Top 10 American Black Billionaires (+ Up&Comings) | Black Excellist

hello and welcome back in this black Excellus presentation we will highlight America's black billionaires and the up and comings welcome to black excellence calm the site where we share black excellence opulence and affluence our mission is to inspire you as we enlighten you in late 2017 we published a video featuring the ten richest black billionaires in the world but today we will highlight the ten richest black entrepreneurs here in America at the time there were only three black American billionaires but that number has since doubled therefore we want to take the opportunity to provide an update to celebrate the new members of the three comma Club it's not easy for anyone to become a billionaire in America but it's tremendously more challenging if you're black this can be proven by the fact that only six of the six hundred and seven billionaires on the Forbes list are African Americans so we want to take some time to commemorate these fascinating entrepreneurs who are currently on the list but we also want to acknowledge the four incredible individuals who we expect to hit the big milestone in the next few years in this original black Excellence video we will be featuring America's current and soon to be black billionaires so without further ado let's get started number 10 Tiger Woods net worth 800 million dollars Tiger Woods is an American golfer who parlayed a dominant run in professional golf into one of the biggest athlete business empires in history the 11th time PGA Player of the Year ranks second in both major championships and PGA Tour wins Tiger is regarded as one of the greatest golfers in the history of the sport and although he has earned more than 120 million dollars in prize money during his lengthy career in golf those figures pale in comparison to his earnings from sponsorships and endorsements after becoming a professional golfer in 1996 Tiger Woods was a immediately offered million-dollar deals with Nike Titleist and Rolex watches among dozens of other deals Tiger rebounded from a scandal and a series of debilitating injuries to re-establish himself as one of the marketable athletes and sports Tiger Ward back in 2018 with his first PGA Tour win in five years when he captured the Tour Championship his 2019 win at the Masters was his first major title in 11 years and 15th overall inching him closer to the Jack Nicklaus record of 18 in his professional golf career that he started at the age of 20 Tiger has won 81 PGA Tour victories and his total career earnings are estimated at a staggering 1.5 billion dollars however he has regularly made far more money off the golf course with endorsement deals than he did with wins on the golf course Woods is founder and CEO of Tiger Woods ventures a multi brand enterprise comprising his various companies and philanthropic endeavors including Tiger Foundation a charitable organization serving underrepresented youth through education Tiger design the Golf Course design company Tiger life and a Vince company and last but not least his upscale sports restaurant the woods Jupiter number nine dr. Dre Andre Young net worth 820 million dollars Andre Young better known as dr. Dre is an American rapper songwriter record producer and entrepreneur the Compton California native is the founder and CEO of aftermath entertainment and Beats Electronics and was previously co-owner of Death Row Records dr. Dre is considered to be one of the best hip hop producers of all time after his meteoric rise in the 1980s as a member of rap group NWA he climbed to the top of the music industry by working with all of the superstars of hip-hop and R&B but he would also carve out his own legacy by producing music for the likes of snoop dog M&M 50-cent and Kendrick Lamar as young started to expand his empire outside of the record producing area in 2006 he would partner with record executive and co-founder of Interscope Records Jimmy Iovine to form beats by dre the high-end headphones brand would introduce portable and wireless speakers co-branded smartphones and a new streaming music service to the music world and its fans in six years dr. Dre and i'veeen would turn beats by dre into a 1 billion dollar plus business thanks to lightning-fast marketing celebrity endorsements and an unbeatable grasp of pop culture there was a hungry market of demanding consumers who wanted to enhance their music listening experience far beyond what a $1 earbud could offer the time for them to cash out would come in the year 2014 they would sell their gold mine to Apple for a whopping 3.2 billion dollars their stake in the payout would be diluted due to large chunks of equity they gave up to early endorsers and taxes so in the end dr. Dre state would be 700 million dollars not a bad payday his net worth would still skyrocket inching him closer and closer to billionaire status number 8 Sheila Johnson net worth 820 million dollars Sheila Crump Johnson is an American businesswoman in co-founder of Black Entertainment Television the main streams go to cable channel for urban culture although her net worth has since decreased in 2001 Johnson was the first African American woman to attain a net worth of at least 1 billion dollars when Forbes named her to their billionaire list yes she beat Oprah to the punch Johnson has built a reputation on making bold investments that tap into her personal beliefs and passions while building businesses advancing education