Nigerian billionaire Abdul Samad Rabiu raises $500 million to boost cement production
Rabiu’s company, BUA Cement, will develop two new, energy-efficient cement production lines at its plant in Sokoto State.
black billionaire
Robert L. Johnson, world’s first Black billionaire, snaps up $20-million Palm Beach mansion
In 2001, Johnson made history by selling BET to Viacom for an astonishing $3 billion, becoming the world’s first Black billionaire.
The 9 richest Black women in America in 2023
From media mogul and entertainers to sport icons and software developers, meet the nine richest Black women in America in 2023.
Meet Ursula Burns: The first Black woman CEO of a Fortune 500 company
Burns has left an indelible mark on the corporate landscape.
Seven assets owned by Kenyan billionaire Humphrey Kariuki
Kariuki is one of the richest men in Kenya with businesses in real estate and hospitality, energy, beverages and infrastructure.
Beyonce’s net worth surges past half-a-billion mark despite Adidas partnership fallout
In a display of joint financial prowess, Beyonce and her husband Shawn “Jay-Z” Carter have jointly amassed a fortune of $3.04 billion.
Billionaire Sean ‘Diddy’ Combs files lawsuit against Diageo alleging racial discrimination
Combs claims that Diageo considers his brands, Ciroc vodka, and DeLeon tequila, “Black brands.”
Adidas drops lawsuit freezing $75-million payment to Kanye West’s Yeezy brand
While this marks a victory for West, the dispute is far from over as Adidas and Yeezy will now proceed with private arbitration.
America’s richest Black billionaire Robert F. Smith maintains top spot with $12 billion net worth
Smith, America’s richest Black billionaire holds firm to top spot with a whopping $12-billion net worth.
America’s second-richest Black billionaire David Steward faces $900-million loss in 98 days
Steward’s net worth stands at about $5.27 billion, placing him at the 476th position among the richest individuals worldwide.
Tyler Perry faces off against 50 Cent, Shaq, Diddy in battle for $3-billion BET business
Perry expands involvement in BET acquisition amidst speculation of collaborations with prominent figures.
Oprah Winfrey, world’s richest Black woman, proves financial might: net worth holds firm at $2.5 billion
Winfrey’s net worth remains stable despite challenging economic climate.
Serena Williams scores big off-court rakes in $45.3 million in 2022
The tennis legend ranks 49th on Forbes’ highest-paid athletes’ list.
Beyonce’s ‘Renaissance’ world tour set to generate whopping $2.1 billion in earnings
Her world tour is set to amass $2.1 billion, as Forbes predicts record-breaking ticket sales.
Meet Robert L. Johnson, the first Black billionaire; he ushered in a new era for Black entrepreneurs
As the founder and former chairman of BET, Johnson built America’s first Black-owned cable television network.
Adidas proves it can thrive without Kanye West, set to sell $1 billion worth of Yeezy shoes
Adidas will sell $1 billion worth of Yeezy shoes made with Kanye West.