Kevin Hart’s tequila brand gives $1 million to help small businesses
Acclaimed African-American comedian and entrepreneur Kevin Hart’s ultra-premium tequila brand, Gran Coramino Tequila, has disbursed over $1 million in grant funding to…
black billionaire
Oprah Winfrey’s wealth hits $3 billion: Inside her $200-million gain and Hawaiian estate
Winfrey’s net worth has risen by $200 million, reaching $3 billion, according to Forbes. This marks a significant rise from $2.8 billion on Jan. 1.
African-American billionaire Alex Karp’s fortune drops $100 million in 19 days
The pullback coincides with a recent downgrade of Palantir Technologies (PLTR), the data analytics software firm Karp co-founded.
Diddy faces nearly $100-million debt on luxury LA, Miami mansions raided by feds
Despite his immense wealth and fame, Diddy still finds himself burdened with a substantial debt, with $100 million remaining unpaid.
Despite $1.4-billion wealth, Rihanna pushes Fenty Beauty into China
The decision to expand into China follows its recent entry into the Indian market, underscoring Rihanna’s ambition to build a global beauty empire.
Sean ‘Diddy’ Combs sells remaining Revolt TV shares amid federal investigation
After stepping down as Revolt TV’s chairman in November 2023 in the wake of multiple sexual abuse claims, Combs has now divested his stake in the media company.
America’s second-richest Black billionaire loses $200 million in 12 days
The fluctuations in his net worth mirror broader trends in the share prices of technology companies.
First Black female Fortune 500 CEO Ursula Burns makes $3.5 million from Uber
Since the start of the year, the market value of Burns’ stake in Uber has surged by $3.4 million, rising from $9.08 million to $12.48 million.
Tech stock pullback leads to $300-million wealth loss for America’s second-richest Black billionaire
The recent downturn has also impacted Steward’s year-to-date wealth gains, which have now decreased to $667 million, according to data retrieved from the Bloomberg Billionaires Index.
Cummins linked to Black executive Sharon Barner to invest $1 billion to bolster manufacturing presence
Cummins steams ahead with strong financials and executive leadership.
Companies owned by the world’s first Black billionaire Robert L. Johnson
Using the proceeds from the sale of BET, he has invested in new ventures, leveraging his expertise to construct a varied portfolio of companies through The RLJ Companies.
Michael Jordan’s sneakers set record, fetching $8 million at Sotheby’s auction
Jordan continues to captivate generations with his unparalleled impact on and off the basketball court, further solidifying his status as a sporting icon.
Lewis Hamilton set to join Ferrari — $449-million richer from Mercedes career
Having been linked to Ferrari multiple times throughout his F1 career, Hamilton’s anticipated move to the Italian team marks a significant chapter in his racing journey.
African-American billionaire Alex Karp gains $100 million in just 8 days
The surge in Karp’s fortune, equivalent to an average daily gain of $12.5 million since Jan. 16, is linked to the performance of his 2.63-percent stake in Palantir Technologies.
Dwayne ‘The Rock’ Johnson joins WWE owner’s board after $5-billion Netflix deal
As part of this collaboration, Johnson will receive intellectual property rights to the “The Rock” trademark and associated catchphrases.
Meet Kirk Lewis: Black executive at helm of billion-dollar steel empire
Beyond business, Lewis served as deputy mayor and chief of staff for the City of Detroit, contributing to urban revitalization efforts.
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