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.
black billionaire
10 companies owned by world’s first Black billionaire, Robert L. Johnson
In 2001, Johnson made history by selling BET to Viacom for an astonishing $3 billion, making him the first Black billionaire.
Firm linked to Africa’s first Black billionaire Patrice Motsepe to build $132-million solar plant
Through African Rainbow Energy, Motsepe owns an indirect 40-percent stake in SOLA Group.
5 companies owned by Morgan Freeman
Billionaires.Africa highlights five companies under Morgan Freeman’s ownership, cementing his status as an entertainment and business titan.
Byron Allen offers $10 billion to acquire Disney’s ABC network and cable channels
After pursuing a majority stake in BET Media Group, Allen’s recent bid represents a major development in the rapidly evolving media landscape.
7 companies owned by Kevin Hart
In 2020, Hart’s earnings soared to $39 million, as reported by Forbes, solidifying his status as one of the world’s highest-earning celebrities.
7 companies owned by Rihanna
Billionaires.Africa has identified and cataloged several companies and holdings owned by Rihanna.
7 companies owned by Tyler Perry
Perry, the African-American filmmaker and billionaire mogul, is a towering figure in the global entertainment scene.
Rihanna unveils new sneaker design in exclusive Puma collaboration
This release marks the resurrection of the partnership between Rihanna and Puma, a collaboration that had previously yielded a series of sell-out sneakers.
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.
Michael Jordan’s sneakers fetch $2.2 million, becoming world’s most expensive ever sold
Jordan’s journey from a basketball icon to a billionaire continues to captivate the world, underscoring his mark on sports history and the business world.
19-year-old tennis star Coco Gauff earns $15.2 million, joining world’s top earners
Gauff’s earnings, amounting to $15.2 million, cement her position as one of the world’s top-earning black individuals.
Michael Jordan’s net worth grows by $1.8 billion in 2023
With this most recent milestone, Jordan’s legacy continues to redefine the boundaries of success on and off the basketball court.
John W. Thompson: Black executive behind one of the world’s largest tech mergers
Thompson’s tenure at Symantec Corp., now known as Gen Digital Inc., cemented his legacy as a visionary leader and master dealmaker.
IBM finalizes $4.6-billion acquisition of firm linked to America’s richest Black billionaire
Under Smith, America’s richest Black billionaire, Vista Equity Partners has surpassed $100 billion in assets under management.