Rihanna gave us the smash hit “Work,” and that’s just what she did. Now, all that work is paying off in a big way as the superstar has been named the world’s richest female musician, according to Forbes. The 31-year-old’s empire has earned her a $600 million fortune, putting her ahead of Madonna, who is the second-richest female musician with $570 million, and Beyoncé, who has an estimated net worth of $400 million. Robyn Rihanna Fenty is not only a musical artist known for her versatile styles, from her pop anthems like “Only Girl” and “Diamonds” to her reggae-influenced hits like “Work” and “Rude Boy.” The Barbados-born singer is also a fashion designer, makeup entrepreneur, actress, founder of a nonprofit organization, and the first black woman to lead a luxury fashion house. While most know her as Rihanna, Fenty is the name she uses for her many ventures beyond the music studio. She recently told the New York Times Style Magazine she used Fenty “so that you didn’t have to hear the word ‘Rihanna’ every time you saw something that I did.” From Fenty Beauty to her most recent endeavor with LVHM, the Fenty name has been raking in millions. Her success is […]

Amazon warehouses in Britain and France routinely trash unsold products, with one facility reportedly sending 293,000 items to a local dump during a nine-month period. Reporters posing as employees of the retailer secretly filmed workers loading brand-new toys and TVs for transportation to dumps. A documentary for French TV finds Amazon destroyed more than 3 million products last year. Amazon warehouses in the U.K. and France routinely discard unused products, with one facility sending 293,000 items to the trash heap during a nine-month period, according to media reports. Reporters posing as Amazon employees found a site dubbed the “destruction zone,” where they secretly filmed Amazon workers loading brand new toys, kitchen equipment and flat-screen TVs for transportation to dumps, according to a report in Britain’s Daily Mail. When a British reporter posing as a worker at an Amazon warehouse in the Midlands asked what happens to unsold goods, a manager told him: “Some are returned but some are also destroyed,” the newspaper said. A documentary for a French TV station found Amazon destroyed more than 3 million products in France last year. In an emailed response to CBS MoneyWatch, Amazon said it works with charities to donate unwanted goods, both in the U.K. and […]

Jay-Z just joined an elite club of entertainers who have hit billionaire status — and he’s the first hip-hop artist to do so. Forbes says the rapper’s art, real estate, liquor and other investments, along with his entertainment industry earnings, have accumulated into “a fortune that conservatively totals $1 billion.” The 49-year-old’s journey from young drug dealer to mega-mogul spans decades and includes numerous record and business deals. Jay-Z, whose real name is Shaw Carter, grew up in the Marcy housing projects in Brooklyn, New York. After gaining success as a rapper, he created his own label, Roc-A-Fella Records, signing about 50 artists to its roster. A clothing line, Rocawear, and a sports management company shortly followed. While Jay-Z, a father of three with his superstar wife Beyoncé, is one of the wealthiest entertainers in the U.S., a good chunk of his money comes from other business endeavors. Forbes determined his net worth by calculating the combined value of his businesses and investments. His Ace of Spades champagne, D’Usse cognac, investment in Uber, Tidal streaming service, art collection and three homes all contribute pieces of the billion-dollar pie. Fellow music, fashion and liquor mogul Sean “Diddy” Combs is probably one of Jay-Z’s closest […]

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