*Meet America’s Black billionaires. They’re entertainers, media moguls, elite athletes, music artists, tech tycoons, and buyers.
Stacker compiled a listing of the ten richest Black People utilizing information from Forbes. People had been ranked by their total wealth rating, with the richest individual taking the #1 spot.
America’s Black billionaires signify an array of industries and enterprise ventures; nonetheless, over half of these on this checklist made the majority of their wealth within the sports activities or leisure industries. The individuals on this checklist are price $27 billion mixed, which is some huge cash—however that’s simply one-eighth of the online price of the world’s richest individual, Elon Musk, at an estimated $218 billion.
The USA is house to essentially the most billionaires of any nation represented on Forbes’ checklist of two,640 billionaires in 2023. And but, of the 1,000 wealthiest individuals on this planet, solely two are Black People. This wealth hole outcomes from long-standing practices in america that denied Black People the flexibility to build up wealth whereas their labor usually contributed to the wealth of white People. This dates again to slavery and continued with discriminatory practices within the housing and labor markets which have by no means been totally redressed.
Regardless of these obstacles, America’s Black billionaires have risen to the highest tiers of economic success.
#10. Tyler Perry
– Internet price: $1 billion– International wealth rank: 2,593– Age: 53– Supply of wealth: Films, Tv
Tyler Perry is a director, actor, producer, and author who constructed his empire from motion pictures and tv. He owns 100% of his content material, together with the favored “Madea” franchise. Perry lives in Atlanta, the place his 330-acre, 12-stage Tyler Perry Studios is situated.
#9. LeBron James
– Internet price: $1 billion– International wealth rank: 2,537– Age: 38– Supply of wealth: Basketball
Thought of one of many all-time best basketball gamers, LeBron James is the primary lively NBA participant to make Forbes’ billionaire checklist. James began his NBA profession at 18 years outdated with the Cleveland Cavaliers, and he went on to play for the Miami Warmth and his present group, the Los Angeles Lakers. Past basketball, James makes cash by endorsement offers with Pepsi, Walmart, and Nike and has fairness in Beats by Dre and Blaze Pizza.
#8. Tiger Woods
– Internet price: $1.1 billion– International wealth rank: 2,505– Age: 47– Supply of wealth: Golf
Tiger Woods is taken into account the most effective golfers ever and is tied for first in PGA Tour wins. He’s the second lively athlete—after LeBron James—to make the Forbes billionaire checklist. Past golf, Woods makes cash by his investments in actual property, a golf course design enterprise, a high-end mini-golf chain, and TMRW Sports activities, a tech and sports activities enterprise he co-founded with plans to launch a brand new golf league.
#7. Tope Awotona
– Internet price: $1.2 billion– International wealth rank: 2,303– Age: 42– Supply of wealth: Software program
Tope Awotona is the founder and CEO of Calendly, a software program firm that automates assembly scheduling. Born in Nigeria, Awotona and his household immigrated to Atlanta when he was a youngster. He has a background in gross sales for tech corporations and based Calendly in 2013.
#6. Alexander Karp
– Internet price: $1.8 billion– International wealth rank: 1,700– Age: 55– Supply of wealth: Software program agency
Alexander Karp is co-founder and CEO of Palantir, a software program firm specializing in large information analytics pushed by synthetic intelligence. Palantir does contract work for the Division of Protection, the FBI, and the Danish Nationwide Police, which use the platform for protection and intelligence technique. Karp is initially from New York and grew up in Philadelphia; Palantir is headquartered in Denver.
#5. Michael Jordan
– Internet price: $2 billion– International wealth rank: 1,528– Age: 60– Supply of wealth: Charlotte Hornets, endorsements
Michael Jordan is taken into account one of many all-time best basketball gamers alongside LeBron James. Jordan gained six NBA titles with the Chicago Bulls within the Nineteen Nineties. At present, his wealth comes from proudly owning the Charlotte Hornets NBA group, co-owning a NASCAR group, investing in DraftKings, and endorsement offers with Nike, Hanes, and Gatorade.
#4. Jay-Z
– Internet price: $2.5 billion– International wealth rank: 1,256– Age: 53– Supply of wealth: A number of
Jay-Z, whose identify is Shawn Carter, is a multihyphenate and hip-hop’s first billionaire. He’s a rapper, document producer, and entrepreneur married to singer Beyoncé. Jay-Z’s wealth comes from his nice artwork assortment, music catalog, the Roc Nation leisure firm he based, and numerous model investments, together with liquor, clothes strains, music streaming, a sequence of sports activities bars, and extra.
#3. Oprah Winfrey
– Internet price: $2.5 billion– International wealth rank: 1,254– Age: 69– Supply of wealth: TV reveals
Oprah Winfrey was the primary Black lady billionaire within the U.S. and is the one lady on this checklist. The muse of her wealth is her nationally syndicated speak present, “The Oprah Winfrey Present,” which aired for 25 years beginning in 1986. Winfrey leveraged her speak present right into a media empire that now consists of the OWN cable channel and Harpo Productions. Winfrey, born in Mississippi and raised in Milwaukee and Nashville, additionally has made cash as an actor and an investor in WeightWatchers.
#2. David Steward
– Internet price: $6 billion– International wealth rank: 431– Age: 71– Supply of wealth: IT supplier
David Steward is the founding father of World Large Expertise, an IT supplier that helps giant corporations with digital technique and expertise and provide chain options. Steward additionally co-founded Telcobuy, a derivative of World Large Expertise that gives enterprise networking companies and information safety. He was born in Chicago and grew up in Missouri.
#1. Robert F. Smith
– Internet price: $8 billion– International wealth rank: 266– Age: 60– Supply of wealth: Non-public fairness
The richest Black American is Robert F. Smith, who based Vista Fairness Companions, a non-public fairness agency that invests in software program corporations. Smith grew up in Denver and labored as a chemical engineer earlier than incomes his MBA. He began Vista Fairness Companions in 2000, and it has posted annual returns of 30% yearly.
Information reporting by Elena Cox. Story modifying by Jeff Inglis. Copy modifying by Paris Shut. Photograph choice by Abigail Renaud.
MORE NEWS ON EURWEB: Black Billionaire Robt. F. Smith’s Daring Motion at Morehouse Must be Emulated to Abate Nation’s $1.5 Trillion Debt Disaster
We Publish Information 24/7. Don’t Miss A Story. Click on HERE to SUBSCRIBE to Our Publication Now!
