Report: 8 Men Control Half of World's Wealth

According to a report released by Oxfam, the disparity between the rich and poor is even more dramatic than previously thought. 8 men, the report says, control as much wealth as 3.6 billion people, or close to half the world’s population.

Oxfam cited Forbes’ March 2016 billionaires list to substantiate their claim. In order, the 8 men that control half the world’s wealth are Microsoft founder Bill Gates whose net worth is $75 billion; Amancio Ortega, the Spanish founder of Inditex; Warren Buffett; Carlos Slim Helu; Jeff Bezos of Amazon; Mark Zuckerberg; Oracle’s Larry Ellison; and Michael Bloomberg.

Oxfam warns that this kind of economic inequality will inevitably lead to more drastic and extreme political changes, like the United States’ election of Donald Trump and Britain’s vote to leave the EU.

Winnie Byanyima, executive director of Oxfam International, said, “It is obscene for so much wealth to be held in the hands of so few when 1 in 10 people survive on less than $2 a day. Inequality is trapping hundreds of millions in poverty; it is fracturing our societies and undermining democracy.”

Source: abcnews.com

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Kim K Police Report: I Was Tied Up With Cables, Duct Tape at Gunpoint

After 17 people were arrested in connection to Kim Kardashian’s October robbery in Paris, police have released the reality star’s first-hand account of the event.

Kardashian stated, “I heard a noise at the door, like footsteps, and I shouted, asking, ‘Who’s there?’ No one answered. I called my bodyguard at 2:56 a.m. Through the door, I saw two people arrive, plus the night man who was tied up.”

She continues, “It’s the one with the ski goggles who stayed with me. He demanded with a strong French accent, my ring. It was on the bedside table. It’s worth 4 million dollars. … He took out a gun and I showed him the ring. They grabbed me and took me into the hallway. … I was wearing a bathrobe, naked underneath. Then we went in the room again and they pushed me on the bed. And, it was this time, they tied me up with plastic cables and taped my hands, then they put tape over my mouth and my legs.”

Kardashian’s chauffeur was also implicated in the robbery.

Source: hotnewhiphop.com

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Donald Trump Cancels His MLK Day Visit to African American History Museum

Donald Trump canceled his plans to visit the Smithsonian Museum of African American History and Culture on Martin Luther King Day. The news arrived after Donald Trump called civil rights leader John Lewis “all talk” and “no action.”

A senior level source told ABC News that his visit was canceled due to “scheduling issues.”

Source: nydailynews.com

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Mayweather Shuts Down Dana White: "You Used To Carry My Bags"

Dana White and Floyd Mayweather have been going back and forth over the past few days, and Floyd Mayweather put an end to any possibility of him going through Dana White to negotiate a fight with Conor McGregor on Saturday night, January 14, when he told a Fight Hype reporter that he has no interested in talking to the UFC’s former minority owner. The way Floyd sees it, he himself is a boss, and bosses don’t negotiate boss deals with employees.

“I don’t wanna talk to Dana White. Remember, Dana White [sic] he was a player, he was a boss, but he was a small boss. You know, the big bosses were the Fertittas. But then Fertittas choose to sell the UFC, so Dana is just an employee,” Floyd said, when question arose as to whether he’d be willing to sit down with White if he were to raise his $25 million offer. The TMT honcho had just gotten through breaking down the variables involved in him setting his asking price at $100 million, saying that he came away with around $400 million from his Canelo Alvarez and Manny Pacquiao fights combined. It has been a decade since Floyd last fought for $25 million, when in 2007 he fought Oscar De La Hoya in what at the time was the most lucrative boxing match in history. Back then the UFC was coming into its own, but was by no means the dynamo in the prize fight business that it is today. Floyd went on to remind White of much more humble times. “I can remember Dana White used to hang around with me and Jeff Mayweather, and carry my bags. Dana White, you know I remember you used to carry my bags,” said Mayweather.

Floyd Mayweather has long had a contentious relationship with the power players around him. The Pacquiao fight was delayed for as long as it was because of his vendetta against Bob Arum, dating back to when he was one of Arum’s fighters under Top Rank Promotions. Now that he owns his own promotion company, and has for some time put himself in a position to dictate the terms of his own fights, he often reminds his opponents that they haven’t acquired the leverage he has, when in negotiations. Before finally cutting a deal with Arum to get the Pacquiao fight done, he attempted to talk Manny into leaving the company so that they can represent themselves across the table from one another, as did Miguel Cotto when he left Top Rank prior to signing on for his battle with Floyd in 2012. Before signing off from the interview, the 49-0 legend was sure to remind McGregor of the position he is in under White.

“All I’ve gotta say is this: why every time Conor McGregor go out there and fight, Dana White is still an employee, but Dana White makes more money than Conor McGregor, when McGregor go out there and fight?” asked Mayweather.

Source: instagram.com

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T.I. Pens Open Letter to Donald Trump

After writing an open letter to President Barack Obama, T.I. has penned one for President-elect Donald Trump. In the piece, which was published by Rolling Stone, Tip addressed the controversial businessman turned political figure.

“As you transition into your role as the President of the United States, you will undoubtedly be one of the most watched people in the history of the world,” wrote the King of the South. “So, I can’t help but ask in the midst of our nation’s calamity and discord: What do you want US to see?”

He added: “Should it ever at times seem as though WE are against YOU, I assure you it’s a result of YOU defining yourself as the representative for those who are and who always have been against US. The deck has always been stacked against US in this country. With every generation there has been strategic steps taken to oppress, imprison and control US. All we’ve ever wanted was equality and empathy as the historically disenfranchised citizens that we are, in a nation that we’ve contributed to just as much as anyone else who calls America their home.”

