Media mogul Byron Allen enlists investment bank to sell TV stations
The move comes after Allen’s aggressive expansion, spending over $1 billion acquiring network-affiliated stations in smaller U.S. markets.
Black Billionaires
Vista, led by billionaire Robert F. Smith, to acquire Acumatica in nearly $2 billion deal
Vista Equity to acquire Acumatica in $2B deal, boosting AI-driven ERP growth for mid-sized businesses with strategic support from Robert F. Smith.
Black billionaire Alex Karp sells more than $50 million in Palantir stock
The sale was part of automatic transactions to cover tax obligations related to vested restricted stock units.
Kanye West’s South Korea show canceled after $20 million contract loss in Japan
This follows Japan’s $20 million Tokyo Dome show drop after controversial onstage behavior offended local cultural values.
Palantir CEO, Alex Karp, becomes America’s richest Black person
Karp, who made the billionaire list in 2016 with a net worth of $1.6 billion, now holds an estimated fortune of $11.5 billion.
Jay-Z alleges $200 million loss from assault claim, net worth holds at $2.5 billion
Despite maintaining a $2.5 billion net worth, Jay-Z says the accusations have severely damaged his business empire, especially his entertainment company, Roc Nation.
World’s first Black billionaire leads real estate trust to $328 million Q1 revenue
RLJ Lodging Trust posted $328.1 million in Q1 revenue, a modest gain, as hotel conversions offset margin pressure, pulling net income down to $3.2 million.
Alex Karp’s Palantir posts $884 million Q1 revenue
Palantir’s Q1 revenue surged 39% to $884 million, powered by AI-driven demand in U.S. commercial and government sectors, marking its most profitable quarter yet.
Palantir CEO back among Black billionaires worth over $10 billion
Alex Karp’s net worth rebounds to $10.7 billion as Palantir stock surges over 37% in April, regaining his spot among top Black billionaires.
Legendary NBA sixth man who became a billionaire weeks before his passing
Remembering Junior Bridgeman: From the court to a $1.4 billion empire.
Kevin Hart could become a billionaire by 2028
Hart’s fortune could cross the billion-dollar threshold soon, climbing from just over $500 million in 2022.
LeBron James-backed Lobos 1707 signs strategic vodka deal with Diageo
This partnership marks a fresh start for Ciroc and a major leap forward for Lobos 1707, which has quickly gained traction in the booming agave spirits market.
The world’s Black female billionaires in 2025
These women are more than financial icons, they are leaders transforming industries, from media and fashion to cosmetics and luxury.
The World’s Black billionaires in 2025
With a combined fortune exceeding $96 billion, Black billionaires are shaping industries from energy and tech to media and infrastructure.
OpenAI raises $40 billion, two months after Ogunlesi joins board
The funding is part of OpenAI’s broader push toward artificial general intelligence (AGI).
Palantir CEO Alex Karp gains $1.5 billion in two weeks as net worth rises
Palantir’s stock rebound boosts Alex Karp’s fortune to $9.2 billion, reinforcing his position as the third-richest Black person in the U.S.