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.
Black Billionaires
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.
Workflow platform backed by America’s richest Black man acquires AI firm, Drift
The strategic integration aims to reshape B2B buyer engagements and amplify the capabilities of both companies in the rapidly evolving field of artificial intelligence.
Companies owned by the world’s richest Black woman, Oprah Winfrey
Winfrey’s story is one of empowerment, philanthropy, and astute entrepreneurship, making her a trailblazer in both media and business.
Kanye West’s Super Bowl ad drives $19.3-million single-day sales
Renowned rapper turned business mogul Kanye West stunned the industry by revealing a staggering single-day revenue of $19.3 million from the sales…
African-American billionaire Alex Karp gains $600 million in just 9 days
The recent increase in his fortune is linked to the performance of his 2.63-percent stake in Palantir Technologies.
Companies owned by America’s sixth-richest Black billionaire, Alex Karp
Ranked as the sixth-richest Black billionaire in the U.S., Karp trails behind Robert F. Smith, David Steward, Michael Jordan, Jay-Z, and Oprah Winfrey.
Media mogul Byron Allen’s $30-billion bid shakes up Paramount Global ownership
The proposal, which marks Allen’s latest play to bolster his media holdings, is expected to be financed through a combination of secured and unsecured senior debt and equity.
Meet John W. Rogers, Jr.: Founder of Wall Street’s first Black-owned mutual fund
From his early influences to shaping a $16 billion financial empire, Rogers, Jr. stands as an architect of inclusivity and philanthropy.
World’s richest Black billionaire’s refinery begins diesel and aviation fuel production
The Dangote Petrochemical Complex aims to meet 100 percent of Nigeria’s demand for refined petroleum products, including petrol, diesel, kerosene, and jet fuel.
Tiger Woods and Nike part ways after 27 years and staggering $660-million deal
While neither Nike nor Woods provided a specific rationale for the separation, rumors had been circulating for several months.