The 21st Century has seen more and more black entrepreneurs join the billionaire club and below is a list of 5 Richest Black Billionaires who have accumulated billions and made milestones in sectors such as fashion, beauty, media and technology.
Top 5 Richest Black Billionaires
1. Robert F. Smith – 6 Billion
Robert Frederick Smith is an American businessman, philanthropist, chemical engineer, and investor. He is the founder, chairman, and CEO of private equity firm Vista Equity Partners. Smith has a net worth of $6 billion* as of July 2021, according to Forbes
2. David Steward – 3.7 Billion
David L. Steward is an American businessman. He is chairman and founder of World Wide Technology, one of the largest African-American-owned businesses in America. According to Forbes, in 2019 Steward was one of 13 black billionaires worldwide. His net worth is $3.7 billion according to Forbes and he is the second richest black American in the United States.
3. Oprah Winfrey – 2.6 Billion
Oprah Gail Winfrey is an American talk show host, television producer, actress, author, and philanthropist. At the age of 41, Winfrey had a net worth of $340 million and replaced Bill Cosby as the only African American on the Forbes 400. By 2000, with a net worth of $800 million, Winfrey is believed to have been the richest African American of the 20th century. There has been a course taught at the University of Illinois focusing on Winfrey’s business acumen, namely: “History 298: Oprah Winfrey, the Tycoon”. Winfrey was the highest paid television entertainer in the United States in 2006, earning an estimated $260 million during the year, five times the sum earned by second-place music executive Simon Cowell. By 2008, her yearly income had increased to $275 million.
Forbes‘ list of The World’s Billionaires has listed Winfrey as the world’s only black billionaire from 2004 to 2006 and as the first black woman billionaire in the world that was achieved in 2003. As of 2014, Winfrey had a net worth in excess of 2.9 billion dollars
4. Kanye West – 1.8 Billion
Kanye Omari West is an American rapper, singer, songwriter, record producer, businessman, fashion designer, and 2020 United States presidential candidate. His networth is said to be 1.8 million according to Forbes.
To close of our Top 5 Richest Black Billionaires list we have , *drumroll*
5. Rihanna – 1.7 Billion
Robyn Rihanna Fenty is a Barbadian singer, actress, fashion designer, and businesswoman. Born in Saint Michael and raised in Bridgetown, Barbados. Rihanna’s net worth is an estimated $1.7 billion according to Forbes