Debt – AfricaCelebrities.Com https://africacelebrities.com Breaking News, Daily Original News Reporting and Analysis Mon, 23 Dec 2019 08:25:32 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.17 https://i0.wp.com/africacelebrities.com/wp-content/uploads/2019/08/cropped-ICON.jpg?fit=32%2C32&ssl=1 Debt – AfricaCelebrities.Com https://africacelebrities.com 32 32 165505648 “I’m Owing Vendors Who Deliver Stuff At My Home” – Tonto Dikeh Discloses https://africacelebrities.com/2019/12/23/im-owing-vendors-who-deliver-stuff-at-my-home-tonto-dikeh-discloses/ Mon, 23 Dec 2019 08:25:30 +0000 https://africacelebrities.com/?p=167626 Actress Tonto Dikeh has disclosed she’s not a shopping-freak as people assume, stating that she prefers ordering online and having her stuff delivered home. The mother-of-one also revealed she owes clothe vendors. This is not the first time she has stated this, as some weeks ago she admitted to living a fake life and even […]

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Actress Tonto Dikeh has disclosed she’s not a shopping-freak as people assume, stating that she prefers ordering online and having her stuff delivered home.

The mother-of-one also revealed she owes clothe vendors. This is not the first time she has stated this, as some weeks ago she admitted to living a fake life and even owes her personal shopper.

READ ALSO: Regina Daniels Spotted Instructing Her Husband To Take Good Pictures Of Her (Video)

She wrote this on Instagram, “Rounding up with Christmas shopping..I’m so not a shopping person, I like it when they just bring home, I pick I pay/or I owe.. we good…
This one waka waka everywhere, MUMMY I WASNT BORN FOR THIS..”

Source: africacelebrities.com

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Highlife Veteran, Amakye Dede Claims Ghana’s Ambassador To China Owes Him Money https://africacelebrities.com/2019/09/25/highlife-veteran-amakye-dede-claims-ghanas-ambassador-to-china-owes-him-money/ Wed, 25 Sep 2019 17:05:14 +0000 https://africacelebrities.com/?p=156133 Highlife legend, Amakye Dede has exposed Ghana’s Ambassador to China over an amount of money he owes him. Amakye Dede in an interview with actress Nana Ama McBrown, disclosed that he was on a tour in the US last year when his manager called him that Nana Akuffo Addo, president of Ghana, wanted him to […]

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Highlife legend, Amakye Dede has exposed Ghana’s Ambassador to China over an amount of money he owes him.

Amakye Dede in an interview with actress Nana Ama McBrown, disclosed that he was on a tour in the US last year when his manager called him that Nana Akuffo Addo, president of Ghana, wanted him to escort he and his entourage to China.

READ ALSO: Emotional Female Fan Cries Over Nigerian Artist Rema – WATCH How He Consoles Her

Amakye Dede stated that the Ambassador to China was the one supposed to take them to China for the show, and had made plans through his manager.

READ ALSO: Pakistan Begins Unjustifiable Deportation Of Nigerians Living In Their Country – Video

After cancelling the rest of his shows across the US, the highlife veteran booked a flight to Ghana only to find out that the Ambassador had cancelled the China trip.

READ ALSO: Nigerian Actor Jim Iyke Rides In A Rickshaw For The First Time – WATCH How He Fidgets

When he asked for a refund which amounted to $10,000 of his travelling expenses from the Ambassador, Amakye Dede claims that was denied.

READ ALSO: Rapper Awal States That Were He Not In A Serious Relationship, He Would Have Dated Efia Odo, Yaa Jackson, Or Maame Serwaa

Source: africacelebrities.com

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The Story Of Kanye West’s Comeback: From $53 Million In Debt To Making Over $150 Million A Year https://africacelebrities.com/2019/09/15/the-story-of-kanye-wests-comeback-from-53-million-in-debt-to-making-over-150-million-a-year/ Sun, 15 Sep 2019 16:54:22 +0000 https://africacelebrities.com/?p=154605 In 2016, rapper Kanye West made headlines when he begged Facebook CEO Mark Zuckerberg via Twitter to invest $1 billion into his “ideas,” because he was personally $53 million in debt.

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In 2016, rapper Kanye West made headlines when he begged Facebook CEO Mark Zuckerberg via Twitter to invest $1 billion into his “ideas,” because he was personally $53 million in debt.

READ ALSO: PHOTOS: Kanye West Just Bought A $14 million Wyoming Ranch- Take A Look At The Massive Property

West never got that billion from Zuckerberg (though they apparently became friends), but it appears West has now healed his own financial woes.

His apparel brand Yeezy is a billion-dollar empire, according to Forbes, and over the past 12 months, Forbes estimates West has earned over $150 million (pretax). His income is due largely to Yeezy’s Adidas deal, a line that is expected to top $1.5 billion in sales in 2019.

READ ALSO: Your Favorite Celebrities And The Jobs They Did Before Becoming Famous

The rapper-turned-designer negotiated an unheard of 15% royalty on the wholesale price of his sneakers with the German shoemaker Adidas, plus a marketing fee, after he brought his brand over to the apparel brand from Nike in 2013, according to Forbes.

For comparison, basketball legend Michael Jordan, who’s Jordan Line of sneakers still generates approximately $3 billion in annual sales for Nike, is thought to only get royalties of about 5% on sales, according to Forbes. Jordan, however, doesn’t own his brand, while West does.

READ ALSO: It’s Official, Singer Adele Files For Divorce From Husband

While it took West a little more than two years to release his first design under Adidas, the line quickly gained momentum: his 2015 Yeezy Boost 750 “Light Brown” sneakers sold out within 10 minutes at the retail price of $350, and over the next few years, limited edition releases such as Yeezy Boost 350, Yeezy 950 and Yeezy Boost 700 had record sales at retail prices ranging from $300 to $585 a pair.

On Monday, West’s wife, Kim Kardashian West, released a statement on Instagram saying that she is “so incredibly proud of her husband.” She says she’s watched every day how hard he worked and how much heart and soul he puts into his business and every product that he designs.

READ ALSO: Rick Ross Earns Another Accolade By New York Times

“It’s of no surprise to anyone who works with or is close to Kanye that he has been able to turn millions of dollars in debt into a billion in only four years. 100% on his own terms, while owning 100% of his business,” she wrote.

West tells Forbes that he credits his success in part to his Christian faith and also to his diagnosis of bipolar disorder, which he calls a “superpower” that is key to his creativity. But mostly, he tell Forbes he is a “a product guy” at his core.

READ ALSO: Meet Celebrities Who Have Insured Their Breast And Other Body Parts

“To make products that make people feel an immense amount of joy and solve issues and problems in their life, that’s the problem-solving that I love to do,” West says.

Source: CNBC

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