Former Hip Hop executive, Jimmy Henchman will serve life in prison after being convicted of drug trafficking charges in a Brooklyn court on Friday. U.S. Attorney Loretta Lynch told newsday
“HIS IMAGE AS A MUSIC IMPRESARIO WAS A COVER FOR THE REAL JIMMY ROSEMOND, A THUG IN A SUIT.”
After Barney’s has been accused of racial profiling two black teenagers in the past week, including Trayon Christian who made headlines after being arrested under suspicion of credit card fraud after purchasing a $350 belt at the New York flagship store. Citing racism, numerous petitions have called for Jay Z to pull his partnership with Barney’s for his Holiday Collection . Hov releases a statement regarding his stance on the issue with through his URL over at the LifeandTimes . Read the statement below.
This collaboration lives in a place of giving and is about the Foundation. I am not making a dime from this collection; I do not stand to make millions, as falsely reported. I need to make that fact crystal clear. The Shawn Carter Foundation is the beneficiary and the foundation is receiving 25% of all sales from the collaboration, 10% of all sales generated in the store on November 20th and an additional donation from Barneys. This money is going to help individuals facing socio-economic hardships to help further their education at institutions of higher learning. My idea was born out of creativity and charity… not profit.
I move and speak based on facts and not emotion. I haven’t made any comments because I am waiting on facts and the outcome of a meeting between community leaders and Barneys. Why am I being demonized, denounced and thrown on the cover of a newspaper for not speaking immediately? The negligent, erroneous reports and attacks on my character, intentions, and the spirit of this collaboration have forced me into a statement I didn’t want to make without the full facts. Making a decision prematurely to pull out of this project, wouldn’t hurt Barneys or Shawn Carter, but all the people that stand a chance at higher education. I have been working with my team ever since the situation was brought to my attention to get to the bottom of these incidents and at the same time find a solution that doesn’t harm all those that stand to benefit from this collaboration.
I am against discrimination of any kind, but if I make snap judgements, no matter who it’s towards, aren’t I committing the same sin as someone who profiles? I am no stranger to being profiled and I truly empathize with anyone that has been put in that position. Hopefully this brings forth a dialogue to effect real change.
– Shawn “JAY Z” Carter
Jogga continues to do things differently as he has partnered with Retail store Barneys to release a limited edition clothing line for the Holiday.Featuring collaborations from Lanvin, Balenciaga, Balmain, Proenza Schouler, Rick Owens and Moncler; the collection will be available from November 20th through January 2, 2014. Jay Z will also donate a quarter of the proceeds to the Shawn Carter Scholarship Foundation. Says Jay:
“With this project, Barneys New York and I were able to take the slickness, energy, and innovation of New York City and translate that into quality, timeless pieces. Everything that encompasses ‘A New York Holiday’—the items chosen, the amazing designers that participated, the windows, the design of the BNY SCC Gallery—represents a perfect example of a unique and groundbreaking collaboration that I hope demonstrates how inspiring New York has been to me.”
Check out a couple of the pieces after the jump. Something tells me your going to need to good Ol Saint Nick to bless your pockets to be able to afford some of these.
Although Jay Z and Beyonce make up the top of list of wealthiest celebrity couples , Diddy holds down the numero uno spot, with $50 million earned last year. He is followed by Jay-Z with $43 million, Dr. Dre with $40 million, Nicki Minaj with $29 million and Birdman with $21 million. Peep the list below!
1. Diddy ($50 million)
2. Jay Z ($43 million)
3. Dr. Dre ($40 million)
4. Nicki Minaj ($29 million)
5. Birdman ($21 million)
6. Kanye West ($20 million)
7. Lil Wayne ($16 million)
8. Wiz Khalifa ($14 million)
9. Ludacris ($12 million)
10. Pitbull ($11 million)
11. Drake ($10.5 million)
12. Snoop Lion ($10 million, tie)
12. Eminem ($10 million, tie)
14. Kendrick Lamar ($9 million, tie)
14. Pharrell Williams ($9 million, tie)
14. Macklemore & Ryan Lewis ($9 million, tie)
17. Swizz Beatz ($8.5 million)
18. Tech N9ne ($7.5 million)
19. 50 Cent ($7 million)
20. Lil Jon ($6 million, tie)
20. Rick Ross ($6 million, tie)
20. Mac Miller ($6 million, tie)
20. Young Jeezy ($6 million, tie)
20. Questlove ($6 million, tie)
While Jay Z may have penned the #NewRules , some things just never change, as Jay and Bey top the Forbes highest earning celebrity couples list for the second year in a row, totaling $95 million between June 2012 and June 2013. That’s $15 million more than second place couple, Tom Brady & Gisele Bundchen. Thanks to Beyonce’s “Mrs. Carter World Tour” she out-earned her husband by $11 million while Jay’s stake in the Nets earned a majority of his gross.
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