Palantir, led by Black billionaire Alex Karp, lands $10 billion U.S. Army contract
Palantir lands $10 billion U.S. Army contract as CEO Alex Karp drives AI-powered defense modernization.
Black Billionaires
America’s richest Black person, Alex Karp gains $2.1 billion, net worth hits $14.2 billion
Palantir CEO Alex Karp adds $2.1 billion, boosting his net worth to $14.2 billion and securing his spot as America’s richest Black billionaire.
Rihanna faces billionaire exit as Fenty valuation falters
Rihanna’s fortune slips from $1.4 billion to $1 billion as Fenty brands face slowing sales, cost pressures, and global beauty market fatigue.
The world’s 23 Black billionaires in July 2025
Black billionaires near $100 billionaire net worth as AI, energy, and finance drive gains; Dangote and Karp lead the July 2025 ranking.
Vista, led by Black billionaire Robert F. Smith, exits Cvent with $1.3 billion sale
The sale comes a year after Blackstone took Cvent private in a $4.6 billion acquisition, finalizing its full ownership of the event software company.
America’s richest Black billionaire backs effort to modernize U.S. government AI systems
Palantir teams with Accenture Federal to deliver AI solutions to U.S. agencies, fueling a 70% stock surge and cementing its role in mission-critical transformation.
Black billionaire Robert F. Smith’s Vista secures $5.6 billion to invest in cloud software
The technology-focused firm raised $2.7 billion in fresh capital, alongside $2.2 billion from existing flagship funds.
Jay-Z’s Roc Nation Sports signs deal with world’s first electric raceboat series
Jay-Z’s Roc Nation Sports partners with E1 to spotlight electric boat racing through culture, storytelling, and sustainable innovation.
How Palantir's CEO Alex Karp quietly became America’s richest Black billionaire
In May, he sold $50 million worth of Palantir stock, a small portion of his holdings, but a sign of how liquid his wealth has become.
Rihanna brings Fenty Beauty to Saint Lucia, expands Caribbean presence
The launch drew a crowd of beauty lovers eager to explore the brand’s offerings, which include Fenty Beauty, Fenty Skin, and Fenty Eau de Parfum.
Billionaire Michael Lee-Chin’s firm to issue $300 million international bond
NCBFG, led by Michael Lee-Chin, plans a $300 million bond to repay debt and boost sustainable growth. Fitch rates it B+.
Media mogul Byron Allen enlists investment bank to sell TV stations
The move comes after Allen’s aggressive expansion, spending over $1 billion acquiring network-affiliated stations in smaller U.S. markets.
Vista, led by billionaire Robert F. Smith, to acquire Acumatica in nearly $2 billion deal
Vista Equity to acquire Acumatica in $2B deal, boosting AI-driven ERP growth for mid-sized businesses with strategic support from Robert F. Smith.
Black billionaire Alex Karp sells more than $50 million in Palantir stock
The sale was part of automatic transactions to cover tax obligations related to vested restricted stock units.
Kanye West’s South Korea show canceled after $20 million contract loss in Japan
This follows Japan’s $20 million Tokyo Dome show drop after controversial onstage behavior offended local cultural values.
Palantir CEO, Alex Karp, becomes America’s richest Black person
Karp, who made the billionaire list in 2016 with a net worth of $1.6 billion, now holds an estimated fortune of $11.5 billion.