promoting diversity growing women's professional sports nurturing the arts and giving back to the global community Sheila Johnson's first loveless music as she became a concert violinist in high school who was the first african-american to win a statewide violin competition in Illinois originally working as a music teacher while teaching private violin lessons on the side Johnson credits much of her early business knowledge from her days as a private music instructor in 1969 Sheila married Robert Johnson they were married for 33 years and together they founded the entertainment network B et in 2001 they sold their conglomeration to Viacom for three billion dollars in stock and assumed debt today she is the first African American woman to be an owner or partner in three professional sports franchises the MBA Washington Wizards NHL capitols and WNBA mystics Johnson made her entrance into real estate and the hospitality industry in 2002 she's currently CEO of salamander hospitality a company that she founded in 2005 which includes holdings of luxury resorts spas and golf clubs meanwhile Sheila is a dedicated activist for social justice since 2006 she has been serving as a global ambassador for care a humanitarian organization fighting against poverty that she has donated more than four million dollars number seven Diddy Sean Combs net worth 900 million dollars New York born Diddy is a multi-talented musical genius who holds the titles of record producer songwriter actor rapper and entrepreneur as a young intern Combs worked at Uptown records before forming his own record label in 1993 called bad boy entertainment he produced blockbuster hits for the likes of notorious b.i.g uh sure and mary j blige he then released his own first solo studio album in 1997 which became certified seven times platinum and debuted number one on the billboards while releasing commercially and critically successful music Combs would celebrate three Grammy Awards and establish himself as one of the cash kings of hip-hop his immense wealth is the culmination of entrepreneurial endeavors centered around his clothing lines fragrances restaurants vodka bottled water a marketing agency and his own TV network Diddy string of successes started with his ability to take their newcomer Biggie Smalls and transform him into a hip-hop powerhouse he would then quickly sign other talented acts and a symbol of formidable in-house production team that would be responsible for releasing platinum hit after hit building upon his musical success Diddy would aggressively master the art of building a lifestyle brand that encompassed entertainment fashion attitude and extravagance in 1998 Diddy launched Sean John his own fashion line and clothing company in 2013 Diddy founded combs wine and spirits a liquor company that manages his branded alcoholic products and laid the foundation for his lucrative 50:50 multi-year deal with Ciroc Vodka moreover Diddy's cable network Revolt has access to more than 50 million viewers and can be watched worldwide but did he also takes time to pay it forward in 2016 did he opened a charter school in Harlem New York his multiple business accomplishments helped define his success but his school and has multiple charity initiatives through the Combs Foundation ranked at the top of his achievements number six jay-z Shawn Carter net worth 1 billion dollars born and raised in New York City jay-z began his musical career after founding the record label Rockefeller Records in 1995 he has gone on to release 13 critically acclaimed albums that have sold over 50 million records and 75 million singles sold worldwide after winning a total of 22 Grammy Awards and holding the record for the most number one albums by a solo artist jay-z has arguably established himself as the greatest entertainer and hip pop history the rapper turned mogul has earned his fortune not only through a rapping career that has spanned nearly three decades but also through very successful business and entrepreneurial endeavors these ventures have included entertainment labels clothing lines alcohol brands an upscale sports club and a music streaming service although jay-z sold his stake in the NBA's New Jersey Nets in 2013 he was key in revamping the franchise and instrumental in its move to Brooklyn in 2012 in 2015 jay-z bought the music streaming company title 456 million dollars and has parlayed its success into a value of 600 million jay-z's entertainment label Roc Nation is a partnership with Live Nation that has become the impetus for many of his recent multi-million dollar deals roc Nation's deal with the NFL in 2019 will help introduce new music and entertainment initiatives to NFL football games meanwhile his relationship with Beyonce Knowles has cemented the couple is royalty atop the music world through jay-z's concert deals with Live Nation the power couple has produced music together and played on a 50 show tour that reportedly earned them 5 million dollars a show today jay-z is trying to build a movement to change the world through his Shawn Carter Foundation and countless other philanthropic ventures his evolution has been a complicated but inspirational one that embodies all of the dimensions that every rapper aspires for commercially culturally and creatively we here at black excellence want to thank you for your love and support if you haven't already please like subscribe or give today either action you take really does help the channel tremendously again thank you for