Kanye Wests Yeezy sneaker line worth Sh100billion – Forbes

 

 

Kanye West is the third highest earning celebrity on earth.

In a rare interview, the 42-year old talked with Forbes about his design process, what the future holds for the Yeezy brand, and more—in a way only he can.

Below is some of the takeaways from the interview:

He tells the magazine that he sees his diagnosis of bipolar disorder not as a hindrance but as a “superpower” that unlocks his imagination.

He disclosed

“Crazy is a word that’s not gonna be used loosely in the future. Understand that this is actually a condition that people can end up in, be born into, driven into & go in & out. & there’s a lot of people that have been called that ‘C’ word that have ended up on this cover.”

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Will Kenya West outsell Micheal Jordan?

While the Jordan line does approximately $3 billion in annual sales; West’s upstart is expected to top $1.5 billion in 2019 and growing. West still owns 100% of Yeezy, a holding that made him a centimillionaire much earlier in life than other competitors—including Michael Jordan

Kanye thinks Yeezys are the “Lamborghini of shoes” and Adidas is trying to keep them limited. In the interview he said

“There’s a little bit of Lamborghini in everything I do. Yeezy is the Lamborghini of shoes.”

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Kanye West makes more off royalties than Michael Jordan does.

The Addidas Yeezy line is one of the most popular sneaker lines.

According to Forbes, the Air Jordan line does roughly $3 billion in annual sales. Adidas Yeezy is projected to top $1.5 billion in 2019. One thing that Ye already has MJ beat in is royalties. West reportedly makes 15-percent royalties on wholesale in comparison to Jordan’s estimaed 5-percent royalties on wholesale Air Jordan sales. The 42-year old also still owns 100-percent of the Yeezy brand—something that has helped him become a centimillionaire faster than some of his footwear counterparts like Jordan.

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He owns 100 percent of Yeezy and it’s going to make him a billionaire. He said

“I am a product guy at my core. To make products that make people feel an immense amount of joy and solve issues and problems in their life, that’s the problem-solving that I love to do.”

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Forbes – Jay Z is OFFICIALLY a billionaire and how he created his fortune

Highlights

Jay reportedly has a $70 million dollar art collection, $50 million dollar real estate holdinds, $220 million in cash and investments, a music catalog worth $75 million dollars and his companies like Tidal and Roc Nation – which total $175 million

Jay Z is the first hip hop artist to land billionaire status.

A combination of successful companies, a lucrative catalog of music, smart investments and real estate holdings all contribute to the mogul’s considerable wealth, according to a new Forbes story on Monday.

Jay, whose real name is Shawn Corey Carter, has amassed a fortune that ‘conservatively totals $1 billion.’

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Jay Z is officially hip-hop’s first billionaire. Earnings include $310m from Armand de Brignac Champagne, cash & investments $220m, Dusse Cognac $100m, Tidal $100m, Roc Nation $75m, music catalog $75m, art collection $70m, real estate $50m.

The financial outlet has been keeping an eye on the rapper’s wealth since it first featured him on the 2010 cover of the Forbes 400 – a ranking of the 400 richest Americans- alongside American business magnate Warren Buffet.

Since then, Jay has made a serious a smart business choices like stakes in swanky booze brands Armand de Brignac champagne and D’Ussé cognac which the outet claims are worth $310 million and $100 million respectively.

‘Jay-Z has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire—and the first hip-hop artist to do so,’ Forbes writes.

The new profile does a deep dive into the 49-year-old’s finances and totaled up things like his $70 million dollar art collection, $50 million dollar real estate holdings, $220 million in cash and investments, a music catalog worth $75 million dollars and his companies like Tidal and Roc Nation – which total $175 million.

‘It’s bigger than hip-hop … it’s the blueprint for our culture,’ producer Swizz Beatz told Forbes. ‘A guy that looks like us, sounds like us, loves us, made it to something that we always felt that was above us.’

‘If he’s a billionaire now, imagine what he’s about to be. Because he’s only just starting.

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Photos of Jeff Bezo the richest man in the world according to Forbes

Amazon founder ‘s wife  MacKenzie Bezos recently became the 3rd richest woman in the world after they , finalized the biggest divorce settlement in history.

The divorce left Amazon boss  Jeff Bezos with 75 percent of their stock in the tech giant and giving her nearly $36 billion in shares.

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MacKenzie Bezos said she would give all of her stake in The Washington Post and the space exploration firm Blue Origin to her husband — the world’s richest man — as well as voting control of her remaining Amazon stock.

