As of 2021, there are currently seven black billionaires in the United States, according to Forbes’ annual list of the world’s wealthiest people. These seven individuals have a combined net worth of over $19 billion, and their sources of wealth range from media and entertainment to technology and finance.
The first black billionaire in the United States was Robert L. Johnson, who co-founded Black Entertainment Television (BET) in 1980. Johnson sold BET to Viacom in 2001 for $3 billion, becoming the first black person to become a billionaire. As of 2021, Johnson’s net worth is estimated to be $550 million.
Oprah Winfrey, who is widely considered to be one of the most influential media personalities in the world, is currently the richest black billionaire in the United States. Winfrey is the founder and CEO of OWN, the Oprah Winfrey Network, and has a net worth of $2.7 billion. In addition to her media empire, Winfrey is also a philanthropist and has donated millions of dollars to various causes, including education and healthcare.
Another notable black billionaire is Michael Jordan, who is widely regarded as one of the greatest basketball players of all time. Jordan’s net worth is estimated to be $2.1 billion, and his wealth comes primarily from his ownership of the NBA team, the Charlotte Hornets, as well as his successful line of athletic shoes and apparel.
David Steward is another black billionaire who made his fortune through his company, World Wide Technology, Inc. (WWT). WWT is a technology solutions provider that serves a wide range of industries, including government and healthcare. Steward’s net worth is estimated to be $3.7 billion, making him one of the wealthiest black people in the United States.
Jay-Z is also among the black billionaires in the United States. The rapper, entrepreneur, and music mogul has a net worth of $1.4 billion, according to Forbes. Jay-Z has made his fortune through various business ventures, including his record label, Roc Nation, and his champagne brand, Ace of Spades.
Robert F. Smith is a black billionaire who made his fortune in finance. Smith is the founder of Vista Equity Partners, a private equity firm that specializes in investments in software companies. Smith’s net worth is estimated to be $6 billion, making him the wealthiest black person in the United States.
Finally, there is Kanye West, the rapper, fashion designer, and entrepreneur, who is estimated to have a net worth of $1.8 billion. West’s wealth comes primarily from his music career and his Yeezy fashion brand, which is valued at over $1 billion.
While the number of black billionaires in the United States may be small, these individuals are pioneers in their respective industries and serve as role models for the black community. They have proven that hard work, perseverance, and innovation can lead to incredible success and wealth, regardless of race or background. Additionally, many of these billionaires are philanthropists who are committed to giving back to their communities and making a positive impact on the world.