Cummins linked to Black executive Sharon Barner to invest $1 billion to bolster manufacturing presence
Cummins steams ahead with strong financials and executive leadership.
black billionaire
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.
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.
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.