Thesewealthiestblack Americans have contributed immensely in Hollywood and other businesses in America. They have made excellent name and plenty of money for themselves. Media mogul Oprah Winfrey and Michael Jordan are the only African American billionaires.
Here are the top 12 richest African Americans.
12) Bill Cosby – $380 Million
American comedian, television star and producer Bill Cosby made most of his wealth through the hugely successful The Cosby Show, stand-up comedy and also several endorsement deals including Coco-Cola, Ford and Jell-O. He dominated the television in the 1980s with his popular series The Cosby Show. The show ran from 1984 to 1992. He also starred in the 60s hit adventure series I Spy. In 2014 Wealth-X estimated his net worth at $380 million.
Randy Miramontez / Shutterstock.com
11) Tyler Perry – $400 Million
American actor, director, screenwriter, playwright, producer author and songwriter Tyler Perry played a major role in turning Oprah Winfrey’s OWN network around. He continues to churn out Madea movies. His annual earnings is around $80 million.
10) Beyonce – $450 Million
American singer, actress and fashion designer Beyonce Knowels’ debut album Dangerously in Love (2003) sold 11 million copies, earned five Grammy Awards and featured the Billboard Hot 100 number-one singles “Crazy in Love” and “Baby Boy”. Her single “Drunk in Love” from the album “Beyonce” (2013) was a major hit.
9) Magic Johnson – $500 Million
Retired American professional basketball player Magic Johnson pocketed more than $100 million from his 2010 sales of 105 Starbucks franchise and his 4.5 percent stake in the Los Angeles Lakers. His business empire touches on insurance, food services, healthcare and staffing.
8) Mariah Carey – $520 Million
Mariah Carey does not need introduction. She is the best-selling female artist in the history of the Billboard charts. She has fans worldwide! In the year 2000, Mariah Carey was given a $100 million recording contract with Virgin. It is the biggest contract in the history of music at that time. She has sold more than 200 million albums worldwide!
7) Jay-Z – $520 Million
Rapper, record producer and entrepreneur Jay Z is one of the most financially successful hip-hop artists and entrepreneurs in the world. He has excellent business acumen. He is a minority owner of NBA’s Brooklyn Nets. He sold his clothing line Rocawear for $204 million in 2007 and signed a $150 million collaboration with Live Nation in 2008 through his Roc Nation entertainment company. Jay-Z is also a fully-qualified sports agent under the sports branch of Roc Nation (Roc Nation Sports).
) Robert L. Johnson – $550 Million
Robert L. Johnson is a businessman, media magnate, investor, executive and philanthropist. He is the founder of Black Entertainment Television (BET), which he sold to Viacom in 2001 for $3 billion; becoming the first African American billionaire. He also founded RLJ Companies, a holding company that invests in different business sectors.
5) Tiger Woods – $600 Million
American professional golfer Tiger Woods is among the most successful golfers of all time. Currently he endorses reputed brands like Nike. Even though he has made $1.3 billion in his career, his infidelity cost him plenty of money! A December 2009 study estimated the shareholder loss caused by his affairs to be between $5 billion and $12 billion. Currently he is making $80 million plus in winnings, endorsement deals and appearance fees.
Tiger Woods and his father established the Tiger Woods Foundation in 1996. The goal of the foundation is to promote golf among inner-city children.
4) Diddy – $700 Million
Sean “Diddy” Combs is an immensely successful rapper, record producer, actor and entrepreneur. He has made the majority of his wealth through intelligent business decisions. This award-winning rapper owns a 50 percent share of the profit from the Ciroc vodka brand he helped to develop. He also has a majority stake in the television network Revolt TV.
3) Dr. Dre – $780 Million
Record producer, rapper and entrepreneur Dr. Dre is the founder and current CEO of Aftermath Entertainment. He is the richest rapper in the world and owes much of his fortune to the enormously successful Beats by Dr. Dre headphones, which currently account for 65 percent of the premium headphone market. He is now worth $780 million after Apple acquired Beats headphone for $3 billion, a company he co-founded. According to Forbes’ 2014 Hip-Hop Cash Kings, Dr. Dre earned $620 million.
2) Michael Jordan – $1 Billion
Basketball’s greatest player 51-year-old Michael Jordan realized his dream of becoming an NBA owner in 2014 when he became the majority shareholder of the Charlotte Bobcats. According to Forbes’ estimate in 2015, Michael Jordan is the first US professional athlete to become a billionaire thanks to deals with popular brands like Nike, Gatorade, Hanes and Upper Deck. Brand Jordan is a $1 billion (sales) business for Nike. Jordan’s successful career has been an inspiration for many retired basketball players.
1) Oprah Winfrey – $3 Billion
Oprah Winfrey is the richest African American. This 61-year-old self-made billionaire is a media proprietor, talk show host, actress, producer and philanthropist! She is the chairwoman of Harpo Productions and Oprah Winfrey Network (OWN). She also has an annual $55 million contract with Sirius XM’s Oprah Radio Show. Her 2013 earnings was $75 million. She also makes millions from her O Magazine.
Although she had a difficult upbringing, Oprah took the most out of a second chance. Today she has turned her remarkable career into a platform of helping others.
These amazing individuals are inspiring millions of African Americans.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.