Adidas displays financial strength amid Kanye West’s Yeezy influence
Adidas held over $1 billion worth of unsold Yeezy inventory in May.
USA
John Legend’s first tech venture raises $5 million in funding
“It’s Good,” launched by Legend and tech entrepreneur Mike Rosenthal, is a social app designed to offer personalized food and travel recommendations.
First Black woman to lead a listed REIT, Leslie Hale earns $8.4 million from RLJ trust
Apart from her executive and governance roles, Hale owns a 0.94-percent minority stake in the leading real estate investment trust company.
5 companies owned by Nelly
Billionaires.Africa turns the spotlight on five companies directly owned by Nelly, revealing the vast empire that bolsters his net worth.
Tiger Woods and Justin Timberlake partner to launch luxury sports bar in Scotland
This venture is made possible through a partnership with the real-estate company Nexus Luxury Collection.
5 assets owned by Dr. Dre
Dr. Dre is an iconic figure in American rap and music production, known for his pivotal role in founding Aftermath Entertainment and Beats Electronics.
Alex Karp rejoins Black billionaires with $2-billion fortune as Palantir secures U.S. Army deal
According to Forbes, Karp, ranked among the world’s Black billionaires, has witnessed a $300-million increase in his net worth.
Coco Gauff nets $781,100, adding to $5-million windfall at U.S. Open
Gauff presently ranks as the world’s number-three female tennis player, trailing behind 22-year-old Iga Swiatek and 25-year-old Belarusian pro Aryna Sabalenka.
Druski joins elite ranks of top-earning creators, amasses $10 million in single year
Notably, Druski continues to serve as a Google Pixel ambassador, starring in their latest television commercial for the 2023 NBA Playoffs.
World’s richest Black woman Oprah Winfrey gains $300 million in just five days
With a net worth of $2.8 billion, Winfrey remains a top figure among the world’s richest Black individuals.
Michael Jordan joins the world’s 1,000 richest individuals
Jordan’s enduring legacy as a sports icon and astute businessman continues to shine brighter than ever.
America’s second-richest Black man David Steward faces $380-million loss
Despite this setback, David Steward maintains his position as America’s second-richest Black man, trailing behind Robert F. Smith, the founder of Vista Equity Partners.
Beyonce’s ‘Renaissance’ world tour generates $579 million in revenue
The 56-stop tour, which commenced in May, showcased Beyonce’s unwavering dominance in the world of entertainment.
Michael Jordan becomes first professional athlete to join America’s top 400 richest
Jordan’s billion-dollar fortune can be primarily attributed to his lucrative endorsements and business ventures.
4 companies owned by Kendrick Lamar
Beyond his groundbreaking contributions to the music industry, Lamar subtly and strategically diversifies his financial portfolio.
5 companies owned by Cardi B
Forbes recognizes Cardi B as one of the most influential female rappers ever.