Michael Jordan files lawsuit against U.S. motorsports giant over monopoly allegations
NBA legend Michael Jordan files lawsuit against NASCAR, challenging monopoly rules and protecting his $150 million 23XI Racing team.
North America
Nicki Minaj’s $20 million home could be sold under court order
A judge may approve the sale of Nicki Minaj’s $20 million Hidden Hills home as she faces a court fight over a $503,318 debt.
Michael Jordan donates $10 million to North Carolina medical center
Michael Jordan donates $10 million to Novant Health, honoring his mother and supporting neurological care in Wilmington.
Kanye West’s Skims stake soars to $250 million after $5 billion valuation
Kanye West’s 5 percent stake in Skims climbs to $250 million after the brand hits a $5 billion valuation.
Skims, linked to Emma Grede, one of America’s richest Black women, hits $5 billion
Skims, co-founded by Emma Grede, hit a $5-billion valuation after raising $225 million to boost global expansion and new stores.
Bill Gates foundation pledges $1.4 billion for farming in Africa, Asia
Bill Gates Foundation pledges $1.4 billion to support farmers across Africa and Asia with climate-resilient innovations and food security programs.
Black executive Calvin Butler pockets $14.7 million salary from Exelon in 2024
Exelon CEO Calvin Butler earned $14.7 million in 2024, a 19.5% rise from the prior year, as he steered the U.S. utility giant’s continued growth.
LeBron James expands $37 million Beverly Hills estate with two mansions
LeBron James expands his $37 million Beverly Hills estate with two luxury mansions, each designed to his vision.
Rihanna’s $34.8 million fashion loss highlights the high cost of luxury bets
Rihanna lost $34.8 million from her Fenty fashion line with LVMH, which also lost $34.9 million before shutting down the label.
Rihanna’s Fenty Beauty may see LVMH exit in $2 billion deal
Rihanna’s Fenty Beauty could see LVMH sell its 50 percent stake in a deal valuing the brand at $2 billion, reflecting shifts in the celebrity beauty market.
Kanye West sells Wyoming ranch back to its original owners for $14 million
Kanye West has sold his 6,713-acre Wyoming ranch back to its original owners for $14 million, closing a five-year chapter of ambition and retreat.
World’s richest Black woman, Oprah Winfrey, sees wealth rise to $3.2 billion
Oprah Winfrey’s wealth rises to $3.2 billion after another $100 million gain this year from media, real estate, and business ventures.
Lowe’s, led by Marvin Ellison, completes $8.8 billion acquisition of Foundation Building Materials
Lowe’s, led by Marvin Ellison, completes $8.8 billion acquisition of Foundation Building Materials, expanding its professional services network.
LeBron James extends global partnership deal with Hennessy
LeBron James extends his global partnership with Hennessy, launching a new V.S.O.P. Limited Edition.
Serena Williams takes new role mentoring early-stage VC founders
Serena Williams takes a new role mentoring early-stage founders, supporting women and diverse entrepreneurs through social impact investing.
Kevin Hart leads $35 million funding for AI weight-loss app
Kevin Hart’s Hartbeat Ventures leads $35 million funding for Simple, an AI health app with 700,000 subscribers.