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Jeff Bezos, 55, and MacKenzie, 48, a novelist, married in 1993 and have four children. Jeff Bezos founded Amazon in their Seattle garage in 1994 and turned it into a colossus that dominates online retail.

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In a filing with the US Securities and Exchange Commission, Amazon, which has a market capitalization of some $890 billion, said MacKenzie Bezos will control four percent of the company’s outstanding common stock.

At Amazon’s current share price that would be worth some $35.6 billion.

According to Forbes magazine, the divorce settlement makes MacKenzie Bezos the third wealthiest woman in the world after L’Oreal heiress Francoise Bettencourt Meyers and Walmart’s Alice Walton.

Below are his photos with his recently divorced wife MacKenzie.

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Top 20 Africa’s billionaires. Even with all the looting no Kenyan is on it

Forbes has released a list of 20 African billionaires and only two women made it to the list. Unfortunately, no Kenyan is on the list!

The two women were Folorunsho Alakija from Nigerian and Angolan Isabel dos Santos.

Below are the billionaires who run Africa:

1. Aliko Dangote

He’s a Nigerian investor, and owner of the Dangote Group, which dominates the sugar market in Nigeria. He also owns Dangote cement. His net worth is $10.3 Billion.

‘He sent 2K once for upkeep yet he earns a whooping 600K!’ (Audio)

2. Mike Adenuga

Adenuga owns Globacom, which is Nigeria’s third-largest mobile phone network, plus oil exploration firm Conoil Producing, extensive real estate holdings in Nigeria and a network of 12,000 cellphone towers. His worth is estimated at $9.2 billion.

Mike Adenuga

3. Nicky Oppenheimer

He is a diamond heir Nicky Oppenheimer of South Africa. His grandfather founded diamond mining firm DeBeers, which Nicky ran and then sold to mining giant Anglo American for $5.1 billion cash in 2012. He is currently worth an estimated $7.3 billion.

4. Nassef Onsi Sawiris 

He’s an Egyptian billionaire businessman, the youngest of Onsi Sawiris’ three sons. He was the CEO of  Orascom Construction and now the chairman of Aston Villa F.C. His net worth is $6.3 Billion.

Woman left dead after her fridge caught fire and exploded in Mwanzo estate

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5. Johann Rupert

A South African-born entrepreneur, who is the eldest son of business tycoon Anton Rupert. He is the chairman of the Swiss-based luxury-goods company Richemont as well as of the South Africa-based company Remgro. Net worth is $5.3 Billion

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6. Issad Rebrab

an Algerian billionaire businessman, CEO of the Cevital industrial group, the largest private company in Algeria, active in steel, food, agribusiness and electronics. His net worth is Issad Rebrab $3.7 B

Issad-Rebrab

7. Naguib Sawiris 

An Egyptian billionaire businessman. Sawiris is chairman of Weather Investments’s parent company, and chairman of Orascom Telecom Media and Technology Holding S.A.E.

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8. Koos Bekker

He’s a South African chairman of leading emerging markets media group Naspers. The company operates in 130 countries and has the largest market capitalization of any media company outside the US and China. His net worth is $2.3 B

CAPE TOWN, SOUTH AFRICA - 13 February 2009: Koos Bekker, CEO of Naspers. (Photo by Gallo Images/Financial Mail/Hetty Zantman)
CAPE TOWN, SOUTH AFRICA – 13 February 2009: Koos Bekker, CEO of Naspers. (Photo by Gallo Images/Financial Mail/Hetty Zantman)

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9. Isabel dos Santos

The Russian-Angolan businesswoman is Africa’s richest woman and the eldest child of Angola’s former President José Eduardo dos Santos. Her net worth is $2.3 B

Isabel dos Santos
Isabel dos Santos

10. Mohamed Mansour

He is an Egyptian businessman and former politician. He is the chairman of Mansour Group that is the second largest company in Egypt by revenue. Net worth $2.3 B

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11. Strive Masiyiwa

Strive Masiyiwa is a Zimbabwean businessman, entrepreneur, and philanthropist. He is the founder and executive chairman of diversified international Telecommunications, Media and Technology group Econet Wireless and Econet Media. His net worth is $2.3 Billion

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12. Patrice Motsepe

A South African billionaire mining businessman. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. His net worth is $2.3 B

Patrice Motsepe, founder and chairman of African Rainbow Mineral Ltd., pauses during a television interview on day one of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 25, 2012. The 42nd annual meeting of the World Economic Forum will be attended by about 2,600 political, business and financial leaders at the five-day conference. Photographer: Simon Dawson/Bloomberg via Getty Images
Patrice Motsepe, founder and chairman of African Rainbow Mineral Ltd.

