Tyler Perry faces off against 50 Cent, Shaq, Diddy in battle for $3-billion BET business
Perry expands involvement in BET acquisition amidst speculation of collaborations with prominent figures.
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Oprah Winfrey, world’s richest Black woman, proves financial might: net worth holds firm at $2.5 billion
Winfrey’s net worth remains stable despite challenging economic climate.
Serena Williams scores big off-court rakes in $45.3 million in 2022
The tennis legend ranks 49th on Forbes’ highest-paid athletes’ list.
Beyonce’s ‘Renaissance’ world tour set to generate whopping $2.1 billion in earnings
Her world tour is set to amass $2.1 billion, as Forbes predicts record-breaking ticket sales.
Led by wealthy Khamis family of Egypt, Oriental Weavers’ profit surges 74 percent y-o-y in Q1 2023
Egyptian businesswoman Yasmine Mohamed Khamis and other Khamis family members own a 56.58-percent controlling interest in Oriental Weavers.
Meet Robert L. Johnson, the first Black billionaire; he ushered in a new era for Black entrepreneurs
As the founder and former chairman of BET, Johnson built America’s first Black-owned cable television network.
Adidas proves it can thrive without Kanye West, set to sell $1 billion worth of Yeezy shoes
Adidas will sell $1 billion worth of Yeezy shoes made with Kanye West.
Michael Lee-Chin, one of the world’s Black billionaires, sells megayacht for $362 million
Lee-Chin has also put his luxurious mansion, Coconut Walk Private Estate, up for sale for $35 million.
David Steward’s net worth jumps by $400 million due to recent revaluation of his tech firm
According to Forbes, Steward’s wealth figures have risen by $400 million, from $5.6 billion on April 13 to $6 billion.
Jay-Z dominates wealth race with $1.3-billion net worth surge in 2023
With the latest $1.3 billion bump in his net worth, Jay-Z has joined the ranks of billionaires worth over $2.5 billion.
Kanye West’s exit deals blow to Adidas as Q1 results show $43 million loss
The impact of the fallout with the West-led brand hit sales in the reported quarter by around $441.56 million.
BET co-founder Sheila Johnson sells equestrian estate in Florida for $21.68 million
According to Forbes, Johnson’s net worth has risen by $80 million from $700 million to $780 million since 2015.
Kylian Mbappe joins world’s highest-paid athletes with $120-million income
Only Lionel Messi and Cristiano Ronaldo, who earned $136 million and $130 million respectively, surpassed Mbappe’s earnings.
LeBron James among highest-paid athletes with $119-million income
Earlier this year, LeBron James’ net worth surged by $150 million, propelling the NBA superstar back to the exclusive billionaire club
Mining company controlled by Moroccan royal family acquires gold project in Senegal
Managem, controlled by the Moroccan royal family, has acquired control of the Boto gold property in Senegal for $197 million.
Beyonce challenges IRS in U.S. tax court over $2.7-million tax liability
The move comes after her activewear brand, Ivy Park, severed ties with German sportswear brand, Adidas.