finances
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Toronto-based online brokerage Wealthsimple, which can count Drake among its celebrity investors, has raised $610 million in fundraising with a $4 billion evaluation. Business Insider reports that the Power Corporation of Canada company’s latest round of funding was led by Meritech Capital Partners and Greylock Partners. The funding and valuation were announced on Monday. Wealthsimple […]
Meek Mill paid a pretty penny to alleviate his FOMO. On Tuesday afternoon, the Philadelphia rapper took to social media to announce he had purchased $50,000 worth of Dogecoin—a cryptocurrency that has experienced a massive surge this year, thanks in large part to Elon Musk’s co-sign. “I just grabbed some doge,” he tweeted. “I’m tired of missing out.” […]
Carole Baskin has join the growing list of celebrities who’ve launched digital currencies. On Tuesday, the Tiger King star formally announced her “fan token” called $CAT—an altcoin that is intended for supporters of her Big Cat Rescue animal sanctuary. Baskin emphasizes the coin is not intended for investment, but rather “a purr-ency of our fans to show their love […]
Two former Chick-fil-A employees in Alabama have been indicted for allegedly diverting thousands of dollars in customer payments to their own bank accounts, Newsweek reports. The United States Attorney’s Office in the Northern District of Alabama released a statement on the alleged scheme on Wednesday and outlined the 16-count indictment against them. Larry James Black Jr., 37, and Joshua Daniel Powell, 40, worked […]
On Tuesday, Zachary Horwitz, a small-time actor, was arrested in Los Angeles for his alleged involvement in a massive Ponzi scheme, according to The LA Times. Authorities say that the 34-year-old Horwitz defrauded investors out of $227 million by peddling fake licensing deals with HBO, Netflix, and others. Horwitz has appeared in films using the name […]
So you want to be rich, right? It’s easier said than done. As I’ve discovered writing several books on personal finance and innovation, not many people have access to money, or know where to begin investing it. As an example, four in 10 folks say they can’t handle a $400 emergency, and 61% lack the savings […]
Wells Fargo‘s Chief Executive Charles Scharf tried to explain why the company is having trouble reaching its diversity goals. In the process, he ended up showing his true colors. Two participants in a summer Zoom meeting with Scharf told Reuters on Tuesday the company is unable to meet its diversity goals because there is a limited pool of qualified Black […]
TMZ reports Dr. Dre’s wife Nicole Young is seeking nearly $2 million per month in temporary spousal support after filing for divorce in late June. Young also wants $5 million to cover her legal fees. Sources close to the estranged couple told TMZ that Young still lives in their Malibu home, as well as has access to their […]
Dame Dash was in the news last year after he publicly confronted filmmaker Lee Daniels over money he was allegedly owed. Ultimately, the two came to a settlement in September following their legal battle over the Richard Pryor biopic, with Daniels reportedly paying Dash somewhere around $1.7 million. However, it would appear the money Dash […]
It appears Mary J. Blige is facing more financial drama. According to documents obtained by Bossip, the 48-year-old singer has been accused of failing to pay taxes on income generated in 2016 and 2017. The IRS reportedly filed a tax lien against Blige back in July, claiming she owed the federal government $1,198,161 in back taxes. Bossip reports […]