13. Aziz Akhannouch

Moroccan businessman and current Minister of Agriculture in Abdelilah Benkirane’s cabinet since 2007. The CEO of Akwa Group, a Moroccan conglomerate particularly active in the oil and gas sector. His net is worth 2.1 B

Aziz Akhannouch
Aziz Akhannouch

14. Mohammed Dewji

A Tanzanian businessman and former politician. He is owner of MeTL Group, a Tanzanian conglomerate founded by his father in the 1970s. His net worth is $1.9 B

Mohammed Dewji abducted in Dar es Saalam
Mohammed Dewji

15. Othman Benjelloun

A Moroccan Arab businessman who owns a bank an insurance firm owner. His net worth is $1.7 B

16. Abdulsamad Rabiu

Is a Nigerian businessman. Abdul Samad is the founder and chairman of BUA Group, a Nigerian conglomerate with interests in manufacturing, infrastructure and agriculture.  He is also the chairman of Nigerian Bank of Industry.

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17. Yasseen Mansour
18. Youssef Mansour

Net Worth: $2.4 billion

19. Folorunsho Alakija

Is a Nigerian billionaire businesswoman, one of the richest African women, and one of the richest black women in the world. She’s involved in the fashion, oil and printing industries. Her net worth is $1.1 B

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Billionaire Folorunsho Alakija, Africa’s richest woman

20. Michiel Le Roux

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Ethiopian President named among 100 Most Powerful Women in the World

Forbes list of the most powerful women in the world is out and among those in the list include Ethiopia’s first female President Sahle-Work Zewde.

Among famous celebrities who are in the list but not among the top 20 include Serena Williams at number 79, Priyanka Chopra -94, Ivanka Trump-24 and Queen Elizabeth II.

The list is so huge so we focused on the first 20 people and below is the list.

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1.Angela Merkel

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2.Theresa May

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3.Christine Lagarde

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4.Mary Barra

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5.Abigail Johnson

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6.Melinda Gates

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7.Susan Wojcicki

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8.Ana Patricia Botín

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9.Marillyn Hewson

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10.Ginni Rometty

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11.Sheryl Sandberg

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12.Gail Boudreaux

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 13.Angela Ahrendts

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14.Safra Catz

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15.Isabelle Kocher

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16.Adena Friedman

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14.Ho Ching

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‘When we got baby Mueni it was just puppy love, Nothing serious’ Bahati reveals

18.Emma Walmsley

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19.U.S. Supreme Court Justices

20.Opray Winfrey

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Click on the link below to access the full list

https://www.forbes.com/power-women/list/

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Forbes facing backlash for naming Kylie Jenner ‘self made’ billionare

Many people are taking issue with Forbe’s definition of ‘self-made’, after it placed Kylie Jenner on its latest issue cover.

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They branded her the ‘cosmetics queen’, declaring on the cover:

‘At 21, she’s set to be the youngest-ever self-made billionaire. Welcome to the era of extreme fame leverage.’

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According to the publication, Kylie – who turns 21 on August 10 – is currently worth an estimated $900million thanks to her cosmetics line.

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Many people are taking issue with Forbes’ celebrating Kylie Jenner on its latest cover.

And social media immediately lit up with reactions;

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One claimed ‘Calling Kylie Jenner self made is like saying cardi b spelled “kulture” right.’

Another tweeted;'”Self-made”? Really? It’s easy to become a billionaire when you’re parents are millionaires…It’s called generational wealth + nepotism. Try Oprah Winfrey, who was raised on a small Mississippi farm by her grandmother, for self-made *whispers Kylie also isn’t a billionaire yet*’ .

One more wrote;’

A fourth asked: ‘Does Forbes know what Self Made means? ‘

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Either way, Self-made or not, once Kylie crosses the $1billion mark, she will unseat Facebook’s Mark Zuckerberg as the youngest-ever self-made billionaire.  

All in all the Forbes’ article timing is perfect for Kylie as she is launching her summer collection on Friday.

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She has recently been posting on her Instagram reminding her fans of the new collection launching Friday 13th.

And captioned; ‘SUMMER COLLECTION X KYLIE COSMETICS! launches this Friday the 13th!’

