Billionaire Magic Johnson says the NBA's future is bright and the Knicks are leading the way
Magic Johnson says he was once scared about the NBA's future after LeBron, Durant and Curry retire but the Knicks have convinced him otherwise.
Black Billionaires
Billionaire Michael Jordan's private dining club 1000 North is expanding from Jupiter to Sarasota later this year
Michael Jordan is a founding partner of 1000 North, a Jupiter private club now expanding to Sarasota where his members-only dining empire opens this fall.
John W. Rogers Jr. bought $263,700 worth of Ryan Specialty shares as the stock fell 54% in a year
Ariel Investments co-CEO John W. Rogers Jr. made a $263,700 insider purchase in Ryan Specialty on June 10 as the stock trades near a one-year low.
Byron Allen built a $1 billion media empire the old-fashioned way, without permission
Byron Allen turned a teenager's punchlines on Johnny Carson into a $1 billion empire spanning broadcast TV, digital media and some of corporate America's most contentious courtrooms.
Byron Allen owns a $100 million Malibu cliff and a Beverly Hills mega-compound he built from scratch
Byron Allen's real estate portfolio stretches from a $100 million Malibu clifftop estate to beachfront Maui and a Beverly Hills mega-compound built from neighboring lots.
Black billionaire Herriot Tabuteau sells $11.97 million in Axsome shares as stock trades near all-time highs
Axsome Therapeutics CEO Herriot Tabuteau sold 49,670 shares worth $11.97 million on June 9 under a pre-approved trading plan as AXSM trades near record highs.
Jay-Z's MarcyPen emerges as frontrunner to buy LVMH's $1 billion stake in Fenty Beauty
Jay-Z's MarcyPen Capital Partners has emerged as the leading contender to acquire LVMH's 50% stake in Rihanna's Fenty Beauty, valued at between $1 billion and $2 billion.
Vinnie Johnson left the NBA and built a $500 million auto-parts empire
Vinnie Johnson hit one of the most famous shots in NBA Finals history, then quietly built a $3.4 billion auto-parts company few fans ever noticed.
Billionaire Jay-Z announces Paris and Los Angeles stadium shows for Reasonable Doubt 30th anniversary
Jay-Z has added Paris and Los Angeles stadium dates to his Reasonable Doubt 30th anniversary tour, extending a run that already includes three sold-out Yankee Stadium shows in July.
Detroit's Lorron James takes James Group past $1 billion with EnovaPremier acquisition
Detroit entrepreneur Lorron James has grown James Group International past $1 billion in annual revenue after acquiring Louisville-based tire and wheel assembly company EnovaPremier.
Floyd Mayweather and Mike Tyson confirm exhibition fight in 2026
Floyd Mayweather and Mike Tyson have confirmed a 2026 exhibition fight, reuniting the two highest-earning boxers in history for a commercial event expected to generate massive pay-per-view revenue.
Billionaire Alex Karp warns governments may nationalize AI firms
Palantir CEO Alex Karp has warned AI leaders that failure to self-regulate could invite government nationalization of AI companies, a threat he says he has been raising privately for months.
America's first Black billionaire Robert L. Johnson returns to BET's network advisory council
BET founder Robert L. Johnson, America's first Black billionaire, has joined the network's new advisory council nearly 25 years after selling BET to Viacom for $3 billion.
Palantir's billionaire founder says companies are using AI all day like a porn addiction
Palantir CEO Alex Karp likened the corporate obsession with maximizing AI token consumption to a porn addiction, warning it produces no real business value.
Forbes made Beyoncé and Rihanna worth exactly $1 billion each and the math does not add up
Forbes placed Beyoncé and Rihanna at exactly $1 billion each on the same list, raising serious questions about whether billionaire status is journalism or a traffic strategy.
America's 2nd richest Black woman took a $400 million divorce check and built a $1.3 billion empire
Sheila Johnson walked away from her BET divorce with $400 million and built a $1.3 billion empire in luxury hospitality and sports ownership entirely on her own terms.