Basketball legend Michael Jordan gains $300 million as net worth hits $2 billion
Jordan is the first athlete to amass a billion-dollar fortune.
African-American billionaire
Five months after parting ways with Adidas, Kanye West remains one of America’s richest Black people
Before his multi-year deal with Adidas to design the sneaker brand Yeezy was terminated, Kanye West had a net worth of $2 billion.
Michael Jordan considers selling majority stake in billion-dollar Charlotte Hornets franchise
He is expected to maintain a minority ownership interest in the franchise.
African-American billionaire Sean “Diddy” Combs joins Tyler Perry, Byron Allen in race to acquire BET
Combs plans to build a multi-billion-dollar Black-owned media giant.
Adidas takes $763-million hit in Q4 following Kanye West’s exit
Adidas executives remain confident despite the underwhelming results.
African-American billionaire Tyler Perry in Talks to acquire majority stake in BET
Perry owns a minority stake in BET Media Group, as well as BET+.
Cosmetics billionaire Rihanna returns to Puma for Fenty x Puma line
Rihanna’s partnership with Puma has spanned almost a decade, beginning when she joined the German company as creative director in 2014.
10 facts about world’s first and richest Black woman billionaire Oprah Winfrey
Winfrey is the world’s first and wealthiest Black woman billionaire.
Inside Michael Jordan’s $1.7-billion fortune and trailblazing journey to becoming first athlete-billionaire
In June 2014, Jordan became the first athlete to amass a billion-dollar fortune.
Adidas reportedly inks new deal with Kanye West in bid to sell off $500-million Yeezy inventory
West’s net worth has declined by $1.6 billion since his split with Adidas.
Adidas’ debt rating takes a hit as Kanye West’s departure impacts earnings
Since Adidas severed ties with Kanye West in October 2022, his net worth has declined by $1.6 billion.
Rihanna’s next billion-dollar move: The cosmetics mogul sets sights on new ventures to boost Fenty Brand
Rihanna is not resting on her laurels.
Ten Black businesspeople in the U.S. worth knowing aside Tyler Perry, Oprah, and Rihanna
Black-owned businesses continue to thrive and deliver value to customers.
Tyler Perry steps up to save Atlanta residents from rising real estate taxes with $2.75-million donation
Perry earned $175 million last year.
Adidas faces potential loss of $1.3 billion due to unsold Kanye West’s Yeezy stock
This follows the termination of its partnership with Kanye West.
Rihanna set to expand billion-dollar empire with launch of children’s brand, Fenty Kids
The move comes more than six months after Rihanna filed two applications for “Fenty Hair” with the U.S. Patent and Trademark Office.