Jenner is also a new mother, she welcomed daughter Stormi with rapper Travis Scott in February.

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Diddy Tops Rapper Earnings List With $60 mn

Diddy is said to be working on a long-awaited album but, even without his music, he was the top-earning rapper of the past year.

Releasing its annual list on Tuesday, Forbes said that Diddy — whose real name is Sean Combs and whose stage names include Puff Daddy — took in $60 million from June 2014 to June 2015.

His earnings come mostly through his business projects, especially his venture selling French-made Ciroc liquor, the wealth magazine said.

Diddy rarely performs and last released an album, “Last Train to Paris,” in 2010.

But Gizzle, an artist signed to his label, recently told the Rap-Up website that Diddy was working on a sequel to his debut 1997 work “No Way Out.”

“No Way Out 2” would be the final album from Diddy, Gizzle said.

Another rapper turned mogul, Jay Z, was close behind at number two by raking in an estimated $56 million, Forbes said.

Jay Z put on a series of sold-out arena shows with his wife Beyonce and has earned money through assets such as Armand de Brignac, a champagne that he bought last year.

Canadian rapper and Apple collaborator Drake came in third at $39.5 million, with Forbes estimating that he earned $1 million per show.

Drake is the only artist to go platinum in the United States, or sell more than one million copies, with an album released this year — the mixtape “If You’re Reading This It’s Too Late.”

Drake released a new mixtape, “What a Time To Be Alive,” with fellow rapper Future late Sunday, with Billboard magazine expecting the work to top the latest album chart.

In 2013-14, Forbes said that Dr. Dre topped the list — and set the record for an entertainer of any genre in a year — by earning $620 million.

Dr. Dre had sold Beats, the company he co-founded that is best-known for headphones, to Apple, where he has taken on a corporate role.

Forbes estimated that he came fourth in 2014-15 with $33 million in earnings.

Dr. Dre last month released “Compton,” which he has described as his final album, to accompany the blockbuster film “Straight Outta Compton” about his former band N.W.A.

Photo Credits : AFP

Jennifer Lawrence Is The Highest Paid Actress At $5.2 Billion

Hunger Games star Jennifer Lawrence is the highest-paid actress of the year according to Forbes.

She banked a whopping $52 million dollars pre-tax thanks to her roles in the Hunger Games franchise as well as appearing in independent productions and the X-Men films.

Second on the list is Scarlett Johansson who made her cut from her role as Black Widow in the Marvel Cinematic Universe, and stand alone films like Lucy.

Suprisingly Angelina Jolie makes it at number seven behind Jennifer Aniston and Julia Roberts  at number 5 and 6 respectively.

The Top 18 highest-earning female movie stars

1. Jennifer Lawrence: $52,000,000

2. Scarlett Johansson: $35,500,000

3. Melissa McCarthy: $23,000,000

4. Bingbing Fan: $21,000,000

5. Jennifer Aniston: $16,500,000

6. Julia Roberts: $16,000,000

7. Angelina Jolie: $15,000,000

8. Reese Witherspoon: $15,000,000

9. Anne Hathaway: $12,000,000

10. Kristen Stewart: $12,000,000

11. Cameron Diaz: $11,000,000

12. Gwyneth Paltrow: $9,000,000

13. Meryl Streep: $8,000,000

14. Amanda Seyfried: $8,000,000

15. Sandra Bullock: $8,000,000

16. Emma Stone: $6,500,000

17. Mila Kunis: $6,500,000

18. Natalie Portman: $6,000,000

-Forbes

Robert Downey Jr. is world’s top-earning actor by Forbes

“Iron Man” star Robert Downey Jr. was named the world’s top-earning actor on Tuesday by Forbes, taking first place on a list that featured leading men from Bollywood as well as Hollywood for the first time.

Downey, 50, earned an estimated $80 million between June 2014 and June 2015, spurred by the success of this year’s superhero ensemble “Avengers: Age of Ultron,” which grossed more than $1.3 billion worldwide.

Second-place honors went to veteran Chinese actor and martial arts star Jackie Chan, 61, who Forbes said had earned $50 million in the past year from Hollywood and China co-productions such as “Dragon Blade” as well as merchandise.

Chan came in ahead of Hollywood stars Vin Diesel, who grabbed third place with $47 million mainly due to his stake in the “Fast and Furious” franchise, as well as Bradley Cooper, Adam Sandler and Tom Cruise.

