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”.
Spotify yesterday revealed a significant surge in heartbreak song streams in Nigeria during the Valentine’s Day season, with a 626 percent increase between 2022 and 2024.
This was disclosed in a statement issued in Lagos, Nigeria by Spotify’s Head of Music, Sub-Saharan Africa Phiona Okumu.
Okumu said, “Spotify data reveals a surprising trend, a massive surge in heartbreak song streams.
“Nigerians are turning to their playlists to express their emotions, with a staggering 626 per cent overall growth in heartbreak streams from 2022 to 2024.
“This Valentine, the sound of love is accompanied by the sound of heartbreak, and the data shows it’s louder than ever before.”
She said on Valentine’s Day, most surprisingly, male listeners streamed heartbreak songs at a significantly higher rate than female listeners, with a 362 per cent increase compared to 169 per cent among women.
“This could suggest that men resonate with the feeling of heartbreak more and turn to music as a private outlet for processing emotions.
“Whatever the reason, one thing is clear, when love is in the air, so is heartbreak and Nigerian men are pressing play on their pain more than expected.
“While Valentine’s Day is often celebrated with grand gestures, heartbreak is a common theme on Valentine’s Day -more than what’s publicly shown,” she said.
Nigerians will join their counterparts across the world to mark the 2025 Valentine’s today.
Grammy-winning Nigerian singer Temilade Openiyi, popularly known as Tems, has joined MLS side San Diego FC’s ownership group as a club partner.
SDFC announced today that Tems joined the ownership group through her company, The Leading Vibe.
In the process, Tems became the first African woman to be involved in MLS ownership.
“We are delighted that Tems has joined San Diego FC as a club partner,” SDFC chairman Sir Mohamed Mansour said in a statement.
“Tems is a globally significant artist who will help us reach new audiences and spread the word about our unique project, which, of course, has its foundations in sub-Saharan Africa through the unique Right to Dream organisation.”
Reacting to her addition as the latest partner in SDFC’s ownership group, the singer said: “I am thrilled to join San Diego FC’s ownership group and to be part of a club that celebrates creativity, culture, and the power of community.
“Football has a unique way of bringing people together, and I am excited to help build something special in San Diego, a city that thrives on diversity and innovation.”
Fashion and beauty entrepreneur, Toyin Lawani, has claimed she is enduring back pain and that her spine is degenerating.
Lawani revealed this in a video posted on social media last Tuesday.
In the clip, she opened up about her experience with epidural anesthesia, an injection administered to pregnant women in the spine to reduce pain during childbirth.
The mother of three claimed that since receiving the injection, she has not felt like herself.
She accused doctors of not fully informing women about the long-term side effects of epidurals.
According to Lawani, she received the anesthetic injection during the birth of her last two children.
She said, “When you hear ‘epidural,’ run. Doctors tell you about the side effects but do not tell you about the long-term effects on your body. I have about three friends having the same issues that I am having.
“Like, I am just 42, how did I end up with spine issues? I have a degenerating spine. I have implants in my spine. I go paralyzed. I can’t stand for a long time. I can’t even breathe properly sometimes because it affected so many things in my body when I had the surgery.
“They will not tell you because you just want the pain to go away. I have had two epidurals. I had my first as natural birth. The last two were epidural. The last one I had epidural because I had to undergo a surgery and I had no choice.
“See, the pain does not stop. My back is killing me and my spine is degenerating.”