TheNewsGuru

Tag: Forbes

  • Okonjo-Iweala, Burna Boy, Omotola, among Forbes Africa’s 100 innovation, icons’ list

    Okonjo-Iweala, Burna Boy, Omotola, among Forbes Africa’s 100 innovation, icons’ list

    The Director General of the World Trade Organization, Dr Ngozi Okonjo-Iweala, Omotola Ekeinde, Burna Boy, were among those that made the Forbes Africa’s “100 Innovations, Inventions and Icons from Africa list”.

    The globali media company and American business magazine, Forbes also named Chimamanda Adichie, Davido, Wizkid, Olugbenga Agboola, and Mr Eazi, among those that made the list.

    Forbes focuses most times on listing and ranking on areas like business, investing, technology, entrepreneurship, leadership and marketing.

    The magazine on its official Twitter account @Forbesafrica said the recently recognized 100 innovations, inventions and icons across various industries was a way of celebrating the creativity of the African mind.

    “This also include the award-winning ideas that had defined the African continent and influential role models that have spelt Africa’s growth over the last decade.

    Reacting on the inclusion, Ekeinde took to her official Twitter account @Realomosexy on Tuesday to expressed gratitude to the Forbes.

    She wrote, “Thanks @Forbesafrica for the inclusion in the 100th issue of Africa’s icon personalities.

    Okonjo-Iweala is a Nigerian-American economist and international development expert who has served since March as Director-General of WTO and the first woman and the first African to hold the office.

  • Why Kanye West is not America’s richest black person

    Why Kanye West is not America’s richest black person

    The global media company and American business magazine, Forbes has frowned at reports that American rapper, Kanye West is the richest black American.

    Forbes focuses majorly on listing and ranking in areas like business, investment, technology, entrepreneurship, leadership and marketing.

    The magazine took to its official Twitter account @forbes on Friday, and tweeted: “No, Kanye West is not the richest black American. On Wednesday, multiple outlets reported that Kanye West is the richest black person in America, worth as much as 6.6 billion dollars’’.

    The news comes after Bloomberg reported that his sneaker brand, Yeezy as well as Yeezy Gap, which had yet to sell one stitch of clothing have a combined value of as much as 4.7 billion dollars.

    “The publication mentioned without going into full details an additional 1.7 billion dollars in assets and it is not true, based on our calculations.

    “Forbes estimates he is worth less than a third of that, or 1.8 billion dollars. That’s a big jump from last May when Forbes first pegged his net worth to be 1.3 billion dollars, but nowhere near as much as the purported 6.6 billion dollars,’’ Forbes said.

    The magazine noted that Vista Equity’s Robert F. Smith remains the richest black person in the U.S. with an estimated worth of 6 billion dollars.

    It also said that Aliko Dangote of Nigeria with 11.8 billion dollars’ worth was the richest black person in the world.

    “The sky-high estimate is the latest of West’s attempts to inflate his net worth in the past, he said that Forbes was purposely snubbing me.”

    “In actuality, it is nothing personal. The Bloomberg story cites a UBS report on his businesses, the same document Forbes saw earlier this month.

    “The bank made a number of assumptions based on projected future earnings, particularly for Yeezy Gap, which hasn’t even been inaugurated yet.

    “Bank documents like this are well-known for painting best-possible-scenario future valuations.’’

    West had been influential in the 21st-century development of mainstream hip hop and popular music.

    He was first known as a producer for Roc-A-Fella Records in the early 2000s, producing singles for several mainstream artists before he joined a solo career as a rapper.

    West released his debut album: “The College Dropout’’ in 2004 to critical and commercial success.

    He founded the record label GOOD Music and had released different songs.

  • Kanye West not US’ richest black man-Forbes

    Kanye West not US’ richest black man-Forbes

    Renowned business publication, Forbes magazine has debunked claims that Kanye West is now the richest black man in the United States with an estimated net worth of $6.6 billion.

    TheNewsGuru recalls that there were speculations on Wednesday that Yeezy, Kanye West’s sneaker business, as well as Yeezy Gap, are now valued at $4.7 billion while his assets are estimated at $1.7 billion.

    The speculated reports which were based on documents cited by Bloomberg also said that the musician is now the richest black man in US history.

    However in a blog post on Thursday, Forbes said the “reports that the celebrity is worth nearly $7 billion are based on the magical thinking around sales that don’t exist yet.”

    The business magazine also revealed that its calculations showed that the ‘Ye’ singer is worth “less than one-third of the $6.6 billion or $1.8 billion.”