Sandler, 48, whose most recent big budget film “Pixels” performed poorly in the global box office, still earned $41 million over the past year, in part due to his production deals with Sony studios and Netflix.

Bollywood actors Amitabh Bachchan, Salman Khan and Akshay Kumar, all staples of Indian cinema, also featured in the top 10, with 72-year-old Bachchan and 49-year-old Khan tying at No. 7 with $33.5 million each. Kumar, 47, came in at No. 9 with $32.5 million.

Forbes collates its earnings lists using figures from sources such as Nielsen, Box Office Mojo and IMDB, and calculates earnings by deducting estimated taxes and management fees. It will publish a list on the world’s highest-paid actresses at a later date.

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Kenyans Named In Africa’s Top 50 Movers And Shakers List

Forbes Africa has come up with a list of top 50 African movers and shakers and a few Kenyans have made it to the list.

According the Forbes the  people on the list personify modern Africa: entrepreneurs and artists, athletes, politicians and activists. They were chosen by a jury under the direction of renowned economic journalist Mfonobong Nsehe .

Here are the Kenyans on the list:

Lupita Nyong’o – Kenyan actress and filmmaker was celebrated in her Hollywood debut in “12 Years a Slave.” She earned the Best Supporting Actress Academy. Award for her role as the slave Patsey.  She is a graduate of Yale University’s School of Drama. She is currently working on “Queen Of Katwe,” a film based on the true story of the rise of a Ugandan chess prodigy.

Ory Okolloh – lawyer Ory Okolloh, 37, first came into the limelight as a blogger and co-founder of Ushahidi, which Kenyans used to report incidences of violence through email, text message and Twitter following the 2007 elections. Ushahidi’s open-source software is now used around the world for similar causes. Okolloh, a passionate advocate of good governance and accountability in Africa, now serves as Managing Director of Omidyar Network Africa, which invests in African for-profit and nonprofit organizations that foster a civil society.

Sauti Sol –  The quartet of Bien-Aimé Baraza, Willis Chimano, Delvin Mudigi and Polycarp Otieno make up Sauti Sol, Kenya’s most popular music export on the African continent. The enormously successful boy band sings in Swahili and blends local and regional dances and music with western-inspired music genres like soul and R’n’B. Sauti means “voice” in Swahili. In 2014, they won the best African Act at the 2014 MTV European Music Awards.

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Forbes 15 World’s Highest-Paid Celebrities Of 2015

Forbes recently released it’s list of top 100 highest celebrities and you will be surprised to learn the top 15. Even the Kimye’s do not make the cut as Kim Kardashian appeared on number 33 with husband Kanye not making it to the list. Surprisingly songstress Katy Perry comes in at 3rd place in the list.

Celebrity couple Jay-Z and Beyonce come closely at number 28 and 29 respectively with Jay at $56m and Bey at $54.5 million.

Check out the full list below

1. Floyd Mayweather: $300 million
2. Manny Pacquiao: $160 million
3. Katy Perry: $135 million
4. One Direction: $130 million
5. Howard Stern: $95 million
6. Garth Brooks: $90 million
7. James Patterson: $89 million
8. Robert Downey Jr.: $80 million
9. Taylor Swift: $80 million
10. Cristiano Ronaldo: $79.5 million
11. Rush Limbaugh: $79 million
12. Ellen DeGeneres: $75 million
13. Lionel Messi: $74 million
14. The Eagles: $73.5 million
15. Dr. Phil McGraw: $70 million

Taylor Swift Is Listed on Forbes List Of Power Women

Taylor Swift has achieved yet another milestone, not musically though but due to her music. She has been become included on the Forbes list of The World’s 100 Most Powerful Women and is the youngest woman ever to be on the list. At just 25 years of age, Taylor has been names for the first time ever this year ranking at number 64.

Forbes described Swift as a ‘global megastar’ who ‘has not only broken record sales and captivated the world with her fantastically honest lyrics, but she has proven herself as an impressive businesswoman’.

The publication added: ‘There’s no denying that she’s one of the most significant cultural influencers of our time.’ German Chancellor Angela Merkel is top of the list for the fifth year in a row while Hilary Clinton is in second place and Melinda Gates is placed third.

First Lady Michelle Obama ranks tenth on the list while Queen Elizabeth II is at number 41. Other celebrities on the list include Oprah Winfrey at 12, making her the most powerful woman in entertainment, Beyonce at 21 and Ellen DeGeneres at number 50.

Angelina Jolie comes in at number 54 while Sofia Vergara is at 57.

