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.
North America
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.
Black female venture capitalist Arian Simone launches Fearless Global Initiative at UNGA to unite leaders for economic inclusion
Fearless Fund’s Arian Simone debuts FGI at UNGA, spotlighting its work investing in women-of-color founders with early-stage, growth potential and proven impact.
LeBron James doubles down on SpringHill, eyes bigger role in entertainment
LeBron James says his focus is shifting “off the hardwood,” aiming to build SpringHill into “the greatest storytelling company there is.”
Mellody Hobson’s Ariel Alternatives expands with industrial services acquisition
Mellody Hobson’s Ariel Alternatives expands into industrial services with its $1.45B Project Black fund, acquiring Groome Industrial Service Group.
Jay-Z calls sexual assault allegations a “false, malicious story” in new lawsuit
Jay-Z accuses a woman of fabricating sexual assault claims tied to Diddy, calling it an “evil conspiracy” to damage his reputation.
Four black billionaires crack Forbes 400 as Oprah, Jay-Z, Tyler Perry miss cut
Forbes’ 2025 list sets a record $3.8B entry point. Only four black billionaires hit the mark—while Oprah, Jay-Z and Tyler Perry fall below the line.
6 businesses Megan Thee Stallion is building into her empire
The Grammy-winning rapper is building an empire with these six ventures.
Billionaire Robert Smith’s Vista Equity secures $11 billion in latest flagship fund
Almost all of Smith’s fortune stems from his stake in Vista Equity.