Last year, Hailey Biebers cosmetics brand was bought out by elf Beauty for a whopping $1 billion. This was a huge deal when it happened and made very little sense to a lot of people since Rhode wasn’t considered a big success compared to other celebrity brands so it being bought for that insane amount was confusing.
Now hear me out, I haven’t really followed this or seen much until today but seeing the headline in the first picture here got me thinking. What else was going on last year? The Diddy trial, Justin acting erratically. We all know about the Justin/Usher/Diddy rumors, a lot of people even thought he might have been involved in the trial somehow. Of course we know now that he didn’t go anywhere near it.
The other 2 pictures show that BlackRock and Vanguard are the majority outside investors in Elf Beauty.
So here’s my theory. BlackRock and Vanguard used this business acquisition as a cover to pay the Biebers to stay quiet. Justin’s public erratic behavior also seemed to stop around this time. I’m just spit balling here but when I first saw those names show up when I googled “elf cosmetics investors”, I was a little shook because I was just searching on a whim. Obviously these companies invest in pretty much everything so it’s not that surprising, but what do yall think? Am I crazy lol
Posted by Ok-Historian-6296
2 Comments
Perhaps? Apparently jb was bankrupt from a tour contract/ legal obligation until haily got this pay out so that might have affected his mental health.
It was definitely not worth a billion so probably dodgy in some way.
https://blackrockvanguardwatch.com/ blackrock is the majority shareholder of vanguard and vice versa. Here’s the list of what they own.