Billionaire
Alex Ferguson teams up with Marcus Rashford after making poverty pledge
Agence France-Presse Former Manchester United manager Alex Ferguson has teamed up with Marcus Rashford to tackle child food poverty. United striker Rashford was awarded an MBE following his recent campaign which saw the government change their minds on providing free school meals for children during holidays. Now the 23-year-old has said Ferguson is set to pledge up to £2 million ($2.6 million) towards the FareShare charity for which Rashford is an ambassador. An appeal in the Times is aiming to raise funds and Rashford revealed Ferguson, alongside billionaire Michael Moritz, will match donations up to the aforementioned sum and described the news as “incredible”. Ferguson, 78, grew up in Glasgow in tough conditions and believes Rashford has done a great job in highlighting the plight faci...
Rollercoaster: Bitcoiners who missed rally feel relief and regret
Arianna O’Dell, a 30-year-old entrepreneur and songwriter based in New York City, had a tumultuous four-year journey in cryptocurrency before selling her investments in February. During her rollercoaster ride, bitcoin prices swung from less than $1,000 to nearly $20,000. O’Dell may not have made optimal decisions about when to buy or sell, and missed out on the recent rally – but said she does not regret that. Investing $2,705 worth of proceeds into her business was better than enduring the stress of daily fluctuations, even though the price has since doubled, she said. “Honestly, I’ve had more luck in Vegas than I’ve had with cryptocurrencies,” O’Dell said in an interview. She is part of a relatively new class of retail investors who joined the cryptocurrency market years ago, helping pro...
Aww Damn: Black Billionaire Who Promised To Pay Tuition Debt of Morehouse Students Admits To Tax Fraud
Source: Paras Griffin / Getty Robert Smith, the Black billionaire who promised to pay the student loan debt of Morehouse College graduates in 2019, is in deep trouble with the Internal Revenue Service. According to the Department of Justice, Smith used third party accounts to conceal his income and commit tax evasion from 2000 to 2015. The DOJ stated that Smith, who is the CEO of Vista Equity Partners, intentionally did not report over $200 million of partnership income. The shocking revelation came after Smith, who is a billionaire and the richest Black man in America, recently entered into a non-prosecution agreement (NPA) with the Department of Justice and the Internal Revenue Service, agreeing to cooperate with federal investigators and pay nearly $140 million in taxes and penalties. T...
Temi Otedola makes acting debut
Temi Otedola, daughter of billionaire businessman, Femi Otedola, says she’s excited about her acting debut in an emotional movie ’Citation’. Newsmen report that the star- studded movie, which happened to be a teaser of Otedola’s first feature movie, was directed by Kunle Afolayan. Temi played a role in a character as Moremi Oluwa in the movie ‘Citation’ which also featured prominent artistes. Temi, who said she was so excited and overfilled with gratitude over her first debut, took to her Instagram page @temiotedola to make the announcement to her fans. “I can’t believe this day is here. I can officially share the first teaser for #CitationTheMovie… “This day is an emotional one for so many reasons. As many of you already know Citation is my debut feature film, and is directed by the legen...
Arthur Eze slams Senator Ngige as accidental minister
The media directorate of Anambra billionaire industrialist, Prince Arthur Eze has released a statement slamming the Minister of Labour and Productivity, Dr Chris Ngige, as an ‘accidental’ minister. The statement, a response to the call by the Minister of Labour and Productivity, Dr Chris Ngige for the further banishment of the suspended 12 Anambra traditional rulers and their sponsor. The crisis began with the visit of 12 monarchs from Anambra State to Aso Villa to meet with President Buhari, at the instance of the billionaire businessman Prince Arthur Eze. The traditional rulers who embarked on the trip to Abuja, to thank President Buhari for his developmental strides in the Southeast, did so without approval from the Anambra State government. The monarchs after failing to meet with Presi...
Premier League terminate £490 million TV deal in China
The Premier League has terminated its TV rights deal with China, its biggest overseas contract, leaving a huge hole in clubs’ finances. The deal with Chinese broadcaster PPTV was worth around £490m and had lasted only one of its three years. The conflict is said to have been around a fee of £160m that the Premier League was owed in March but did not receive. “The Premier League confirms that it has today terminated its agreements for Premier League coverage in China with its licensee in that territory,” a spokesman said on Thursday. “The Premier League will not be commenting further on the matter at this stage.” It is not known if the conflict is based purely on money or involves the escalating political tensions between China and the UK government. Boris Johnson announced in July that Hua...
Billionaire Business: Tyler Perry’s Fortune Estimated At $1B
Source: WENN/Avalon / WENN Tyler Perry and his rise to fame is a modern-day rags to riches story for the ages, and he’s given back countless times over to other Black creators such as himself. It was announced this week that Perry’s fortune was estimated at $1 billion, making him one of the most powerful men in show business. In a profile from Forbes, Perry, who turns 51 later this month, invited the publication on the set of his sprawling Tyler Perry Studios set as he directed an episode of the BET series, Sistas this past July in Atlanta. The publication mentions that Perry has earned around $1.4 billion in pretax income since 2005 and has leveraged his savvy to secure a high-profile deal with ViacomCBS that earns him $150 million annually for content development and a stake in the new B...
Forbes Claims Kylie Jenner Lied About Being a Billionaire
Let’s get one thing right: All the Kardashian-Jenners are filthy rich, having perfected the art of gaining wealth for being famous and attractive. But according to a new report by Forbes, Kylie Jenner isn’t quite as loaded as she led people to believe. After investigating the January sale of Kylie Cosmetics to Coty, Forbes has stripped Jenner of her billionaire status, claiming she lied about her financials. In March of last year, Forbes officially proclaimed Kylie Jenner the youngest self-made billionaire ever. However, the publication now says they believe Jenner faked tax returns to demonstrate she was worth more than she actually was. (Note that there’s no claim she filed false taxes, just that she showed reporters doctored documents.) Add in the dip some of her beauty company sto...
Nigeria drags Kase Lawal to court over $35 million debt
Nigeria has sued an oil exploration production company, ALLIED ENERGY PLC, owned by Texas-based billionaire Kase Luqmon Lawal to demand $35.7 million debt. The suit was filed at a Federal high Court in Lagos by the oil minister, which is President Muhammadu Buhari. The amount in question was for royalty on oil and gas production, concession rental and gas flaring penalty. In a statement of claim, assistant director, planning Division of the Department of petroleum resources Efe Bassey, alleged that Allied Energy PLC in receivership, in the course of it’s mainstream business, applied for and was granted an oil mining lease number 120(OML120) and oil mining lease number 121(OML121) for the exploration and production of petroleum oil and gas assets. Upon the grant of the aforesaid OMLS by min...
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