Meet Clifton R. Wharton, Jr.: First Black CEO of a Fortune 500 company
Wharton, Jr.’s story is an extraordinary tale of a man who refused to be limited by the societal constraints of his time.
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Firm led by America’s richest Black billionaire offers $1-billion equity injection to Finastra
Under Smith, America’s richest Black billionaire, Vista Equity has realized $14.3 billion through monetization since 2021.
Alex Karp rejoins elite Black billionaires with over $2 billion in net worth
The surge in Karp’s wealth has positioned him as one of the six Black billionaires in America with fortunes exceeding $2 billion.
Black entrepreneur Emma Grede’s stake in shapewear company, Skims, surges to $320 million
Beyond her successful venture with Skims, Grede is also making waves in the retail industry through Good American.
Kanye West’s stake in Kim Kardashian’s shapewear line hits $200 million
West’s stake in Skims is now worth $200 million, a $40-million increase from its value of $160 million at the start of the year.
Meet Shonda Rhimes: Powerhouse producer of ‘Bridgerton,’ who ranks as one of America’s richest Black women
As a visionary producer, creative genius, and business trailblazer, Rhimes’ influence will continue to shape the future of television and storytelling.
5 companies owned by the world’s richest Black woman, Oprah Winfrey
Billionaires.Africa has closely monitored prominent companies founded or partly owned by Winfrey, identifying her influence over these ventures.
Skims linked to Emma Grede, one of America’s richest Black women, soars to $4-billion valuation
The company, co-founded by Kim Kardashian and Grede in 2019, has witnessed a meteoric rise due to its emphasis on inclusivity and body positivity.
Mauritian tycoon Arnaud Dalias loses more than $1 million in 20 days
Despite this recent setback, Dalais remains one of the most affluent CEOs in Mauritius and East Africa.
Adidas claims Kanye West squandered $75 million intended for Yeezy collection marketing
Adidas claims that $75 million was transferred to two of Yeezy and West’s bank accounts, but both parties “mishandled virtually all of the marketing funds.”
Ursula Burns, first Black woman CEO of Fortune 500 company, rakes in $3.4 million from Uber stake
The meteoric rise in Uber’s share price has propelled the company’s market ca. to more than $90 billion, resulting in lucrative gains for its investors, including Burns.
America’s second-richest Black man David Steward’s wealth soars above $6 billion
Steward’s fortune has skyrocketed by more than $1.1 billion recently, rising from $4.87 billion on May 9 to $6 billion.
Top Black CEO Marvin Ellison rakes in almost $7 million from Lowe’s shares
Ellison’s minority 0.038-percent stake in Lowe’s translates to a total of 224,800 shares.
Meet Calvin Butler, Jr., one of the newest Black executives leading America’s biggest companies
As corporate America embraces change and inclusivity, Calvin Butler, Jr. stands at the forefront, leading with purpose and vision.
Jay-Z’s foundation raises $20 million to help socioeconomically disadvantaged individuals
Through the dedication of Jay-Z and Gloria Carter, the foundation’s legacy shines as a beacon of hope and opportunity for countless young minds.
Sean ‘Diddy’ Combs unveils innovative e-commerce platform to empower Black entrepreneurs
Combs expressed his mission to empower Black entrepreneurs by providing them with the necessary resources to build successful businesses.