America’s Black billionaires span across a diverse range of industries and business sectors. Nevertheless, a significant majority of individuals on this list have accumulated the majority of their wealth through sports and the entertainment sector.
The collective net worth of these individuals stands at $31.3 billion, an impressive figure, yet it is only a fraction, one-seventh of the net worth of the world’s wealthiest individual, Elon Musk, estimated at $225.4 billion according to Forbes real-time billionaires list 2024.
Among the countries featured on Forbes’ list in 2023, the United States with the highest number of billionaires, 735 American citizens were billionaires.
However, despite the immense wealth within the country, out of the 1,000 wealthiest individuals globally, only two are Black African Americans.
Here are America’s richest black billionaires of 2024 as of January 21.
Robert F. Smith – Net worth: $9.2 billion
At the top of the list is Robert F. Smith, a 61-year-old private equity magnate with a whooping net worth of $9.2 billion. As the founder and CEO of Vista Equity Partners, Robert has established his position as a key player in the financial world. His global wealth rank of 244 reflects his outstanding success in the private equity sector.
David Steward – Net worth: $7.6 billion
David Steward, aged 72, has amassed a net worth of $7.6 billion, earned through his ventures in the IT sector. As the founder of World Wide Technology, a leading technology service provider, Steward’s accomplishments and influence are attested to his global wealth rank of 316.
Michael Jordan – Net worth: $3 billion
Renowned basketball legend Michael Jordan, at 60, has seamlessly transitioned from the court to the boardroom. With a net worth of $3 billion, he not only owns the Charlotte Hornets but also leverages his iconic brand through lucrative endorsements. Jordan’s global wealth rank of 1041 showcases his enduring impact on sports and business.
Oprah Winfrey – Net worth: $2.8 billion
Oprah Winfrey, a household name and media mogul, has a net worth of $2.8 billion. At 69, she continues to be a powerful force in the entertainment industry. With a global wealth rank of 1123, Oprah’s success extends beyond her iconic TV shows to various philanthropic endeavors.
Jay-Z – Net worth: $2.5 billion
Jay-Z, the 54-year-old music icon, has diversified his wealth portfolio, resulting in a net worth of $2.5 billion. As a successful entrepreneur and influential figure in the music industry, his global wealth rank of 1236, demonstrates his expertise in both entertainment and business.
Alexander Karp – Net worth: $1.9 billion
Alexander Karp, aged 56, has amassed a net worth of $1.9 billion through his contributions to the software industry. As the co-founder and CEO of Palantir Technologies, Karp’s global wealth rank of 1583 showcases the increasing significance of technology in today’s wealth terrain.
Tope Awotona – Net worth: $1.2 billion
At 42, Tope is the founder and CEO of scheduling software company Calendly. With a net worth of $1.2 billion, Tope has made significant strides in the software industry, showcasing the potential for young entrepreneurs to shape the future. His global wealth rank of 2282 highlights his rapid ascent in the business world.
Tiger Woods – Net worth: $1.1 billion
Golfing maestro Tiger Woods, aged 48, has not only left an indelible mark on the golf course but has also amassed a net worth of $1.1 billion. His global wealth rank of 2457 shows his enduring influence and commercial success in the world of sports.
LeBron James – Net worth: $1 billion
LeBron James, at 39, has reached a net worth of $1 billion, primarily through his illustrious basketball career and various endorsements. As a global sports icon, his wealth rank of 2477 illustrates his impact on and off the court.
Tyler Perry – Net worth: $1 billion
Tyler Perry, aged 54, has reached a net worth of $1 billion through his contributions to movies and television. As a prolific filmmaker and media mogul, Perry’s global wealth rank of 2530 reflects his success and influence in the entertainment industry.
