African-American billionaire Alex Karp loses $500 million in 8 weeks
The decline in Karp’s wealth can be directly attributed to the sudden slump in the market value of his 2.63-percent stake in Palantir Technologies.
African-American billionaire
7 companies owned by Michael Jordan
This year alone, Jordan’s fortune has grown by $1.8 billion, solidifying his status as one of the world’s richest Black billionaires.
Sean ‘Diddy’ Combs returns rights worth millions to artists and songwriters
Bad Boy Entertainment, founded by Combs in 1993, soared to prominence during the 1990s.
Tiger Woods’ net worth hits $1.1 billion
Throughout his professional career, Woods has amassed a staggering $1.8 billion, a sum that includes $121 million in prize money on the PGA Tour.
50 Cent counters Paramount, argues BET is not worth $3 billion
50 Cent said in his Instagram post that BET is not worth $3 billion.
Adidas proves it can survive without Kanye West as market cap soars above $35 billion
Adidas’ adept maneuvering following its separation from West has ensured its resilience, with significant gains in share value and market capitalization.
Sean ‘Diddy’ Combs faces setback as Cannabis producers terminate $185-million deal
For Combs, this development is a setback in his ambitions to diversify and expand his business ventures, especially in the cannabis industry.
Sean ‘Diddy’ Combs pursues full enforcement of 2021 agreement in Diageo lawsuit
The agreement requires Diageo to treat Combs’ DeLeon tequila brand “at least as favorably” as its other tequila brands.
Oprah Winfrey, world’s richest Black woman, proves financial might: net worth holds firm at $2.5 billion
Winfrey’s net worth remains stable despite challenging economic climate.
How Jay-Z made his money: Four deals that propelled his net worth to $2.5 billion
Despite his remarkable career as one of the greatest rappers of all time, Jay-Z amassed his $2.5-billion fortune from his diverse investments.
African-American billionaire David Steward takes a hit: Net worth drops $570 million since mid-February
Since Feb. 16, Steward’s net worth has declined by $570 million, from $6.17 billion to $5.6 billion.
Pair of Michael Jordan’s sneakers sells for $2.2 million, becoming most expensive ever
This unique pair of sneakers holds significant historical value.
Meet the world’s 19 Black billionaires in 2023
While some Black billionaires have not fared well since the start of the year, others have built on their fortunes.
LeBron James scores big: Net worth soars past $1 billion with $150-million gain in 2023
James is one of the world’s wealthiest Black individuals.
Adidas drops Beyonce’s Ivy Park collab amid $10-million loss
The decision to end the partnership followed reports that Adidas suffered a loss of $10 million in 2022.
Jay-Z achieves $2.5-billion net worth milestone, tying with media mogul Oprah Winfrey
In 2019, Jay-Z became hip-hop’s first billionaire.