Karp’s fortune falls to $7.7 billion a month after joining Black billionaires worth over $10 billion
The decline is tied to the performance of his 2.63-percent stake in Palantir.
Black Billionaires
Adidas sells off Kanye West’s Yeezy stockpile, bringing in $1.52 billion in two years
Adidas partnered with Kanye West in 2015 to launch Yeezy, boosting his net worth to $2 billion in 2022.
Africa’s first Black billionaire Patrice Motsepe loses $100 million as ARM struggles
The decline follows a steep 16 percent drop in ARM’s share price over the past five days, with the stock sliding from R162 ($8.8) to R135 ($7.33).
25 companies behind Jay-Z’s $2.5 billion fortune
Beyond music and liquor, Jay-Z has built a strong portfolio in venture capital and private equity.
World’s first Black billionaire Robert L. Johnson’s REIT hits $1.3 billion in revenue
RLJ Lodging Trust’s revenue hit $1.37 billion in 2024, but net income dropped 11.2% due to rising costs, despite strategic acquisitions and capital allocation.
Tech billionaire Alex Karp loses $1.8 billion, still U.S. third-richest Black person
This is tied to a slide in the market value of his 2.63 percent stake in Palantir, which has fallen from $7 billion to $5.3 billion.
America’s first Black female billionaire offloads luxury property for $2.23 million
This sale marks a shift in her hospitality portfolio as she moves on from the property after two decades.
Billionaire golfer Tiger Woods defies Puma’s lawsuit, pushes forward with clothing brand
Tiger Woods takes major step to establish Sun Day Red despite ongoing legal pressure from the sportswear giant.
Jay-Z keeps $2.5 billion wealth after dismissed assault case but loses $20 million in income
Despite retaining his $2.5 billion fortune, the rapper and businessman said the lawsuit caused significant financial damage to his entertainment company, Roc Nation.
Magic Johnson’s fortune soars: Net worth jumps $200 million to hit $1.6 billion
This marks a staggering $400 million increase over the past year, driven by a diverse investment portfolio spanning sports, insurance, and consumer-facing businesses.
Junior Bridgeman joins the ranks of U.S. Black billionaires with $1.4 billion fortune
He stands alongside Michael Jordan, Magic Johnson, and LeBron James as one of the few NBA players to amass a billion-dollar fortune.
Alex Karp joins U.S. Black billionaires worth over $10 billion
His net worth has climbed by $3 billion since the start of the year, rising from $7 billion.
U.S. third-richest Black person Alex Karp’s Palantir delivers $2.9 billion revenue in 2024
Revenue for the twelve months of 2024 climbed to $2.87 billion, up from $2.23 billion in the prior year period.
Forbes ranks two U.S. Black billionaires above Nigeria’s richest man, Aliko Dangote
While Forbes values Dangote’s wealth at $10.6 billion, Bloomberg’s estimate at $27.2 billion includes his stake in the Dangote Oil Refinery.
Jay-Z’s effort to dismiss assault case rejected, business continues to thrive
On Thursday, Judge Analisa Torres ruled against Jay-Z’s legal team, rejecting their motion to dismiss the claims.
Jay-Z’s Marcy Ventures joins forces with Pendulum Holdings' investment arm
This strategic move brings together two powerhouse entities and marks a significant step toward consolidating Black-led financial influence.