Add Magic Johnson to Billionaire’s Row. The NBA Hall of Famer and elite businessman has become the fourth athlete to become a billionaire, according to Forbes. Magic Johnson’s net worth is projected at $1.2 billion.
Magic’s net worth comprises his portfolio of sports team ownership, including the Los Angeles Dodgers, Los Angeles Sparks, and the Washington Commanders. According to TMZ, he also owns 60% of EquiTrust life insurance. Additional business moves involve a Starbucks partnership and a PepsiCo bottling plant outside of D.C.
The other billionaire athletes are LeBron James, Michael Jordan, and Tiger Woods.
JAY-Z says that he once refused to lend a cousin $4,800 and vented about how the interaction made him uncomfortable. The legendary rapper, who is worth approximately $2.5 billion, explained his side of the situation while speaking with Kevin Hart on his talk show, Hart to Heart, in a clip that has resurfaced on social media.
JAY-Z went on to say that he was frustrated when his cousin remarked that he didn’t “believe in their dream.” The cousin also suggested it would return Jay a profit of $2 million. The comments have been dividing fans on social media, with many suggesting it was a selfish move by Hov.
JAY-Z & Kevin Hart At Roc Nation’s Pre-Grammy Brunch
BEVERLY HILLS, CA – JANUARY 25: (Exclusive Coverage) Kevin Hart and Jay-Z attend the Roc Nation Pre-GRAMMY Brunch presented by MAC Viva Glam at Private Residence on January 25, 2014 in Beverly Hills, California. (Photo by Kevin Mazur/Getty Images)
One user on Twitter wrote: “Jay Z has 2.5 billion dollars, his cousin asked for 4800 and he said no. To put that into perspective, that’d be the equivalent of someone who made 50,000 a year being asked to give a dime.” Another defended him: “The problem is once you say yes that first time, they always think they can come back to you for more. And it also makes the people around them feel more comfortable asking as well. They become dependent and it’s a very slippery slope.” Check out JAY-Z’s explanation of the situation below.
JAY-Z On His Family Asking For Money
Elsewhere in the interview with Kevin Hart, Jay discussed his eventual plans for retirement, not accepting money for features, and more. Jay and Hart have been friends for years at this point. The comedian recently hosted at JAY-Z, Meek Mill, and Michael Rubin’s casino night event for the Reform Alliance. The star-studded evening welcomed Tom Brady, Kim Kardashian, and many more celebrities who helped raise $24 million for criminal justice reform.
During a recent interview, Diddy gave his thoughts on what he thinks the next generation of hip-hop moguls will look like. Of course, considering his extensive business portfolio and profile in both realms, few are as qualified, experienced, and successful when it comes to their predictions. Moreover, it also comes as no surprise that the Bad Boy head honcho would compare a billionaire-to-be with one of the most adorned media figures ever. Furthermore, he compared Yung Miami to Oprah, and said that she’ll one day match her status in her own lane and become a rap billionaire. Clearly, Sean Combs has a lot of faith and support for his on-and-off-again flame.
“Nipsey Hussle, to me, was that young Puff version,” Diddy remarked of a question about which rising stars could become business titans like him one day. “But one person that I can say right now is Travis Scott. I can relate to how he’s diversifying his portfolio and really understanding how to take it to the next level.” Then, he evoked Oprah while describing the City Girl, speaking specifically on their various media outlets.
“I also think Yung Miami [real name Caresha Brownlee] from the City Girls,” Diddy continued. “She reminds me of Oprah with the endless possibilities that she has as far as her clothing line, television shows, performances, live podcasts. I really respect both of their hustles and see them being able to break through.” Of course, this isn’t a bad prediction to make at all, considering the success of the Caresha Please podcast and the Florida native’s other business endeavors. In fact, this is a timely comparison to make, as she recently (and hilariously) revealed what NSFW question she would ask Oprah.
Meanwhile, the next class of rap billionaires might look very different, but that’s the exciting nature of conversations like these. It seems like there are more people than ever poised to claim a spot, as the genre continues to grow and expand its reach. Who do you think will be the next Jay-Z? Let us know in the comments and stick around on HNHH for the latest updates on Diddy, Yung Miami, and Oprah.