The World’s richest black women

Some are self-made female billionaires who worked hard and leveraged their businesses into empires.

Others got inheritance from their families  and managed the money into even bigger ventures.

Here is the list, in no particular order.

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Image courtesy of kokofeed.com

FOLORUNSHO ALAKIJA – Alakija, 63, a Nigerian native, got her billions by starting a fashion empire in Nigeria in the 1980s called Supreme Stitches. According to Time magazine, she took a portion of her profits from that business and acquired an oil-exploration license that earned her and her family a 60 percent stake in a highly profitable oil block. Forbes recently placed her net worth at around $1.9 billion.

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Image courtesy of www.finedininglovers.com

OPRAH WINFREY – Oprah partly credits her $3 billion fortune to a conversation she had with film critic Roger Ebert in the 1980s while the two were out on a date. Ebert convinced Winfrey to take ownership of her talk show by producing the program herself and taking it into syndication. More than 20 years later, Winfrey, 61, has leveraged her media imprint into a solid acting career, a movie production company, healthy real estate acquisitions, a television network (OWN), a lucrative self-help tour and countless other endeavors that keep the big bucks coming in. And she’s not slowing down: She recently announced that her Chicago-based Harpo Studios will close by year’s end to merge with OWN headquarters in Los Angeles, where both production company and network can work together to expand Winfrey’s reach even further.

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Image courtesy of proudlyghana.com

HAJIA BOLA SHAGAYA –  Shagaya is at the helm of a Nigerian conglomerate that has holdings in oil, real estate, banking, communications and photography companies. She began her finance career in the auditing department of one of Nigeria’s central banks and went on to manage her own business enterprises in 1983. Shagaya, 55, owns property in Europe and the United States. Her exact net worth is unknown, but a 2012 report found that tenants at one of her residential properties pay $180,000 every year to live there.

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Image courtesy of economico.sapo.pt

ISABEL DOS SANTOS – Dos Santos, 41, reportedly dislikes the rumors about how she amassed her fortune because her well-connected father. Angola’s President José Eduardo dos Santos—gifted her with a bunch of stakes in several Angolan companies. According to Forbes magazine, she has equity in a telecommunications company, a bank, oil and gas companies, and a cable-TV network. Dos Santos’ first business venture was a restaurant she opened up when she was 24 years old. Forbes puts her net worth at around $3.3 billion.

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Image courtesy of www.newschool.edu

SHEILA JOHNSON – Johnson, 66, co-founded the Black Entertainment Television network with now-former husband Robert L. Johnson in 1980. They sold BET to Viacom for a cool $3 billion in 2001. Each took a share after divorcing, and Sheila Johnson began to manage her own investment portfolio, which consists of holdings in a national hockey team, an NBA team and a WNBA team, and real estate investments in luxury resorts. She consistently appears in top 10 lists of the nation’s wealthiest African Americans. Her net worth is estimated at $400 million.

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Image courtesy of rollingout.com

BEYONCÉ KNOWLES-CARTER – She is one of the most successful recording artists of our time. She began her career at age 9 with the girl group Destiny’s Child and went on to become an even more successful solo artist, putting out five studio albums and embarking on sold-out world tours. She inked a multimillion-dollar endorsement deal with Pepsi and has a line of fragrances with Tommy Hilfiger, as well as a women’s clothing line that she co-owns with her mother called House of Dereon. Beyoncé is also currently developing an athletic-wear clothing line with United Kingdom fashion house Top Shop.

The 33-year-old has said that her most impressive achievement is creating her own management and production company in 2008 called Parkwood Entertainment, which produces all of her videos, television specials and a few movies she’s starred in. It doesn’t hurt that her reported net worth ($450 million) is combined with her husband Jay Z’s, they’re one smoking-hot billionaire couple.

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Image courtesy of www.businessdailyafrica.com

NGINA KENYATTA – Kenyatta, better known as Mama Ngina, is the widow of President Jomo Kenyatta, Kenya’s first leader after the nation gained independence from Britain in 1963. Since her husband’s passing, Kenyatta, who turns 82 this year, has taken control of the family business, which has interests in banking, farming, insurance, hospitality, manufacturing and real estate. Kenyatta is a major shareholder of one of Kenya’s privately owned banks, as well as a slew of chain hotels.

