Here’s a look at the United States’ five black billionaires.
5. Jay-Z: $1 billion
Welcome to the club, Shawn Carter — aka Jay-Z. His On the Run II, his stadium tour with wife Beyoncé grossed roughly $5 million per night, pulling in more than $250 million. He became hip-hop's first billionaire thanks to an empire that includes liquor, art, real estate and stakes in companies like Uber.
» Forbes: These are the richest rappers of 2019
4. Michael Jordan: $1.9 billion
NBA great Jordan, whose playing salary totaled $90 million but he has earned another $1.4 billion (pre-tax) from corporate partners.still has sponsorship deals with Hanes, Gatorade and Upper Deck 15 years after retiring from basketball.
January 25, 2020 Atlanta - Oprah Winfrey speaks during Oprah's 2020 Vision Tour at State Farm Arena on Saturday, January 25, 2020. Today, Oprah Winfrey took the stage for the fourth stop of her national arena tour, Oprah's 2020 Vision: Your Life in Focus. Presented by WW (Weight Watchers Reimagined), Oprah is bringing a full day wellness event to nine U.S. cities through March 7. Joined by high profile guests including a marquee interview with Dwayne Johnson, Oprah will help motivate audiences to make 2020 the year of renewal and celebrate all we are meant to be. (Hyosub Shin / Hyosub.Shin@ajc.com)
Credit: HYOSUB SHIN / AJC
Credit: HYOSUB SHIN / AJC
3. Oprah Winfrey: $2.7 billion
In addition to the media, entertainment and business empire she’s built, Winfrey owns shares in Weight Watchers and has a partnership with Apple. She has donated nearly half a billion dollars to charities throughout her career, including more than $100 million to the Oprah Winfrey Leadership Academy for Girls in South Africa.
» Oprah Winfrey focuses on wellness, grief at Atlanta appearance
2. David Steward: $3.5 billion
Steward is co-founder and chairman of World Wide Technology, an $11.2 billion (sales) IT provider whose customers include Citi, Verizon and the federal government. In the early days, Steward sometimes went without a paycheck and once watched his car get repossessed from the office parking lot.
Even those who aren’t so rich can follow the example of billionaire Robert F. Smith, shown at the May 19 Morehouse College graduation, and donate money to help college students. STEVE SCHAEFER / SPECIAL TO THE AJC
1. Robert Smith: $5 billion
The third American on the list, Smith made his fortune through the private equity firm, Vista Equity Partners, he founded in 2000. A graduate of Cornell, he pledged $50 million (personally and through a foundation) to the university in 2016.
» Robert Smith pays off Morehouse Class of 2019's student loans
» Before Morehouse gift, Smith donated money to buy MLK birth home
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