Cardi B and Candace Owens might as well throw diss tracks at each other based on how much they’ve beefed. Moreover, for those unaware, the conservative commentator was displeased with the Bronx rapper’s support of Bernie Sanders, challenging her to a debate. Since then, the two traded shots on social media, becoming one of Cardi’s most high-profile political side quests. Of course, this caused a lot of conversation around whether rappers and celebrities like the 30-year-old should even enter the political realm in the first place. However, they appear to share a viewpoint in common, which Owens celebrated but the hitmaker dismissed.
Furthermore, it has to do with the submarine lost at sea, which houses a few billionaires among its patrons that traveled to explore the wreckage of the Titanic. After the stepson of one of these missing persons went to a blink-182 concert and replied to an OnlyFans creator, Cardi B said that this was insensitive and ridiculous posturing amid his family’s crisis. “We all know this day would come,” Candace Owens tweeted in response to her takedown. “Finally, I agree with @iamcardib and everything she said about the submarine stepson from hell.” But the “Put It On The Floor Again” MC isn’t letting bygones be bygones.
She probably thought that she would only beef with the stepson on this matter, but now Owens is in the ring. In response to her praise of her words, Cardi B replied with a GIF of a kangaroo munching, looking doubtful, resentful, or however else you want to interpret it. Clearly, a simple agreement isn’t enough to resolve their issues. Regarding the concert-goer, he claimed to have very little money, that the OnlyFans model is a friend of his and was just being cheeky, and that he went to the blink-182 show to cope.
Meanwhile, all this celebrity debacle is under tragic context, as oxygen on the lost submarine is presumed to have run out by this point. As such, hopefully people can stop making light of these situations and let these families process in peace. As for the future, we’re sure that this won’t be the last time that Cardi B and Candace Owens clash. For the latest news and updates on these opponents, stay up to date on HNHH.
Two rich and indignant users just went back and forth on Twitter, although their wealth came from considerably different circumstances. For those unaware, an OceanGate Expeditions submarine went missing on a trip to the Titanic remnants, and happens to house a few billionaires in addition to every other person on board whose families are worried sick right now. However, Cardi B thought that one family member of billionaire Hamish Harding isn’t taking this too hard- and felt disgusted by it. Moreover, she blasted stepson Brian Szasz for going to a Blink-182 concert, and he responded by accusing her of clout-chasing off of their family’s hard times. Also, he said he went to the show to cope and said she had a trash music career that’s desperate for attention.
In her response to Szasz’s shade on Twitter (who since deleted his account), Cardi B didn’t hold back. “The point was the whole world is praying for these people in the submarine,” the 30-year-old wrote. “This man son is online shaking d***s for girls off onlyfans and going to Blink 182 concerts. You was looking for clout all along, nobody knew who you were until you said that was ya stepdad!!! This is why people hate you spoiled brat billionaires yall soo desensitize.”
The point was the whole world is praying for these people in the submarine and this man son is online shaking dicks for girls off onlyfans and going to Blink 182 concerts. You was looking for clout all along, nobody knew who you were until you said that was ya stepdad!!! This is… https://t.co/FQ8pfR55Ob
Furthermore, in her initial takedown, the Bronx hitmaker emphasized how she thinks people should react in these situations. At the end of the day, it’s just her (very passionate and uncompromising) take. “People was like, ‘Well, what is he supposed to do?” she expressed. “‘Be sad at the house? Is he supposed to go look for him?’ Yes. You’re supposed to be at the house, sad. You are supposed to be crying for me. You’re supposed to be right next to the phone, waiting to hear any updates about me. […] Like, isn’t it sad that you a whole f***in’ billionaire and nobody gives a f**k about you? Like, you missing and motherf***ers is ready to shake d**ks at concert. That’s cr*zy. I’d rather be broke. I’d rather be broke and poor, but knowing that I’m loved.”
Meanwhile, she also shared a hilarious response to Candace Owens saying that she “finally” agrees with the “Put It On Da Floor Again” MC. Moreover, she posted a GIF of a kangaroo looking quite skeptical or judgmental. Regardless, what do you think of this whole debacle? Let us know in the comments, come back to HNHH for the latest on Cardi B, and prayers up for the lost submarine’s patrons.
