Lion Forge, founded by Black billionaire David Steward’s son, secures $30 million investment
Lion Forge, founded by billionaire David Steward’s son, secures $30 million from HarbourView to expand franchises across animation and family content.
Black Billionaires
Black billionaire Tyler Perry faces $260 million lawsuit
Billionaire filmmaker Tyler Perry faces a $260 million lawsuit from actor Derek Dixon alleging assault, coercion and retaliation.
Black billionaire Robert F. Smith-backed firm to hire up to 500 people
Jaggaer, backed by Robert F. Smith’s Vista, will expand in Hyderabad with plans to grow its workforce to 500 employees.
Rihanna loses 41 percent of net worth since May 2022
Rihanna’s net worth falls 41 percent since May 2022, dropping from $1.7 billion to $1 billion amid challenges in her business ventures.
Hip-hop billionaire Jay-Z gains $100 million, remains world’s richest musician
Hip-hop billionaire Jay-Z gains $100 million, boosting his net worth to $2.6 billion and keeping him the world’s richest musician.
Oprah Winfrey, world’s richest Black woman, is $100 million richer
Oprah Winfrey’s net worth rises by $100 million, reaching $3.1 billion, cementing her as the world’s richest Black woman.
Beyoncé, Jay-Z buy $11.5 million U.K. estate while carrying $110 million Bel-Air debt
Beyoncé and Jay-Z buy an $11.5 million Cotswolds estate, adding privacy and scenic views to their $300 million global property portfolio.
Palantir CEO Alex Karp unloads $110 million in stock within 100 days
Alex Karp has sold more than $110 million in Palantir shares within 100 days amid stock volatility and tax obligations.
Michael Jordan nears $4 billion net worth
Michael Jordan nears $4 billion fortune as his wealth hits $3.8 billion, ranking among the world’s richest Black billionaires.
Michael Jordan, Kobe Bryant card sells for nearly $13 million
A rare Michael Jordan and Kobe Bryant card sells for nearly $13 million, breaking records in sports collectibles.
Beyoncé and Jay-Z, worth nearly $3.4 billion, face $110 million in debt
Despite $3.4 billion in wealth, Beyoncé and Jay-Z owe $110.55 million on their Bel-Air home, with mortgages and taxes adding up.
Palantir CEO Alex Karp’s net worth drops $1.9 billion after peaking at $16.4 billion
Alex Karp’s net worth falls to $14.5 billion after a $1.9 billion drop, even as Palantir reports record revenue and contracts.
Alex Karp, richest Black person in U.S., is now worth $16 billion after $8.9 billion gain in 2025
Alex Karp’s fortune jumps to $16 billion, rising $8.9 billion on Palantir’s AI-powered software demand.
World’s first Black billionaire, Robert L. Johnson, leads trust to $691 million half-year revenue
RLJ Lodging Trust posts $691.2 million H1 revenue, with CEO Robert L. Johnson steering steady results despite margin and occupancy pressures.
U.S. richest Black billionaire, Karp, leads Palantir to $1.8 billion in half-year revenue
Alex Karp leads Palantir to $1.88 billion in revenue and $546.3 million net income as AI software demand fuels record contracts.
Black billionaire Robert F. Smith’s Vista targets $200 million savings through loan market pivot
Robert F. Smith’s Vista Equity pursues $200 million savings by swapping costly private debt for syndicated loans.