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Grammy-Winning Pop Star-Turned-Lingerie Mogul, Rihanna Prepares To Launch ‘$3 BILLION IPO’ for Savage x Fenty

Rihanna’s company is reportedly working with banks like Goldman Sachs and Morgan Stanley to value its worth and gauge demand, though a listing could happen as soon as this year.

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Though an official decision hasn’t been made on when, or if, it will go public, Fashion entrepreneur and pop singer Rihanna is working with advisers on taking her lingerie company Savage X Fenty public through an initial offering that could value the company at $3 billion, it was recently reported on numerous financial platforms. 

Rihanna’s company is reportedly working with banks like Goldman Sachs and Morgan Stanley to value its worth and gauge demand, though a listing could happen as soon as this year.

An initial public offering (IPO) is an highly involved process of taking a company from private to public ownership by issuing stocks to the general public, a process that legally allows the company to raise more money to grow its footprint. 

Rihanna, 34, officially became a billionaire last August – making her the richest female musician in the world and second richest female entertainer after Oprah Winfrey. 

The songstress has racked up $1.7 billion throughout her 19 year career – and in spite of her record sales, the majority of her fortune mostly came from her beauty and lingerie lines – Forbes reported. 

It was claimed in that article that the bulk of the popstar’s money ($1.4 billion of it) comes not from her singing career, but from her 50 per cent stake in her acclaimed cosmetics line Fenty Beauty – a joint venture with French luxury goods conglomerate LVMH – which is now worth $2.8 billion in total.

Rihanna has a reported $270 million stake in her hugely successful Savage X Fenty lingerie line, that amount, combined with the profit she has made from her recording career as a chart-topping singer and actress, make up for the hitmaker’s massive wealth. 

Barbados-born Rihanna was discovered in 2003 in her home country by American record producer Evan Rogers, who sent her demo to Def Jam Recordings.

Def Jam’s president Jay-Z, heard her tape and was said to have instantly fell in love with it, he invited her to come in and perform and instantly fell in love with it, and the rest is history.

Over the years, Rihanna has went on to become one of the best-selling music artists of all time – having currently sold more than 250 million records worldwide for her hits like “Don’t Stop The Music”, “S.O.S”. “Umbrella”, “Unfaithful”, “Good Girl Gone Bad”, and “Pon de Replay“, and others in her discography.

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A Short Conversation About ‘Snitching’ Led To The Murder Of Nipsey Hussle -Prosecutor

the woman who has accused singer Chris Brown of drugging and raping her on a yacht in late December 2020. In text messages between Brown and the accuser which was exclusively obtained by Radar, Jane Doe, the woman is seen courting Brown in lewd language and bare-naked selfies almost immediately after the alleged rape took place.

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A Los Angeles prosecutor on Wednesday told jurors that a conversation between Hussle and fellow gang member Eric R. Holder, was a catalyst in the rappers shooting. AP reported that the prosecutor told jurors that pre-mediated the rapper’s 2019 killing after a short conversation between the two men regarding accusations of “snitching.”

The highly-publicized trial kicked off this week with opening arguments on Wednesday following nearly two weeks of jury selection and a pandemic-related delay.

Holder, 32, faces one count of first-degree murder and two counts of attempted first-degree murder in the shooting that left Hussle dead and two other men injured. Holder faces possible life in prison if convicted.

Deputy District Attorney John McKinney used his opening statement on Wednesday to describe the sequence of events that led to Hussle’s May 2019 death outside his clothing store in South Los Angeles, according to news reports.

Hussle, a South LA native who was born Ermias Asghedom, was using his notoriety to help revitalize his community at the time of his death. Prosecutors said Hussle and Holder grew up in the same neighborhood and knew each other from both being members of the same gang, the Rollin’ 60s.

McKinney told jurors that prior to the shooting, the two men had a brief, chance conversation in which Hussle told Holder there were rumors that the latter was a “snitch” and he should “clear that up,” according to The AP. The district attorney described the short discussion as a “cool conversation” in which Hussle told Holder that he’d heard Holder was talking to police about members of the Rollin’ 60s.

The allegation, McKinney said, “moved Eric Holder to a point of wanting to return to the parking lot and kill Nipsey Hussle,” according to The AP.

Minutes later, Holder returned to the same parking lot with two guns and fired multiple shots at Hussle, prosecutors allege. The rapper was hit 11 times and two other men were also struck, according to officials. Police arrested Holder two days later following a manhunt and a grand jury indicted Holder two months after his capture.

Nipsey Hussle
Nipsey Hussle.AP Photo/Marcio Jose Sanchez

McKinney on Wednesday said there was “no doubt” that Holder planned to kill Hussle ahead of the shooting, The AP reported.

“He clearly thought about what he was going to do before he did it,” McKinney said in court.