Robyn Rihanna Fenty, known globally as Rihanna, has skyrocketed to billionaire status, but what is her full net worth in 2023? From her early beginnings in Barbados to her current position as a global icon, Rihanna has built an empire that extends far beyond her music career. In this article, we’ll delve into how Rihanna achieved her massive net worth, focusing on her successful music, fashion, and beauty ventures.
Rihanna Net Worth
With an estimated net worth of $1.7 billion as of 2023, according to Celebrity Net Worth, Rihanna has tremendous wealth.
Chart-Topping Music Career
LONDON, ENGLAND – NOVEMBER 19: Singer Rihanna performs live on stage as part of her 777 tour at The Forum on November 19, 2012 in London, England. (Photo by Simone Joyner/WireImage)
Rihanna’s journey to fame began in 2005 when she was discovered by music producer Evan Rogers, leading to her signing with Def Jam Recordings. Over the years, Rihanna has released eight studio albums, with hits like “Umbrella,” “Diamonds,” and “Work” topping the charts worldwide. Her music career has earned her numerous awards, including nine Grammys and 14 Billboard Music Awards.
Although her music career is the foundation of her wealth, it only makes up a fraction of her overall net worth. Rihanna’s true financial success has come from her various business ventures, which have established her as an influential entrepreneur.
Fenty Beauty: A Revolution In The Cosmetics Industry
BROOKLYN, NY – SEPTEMBER 14: Rihanna attends Fenty Beauty’s 1-year anniversary at Sephora inside JCPenney on September 14, 2018 in Brooklyn, New York. (Photo by Kevin Mazur/Getty Images for Fenty Beauty)
In 2017, Rihanna launched her cosmetics brand, Fenty Beauty, in partnership with luxury goods conglomerate LVMH. Fenty Beauty has been a game-changer in the beauty industry, emphasizing inclusivity by offering various shades to cater to diverse skin tones. Further, the brand’s success has been monumental, with its reported revenue exceeding $550 million in its first year.
Rihanna’s net worth has grown exponentially due to Fenty Beauty’s success. The brand has been valued at over $3 billion, with Rihanna owning a 15 percent stake in the company, equating to approximately $450 million of her net worth.
Luxury Fashion With Fenty Maison
NEW YORK, NEW YORK – FEBRUARY 07: Robyn Rihanna Fenty and Linda Fargo celebrate the launch of FENTY at Bergdorf Goodman at Bergdorf Goodman on February 07, 2020 in New York City. (Photo by Dimitrios Kambouris/Getty Images for Bergdorf Goodman)
Building on her success in the beauty industry, she also launched Fenty Maison in 2019, a luxury fashion brand under the LVMH umbrella. The brand further cemented Rihanna’s status as a fashion mogul, becoming the first Black woman to lead a luxury fashion house under LVMH. Although Fenty Maison is still relatively new, its impact on Rihanna’s net worth is significant and growing.
Savage x Fenty: Lingerie For All
LOS ANGELES, CA – JUNE 28: Recording artist Rihanna attends the 2015 BET Awards at the Microsoft Theater on June 28, 2015 in Los Angeles, California. (Photo by Christopher Polk/BET/Getty Images for BET)
Another major contributor to Rihanna’s net worth is her lingerie brand, Savage x Fenty. Launched in 2018, the brand has become a disruptor in the lingerie industry. It promotes body positivity and inclusivity by offering a diverse range of sizes and styles. With multiple funding rounds, including a $115 million investment in 2021, the brand’s valuation has soared, increasing her overall net worth.
LOS ANGELES, CA – FEBRUARY 13: Singer Rihanna performs onstage during the 2016 MusiCares Person of the Year honoring Lionel Richie at the Los Angeles Convention Center on February 13, 2016 in Los Angeles, California. (Photo by Christopher Polk/Getty Images for NARAS)
Rihanna’s wealth also allows her to be an active philanthropist. She founded the Clara Lionel Foundation in 2012, named after her grandparents. This foundation also supports education and healthcare initiatives worldwide. Additionally, she has donated millions to various charitable causes. This includes COVID-19 relief efforts to help those in need during the pandemic.
