Jay-Z dominates wealth race with $1.3-billion net worth surge in 2023
With the latest $1.3 billion bump in his net worth, Jay-Z has joined the ranks of billionaires worth over $2.5 billion.
black billionaire
Kanye West’s exit deals blow to Adidas as Q1 results show $43 million loss
The impact of the fallout with the West-led brand hit sales in the reported quarter by around $441.56 million.
BET co-founder Sheila Johnson sells equestrian estate in Florida for $21.68 million
According to Forbes, Johnson’s net worth has risen by $80 million from $700 million to $780 million since 2015.
LeBron James among highest-paid athletes with $119-million income
Earlier this year, LeBron James’ net worth surged by $150 million, propelling the NBA superstar back to the exclusive billionaire club
Beyonce challenges IRS in U.S. tax court over $2.7-million tax liability
The move comes after her activewear brand, Ivy Park, severed ties with German sportswear brand, Adidas.
Billionaire Michael Lee-Chin’s Portland joins forces with UAE’s MBM Holding
Michael Lee-Chin sees the collaboration as an opportunity to contribute to the economic progress in scientific fields across the UAE
Michael Jordan scores big with $300-million boost in net worth this year
Since the start of the year, Jordan’s net worth has risen by $300 million, from $1.7 billion to $2 billion.
Jamaican billionaire Michael Lee-Chin lists Cayman mansion for sale at $35 million
If the property is sold at the current asking price, Lee-Chin will pocket a profit of almost $22.5 million.
How Jay-Z made his money: Four deals that propelled his net worth to $2.5 billion
Despite his remarkable career as one of the greatest rappers of all time, Jay-Z amassed his $2.5-billion fortune from his diverse investments.
Kanye West’s net worth surges back to $400 million
Despite recent setbacks, West remains one of the world’s richest Black individuals.
Beyonce unveils new fashion collection following split with sportswear giant Adidas
The latest collaboration between Beyonce, Balmain, and Olivier Rousteing builds on their existing relationship dating back to 2018.
African-American billionaire David Steward takes a hit: Net worth drops $570 million since mid-February
Since Feb. 16, Steward’s net worth has declined by $570 million, from $6.17 billion to $5.6 billion.
Pair of Michael Jordan’s sneakers sells for $2.2 million, becoming most expensive ever
This unique pair of sneakers holds significant historical value.
Vista Equity, owned by America’s richest Black person Robert F. Smith, seals $2.6 billion acquisition of Duck Creek
Vista Equity Partners was founded by America’s richest Black billionaire Robert Smith in 2000
African-American billionaire Tyler Perry reaffirms interest in BET acquisition, says he’s ‘very, very interested’
Perry owns a minority stake in BET Media Group, as well as BET+, a high-end digital streaming platform.
America’s richest black person Robert Smith’s firm targets $500 million from event management platform sale
Smith is worth $12 billion, making him the richest Black person in the United States.