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Kanye West may very well be having the best week ever! According to Forbes, the rapper is now worth 1.3 Billion dollars, with a greater net worth more than other hip-hop moguls like Jay-Z and Diddy. His fortune in large part has been attributed to his fashion line, Yeezy, of which he owns 100% of; followed by his music, real estate, and stocks!

via Forbes

yeezy fashion line

Yeezy is a complicated asset. West owns 100% of it. But it’s functionally tied, at least for five-plus years based on the documents we saw, to Adidas, which produces, markets and distributes the shoes. There’s also a separate apparel division that we don’t believe makes money. Last year, our sources projected the shoes would finish 2019 with revenue north of $1.5 billion (Adidas would not comment then, or now)—per recent conversations and internal documents, we believe the final revenue number ended up closer to $1.3 billion.

Our sources told us last year that West’s agreement calls for him to receive a royalty around 15% of Yeezy revenue from Adidas. Upon closer inspection, it appears some expenses are carved out of that slice, bringing his actual cut closer to 11%. At that rate, he would have received royalties of over $140 million from Yeezy sales last year. 

West’s aggressive $3 billion self-appraisal is clearly based on the idea that the business is infinitely portable. It’s not. Taking Yeezy away from Adidas seems almost prohibitively cumbersome, if not contractually impossible. A safer way to value it: as a royalty stream, like music publishing or film residuals. Multiples, based on services like Royalty Exchange or in large private transactions, can be as low as three for something faddish like Cardi B’s “Bodak Yellow” to 17 for an evergreen asset like the Eddie Murphy film Trading Places. 

A handful of experts surveyed felt West’s interest would fetch a multiple somewhere in the middle of that range, were it ever made available to outside investors. The convenience of the Adidas setup trumps publishing catalogs, where owners must actively collect payments from a complex web of sources—or outsource that labor to someone else in exchange for an administration fee. “His place in the capital stack is a preferred place to be,” says Royalty Exchange chief Matt Smith, who pegged the multiple at between 10 and 12.

Conservatively, as we typically are with such figures, a 10x multiple, applied to West’s Yeezy cut of $140 million, makes his stake worth about $1.4 billion. But that’s a private, highly illiquid $1.4 billion—our rule-of-thumb for private assets like that is to lop off at least 10%. That’s $1.26 billion.

Shouldn’t West have also socked away hundreds of millions more, given his incredibly successful recording career and burgeoning Yeezy dividends? If you spend like a superstar, not necessarily. (The guy owns a tank.) The statement of assets supplied by his team yesterday lists just $17 million in cash and $35 million in stocks.

The biggest assets, according to his internal team, are $81 million in “buildings and improvements” and $21 million in land. His homes are surely most or all of that. The Los Angeles mansion Kanye West shares with his wife and four children is itself a work of art—down to the floors, made of a special Belgian plaster that, if scuffed, can be fixed only by summoning a crew from Europe. “The house was all him,” Kardashian West told me last year. “I’ve never seen anyone that pays such attention to detail.” A pair of $14 million Wyoming ranches—nearly 10,000 acres between the two of them—has been taking up more cash.

kanye west

We have nothing but our congratulations to give to Kanye. Apparently he has been making serious “money moves,” as Cardi B would so affectionately state. Still, though, don’t you hate it? (LOL)

Celebrity News

#DemonTime? Chris Brown Joins OnlyFans!

The number of celebrities joining OnlyFans just increased by one! Singer, Chris Brown, has become the latest celebrity to join the content hosting site made famous by sex workers to show their adult content.

The account was created late last night and although nothing has been posted, many fans are excited about what his content could possibly contain. Most, however, are hoping it is X-Rated!

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chris brown onlyfans

The number of celebrities joining OnlyFans just increased by one! Singer, Chris Brown, has become the latest celebrity to join the content hosting site made famous by sex workers to show their adult content.

chris brown onlyfans

The account was created late last night and although nothing has been posted, many fans are excited about what his content could possibly contain. Most, however, are hoping it is X-Rated!

We honestly are not sure what kind of content Chris will host. Although OnlyFans users are primarily sex workers, the site was originally for content creators in general to showcase their work.

Even still, some celebrities have used the platform to show behind the scenes footage of various projects and ventures, or even exclusive gossip. Cardi B used it to reveal her inner thoughts and actress, Bella Thorne teased a nude photo shoot which garnered her two million dollars in a single day. Although later disappointed and angry fans were left seeing otherwise and OnlyFans had to delay paying other users for days in the middle of the COVID pandemic. YIKES!

