This year’s CVFF grant recipients discuss how their businesses changed in 2020 and their hopeful plans for “re-emerging” this summer.

Much about the CFDA/Vogue Fashion Fund looks different this year. Instead of competing in a series of challenges and fashion shows for one grand prize, all 10 of this year’s designers (and designer duos) received a monetary grant and a year of industry mentorship. Given the creative and financial struggles independent designers have faced throughout the pandemic-from canceled orders to production delays to shrinking teams-the decision to give them each a boost of support came easily. Still, bolstering these rising stars is bigger than simply helping them produce another collection; as Anna Wintour, the global editorial director of Vogue and chief content officer of Condé Nast, put it last month, “It’s not only a vote of confidence in their talents, but in a brighter future for American fashion.”

One thing that hasn’t changed about the CVFF, of course, is the level of ingenuity and creativity in the winning designers. This year’s group includes ready-to-wear, accessories, and jewelry makers all over the country, from New York to Los Angeles, Philadelphia, and Maryland. You might know some of their names, while others will be brand-new discoveries. We caught up with them all to discuss how their businesses changed in 2020 and their hopeful plans for “re-emerging” this summer.

Batsheva Hay of Batsheva




Congrats on receiving a CVFF grant! How do you plan to use this funding in the coming year?

I mean, I’ve got a million ways to use it. I think I am really viewing it as giving me a boost in terms of development budget—to try new knits and jewelry out. I will also probably use it to run some Instagram ads, and I wish I were kidding.

What do you hope to learn from your mentors?

How to grow and have longevity; the mistakes they made and how to avoid them; general fashion world wisdom.

How did your business change in 2020?

In every way possible, some good and some bad. It made me lean on my manufacturers and figure out ways to make things that customers actually wanted right then-face masks, oven mitts, house dresses. All of a sudden, all the hype went away. That store you felt so special getting into was not going to pay for your order. The only ones who love you are the customers who feel special in the things you make.

Without travel or in-person gatherings, where have you found inspiration of late?

It hasn’t changed much. I’ve always gotten inspiration from movies, photos, and people walking around.

How do you hope to see people wearing your designs when New York “reopens” this summer?

I’m working on three wedding dresses at the moment, so that’s exciting. People are getting ready to go out and dress up, and I’m here for it. I love dressing to be seen. I call it “immodest-modest.”

Mike Eckhaus and Zoe Latta of Eckhaus Latta




Congrats on receiving a CVFF grant! How do you plan to use this funding in the coming year?

We have some exciting new projects on the horizon-ones we can’t talk about just yet, but we’re thrilled to have extra funding to help facilitate that growth.

What do you hope to learn from your mentors?

We’ve been marching to the beat of our own drum for a while now, so we’re excited to hear a different point of view as it pertains to our business management and strategy.

How did your business change in 2020?

Our retail customers came out of the woodwork to support us wholeheartedly and really helped keep us afloat.

Without travel or in-person gatherings, where have you found inspiration of late?

We’ve been looking at eBay, Etsy, The RealReal and Depop, but truthfully, have always done that. For us, inspiration is more like condensation accumulating, rather than a hose pouring out liquid; it’s never come from one place or one person—we’ve never had a muse-so our inspiration doesn’t feel too impacted by the pandemic.

How do you hope to see people wearing your clothes when New York “reopens” this summer?

This is very exciting for us and, I’m sure, everyone in the industry. As always, we want our clothes to incorporate into people’s pre-existing wardrobe seamlessly and for people to have fun with them... This summer seems like a time where people are going to want to see and be seen more than ever, and we hope people have fun with our clothes while doing that!

Anifa Mvuemba of Hanifa




Congrats on receiving a CVFF grant! How do you plan to use this funding in the coming year?

It’s such an honor to be chosen to receive this grant from some of the top icons in the fashion industry. Truly speechless! I really want to put this funding towards expanding my brand. I would love to further my research and build a team to further pursue technology within different areas of the company

What do you hope to learn from your mentors?

I would really love to gain more insight and professional guidance on the fashion industry. I’m looking forward to receiving feedback on my business and learning ways to take it to the next level. I’d also love to learn how to seek out more meaningful ways to send a message with each collection—messages that support our community, especially Black women, who have supported Hanifa from the beginning.

How did your business change in 2020?

Prior to the pandemic, I had been exploring new ways to present our collections. I experimented with 3-D modeling when sampling my designs and felt it could be interesting to turn those models into real-time sketches. When the stay-at-home order came about, the timing was aligned with some ideas I already had in the works. My team and I decided to use these ideas to innovate and inspire our customers with Pink Label Congo 3. The 3-D show went viral and my brand has been skyrocketing ever since.

Without travel or in-person gatherings, where have you found inspiration of late?

