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Rihanna becomes America’s youngest self-made billionaire, worth $1.4 billion

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Rihanna becomes America’s youngest self-made billionaire, worth $1.4 billion

Eunice Oluwafunmilayo

Barbadian singer, Robyn Rihanna Fenty, better known as Rihanna with a net worth of $1.4 billion, has become the nation’s youngest self-made billionaire.

For the third year running, the 34-year-old singer and CEO of Fenty Beauty was included on Forbes’ annual list of the richest self-made women in America.

She came in at number 21 overall and is the only billionaire under 40 on the list. Rihanna has a $1.4 billion net worth, some of which comes from her lucrative music career.

Her three retail businesses, Fenty Beauty, Fenty Skin, and Savage X Fenty, account for the most of it.

According to a March Bloomberg article, Savage X Fenty underwear was collaborating with consultants on a potential $3 billion initial public offering (IPO). That business is 30% owned by Rihanna.

READ ALSO: Nigerian celebrities graced Rihanna’s skincare launch in Lagos

She also owns 50 percent of the $550 million in revenue 2020 brand Fenty Beauty. The French luxury fashion behemoth LVMH (Mot Hennessy Louis Vuitton) owns the remaining fifty percent of the business.

The figures are amazing, but Rihanna has stated that honors and rankings are not what she is concerned with.

She told The New York Times in 2019: “T Magazine that because she never planned on making a fortune, reaching financial milestones was “not going to stop me from working.”

The nine-time Grammy Award winner also stated that she wants to donate the money to worthwhile causes.

“My money is not for me; it’s always the thought that I can help someone else,” she said. “The world can really make you believe that the wrong things are priority, and it makes you really miss the core of life, what it means to be alive.”

Rihanna established the Clara Lionel Foundation (CLF), a charitable organization in 2012, It aims to “support and fund groundbreaking education and climate resilience initiatives.”

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2Baba Disowns Divorce Announcement, Says Account Was Hacked

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2Face finally react to Wife's Apology on Social Media

Nigerian music icon Innocent Idibia, widely known as 2Baba, has debunked a viral announcement about his alleged separation from his wife, actress Annie Macaulay-Idibia.

The now-deleted post, which appeared on his Instagram account, claimed the couple was parting ways, sparking widespread speculation among fans and the entertainment community.

RELATED NEWS: Shock As 2Baba Announces Separation From Wife, Annie Idibia

In a swift response, the legendary singer clarified the situation on Sunday through a new statement shared on his Instagram page.

He assured his followers that the earlier post did not originate from him, explaining that his account had been compromised.

“My Instagram account has been hacked, efforts are being carried out to take back control #onelove!” 2Baba wrote, urging fans to disregard the false information.

2Baba and Annie, who tied the knot in 2012, have two children together and are celebrated as one of the most enduring power couples in the Nigerian entertainment industry.

Despite occasional rumors, the duo has often shared glimpses of their strong bond, silencing critics and admirers alike.

 

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Shock As 2Baba Announces Separation From Wife, Annie Idibia

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2Baba's Foundation 'Vote Not Fight' Campaign Collaborates With NDLEA

Nigerian music icon Innocent Idibia, widely known as 2Baba, has announced that he and his wife, actress Annie Macaulay-Idibia, have been separated for some time and are now in the process of filing for divorce.

The singer broke the news in a statement shared on his Instagram page on Sunday.

While addressing his fans, 2Baba expressed his intention to release a formal statement soon to clarify his side of the story.

READ MORE: Cubana Chief Priest Breaks Silence On Paternity Drama, Says His Marriage Is Untouched

He wrote “Hello to my beautiful people of all federations. Well, this thing I have to say is short but also long. I and Annie Macaulay have been separated for a while now and currently filed divorce.

“I would grant a press release soon to say my story—not because it is anyone’s right to know about my personal life, but because I love my people, and I need them to know my innocence or offense. Stay blessed my people. I love you all.” he added

 

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Cubana Chief Priest Breaks Silence On Paternity Drama, Says His Marriage Is Untouched

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We are buying Twitter from Elon musk, says Cubana Chief Priest

Nigerian socialite and businessman, Pascal Okechukwu, popularly known as Cubana Chief Priest, has refuted allegations of fathering a child with a Kenyan woman named Helen.

The socialite, during an interview on Channels Television’s Rubbin’ Minds on Sunday, described the claims as a calculated attempt to disrupt his marriage.

Helen has publicly accused Chief Priest of abandoning her after she gave birth to a son she claims is his.

READ MORE: Lawmaker Introduces Bill To Allow Trump A Third Presidential Run

However, the businessman has repeatedly denied the allegations, asserting that he has no connection to the woman or her child.

“Children are a gift from God regardless of how they come, and I have more than enough to take care of my children, as many as possible that will come my way,” Chief Priest said.

“I have a beautiful marriage; this is the best thing that has ever happened to me, and if you watch the whole attack, it is on the marriage.”

When asked whether he would have accepted the child if proven to be his, the socialite responded, “Of course.”

He also expressed his willingness to undergo a paternity test but criticized the tone of the allegations. “You cannot bash me this hard and expect my loyalty,” he added.

Chief Priest further stated that the controversy has not impacted his marriage, emphasizing the strength of his bond with his wife. “We are not just husband and wife; we are business partners and associates that are inseparable,” he said.

He also suggested that the timing of the allegations raised questions about the accuser’s motives.

“The woman is always popping up every time I have an issue that goes viral. This shows that she has an ulterior motive rather than genuinely looking for the father of her child,” he stated.

The businessman noted that the saga has persisted for some time but maintained that he has no knowledge of the individuals orchestrating the accusations.

 

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