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Tuesday, March 22, 2016
Michael Jackson's children face losing 900m inheritance due to debt
The late king of pop's children, Prince, 19, Paris, 17, and Blanket, 14, were due to inherit £900 million when they turn 30 but tax authorities in America are chasing the late singer’s estate for £555 million and it is believed that MJ owes more than £300m in additional debts which are yet to be cleared...
Micheal Jackson's children’s £900 million inheritance could be drastically slashed.
Big bills mean that Prince, 19, Paris, 17, and Blanket, 14, could see the money and their trust funds, which they reportedly have access to at 30, wiped out.
Insiders have reportedly claimed tax authorities in America are chasing the late singer’s estate for £555 million, while the late singer is believed to owe more than £300 million in other debts.
“On paper the kids are billionaires thanks to these massive sums. But the truth is those sums will barely be in their accounts for any time as they have this huge tax bill to settle," a source told The Sun.
“The IRS (Internal Revenue Service) had been public about their demand asking for as much as £555 million, with more charges coming for late payments."The singer's stake in Sony/ATVMusic Publishing was recently sold for $750m (£526m), after he originally paid $41.5 for the rights.
It's thought the tax on the deal will total roughly £70 million.
The source added:
“The estate has challenged that enormous figure, but the Sony deal simply ups the amount they owe.The huge property and grounds went on the market in 2015 but so far hasn't managed to tempt buyers with its $100m price tag. Michael bought the property in 1987 for $19.5m.However in 2008 it was handed over to investment firm Colony Capital LLC after the Thriller star ran into financial troubles.
Following his death in 2009, the ranch fell into disrepair
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Real Madrid's Gareth Bale and his partner welcome their 2nd child
ReBale and his partner welcome their 2nd childThe Welsh professional footballer who plays as a winger for Spanish club Real Madrid welcomed his second daughter today. The 26-year-old made the announcement on twitter along with a photo of the newborn. "Delighted to welcome another beautiful baby daughter into our family today. Nava Valentina Bale" he captioned the photo.
Bale and his partner Emma Rhys-Jones, his high school sweetheart have another daughter, Violet, born on October 21, 2012.
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DOWNLOAD MUSIC:Kaystar ft. Ketchup – Oh Na Na (prod. Jaypaul Beatz)
“When talent meets its kind, a JAM is sure to be made! K-Square (Kaystar and Ketchup) join forces on this massive dancehall/rap number termed –“Oh Na Na”, produced by JayPaul Beats and published by Gusto Entertainment.
The hood acclaimed street “god” is out with a new banger which he calls OH NA NA, the track is a fusion of rap and dancehall. Kudus Adeyemi stage name Kaystar teams up with Ragga dance hall artiste Ketchup to bring this sensational tune.
Kaystar who hails from Ogun state is known to many as a rap idol, because of articulate blend of Yoruba and English language in his songs. Taking it up by a notch Kaystar dropped a mix tape in the end of 2015, and this new single is definitely a great follow up. 2016 is going to be a great year for the artiste as he is expected to drop more singles and visuals”
Enjoy and share your thoughts.
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Brussels attacks: 34 die in 2 explosions at Brussels Airport, 1 at subway station
Brussels, Belgium Three explosions that ripped through the Belgian capital of Brussels on Tuesday killed at least 34 people and wounded about 170 more, according to Belgian media, and raised the reality of terror once again in the heart of Europe.
"We were fearing terrorist attacks, and that has now happened," Belgian Prime Minister Charles Michel told reporters.
Belgian federal Prosecutor Frederic Van Leeuw said late Tuesday morning that it was too soon to know exactly how many people died in the bombings. Yet Belgian state broadcaster RTBF, citing emergency services, reported 20 dead at the Maalbeek metro station and 14 more killed at Brussels' international airport.
After the blasts -- which came days after the capture of Europe's most wanted man, Salah Abdeslam, in a bloody police raid -- Belgian authorities again hit the streets looking for those tied to Tuesday's carnage and who might launch more attacks.
Citing judicial sources, RTBF reported that raids were underway midday Tuesday around Brussels, targeting people linked to the attacks.
At least one of the two airport explosions was a suicide bombing, Van Leeuw said. A blast happened there outside the security checkpoints for ticketed passengers and near the airline check-in counters, an airline official briefed on the situation said.
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Kardashian sisters, Kim, Khloe, Kourtney sued over beauty line
The stunning sisters have been slammed with $200m lawsuit over their beauty line. TMZ reports below
Kim, Khloe and Kourtney could be on the hook for more than $200 million for not tweeting about their own makeup line ... this according to a new lawsuit.
Hillair Capital Management claims it ponied up more than $10 million to save the Kardashian sisters' struggling cosmetics line, "Kardashian Beauty" ... after their former business partner went belly up.
As we previously reported, the Kardashians originally partnered up with a company called Boldface in 2012, launching a makeup line called "Khroma Beauty."
Problem was ... a year later, a judge blocked the company from using the name "Khroma." The girls changed the name to "Kardashian Beauty," but Boldface started tanking.
A savior stepped in ... Hillair Capital Management, buying out Boldface and sinking $10 mil into the business. Hillair now claims the Kardashian girls didn't hold up their end of the bargain by blasting out the virtues of "Kardashian Beauty" to their millions of followers.
Hillair wants its $10 mil back plus what they would have made ... up to $180 mil
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VIDEO:Black IQ ft. Reminisce - Turn it On
VIDEO: Black IQ x Reminisce – Turn It On
“Rapper Black IQ A.K.A Bini Boy who was the winner of Benson and hedges rhythm council in 2008 has teamed up with Reminisce on a hip hop track solely titled “Turn it on“
The quick fire track, was originally produced by Redlight when Black IQ was on European tour and he Recorded part of the song in a studio in Hamburg Germany. The record was later brought back to Lagos for BabaHafusa to compliment with his Ill lyrics and Ibile persona and lend his voice to the record.
