Entertainment

Kim Kardashian Is Officially A Billionaire

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According to Forbes, reality TV star Kim Kardashian is officially a billionaire and it is her first time making the list. The financial magazine shared that the reality star’s net worth moved up from $780 million in October 2020 to $1billion all thanks to her business ventures SKIMS and KKW Beauty.

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It explained that cash from “Keeping Up With the Kardashians” and endorsement deals also added to the figure. Last year she sold 20% of KKW Beauty to cosmetics conglomerate, Coty, for $200 million, a deal that valued the company at $1 billion. Skims, the shapewear line Kardashian West launched in 2020. She raised money from fashion insiders like Net-a-Porter’s Natalie Massane and Theory’s Andrew Rosen and capitalized on her massive social media following to shill the brand.

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Kim owns a majority stake in closely-held Skims, which hasn’t disclosed its revenues. A source familiar with Skims told Forbes about a transaction that values the shapewear company north of $500 million. As a result, Forbes estimates her Skims stake is worth a conservative $225 million, enough to lift her fortune to $1 billion.
Read also: Kim Kardashian Flaunts Her Physique As She Wows In Skimpy Bikini In Holiday Throwback Image Amid Kanye West Divorce

Kim Kardashian’s fortune sits in cash and investments, including real estate, she gets paychecks from Keeping Up With the Kardashians, endorsement deals, and endeavors like the aforementioned mobile game and her now-defunct Kimoji app. She’s also got three properties in Calabasas, northwest of Los Angeles, and a portfolio of blue-chip investments, including shares of Disney, Amazon, Netflix, and Adidas that her soon-to-be ex-husband Kanye West gifted her for Christmas in 2017.
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Photo Credit: Getty

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AFRIMA President speaks on fostering collaboration within African music community as BridgeAfric launches in Malawi |

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The President/Executive Producer, All Africa Music Awards, AFRIMA, Mike Dada, would be sharing his thought at the BridgeAfric’s Southern Africa launch in Malawi on March 23, 2024.

It is in continuation of promoting and showcasing African artistes, providing them with platforms to reach a global audience beyond their home countries,

BridgeAfric is a revolutionary initiative aimed at connecting African artistes and industry professionals across the continent led by the dynamic Victoria Nkong.

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With the theme; importance of fostering collaboration within the African music community, Dada would be speaking on the significance of working together in promoting African music on a global scale.

In his statement, the AFRIMA President noted that there are potential for growth and success that come from uniting artistes, producers, and other stakeholders in the industry.

Dada, who lauded BridgAfric for its efforts in connecting Malawians artistes with industry professionals, helping them to build their careers and reach a wider audience, said he is committed to supporting initiatives like BridgAfric that empower African artists and promote the rich diversity of African music. He believes that by working together, they can create a more vibrant and inclusive music industry that celebrates the talent and creativity of artists from across the continent.

“This is very significant for the growth, development and promotion of the arts and music industry in Africa, especially when you look at it from the point of view of collaborations, the Malawi music industry and connecting to the center of the journey of the ongoing movements and the development of the African industry to the global audience,” Dada submitted.

Entertainment

South African billionaire commits suicide

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A South African billionaire, Markus Jooste has committed suicide as he was found dead with a gunshot wound near Cape Town.

It was reported that the billionaire shot himself in the head while taking a walk just few minutes from his Stellenbosch home.

The former Steinhoff CEO had been involved in an accounting fraud scandal as he got a hefty fine on Wednesday.

Police are investigating, stating that no foul play is suspected.

“It is alleged that the victim sustained a gunshot wound at around 1520 (local time) at Kwaaiwater and succumbed to death on his way to hospital,” Western Cape police spokesperson Colonel Andre Traut said in a statement.

Jooste’s death comes after a fine from the Financial Sector Conduct Authority for false financial statements linked to Steinhoff’s near-collapse in 2017 due to accounting irregularities.

Entertainment

El-Rufai Speaks On Dumping APC For SDP

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A former Governor of Kaduna State, Nasir El-Rufai, has denied rumours of his planned defection of the All Progressives Congress (APC) to the Social Democratic Party (SDP).

El-Rufai made an unexpected appearance at the SDP National Secretariat in Abuja on Wednesday.

The National Chairman of the SDP, Shehu Musa Gabam, and other chieftains of the party received the former Kaduna governor.

Reacting in a statement on Thursday issued by his spokesman, Muyiwa Adekeye, El-Rufai said he only visited the SDP headquarters to return a visit to the party’s chairman.

The former Minister said Gabam was among his friends who took part in the break of the Ramadan fast (Iftar) at his house in Abuja on Tuesday.

El-Rufai said he is known for being open and forthright, adding that his political decisions would not be subjected to speculation.