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Image courtesy of www.netwerk24.com

WENDY APPELBAUM –  Appelbaum was a director of her billionaire father’s insurance and real estate company, Liberty Investors, in South Africa. But Appelbaum did more than just sit back and inherit her riches. She sold her shares and invested in ventures that brought her even more millions. She became the deputy chairman of the Women’s Investment Portfolio Holdings Limited, an investment company owned and operated by black women. She also purchased equity in a wine estate and does philanthropic work. A 2012 estimate put her net worth at around $260 million.

Bridgette-Radebe
Image courtesy of www.biznisafrica.co.za

BRIDGETTE RADEBE –  She’s the founder of a South African mining firm that specializes in coal, gold, uranium and platinum. Radebe, 55, learned the mining business by working in managerial positions at some of South Africa’s most successful mining companies. She is also co-founder of a private-equity firm that makes investments in sub-Saharan Africa’s mining companies.

 

 

 

Michael Jordan named world’s first billionaire athlete

Michael Jordan is the first athlete in the world to join the likes of Bill Gates and Warren Buffett in the ranks of the world’s billionaires, according to the list released by Forbes for 2015.

The Forbes world’s billionaire list released on Monday, put  him at number 1,741.

As it has been for several years, Bill Gates, remained at the top of the list with a net worth $79.2 billion, followed closely by Mexican telecom mogul Carlos Slim Helu at Number 2 with a net worth of $77.1 billion and the Oracle of Omaha, Warren Buffett with a  net worth of  $72.7 billion at Number 3.

Microsoft founder Gates has topped the charts for 16 of the past 21 years, Forbes said.

A record 1,826 individuals made the list in 2015, up from 1,645 in 2014, with an average net worth of $3.86 billion, down a smidgen $60 million from last year.

A record 197 women made the list in 2015, up from 172 last year. And there were 290 newcomers, like Michael Jordan, also a record.

Kenyans Among Forbes Most Promising Young Entrepreneurs In Africa 2015

While there are only a tiny handful of under-30 entrepreneurs who have succeeded in building million-dollar businesses, there is a rising number of young Africans who are building fast-growing companies in food manufacturing, engineering, technology, hospitality, and any other industry you can think of. They are creating jobs, paying taxes, igniting the entrepreneurial spark amongst their contemporaries, and ultimately, playing pivotal roles in the continent’s renaissance. You can’t ignore them anymore. We acknowledge the Kenyans who have made it to the top 30;

1. Khetia Khetia,28, is the founder of Tria Group, a Kenyan outdoor transit advertising firm that uses public transit vehicles to market leading consumer goods in Kenya. Tria, which was founded in 2013, already has annual revenues exceeding $1.3 million.

2. Catherine Mahugu, 27, is a co- founder of Soko, an online destination platform for shoppers to discover handcrafted accessories from all over the world and purchase them directly from the designers and artisans. In 2013, the company raised $700,000 from a Dubai-based investment firm. At Soko, Mahugu leads innovation to foster new scalable and appropriate solutions. She is an International Telecom Union (ITU) Young Innovators fellow.

3.  Teresa Mbagaya, 28, co-founder Econet wireless previously worked at Google on its Education team and partnered with the Emerging Markets Outreach team to provide free open source education materials to emerging markets. In 2013, she joined Econet Wireless as the youngest executive to found and lead Econet Education. Since joining Econet, Teresa has launched 3 education services in Zimbabwe with further aims for international expansion: Econet Zero targets 5 million Econet Broadband subscribers offering them free access to 50+ education websites including Coursera, EdX, Wikipedia, Codecademy and others; a global first for any Mobile Network Operator in scale. EcoSchool targets all tertiary institutions in Zimbabwe, an education platform that provides on-the-go, affordable, and reliable access to world-class educational content via the EcoSchool tablet. Recently, the business launched EcoSchool Academy to all 9 million subscribers, an interactive mobile learning environment which provides 50 short courses covering a range of topics. Econet Education has reduced the costs for Medical Students in Zimbabwe, providing tablets on which they can access their text books at significant savings.

4. Mubarak Muyika,20, Founder Zagace Limited and is one of Kenya’s most promising young tech entrepreneurs. When he was 16, he founded Hypecentury Technologies, a web hosting company. He sold the company two years later to Wemps Telecoms in a 6-figure deal. Muyika’s new venture, Zagace, which has raised funding from local investors, is a cloud enterprise software that helps companies manage inventory such as accounting, payroll, stock management, marketing and many more all bundled in a simple and easy to use format called Zag apps.

