Singer, makeup entrepreneur, lingerie designer and now the first black woman to head a top luxury fashion house -- Rihanna has racked up a $600 million fortune to become the world's richest female musician, Forbes said Tuesday. The 31-year-old -- born Robyn Rihanna Fenty in Barbados -- has amassed wealth exceeding that of Madonna ($570 million), Celine Dion ($450 million) and Beyonce ($400 million), whose husband Jay-Z was just named the world's first billionaire rap star. Rihanna's ranking puts into fresh perspective one of her signature lyrics -- "work, work, work, work, work," which opened her 2016 dancehall smash "Work." Since bursting onto the scene in 2003, she has spun her triumphs in music into entrepreneurial gold, launching her makeup brand Fenty Beauty -- co-owned by French luxury giant LVMH -- in September 2017 online and with Sephora. The line found success not least thanks to Rihanna's fame both on and offline, with some $570 million in revenue last year after just 15 … [Read more...] about Rihanna declared world’s richest female musician
Worlds richest people
News Rihanna declared world’s richest female
NEW YORK, United States - Singer, makeup entrepreneur, lingerie designer, and now the first black woman to head a top luxury fashion house -- Rihanna has racked up a $600 million fortune to become the world's richest female musician, Forbes said Tuesday. The 31-year-old -- born Robyn Rihanna Fenty in Barbados -- has amassed wealth exceeding that of Madonna ($570 million), Celine Dion ($450 million) and Beyonce ($400 million), whose husband Jay-Z was just named the world's first billionaire rap star. Rihanna's ranking puts into fresh perspective one of her signature lyrics -- "work, work, work, work, work," which opened her 2016 dancehall smash "Work." Since bursting onto the scene in 2003, she has spun her triumphs in music into entrepreneurial gold, launching her makeup brand Fenty Beauty -- co-owned by French luxury giant LVMH -- in September 2017 online and with Sephora. The line found success not least thanks to Rihanna's fame both on and offline, with some $570 million in revenue … [Read more...] about News Rihanna declared world’s richest female
Villar, Pacquiao still richest senators
Villar, Pacquiao still richest senators MANILA, Philippines — Declaring a net worth of P3.719 billion with no liabilities, Sen. Cynthia Villar remained the richest senator in 2018. Villar, who topped the 2019 senatorial elections, declared a net worth of P3,719,951,858 in her statement of assets, liabilities and net worth (SALN) as of Dec. 31, 2018. The senator’s husband, former Senate president Manny Villar, was recently named as the Philippines’ richest by Forbes in its 2019 list of richest people in the world, with an estimated net worth of $5.5 billion. Her net worth last year was higher by about P108 million compared to 2017. Sen. Manny Pacquiao came in as the second richest with a declared net worth of P3,005,808,000. He also declared total liabilities of P146,005,728. The third richest in the 23-member chamber was Senate President Pro Tempore Ralph Recto, who posted a net worth of P555,325,479.82. Fourth was Majority Leader Juan … [Read more...] about Villar, Pacquiao still richest senators
New space race to bring satellite internet to the world
Anxiety has set in across the space industry ever since the world's richest man, Jeff Bezos, revealed Project Kuiper: a plan to put 3,236 satellites in orbit to provide high-speed internet across the globe. Offering broadband internet coverage to digital deserts is also the goal of the company OneWeb, which is set to start building two satellites a day this summer in Florida, for a constellation of over 600 expected to be operational by 2021 Billionaire Elon Musk's SpaceX is equally active: it's just received a clearance to put 12,000 satellites in orbit at various altitudes in the Starlink constellation. Not to mention other projects in the pipeline that have less funding or are not yet as defined. Is there even enough space for three, four, five or more space-based internet providers? At the Satellite 2019 international conference in Washington this week, professionals from the sector said they feared an expensive bloodbath -- especially if Bezos, the founder of Amazon, decides … [Read more...] about New space race to bring satellite internet to the world
How a lone Norwegian trader shook the world’s financial system
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By Jack Ewing The New York Times Milan Schreuer Mon., May 6, 2019 On a breezy day in September, an ominous text message appeared on Fredrik Ekstrom’s phone: Go immediately to the war room. Ekstrom is chairman of Nasdaq Clearing, an outpost of the U.S. stock exchange company in Stockholm, which processes futures trading and acts, in part, as a shield against contagious losses in the global financial system. He headed toward an ordinary conference room outfitted with extra phones, video hookups, data terminals and policy manuals, designed to be a command center in case of a financial crisis. Until then, the war room had been used only for drills. Other senior executives were waiting when he arrived. They described an unfolding disaster. A trader named Einar Aas was having a spectacularly bad day. Ekstrom knew the name. Aas worked from his seaside home in a remote Norwegian fishing village, trading futures contracts tied to the price of Scandinavian … [Read more...] about How a lone Norwegian trader shook the world’s financial system