I find inspiration wherever I’m at, whether it’s a vibrant car that passes by or the different textures in the sky. But I feel that the pandemic has forced me to consider what is most important in life at any given time. Creatively, I feel I’m designing more intentionally than ever before and that is translating into my business as well.

How do you hope to see people wearing your designs when New York “reopens” this summer?

In every way possible. The way I describe my customers are “women without limits” and I’ve always vowed to create for them. Our sizing, color, styling, and cuts will always reflect them in the most beautiful way. My brand is designed to make our customers feel seen.

Rebecca Henry and Akua Shabaka of House of Aama




Congrats on receiving a CVFF grant! How do you plan to use this funding in the coming year?

We plan to use the funds to increase customer acquisition on our e-commerce platform, production costs for the collections we are currently working on, and operational expenses.

What do you hope to learn from your mentors?

We hope to learn the nuts and bolts of this business so we can improve our business model and build out our business for longevity.

How did your business change in 2020?

Given the gift of time, we were able to improve our direct to consumer business model and increase customer acquisition and brand exposure which led to increased sales.

Without travel or in-person gatherings, where have you found inspiration of late?

As a mother-daughter design duo, we have found inspiration in ourselves and our continuing desire and fascination with discovering nuanced histories in the Black experience.

How do you hope to see people wearing your designs when New York “reopens” this summer?

We hope that our designs bring a sense of joy, pride, and wonder to the consumer and shared love for nostalgia and sentimentality.

Kenneth Nicholson




Congrats on receiving a CVFF grant! How do you plan to use this funding in the coming year?

The funding will be really helpful in allowing us to continue to grow as we look to add a new team member and further expand upon our marketing and e-commerce platform, which is currently being redeveloped for robust client interfacing.

What do you hope to learn from your mentors?

I hope to glean as much business advice and input as possible! I want to soak up all their seasoned knowledge as it relates to designer and high-end retail relations, marketing, and budgeting, as well as exploring collaborative relationships and projects.

How did your business change in 2020?

[Before the pandemic] in 2020, we had just shown at New York Fashion Week in February. We were planning to return for buyer meetings just as Los Angeles was going into a county-wide lockdown, so we had to restrategize and focus on e-commerce and virtual customer interfacing. Though it was necessary to change our approach, it was a very good year for us in that it caused us to look more to the virtual market place. We also wrote and directed our first short film that was showcased on Runway 360 for New York Fashion Week in September and rounded out the year with a nomination for Emerging Designer of the Year for the CFDA Fashion Awards.

Without travel or in-person gatherings, where have you found inspiration of late?

I find myself always inspired, whether it’s by studying color and sound or falling into a YouTube hole and rewatching all of the marketing for the 1996 MTV Music awards and Calvin Klein ads with Brooke Shields. I’ve also spent a good amount of time draping, sketching, and painting which, pre-lockdown, was not something I was able to do for leisure and inspiration as frequently.

How do you hope to see people wearing your designs when New York and L.A. “reopen” this summer?

I hope to see them wearing them out as an expression of joy. I have always been intrigued by seeing my clothes worn in everyday life, and my team and I definitely look forward to seeing Kenneth Nicholson on the red carpet as more events open up.

Jameel Mohammed of Khiry




Congrats on receiving a CVFF grant! How do you plan to use this funding in the coming year?

We’re building an internship program with the explicit goals of increasing our capacity to realize different creative projects, as well as begin to create a pipeline and an access point for historically underrepresented folks to enter the fashion industry and play an essential role in our own process of envisioning a luxurious Black future.

What do you hope to learn from your mentors?

I think what I have learned to date is that there is a big gap between theory and practice. As it’s always been my goal to build a global brand that can serve as an institution within the fashion and creative industries, I’m really interested in learning some of the behind-the-scenes intricacies involved in scaling a founder-led brand from inception to global recognition over the course of a lifetime.

How did your business change in 2020?

With increased awareness of America’s longstanding racism and white supremacy, as a brand whose initial conceit was to use luxury to propagate visions of Black flourishing, we were quickly identified as being rooted in these issues, and we received a huge influx of editorial and financial support from clients and the industry at large. It really allowed me to see that the accumulated effort that has gone into the brand’s journey so far wasn’t for naught. It allowed me to really believe that the possibilities for the future are limitless.

Without travel or in-person gatherings, where have you found inspiration of late?

I’ve always been a relative homebody, and the pandemic has allowed me to reflect on the fact that that’s actually been the case since I was a really young child. My means of transportation has always been through books, movies—especially documentaries-and emerging theoretical frameworks that seek to explain what we perceive as normal and how we got here.

How do you hope to see people wearing your designs when New York, Philly, and other cities "reopen" this summer?