supporting our mission to produce black excellence for your enlightenment and enjoyment number 5 Kanye West's net worth 1.3 billion dollars rapper and fashion designer Kanye West gained widespread fame upon the release of his 2004 the college dropout today he is one of the most successful and awarded musicians on the planet with 21 grammy wins West began experimenting with music at an early age and even received a scholarship to attend the American Academy of Art in 1997 he transferred to Chicago State University to study English but eventually dropped out at the age of 20 to pursue his music career after dropping out of college West began making beats for local artists while he honed his own style his production credits include jay-z Beyonce John Legend Alicia Keys and Janet Jackson to name a few Westwood eventually evolved from music producer to rapper to hip-hop icon and go on to sell millions of records earned platinum plaques and reached number 1 on the Billboard charts however the majority of West's fortune came not from his music but from his footwear and apparel brand Yeezy this is a multi-million dollar partnership with Adidas that was officially announced in December of 2013 West has insisted for years that he is a billionaire but it wasn't until recently that Forbes magazine finally agreed with him after reviewing the 2019 valuation of his Yeezy adidas partnership and shoe division his collaboration with Adidas and the easy brand would be valued at three billion dollars kanye earns a 10% royalty on the net cells of the Yeezy shoe line which is by the way reportedly north of 1.5 billion dollars annually and he owns 100% of the apparel line outright this solidifies his astronomical net worth and his billionaire status should no longer be in question his philanthropic ventures include the Kanye West foundation which benefits disadvantaged minorities and he also devotes significant time and money towards disaster relief number four Michael Jordan net worth 2.1 billion dollars Michael Jordan is one of the most celebrated figures in popular culture and is almost universe we regarded as the greatest basketball player of all time he played 15 seasons in the NBA winning six championships with the Chicago Bulls he was one of the most effectively marketed athletes of his generation and is considered the most key factor in popularizing the NBA around the world in the 1980s and 90s since he retired in 2003 he has built the most successful and lucrative career that the world has ever seen from a former athlete while he made less than 100 million dollars during his career as the NBA's greatest player of all time MJ has been a billionaire since 2014 and was the first athlete to do so Michael Jordan is a self-made billionaire who made a fortune through multi-million dollar endorsement deals with Nike Gatorade Haynes and other corporate partnerships Nikes jordan brand alone brings in roughly three billion dollars in revenue each year the popularity of Air Jordans continues to rise and have seen a research in recent years thanks to celebrity partnerships who connect to a younger audience while releasing new versions of retro styles to reconnect with the older fans in 2010 he purchased the Charlotte Hornets for 175 million dollars which helped him hit billionaire status when the NBA franchises value skyrocketed just a few years after Jordans acquisition the team is now worth more than 1.5 billion in Jordan owns 97 percent of the franchise on top of that he's reportedly making 100 million dollars a year from Nike royalties alone in 2019 Jordans net worth was increasing at a rate of 34 thousand dollars an hour there is not enough time to list all of Jordan's philanthropic activities but he is a founding donor of the National Museum of African American history with a contribution of five million dollars in addition to attending and organizing hundreds of celebrity fundraisers MJ has donated millions more to causes supporting youth programs disaster recovery efforts and in movements to healthcare number three Oprah Winfrey net worth 2.7 billion dollars Oprah Winfrey is an American media executive television producer and former talk-show host who is best known for The Oprah Winfrey Show which was the highest-rated television program of its kind her show ran in national syndication for 25 years from 1986 to 2011 and helped her earn the title queen of all media Oprah is North America's first and only black multi billionaire and is also ranked as the greatest black philanthropist in American history Oprah Winfrey's first media job was at a radio station for the african-american community in Nashville making her the first black female news anchor in the city after a few short gigs Winfrey moved to Chicago where she revamped a morning show that was struggling in 1985 the program was renamed the Oprah Winfrey Show Oprah would enjoy a string of successes as she transitioned her hit talk show into a media and business empire in 2011 she launched her cable channel owned the Oprah Winfrey Network she continues to blaze her own path by starting her own production company such as Harpo Productions while expanding her success in the meteor world writing numerous best-selling books acting in blockbuster movies and producing critically acclaimed films to prove that she has the Midas touch her 43 million dollar investment into Weight Watchers is now worth more than 400 million dollars through her Angel Network Winfrey has given millions of dollars to