Essence magazine owner Richelieu Dennis is mystery buyer of Diddy's TV network Revolt: sources

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Essence magazine owner Richelieu Dennis is mystery buyer of Diddy's TV network Revolt: sources
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“The deal is already done, and they are getting ready to announce it in the upcoming days,” an insider told Page Six of the Revolt sale.

Casandra Ventura , sued himDennis made his fortune in the skincare business. He co-founded Shea Moisture in Harlem in the 1990s and sold it to household goods giant Unilever.

In 2018 he made a bold foray into the media world by purchasing the storied Essence magazine from Time Inc.called for a change of management “But of course, now with the raid and everything else going on, it will appear as though he is purchasing after the fact.” “It was important Sean to get a buyer that was African American because he wants to keep the legacy of having a Black-owned business,” said the insider. “He started it off that way and he wants it to continue on that path.”Ventura dated Diddy for 10 years, and late last year the “Official Girl” singer sued her ex.

Diddy denied the allegations, with his lawyer suggesting the claims were shakedown attempt. But they settled out of court within 24 hours of the filing.

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