According to PageSix, Richelieu Dennis is the new owner of Revolt.
Following the homeland security raids of Diddy’s Miami and LA homes news broke that the billionaire hip hop mogul sold all of his remaining shares of the media company he founded in 2013, Revolt. We reported Diddy stepped down as chairman of Revolt back in November following the public lawsuit from his ex partner Cassie Ventura.
We reported based on the news released by TMZ that Revolt was purchased by a mystery buyer. At the time of the report the buyer preferred to remain anonymous. PageSix has now released the buyer’s name and according to their sources the co-founder of Shea Moisture and owner of Essence magazine, Essence Girls United, Essence Studios are all subsidiaries under his company Essence Ventures.
If true Richelieu Dennis is now the owner of Revolt and was the mystery buyer.
Dennis has not publicly confirmed or denied the news.
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