Mega-refinery of world’s richest Black billionaire welcomes fourth crude shipment
This delivery follows three previous shipments in December 2023.
black billionaire
David Steward soars past peers as Black billionaire with biggest wealth gain in 2023
The secret behind Steward’s financial success in 2023 lies in his stake in WWT, a closely held tech behemoth specializing in information services and hardware.
Billionaire Michael Lee-Chin’s firm snags $100 million for Caribbean business boost
Lee-Chin’s vision for Portland Caribbean Fund III sets a transformative course for sustainable growth in the Caribbean.
Africa’s first Black billionaire Patrice Motsepe rides high as net worth hits $2.5 billion
Now holding the 1,264th spot globally, Motsepe’s wealth is primarily sourced from a fortune built in the mining industry.
Media mogul Byron Allen challenges BET sale, offers $3.5-billion bid for network
In a scathing critique of Paramount’s decision, Allen accused the conglomerate of orchestrating a “lowball inside deal.”
Vista Equity, led by America’s richest Black man, seeks $20 billion for eighth flagship fund
Under Smith’s helm, Vista Equity Partners excels amidst fundraising intricacies, boasting 18 dynamic monetization events, generating an impressive $18 billion.
Beyonce’s net worth jumps $350 million with creative exploits and historic tour
A key contributor to Beyonce’s financial success is attributed to her recently concluded Renaissance World Tour, which brought in $100 million (post-tax).
Black executive Rashida La Lande earns $6.4-million salary from Kraft Heinz
La Lande’s 2023 compensation package includes a long-term incentive award of $4.32 million.
Beyonce nears $1-billion net worth, joining the world’s wealthiest Black individuals
Beyonce’s net worth has soared to an impressive $800 million, marking a significant increase from $540 million at the start of this week.
Kobe Bryant’s path to a billion-dollar fortune cut short by tragic passing
At the time of his untimely passing, Bryant’s net worth was estimated at $600 million.
Skims, $4-billion shapewear company linked to Kanye West, weighs IPO in 2024
Co-founded by Kanye West’s ex-wife, Kim Kardashian, the shapewear company is considering future pathways for growth and expansion.
America’s richest Black man Robert F. Smith loses $600 million in 19 days
Smith slips; trails KKR’s Henry Kravis on the Bloomberg Billionaires Index.
America’s second-richest Black man David Steward loses $380 million in 8 days
The recent slump in Steward’s net worth is attributed to his substantial 59-percent stake in World Wide Technology.
4 luxurious mansions owned by Michael Jordan
Michael Jordan’s property portfolio serves as both a symbol of his incredible success and a testament to his discerning taste and penchant for the extraordinary.
5 luxurious properties owned by at-odds Hollywood power couple Jada Pinkett and Will Smith
These properties contribute to the family’s wealth, with Will Smith’s net worth estimated at over $300 million, solidifying his place among the world’s richest Black individuals.
Billionaire Michael Lee-Chin’s NCB set to raise $180 million from investors
NCB is majority-owned by Jamaican-Canadian billionaire Michael Lee-Chin, a top figure among the world’s Black billionaires.