April 2nd 2024.
Forbes has just released its highly anticipated annual World's Billionaires List and this year, Black Excellence has dominated the top rankings. In fact, a whopping 14 of the world's wealthiest celebrities are Black individuals who have amassed incredible fortunes through their hard work and savvy business moves.
Topping the list at number three is none other than NBA legend Michael Jordan, who boasts a jaw-dropping net worth of $3.1 billion. This puts him just behind Hollywood heavyweights Steven Spielberg and George Lucas. Jordan's wealth is primarily derived from his successful brand partnerships, particularly his iconic Nike Jordan brand. In addition, his ownership of the Charlotte Hornets NBA team has also contributed greatly to his impressive net worth, with the team selling for a staggering $3 billion in 2023 after Jordan purchased it for just $175 million in 2010.
Next in line is media mogul Oprah Winfrey, with a net worth of $2.8 billion. Winfrey has accumulated her wealth through a diverse range of ventures, including real estate and her own production company. Not far behind is music mogul Jay-Z, who comes in at fifth place with a net worth of $2.5 billion. Jay-Z's billions have been earned through strategic business moves, such as selling a 50% stake in his champagne brand to luxury goods giant LVMH for a reported $300 million, and his majority stake in his cognac label being sold for a whopping $750 million.
Another familiar face on the list is filmmaker and media tycoon Tyler Perry, who ties with pop star and entrepreneur Rihanna with a net worth of $1.4 billion. Perry's wealth has been amassed through his successful film and television projects, while Rihanna's net worth has skyrocketed since the launch of her popular beauty and lingerie brands, which she owns alongside LVMH.
Golf legend Tiger Woods closes out the top 10 celebrity billionaires with a net worth of $1.3 billion. Woods' earnings primarily come from his successful career in the sport and lucrative endorsement deals. After parting ways with Nike, Woods has gone on to launch his own successful clothing company.
Basketball superstar LeBron James follows closely behind with a net worth of $1.2 billion. James has made smart investments both on and off the court, including in real estate, food chains, and his own media company. He also holds ownership stakes in various sports teams, such as the Boston Red Sox and Liverpool FC.
Another NBA legend, Magic Johnson, ties with James at 12th place with a net worth of $1.2 billion. Johnson, who rose to fame and fortune playing for the Los Angeles Lakers, has maintained his wealth through various business ventures. These include his ownership stake in a life insurance company, as well as ownership stakes in several sports teams, including the Los Angeles Dodgers and LAFC.
It's clear that these incredibly successful individuals have not only made their mark in their respective industries, but have also proven their business acumen and ability to build and maintain immense wealth. As we celebrate their achievements, it's important to recognize and applaud the representation and success of Black individuals on the global stage.
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