charitable causes including building schools in rural areas across the globe like her Oprah Winfrey Leadership Academy for girls which has changed the trajectory for so many disadvantaged girls in South Africa as of 2020 Oprah Winfrey wears the crown as the richest black woman in the world Oprah has landed on several Forbes lists over the years including Forbes power list America's self-made female billionaire list and they're powerful people list number two David Stewart net worth three point nine billion dollars David Stewart is an American businessman who is the chairman and founder of world wide technology one of the largest african-american owned businesses in the United States after graduating from college in 1973 Stewart worked as a production manager and a successful sales representative for FedEx he always had an entrepreneurial spirit but it wasn't until 1981 that he hit a turning point he was named salesperson of the year M FedEx presented him with an ice bucket with engraved initials when Stewart looked inside and realized it was empty it became a defining moment for Stewart who decided to step away a few years later in 1990 Stewart founded wwt a systems integrator that focused on the implementation of enterprise-wide imaging conversion services and telecommunications networks the company serves not only corporate America but also federal state in local governments once the company started to win government contracts as a minority-owned small business the orders started rolling in from big budgeted federal customers private sector business transactions also started to heat up as companies rush to install computers printers and other telecom equipment in 1999 wwt spun off its telecommunications division to form telco by calm cells for the two companies excelled and in 2013 the combined revenue passed a whopping 1 billion dollars Stuart's tenacity and business savvy would help wwt revenue surpass and astounding 11 billion dollars by the year 2018 the company now has more than 40 fortune 100 companies as customers and has over 3,000 employees across 20 offices across the globe Stewart has served on a plethora of committees and boards around Missouri and the greater st. Louis area he has received multiple citizenship awards and has donated millions of dollars to the United Way of st. Louis Stewart has been the recipient of numerous accolades and awards including company and entrepreneur of the year from Black Enterprise as well as the horatio alger Award for distinguished Americans in 2014 number one Robert Smith net worth five billion dollars topping off our list of America's black billionaires we salute Robert F Smith as a high school student Smith secured an internship at Bell Labs after calling the company every week for five months after an intern from MIT didn't show up he was accepted as an intern he went on to earn a chemical engineer degree from Cornell University in 1985 an engineer and training he worked at Kraft Foods in Goodyear Tire before getting his MBA at Columbia University Smith would work on Wall Street accepting a position in the tumultuous world of Investment Banking at Goldman Sachs from 1994 to 2000 Smith would eventually leave Goldman Sachs to launch his own private equity firm Vista Equity Partners in 2000 the firm focuses exclusively on investing in Silicon Valley's least known software and technology companies with over fifty billion dollars in assets Vista is one of the best performing private equity firms in the nation posting annualized returns of 22 percent for the past 20 years Smith's intelligence business strategies and work ethic has won him praise from his corporate peers and earned him billions on Wall Street he and his company have a knack for finding elite talent that can be attributed to his unconventional hiring strategies Vista leverages a personality test developed by IBM that not only takes into account your social and technical skills but it also measures an applicant's interest in arts and humanities in 2016 Smith donated 20 million dollars to help support the National Museum of African American history in Washington DC moreover Smith signed on as a member of The Giving Pledge founded by Bill Gates and Warren Buffett and has promised to invest half of his net worth during his lifetime to causes that support the Equality of African Americans and causes that will ensure a livable planet for future generations furthermore during a commencement speech at a historically black college in Atlanta Georgia Smith made it an extra happy graduation day for the 400 Morehouse College graduates when he vowed to wipe out all of the student debt for the entire 2019 graduating class he later extended the gift to cover the educational debt amassed by their parents as well boss we appreciate the fact that you stayed with us until the end thank you for spending time with us and don't forget to like this video also make sure you subscribe so that you never miss a video bye for now we will see you tomorrow

Channel: Black Excellence Excellist

Views: 1,539,620

Keywords: black, excellist, african, american, african american, education, black excellence, top10, black history, jayz, david steward, oprah winfrey, robertsmith, michaeljordan, kanyewest, sheilajohnson, drdre, diddy, tigerwoods, billionaire, millionaire, money, rich, community, business, entrepreneurs, boss, forbes, own, music, hip hop, cash, kings, beyonce

Id: zP7PsULhdsc

Length: 25min 27sec (1527 seconds)

Published: Tue Jun 02 2020