
Josh E. answered 03/10/20
Computer Science, Math, and Physics!
The wiki page for Rigel is helpful here.
Rigel, when observed telescopically, is actually 4 stars. The primary star is actually a blue super giant. This star is of a variable type called an Alpha Cygni variable, meaning, amongst other things, its magnitude shifts regularly between a maximum and minimum brightness. Because the H-R diagram uses absolute magnitude, Rigel's place on it would vary (for Rigel, about every 2 days). Rigel's mass is very gradually declining because it has very strong stellar winds.
Your questions about black holes is interesting. The 2.5 solar masses you've read about is the minimum mass left over after a supernova needed to form a black hole; smaller than that, neutron matter is capable of countering the gravitational pressure, thus instead forming a neutron star. The larger masses you've read about are various speculations on what the star's mass needs to be before it goes supernova, as that violent event would cause a star to eject most of its mass.