5. Hasnain Noorani, 32, CEO Pride Group inherited a small driving school and car hire business from his father only four years ago. He is widely credited with expanding that business into what is known today as the Pride Group, a Kenyan conglomerate that owns a portfolio of six 3-star hotels across Kenya under the ‘PrideInn’ brand, bakeries, restaurants, a tour company and other assets.

6. Kelvin Macharia Kuria, Kenyan Founder, Sunrise Tracking Kuria, 23, is the founder of Sunrise Tracking, a Nairobi-based vehicle security tech firm that offers GPS tracking, CCTV and ability to turn engines off remotely via SMS.

7. Eric Kinoti, 30, is the founder of Shades System East Africa, a $1 million (annual sales) company that manufactures military and relief tents, branded gazebos, restaurant canopies, car parking shades, marquees, luxury tents, wedding party tents canvas seats and bouncing castles across the region. The company’s biggest clients are non-governmental and humanitarian organizations. Based in Nairobi, Shades System exports its products to Somalia, Congo and Rwanda.

8. Ronak Shah, 27 year old Asian-Kenyan is the founder and CEO of Kronex Chemicals Ltd, a fast-growing manufacturer of low-cost household cleaning products such as dishwashing liquids and multi-purpose detergent targeted at Kenya’s lower class.

9. Barclay Paul, 23, is the founder of Impact Africa Industries, a company that produces low cost sanitary pads for poor women in informal settlements Kenya three years ago and he now sells the pads to as far as Uganda and South Sudan. The company is located in Kitale, a small town in Western Kenya and has 23 employees, 15 of whom are women who help in production and distribution of the sanitary pads.

Forbes Top Earning Actors of 2014

In Forbes’ list of The Top Grossing Actors of 2014 the 24-year-old Oscar winner Jennifer Lawrence came out on top, grossing a total of $1.4 billion for her films Hunger Games: Mockingjay and X-Men: Days of Future Past.

In early December a deluge of hacked emails from Sony revealed Lawrence and co-star Amy Adams were paid around 23 per cent less than their male American Hustle co-stars, Bradley Cooper, Christian Bale and Jeremy Renner.

The leaked emails highlighted what commentators have labelled “a troubling truth”, that all women, no matter their wealth or celebrity status, are still burdened by the gender pay gap.

Despite this, Lawrence’s success with her subsequent films have left her on top, and her good run looks set to continue. Next year she will appear in the final instalment of the Hunger Games and her first film following the popular series will see her working again with American Hustle and Silver Linings Playbook director David O. Russell in the film Joy.

Here is the full list

Jennifer Lawrence : Global Box Office: $1.4 billion

Chris Pratt : Global Box Office: $1.2 billion

Scarlett Johansson : Global Box Office: $1.18 billion

Mark Wahlberg : Global Box Office: $1 billion

Chris Evans : Global Box Office: $801 million

Emma Stone : Global Box Office: $764 million

Angelina Jolie : Global Box Office: $758 million

James McAvoy : Global Box Office: $747 million

Michael Fassbender : Global Box Office: $746 million

Hugh Jackman : Global Box Office: $746 million

These are the world’s highest paid musicians

After dominating Forbes’ Hip-Hop Cash Kings list a few months ago, it should come as little surprise Dr. Dre tops the magazine’s 2014 World’s Highest-Paid Musicians list as well — beating out Beyonce by half a billion dollars.

Dre’s massive $620 million figure is the highest amount by a musician ever. That’s thanks to the recent sale of Beats, which he co-founded, to Apple for $3 billion.

Beyoncé’s $115 million that puts her at second place is, of course, nothing to scoff at either. It’s the singer’s most lucrative year to date, courtesy of her Mrs. Carter Show world tour, surprise album drop and endorsements that included Pepsi and H&M.

In forming its top 30 list, Forbes considered income from touring, music sales, publishing, merchandise, endorsements and various other ventures based on the June 2013-June 2014 fiscal year. Britney Spears, Avicii, Kanye West, Madonna, Macklemore, David Guetta, Lil Wayne, Tiesto and Birdman all missed the list but were named as close-calls.

Here are the top ten earning musicians
1. 1. Dr. Dre ($620 million)
2. Beyonce – $115 million
3. The Eagles – $100 million
4. Bon Jovi – $82 million
5. Bruce Springsteen – $81 million
6. Justin Bieber – $80 million
7. One Direction ($75 million)
8. Paul McCartney ($71 million)
9. Calvin Harris ($66 million)
10. Toby Keith ($65 million)