Source: Basketball, Endorsements, Investments He also owns stakes in a luxury mini-golf experience with multiple locations in Florida as well a hospital software startup. He is also an investor in Nexus Luxury Collection – an international hospitality real estate development and asset management company. Woods also owns a golf course design business and a live production company. Most of his wealth stems from endorsements with brands such as Nike, Gatorade, Rolex and Monster Energy. However, less than 10 percent of his career earnings comes from his golf winnings. Tiger Woods, the world’s greatest golfer, has won $121 million in prize money – more than any other pro golfer in history. He inaugurated Tyler Perry Studios, a 330-acre facility in Atlanta with 12 sound stages and custom sets that include a to-scale White House in 2019. Since he owns all of the content that he has produced, Perry’s wealth comes from both his share as a producer and a library dating back to the early 1990s. Before switching to cinema and television in the 2000s, Perry first began out in live theatre in the 1990s and quickly rose to fame. Tyler Perry is a writer, producer, director, and actor best known for the “Madea” film series, which has earned more than $660 million. He also owns an impressive fine art collection that includes works by Jean-Michel Basquiat and owns venture capital firm Marcy Venture Partners. Last year, he pocketed $297 million after selling a majority stake in Tidal, his high-fidelity music streaming platform, to Jack Dorsey’s Square. Jay-Z, hip hop’s first billionaire, is the founder of entertainment company Rock Nation, and also owns stakes in Armand de Brignac and D’Usse cognac. He is also a NASCAR team co-owner and owns a stake in sports-betting firm DraftKings. In 2019, Jordan agreed to sell a minority stake in the NBA team that valued it at $1.5 billion. He is the chairman and principal owner of the Charlotte Hornets, an NBA team in North Carolina. NBA great Michael Jordan earned $90 million in salary during his career, but according to Forbes, he has pocketed $1.8 billion (pre-tax) from such corporate partners as Nike, Hanes, and Gatorade. She also has a 30-percent stake in the Savage x Fenty lingerie line, which raised money at a $1-billion valuation in February 2021. She owns a 50-percent stake in the $550-million (revenue) business alongside French luxury retailer LVMH. Rihanna, a Barbados-born musician and entrepreneur, owes the bulk of her $1.7 billion to the extraordinary success of her cosmetics line Fenty Beauty. to sell a line of Yeezy clothing specially designed for Gap. clothing and accessories retailer Gap Inc. In 2020, West also entered into a deal with U.S. His Yeezy brand has been phenomenally popular and generated close to $2 billion in sales in 2020. The hip hop artist and fashion mogul made the bulk of his fortune from a a lucrative multiyear deal to design sneaker brand Yeezy for German sportswear company Adidas. The “Queen of Talk,” Oprah Winfrey has built a thriving media empire that includes Harpo Productions, which has co-produced movies such as “The Color Purple,” “Beloved,” and “Selma.” She also owns a 25.5-percent stake in OWN, the cable channel that she launched in 2011, and a seven-percent stake in Weight Watchers. The company, which he founded in 1990, now has more than 7,000 employees. He promised to pay off the student loans of the entire Morehouse College graduating class of 2019 during his commencement speech.ĭavid Steward, America’s second richest Black person, is the founder and chairman of World Wide Technology, a 14.5-billion (sales) IT services company that boasts customers like Verizon and Citi among many others. Smith, 59, is also a philanthropist of note. ![]() It has posted annualized returns of 22 percent since it was founded in 2000. Vista has $92 billion in assets and is one of the world’s best-performing private equity firms. He is the founder of Vista Equity Partners, a private equity firm that focuses exclusively on investing in software companies. Meet the 10 richest Black Americans in 2022. While some made their fortunes in conventional industries such as private equity and IT, the overwhelming majority have strong ties to the entertainment and sports industries and have used their celebrity leverage in sports and music to build businesses manufacturing everything from liquor and sneakers to pizza and hoodies, creating billions of dollars in value. According to Forbes, the leading authority tracking the fortunes of the world’s richest people, there are 10 African-American billionaires in the world today.
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