Who was the first black billionaire in the stock market?
America's first Black billionaire got rich from founding BET. He shares the moment he knew he'd made it. Robert L. Johnson became a billionaire after selling BET to Viacom in a $3 billion deal.
Jeremiah Hamilton (1806-1875), "Wall Street's first Black trader," made his fortune in New York in the 19th century. Not much is known about Hamilton's early life, but he immigrated to New York after fleeing Haiti, where he was helping to bring in counterfeit coins for a consortium of New York merchants.
- Aliko Dangote: $13.9 billion. ...
- Robert F. Smith: $9.2 billion. ...
- David Steward: $7.6 billion. ...
- Mike Adenuga: $6.9 billion. ...
- Abdulsamad Rabiu: $5.9 billion. ...
- Michael Jordan: $3 billion. ...
- Oprah Winfrey: $2.8 billion. ...
- Patrice Motsepe: $2.7 billion.
- Aliko Dangote, $11.5 billion.
- Mike Adenuga, $6.1 billion.
- Robert Smith, $5 billion.
- David Steward, $4 billion.
- Abdul Samad Rabiu, $3.2 billion.
- Oprah Winfrey, $2.7 billion.
- Strive Masiyiwa, $2.4 billion.
- Patrice Motsepe, $2.3 billion.
1987: Clifton R. Wharton Jr., CEO of TIAA-CREF, became the first black male to be a Fortune 500 CEO (TIAA-CREF).
A historical look at EE Ward Moving and Storage, the nations oldest, continuously run, black owned business. It got its start as part of the Underground Railroad system in Columbus, Ohio in the 1840's.
Some Black-owned stocks include RLJ Lodging Trust (RLJ), Urban One, Inc. (UONE) and Carver Bancorp, Inc. (CARV). Some investors may choose to support companies that donate money to support racial justice.
The wealthiest African American, Robert Smith, has an estimated net worth of $5 billion in 2021, almost twice that of Oprah Winfrey and Jay Z, who are the wealthiest Black entertainers.
Aliko Dangote is the richest man in Africa and the richest Black man in the world, with an estimated net worth of around $13.4 billion in 2024. 1 His business empire, Dangote Group, is one of the largest private-sector employers in Nigeria as well as the most valuable conglomerate in West Africa.
Who is the only black female billionaire?
Sheila Johnson made history as America's first Black female billionaire after co-founding BET.
As of today, no billionaire is within striking distance of becoming a trillionaire. Elon Musk is, at present, the world's richest person, with a net worth of $206 billion, while Jeff Bezos is in the number two position with $179 billion, according to Bloomberg.
As of 2021, Oprah Winfrey has an estimated net worth of $2.6 billion, while Tyler Perry has a net worth of $1 billion.
1. Oprah Winfrey. An American talk show host, television producer, actress, author and philanthropist is currently the richest black woman as per Forbes. She currently has a net worth of $3.5 billion.
- Genghis Khan. 1206–1227. King of Mongol Empire. ...
- Zhao Xu. 1048–1085. ...
- Akbar, The Great. 1542–1605. ...
- Amenhotep III. 1388–1351 BC. ...
- Augustus Caesar. 63 BC-14 AD. ...
- King Solomon. 970–931 BCE. ...
- Mansa Mousa. 1280–1337.
Sheila Johnson could have retired when Black Entertainment Television (BET), the company she founded with her then-husband Robert Johnson, sold to Viacom in a deal worth $3 billion in 2001, making her the first Black female billionaire.
Share of U.S. families who are millionaires 2016, by ethnicity. In 2016, around 15.2 percent of all White families in the United States had a net worth of one million U.S. dollars or more. This compares to only 1.9 percent of Black families.
Here are America's richest black billionaires of 2024 as of January 21. At the top of the list is Robert F. Smith, a 61-year-old private equity magnate with a whooping net worth of $9.2 billion.
Oprah Winfrey's Net Worth
She became the world's only Black billionaire in 2003 and held the distinction for three years running. Life magazine hailed her as the most influential woman of her generation. Forbes listed her real-time net worth at $2.5 billon as of March 9, 2023.
Lily Frilly Founder Gains Walmart Distribution as Youngest Black CEO.
Who is the father of black business?
James Tate, known as the “father of black business” in Atlanta, opened a grocery store in 1866 and built his wealth in the retail business (Carter, 1894; Bone, 2016).
Article continues after video. Lily Adeleye made history as the youngest Black CEO to have products on the shelves at Walmart when she landed her first deal in 2021 at just 6-years-old.
Jones Bar-B-Q Diner is widely considered the oldest Black-owned restaurant in the country, with roots that date back to 1910. The story goes that the original owners marinated smoked meat in a bathtub before opening an eatery in a single-family home in 1964. That location is still open today!
At the top of the list is David Steward's successful company, World Wide Technology. The corporation employs about 10,000 people across the globe and brought in $17 billion in revenue last year, according to Forbes.
Founded by Zerina Akers.
Akers has used her career platform to seamlessly bridge the gap between independent brands and commercial opportunities to lead them to success solidifying her name as one of the most recognized names in fashion.
