African-American billionaire Alex Karp gains $600 million in just 9 days
The recent increase in his fortune is linked to the performance of his 2.63-percent stake in Palantir Technologies.
Black Billionaires
Companies owned by America’s sixth-richest Black billionaire, Alex Karp
Ranked as the sixth-richest Black billionaire in the U.S., Karp trails behind Robert F. Smith, David Steward, Michael Jordan, Jay-Z, and Oprah Winfrey.
Media mogul Byron Allen’s $30-billion bid shakes up Paramount Global ownership
The proposal, which marks Allen’s latest play to bolster his media holdings, is expected to be financed through a combination of secured and unsecured senior debt and equity.
Meet John W. Rogers, Jr.: Founder of Wall Street’s first Black-owned mutual fund
From his early influences to shaping a $16 billion financial empire, Rogers, Jr. stands as an architect of inclusivity and philanthropy.
World’s richest Black billionaire’s refinery begins diesel and aviation fuel production
The Dangote Petrochemical Complex aims to meet 100 percent of Nigeria’s demand for refined petroleum products, including petrol, diesel, kerosene, and jet fuel.
Tiger Woods and Nike part ways after 27 years and staggering $660-million deal
While neither Nike nor Woods provided a specific rationale for the separation, rumors had been circulating for several months.
Serena Williams’ financial triumph continues with $30-million increase in 2023
Starting the year at $260 million on Jan. 1, 2023, Williams concluded 2023 with a net worth of $290 million.
Kanye West’s Yeezy faces financial setback with $1 million in unpaid taxes
Yeezy Apparel, LLC, faces four active tax liens dating back three years.
Michael Jordan made $1.8 billion in 2023 thanks to Hornets sale
The primary driver behind the substantial increase in Jordan’s wealth was the sale of his controlling stake in the Charlotte Hornets, a professional basketball team.
Kanye West issues apology for anti-Semitic comments following $1.6-billion wipe-out
In October 2022, West faced backlash on social media as Instagram, owned by Meta Platforms Inc., and Twitter, now X, removed anti-Semitic posts from his accounts.
10 companies owned by Black tycoon and Shark Tank investor Daymond John
From his humble beginnings in Queens, New York, to building a global fashion empire, John’s influence extends far beyond urban clothing.
5 companies owned by America’s first Black female billionaire Sheila Johnson
Billionaires.Africa reveals Johnson’s diverse business portfolio, featuring five ventures, including BET, which she and her ex-husband sold in 2001.
America’s second-richest Black billionaire David Steward gains $480 million in 24 days
According to the Bloomberg Billionaires Index, Steward’s fortune increased by $480 million over the past 24 days.
Sean ‘Diddy’ Combs steps down as Revolt chairman amid sexual abuse allegations
The legal actions against Combs include a federal lawsuit filed by Cassie — whose real name is Casandra Ventura — seeking $30 million in damages.
Michael Jordan ‘no longer’ among world’s top 1,000 richest billionaires
On Oct. 5, the bar for entry into the world’s top 1,000 richest people was $2.9 billion.
James Harden’s move to the Clippers propels career earnings above $330 million
Harden commenced the current season with a $1.27-million compensation from the Philadelphia 76ers before the trade to the Clippers.