The accompanying video was shot by superstar director Clarence Peters, and it explores varying hip hop culture themes. Black IQ releases ’Turn it On’ at a primetime- as he is set to take the industry by storm with his relatable hip-hop persona and catchy lyrics, sure to keep you hitting that replay button. Word on theENJOY
DJ ARAFAT -- BOBlTANA ( Clip Officiel )
DJ Arafat takes us straight to the dancefloor with the visuals to his latest single “Bobitana“.
ENJOY
ENJOY
DOWNLOAD MUSIC:Young Kris – Mami Mo
Rising Nigerian music act, Young Kris is back with new tune titled ‘Mami Mo
’ produced by himself.
The talented young act signed with Nelson Dou Music is fully ready for 2016 as two
videos ready to hit our screen soon.
For now, Listen to ‘Mami Mo’ and feel the well laced party jam
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DOWNLOAD MUSIC:Tee-Q – Ogaju
“Adeyanju Taofeeq Aka Tee-Q Is back with yet another hit single titled “Ogaju”. After the success of his debut single Skempele in 2015 which is still enjoying massive air play on major radio stations in Nigeria.
He decided to drop his second official single after series of calls from is teaming fans. “Ogaju” is a melodious love song with a catchy hook. His unique way of music has made several music fans ask one big question.. who is this? without further questioning he has been able to answer a lot with his ecstatic way of music. Tee-Q is one artiste we should all look out for, As he is on his way to stardom and set to release his sizzling new tracks to sweep us offour feet. Produced by Runtinz.
ff Tee-Q on twitter @teeqbadman.”DOWNLOAD
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MUSIC:Sarz x DJ Maphorisa – Wicked Publish
Sarz x DJ Maphorisa – Wicked
“Award winning Nigerian producer Sarz teams up with South African prolific hit maker/ Disc Jockey Dj Maphorisa on the production of this up tempo track. The track sees Sarz displays his production flexibility as Dj Maphorisa infuses the South African feel on the beat. Its definitely a banger.”LISTEN UP
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DOWNLOAD MUSIC:LasGiiDi – Touch The Sky ft. Chyn X Vanessa Mumba
LasGiiDi – Touch The Sky ft. Chyn X Vanessa Mumba
LasGiiDi was the hardest and most consistent worker in the industry in 2015. With hits like Won Kere (Won Kere loosely samples Fatai Rolling Dollar’s mega hit “Won Kere Si Number Wa“) which has 7000+ views. and Orekelewa Ft. Sammie David which has amassed close to 13,000+ views to date. In addition to his consistency with the solid tracks and videos, he also performed at the prestigious 2015 AFRIMMA AWARDS, which is the biggest African Award show in the diaspora, after being the inaugural winner of the 2015 Set The Stage AFRIMMA Competition.
To Start 2016, LasGiiDi dropped a video for the previously released single 100’swhich is already circulating well in the streets. Continuing with the consistency needed to take over the industry, he released the street anthem with the video titledMy Squad Ft. Bils. Not even 3 weeks after, LasGiiDi released the cypher remix of My Squad titled My Squad 2.0 Ft. Tall Paul, Kidfloh, Ebako, Mr. Renegade & Tytanium to very high acclaim.
To end the month of March though, LasGiiDi is back with another track that is quite different from what his fans are used to, On this track titled “Touch the Sky,” LasGiiDi features Chyn,who is currently enjoying unprecedented success with his hit song “BIG,” and Vanessa Mumba, a soulful songstress originally from Zambia but based in Atlanta, GA. Touch the Sky is a motivational song
ENJOY
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LILY JOHNSON - BUS STOP (Official Video)
VIDEO: Lily Johnson – Bus Stop
“Following the success of “Muna Gi” featuring Wizboyy, Enugu born songstress Lily Johnson comes out with the music video for her follow-up single titled “Bus Stop”
The beautiful love song is produced by Dr O2 Beats and mixed and mastered by Mix Breed. It’s rare to hear such blend of soul and high life which Lily Johnson delivers with ease.
The colourful video features MAGA Records’ Bonoe Barz and Mix Breed and was directed by TwinQle for Play House Africa.”ENJOY
DOWNLOAD MUSIC:Tmol – Ezinne ft. Selebobo
Tmol – Ezinne ft. Selebobo
If you love and appreciate your mother, you definitely want this on your playlist. As fast rising Afro-pop singer and instrumentalist TMOL teams up with Selebobo for this euphonious tribute to the African Mother. – “Ezinne Di Ukor”.
TMOL dedicates this song to all African mothers who continue to sacrifice so much for their families. “African mothers unlike mothers from other cultures have a special something in them that separates them from the rest; my mother to me is a superhero and I’m sure most of us feel the same way about our mothers” he adds.
It has also been said that if you don’t press replay it’s most likely because you are trying to learn the Igbo language TMOL and Selebobo are using to mesmerize us, so you can properly digest the sweetness of this Selebobo produced jam
DOWNLOAD
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Iara Oshiomole donates relief materials to IDP camp in Benin city
Iara Oshiomole, the beautiful wife of the Edo state governor, Adams Oshiomole,
yesterday donated some relief materials to members of an IDP camp situated in
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Segun Odegbami's son set to wed...see pre-wedding photos
Football icon Segun Odegbami's second son, Stephen, is getting married soon.
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