Tuesday, 18 January 2022

Late Pop Star, Prince’s Estate Valued at $156.Million as Six-Year Legal Battle For Control Ends

Late Pop Star, Prince’s Estate Valued at $156.Million as Six-Year Legal Battle For Control Ends

The six-year legal battle over pop superstar Prince’s estate has ended, meaning the process of distributing the artist’s wealth could begin next month.

The star’s wealth, which totaled $156.4 million, was fought over by a number of that star’s potential heirs because the Purple Rain singer did not leave a will before his untimely death at 57 in 2016.

The Internal Revenue Service and Comerica Bank & Trust, the estate’s administrator, finally came to an agreement on the valuation after giving wildly different estimations at the beginning.

While the government agency originally set their opinion at $163.2 million, Comerica Bank & Trust gave a much more modest value of $82.3 million.

Prince died of a fentanyl overdose in 2016. His heirs started a legal battle following his death. Two of Prince’s six sibling heirs, Alfred Jackson and John R. Nelson, have since died. Two others are in their 80s.

‘It has been a long six years,’ an attorney for three of Prince’s siblings L. Londell McMillan said at a hearing on Friday.

According to ABC News, administrators will evenly divide the estate between the three oldest heirs and a New York music company called Primary Wave.

The agreement the sides came to in October resulted in the IRS dropping a $6.4 million ‘accuracy-related penalty’ it had levied. The Minnesota Department of Revenue also dropped its own penalty.

The valuation on the property may be huge, but the taxes on it will also be large. Taxes are expected to total tens of millions of dollars.

Approximately $5 million of the money will be tax-free under federal law but the remaining amount will be taxed at 40%.

Minnesota state tax exempts $3 million of the money but will tax it at 16% after that.

Monday, 17 January 2022

Celine Dion Has Canceled All Her Tour Dates Due to Devastating Health Battle

Celine Dion Has Canceled All Her Tour Dates Due to Devastating Health Battle

Legendary Canadian singer, Celine Dion has been forced to cancel the rest of her current US Courage Tour from March 9 to April 22.

The 53-year-old singer was forced to scrap the shows by ‘severe and persistent muscle spasms,’ according to a press release posted to her website.

Her announcement comes three months after she had to cancel the start of her Las Vegas comeback residency over the same health issue.

‘Tickets purchased with a credit card through authorized ticketing outlets will be refunded automatically to the credit card used for purchase,’ the press release said.

‘Ticket holders of the cancelled performances will soon receive an email notification with more information. For further inquiries, ticket holders should reach out to their original point of purchase.’

Celine ‘recently has been treated for severe and persistent muscle spasms which are preventing her from performing, and her recovery is taking longer than she hoped,’ per her website. ‘Her medical team continues to evaluate and treat the condition.’

She herself said: ‘I was really hoping that I’d be good to go by now, but I suppose I just have to be more patient and follow the regimen that my doctors are prescribing.’

The superstar singer added: ‘There’s a lot of organizing and preparation that goes into our shows, and so we have to make decisions today which will affect the plans two months down the road. I’ll be so glad to get back to full health, as well as all of us getting past this pandemic, and I can’t wait to be back on stage again.’

She continued: ‘Meanwhile, I’ve been very touched by all the words of encouragement that everyone’s been sending to me on social media. I feel your love and support and it means the world to me.’

Thursday, 6 January 2022

NFL star, Sterling Shepard Files for Divorce From Supermodel Chanel Iman After Nearly 4 Years of Marriage

NFL star, Sterling Shepard Files for Divorce From Supermodel Chanel Iman After Nearly 4 Years of Marriage

Chanel Iman and Sterling Shepard are separating after nearly four years of marriage,

Rumors began circulating late last year about a split between the NFL star and supermodel. While nothing was confirmed at the time, Us Weekly now reports that the couple has called it quits after six years According to the publication,  the couple quietly split and are in the process of getting divorced.

“They are going to try and remain civil and friendly towards each other,” a source told the outlet. Us Weekly confirmed that the 28-year-old New York Giants wide receiver officially filed for divorce in June 2021.

Chanel and Sterling first met at a party in 2016, and two years later, they tied the knot in a gorgeous ceremony in New York.

In August 2018, they welcomed their daughter Cali, and in December 2019, their daughter Cassie was born.

Tuesday, 4 January 2022

Is Kanye West Now Dating Actress Julia Fox?

Is Kanye West  Now Dating Actress Julia Fox?

Rapper Kanye West was spotted out on a date with actress Julia Fox in Miami on January 1.