Boldly! With confidence and a personal flair! The beauty of design to me is the ability to find a way, as a designer, to figure a specific vision into a multitude of unique lives and experiences. I hope that on the other side of the pandemic, people feel a greater freedom to pursue their own unique vision of themselves. I hope that my designs can play a role in that.

LaQuan Smith




Congrats on receiving a CVFF grant! How do you plan to use this funding in the coming year?

My plan is to use the funding as a tool to pull in the resources our brand has always had on a wish list, but hasn’t been able to pursue.

What do you hope to learn from your mentors?

I am hoping to gain insight and firsthand accounts from my mentors. The best advice can be someone’s real life mistakes and successes.

How did your business change in 2020?

My business has gone through so many changes during the pandemic, and the pivots have only made us stronger. We have developed our wholesale business, launched several new collaborations, forayed into activewear, and will soon be launching swimwear.

Without travel or in-person gatherings, where have you found inspiration of late?

My inspiration always comes from those around me and all the content I’ve absorbed sitting at home during quarantine. Getting creative was the main game during quarantine for me.

How do you hope to see people wearing your designs when New York “reopens” this summer?

I hope people remember what glamour is when New York reopens, and [that they] can be unapologetically glamorous even at the grocery store. We’ve had enough lounging. Time to buckle up those heels, ladies!

Abrima Erwiah of Studio 189




Congrats on receiving a CVFF grant! How do you plan to use this funding in the coming year?

Yes! So very thrilled and excited. This is a surreal experience. I plan on using it to improve our ecommerce and fulfillment.

What do you hope to learn from your mentors?

We are ready to take the brand to another level. We are hoping to work with industry leaders that have vast retail and tech experience that will help us achieve our goals.

How did your business change in 2020?

Like many of our peers, we pivoted early on in the pandemic and began making non-medical PPE such as reusable face masks. We became even more focused on social justice issues, launching Fashion our Future following the inequities we were experiencing and witnessing on many levels and in response to the death of Mr. George Floyd, the BLM movement, and the U.S. election. We took a step back and really took stock of where we were coming from and where we are going, and did a lot of deep reflection centered around heritage, legacy, and the promise of the future. We learned how to further work within our supply chain under increasingly and extraordinarily stressful and challenging conditions. We learned to better plan and maneuver and make use of what we had available and try to better communicate and educate our clientele.

We grew our customer base and have been very lucky to see an increase in interest and demand towards a brand like ours. We also opened new wholesale accounts where we are very honored to be carried, including Bergdorf Goodman and Nordstrom. We received a tremendous amount of support from our entire community and we got to see many of our corporate and non-profit partners quietly step up and support us, encourage us, mentor us, and help ensure we made it through to the other side. This includes partners such as Vogue, the CFDA, Harlem’s Fashion Row, Raise Fashion, Tresemme, IMG, Endeavor, In the Blk, and so many more. We also learned how resilient and powerful our team is and how important it was for everyone to step up internally and ensure a shared communal success. We are proud and grateful for this whole community.

Without travel or in-person gatherings, where have you found inspiration of late?

I find it everywhere. Mostly I am inspired by the power and resilience of people. By all the badass and incredible, creative, and innovative projects popping up. By seeing so many people, brands, and organizations rise to the challenge and grow into their power and find their voice and forge their path. I am very hopeful. I am very proud of being surrounded by so many change agents at every level. So many that are doing their work with beauty and grace throughout this storm.

How do you hope to see people wearing your designs when New York “reopens” this summer?

I see people buying clothes now for weddings, graduations, events... There have been many inquiries from people wanting to buy our clothes for special occasions. I love that so much. It means that we will be a part of their memory. It means that they have been very thoughtful and considerate about their purchase and decision on which brand to support and for what reason. It's like we are being invited as a special guest to share their special moment... like, all of us at Studio 189 (every single person along the supply chain). It makes me feel as if there is a real dialogue between the makers/artisans and those customers finding joy and moments to celebrate. We all need joy. It’s very positive for the makers, to see their work honored and appreciated and it’s very positive for the customer, to know that they are making a positive impact. It’s a mutually beneficial experience. And these moments of joy are not exclusive to major events; we are seeing people write to us about wanting to wear something as soon as the sun comes out, or to do basic tasks, but considering these months of lockdown what was once a basic task is now actually a moment to be present and to appreciate, like taking a walk. We are so glad that they are choosing our brand to wear for these occasions.

Edvin Thompson of Theophilio




Congrats on receiving a CVFF grant! How do you plan to use this funding in the coming year?

With this fund I will be able to [build] a solid team. I hope to establish a studio and showroom space at the Brooklyn Navy Yard and expand my brainchild’s DNA with additional styles and accessories. I plan to design multiple signature bags along with a promising perfume launch.

I will continue producing here in New York in support of domestic manufacturers and local businesses. I hope to connect with organizations that support young creatives and clothing factories in Jamaica. Nevertheless, I will continue championing my home country Jamaica through my design stories.