Tip has been critical of Trump in the past, but vowed to make strides towards understanding in the future. “I’m now past bitter and on my way to better,” he noted. “Trying to become a better me so that I can better understand how to see a better you and be better for US. If we all just start there, then I believe we can truly make collective progress.”

Throughout the election process, Trump has mostly been criticized by the hip-hop community. Artists like Common, ScHoolboy Q, Jeezy, will.i.am, Macklemore, G-Eazy, and Nipsey Hussle have all voiced their many concerns in various ways. However, Kanye West has endorsed and met with Trump since the election.

So far, no rapper has volunteered to perform at the President-elect’s upcoming inauguration. But yesterday, YG said he would perform his anti-Trump anthem “FDT” at the event for $4 million.

Source: www.rap-up.com

Future Attends Russell Wilson’s Seahawks vs. Falcons Game

The Future, Ciara, and Russell Wilson love triangle saga continues.

On Saturday (Jan. 14), Hendrix showed up to the Georgia Dome where his hometown Falcons were taking on the Seattle Seahawks. This raised eyebrows, of course, because CiCi’s new husband Wilson is the Seahawks quarterback.

Donning sunglasses and a hoodie, Future didn’t just attend the game. He also hit the sidelines, causing some fans to wonder if he had an effect on the pivotal game’s end result: the Falcons defeated the Seahawks 36-20.

During the game, one fan tweeted: “Falcons got future Hendrix on the sideline they’re liable to win by 21.” Another fan added: “Seahawks can blame this loss on Future being at the game.”

But Future wasn’t the only star on the sidelines. Other celebs at the game included Ludacris, Michael B. Jordan, Usher, and another Ciara ex, Bow Wow, who also got some of the blame.

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A photo posted by @ludacris on Jan 14, 2017 at 4:36pm PST

Ciara and Future have had a contentious relationship after their engagement ended in 2014, including insults, criticism, and a legal fight that’s since been nixed.

Some of the disputes have been focused on their two-and-a-half-year-old son Future. Others have been about Ciara’s new relationship. At one point, CiCi even claimed she was worried Hendrix would murder her new husband.

However, Ciara seemed unbothered by the L. Instead, she posted a photo of herself with Zahir and Wilson along with an optimistic caption. “No Greater Blessing Than Having Family,” she wrote. “We’re Proud Of You @Dangerusswilson.”

Source: www.rap-up.com

Drake Postpones ‘Boy Meets World Tour’

Drake fans got some good news and some bad news this weekend. The good news is that they can expect some “incredible new features” on his upcoming “Boy Meets World” European tour. The bad news? The tour has been postponed.

Drizzy’s management addressed these changes in a statement to fans.

“We would like to inform you that shows on the ‘Boy Meets World Tour’ in Amsterdam, London, Glasgow are being moved to new dates,” reads the statement (via Mirror). “Drake wanted to create a special experience for fans in Europe and the UK so he has added some incredible new features to an already specular production.”

However, those “incredible new features” came at a price. “Unfortunately due to unforeseen production setbacks it will need a little more time to be ready,” the statement continued. “Drake can’t wait to see all his fans so he can deliver an amazing and memorable experience.”

Originally, the tour was slated to begin with back-to-back dates in Amsterdam on Jan. 21-22. From there, he had one show (Jan. 26) in Glasgow before hitting London for six dates (Jan. 28-Feb. 5). The trek is now expected to start in March. Young Thug was previously announced as a supporting act.

In the meantime, Drake is staying busy. Fresh off his Wizkid collaboration “Hush Up the Silence,” he hit the studio with 2 Chainz to record for the Atlanta rapper’s next project, Pretty Girls Like Trap Music. The 6 God has also hinted at an upcoming track with Mike WiLL Made-It.

Additionally, Drake’s Views follow-up More Life is expected to arrive early this year.

#PrettyGirlsLikeTrapMusic

A photo posted by 2 Chainz Aka Tity Boi (@hairweavekiller) on Jan 15, 2017 at 7:38am PST

@mikewillmadeit @troubledte6

A photo posted by champagnepapi (@champagnepapi) on Jan 14, 2017 at 11:33pm PST

Source: www.rap-up.com

YG Offers to Perform ‘FDT’ at Donald Trump’s Inauguration for $4 Million

YG has a proposition for Donald Trump, but the President-elect might not like it.

On Saturday (Jan. 14), the Compton rapper offered to perform his anti-Trump anthem “FDT” at Trump’s upcoming inauguration. However, his proposal came with a $4 million caveat.

“I’ll perform Fuck Donald Trump at his inauguration for $4,000,000,” he tweeted.

Trump’s inauguration week has been the source of controversy. Singer Jennifer Holliday recently backed out of a performance at a Jan. 19 event called “Make America Great Again! Welcome Celebration.” She said she stood with the LGBTQ community and would not endorse Trump with a performance. Rock band 3 Doors Down and country star Toby Keith are still on board with the show.

Previously, the Radio City Rockettes found themselves under criticism for accepting an invite to perform at the Jan. 20 inauguration ceremony.

A single off YG’s 2016 album Still Brazy, the Nipsey Hussle-assisted “FDT” — short for “F**k Donald Trump” — is highly critical of the President-elect. “Woke up one morning and heard this weird ass mothaf**ker talkin’ out the side of his neck,” says the 4Hunnid boss. “Me and all my peoples, we always thought he was straight. Influential mothaf**ker when it came to the business. But now, since we know how you really feel, this how we feel: f**k Donald Trump.”

Source: www.rap-up.com