Jurors on Wednesday were shown video of the aftermath of the shooting in which multiple people tried to resuscitate Hussle, the outlet reported. McKinney also showed the courtroom photos and video of the shooting, with Holder running away afterward in a red shirt and bandana with a semiautomatic gun and revolver in hand, according to The AP.

Several eyewitnesses who knew both Hussle and Holder have previously told police and a grand jury that Holder approached Hussle and fatally shot him. Hussle was 33 at the time of his death and left behind a young son and daughter.

The defendant’s attorney, Aaron Jansen, plans to argue that Hussle’s killing was not premeditated. The lawyer has also said that the other two men injured in the shooting were not intended targets, making the attempted murder charges excessive. The AP reported that the attorney is likely to emphasize Holder’s mental health issues as well.

The Grammy-award-winning rapper’s death prompted mass displays of mourning in Los Angeles and across the world, with several athletes, musicians and politicians memorializing Hussle. 

The trial is expected to last about two more weeks, according to The AP.

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A Short Conversation About ‘Snitching’ Led To The Murder Of Nipsey Hussle -Prosecutor

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A Los Angeles prosecutor on Wednesday told jurors that a conversation between Hussle and fellow gang member Eric R. Holder, was a catalyst in the rappers shooting. AP reported that the prosecutor told jurors that pre-mediated the rapper’s 2019 killing after a short conversation between the two men regarding accusations of “snitching.”

The highly-publicized trial kicked off this week with opening arguments on Wednesday following nearly two weeks of jury selection and a pandemic-related delay.

Holder, 32, faces one count of first-degree murder and two counts of attempted first-degree murder in the shooting that left Hussle dead and two other men injured. Holder faces possible life in prison if convicted.

Deputy District Attorney John McKinney used his opening statement on Wednesday to describe the sequence of events that led to Hussle’s May 2019 death outside his clothing store in South Los Angeles, according to news reports.

Hussle, a South LA native who was born Ermias Asghedom, was using his notoriety to help revitalize his community at the time of his death. Prosecutors said Hussle and Holder grew up in the same neighborhood and knew each other from both being members of the same gang, the Rollin’ 60s.

McKinney told jurors that prior to the shooting, the two men had a brief, chance conversation in which Hussle told Holder there were rumors that the latter was a “snitch” and he should “clear that up,” according to The AP. The district attorney described the short discussion as a “cool conversation” in which Hussle told Holder that he’d heard Holder was talking to police about members of the Rollin’ 60s.

The allegation, McKinney said, “moved Eric Holder to a point of wanting to return to the parking lot and kill Nipsey Hussle,” according to The AP.

Minutes later, Holder returned to the same parking lot with two guns and fired multiple shots at Hussle, prosecutors allege. The rapper was hit 11 times and two other men were also struck, according to officials. Police arrested Holder two days later following a manhunt and a grand jury indicted Holder two months after his capture.

Nipsey Hussle
Nipsey Hussle.AP Photo/Marcio Jose Sanchez

McKinney on Wednesday said there was “no doubt” that Holder planned to kill Hussle ahead of the shooting, The AP reported.

“He clearly thought about what he was going to do before he did it,” McKinney said in court.

Jurors on Wednesday were shown video of the aftermath of the shooting in which multiple people tried to resuscitate Hussle, the outlet reported. McKinney also showed the courtroom photos and video of the shooting, with Holder running away afterward in a red shirt and bandana with a semiautomatic gun and revolver in hand, according to The AP.

Several eyewitnesses who knew both Hussle and Holder have previously told police and a grand jury that Holder approached Hussle and fatally shot him. Hussle was 33 at the time of his death and left behind a young son and daughter.

The defendant’s attorney, Aaron Jansen, plans to argue that Hussle’s killing was not premeditated. The lawyer has also said that the other two men injured in the shooting were not intended targets, making the attempted murder charges excessive. The AP reported that the attorney is likely to emphasize Holder’s mental health issues as well.

The Grammy-award-winning rapper’s death prompted mass displays of mourning in Los Angeles and across the world, with several athletes, musicians and politicians memorializing Hussle. 

The trial is expected to last about two more weeks, according to The AP.

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Los Angeles District Attorney Will Not File Felony Charges Against The Man Who Attacked Dave Chappelle At Comedy Show

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Comedian Dave Chappelle’ lawyer says the comedian is unhappy with Los Angeles County District Attorney George Gascón’s decision not to file felony charges against the man who allegedly attacked him on stage.

“It’s a travesty of justice that Gascón is refusing to prosecute this case as a felony,” Gabriel Colwell told the New York Post on Friday. “The city attorney, who filed the case, is doing his job but DA Gascón should also do his job and charge this as a felony.

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Bloodstone

Bloodstone’s other hits include “Never Let You Go”, “Outside Woman” and “My Little Lady”. Bloodstone was instrumental in the “black rock” and funk movement of the 1970s, and even play

“… Entertainers in LA need to know this is a justice system that will protect them. There is no question here that when someone is violently assaulted by another in possession of a deadly weapon that it should be charged as a felony.”

