Black wealth continues to be generated around the world. In 2022, there were more newcomers on the billionaire list highlighted by four celebrities.
Newcomers
Rihanna: Forbes recognized the pop star-turned-entrepreneur in April. Fenty Beauty generated more than $550 million in revenue in 2020. She also has a 30% stake in the Savage x Fenty lingerie line, and has a net worth of $1.7 billion.
LeBron James: One of the greatest NBA players ever, James’ The SpringHill Company produced a $725 million valuation from projects like Space Jam: A New Legacy and the HBO documentary What’s My Name: Muhammad Ali. James is the largest shareholder of SpringHill.
Three hundred million dollars of the star’s value comes from SpringHill, $90 million comes from Fenway Sports Group, $80 million from real estate, $30 million from Blaze Pizza and more than $500 million from other investments. He has a net worth of $1 billion.
Tiger Woods: The bulk of the superstar golfer’s fortune comes from endorsement deals with brands like Nike, Gatorade, Monster Energy, TaylorMade and Rolex. He has a net worth of $1.1 billion.
Diddy: The music mogul’s Cîroc partnered with Diageo on the brand that brings him in a cash flow of $60 million a year, according to former Forbes editor Zack O’Malley Greenburg. He has a net worth of $1 billion.
(Some) mainstays
Aliko Dangote: The Nigerian billionaire businessman is the founder, chairman and CEO of the Dangote Group, the largest industrial conglomerate in West Africa. He has a 2022 net worth of $18.8 billion, according to Bloomberg.
Mike Adenuga: The Nigerian businessman owns Globacom, Nigeria’s second-largest telecom operator that is also available in Ghana and Benin. He has a reported net worth of $5.7 billion.
Robert Smith: The Denver-born businessman is the founder, chairman and CEO of Vista Equity Partners. He has a net worth of $11.9 billion, according to Bloomberg.
Abdul Samad Rabiu: The Nigerian businessman BUA Cement Plc chairman has a net worth of $7.3 billion.
David Steward: The Chicago native is the chairman and founder of World Wide Technology, one of the largest Black-owned businesses in America. He has a net worth of $6 billion.
Oprah Winfrey: The chairwoman and CEO of Harpo Productions and the Oprah Winfrey Network.
Jay-Z: The hip-hop legend’s business ventures are led by his Armand de Brignac champagne and Roc Nation entertainment company.
Tyler Perry: The actor, comedian, filmmaker and playwright has a net worth of $1 billion. The majority of his productions are filmed at Tyler Perry Studios.
Michael Jordan: His majority-share ownership of the Charlotte Hornets and popular shoe line play large parts in his $1.7 billion net worth.
Patrice Motsepe: The South African mining businessman is the founder and executive chairman of African Rainbow Minerals. He has a net worth of $2.8 billion.
Folorunsho Alakija: The Nigerian businesswoman is involved in fashion, oil, real estate and printing. The richest woman in Africa, she has a net worth of $1 billion.
Alex Karp: The Philadelphia native is the co-founder and CEO of software firm Palantir Technologies. He has a net worth of $1.3 billion.