What do you hope to learn from your mentors?

I hope to learn from my mentors how to navigate the business of fashion: how to finance my business without the fear of being in debt, and when to be content with the pace of the business’s growth.

How did your business change in 2020?

In 2020, I decided to run my business full time. That was a major change and a reward.

Without travel or in-person gatherings, where have you found inspiration of late?

Being stuck at home, watching movies, listening to music, and getting the chance to go through my past work really brought about many inspirations.

How do you hope to see people wearing your designs when New York “reopens” this summer?

This summer everyone will be eager to go out and show out, including myself! I see men and women wearing my designs at the beach, for a romantic night out, or even for a day at the museum. My designs assist everyone in all that they do, especially when we have celebrations.

Willy Chavarria




Congrats on receiving a CVFF grant! How do you plan to use this funding in the coming year?

The grant will properly build out our direct-to-consumer business. Our website is our most personal contact with our customer family. We want to offer the most optimal service we can through this venue. But the award is so much more than the funding.

What do you hope to learn from your mentors?

I hope to learn a bit more about business strategy. The Willy brand has grown on intuition and connection with our audience. It’s time for me to share the brand with a much wider audience.

How did your business change in 2020?

Twenty-twenty was the year of truth and endurance for my team and me. We pivoted our business to be intimately focused on reaching our customers through our Instagram and web store.

Without travel or in-person gatherings, where have you found inspiration of late?

Inspiration for me is found in the world’s state of consciousness. Twenty-twenty was profoundly moving and deeply inspiring. Rediscovering our human values and the time we have had to be introspective has been incredibly inspiring.

How do you hope to see people wearing your designs when New York “reopens” this summer?

I hope to see people redefining themselves in bold silhouettes that speak to the open space we can now occupy—this while kissing in the streets.

Figure falls below analyst expectations, easing economic concerns
Singapore’s core inflation rose just 0.6 percent year-on-year in June, coming in below market forecasts and signaling a further easing of consumer price growth.

The slowdown, attributed to lower costs in services and goods, supports the view that inflationary risks in the city-state are gradually subsiding.
City-state’s green transformation inspires international praise
Singapore’s large-scale regreening initiatives are earning global recognition as a blueprint for sustainable urban development.

Through a combination of vertical gardens, forest restoration, and green building policies, the city has successfully integrated nature into dense urban spaces, offering a model for other global cities facing climate and livability challenges.
Incident sparks controversy over workplace injury claim
A woman in Singapore has died just one day after publicly accusing an Indian worker of faking a workplace injury for compensation.

The incident has triggered widespread debate on social media, with authorities now examining the circumstances surrounding both the accusation and her sudden death.
Global mobility index shows shift in travel access rankings
The 2025 global passport index reveals a reshuffling of ranks, with the United States and United Kingdom seeing declines in their travel access scores, while India makes significant gains.

The results reflect evolving visa agreements and international mobility trends, underscoring the growing influence of emerging markets on global travel dynamics.
Central bank to weigh figures ahead of policy decision
Singapore’s headline inflation rate has remained at its lowest level in more than four years, reinforcing expectations that the Monetary Authority of Singapore may maintain its current policy stance.

The latest data show price pressures continuing to ease, providing relief to households and policymakers alike as global inflation cools.
Agreement aims to open markets and strengthen bilateral trade ties
Indonesia has agreed to reduce tariffs and ease non-tariff barriers as part of a trade deal with the United States, a move expected to boost bilateral commerce and improve access for American businesses.

The framework includes the streamlining of import rules and lower duties on key products, paving the way for expanded trade cooperation between the two countries.
Elimination of barriers praised as economic breakthrough
President Donald Trump has described the new trade deal with Indonesia as a major win for American businesses, citing the elimination of significant trade barriers and enhanced access to Southeast Asian markets.

The agreement is part of the administration’s broader effort to rebalance global trade relationships in favor of U.S. industries.
Trump administration announces sweeping regional trade update
The Trump administration has unveiled a series of revised trade agreements with Japan, Indonesia, and the Philippines, introducing updated terms aimed at increasing U.S. exports and reducing trade deficits.

The new pacts cover tariff reductions, regulatory alignment, and strategic cooperation, positioning the U.S. for deeper economic engagement across the Asia-Pacific region.
Final negotiations enter advanced stage amid economic push
The White House has unveiled the framework for a new trade agreement with Indonesia, signaling the near completion of negotiations aimed at enhancing market access and reducing trade friction.

The plan outlines commitments from both sides on tariff adjustments, regulatory reforms, and investment protections, reinforcing the U.S. focus on strategic economic ties in Southeast Asia.
Trade deal retains duties despite broader concessions
Despite the broader trade deal between the United States and Indonesia, the Trump administration has decided to retain a 19 percent tariff on certain Indonesian exports.

