For generations, Black Americans have been taught that our golden ticket to wealth and becoming Black millionaires is by making it as athletes or entertainers. But that’s a very one-sided picture that has been painted for us that fails to acknowledge the many Black entrepreneurs that found success outside of those expectations. Individuals beyond the realm of big-name sports figures, music and movie stars have managed to use their intellect and skills to break into the millionaires club. Thus, dispelling the myth that Black people can only reach seven figure incomes from arenas and stages. Of the many Black millionaires that thrive in sports, music and entertainment, here are some who represent across finance, tech, and real estate.
Aug 13, 2021
From media and entertainment to private equity and investments, Black billionaires are proof that despite the odds we can achieve true financial freedom. This year, Forbes released its 2021 Billionaires list with a record-breaking number of 2,755 billionaires making the cut — a jump of 660 from its list published one year ago. Even across age, geographic locations, industries and race, today’s incredible Black businessmen and women are still showing that it’s possible to overcome obstacles and join one of the most esteemed populations in the world. Of the many billionaires on the list, here are the world’s Black billionaires in 2021 who represent amongst the richest group worldwide. Jay-Z – $1.4 Billion Jay-Z broke the glass ceiling for Hip Hop as the culture’s first billionaire, but his fortune continues to grow on account of his many business endeavors. As AfroTech previously reported, much of his wealth stems from sales from Roc Nation, Armand de Brignac, his D’Usse cognac, music...
May 13, 2021