ net worth figure for Jordan uses the $600 million figure. The Hornets have $135 million USD of debt, which makes Jordan’s equity in the team worth $416 million USD. After subtracting all the cash Jordan has invested in the team, they estimate his net worth outside of the Hornets to be $600 million USD, giving him a net worth of a $1 billion USD.

The Insane Lifestyle Of Kim Kardashian

 

Kim Kardashian is rich, that's no secret, but her social media and other parts of her life show just how staggeringly wealthy the reality star is.

She's a world-famous reality star with a multi-million dollar business empire, a global social media following, and direct access to the president of the United States. And Kim Kardashian West has done this all by making herself a brand, a move that is almost unprecedented in the world of celebrity.

Kardashian first gained media attention as a friend and stylist of Paris Hilton but received wider notice after a 2002 sex tape, Kim Kardashian, Superstar, with her then-boyfriend Ray J was released in 2007. In recent years, Kardashian has focused on her own businesses by founding KKW Beauty and KKW fragrance in 2017.

Taylor Swift Is The World's Highest-Paid Celebrity

Touring continues to play a crucial role in Taylor Swift’s road to the top. The Reputation Stadium Tour surpassed her own 1989 World Tour as the highest-grossing in the U.S., raking in $266.1 million domestically, according to Billboard Boxscore.

Taylor Swift begins the Lover era at No. 1 on the Forbes Celebrity 100 list, pulling in pretax income of $185 million over the past year, her biggest earnings total yet. Her estimated pay grew 131%, after clocking in at $80 million in 2018.

In 2018, Netflix brought the Reputation Stadium Tour to living rooms on New Years Eve, after acquiring the exclusive rights to the tour for a live concert special. The streaming giant’s payout and endorsement deals with Apple, AT&T and Diet Coke added millions to Taylor Swift’s coffers.

Wu-Tang Clan Sells Album for $2 Million

 

With a history of harnessing their own dynamic and fostering their own language, it was only a matter of time before they rocked the industry with futuristic thinking once again. This time in the form of a one-of-a-kind Wu-Tang Clan album that made it into the hands of a future felon for a whopping $2 million.

When news came out about a single copy album being dropped by none other than Wu-Tang Clan, fans were chomping at the bits to hear the exclusive content. The rap group has made an influential name for themselves in the music industry over the past 30 years, with songs like “Protect Ya Neck,” “C.R.E.A.M,” “Gold,” and many more.

Wu-Tang Clan dropped their single copy album on March 26th, 2014. According to an interview with Forbes that was reported by Scluzay, the exclusive release of their album Once Upon a Time in Shaolin came in response to “music [being] economically and experientially devalued in a world of superficial streaming and data consumption.”

Rihanna’s raises $125M with a Abu Dhabi-based investment firm

 

An Abu Dhabi-based investment firm linked to a top security official in the United Arab Emirates said Thursday it has invested $25 million in Savage X Fenty, the lingerie company co-founded by megastar and business mogul Rihanna.

Savage X Fenty also raised new investment from the Abu Dhabi Growth Fund, owned by the Abu Dhabi government.

Will Kanye West Surpass Jay-Z?

For the better part of hip-hop’s existence, it was solely considered a genre of music. We now recognize the larger cultural movement surrounding the New York-bred art form as a leading force driving growth in fashion, entertainment, food and beverage, and technology. As a result, the top 10 highest earners of 2019 on Forbes’ annual list of hip-hop’s richest account for a staggering $633,500,000 in combined earnings. And for the first time in his career, Kanye West ($150 million) has outpaced the rest of his competitors to take the top spot — leapfrogging JAY-Z by $69 million.

It was certainly a banner year for West, especially considering he claimed to be $56 million in debt just over three years ago. While earning the top spot is certainly noteworthy, his income jumped dramatically between 2018 and 2019, accounting for a net increase of $122,500,000. Although the entire industry had a great year — with the top 20 acts’ revenue increasing by 33 percent since 2018 — the huge financial increase poses an interesting question: with an album on the way, YEEZY accounting for $1.5 billion in annual sales, and a track record of exploring radical projects, will Kanye West be joining JAY-Z in the billionaire’s club?