    “It’s not true, based on our calculations. Forbes estimates he’s worth less than a third of that, or $1.8 billion. That’s a big jump from last May when Forbes first pegged his net worth to be $1.3 billion, but nowhere near as much as the purported $6.6 billion,” it said.

    Forbes said Robert Smith, the chief executive officer (CEO) of Vista Equity, is currently the richest black man in the US with an estimated net worth of $6 billion.

    It then stated that Aliko Dangote, Nigerian entrepreneur, is the richest black man in the world with an estimated $11.8 billion net worth.

    “Vista Equity’s Robert F. Smith remains the richest black person in the U.S., worth an estimated $6 billion, while Aliko Dangote of Nigeria, worth $11.8 billion, is the richest Black person in the world,” it wrote.

    “The sky high estimate is the latest of West’s attempts to inflate his net worth—in the past he’s said that Forbes was ‘purposely snubbing me.”

    Forbes said Bloomberg’s previous report was based on bank booklets which are known for “painting best-possible-scenario future valuations.”

     

  • BREAKING: Okonjo-Iweala wins Forbes’ Africa Person of the Year 2020

    BREAKING: Okonjo-Iweala wins Forbes’ Africa Person of the Year 2020

    Former Minster of Finance, Okonjo-Iweala and a leading candidate for the office of the Director-General. World Trade Organisation has been voted Africa Person of the Year by Forbes magazine.

    Among other prominent Nigerians who have won this prestigious award include, former governor of the central bank of Nigeria, Sanusi Lamido; President of the African Development Bank (AfDB), Akinwunmi Adesina, Nigerian billionaire, Aliko Dangote.

    The award is coming weeks after the Chair of the General Council of the World Trade Organization, Dr David Walker and Facilitators of the process for the Appointment of Directors-General formally submitted her name as the WTO DG designate – the candidate who has garnered the most support to head the organization.

    It will be recalled that Dr Okonjo-Iweala emerged the overwhelming choice of WTO member-countries following a keenly contested race in which she got the majority support of the 164 member countries.

    The Forbes Africa-CNBC award is the latest honour clinched by the multi award winning development economist, one of the African Union (AU) Special Envoys appointed to mobilize international support for Africa’s efforts to address the COVID-19 economic fallout.

    She is also the World Health Organisation (WHO) Special Envoy for the newly inaugurated Access to COVID-19 Tools (ACT) accelerator and its offshoot the COVAX facility, an international collaboration aimed at accelerating the development, production, and equitable distribution of COVID-19 vaccines, drugs and tests kits around the world with the specific objective of ensuring timely, affordable and equitable access to poor countries.

    Okonjo-Iweala also serves as the Chair of the Board of Gavi, the Vaccine Alliance, a public-private global health partnership that has immunised 760 million children in developing countries and saved 13 million lives.

    Reacting to the news, Okonjo-Iweala, who is known for her humility and humanity, expressed her delight at the recognition and dedicated the award to Africans facing the health and socio-economic challenges of Covid-19 during a very difficult year.

    “It is a great honour to serve Africa in different capacities” said Okonjo-Iweala. “I look forward to deploying my energies at the WTO for Africa and the world”.

    Okonjo-Iweala has received numerous recognitions and awards. Dr. Okonjo-Iweala has been listed as one of the 50 Greatest World Leaders (Fortune, 2015), the Top 100 Most Influential People in the World (TIME, 2014), the Top 100 Global Thinkers (Foreign Policy, 2011 and 2012), the Top 100 Most Powerful Women in the World (Forbes, 2011, 2012, 2013 and 2014), the Top 3 Most Powerful Women in Africa (Forbes, 2012), the Top 10 Most Influential Women in Africa (Forbes, 2011), the Top 100 Women in the World (The Guardian, 2011), the Top 150 Women in the World (Newsweek, 2011), the Top 100 most inspiring people in the World Delivering for Girls and Women (Women Deliver, 2011). She received the Women’s Economic Empowerment Award from WEConnect International (2017) and was listed among 73 “brilliant” business influencers in the world by Condé Nast International.

    Details soon

  • Lionel Messi named highest-earning footballer [See list]

    Lionel Messi named highest-earning footballer [See list]

    Barcelona forward Lionel Messi has topped the Forbes list for highest-earning footballers in 2020.

    Forbes estimated Messi’s yearly earnings at $126m (£97.2m) with Juventus’ Cristiano Ronaldo second on $117m (£90.3m).

    Neymar was in third with Paris St-Germain team-mate Kylian Mbappe fourth.

