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Oprah Winfrey Sells Most of Her OWN Cable Network Stake For $36M, Remains CEO

Oprah Winfrey continues to show that she is indeed where the money resides! This time around she’s sold some of her ownership of the OWN cable network — 20.5 percent to the network’s majority owner, Discovery. Forbes reports Winfrey has sold that percentage of her share in the network in exchange for 1.34 million shares of Discovery stock — that’s $36.5 million. The transaction was made Tuesday and Winfrey will remain the chief creative officer and CEO of her namesake network, according to representatives from both OWN and Discovery. Founded by the mogul just as she ended her successful talk show in 2011, Oprah Winfrey Network is now said to have a valuation of around $180 million. This is about 37 percent lower than the $285 million Forbes estimated it would be worth in 2017 after Discovery dished out $70 million for a 24.5 percent stake. Today, Forbes estimates Winfrey’s net worth to be around $2.6 billion, and per a filing with the Securities and Exchange Commission, she has...

Dec 23, 2020

Meet the 12-Year-Old British-Nigerian Wiz Kid Who Made a Historical Mathematics Discovery

Our youth are some of the most gifted individuals we have making major contributions to STEM and 12-year-old Chika Ofili is no different. The young Nigerian boy — who’s based in the U.K. — made a historical discovery by unearthing a new mathematical formula to make the study of mathematics easier to understand. Ofili was rewarded for his discovery back in November at the TruLittle Hero Awards . 12-year-old British-Nigerian Whizkid, Chika Ofili won the Academic Hero award at the Tru Little Hero Awards for discovering a new Mathematics formula. — Africa Facts Zone (@AfricaFactsZone) November 11, 2019 Ofili’s mathematics teacher, Miss Mary Ellis, head of the math department at Westminster Under School, revealed that he made the discovery during a holiday assignment. Ellis gave Ofili a book called “First Steps for Problem Solvers” to study during the holidays. The book contained several divisibility tests to check if numbers are divisible by 2, 3, 4, 5, 6, 7,...

Apr 1, 2020