Solely about 1% of the practically 3,000 billionaires on the earth are Black. Whereas all of us have our emotions about billionaires, it is nonetheless nothing wanting monumental that a number of Black folks have achieved the standing. It is a feat that a lot of our ancestors could not even fathom as a risk.
So, listed here are eight Black celebrities who’ve, in opposition to all odds, achieved billionaire standing:
Jay got here out of the gate in a enterprise mindset. He began Roc-A-Fella Information again in 1995 after not having the ability to land a file deal from any main labels. After he launched his first album, his profession catapulted to unreal heights by means of the late ’90s and early 2000s.
Many of the fortune Rihanna has gained comes from the 50% stake in her Fenty Magnificence cosmetics model, which she splits with the notorious luxurious retailer Louis Vuitton-Moët Hennessy (LVMH). Again in 2021, Forbes estimated that Fenty Magnificence was value an unbelievable $2.8 billion.
CBS famous again in 2022 that almost all of his cash comes from money and investments. He had a stake in Beats by Dre, which was ultimately bought to Apple for $3 billion. He additionally has shares in Beachbody, the corporate that acquired his sports activities vitamin enterprise that he co-founded with Arnold Schwarzenegger.
Recognized to many as considered one of, if not the best, basketball participant of all time, off the courtroom Michael made about $2.4 billion from offers with manufacturers like McDonald’s, Gatorade, Nike, and Hanes. In line with Forbes, his yearly Nike royalty examine was about $260 million in 2023.
5.
Oprah Winfrey: $3 Billion
Oprah launched her tv community OWN in 2011, and by 2019, she had earned a considerable quantity of her $37 million consumption for the 12 months from the community alone. She additionally has a manufacturing firm, Harpo Productions, which produced movies just like the 2023’s The Coloration Purple.
6.
Tyler Perry: $1.4 Billion
In 2017, Tyler signed a contract with ViacomCBS (the father or mother firm of BET) to supply unique and unique content material for the BET community. The corporate reportedly pays him about $150 million a 12 months and supplies him with a 25% fairness stake within the streaming service BET+, which Forbes estimates added about $60 million to his web value.
7.
Tiger Woods: $1.3 Billion
In line with Forbes, lower than 10% of Tiger’s web value comes from golf winnings. The vast majority of his fortune comes from mega endorsement offers he is accomplished all through his profession. Working with manufacturers like Gatorade, Rolex, Monster Power, and his greatest backer, Nike, has created this billion-dollar fortune.
8.
Earvin “Magic” Johnson: $1.6 Billion
Because the fourth skilled athlete to turn out to be a billionaire, Magic discovered his fortune in an excellent post-basketball profession. He acquired stakes in {many professional} sports activities groups, just like the Washington Commanders and three separate Los Angeles groups, and that is solely part of his work.
Any surprises about who made the checklist and who did not? Let me know your ideas down within the feedback!
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