    Three Premier League players – Mohamed Salah, Paul Pogba and David de Gea – made the top 10, as did Real Madrid and Wales forward Gareth Bale.

    Welshman Bale came eighth in the list at $29m (£22.4m) despite a disappointing 2019-20 season, on a personal level, which saw him fall out with Real boss Zinedine Zidane and only feature in two of his club’s last 14 matches of the campaign.

    Liverpool forward Salah was fifth, ahead of Manchester United midfielder Pogba in sixth, with United goalkeeper De Gea in 10th.

    Barcelona forward Antoine Griezmann was seventh and Bayern Munich striker Robert Lewandowski was ninth.

    The top three were in the same order as in 2019, although Mbappe rose three places from seventh to fourth.

    Argentine Messi, 33, tried to leave Barcelona this summer and submitted a transfer request in August, but decided to stay because no club would be able to afford his release clause.

    Forbes list of highest earning footballers

    1. Lionel Messi (Barcelona and Argentina) $126m (£97.2m)
    2. Cristiano Ronaldo (Juventus and Portugal) $117m (£90.3m)
    3. Neymar (Paris St-Germain and Brazil) $96m (£74.1m)
    4. Kylian Mbappe (Paris St-Germain and France) $42m (£32.4m)
    5. Mohamed Salah (Liverpool and Egypt) $37m (£28.5m)
    6. Paul Pogba (Manchester United and France) $34m (£26.2m)
    7. Antoine Griezmann (Barcelona and France) $33m (£25.5m)
    8. Gareth Bale (Real Madrid and Wales) $29m (£22.4m)
    9. Robert Lewandowski (Bayern Munich and Poland) $28m (£21.6m)
    10. David de Gea (Manchester United and Spain) £27m (£20.8m)

     

    BBC

  • [Full List] Forbes releases 100 Highest paid celebrities of 2020; Kylie Jenner, Kanye West, Roger Federer top list

    [Full List] Forbes releases 100 Highest paid celebrities of 2020; Kylie Jenner, Kanye West, Roger Federer top list

    Forbes has released its annual list of highest-paid celebrities and for 2020 with beauty mogul Kylie Jenner sitting pretty atop the list with $590 million.

    Jenner’s payday came from selling a 51% stake ​in her cosmetics firm to Coty in January.

    Her brother-in-law, rapper Kanye West ranks second on the list with $170 million thanks to a majority of his ​earnings from his Yeezy sneakers deal with Adidas.

    Sports star Roger Federer closes the top three with $106.3 million. This makes him the first tennis player to earn the top spot among athletes on the list.

    Cristiano Ronaldo who claimed the 4th spot with $105 million became the first team player to earn $1 billion during his career.

    See the full list below:

    1. Kylie Jenner – $590m

    2. Kanye West – $170m

    3. Roger Federer – $106.3m

    4. Cristiano Ronaldo – $105m

    5. Lionel Messi – $104m

    6. Tyler Perry – $97m

    7. Neymar – $95.5m

    8. Howard Stern – $90m

    9. LeBron James – $88.2m

    10. Dwayne Johnson – $87.5m

    11. Rush Limbaugh – $85m

    12. Ellen DeGeneres – $84m

    13. Bill Simmons – $82.5m

    14. Elton John – $81m

    15. James Patterson – $80m

    16. Stephen Curry – $74.4m

    17. Ariana Grande – $72m

    18. Ryan Reynolds – $71.5m

    19. Gordon Ramsay – $70m

    20. Jonas Brothers – $68.5m

    21. The Chainsmokers – $68m

    22. Dr Phil McGraw – $65.5m

    23. Ed Sheeran – $64m

    24. Kevin Durant – $63.9m

    25. Taylor Swift – $63.5m

    26. Tiger Woods – $62.3m

    27. Kirk Cousins – $60.5m

    28. Post Malone – $60m

    28. JK Rowling – $60m

    28. Ryan Seacrest – $60m

    31. Carson Wentz – $59.1m

    32. Rolling Stones – $59m

    33. Mark Wahlberg – $58m

    34. Tyson Fury – $57m

    35. Marshmello – $56m

    35. Russell Westbrook – $56m

    37. Ben Affleck – $55m

    37. Sean Combs – $55m

    39. Shawn Mendes – $54.5m

    40. Vin Diesel – $54m

    40. Lewis Hamilton – $54m

    42. Jay-Z – $53.5m

    43. Billie Eilish – $53m

    44. Rory McIlroy – $52m

    45. Simon Cowell – $51m

    45. Jerry Seinfeld – $51m

    47. BTS – $50m

    48. Kim Kardashian West – $49.5m

    49. Drake – $49m

    49. Jared Goff – $49m

    49. Judy Sheindlin – $49m

    52. Akshay Kumar – $48.5m

    53. Conor McGregor – $48m

    54. James Harden – $47.8m

    55. Giannis Antetokounmpo – $47.6m

    56. Jennifer Lopez – $47.5m

    57. Anthony Joshua – $47m

    57. Pink – $47m

    59. Deontay Wilder – $46.5m

    60. David Copperfield – $46m

    60. Rihanna – $46m

    62. Luke Bryan – $45.5m

    62. Lin-Manuel Miranda – $45.5m

    64. Backstreet Boys – $45m

    64. Tom Brady – $45m

    64. Phil Collins – $45m

    67. Drew Brees – $44.8m

    68. Novak Djokovic – $44.6m

    69. Will Smith – $44.5m

    70. Blake Shelton – $43.5m

    71. Sean Hannity – $43m

    71. Sofía Vergara – $43m

    73. Celine Dion – $42m

    74. Kyrie Irving – $41.9m

    75. The Eagles – $41m

    75. Adam Sandler – $41m

    77. Phil Mickelson – $40.8m

    78. Julio Jones – $40.5m

    78. Metallica – $40.5m

    80. Jackie Chan – $40m

    80. Rafael Nadal – $40m

    82. Heidi Klum – $39.5m

    82. Travis Scott – $39.5m

    84. Kevin Hart – $39m

    85. Klay Thompson – $38.8m

    86. Katy Perry – $38.5m

    87. Lady Gaga – $38m

    87. Bon Jovi – $38m

    87. U2 – $38m

    90. Naomi Osaka – $37.4m

    91. Canelo Alvarez – $37m

    91. Damian Lillard – $37m

    91. Paul McCartney – $37m

    91. Oprah Winfrey – $37m

    95. DJ Khaled – $36.5m

    95. Kiss – $36.5m

    97. Sebastian Vettel – $36.3m

    98. Serena Williams – $36m

    99. Angelina Jolie – $35.5m

    100. Mohamed Salah – $35.1m

  • ‘I thought Forbes was reputable’: Kylie Jenner breaks silence on being labelled fake billionaire

    ‘I thought Forbes was reputable’: Kylie Jenner breaks silence on being labelled fake billionaire

    Kylie Jenner has dismissed a report by Forbes that accused her and her family of inflating her financial worth and forging tax returns.

    The bombshell report by Forbes said that Kylie is no longer a billionaire and she had lied all these years.

    The publication that ranks rich people worldwide claimed Kylie Cosmetics was overvalued.

    It said the $324m pocketed by Kylie in January from a 51 percent sale to Coty, showed the entrepreneur had exaggerated her worth.

    It now put her net worth at $900 million.

    Apparently unaware of the report, Kylie said she woke up to read a ” number of inaccurate statements and unproven assumptions”, made by Forbes.

    She also denied lying to be classified a billionaire.

    ” I’ve never asked for any title or tried to lie my way there EVER. period”.

    The Lip Kit creator then gave it back to Forbes, saying she thought it was a ‘reputable site”.

    She challenged Forbes to prove its accusation.

    “Even creating tax returns that were likely forged” that’s your proof? so you just THOUGHT they were forged?”

    And she then went on to say she had other things on her plate than to get worried by the Forbes article.

    “I am blessed beyond my years. I have a beautiful daughter, and a successful business and I’m doing perfectly fine. I can name a list of 100 things more important right now than fixating on how much money I have”, she tweeted.

    Kylie was named the world’s youngest billionaire both in 2019 and 2020 by Forbes.

  • COVID-19 knocks Messi off as world’s highest-paid athlete

    COVID-19 knocks Messi off as world’s highest-paid athlete

    Roger Federer is the world’s highest-paid athlete for 2020 as the COVID-19 pandemic knocked football’s Lionel Messi off top spot, according to the annual Forbes list released on Friday.

    The Swiss tennis great, owner of a men’s record 20 Grand Slam singles titles, earned 106.3 million dollars in the last 12 months, including 100 million dollars via endorsements.

    This helped him to move up four places and become the first player from his sport to top the list.

    Football players Cristiano Ronaldo (105 million dollars), Messi (104 million dollars) and Neymar (95.5 million dollars) and American basketball player LeBron James (88.2 million dollars) rounded out the top five.

    “The coronavirus pandemic triggered salary cuts for football stars Messi and Ronaldo. It cleared the way for a tennis player to rank as the world’s highest paid athlete for the first time,” said Kurt Badenhausen, senior editor at Forbes.