Celebrating the new year in style, the pair shared a candlelit dinner at the celeb-hotspot Carbone. In one snap, while the two are entering the establishment, Kanye gazes intently at Julia, who wears a huge smile and appears to be hanging on his every word.

Sources told TMZ that the date was “nothing serious,” and that Ye is simply trying to have fun amid his ongoing divorce from Kim Kardashian.

Kanye and Julia’s date night comes a week after the “Famous” hitmaker dropped $4.5 million to buy the house directly across the street from his estranged wife, Kim Kardashian. It was reported he paid $420,000 over the asking price and is planning to tear it down to the studs to build his own brand-new abode.

Kim Kardashian filed to be declared legally single amid her divorce proceedings with West on Dec. 10. The Skims founder who has since moved on with “Saturday Night Live” star Pete Davidson, shares four kids with West: North, 8, Saint, 6, Chicago, 3, and Psalm, 2.

Thursday, 30 December 2021

Nicole Young Gets $100 Million in Divorce Settlement From Dr Dre

Nicole Young Gets $100 Million in Divorce Settlement From Dr Dre

Dr Dre has settled his divorce case by striking a property settlement agreement with his ex-wife.

Dre and Nicole just filed their property settlement agreement, in which Dre agreed to pay Young $100 million – $50 mil now and $50 mil a year from 

Dre’s estimated net worth is $820 million. Nicole didn’t get half of Dre’s assets because there is a prenup, which she contested.

Dre gets to keep 7 of the properties they own, including a Malibu home, 2 homes in Calabasas, and 4 properties in the L.A. area, including the $100 million Brentwood estate.

In addition, Dre gets full rights to his master recordings, trademarks and interests in various partnerships and trusts. He also keeps all of their Apple stocks, which includes the proceeds from the sale of Beats by Dre.

They divide their vehicles so that he gets 6 and she gets 4.

She gets to keep jewelry, cash and bank accounts that she had maintained during the marriage.

Nicole must pay her own legal fees, which amount to millions of dollars.

Sources connected to Dre say Nicole could have actually gotten a bigger settlement had she settled a year ago.

One of those sources said, “She could have even been on the field for the Super Bowl halftime show as a friendly ex-wife.”

The settlement forecloses Young’s ability to get spousal support, something that was hotly contested during the divorce.

Wednesday, 22 December 2021

Stefflon Don Shares Cryptic Post; “No Matter How Much Love… Fame & Money Changes Some People”

 Stefflon Don Shares Cryptic Post; “No Matter How Much Love… Fame & Money Changes Some People”

Don has shared a post about relationships and how fame and money change people.

The British rapper, who has been dating Burna Boy for a while, shared the cryptic post on Twitter.

She wrote: “No matter how much love, Loyalty or how good you treat someone, people are just not solid and scream real but are the fakest. Fame & money changes some ppl. When people show you who they are believe them. As hard as that may be. God sees and knows. People genuinely need prayers.”


Wednesday, 15 December 2021

Elon Musk ‘Thinking’ of Leaving His Jobs and Becoming a Full Time Influencer

 Elon Musk ‘Thinking’ of Leaving His Jobs and Becoming a Full Time Influencer

Tesla Inc Chief Executive Officer, Elon Musk is “thinking” of leaving his jobs and becoming an influencer, the world’s richest man tweeted on Thursday.

“Thinking of quitting my jobs and becoming an influencer full-time wdyt [what do you think],” Musk said in the tweet, without elaborating.

It was not immediately clear if Musk was being serious about quitting his roles.

Musk, who is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company, said during a conference call in January that he expects to be the CEO of Tesla for “several years”.

“It would be nice to have a bit more free time on my hands as opposed to just working day and night, from when I wake up to when I go to sleep 7 days a week. Pretty intense,” he had said.

Tesla  CEO  Elon Musk

Elon Musk has sold nearly $12 billion worth of shares over the past month since he polled Twitter users about offloading 10% of his stake in the electric-car maker.

Just yesterday, the billionaire sold another 934,091 shares for $963m to pay for taxes on the exercise of stock options to buy 2.17 million shares in Tesla, according to US securities filings.

He has sold a combined 11.03 million shares and has acquired 12.87 million shares by exercising options since November 8.

Musk said on November 6 he would sell 10% of his stake if Twitter users agreed.

He owned a combination of about 244 million shares through his trust and stock options, bringing his stake in Tesla to about 23% as of June 30. It included 170 million shares held by his trust.

Following the latest transactions yesterday, Musk still has an option to buy about 10 million more shares at $6.24 each, which expires in August next year.