The decision reflects ongoing concerns over competitive pricing and labor practices, even as both countries work to expand overall trade cooperation under the new agreement.
Talks aim to reduce 36 percent levy on key Thai goods
Thailand is close to finalizing a trade deal with the United States that would reduce a 36 percent export tariff on Thai products.

Negotiators report that more than 90 percent of the terms have been agreed upon, with both sides optimistic about reaching a final agreement that will enhance bilateral trade flows.
Charter reform delays signal continued political gridlock
Thailand’s government has acknowledged that the constitutional amendment process is unlikely to be completed within the current parliamentary term.

The announcement reflects persistent political divisions and limited consensus on proposed reforms, dealing a setback to efforts aimed at reshaping the nation's governance framework.
Tensions rise amid cross-border military allegations
Thailand has formally accused Cambodia of planting new landmines along their shared border, escalating tensions between the two Southeast Asian neighbors.

Thai military officials claim recent discoveries indicate unauthorized activity, prompting calls for an international investigation and increased patrols in the disputed areas.
Strategic plan aims to redefine the country’s travel sector by 2026
Thailand has launched 'The New Thailand' vision, a comprehensive initiative to modernize and reposition its tourism industry by 2026.

The strategy includes sustainability goals, upgraded infrastructure, and a renewed focus on experiential travel, with the aim of attracting high-quality visitors and reinforcing the country’s global appeal.
Strong winds and flooding risk remain despite downgrade
Tropical Storm Wipha has weakened, but meteorologists warn that much of Thailand will still experience heavy rainfall and strong winds over the coming days.

Authorities are advising residents in low-lying and coastal areas to remain vigilant as flooding and landslides remain a significant concern despite the storm’s downgraded status.
Country strengthens its position as a top global destination
Thailand has achieved a new milestone in tourism by reporting a sharp increase in Russian visitor arrivals, defying broader global travel challenges.

Officials attribute the surge to targeted marketing, relaxed visa measures, and the country’s sustained appeal as a premier tropical destination.
Thai boxer to face Leona Rodríguez in silver title defense
Thailand’s Wisuta Sririttidet is set to face Leona Rodríguez in a bid for the WBC Silver Atomweight Title.

The bout is expected to draw international attention as Sririttidet prepares to challenge the reigning champion in what promises to be a high-stakes matchup in the women’s boxing circuit.
Tech consultancy boosts capabilities with local acquisition
Accenture has strengthened its footprint in Malaysia through the acquisition of Aristal, a domestic technology solutions provider.

The deal aims to enhance Accenture’s ability to deliver digital transformation services in the Malaysian market and support the nation’s broader push for tech-driven economic growth.
New strategies aim to boost global appeal and arrivals
Malaysia has announced a bold plan to attract 47 million international tourists by 2026, focusing on digital campaigns, infrastructure investment, and strategic partnerships.

The Tourism Ministry outlined initiatives to enhance visitor experiences and position the country as a premier destination in the global travel market.
RM100 payment to every adult citizen to counter inflation
Prime Minister Anwar Ibrahim has unveiled a new relief plan to tackle Malaysia’s rising cost of living, including a one-off RM100 cash handout for all adult citizens and a targeted fuel subsidy scheme.

The initiative is designed to ease public dissatisfaction over inflation and growing economic pressures, as the government seeks to bolster household purchasing power.
Negotiations aim to soften impact of looming trade duties
Malaysia is in active discussions with the United States to reduce expected tariffs on its exports, seeking to limit the rate to 20 percent.

The government is engaging with American counterparts to protect key industries and preserve competitiveness amid shifting global trade dynamics.
Logistics giant recognized at CSR Malaysia Awards 2025
FedEx has received dual accolades at the Sustainability and CSR Malaysia Awards 2025, highlighting its environmental and community-focused initiatives.

The company was praised for its leadership in green logistics and corporate responsibility, reinforcing its commitment to sustainable growth in the region.
Invisalign debuts metal-free palatal expander for children
In a major advancement in orthodontic care, Invisalign has introduced a 3D-printed, metal-free palatal expander for children in Malaysia.

The innovative device offers a less invasive and more comfortable alternative to traditional treatments, reflecting a growing trend toward personalized and technology-driven dental solutions.
New partnership to enhance brand engagement in Malaysia
Gigi Coffee has named Chariot Agency as its new creative partner, tasking the firm with leading brand strategy and marketing campaigns across Malaysia.

The collaboration aims to strengthen Gigi’s market presence and connect more deeply with its growing customer base through innovative storytelling and design.
Higher power consumption drives reliance on fossil fuels
In response to surging domestic energy consumption, Malaysia is ramping up coal-fired power output and increasing coal imports.

