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Kanye West officially becomes a billionaire

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Kanye West

Kanye West has officially become a Billionaire, making him the second American rapper to reach that status after Jay-Z.

According to Forbes, ’Ye’s Yeezy brand, which he owns in its’ entirety and falls under the Adidas umbrella, helped push him over the $1 billion mark.

The publication said they dissected the Chicago rapper’s success with Yeezy, while also sharing how they tabulated Kanye’s net worth.

Nonetheless, a decent portion of Kanye’s net worth can be attributed to his royalty agreement with Adidas.

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West receives a royalty around 15% of Yeezy revenue from Adidas.

Upon closer inspection, it appears some expenses are carved out of that slice, bringing his actual cut closer to 11 per cent.

At that rate, he would have received royalties of over $140 million from Yeezy sales last year, the report says.

Kanye West’s team provided a statement of the rapper’s assets, which were listed as $17 million in cash, $35 million in stocks, $81 million in “buildings and improvements,” $21 million in land, as well as his G.O.O.D. label and publishing rights, which is said to be worth at least $90 million.

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There were also a sizable deduction for $100 million worth of debts, which included mortgages and advances.

Forbes also noted that they gave Kanye’s net worth a;

“50 percent haircut” due to the illiquidity of his assets and the “the lack of independent backup.”

The team also deducted $100 million for debts, which included mortgages and advances, putting Kanye’s estimated net worth at $1.3 billion.

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But Kanye reportedly disagreed with Forbes. “It’s not a billion,” he allegedly texted the reporters Thursday night. “It’s $3.3 billion since no one at Forbes knows how to count.”

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Rita Edochie gives out daughter’s hand in marriage (Photos)

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Veteran actress Rita Edochie has given out her daughter’s hand in marriage.

Rita Edochie in a post via Instagram has revealed that Amanda Maria Edochie, her second daughter exchanged the marital vows with her lover on 11th of July, 2020.

 

See her Instagram post below;

Sharing a collage of photos from the occasion, Rita wrote

“My GREAT people in the WORLD, i thank you so much for your prayers.
The WEDDING MY SECOND DAUGHTER AMANDA MARIA EDOCHIE WAS SUCCESSFUL AND AWESOME” 

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Ruth Kadiri reacts to African men ridiculing Will Smith over his wife, Jada Pinkett’s affair

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Nollywood actress, Ruth Kadiri has reacted to African men who have ridiculed Will Smith for the way he handled his wife, Jada Pinkett’s affair with, August Alsina.

Jada Pinkett Smith appeared on her own Facebook Watch show Red Table Talk to confirm relationship with August Alsina while she and Will Smith were going through a separation four and a half years ago.

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Joined by her husband at the table, Pinkett Smith said their marriage was “struggling” when she initially started a “friendship” with August Alsina over four years ago.

The revelation led to mixed reactions online, with quite a number of it being negative.

Speaking on those who ridiculed Will Smith for how he handled the situation, Ruth Kadiri said she has realized most of those who have a problem with Will forgiving Jada are African men.

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She also said that the women wish deep down that they had a man like Will who will forgive them, adding that forgiveness is a two-way street.

“Have you noticed that its mostly African men who ridiculed Will Smith for forgiving his wife’s situation. To the women who laugh at Will and her situation, you know you wish you had a man who got you like that, but you don’t and shit hurts,” she wrote.

“Forgiveness should be both ways. #respect, love, and forgiveness should be reciprocal. If you think otherwise go and lick Tomtom. (Nobodyshouldstressme),” she added.

 

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See her post below;

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Tiwa Savage mourns Nicole Thea as she shares video of their last dance together

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Nigerian singer Tiwa Savage has taken to social media to mourn the death of popular Ghanaian dancer and Youtuber, Nicole Thea.

Tiwa who was shocked at the early demise of the 24-year-old dancer released a picture and video of her beautiful dance moves which was shared across social media.

According to an official statement made by her boyfriend, Nicole died while she was carrying an 8-month-old pregnancy.

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Her death has become an absolute shock to the world as it sounds unbelievable to netizens.

Mourning the dancer, Tiwa shared a moment between her and Nicole dancing at one of her biggest events a while back.

Watch the video below:

 

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