All articles tagged with #richelieu dennis
Diddy has reportedly sold his shares of Revolt TV to Richelieu Dennis, the owner of Essence Magazine and founder of Shea Moisture products. The deal, which has not been publicly disclosed, is said to be in line with Diddy's desire to maintain African American ownership of the network. This comes after Diddy temporarily stepped down as chairman of Revolt amid sexual assault lawsuits.
Richelieu Dennis, the owner of Essence magazine, is reportedly the mystery buyer of Diddy's TV network, Revolt, following Diddy's decision to sell off his shares amid legal troubles. Dennis, who made his fortune in the skincare business, is set to announce the deal in the coming days. The acquisition comes as Diddy faces legal challenges, including a lawsuit from his ex-girlfriend, Cassie Ventura, and Homeland Security raids at his homes. Diddy's attorney has called the raids a "witch hunt," while sources indicate that Diddy wanted to ensure Revolt remains a Black-owned business.