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

2024-04-21 pagesixTashara Jones16820

Introduction

Richelieu Dennis will be the new owner of Diddy’s TV venture, Revolt, Page Six is told.Diddy founded the network back in

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

Richelieu Dennis will be the new owner of Diddy’s TV venture, Revolt, Page Six is told.

Diddy founded the network back in 2013. But after his longtime girlfriend, Casandra Ventura (the singer known as Cassie), sued him in November claiming that the rap mogul had raped and abused her, he sold off his shares in Revolt.

Now — as the dust settles from the shocking Homeland Security raids at the mogul’s home in Los Angeles and the Miami area — we’re told Dennis is new owner of Diddy’s portion of the company.

Dennis 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.

Richelieu Dennis sitting with legs crossed on stage. — The business mogul also owns Essence. WireImage

Richelieu Dennis speaking on stage with mic. — The deal is set to be announced in the coming days, sources said. Getty Images for ESSENCE

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Cassie Ventura sued her ex. Getty Images for The Hollywood Reporter

Sean Combs posing on the red carpet. — The 54-year-old has taken a financial hit as a result of his lawsuits. AP

Richelieu Dennis posing on red carpet in black shirt and colorful scarf. — Sources tell us that Sean Combs wanted to keep Revolt as a Black-owned business. Getty Images for ESSENCE

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.

Soon after, Diddy was sued by five other alleged victims. He has consistently denied wrongdoing.

After the raids, Diddy’s attorney Aaron Dyer released a statement to Page Six calling them a “witch hunt.”

Sean Combs LA homes being raided buy police. — Diddy’s Los Angles and Miami homes were raided.

Revolt and Dennis have not returned a request for comment.

(By/Tashara Jones)

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