Tag Archives: money

Ja Rule Sells Fyre Festival Logo Artwork For $122,000

Ja Rule Owes Money

NFTs are getting a lot of hype and headlines. New York rapper Ja Rule sold a 48-inch-by-60-inch oil-paint portrait of the Fyre Festival logo for $122,000. The artwork was sold as a non-fungible token (NFT). The rapper told TMZ that he wanted to get rid of the painting to create …

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Kanye West Is Reportedly Worth More Than $6 Billion

Kanye West

Kanye West is officially a billionaire. The rapper is reportedly worth $6.6 billion, according to People. According to the publication, West has $112 million in cash and stock, $110 million from his music catalog, and $1.7 billion in other assets, including Kim Kardashian’s SKIMS. West also has complete ownership and …

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Warren Buffett Is Worth $100 Billion

warren Buffett

Investor Warren Buffett is the sixth richest man in the world, according to the Bloomberg Billionaire’s Index. Buffett is worth $100 billion. The disclosure comes after investors drove up the stock price for his $600 billion company Berkshire Hathaway. The 90-year-old’s net worth would be higher if he did not …

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Facebook Will Allow Users To Make Money Off 60-Second Videos

What a time to be a creator! On Thursday, social media giant Facebook announced its plan to help creators monetize their content. According to Business Insider, the new feature allows creative users to earn money off 60-second videos and live-streamed events. It also will open ad opportunities for more users. …

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GameStop CFO Jim Bell Is Resigning

Executive Vice President and Chief Financial Officer of GameStop, Jim Bell, resigns from his role on March 26. His resignation comes after the rise and fall of GameStop’s stock. “The company thanks Mr. Bell for his significant contributions and leadership, including his efforts over the past year during the COVID-19 …

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Bitcoin Trades At Its Highest Value Ever At Almost $20,000

Bitcoin has reached its highest trading value ever, hitting nearly $20,000. According to Coindesk, Bitcoin traded at $19,920.53 Tuesday. It topped its previous high by $137, which was reached nearly three years ago. And since the start of this year, Bitcoin has risen in value by more than 170%. Although …

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Facebook Cryptocurrency Renamed Diem

Libra, the cryptocurrency backed by Facebook, has been renamed “Diem.” The Diem Association changed its name and strategy to win favor from financial regulators worldwide. Instead of offering one coin, the Diem Association will offer several, which will be tied to different countries. Stuart Levey, CEO of Diem Association, acknowledged …

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Quibi Shuts Down After Raising Over A Billion Dollars

Unemployment Rates Skyrocket

The mobile-only video streaming service, Quibi, is shutting down after launching less than a year ago. The company raised over one billion dollars in capital but failed to secure a buyer. Jeffrey Katzenberg, a Hollywood producer and the founder of Quibi, alongside Chief Executive Meg Whitman raised over $1.75 billion …

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Akon Will Be Launching His Own Cryptocurrency Called Akoin

Cryptocurrency is getting more popular with each day that passes and #Akon is making sure he doesn’t miss the money train, as he just launched a new cryptocurrency called Akoin. The singer-songwriter has already been bringing energy and solar power back to Africa with his project Lighting Africa, and now …

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