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Rihanna beats out Beyoncé, Madonna for title of richest female musician

ROLLINGOUT — A day after announcing that Jay-Z is a certified billionaire, Forbes magazine revealed on Tuesday, June 4, 2019, that Rihanna is the richest female musician in the world. The Barbados-born beauty and “Diamonds” singer with more than 71 million Instagram followers beat out some of the music industry’s biggest female performers to take the crown.

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By Terry Shropshire

A day after announcing that Jay-Z is a certified billionaire, Forbes magazine revealed on Tuesday, June 4, 2019, that Rihanna is the richest female musician in the world.

The Barbados-born beauty and “Diamonds” singer with more than 71 million Instagram followers beat out some of the music industry’s biggest female performers to take the crown.

Terry Shropshire

Terry Shropshire

Forbes credits the 31-year-old with becoming the first Black woman to lord over a major luxury fashion house, Fenty Beauty, for helping her to amass a vast $600 million fortune and thus take the title as the wealthiest female musician in the world.

Rihanna is a shoulder-length ahead of the Madonna, who has $570 million, and is significantly ahead of Céline Dion and her $450 million fortune. Beyoncé is listed in fourth place at $400 million.

Forbes, the nation’s most esteemed financial magazine, breaks down how Bad Girl RiRi, who broke Michael Jackson’s record for the most Top Ten Billboard hits of all time, amassed her vast fortune.

“Most of that comes not from music but from her partnership with LVMH, the French luxury goods giant run by billionaire Bernard Arnault,” Forbes states on its website. “Rihanna and LVMH co-own the makeup brand Fenty Beauty. It launched in September 2017 at Sephora, another LVMH brand, and online at FentyBeauty.com, quickly becoming a viral success.”

Forbes said the phenomenal sales of Fenty Beauty are bolstered by Rihanna’s mammoth fame and zealous worldwide social media following that few can match.

Perhaps this is why national beauty chain Sephora quivered when SZA claimed she was racially profiled while shopping for Fenty products in their Calabasas, California, location. Sephora announced they are shutting down all of their 400 stores nationwide on Wednesday to make their 1600 employees undergo racial-sensitivity training.

Currently, Rihanna has a 15 percent ownership stake in Fenty Beauty, which has an estimated worth of more than $3 billion.

This article originally appeared in Rollingout.com

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Bay Area

Community Banking to Community Building

At the heart of our business is the local community bank branch. But a local bank branch, especially in underserved neighborhoods, can be successful only when it fits the community’s needs. That’s why, over the last several years, we have shifted our approach from community banking to “community building” – a boots on the ground approach to better serve the needs of our local communities.

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As we celebrate Juneteenth this year, we are reminded of the promise and hope of the future.
As we celebrate Juneteenth this year, we are reminded of the promise and hope of the future.

Juneteenth is a day like no other. It is both a celebration of freedom and a reminder of the work that still must be done to bring about a more equitable society. So, as we recognize Juneteenth this year, now is the time to harness what unites us and help bring about changes that benefit all communities.

Taking actions focused on racial equity, along with diversity and inclusion, requires collaboration and building trust in the community. JPMorgan Chase is helping to drive sustainable changes through its five-year $30 billion racial equity commitment. With a business-led approach, this commitment aims to help address key drivers of the racial wealth divide in Black, Latino and Hispanic communities by investing in them directly.

Since its launch in October 2020, we have deployed or committed more than $18 billion toward our $30 billion goal. To sustain this progress, we must measure this effort and listen to feedback so we can have even greater impact in closing the wealth gap.

Here is just some of the progress we’ve made toward our commitment while working alongside our community partners across the country thus far:

  • Helped homeowners save money on their monthly mortgage payments by refinancing 19,000 of our 20,000 incremental loans goal
  • Approved funding for approximately $13 billion in loans to help create and preserve more than 100,000 affordable housing and rental units across the U.S.
  • Expanded our homebuyer grant program to $5,000 to help with down payment and closing costs
  • Helped customers open over 200,000 low-cost checking accounts with no overdraft fees
  • Spent an additional $155 million with 140 Black, Hispanic and Latino suppliers
  • Invested more than $100 million of equity in 15 diverse financial institutions that serve more than 89 communities in 19 states and the District of Columbia
  • Mentored more than 1,000 Black, Hispanic and Latino small businesses

Creating Community Impact

At the heart of our business is the local community bank branch. But a local bank branch, especially in underserved neighborhoods, can be successful only when it fits the community’s needs. That’s why, over the last several years, we have shifted our approach from community banking to “community building” – a boots on the ground approach to better serve the needs of our local communities.

Our Community Center branches are the most tangible symbols of our commitment to community building, as they were created to be a unique space in the heart of urban communities that hosts grassroots community events, small business mentoring sessions and financial health seminars.

