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It Is Official – Rihanna Is A Billionaire

rihanna net worth

Kanye West, Jay Z, and now Rihanna… the music industry is steadily turning more and more of its stars into billionaires.

In Forbe’s latest ranking of the industry’s richest stars, Rihanna made her debut as a billionaire. Like others before her, Rihanna owes her upgraded wealth status not to direct music sales but to her ability to leverage star power into savvy business decisions.

Rihanna’s net worth now stands at a whopping $1.7 billion, making her not only the richest musician in the world but the richest person in her native Barbados. Kanye West clocked in at $2 billion making him the richest rapper, seconded by Jay Z with $1.4 billion.

Rihanna’s billionaire status was confirmed back in August 2021 by the wealth evaluation magazine which attributed the bulk of her wealth to beauty and lingerie businesses.

In case you’ve been hiding under a rock, Rihanna is the co-owner of Fenty Beauty, a luxury beauty and cosmetic brand that raked in a staggering $550 million in revenue for the year 2020. She co-owns the brand with LVMH otherwise known as Louis Vuitton.

Read Also: Grammy Awards 2022 Full Winners List

Then there is the lingerie business where the pop star owns a 30% stake. Savage x Fenty Lingerie line was valued at $1 billion in early 2021 after receiving $115 million in a series B funding.

Rihanna is humbled by Forbes’s revelation and has expressed how surreal she has felt about it all.

“It’s tricky because it’s hard to even accept that’s where you’re at because I know where I’ve come from. At the same time, it feels good to be able to inspire young women and boys, who like me, come from humble beginnings, who come from parents who are immigrants or who are immigrants themselves, to be able to do this,” the expecting mom said.

In Forbes’s latest ranking of the world’s billionaires, Elon Musk shines top of the list with a jaw-dropping net worth of $219billion.

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Entertainment

‘77% of Nigerian women bleach their skin’ — Nollywood actress Beverly Naya speaks up

Nollywood actress Beverly Naya has opened up about the personal experience that inspired her Netflix documentary Skin, tracing it back to bullying she faced as a teenager in London.

Speaking on the One54 Podcast, Naya explained that although the bullying she experienced growing up wasn’t rooted in colourism specifically, it deeply affected her self-esteem during her formative years.

After relocating to Nigeria, she said she initially wanted to start an anti-bullying campaign, but felt the idea needed sharper focus to genuinely resonate with audiences. During her research, she came across a quote attributed to Willie Lynch, a figure some historians dispute ever existed, allegedly describing a strategy to divide Black people by skin complexion. Whatever its origins, Naya said the idea stuck with her once she connected it to modern data on skin bleaching in Nigeria.

According to the World Health Organisation, 77% of Nigerian women use skin bleaching products, the highest rate recorded on the continent, compared to 59% in Togo, 35% in South Africa and 27% in Senegal.

Naya said that statistic, paired with the historical quote, is what ultimately shaped the direction of Skin. She pointed to a cultural hierarchy around complexion in Nigeria, where lighter skin is often treated as more desirable, and said she saw the culture around bleaching as its own form of bullying that had never been properly named or discussed.

She recalled how dark-skinned people were often casually insulted using derogatory terms, without the behaviour ever being classified as discriminatory. Naya said the documentary was her way of giving that pattern a name, colourism, while highlighting the health effects of bleaching and encouraging people to embrace their natural skin tone.

“That’s basically what inspired that movement,” she said of the project, noting that Skin premiered on Netflix roughly two weeks after George Floyd died in 2020, a period marked by heightened global conversations around race.

Beyond the documentary’s origin story, Naya used the conversation to reflect on her broader journey between London, Lagos and New York, discussing how moving across three continents shaped her identity, accent and worldview.

She also spoke about her decision to build her career in New York rather than Los Angeles, and shared thoughts on protecting her mental health while navigating fame, comparison culture and public scrutiny.

Naya, a Forbes 30 Under 30 Africa honoree, has continued to expand her work as an actress, filmmaker and producer since Skin’s release, with the documentary remaining one of the more widely discussed projects to tackle colourism within Nollywood and the broader Nigerian entertainment industry.

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Celebs

Veteran Actress Ngozi Nwosu appeals for N30 Million For Three Surgeries as she battles health crisis

Veteran Nollywood actress Ngozi Nwosu has made an emotional appeal to fans, colleagues and well-wishers as she battles a serious health condition that requires urgent medical attention.

The actress shared a photo of herself lying in a hospital bed, revealing that she has been hospitalised for the past three weeks. According to her, speaking publicly about her condition was a difficult decision, but she could no longer remain silent as she urgently needs three life-saving surgeries estimated to cost ₦30 million.

“My people, my fans and my family. I know you have not seen me in circulation for some time. I’ve been hospitalised now for three weeks.

“Pls, the thing has gone beyond my control. I need your help. Don’t let me die. I know that you people never forsake me, and I know that God will always see me through. But I am begging you my fans and family, don’t let me down.”

Nwosu also revealed the physical pain she has been enduring, adding that anyone willing to support her treatment should reach out to her management.

“I am going through a lot of pain. I have like three surgeries to go through.

“If there is anything you want to do for me, pls contact my management; they will be there. Thank you, God bless you. My sickness will never be anybody’s portion.”

n the caption accompanying the post, the actress reiterated her appeal, asking fans to share her message and contribute towards her treatment.

“Please don’t scroll past. Share this post and support if you can. God bless you, and may you and yours never experience this affliction.

“Please contact my legal representative/management for more details.

“Total amount needed for all surgeries is: N30,000,000.”

Nwosu is one of Nollywood’s celebrated veteran actresses, with a career spanning decades. She is widely recognised for her memorable performances in films and television productions.

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Entertainment

Nigeria’s image isn’t worth protecting when school children are being kidnapped – Davido

In a new interview on the BBC, multi-award-winning superstar Davido explained why he chose to use his platform to bring global attention to the kidnapping of school children around the country.

During his performance on one of the side events at the ongoing FIFA World Cup hosted in Mexico, the United States of America, and Canada, Davido wore a jacket with the names of the school kids from the Oyo Kidnapping pinned all over the black leather jacket

Davido’s choice of outfit and activism generated both criticism and praise, with some commending him for using his platform to amplify the plight of Nigerians confronting record levels of insecurity. Other critics, including popular Hausa praise singer Dauda Adamu Kahutu, popularly known as Rarara, accused Davido of a lack of patriotism for airing the country’s dirty laundry on the global stage.

The award-winning star, however, doesn’t agree with the idea of protecting the country’s image. According to him, there’s no image to protect when school kids are being kidnapped.

A lot of people don’t really want to talk about what goes on in my country (Nigeria) simply because they want to protect the image, but there’s no image to protect if the little kids are being kidnapped,” Davido said, strongly communicating his stance.

As much as I was happy to do the World Cup, we also have to understand that things are going on back home in our country, which we have the power to let the world know through our own means. My own means is music and performances, so I used my platform to project what is going on.”

Davido’s decision to use the World Cup stage for his activism continues his trend of joining his voice to echo Nigeria’s sociopolitical crisis. During the famous ENDSARS protest against police brutality and corruption in 2020, he took part in the protest, and his smash hit record ‘FEM’ became the unofficial anthem.

As Nigerians at home and in the diaspora continue to await the return of the school children and teachers of the Orile kidnapping in Oyo, Davido and other celebrities are speaking up on the rising insecurity and economic hardship across the country.

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