Still Chris Brown runs in the same vein as another celebrity, Tyga, and his OnlyFans content is very explicit and has been leaked all over the internet with rather rave reviews, showing him masturbating, receiving oral sex, asnd having intercourse! Love & Hip-Hop’s Safaree Samuels also has videos of him masturbating…

Chris is an excellent dancer, so he may just showcase that in addition to exclusive footage of his life and kids. Currently, Chris Brown’s OnlyFans is priced at twenty dollars, but based on the content it might go up from there. We can only hope. https://onlyfans.com/chrisbrownofficial

What do you think of Chris Brown and other celebrities joining OnlyFans? And will you be subscribing to his? Sound off in the comments section below! Iman Shumpert and Teyana Taylor please tell us you guys are next!

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Celebrity Interviews

Love & Work! Meet Jennia Fredrique Aponte & Sol Aponte!

Where is the love? Not far. In fact it is right between two amazing content creators who just so happen to be just an equally amazing power couple! Meet Jennia Fredrique Aponte and Sol Aponte, two people whose love and creativity are changing the world.

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jennia fredrique and sol aponte

Where is the love? Not far. In fact it is right between two amazing content creators who just so happen to be just an equally amazing power couple! Meet Jennia Fredrique Aponte and Sol Aponte, two people whose love and creativity are changing the world.

Jennia and Sol have partnered together in life and professionally, creating a production company, “Full Frequency Media,” and a wildly popular series, Anatomy of Black Love. “We know what it means to be Black in America and to want to see powerful, accurate, and diverse representation…that’s where content creators who look like you come into place…with everything that’s going on in the world it’s more critical than ever to have that…”

jennia fredrique aponte and sol aponte

Jennia and Sol have committed their time and energy towards creating meaningful and quality content using their growing platforms. Both have been in the industry for decades.  We have followed Jennia’s career for years seeing her in various movie and television roles including Half & Half, Who Made The Potato Salad?, Passions, One on One, and Girlfriends. Her most memorable role, however, to us, was as “Brandy” in Patrik-Ian Polk’s Noah’s ARC. “That was a role I really enjoyed. People are always talking about her, she was a joy to play and you know I really enjoyed working with the guys.” Sol is noted television producer with work on hit series like mixed-ish, The Young & The Restless, MADTv, and In The Cut. “Working on so many different projects, you definitely learn a lot about life, people, and how to perfect your own projects…the skills to make great content people can relate to really happens just as much behind the cameras as it does out front…”

Jennia and Sol have united their skills, partnering with Diddy’s independent music cable network, Revolt TV. The network’s mission is to provide great content created by the voices of the current generation. There, their popular and aforementioned series, Anatomy of Black Love, gives audiences a modern take on Black Love through frank, intimate, and confirming interviews with Black celebrities including  Gillian and Michael Jai White, La’Myia Good-Bellinger and Eric Bellinger, Malinda Williams and Tariq Walker, and more.

“Black Love is so amazing and real and it’s not always presented well on screen. It’s important for us to see people who look like us in love, being loved, and living fulfilling lives together…” Jennia adds. “You know love is work and people need to see that. The course of true love never did run smooth but when it does it is the greatest experience of your life…” Sol goes on to discuss the relatability of the series, “…even if you aren’t in a relationship you can relate to this because love is universal and you can even find aspects of self-love in these interviews. They’re very affirming…”

jennia fredrique aponte and sol aponte

We have watched every episode of Anatomy of Black Love and we have to say the series is virtually a spiritual experience, restoring our own faith in love. Positive representation of Black people is so needed in these trying times of police shootings and violence, and the onslaught of systemic racism. “The best way to combat this war of hate on us is through love–love of self, and love of one another…” Be sure to check out the series exclusively on Revolt TV.

Besides their aforementioned series you can also see their short films, 90 Days, Sacred Heart, and their celebrity interview series, Beyond The Talent, and other projects on their website, www.fullfrequencymedia.com.

Jennia Fredrique Aponte and Sol Aponte are true influencers, outstanding content creators, and truly in love. Separately they are a force to be reckoned with, combined, they are nothing short of a force of nature. Keep at it guys, we need you.

Where is the love? Not far. In fact it is right between two amazing content creators who just so happen to be just an equally amazing power couple! Meet Jennia Fredrique Aponte and Sol Aponte, two people whose love and creativity are changing the world.

