Oprah Winfrey is handing her $40 million South African school back to the government
Oprah Winfrey will wind down her Leadership Academy for Girls at the end of 2027 and hand the campus to South Africa's Gauteng education department.
Black Billionaires
Billionaire Beyoncé takes full ownership of SirDavis whisky as LVMH sells out of the brand
Moët Hennessy has sold its stake in SirDavis American Whisky to Beyoncé, handing her full ownership two years after they launched it together.
LeBron James, the NBA's only billionaire, takes a minimum contract to join Philadelphia
LeBron James, the NBA's only billionaire, has joined the Philadelphia 76ers on a minimum contract worth $8 million, a pay cut of over 90 percent.
Jay-Z's Yankee Stadium residency drew 136,000 fans and generated over $100 million
Jay-Z's three-night Yankee Stadium residency drew more than 136,000 fans and is estimated to have generated over $100 million for New York.
Billionaire Tyler Perry signs multi-year deal to build virtual production stage at Atlanta studio
Tyler Perry Studios has signed a multi-year deal with Synapse to build an LED virtual production soundstage on its Atlanta campus by year end.
Palantir's billionaire founder Alex Karp says AI will make him 20 times richer and leave workers behind
Palantir chief Alex Karp says AI could make him twenty times richer, pushing his fortune toward $300 billion, while ordinary workers see only modest gains.
LeBron James credits Jay-Z with teaching him how to build a business empire
LeBron James says Jay-Z, whom he met at 16, taught him how to move in business, calling the rapper a big brother whose guidance still shapes him.
Billionaire Herriot Tabuteau's Axsome wins FDA acceptance for narcolepsy drug
The FDA has accepted a narcolepsy drug from Axsome Therapeutics, the biotech built by Haitian-born billionaire Herriot Tabuteau, with a decision due in May 2027.
Billionaire Jay-Z breaks Yankee Stadium ticket record two nights running with Blueprint anniversary show
Jay-Z sold 45,832 tickets at Yankee Stadium on Saturday, a venue record, breaking the mark he set himself the previous night with Beyoncé.
Billionaire Magic Johnson's Las Vegas NBA bid faces new rival targeting $13 billion war chest
Magic Johnson's bid for a Las Vegas NBA expansion team faces a new rival group targeting as much as $13 billion in capital.
Byron Allen donates $100,000 to family of Nolan Wells as billionaire Tyler Perry covers funeral
Media mogul Byron Allen donated $100,000 to the family of Nolan Wells, joining Tyler Perry and Colin Kaepernick in supporting the grieving family.
Billionaire David Steward's World Wide Technology wins $230 million US Army modernization contract
World Wide Technology, David Steward's St. Louis tech giant, has won a $230 million contract to modernize the US Army's IT infrastructure.
Jamaican billionaire Michael Lee-Chin's Portland Holdings signs Turkish nuclear deal in energy push
Michael Lee-Chin's Portland Holdings has signed a new agreement with Turkish firm Nuclean to cooperate on Turkey's growing nuclear-energy sector.
Tyler Perry accusers' lawyer alleges billionaire abused 'many other' aspiring male actors
A lawyer suing Tyler Perry on behalf of two accusers now alleges in a court filing that the billionaire abused "many other" aspiring male actors.
Haitian-born billionaire Herriot Tabuteau's Axsome begins Phase 3 ADHD trial in children
Axsome Therapeutics, led by Haitian-born billionaire Herriot Tabuteau, has dosed the first child in a Phase 3 trial of solriamfetol for ADHD.
Nigerian-American billionaire Adebayo Ogunlesi meets Uzbekistan's president to expand BlackRock's investments
Nigerian banker Adebayo Ogunlesi met the president of Uzbekistan to discuss growing BlackRock's energy and finance investments in the country.