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What do T.I. and Kim Kardashian have in common? They both have run afoul of SEC disclosures. Kardashian has to pay the Securities and Exchange Commission (SEC) a total of $1.26 million for her failure to disclose a payout for promoting a cryptocurrency. According to the SEC’s official website, Kardashian received $250,000 from EMAX tokens, a cryptocurrency offered by EthereumMax. While SEC disclosures don’t forbid “influencers” to receive compensation for promoting crypto-coins, they do require that said influencers disclose when they receive payment for said promotion, which Kardashian didn’t do. As a result, she has agreed to pay a fine. “The federal securities laws are clear that any celebrity or other individual who promotes a crypto asset security must disclose the nature, source, and amount of compensation they received in exchange for the promotion,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, in the official release. “Investors are entitled to know...
Securing a legacy is probably at the forefront of most parents’ minds. If at all possible, parents contend with the idea of what they should do for their children as a way to set them up for success. While the privilege of generational wealth is more accessible for some, ensuring that your child has a quality start is no easy feat. As controversial as Kanye West can be, one apparent thing is his care and affection for his children. During an interview on ABC News, West noted that he had confidence in his eldest daughter, North West, and her ability to ensure that no one took over or take advantage of West and Kim Kardashian’s brands in the future.
It looks like the Kardashians may have had a hand in Instagram’s decision to scale back on previous plans to focus strictly on videos, CNBC reports. However, the celebrity family was not the only ones who were outspoken about the social media network’s recent uptick in videos. Tons of users flocked to the Internet to express their grievances. Many people, including the Kardashians, accused them of copying their competitor, TikTok, in terms of videos. I have the full screen test, I don’t like it. I miss being able to scroll, not going one by one. I desperately want the option for a chronological feed; I follow over 2k accounts and only see posts from the same 100 or so. Videos are fine, but I use IG for IG, not Tiktok. — Quinoa 🍚 (@Quinoanoir) July 26, 2022 In fact, it seems like all it took was for Kylie Jenner to co-sign a Change.org petition calling to “Make Instagram Instagram Again,” before the platform’s chief shared some comments of his own. On Tuesday, Adam Mosseri responded...
Andy Muir will be sporting a new hat as Skims’ new chief financial officer. Women’s Wear Daily reports the former vice president and chief financial officer of the Jordan Brand will lead inclusivity efforts and spearhead Skims’ growth and financial agendas, as it plans to expand globally. Muir’s presence is timely, as the swimwear and innerwear company, created by Kim Kardashian and Jens Grede, is set to reach new markets, launch new categories, and open brick-and-mortar Skims stores. The advancements will be supported by a Series B funding round in January totaling $240 million. “As Skims expands globally, it’s important to me that we partner with people who resonate with international audiences,” Kardashian said, according to WWD. “As a young brand that’s still growing, we are focused on aligning ourselves with those who represent our brand mission and ethos, while having global influence.” Muir will bring forward an arsenal of skills strengthened by her time working at Nike’s...
Things just got a little hectic in the cryptocurrency space for some familiar faces, including Floyd Mayweather. According to Hollywood Reporter, Floyd Mayweather, along with Paul Pierce and Kim Kardashian are being sued for their alleged involvement in an investor cryptocurrency scam, which claims the celebs misled followers in a pump-and-dump scheme.
It looks like Emma Grede’s one rule is continuing to pay off for SKIMS. During an interview with CNBC, Grede shared that she has one rule that could very well be the reason that she is the founding parter of a $1.6 billion company. “I have a rule,” said the co-founder, according to CNBC. “You have to do things that scare you. I think that’s so important for growth.” Now, the brand continues to smash goals and reach ultimate heights of growth. After the SKIMS collaboration alongside Italian designer, Fendi went live on Nov. 9 and sold out in just one minute. Kim Kardashian first announced the Fendi collab with her SKIMS brand at the end of October and said that the partnership came about after meeting with the artistic designer of Fendi, Kim Jones, who not only praised the shapewear company but also loved the brand. After sending Jones a few SKIMS products, he traveled to Calabasas to discuss working together. And, the rest is history! View this post on Instagram A post shared by...
Dwayne Johnson is no longer the highest-paid Instagram celebrity. A report by the BBC once listed “The Rock” as Instagram’s most valuable star. With 187 million followers on the app at the time, the wrestler-turned-mogul commanded more than $1 million per post from potential sponsors. At the time, too, the BBC reported that Cristiano Ronaldo commanded about $889,000 per post, while Kim Kardashian commanded around $858,000 per post. Interestingly, however, the outlet said that all these numbers were approximations. As such, there was no way to really know who was the highest-paid Instagram celebrity. “The rankings and cost per post were arrived at after speaking with so-called social media “influencers” themselves, along with brands and marketing companies, and using publicly available pricing information to estimate how much each account could charge,” they said. “However, marketers tend to be secretive about how much they pay, or the posts may be part of a wider deal – as is often...
Kanye West did more than just preview his upcoming album at his public listening event, he broke a record for Apple Music too. According to a report from TMZ, the billionaire rap artist not only sold out the Mercedes Benz Arena in Atlanta for his public “DONDA” listening party last Thursday (July 22), he also broke the Apple Music Global Livestream record with 3.3 million total viewers for the live in-person event. The outlet reports that this is an accomplishment no other artist on the platform has come near, far surpassing the 1.8 million viewers who tuned into the Verzuz battle between Jeezy and Gucci Mane on Apple Music late last year. The “DONDA” event was a one-time only occurrence that is not currently available to replay on Apple Music, so the 3.3 million viewers garnered solely happened off Thursday’s event alone. Sources also tell TMZ that upon the release of West’s album — which is set to supposedly drop on Aug. 6 — the listening event will then be posted for fans to...
These babies are paid! Not only do celebrity kids get to inherit greatness before they’re even aware of it, but they also have the coins to prove it. According to the U.S. Sun, when it comes to the richest children in America, little Miss Blue Ivy Carter tops the list. The first-born of superstar parents, Shawn “Jay Z” Carter and Beyoncé Knowles-Carter , Blue Ivy has an estimated net worth of $500 million. Just two days after she was born, this little mogul-in-the-making was crowned “the most famous baby in the world” by Time magazine. Embed from Getty Images Blue Ivy may have a net worth that’s greater than most of us will ever make by the age of 50, but she also follows in her parents’ footsteps as quite the barrier-breaker. In 2020 the 9-year-old became the youngest winner of a BET Award at the age of eight when she won the BET Her Award for the smash single, “Brown Skin Girl.” She is also the second youngest person to win a GRAMMY award. Among the list of kids topping the list...