Jennia and Sol have partnered together in life and professionally, creating a production company, “Full Frequency Media,” and a wildly popular series, Anatomy of Black Love. “We know what it means to be Black in America and to want to see powerful, accurate, and diverse representation…that’s where content creators who look like you come into place…with everything that’s going on in the world it’s more critical than ever to have that…”

jennia fredrique aponte and sol aponte

Jennia and Sol have committed their time and energy towards creating meaningful and quality content using their growing platforms. Both have been in the industry for decades.  We have followed Jennia’s career for years seeing her in various movie and television roles including Half & Half, Who Made The Potato Salad?, Passions, One on One, and Girlfriends. Her most memorable role, however, to us, was as “Brandy” in Patrik-Ian Polk’s Noah’s ARC. “That was a role I really enjoyed. People are always talking about her, she was a joy to play and you know I really enjoyed working with the guys.” Sol is noted television producer with work on hit series like mixed-ish, The Young & The Restless, MADTv, and In The Cut. “Working on so many different projects, you definitely learn a lot about life, people, and how to perfect your own projects…the skills to make great content people can relate to really happens just as much behind the cameras as it does out front…”

Jennia and Sol have united their skills, partnering with Diddy’s independent music cable network, Revolt TV. The network’s mission is to provide great content created by the voices of the current generation. There, their popular and aforementioned series, Anatomy of Black Love, gives audiences a modern take on Black Love through frank, intimate, and confirming interviews with Black celebrities including  Gillian and Michael Jai White, La’Myia Good-Bellinger and Eric Bellinger, Malinda Williams and Tariq Walker, and more.

“Black Love is so amazing and real and it’s not always presented well on screen. It’s important for us to see people who look like us in love, being loved, and living fulfilling lives together…” Jennia adds. “You know love is work and people need to see that. The course of true love never did run smooth but when it does it is the greatest experience of your life…” Sol goes on to discuss the relatability of the series, “…even if you aren’t in a relationship you can relate to this because love is universal and you can even find aspects of self-love in these interviews. They’re very affirming…”

jennia fredrique aponte and sol aponte

We have watched every episode of Anatomy of Black Love and we have to say the series is virtually a spiritual experience, restoring our own faith in love. Positive representation of Black people is so needed in these trying times of police shootings and violence, and the onslaught of systemic racism. “The best way to combat this war of hate on us is through love–love of self, and love of one another…” Be sure to check out the series exclusively on Revolt TV.

Besides their aforementioned series you can also see their short films, 90 Days, Sacred Heart, and their celebrity interview series, Beyond The Talent, and other projects on their website, www.fullfrequencymedia.com.

Jennia Fredrique Aponte and Sol Aponte are true influencers, outstanding content creators, and truly in love. Separately they are a force to be reckoned with, combined, they are nothing short of a force of nature. Keep at it guys, we need you.

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Celebrity News

Eva Longoria is DRAGGED for Downplaying Black Women’s Role in 2020 Presidential Election

Former “Desperate Housewife,” Eva Longoria is being dragged on social media for seemingly downplaying Black Women’s role in winning the 2020 Presidential Election for Joe Biden and Kamala Harris.

In an interview with MSNBC Eva stated; “women of color showed up in big ways. Of course, you saw in Georgia what Black women have done but Latina women were the real heroines here, beating men in turnout in every state and voting for Biden-Harris at an average rate of 3:1.”

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Eva Longoria

Former “Desperate Housewife,” Eva Longoria is being dragged on social media for seemingly downplaying Black Women’s role in winning the 2020 Presidential Election for Joe Biden and Kamala Harris.

In an interview with MSNBC Eva stated; “women of color showed up in big ways. Of course, you saw in Georgia what Black women have done but Latina women were the real heroines here, beating men in turnout in every state and voting for Biden-Harris at an average rate of 3:1.”

Eva Longoria

Eva was immediately blasted on social media!

Eva, facing the political firestorm, issued an apology via a few tweets of her own:

We love Eva Longoria, but we do feel like she unwittingly diminished the contributions of Black Women with her words. Defeating Donald Trump was a collaborative effort; taking men and women of seemingly every ethnic group, gender, and sexual orientation to accomplish. Yes Latinas played a role, but even as Biden mentioned in his victory speech on Saturday, it was the Black community that saved the day!

You misspoke Eva, we accept your apology, however.

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