Solely about 1% of the almost 3,000 billionaires on this planet are Black. Whereas all of us have our emotions about billionaires, it is nonetheless nothing in need of monumental that a number of Black individuals have achieved the standing. It is a feat that lots of our ancestors could not even fathom as a risk.
So, listed here are eight Black celebrities who’ve, towards all odds, achieved billionaire standing:
Jay got here out of the gate in a enterprise mindset. He began Roc-A-Fella Data again in 1995 after not with the ability to land a report deal from any main labels. After he launched his first album, his profession catapulted to unreal heights via 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 price an unbelievable $2.8 billion.
CBS famous again in 2022 that the majority of his cash comes from money and investments. He had a stake in Beats by Dre, which was finally 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 one among, if not the best, basketball participant of all time, off the court docket 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 test 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 yr 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 mother or father firm of BET) to supply unique and unique content material for the BET community. The corporate reportedly pays him about $150 million a yr and supplies him with a 25% fairness stake within the streaming service BET+, which Forbes estimates added about $60 million to his internet price.
7.
Tiger Woods: $1.3 Billion
In line with Forbes, lower than 10% of Tiger’s internet price comes from golf winnings. The vast majority of his fortune comes from mega endorsement offers he is executed all through his profession. Working with manufacturers like Gatorade, Rolex, Monster Vitality, and his largest 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 listing and who did not? Let me know your ideas down within the feedback!
Take a look at extra Black-centered content material by exploring how BuzzFeed is celebrating Black Historical past Month this yr! In fact, the content material would not finish after February. Observe BuzzFeed’s Cocoa Butter on Instagram, TikTok, and YouTube to maintain up with our newest Black tradition content material year-round.
