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Netflix Buys Kanye West Documentary for $30M

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American music superstar, Kanye West, has allowed cameras to capture his life for over two decades and now the rapper has reportedly sold a documentary to Netflix for $30 million.

According to a report in Billboard, the music mogul turned fashion designer wants it to be a multi-part documentary and the directors are Clarence “Coodie” Simmons and Chike Ozah aka Coodie & Chike, who helmed West’s music videos for “Through the Wire” and “Jesus Walks.”

A source told the outlet that Simmons has been working with West since the ’90s, capturing behind-the-scenes footage and chronicling his rise to superstardom.

The documentary will reportedly detail “the rapper and producer’s rise to success and fame’s impact on him as well hip-hop’s impact on popular culture and the world’s evolving relationship with celebrity.”

The project will also address personal matters such as the death of West’s mother, Donda.

“While West is not creatively involved in the production, a second source says he essentially has given his support by allowing himself to be filmed by Coodie & Chike for 21 years,” the source added.

It’s reported that the project will debut sometime in 2022 on the streaming service.

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Alakija Drops Out Of 2021 Forbes List Of Billionaires

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Nigeria now has only three billionaires on 2021 Forbes list of world billionaires, with the dropping off of Executive Vice Chairman of Famfa Oil Limited, Folorunso Alakija.

This is the second time in a row she is dropping off the list.

Released on Tuesday, the new list has Aliko Dangote, chairman of Dangote group; Mike Adenuga, chairman of Globacom; and Abulsamad Rabiu, chairman of BUA group.

In 2019, Alakija made the Forbes list of world billionaires and was ranked 1941 in a list of 2,153 billionaires; with a net worth of $1.1 billion. The oil tycoon dropped off the global billionaires’ list in 2020, although she still emerged as 20th richest African billionaire in 2020.

Forbes said Alakija’s fortune dropped below $1 billion due to lower oil prices because she is mainly into oil exploration.

Dangote retained the top spot of Africa’s richest person with a net worth of $11.5 billion, making him the 191st wealthiest person in the world.

He owns 85% of publicly-traded Dangote Cement through a holding company, and has shares in publicly-traded salt and sugar manufacturing companies.

Adenuga, Nigeria’s second richest man, was ranked 440th richest in the world with a net worth of $6.1 billion, up from $5.6bn in 2020.

Rabiu emerged as 574th richest person in the world with an estimated fortune of $4.9 billion. He also maintains the position of sixth wealthiest person in Africa.

Despite the worldwide economic impact of the coronavirus outbreak, Forbes said an additional 660 individuals were added to its 2021 billionaires list.

“It’s been a year like no other, and we aren’t talking about the pandemic. There were rapid-fire public offerings, surging cryptocurrencies and skyrocketing stock prices,” Forbes said.

“The number of billionaires on Forbes’ 35th annual list of the world’s wealthiest exploded to an unprecedented 2,755 — 660 more than a year ago.

“Of those, a record high 493 were new to the list–roughly one every 17 hours, including 210 from China and Hong Kong. Another 250 who’d fallen off in the past came roaring back. A staggering 86% are richer than a year ago.”

Jeff Bezos, CEO of Amazon, remains the world’s richest man for the fourth straight year with an estimated worth of $177 billion, followed by Elon Musk, CEO of Tesla in second place with $151 billion.

Altogether, the 2,755 billionaires on Forbes list are worth $13.1 trillion, up from $8 trillion in 2020.

The United States of America has the highest number of 724 billionaires, followed by China (including Hong Kong and Macao) with 698.

Forbes said it used stock prices and exchange rates from March 5 to calculate net worth.

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