Conclusion/TLDR
With her ever-growing net worth, Rihanna continues to break barriers and redefine what it means to be a global superstar. Rihanna’s financial success is remarkable, from her chart-topping music career to her successful business ventures. As her wealth grows, we can further expect to see more groundbreaking projects. Additionally, we expect her philanthropic efforts to only increase in the coming years.
50 Cent is one of the most legendary artists in hip-hop. Although he may not make music anymore, he is certainly keeping busy with a variety of different projects. Whether it be his television empire or his various alcohol brands, Fif is accomplishing a lot. Back in 2015, he had to file for bankruptcy, however, he has been able to recover and get his business straight. Now, it feels like the artist is absolutely unstoppable. No matter what he sets out to do, he ends up smashing the expectations.
That said, 50 Cent is not on the same level as artists like Jay-Z when it comes to pure net worth. This makes a whole lot of sense when you consider where he was about 10 years ago. However, he doesn’t really care about his net worth. In fact, in his mind, all of this is simply a mentality. While sitting down for an episode of The Enthusiast Podcast, the artist and businessman made the case for why he has been a billionaire since 2007. Essentially, it all comes down to the fact that he can have anything he wants. Moreover, he is able to get people paid, which means a lot to him.
50 Cent Speaks
“So when they financially say, ‘Oh you’re a billionaire, this person is a billionaire’, it’s like, ‘I’ve been a billionaire since 2007. I’m that far from where I came from that I’ve been a billionaire financially because everybody around me is being paid,” the artist explained. “Resources that I compensate for people to be there and I really don’t see things that I want that I can’t go get it.” These are some interesting comments that speak to 50 Cent and his optimism. While some may disagree, it’s clear he stands on what he believes.
In the future, it is going to be interesting to see what 50 Cent does next. There are plenty of avenues he can go down to expand his wealth and his empire. Only time will tell just how big that empire ultimately becomes. Let us know your thoughts on what 50 Cent said, in the comments below. Additionally, stay tuned to HNHH for the latest news from around the music world.
Elon Musk has certainly been all over the news in recent months. It appears as though this trend will be continuing into the new year.
His recent acquisition of Twitter and his controversial ways of handling the company remains one of the most discussed topics online. The latest story says that the 51-year-old reportedly lost $200 billion. However, this has nothing to do with the social media platform.
Tesla CEO Elon Musk looks up as he addresses guests at the Offshore Northern Seas 2022 (ONS) meeting in Stavanger, Norway on August 29, 2022. (Photo by CARINA JOHANSEN/NTB/AFP via Getty Images)
Musk is the first person in history to lose this much money from his net worth. The huge financial loss arrives at the heels of Tesla shares dropping drastically. According to Bloomberg‘s Billionaires Index, the stock saw an 11% decrease on Tuesday (December 27).
Of course, this news comes nearly two years after he became only the second person to ever reach a personal fortune of more than $200 billion. Although, even after the loss, his net worth is still estimated to be a whopping $137 billion.
Elon Musk has become the first person ever to lose $200 billion, per Bloomberg.
In other recent news surrounding the SpaceX CEO, reports allege that he is responsible for another mass firing at Twitter. In an effort to cut costs, Musk fired every member of the janitorial staff at the company’s San Fransisco offices.
“With people packed into more confined spaces, the smell of leftover takeout food and body odor has lingered on the floors, according to four current and former employees. Bathrooms have grown dirty, these people said. And because janitorial services have largely been ended, some workers have resorted to bringing their own rolls of toilet paper from home,” writes The New York Times in their report.
Just a couple of weeks ago, he announced he will be stepping down as Twitter’s CEO in the near future. This came after he ran a poll asking the platform’s users if he should do so. “I will abide by the results of this poll,” he writes. After over 17 million votes, 57.5% of them answered yes. It will certainly be interesting to see if he sticks to his word.
Should I step down as head of Twitter? I will abide by the results of this poll.
