America’s richest black person Robert Smith’s firm targets $500 million from event management platform sale
Smith is worth $12 billion, making him the richest Black person in the United States.
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South African tycoon Zunaid Moti steps down from business empire over fraud charges
Moti is the founder of Moti Group, a large South African conglomerate.
Zimbabwean tobacco tycoon Simon Rudland to sue Al-Jazeera over gold smuggling allegations
Rudland is the owner of Gold Leaf Tobacco, one of the most popular cigarette brands in Southern Africa.
LeBron James scores big: Net worth soars past $1 billion with $150-million gain in 2023
James is one of the world’s wealthiest Black individuals.
Adidas drops Beyonce’s Ivy Park collab amid $10-million loss
The decision to end the partnership followed reports that Adidas suffered a loss of $10 million in 2022.
America’s second-richest Black person David Steward gains $664 million
Steward’s net worth is mostly derived from his 59-percent stake in World Wide Technology.
Jay-Z achieves $2.5-billion net worth milestone, tying with media mogul Oprah Winfrey
In 2019, Jay-Z became hip-hop’s first billionaire.
Kanye West’s net worth dips below $400 million as he suffers $2-million loss
West is one of the world’s richest Black people.
Basketball legend Michael Jordan gains $300 million as net worth hits $2 billion
Jordan is the first athlete to amass a billion-dollar fortune.
Africa’s richest man Aliko Dangote sustains $51.9-million loss in 24 hours after gaining $100 million
Dangote’s net worth stands at an astounding $19.6 billion.
Five months after parting ways with Adidas, Kanye West remains one of America’s richest Black people
Before his multi-year deal with Adidas to design the sneaker brand Yeezy was terminated, Kanye West had a net worth of $2 billion.
America’s richest Black person Robert Smith’s net worth surpasses $12 billion
Smith’s Vista Equity boasts over $95 billion in assets and an annual return of 22 percent.
Michael Jordan considers selling majority stake in billion-dollar Charlotte Hornets franchise
He is expected to maintain a minority ownership interest in the franchise.
African-American mogul Sean ‘Diddy’ Combs wants BET to be Black-owned again
Sean “Diddy” Combs emphasized the need for greater ownership, influence, and control by people of color in the media industry
African-American comedy mogul Kevin Hart signs new deal with podcast company, SiriusXM
Hart’s Hartbeat will remain responsible for curating content for Laugh Out Loud Radio.
Meet 30-year-old Black-British entrepreneur who is investing $100 million in female-founded firms
Bartlett plans to invest $1 million to $10 million in at least 10 early-stage startups.