Hip-hop mogul Rick Ross buys extravagant $35-million Miami mansion
Ross, a native of Miami, amassed his fortune through his successful music career and his adeptness as a record executive.
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Christopher Young: A Black executive who owns $32 million in Microsoft shares
Young, a leading business executive and a top figure among America’s Black executives, has etched his mark on the prestigious canvas of Microsoft.
Adidas proves it can survive without Kanye West as market cap soars above $35 billion
Adidas’ adept maneuvering following its separation from West has ensured its resilience, with significant gains in share value and market capitalization.
America’s richest Black billionaire Robert F. Smith’s firm crosses $100-billion asset mark
Under Smith’s guidance, Vista has realized substantial gains, amounting to $14.3 billion through monetization since 2021.
African-American mogul Sheila Johnson’s luxurious resort undergoes rebranding
The rebranding effort is poised to reinforce the resort’s position under Salamander Collection, a hospitality management company.
Adidas takes $364-million hit in wake of Kanye West’s Yeezy sneakers resale
The recent downturn came shortly after the German sportswear giant announced the launch of the second sale of West’s Yeezy sneakers.
Black CEO Craig Arnold rakes in $30 million in 2023
Arnold assumed the roles of chairman and CEO of Eaton on June 1, 2016. He owns a beneficial 0.13 percent stake in the power company.
Kanye West’s Yeezy sneakers return for second sale amid high demand
In May, Adidas announced its decision to sell off the inventory of Yeezy sneakers created in partnership with West.
Adidas rakes in $440 million in sales from Kanye West’s Yeezy sneakers
This marks the first release of the Yeezy sneakers following the termination of Adidas’ collaboration with West in October 2022.
Michael Jordan finalizes sale of Hornets stake in $3-billion deal
The deal, valued at an impressive $3 billion, marks the end of Michael Jordan’s decade-long tenure as the franchise’s chief decision-maker.
Sean ‘Diddy’ Combs faces setback as Cannabis producers terminate $185-million deal
For Combs, this development is a setback in his ambitions to diversify and expand his business ventures, especially in the cannabis industry.
Meet Clifton R. Wharton, Jr.: First Black CEO of a Fortune 500 company
Wharton, Jr.’s story is an extraordinary tale of a man who refused to be limited by the societal constraints of his time.
Firm led by America’s richest Black billionaire offers $1-billion equity injection to Finastra
Under Smith, America’s richest Black billionaire, Vista Equity has realized $14.3 billion through monetization since 2021.
Alex Karp rejoins elite Black billionaires with over $2 billion in net worth
The surge in Karp’s wealth has positioned him as one of the six Black billionaires in America with fortunes exceeding $2 billion.
Black entrepreneur Emma Grede’s stake in shapewear company, Skims, surges to $320 million
Beyond her successful venture with Skims, Grede is also making waves in the retail industry through Good American.
Kanye West’s stake in Kim Kardashian’s shapewear line hits $200 million
West’s stake in Skims is now worth $200 million, a $40-million increase from its value of $160 million at the start of the year.