Jay-Z’s entertainment company announces $300 million scholarship fund
This ambitious program was unveiled on June 7 and targets children from Kindergarten through Grade 12
black billionaire
Revolt unveils new ownership after Sean ‘Diddy’ Combs sells his shares
Diddy divested his stake in March amid ongoing federal investigations and sexual abuse allegations against him.
Rihanna visits Shanghai following Fenty Beauty launch in China earlier this year
In a strategic move to solidify Fenty Beauty’s global dominance, Rihanna expanded the brand into China last month — her net worth sits at $1.4 billion according to Forbes
Streaming giant Netflix buys 50 Cent’s documentary on Diddy sexual assault allegations
G-Unit Film & Television, 50 Cent’s production company, confirmed Netflix secured the rights after a bidding war among streaming services.
Jay-Z’s firm eyes $1-billion merger to expand portfolio
This potential merger with Pendulum underscores Jay-Z’s continued commitment to growing his business empire beyond music.
Black billionaire Michael Lee-Chin backs Canada’s nuclear industry
In a recent interview with BNN Bloomberg, Lee-Chin, highlighted the historical correlation between energy source transitions and economic power shifts.
Kevin Hart’s tequila brand gives $1 million to help small businesses
Acclaimed African-American comedian and entrepreneur Kevin Hart’s ultra-premium tequila brand, Gran Coramino Tequila, has disbursed over $1 million in grant funding to…
Oprah Winfrey’s wealth hits $3 billion: Inside her $200-million gain and Hawaiian estate
Winfrey’s net worth has risen by $200 million, reaching $3 billion, according to Forbes. This marks a significant rise from $2.8 billion on Jan. 1.
African-American billionaire Alex Karp’s fortune drops $100 million in 19 days
The pullback coincides with a recent downgrade of Palantir Technologies (PLTR), the data analytics software firm Karp co-founded.
Diddy faces nearly $100-million debt on luxury LA, Miami mansions raided by feds
Despite his immense wealth and fame, Diddy still finds himself burdened with a substantial debt, with $100 million remaining unpaid.
Despite $1.4-billion wealth, Rihanna pushes Fenty Beauty into China
The decision to expand into China follows its recent entry into the Indian market, underscoring Rihanna’s ambition to build a global beauty empire.
Sean ‘Diddy’ Combs sells remaining Revolt TV shares amid federal investigation
After stepping down as Revolt TV’s chairman in November 2023 in the wake of multiple sexual abuse claims, Combs has now divested his stake in the media company.
America’s second-richest Black billionaire loses $200 million in 12 days
The fluctuations in his net worth mirror broader trends in the share prices of technology companies.
First Black female Fortune 500 CEO Ursula Burns makes $3.5 million from Uber
Since the start of the year, the market value of Burns’ stake in Uber has surged by $3.4 million, rising from $9.08 million to $12.48 million.
Tech stock pullback leads to $300-million wealth loss for America’s second-richest Black billionaire
The recent downturn has also impacted Steward’s year-to-date wealth gains, which have now decreased to $667 million, according to data retrieved from the Bloomberg Billionaires Index.
Cummins linked to Black executive Sharon Barner to invest $1 billion to bolster manufacturing presence
Cummins steams ahead with strong financials and executive leadership.