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Rihanna Overtakes Kanye on Richest Musician List After His Partnership Deal With Adidas Ends

American rapper Kanye West has been overtaken by Rihanna on the richest musician list after Adidas terminated its partnership deal with him

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American rapper Kanye West has been overtaken by Rihanna on the richest musician list after Adidas terminated its partnership deal with him. The contract forms the biggest portion of West’s net worth.

Investors King reported that Adidas which signed a $1.5 billion partnership deal with West, had to terminate his contract due to the anti-semitic remarks he made earlier this month. 

Following the termination of its partnership deal with Kanye, the company said in a post “Adidas does not tolerate antisemitism and any other sort of hate speech. Ye’s recent comments and actions have been unacceptable, hateful, and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness.”

Kanye West’s net worth was estimated at $2 billion, with $1.5 billion coming from his partnership deal with Adidas.

Following Adidas’ decision to cut ties with him, this has seen Kanye’s net worth dropped to an estimated $400 million, which has seen him drop from the Forbes billionaires list.

With this development, U.S singer and Fenty Beauty founder Rihanna, who was second to Kanye in the richest musician list, with an estimated networth of $1.4 billion, takes over the number one spot ultimately making her both the richest female musician and the richest musician in the world as of 2022.

According to Forbes’s estimation, the bulk of Rihanna’s fortune came from the value of her Fenty Beauty Brand, which she has 50 percent ownership of. The company is reportedly worth $2.8 billion.

The Barbados born singer has so far made money from a variety of industries asides from Music, which include fashion, and beauty with several endorsement deals.

Rihanna has designed collections for top brands such as Armani and River Island. She has also had creative partnerships with MAC Cosmetics.

According to Vogue, her makeup line brought in $100 million in sales within the first 40 days of its launch. While in 2021, Forbes reported that Rihanna’s Savage X Fenty had reached a $1 billion valuation in the US women’s underwear sector.

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The Place Restaurant Opens New Outlet in Abuja

The Place Restaurant has expanded its presence in Abuja with a new outlet in the Central Business District (CBD)

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De Bull Restaurant

One of the leading Quick Service Restaurants (QSR) in Nigeria, The Place Restaurant has expanded its presence in Abuja with a new outlet in the Central Business District (CBD).

The new outlet which opened to customers yesterday, Monday 28 November will graciously serve people within and outside the CBD, Investors King learnt. 

According to a statement released by the restaurant, the new outlet is located at the newly constructed Tropic Galleria Mall beside the prestigious Grand Square. 

While speaking at the launch, Chief Operations Officer, Chinelo Umeugochukwu noted that The Place restaurant is a customer-oriented restaurant with its customers at the core of the company’s mission. 

Similarly, Chinelo added that every decision made is to cater to the needs and preferences of their customers.

“In line with our expansion goals for the year, we will be bringing a variety of healthy meals closer to our customers. We appreciate our customers for being loyal and for standing with us all through our years of operations,” she said. 

Additionally, the Chief Operating Officer noted that the quick service restaurant will continue to enhance its service delivery to its amazing customers with quality and healthy meals in a nice environment and hygienic place. 

Also speaking at the event, the company’s Head of Marketing, Susan Izenegu noted that the new outlet in the central business district makes it the company’s third outlet in Abuja and the 25th in Nigeria. 

She disclosed that the expansion is a result of the company’s hard work and dedication to serve its numerous customers with top-notch services. 

“We are excited to launch our 3rd outlet in Abuja and 25th outlet in Nigeria. This landmark is a result of our persistent journey that began over 15 years ago filled with hard work and commitment to our customers” she said. 

While she hinted that the company is set to open another outlet on Freedom way, Lekki, Lagos on Monday 19 December 2022, she noted that The Place restaurant will continue to deliver its promise of “making a variety of homemade meals available at an affordable price”. 

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Immigration Service Orders Passport Offices to Work on Saturday

Passport offices to work on Saturdays across the country amid the surge in demand

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Nigeria Immigration Service (NIS) has directed passport offices across the country to work on Saturday amid the surge in demand for international passports. 

The directive which was contained in a statement released yesterday by the Public Relations Officer, Mr. Tony Akuneme, noted that the directive is aimed to enable the Service to reduce the backlog occasioned by the 2020 and 2021 prolonged lockdown due to the COVID-19 pandemic.

“The CG has directed that passport offices across the country with a high volume of pending applications to work on Saturdays. (However), the Saturdays preceding the Christmas and New Year holidays are exempted.

“The period for this exercise is expected to be every Saturday commencing from December 3, 2022, to January 28, 2023, between the period of 10 am and 2 pm,” the statement partly read.

Investors King understands that Nigerians have been going through a long queue while trying to acquire an international passport. In some cases, it could take as long as four to six months.

This long queue has created room for racketeering. A standard passport which normally costs N26,000 is being done at the rate of N50,000. It could be as high as N70,000 to N100,000 in some cities such as Abuja and Lagos.

According to the statement, the Controller-General of the immigration service has also approved the deployment of the Passport Controller in Ekiti to Jigawa, while the one in Ondo was moved to NIS Zonal Office in Ibadan.

The CG added that he will hold passport officers accountable for any acts of indiscipline by officers under their watch.

Meanwhile, the Nigeria Immigration Service (NIS) has cautioned Nigerians on the dangers of irregular migration, so as not to waste their future. 

The CG who gave the advice disclosed that the service will intensify its efforts to sensitize Nigerians on the danger of irregular migration.

He noted that most of the victims are being brainwashed by travel agents who only care about making money from such trips. 

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MultiChoice Introduces Special World Cup Package on GOtv

The package named “Jolli YaQatar” was launched today and it comes with a new discount offer

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Multichoice Nigeria - Investors King

The mother brand of GOtv, MultiChoice has introduced a special world cup package for GOtv subscribers.

The package named “Jolli YaQatar” was launched today and it comes with a new discount offer, Investors King learnt. 

According to a statement released by MultiChoice, the decoder and one-month subscription which was previously N6,900 will now be available for N4,900.

“Starting from Saturday, November 26, customers can get a GOtv decoder at just N4,900 instead of N6,900,” the statement read.

Additionally, all matches of the FIFA World Cup are now available to GOtv customers on Supa, Max, and Jolli packages.

MultiChoice Nigeria’s Chief Executive Officer, John Ugbe, noted that the special package will enable more Nigerian families to enjoy the ongoing FIFA World Cup in Qatar. 

He added that the company has included more channels to capture all moments at the ongoing world cup in Qatar. 

“This special World Cup price offer will allow more Nigerians access to live matches and show-stopping moments at the ongoing FIFA World Cup. To further drive this, we have extended more World Cup dedicated channels to every customer,” he said.

GOtv is one of the most popular pay-per-view television service providers in Nigeria. 

Apart from being relatively affordable, it has a lot of exciting channels which include Africa Magic Urban, Honey, SuperSport, WWE, SuperSport channels, KIX, StarLife, Cartoon Network, ESPN, Zee World, TeleMundo, CNN International, Al Jazeera, Discovery Family, B4U Movies, TNT Africa.

Others include MTV Base, HIP TV,  M-Net Movies 4, ROK, Discovery ID, Nat Geo Wild, Da Vinci Kids, Disney Junior, Nickelodeon, Jim Jam, and a lot more.

In all, GOtv has over 80 exciting channels covering news both local and international, music, sports, documentaries, series, movies, and children’s programmes.

GOtv subscription begins from N1,900 a month on GOtv Jinja, to N2,800 for GOtv Jolli. GOtv Mass monthly subscription goes for N4,150 while the all-round package, GOtv Supa goes for N5,500. 

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