Officials say the move is necessary to maintain grid stability and prevent shortages, despite environmental concerns and growing pressure to transition toward renewable sources.
Unmanned aircraft falls amid cross-border tensions
A military drone operated by Myanmar’s junta has crashed near the Thai border, raising concerns over airspace violations and regional security.

The incident comes amid heightened military activity and clashes with resistance groups in border regions, prompting authorities on both sides to monitor the situation closely.
Resistance forces say they shot down the aircraft
A Myanmar military fighter jet has reportedly gone missing, with a local resistance group claiming responsibility for shooting it down.

The aircraft vanished from radar during operations in contested territory, and while the military has not confirmed the cause, anti-junta forces have posted images allegedly showing the crash site and wreckage.
Now AI voice clones, and eventually video clones, can impersonate people in a way that Altman said is increasingly "indistinguishable from reality"

OpenAI CEO Sam Altman warned the financial industry of a "significant impending fraud crisis" because of the ability of artificial intelligence tools to impersonate a person's voice to bypass security checks and move money. Altman spoke at a Federal Reserve conference Tuesday in Washington.

"A thing that terrifies me is apparently there are still some financial institutions that will accept the voiceprint as authentication," Altman said. "That is a crazy thing to still be doing. AI has fully defeated that."

Voiceprinting as an identification for wealthy bank clients grew popular more than a decade ago, with customers typically asked to utter a challenge phrase into the phone to access their accounts.

But now AI voice clones, and eventually video clones, can impersonate people in a way that Altman said is increasingly "indistinguishable from reality" and will require new methods for verification.

"That might be something we can think about partnering on," said Fed Vice Chair for Supervision Michelle Bowman, the central bank's top financial regulator, who was hosting the discussion with Altman.

The popular host Joe Budden recently made headlines after accidentally sharing a screenshot that revealed he earns close to $900,000 per month—and later confirmed that his podcast network is on track to generate over $20 million in revenue by 2025. Budden represents a growing trend among independent audio creators who are trying to reduce their reliance on the industry’s major players—an industry that, according to new data, now generates $7.3 billion annually.

A Billion-Dollar Boom for Podcasts

According to a recent report from research firm Owl & Co, the global podcast industry brought in $7.3 billion last year—more than double most prior estimates. This surge reveals that podcasting, still a relatively young entertainment format, is bringing in far more money than many insiders had previously realized.

Advertising accounts for the bulk of these revenues, with the rest coming from paid subscriptions. These numbers do not include live events, such as the wildly popular British political podcast The Rest is Politics, which sold out London’s O2 Arena for a live taping.


Joe Budden’s Accidental Disclosure

In this booming market, one of the most surprising success stories is that of Joe Budden, a former rapper once dubbed “the Howard Stern of hip-hop.” Last month, Budden unintentionally posted a screenshot from Patreon—a subscription platform where fans can pay creators directly. The image showed over 30 million views in 30 days.

While the revenue figures were blacked out, internet sleuths edited the image and discovered that Budden had likely earned over $900,000 in that single month, backed by more than 154,000 active subscribers. The figures quickly made headlines. Budden’s latest Patreon update and podcast episode even referenced the leak with a title that cheekily reads “Blackout the Numbers.”


On Track for $20 Million+ in 2025

According to Ian Schwartzman, CEO of the Joe Budden Network, the platform is now averaging $1.04 million per month on Patreon. “We have around 70,000 paying subscribers, with subscription tiers ranging from $5 to $50 per month. Higher tiers offer access to more content, including exclusive spin-off shows,” Schwartzman told The New York Times.

Budden’s Patreon offers four subscription levels:

  • Homies ($5/month) – Ad-free episodes and bonus content.

  • Family ($10/month)

  • Friend of the Show ($25/month)

  • Part of the Show ($50/month) – Includes a chance to appear on-air and have your name in the credits.

These subscription revenues alone could exceed $12 million in 2025, making Budden one of the highest-earning creators on Patreon—a claim that a Patreon spokesperson has confirmed.


Advertising Still Adds Millions

But subscriptions aren’t Budden’s only income stream. Advertising also contributes millions in additional revenue, said Schwartzman. Notably, Budden’s team sells their own ads directly, instead of partnering with major networks like iHeartWondery, or SiriusXM, which often take a cut of ad revenues.


From $500 a Week to Industry Powerhouse

Budden’s journey hasn’t always been lucrative. Back in 2017, when he co-hosted a show on the media platform Complex, Schwartzman recalls that they were struggling to break even. Budden himself has said he was surviving on a $500-per-week stipend at the time.

From 2018 to 2020The Joe Budden Podcast had an exclusive licensing deal with Spotify, which paid under $2 million per year and didn’t include ad revenue or equity.


