investing
Page: 2
The Vatican announced Saturday that it’s indicting nine people and a cardinal on financial crimes, including extortion, fraud, embezzlement, money laundering, and abuse of office, regarding investments reportedly made in 2018. Cardinal Giovanni Angelo Becciu and two top officials at the Vatican’s intelligence unit are going on trial on July 27, CBS News reports. Becciu was indicted “for the crimes of […]
Megan Thee Stallion is giving away $1 million in stock as part of a partnership with Cash App, and it comes alongside an “Investing for Hotties” campaign, Billboard reports. “Me and my thriving empire Hot Girl Enterprises have teamed up with Cash App to teach you everything I learned on the way up about money and how […]
At the Robin Hood Foundation charity’s annual investors conference next month, Jay-Z plans to speak in front of some of Wall Street’s biggest executives. CNBC reports that organizers of the event say Jay-Z will address the executives in a speech that will cover his business moves, and will particularly focus on how he uses data […]
Drake has diversified his investment portfolio to include mock meat. According to Bloomberg, the 34-year-old Canadian rapper has purchased a stake in Daring Foods—a Los Angeles-based company that specializes in faux chicken. Drake was among those who contributed to Daring Foods’ series B funding round led by D1 Capital Partners. “The first wave of plant-based was really focused on taste […]
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 […]
Jay-Z must be feeling pretty good about at-home workouts after the announcement that he’s invested in Los Angeles-based fitness company LIT Method. Hov’s Marcy Venture Partners—where he’s a co-founder alongside Jay Brown and Larry Marcus—is putting its coins in the brand, founded by Justin and Taylor Norris. Likely catching Jay’s eye, the company boasts its all-in-one “Strength Machine”: a […]
In 2019, while 61 percent of white households owned stock, only 33.5 percent of Black households owned stock. And while minority stock ownership narrowed between 2016 and 2019, according to the Associated Press, the COVID-19 pandemic and acute recession have “widened the gap again.” In addition to the disparities between Black and white stock owners, […]
A number of big-name professional athletes will be cashing in on McCormick’s $800 million acquisition of Cholula. According to Forbes, Dwyane Wade, Travis Kelce, Dak Prescott, Victor Oladipo, J.J. Watt, and Ryan Tannehill are expected to see a return of around four times in their investment in the hot sauce company. In December 2018, the […]
Logic has purchased $6 million worth of Bitcoin. The recently retired rapper took to his Stories to brag about his latest money move before concluding his video with some reassuring statements, like “Fuck it” and “YOLO.” At the time of this writing, Bitcoin is valued at 18,045.30 a piece. Logic is no stranger to YOLO-esque decisions. He […]
Quavo continues to diversify his portfolio. On Tuesday, the Migos member announced his newly inked business deal with sportswear brand Legends, acquiring a minority stake in the company that includes investors like Steve Nash, Baker Mayfield, Matt Barnes, and Willie McGinest. “I’m excited to officially be a part of the Legends family,” said Quavo, who previously teamed up with the […]