Colwell echoed those comments to Rolling Stone magazine, telling the publication: “This is what Mr. Chappelle wants. Mr. Chappelle wants this case charged as a felony. … Ten thousand people saw Dave Chappelle assaulted on stage at the Hollywood Bowl last Tuesday night, and the assailant had a deadly weapon on him. The fact that this isn’t charged as a felony case by the DA is insane.”

Isaiah Lee, 23, was charged Thursday by the Los Angeles City Attorney’s Office with single misdemeanor charge of battery, possession of a weapon with intent to assault, unauthorized access to the stage area during a performance and commission of an act that delays an event or interferes with a performer. He appeared in court Tuesday for a bail review hearing during which bail remained set at $30,000.

Lee is due back in court May 20 after pleading not guilty to the four misdemeanor counts.

Earlier Thursday, the Los Angeles County District Attorney’s Office announced that it would not file any felony charges against Lee.

“After reviewing the evidence, prosecutors determined that while criminal conduct occurred, the evidence as presented did not constitute felony conduct,” according to a statement from the District Attorney’s Office.

The office opted to refer the case to the City Attorney’s Office, which handles misdemeanor prosecutions.


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Los Angeles District Attorney Will Not File Felony Charges Against The Man Who Attacked Dave Chappelle At Comedy Show

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Comedian Dave Chappelle’ lawyer says the comedian is unhappy with Los Angeles County District Attorney George Gascón’s decision not to file felony charges against the man who allegedly attacked him on stage.

“It’s a travesty of justice that Gascón is refusing to prosecute this case as a felony,” Gabriel Colwell told the New York Post on Friday. “The city attorney, who filed the case, is doing his job but DA Gascón should also do his job and charge this as a felony.

article continues below

Bloodstone

Bloodstone’s other hits include “Never Let You Go”, “Outside Woman” and “My Little Lady”. Bloodstone was instrumental in the “black rock” and funk movement of the 1970s, and even play

“… Entertainers in LA need to know this is a justice system that will protect them. There is no question here that when someone is violently assaulted by another in possession of a deadly weapon that it should be charged as a felony.”

Colwell echoed those comments to Rolling Stone magazine, telling the publication: “This is what Mr. Chappelle wants. Mr. Chappelle wants this case charged as a felony. … Ten thousand people saw Dave Chappelle assaulted on stage at the Hollywood Bowl last Tuesday night, and the assailant had a deadly weapon on him. The fact that this isn’t charged as a felony case by the DA is insane.”

Isaiah Lee, 23, was charged Thursday by the Los Angeles City Attorney’s Office with single misdemeanor charge of battery, possession of a weapon with intent to assault, unauthorized access to the stage area during a performance and commission of an act that delays an event or interferes with a performer. He appeared in court Tuesday for a bail review hearing during which bail remained set at $30,000.

Lee is due back in court May 20 after pleading not guilty to the four misdemeanor counts.

Earlier Thursday, the Los Angeles County District Attorney’s Office announced that it would not file any felony charges against Lee.

“After reviewing the evidence, prosecutors determined that while criminal conduct occurred, the evidence as presented did not constitute felony conduct,” according to a statement from the District Attorney’s Office.

The office opted to refer the case to the City Attorney’s Office, which handles misdemeanor prosecutions.


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​Hip-Hop’s Queen Latifah Breaks Ground On Community-Driven Real Estate Project In Newark

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KbakercoMedia

Queen Latifah returned home to Newark on Tuesday, warmly welcomed by fans, family and public officials at a groundbreaking ceremony for a mixed-use project she is partnering with local developers to build on a block with a troubled past.

“I was born here, St. Michael’s Hospital, so this is definitely my home,” said Latifah, 52, who spent some of her early years in neighboring East Orange and Irvington. But getting back to Newark, she added, “This is where Sarah Vaughn is from, so I’m proud to be from here.”

Latifah, an award-winning rapper, singer, and actor who stars in “The Equalizer” on CBS, appeared before a crowd of about 150 people gathered at the site of the RISE mixed-use project between Springfield and 19th Avenues, west of 16th Street, near the boundary of Central and West wards.

The project will include 60 two- and three-bedroom market-rate apartments in four townhouse clusters, and 16 affordable units in a separate building. It will also have space for healthcare or other professional offices and nonprofit organizations.

Rent for the market-rate units will start at around $1,800 a month, said officials of GonSosa Development, the company headed by Alberto and Yacinda Goncalves and Ricardo Sosa that is partnering with Latifah’s development company, Blue Sugar, on the project. Blue Sugar’s CEO is her longtime friend and fellow Newarker Tammy Hammond.

Construction began this winter on the first phase of the project, a dozen market-rate apartments in a three-story building designed to look like a townhouse cluster, which is expected to be completed this summer. Additional phases will be finished gradually, including the affordable units sometime in 2023, with the entire project done by early 2024.

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