Leaving Spotify: A Strategic Reboot

After a tense split with Spotify, Budden and Schwartzman began shopping for new distribution deals. But negotiations often broke down over exclusivity clauses. In one case, a potential $44 million deal was rejected because it required removing all content from YouTube.

“As the money goes up, so do the demands,” said Schwartzman. “We wanted someone who saw our value and would let us stay in the game.”

In 2021, they found their fit in Patreon—no guaranteed check, but equity in the company and advisory roles for both Budden and Schwartzman. “Joe is in a league of his own,” said Patreon CEO Jack Conte. “Earning $1 million a month on Patreon is extremely rare.”


A New Model for Creator Power

Since hitting that revenue milestone in November, the Joe Budden Network hasn’t slowed down. Conte credits Patreon’s creator-first model, noting: “Artists today have more leverage and control than ever before in the history of the arts.”

The U.S. President disclosed new trade deals that include reduced tariffs and investment pledges from key Asian economies, with Japan committing $550 billion in U.S.-based projects
Former U.S. President Donald Trump has announced a series of new trade agreements with Japan, Indonesia, and the Philippines, detailing what he described as transformative developments for the American economy.

According to statements released on his social media platform, Japan has pledged to invest $550 billion in the United States, with 90% of profits reportedly expected to remain within the country.

The trade agreement with Japan includes significant tariff adjustments, with Japanese imports to the U.S. subject to duties ranging between 15% and 19%.

In return, the Japanese market will open further to U.S. goods, including automobiles, trucks, rice, and other agricultural products.

Trump stated that the investment deal would generate hundreds of thousands of jobs.

Following the announcement, Tokyo’s stock exchange experienced a 3.5% surge, marking the highest closing since July 2024.

Additionally, Japan's 10-year government bond yield rose by 9 basis points to 1.60%.

The agreement with Indonesia entails the removal of 99% of tariffs on American industrial, technological, and agricultural products entering the Indonesian market.

In contrast, Indonesian exports to the U.S. will be subject to a 19% import tariff.

The deal includes commitments by Indonesia to supply critical minerals to the United States and purchase American goods, including Boeing aircraft, agricultural exports, and energy products, in contracts valued in the tens of billions of dollars.

A similar framework has been established with the Philippines, where American products will be exported tariff-free, while Philippine goods entering the U.S. market will face a 19% tariff.

During a state visit by Philippine President Ferdinand Marcos Jr. to Washington, the two countries signed a trade agreement that also includes military cooperation initiatives.

These agreements come two weeks after Trump previously announced plans to impose higher tariffs on several Asian nations—32% on Indonesia, 30% on Japan, and 25% on the Philippines—due to the expiration of a moratorium on his proposed trade measures.

The recent negotiations have led to revised terms and apparent withdrawal from those earlier tariff levels.

Japanese and regional media outlets have prominently covered the announcement, with front pages in Tokyo highlighting the scale of the trade and investment commitments.

The agreements mark a shift in bilateral economic relations between the United States and several Asian partners, following extended negotiations involving trade liberalization and strategic collaboration.
New visa-free agreements boost international mobility for Vietnamese citizens
Vietnam's passport has climbed to the 84th spot in global rankings, reflecting significant gains in visa-free or visa-on-arrival access.

The surge follows new agreements with countries like Poland, Czechia, and Switzerland, contributing to a growing sense of international mobility and positioning Vietnam as an increasingly connected nation in global travel networks.
Robust exports and reform optimism push GDP to new heights
Vietnam’s gross domestic product has recorded its highest first-half growth in 15 years, driven by strong export performance and investor confidence in ongoing structural reforms.

The upbeat economic indicators reflect a resilient recovery from global downturns and position Vietnam among Asia’s top-performing economies in 2025.
Anniversary highlights growing cooperation and strategic partnership
The United States and Vietnam have commemorated the 30th anniversary of normalizing diplomatic ties, underscoring deepening cooperation in trade, education, and regional security.

Leaders from both countries highlighted their shared interests and growing people-to-people exchanges, as Vietnam continues to emerge as a strategic partner in Southeast Asia.
Proposal aims to attract foreign experts and fuel economic growth
Vietnam is considering introducing a five-year visa exemption for foreign experts in key sectors as part of its broader strategy to attract global talent and boost long-term economic development.

The move is expected to facilitate international collaboration in science, technology, education, and business, while reinforcing Vietnam’s competitiveness on the world stage.
Thunderstorm blamed for capsizing of vessel with many still missing
At least 28 people have died after a tourist ferry capsized in Vietnam’s Ha Long Bay during a sudden thunderstorm.

The incident, which occurred amid rough weather conditions linked to Tropical Storm Wipha, has left several others missing, including children.

Rescue operations are ongoing, with survivors describing narrow escapes and authorities investigating safety lapses on board.
Heavy rains and strong winds cause severe flooding and transport disruptions
Tropical Storm Wipha has made landfall in northern Vietnam, bringing fierce winds and torrential rain that triggered widespread flooding and disrupted transportation across the region.