Most Valuable NBA Franchise

The +New York Knicks has been named the most valuable NBA Franchise. Forbes released its annual list of richest NBA teams, and the Knicks come in first at $1.4 billion. New York is one of three teams in the league that are worth over a billion dollars, with the runners-up on the list being the Los Angeles Lakers ($1.35 billion) and Chicago Bulls ($1 billion). The top five of the list is rounded out by the Boston Celtics ($875 million) and Brooklyn Nets ($780 million).

A major part of the profitability of the Knicks and Lakers is their television revenue. In addition to being massively popular global brands, both teams essentially control their own television networks, the Knicks’ MSG and the Lakers’ Time Warner Cable SportsNet. Forbes reported that the Lakers have the richest local television agreement in the NBA, worth $3.6 billion over 20 years.

Coming in last on the list are the Milwaukee Bucks, worth an estimated $405 million, well below the league average of $634 million. The two-time defending NBA champions, the Miami Heat, are the seventh-most profitable team in the league at $770 million, and the team with the current best record in the league, the Indiana Pacers, come in at No. 22, with a $475 million total value.

Adidas Intends to Sell Yeezy Designs

 

In the wake of Adidas severing ties with Kanye West over his recent string of antisemitic remarks and other racially-charged comments, the sportswear company is planning to continue selling Yeezy designs and colorways without the name. 

Cat Makes $100 Million

How would you feel if you woke up and found out your cat had made $100 million dollars? You see, there’s something about miserable-looking cats that makes people feel uncontrolled emotions. So much so that the most famous Grumpy Cat of all was alleged this morning to have earned in the region of $100 million. Of course that’s not true, but stay with me for a while. Its owner isn’t poor.

The Express reported the figure. Grumpy’s owner, 28-year-old Tabatha Bundesen of Morristown, Ariz., was quoted as saying she’s overjoyed about Grumpy’s success.

The Express also quoted her as saying: “I was able to quit my job as a waitress within days of her first appearance on social media and the phone simply hasn’t stopped ringing since.” She described Grumpy ascent to stardom as “unstoppable.” And Grumpy’s still less than 3 years old. So the future is unlikely to be catastrophic.

It’s unclear, though, which part of Grumpy’s vast performance portfolio — the pictures, the personal appearances, the sponsorships and, well, the pictures — has earned her the most money.

Bundesen has told The Huffington Post that the $100 million figure is “wildly inaccurate.” The miserable-looking little thing is, though, something of a money-spinner.

Grumpy’s real name is Tardar Sauce. She looks the way she does because she has feline dwarfism, as well as an underbite.

She has more than 7 million likes on Facebook. Justin Bieber, however, has more than 72 million. She has more than 256,000 followers on Twitter. Bieber has more than 57 million. Forbes estimates that Bieber made around $80 million last year.

DMX or Jay-Z

DMX doubles down on wanting to go against JAY-Z in a Verzuz battle. “It's a celebration. We're celebrating music,” DMX said.

In the late '90s, Jay-Z and DMX were Def Jam's most successful stars. The friendly rivalry includes several rap battles between the legendary MCs, including their Backstage Freestyle match in 2000. In 1999, they also created the infamous supergroup Murder Inc, which starred both rappers and Ja Rule.

Before DMX and Jay Z became international rap titans, they competed in a classic hip-hop war. Their Bronx battle in the early '90s is the stuff of legends and it's also what sparked their ongoing beef, according to Irv Gotti.

Inside Beyoncé and Jay-Z’s $40 Million Private Jet

 

Jay-Z and Beyoncé are among the wealthiest and most famous couples in the world. They are also two of the only celebrities who have their own private jet. Here are all the details you want to know about the musical couple’s private plane.

In 2012, Beyoncé and Jay-Z joined the very short list of stars who own private jets. Other members of this elite club include Tom Cruise, John Travolta, Oprah Winfrey, and Kim Kardashian. 

Jay-Z Makes Major Investment In Beauty Brand

 

Jay Z is joining his wife in the fashion and beauty investor space. 

ESSENCE recently reported that Beyonce joined Rihanna and others as an investor in a French women’s apparel brand—now it has been reported that Jay-Z is backing premier beauty brand Madison Reed in an investment totaling $33 million, according to Bloomberg.