Currently, we have 12 Community Center branches in neighborhoods like in Oakland, Stony Island in the South Shore of Chicago, Crenshaw in Los Angeles, and Wards 7 and 8 in Wash., D.C.

We’ll continue to add these Community Center branches in underserved communities in Miami, Atlanta, Baltimore, Philadelphia and Tulsa by the end of this year. We’ve also retrofitted over 300 existing branches, to now include spaces for the community to use to help expand access to banking and boost financial health and inclusion among Black, Hispanic and Latino communities.

A More Diverse Workforce

Creating a lasting impact is just as much about the people we hire as it is about the programs we implement. More diverse teams will allow us to generate better ideas and better outcomes, enjoy a stronger corporate culture and deliver a more transformational banking experience to our customers.

Despite the pandemic and talent retention challenges, we continue to boost our representation especially among women and people of color.

We want our branches to represent the neighborhoods they serve, which is why we continue to hire from our local communities. During this time, we’ve hired more than 300 people to community-focused roles: nearly 150 Community Managers, 150 Community Home Lending Advisors, as well as 25 diverse Senior Business Consultants.

The Community Center Manager, in particular, is a new role within the bank whose main job is to serve as local ambassadors to build trust and nurture relationships with community leaders, nonprofit partners, and small businesses.

Over the last year our Community Managers have hosted more than 1,300 community events reaching more than 36,000 nationwide with discussions ranging from ways to increase homeownership, and how to build generational wealth and stability.

As we celebrate Juneteenth this year, we are reminded of the promise and hope of the future.

We are committed to ensuring that you have the resources you need to own a home, start a business, save for college – or achieve any other goals or dreams. We look forward to working together and continuing to create lasting impact for your community and family for years to come.

Sponsored content from JPMorgan Chase & Co

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Bay Area

Headline Concerts Announced for 2022 Marin County Fair – So Happy Together!

The 2022 fair will focus on outdoor entertainment including the headline concerts, performers roaming the grounds such as jugglers, unicyclists, and stilt walkers, and interactive art experiences for fans of all ages. Returning fair favorites will include traditional carnival rides, the Global Marketplace, the Barnyard, food and drinks, and fireworks every night over the Civic Center’s Lagoon Park. The always-popular competitive exhibits program will take place online as it did in 2021.

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Buy Marin County Fair tickets EARLY for the best prices. Online only at MarinFair.org.
Buy Marin County Fair tickets EARLY for the best prices. Online only at MarinFair.org.

Discounted tickets on sale now for June 30 to July 4

Courtesy of Marin County

Renowned for presenting world-class music, the Marin County Fair will have a stellar lineup of bands every night June 30 through July 4, all free with the price of general admission.

The 2022 fair will focus on outdoor entertainment including the headline concerts, performers roaming the grounds such as jugglers, unicyclists, and stilt walkers, and interactive art experiences for fans of all ages. Returning fair favorites will include traditional carnival rides, the Global Marketplace, the Barnyard, food and drinks, and fireworks every night over the Civic Center’s Lagoon Park. The always-popular competitive exhibits program will take place online as it did in 2021.

Here is the music lineup:

Thursday, June 30, 7:30 p.m.: Pablo Cruise

Pablo Cruise began in San Francisco in 1973 as honest, real, down-to-earth vocals, accompanied by fun yet elegant, infectious grooves. In 1975 Pablo Cruise released its first A&M album simply entitled Pablo Cruise. The album cover was shot in the tropical gardens of San Francisco’s Golden Gate Park. In 1977, the album A Place in the Sun was the turning point in the band’s career as they finally entered the mainstream music scene. With hit single “Whatcha Gonna Do?” and the title track “A Place in the Sun,” the album peaked at No. 19 on the Billboard charts. Other chart hits followed, including “Love Will Find a Way” and “Don’t Want to Live Without It,” “I Want You Tonight,” and “Cool Love.” Today, Pablo Cruise is bringing more energy and excitement to the stage than ever before.

Opening band:

Thursday, June 30, 5 p.m.: Matt Jaffe

After cutting his teeth on open mics around the Bay Area, San Francisco songwriter Matt Jaffe was discovered by Jerry Harrison of Talking Heads. Together, they produced Matt’s first album when he was 16, cementing his dedication to music. Matt has written more songs than he can remember the words to, crisscrossed the country opening for Mavis Staples and Wilco, and co-written with Tom Higgenson of the Plain White T’s. Inspired by the great lineage of rock n’ roll, he marries literary lyrics with the undeniable urge to dance. Having suffered from seizures since 2015, Matt also uses his music to unite local and national epilepsy communities. Matt is currently rolling out his fourth and fifth albums, Undertoad and Kintsugi.

