Diddy settles disputes, Diageo secures full ownership of Ciroc and DeLeon tequila
The joint statement reinforces the severed business ties and emphasizes the parties’ commitment to moving forward independently in the spirits industry.
black billionaire
Tiger Woods’ net worth hits $1.36 billion after Nike breakup
However, in a move that sent shockwaves through the sporting world, Woods recently parted ways with Nike. The reason for the split remains shrouded in secrecy.
America’s richest Black billionaire Robert F. Smith unveils Vision for AI future at Davos
Smith emphasized the integration of AI into companies’ operations, drawing parallels with past transformative innovations like the internet and the cloud.
African-American billionaire Alex Karp faces $100-million loss in early 2024
The revaluation of his private investments and a single-digit decline in Palantir’s shares have contributed to a $100-million decrease in his net worth.
7 assets owned by Kevin Cohee, founder of America’s largest Black-owned bank
From strategic acquisitions to transformative leadership, Cohee’s impact extends beyond banking, reshaping finance and championing economic empowerment.
Hospitality brand owned by America’s first Black female billionaire seals new luxury partnership
Johnson’s Salamander Collection remains at the forefront of the hospitality industry, and the recent partnership with Aspen Meadows Resort marks a significant milestone.
5 companies propelling the legacy of Black investor John W. Rogers, Jr.
From founding Ariel Investments to strategic investments in Madison Square Garden Entertainment and Generac, Rogers, Jr.’s impact resonates across diverse sectors.
America’s second-richest Black billionaire suffers $390-million loss in 10 days
The slump in Steward’s net worth is primarily attributed to the fluctuations in the performance of his substantial 59-percent stake in World Wide Technology (WWT).
World’s richest Black woman Oprah Winfrey made $300 million in 2023
The surge in Winfrey’s net worth is attributed to the revaluation of her portfolio of assets and her diversified business ventures within the media and entertainment industry.
Jay-Z’s wealth soars to $2.5 billion with $1.3-billion boost in 2023
The driving force behind Jay-Z’s remarkable financial growth was the sale of a 50-percent stake in the high-end cognac label, D’Usse, to Bacardi.
Mega-refinery of world’s richest Black billionaire welcomes fourth crude shipment
This delivery follows three previous shipments in December 2023.
David Steward soars past peers as Black billionaire with biggest wealth gain in 2023
The secret behind Steward’s financial success in 2023 lies in his stake in WWT, a closely held tech behemoth specializing in information services and hardware.
Billionaire Michael Lee-Chin’s firm snags $100 million for Caribbean business boost
Lee-Chin’s vision for Portland Caribbean Fund III sets a transformative course for sustainable growth in the Caribbean.
Africa’s first Black billionaire Patrice Motsepe rides high as net worth hits $2.5 billion
Now holding the 1,264th spot globally, Motsepe’s wealth is primarily sourced from a fortune built in the mining industry.
Media mogul Byron Allen challenges BET sale, offers $3.5-billion bid for network
In a scathing critique of Paramount’s decision, Allen accused the conglomerate of orchestrating a “lowball inside deal.”
Vista Equity, led by America’s richest Black man, seeks $20 billion for eighth flagship fund
Under Smith’s helm, Vista Equity Partners excels amidst fundraising intricacies, boasting 18 dynamic monetization events, generating an impressive $18 billion.