Adidas rakes in $440 million in sales from Kanye West’s Yeezy sneakers
This marks the first release of the Yeezy sneakers following the termination of Adidas’ collaboration with West in October 2022.
black billionaire
Michael Jordan finalizes sale of Hornets stake in $3-billion deal
The deal, valued at an impressive $3 billion, marks the end of Michael Jordan’s decade-long tenure as the franchise’s chief decision-maker.
Sean ‘Diddy’ Combs faces setback as Cannabis producers terminate $185-million deal
For Combs, this development is a setback in his ambitions to diversify and expand his business ventures, especially in the cannabis industry.
Firm led by America’s richest Black billionaire offers $1-billion equity injection to Finastra
Under Smith, America’s richest Black billionaire, Vista Equity has realized $14.3 billion through monetization since 2021.
Alex Karp rejoins elite Black billionaires with over $2 billion in net worth
The surge in Karp’s wealth has positioned him as one of the six Black billionaires in America with fortunes exceeding $2 billion.
Kanye West’s stake in Kim Kardashian’s shapewear line hits $200 million
West’s stake in Skims is now worth $200 million, a $40-million increase from its value of $160 million at the start of the year.
Meet Shonda Rhimes: Powerhouse producer of ‘Bridgerton,’ who ranks as one of America’s richest Black women
As a visionary producer, creative genius, and business trailblazer, Rhimes’ influence will continue to shape the future of television and storytelling.
5 companies owned by the world’s richest Black woman, Oprah Winfrey
Billionaires.Africa has closely monitored prominent companies founded or partly owned by Winfrey, identifying her influence over these ventures.
Africa’s first Black billionaire Patrice Motsepe’s net worth rebounds with $200-million surge
Motsepe’s substantial stake of 89,092,411 ordinary shares in ARM constitutes most of his current $2.6-billion fortune.
15 companies owned by world’s richest Black billionaire, Aliko Dangote
His net worth stands at $10.8 billion, making him the world’s richest Black billionaire and the second-richest person in Africa.
Adidas claims Kanye West squandered $75 million intended for Yeezy collection marketing
Adidas claims that $75 million was transferred to two of Yeezy and West’s bank accounts, but both parties “mishandled virtually all of the marketing funds.”
America’s second-richest Black man David Steward’s wealth soars above $6 billion
Steward’s fortune has skyrocketed by more than $1.1 billion recently, rising from $4.87 billion on May 9 to $6 billion.
Jay-Z’s foundation raises $20 million to help socioeconomically disadvantaged individuals
Through the dedication of Jay-Z and Gloria Carter, the foundation’s legacy shines as a beacon of hope and opportunity for countless young minds.
Sean ‘Diddy’ Combs unveils innovative e-commerce platform to empower Black entrepreneurs
Combs expressed his mission to empower Black entrepreneurs by providing them with the necessary resources to build successful businesses.
Firm linked to son of America’s second-richest Black man inks million-dollar deal with Nickelodeon
David Steward II, son of America’s second-richest Black man, founded Lion Forge Animation in 2019.
7 companies owned by Nigerian multimillionaire Oba Otudeko
Otudeko is the founder and chairman of Honeywell Group, a Nigerian conglomerate with holdings in property, energy and engineering services.