Friday, July 1, 7:30 p.m.: Sheila E

Sheila Escovedo picked up the drumsticks and started making music at the precocious age of 3 and delivered her first solo performance to a live audience two years later. She has since established herself as one of the most talented percussionist/drummers and performers in the world. She became a top session and touring musician before the age of 20, performing and/or recording with George Duke, Herbie Hancock, Con Funk Shun, Marvin Gaye (on his final world tour), Diana Ross, Lionel Richie, Gloria Estefan, Patti LaBelle, and Steve Nicks among others. Sheila E.’s producing, arranging, and performance talents have been showcased throughout the music and film industry. In 2014, Sheila released her literary biography titled The Beat of My Own Drum, and her solo album, ICON. Following Prince’s death, she released the single “Girl Meets Boy” in memory of the late, great, Prince. In 2018, Sheila E. released, ICONIC: Message for America, an album that displays her efforts in awareness to social issues and humanitarianism. Her current single, “No Line” with the legendary Snoop Dogg, is Sheila’s continued contribution to the music industry.

Saturday, July 2, 7:30 p.m.: Sons of Champlin

The Sons of Champlin started in Marin County in 1965 by Bill Champlin, Tim Cain, Terry Haggerty, and Geoff Palmer and has been one of Marin’s most beloved homegrown bands for over 50 years. The band has released eight major label albums and a few on indie labels. Bill Champlin has worked on over 300 records and has performed on TV and movie soundtracks, including the lead vocal on “In the Heat of the Night” series starring Carrol O’Connor. He played for 28 years with the band Chicago and managed to fit in a handful of Sons’ gigs during that time. The current lineup is Bill Champlin on keys and guitar and lead vocals; Geoff Palmer on keys and vibes; Alan Hertz on drums; Dick Mithun on bass; Tal Morris on guitar; Tim Cain on sax; Jeff Lewis on trumpet; Doug Rowan on sax; and Tamara Champlin on lead and background vocals. The band has always been a step up musically from the norm. Founding member Terry Haggerty has been known to sit in with the band, which is always an emotional experience for diehard fans. The Sons of Champlin are a Marin County gold mine.

Sunday, July 3, 7:30 p.m.: Digable Planets

Digable Planets burst onto the music scene in 1993 with their Grammy-winning single, “Rebirth Of Slick (Cool Like Dat).” Made up of Ishmael Butler (Butterfly), Craig (C Know/ Doodlebug) Irving, and Mary Ann (Ladybug Mecca) Vieira, the trio carved out a unique style of jazz-informed hip hop. Shortly after, Digable Planets followed up with their debut album, Reachin’ (A New Refutation of Time And Space), melding Jazz samples, and complex rhymes that touched on everything from the nuances of city life (“Where I’m From”) to abortion rights (“La Femme Fetal”). Reachin’ was a rich and vibrant artistic statement as well as a huge commercial success (RIAA certified gold). They immediately followed up with Blowout Comb, a bold and colorful meditation on Black liberation. In 2015, the group embarked upon a string of wildly successful live shows and has been active as a tight touring unit ever since. In 2017, they released Digable Planets Live, a live album that showcases many gems from the group’s catalog as well as the trio’s skill at rocking the crowd with a live band. A pioneering act that continues to cast a considerable influence, Digable Planets have left an indelible mark on music. Nearly 20 years after their debut, their music still shines, and the group continues to bring their celebrated stage show to excited crowds around the world.

Monday, July 4, 7:30 p.m.: George Porter Jr. and Dumpstaphunk perform The Meters

Dumpstaphunk stands out among New Orleans’ best, cementing themselves as one of the funkiest bands to ever arise from the Crescent City. Born on the Jazz & Heritage Festival stage, and descended from Neville and Meters family bloodlines, these soldiers of funk ignite a deep, gritty groove that dares listeners not to move. Their performances combine ingenious musicianship through complex funk, rock, and jazz arrangements accompanied by soulful melodies and Big Easy traditions. George Porter Jr. is best known as the bassist of The Meters, along with Art Neville, Leo Nocentelli, and Joseph Zigaboo Modeliste. The group was formed in the mid ‘60s and came to be recognized as one of the progenitors of funk, then called R&B. The Meters disbanded in 1977 but reformed in 1989. Today, the original group still plays the occasional reunions but the Funky Meters, of which Porter and Neville are still members, most prominently keeps the spirit alive.

Buy Marin County Fair tickets EARLY for the best prices. Online only at MarinFair.org.

Reserved concert seating in a special section is $60 per person and includes fair admission.

Special Admission Days:

Thursday, June 30 — Kids Day and Seniors Day

Kids 12 and under are admitted FREE

Seniors 65-over are admitted FREE

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Community

GOP Candidate for State Controller Lanhee Chen Known for Bipartisanship

Chen, a Fellow at the Hoover Institution, is respected among Republicans and Democrats for his work across party lines. President Barack Obama appointed him to serve on the bipartisan Social Security Advisory Board. And he has served as adviser to several Republican elected officials, including U.S. Senators Mitt Romney (R-UT) and Marco Rubio (R-FL).

