Firm linked to America’s richest Black person Robert F. Smith surpasses $20-billion mark for eighth flagship fund
The fundraising endeavor has exceeded all expectations, showcasing an insatiable appetite for large-scale technology investments.
Black Billionaires
Tyler Perry signs new deal with BET following multimillion-dollar Netflix contract
The new agreement with BET marks Perry’s latest expansion of his creative empire. This follows his October 2023 multimillion-dollar first-look deal with Netflix.
America’s second-richest Black billionaire loses $200 million in 13 days
David Steward, a prominent figure in the tech industry who currently ranks as America’s second-wealthiest Black individual, has encountered a substantial setback…
Magic Johnson joins Taylor Swift and 263 others in the ranks of world’s newest billionaires
His inclusion in the exclusive billionaire club underscores his enduring legacy both on and off the basketball court.
Top Black CEO Marvin Ellison’s shares in Lowe’s reaches $55 million
The recent $4.31-million surge in Ellison’s stake in Lowe’s further cements Ellison’s position as one of America’s richest Black CEOs and one of the world’s leading executives.
African-American tech billionaire Alex Karp’s wealth surges $300 million in 3 weeks
Karp’s position among Black billionaires underscores the success of African-American entrepreneurs within the tech sector.
America’s second-richest Black billionaire David Steward gains $300 million in 20 days
Steward’s recent wealth surge underscores his prominence within the technology sector, his investment positions him favorably for continued prosperity in the foreseeable future.
Billionaire Michael Lee-Chin sells $9.8-million stake from Jamaica’s biggest lender
The sale comes amid NCBFG’s plans for an additional public offering (APO) aimed at issuing between 300–450 million new shares to raise over $20 billion.
Earnings from Kanye West’s ‘Vultures 1’ listening events surpass $12 million
The success of these events comes amid challenges, including recent controversies causing a $1.6-billion dip in West’s fortune and delays in the album’s release.
Tyler Perry halts $800-million studio expansion in Atlanta after OpenAI’s Sora launch
Perry reportedly expressed reservations about AI’s impact on creative storytelling and its ability to replicate the human touch in filmmaking.
Beyonce launches Cecred, her first-ever hair care line
Early in May 2023, Beyonce began dropping hints about Cecred during the Renaissance Tour, and now the line has been officially introduced to the market.
Tiger Woods launches ‘Sun Day Red’ clothing line after Nike split
Named after Woods’ signature choice of attire for the final rounds of tournaments, the “Sun Day Red” brand is a reflection of his legacy in the world of golf.
America’s richest Black woman Oprah Winfrey named one of Hawaii’s top billionaire landowners
Committed to conservation, Winfrey intends to keep the land vacant, planting native species to aid in restoring the lost watershed.
Black businesswoman Fawn Weaver’s whiskey empire nears $1-billion valuation
In addition to her role at the helm of Uncle Nearest Premium Whiskey, Weaver is the founder of the Nearest Green Foundation.
America’s second-richest Black man David Steward’s wealth surpasses $10 billion
His recent wealth gains confirm his influential status in the tech industry. With the tech industry’s strong performance, Steward’s net worth is expected to keep climbing.
Companies owned by African-American billionaire filmmaker Tyler Perry
From iconic film studios to streaming platforms, wines, fashion, and philanthropy, delve into the seven companies that contribute to Perry’s $1-billion empire.