Authorities in Hanoi, Ha Long Bay, and Ninh Binh issued warnings as rivers overflowed and hundreds of flights were delayed or canceled.

Emergency teams are responding to affected areas as residents brace for continued rainfall and possible landslides.
Shops selling illegal animal products target Chinese tourists
Authorities in Laos have uncovered a network of illegal wildlife shops allegedly scamming Chinese tourists with counterfeit or restricted animal products.

Conservationists warn that these operations not only harm protected species but also damage the country’s reputation as a responsible tourism destination.

Officials are now stepping up enforcement to combat trafficking and tourist fraud.
Hairy, dwarf-like creature found in tree confirmed as previously unknown species
A mysterious, hairy creature spotted high in a tree in northern Laos has been identified by scientists as a new species of primate.

The dwarf-like animal, notable for its dense fur and diminutive size, was initially mistaken for a local myth.

Researchers say the discovery highlights the rich biodiversity of the region and underscores the need for greater environmental protection amid expanding development.
Drop in recycling prices worsens environmental burden
Laos is grappling with a mounting plastic waste crisis as falling international recycling prices reduce incentives for collection and reuse.

The resulting accumulation of waste is straining urban infrastructure and threatening rivers and forests.

Environmental groups are calling for urgent reforms in waste management and increased investment in domestic recycling capabilities.
Lodkeo Inthakoumman claims top spot in international road race
Laotian athlete Lodkeo Inthakoumman dominated the women's field at the Pattaya Marathon, crossing the finish line ahead of an international field of competitors.

Her victory is being celebrated as a moment of national pride in Laos, where officials hope her success will inspire greater participation in competitive athletics.
LamoPay aims to revolutionize digital payments and tourism
Laos and Vietnam have launched a new cross-border e-wallet system named LamoPay, designed to streamline digital payments and enhance tourism between the two nations.

Officials say the initiative will improve convenience for travelers and support bilateral trade through seamless transactions, marking a key milestone in ASEAN's regional digital integration strategy.
New trade sanctions target 14 nations amid global supply chain concerns
Former U.S. President Donald Trump has imposed sweeping new tariffs on 14 countries, including a 40 percent levy on imports from Laos and Myanmar.

The announcement, which comes amid growing debate over trade security, is expected to complicate economic relations and prompt diplomatic pushback from Southeast Asian governments.
Cambodian Prime Minister warns of a 'red line' amid rising tensions
Cambodian Prime Minister Hun Manet has issued a stern warning to Thailand, stating that the Ta Moan Thom Temple lies within Cambodian territory and any Thai provocation constitutes a violation of sovereignty.

The border dispute has reignited fears among local residents and prompted military readiness from both sides, with the Thai army reportedly threatening a temporary temple closure and Cambodia accusing Thailand of crossing a 'red line' in their actions.
Authorities intensify efforts to dismantle cybercrime rings targeting foreigners
Cambodian authorities have arrested more than 2,100 individuals over the past three weeks as part of an ongoing nationwide crackdown on online scam centers.

The raids, conducted in cooperation with regional and international partners, aim to dismantle sophisticated human trafficking and cyber fraud networks that have increasingly used Cambodia as a base of operations.
New powers allow the state to strip nationality in cases of perceived disloyalty
Cambodia’s National Assembly has passed a constitutional amendment permitting the government to revoke citizenship from individuals deemed to threaten national security or commit acts of treason.

Critics argue the change could be used to silence dissent, while the government insists it is necessary for national integrity and to deter subversive activities.
ITMO pilot includes 8,000 electric scooters to cut emissions under Paris Agreement
Cambodia and South Korea have jointly launched a landmark carbon trading initiative under Article 6.2 of the Paris Agreement, marking the Kingdom’s first international carbon market partnership.

The ITMO pilot includes the delivery of 8,000 electric scooters aimed at reducing urban pollution and supporting a national transition to clean transport solutions.
National carrier asserts design is inspired by Khmer heritage and identity
Air Cambodia has pushed back against accusations of brand plagiarism following its rebranding and the launch of new international routes, including a service to Shenzhen.

The airline stated that its design choices are deeply rooted in Cambodian cultural symbolism, emphasizing that the new look reflects national pride and identity rather than imitation.
Deal includes economic incentives and defense cooperation framework
Donald Trump has revealed that the United States has reached a broad military and trade agreement with the Philippines, combining economic concessions with enhanced security collaboration.

The deal was finalized during President Marcos Jr.’s visit to Washington, where both leaders highlighted the importance of countering Chinese influence in the region.

Although exact military terms remain undisclosed, the agreement is expected to strengthen bilateral defense ties and open new avenues for American investment in the Philippines.
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