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Lanhee Chen. COF.org photo.

By Bo Tefu, California Black Media

Attorney and Stanford Law School lecturer Lanhee Chen is a Republican running for California State Controller.

Chen, a Fellow at the Hoover Institution, is respected among Republicans and Democrats for his work across party lines. President Barack Obama appointed him to serve on the bipartisan Social Security Advisory Board. And he has served as adviser to several Republican elected officials, including U.S. Senators Mitt Romney (R-UT) and Marco Rubio (R-FL).

The Los Angeles Times recently endorsed Chen, stating that his bipartisan experience is an indication that he would be independent in a state government that is majority Democratic.

Chen spoke with California Black Media (CBM) about his plans to promote fiscal accountability, transparency and the state’s economic advancement.

The conversation has been edited for clarity and concision.

CBM: From your perspective, what is the State Controller’s main function?

Lanhee Chen (L.C.) The State Controller is the chief financial watchdog for the state of California. It’s the individual who gives California taxpayers accountability over every single dollar the state spends. The Controller oversees the disbursement of state funds.

The Controller’s office also has an unclaimed property department. The state keeps a catalogue of all the information people need to claim money they forgot they had.

Perhaps the most important thing the controller does is audit. The Controller is responsible for auditing programs ran by the state government. These audits help the Controller figure out where and how the state spends taxpayers’ money.

The main objectives of this role are financial management accounting and fiscal responsibility.

CBM: Why are you running for Controller?

L.C.: I believe that when we think about the challenges California faces right now, some of those challenges are created by a lack of good fiscal management. A lack of a real set of accountability principles around how our money is being spent. My background in policymaking, academics, and business is exactly the kind of experience that is needed for this job. I’ve spent my career solving problems in fiscal and public policy.

All that experience has prepared me to serve in a role which is predominantly about making sure that the state is spending money wisely. The Controller’s independence from other statewide elected officials is the most important. My track record shows that I have a history of working as a bipartisan problem solver.

CBM: Do you feel being a Republican is a disadvantage or an advantage?

L.C.: The obvious disadvantage is the sheer number of Democrats that outnumber the number of Republicans in the state. There are also some ways that the Republican Party hasn’t been a welcoming and inviting place for people of all backgrounds. I have an immigrant background. I grew up in Orange County. My parents came to the U.S. and managed to put together and raise a great family.

One of the major advantages of this job is that I get to be the one asking tough questions who isn’t in the ‘go along to get along club.’ My background and political affiliation will be helpful in terms of making sure we get answers to tough questions.

In terms of working with Democrats, I have a demonstrated record of working with Democrats and I don’t have an issue working with people who want transparency in terms of how we’re spending our money and where it’s going.

CBM: What experience do you bring to this position?

L.C.: Along with my policy background, I’ve served on boards of regional and community healthcare systems. I’ve also been an entrepreneur and investor for small businesses. My experience helps me understand the business and financial aspects of this job. I know how to look at the financials of our state and figure out what’s going right, what’s going wrong, and how do we give people more information.

Seeing I am also an educator, I can help people understand what’s happening in our state budget.

CBM: If you win, what will be your first priority?

L.C.: The first thing we need is transparency into every dollar the state spends. I want to create a fully transparent, searchable, machine-readable database that allows you to figure out exactly our state is spending money. This project will help us set up a government transparency portal that gives us a sense of whether the spending was effective or not.

Second, I want to use the role’s auditing power and dig deeper into how and what we’re spending on. We need clarity on funding that supports the state’s priority issues such as K-12 education, homelessness, and health care.

CBM: A lot of Black and Brown people work for state government. What is your view on unfunded pension liabilities?

L.C.: Ideally, promises made should be promises kept.

I have a big problem with the idea that we play politics and interfere with pension funds. The primary goal of pension funds is to keep people’s retirement earnings safe and ensure that we’re maximizing the return on the investment that we make. Unfortunately, the state isn’t doing that in a lot of cases. CalPERS and CalSTRS both have not been truthful with us for too many years about what their expectations are about how much in unfunded liabilities we have.

CBM: How would you describe your leadership style? And how does that match with the demands of being the State Controller?

L.C.: My leadership style is about establishing goals and having principles. But it’s also critical to understanding that there’s a time to stand on principle and a time to stand alone. That is a delicate balance. Integrity and ethical leadership are pivotal to making sure everybody’s rowing in the right direction.

This role calls for a leader that isn’t afraid of managing conflict. We won’t not always be on the same page. Fiscal responsibility can only be achieved through transparency and accountability. It is my priority to be the type of leader that lets people know that I’m happy to work together, but I won’t back down on my values or compromise my independence.

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