    “Roger Federer is the perfect pitchman for companies, resulting in an unparalleled endorsement portfolio of blue-chip brands worth 100 million dollars a year for the tennis great.”

    Japan’s Naomi Osaka (37.4 million dollars), who was ranked 29th on the list, surpassed fellow tennis player Serena Williams (36 million dollars) as the world’s highest-earning female athlete.

    Osaka and Williams were the only women on the list.

    Basketball players led all sports with 35 players among the top 100.

    American football occupied 31 spots, none higher than six-times Super Bowl champion Tom Brady (45 million dollars) who was ranked 25th.

    Football was the next most represented sport with 14 players, followed by tennis (six), boxing and mixed marital arts (five), golf (four), motor racing (three), and baseball and cricket with one each.

  • Forbes officially recognises Kanye West as billionaire

    Forbes officially recognises Kanye West as billionaire

    American rapper and business mogul, Kanye West has now been named a Billionaire by Forbes, making him the second American rapper to reach that status after Jay-Z.

    According to Forbes, Kanye West’s brand, Yeezy, which he owns in its’ entirety and falls under the Adidas umbrella, helped push him over the $1 billion mark.

    The publication said they dissected the Chicago rapper’s success with Yeezy, while also sharing how they tabulated Kanye’s net worth.

    Nonetheless, a decent portion of Kanye’s net worth can be attributed to his royalty agreement with Adidas.

    West receives a “royalty around 15% of Yeezy revenue from Adidas. Meanwhile, Kanye West’s team provided a statement of the rapper’s assets, which were listed as $17 million in cash, $35 million in stocks, $81 million in “buildings and improvements,” $21 million in land, as well as his G.O.O.D. label and publishing rights, which is said to be worth at least $90 million. There were also a sizable deduction for $100 million worth of debts, which included mortgages and advances.

    Forbes puts Kanye’s estimated net worth at $1.3 billion.

    But Kanye reportedly disagreed with Forbes. “It’s not a billion,” he allegedly texted the reporters, “It’s $3.3 billion since no one at Forbes knows how to count.”

    West in an exclusive interview with GQ magazine, had alluded to his discomfort with the Left’s hate for billionaires.

    He claims being shamed or not being allowed to be a billionaire is not freedom.

    “I remember when I became a billionaire I was told not to say out loud that I was a billionaire. What? What is the point of being a billionaire if you can’t even say it out loud? We’re not completely free yet,” West said.

  • Kanye West becomes richest rap artiste 2019 – Forbes

    Kanye West becomes richest rap artiste 2019 – Forbes

    American rapper and fashion designer, Kanye West has been named the highest-paid hip-hop act in the world, earning 150 million dollars in a year.

    According to Forbes, Kanye West top the 2019 list, edging out JAY-Z who earned 81 million dollars and Drake who made 71 million dollars, to stand at second and third positions respectively on the list of top 20.

    JAY-Z has always been one of the top earners in hip-hop, but for the first time ever he has lost out to Kanye West,his former protégé.

    The top ten consists entirely of male hip-hop artists, as Eminem, DJ Khaled, Kendrick Lamar, Migos, and Childish Gambino round out the rest of the list.

    The only female artists to make it into the top 20 are Nicki Minaj and Cardi B, who come in at the number 12 and 13 slots respectively.

    Nicki Minaj made 29 million dollars earnings, and Cardi B, the youngest to make the list at 26, raked in 28 million dollars in earnings.

    In 2018, Kanye West stood at number 10 on the list with 27.5 million dollars, while Jay came in at number one with 76.5 million.

    It’s a huge surge for Kanye, as his partnership with Adidas is expected to pull in over 1.5 billion in sales in 2019.

    Check out the top 20 list below:
    1. Kanye West – $ 150 million
    2. Jay-Z – $ 81 million
    3. Drake – $ 75 million
    4. Diddy – $ 70 million
    5. Travis Scott – $ 58 million
    6. Eminem – $ 50 million
    7. DJ Khaled – $ 40 million
    8. Kendrick Lamar – $ 38.5 million
    9. Migos – $ 36 million
    10. Childish Gambino – $ 35 million
    11. J. Cole – $ 31 million
    12. Nicki Minaj – $ 29 million
    13. Cardi B – $ 28 million
    14. Swizz Beatz – $ 23 million
    15. Meek Mill – $ 21 million
    16. Birdman – $ 20 million
    17. Future – $ 19.5 million
    18. Nas – $ 19 million
    19. Wiz Khalifa – $ 18.5 million
    20. Pitbull – $ 18 million