The 15 Richest Black Families in the USA 2023...

the United States is considered the land of opportunity for Millions around the world the idea that no matter who you are what color your skin is or what religion you practice anyone can achieve the American dream has traveled all over the world however internally this might be a whole other story in America the average black family is only one tenth as wealthy as the average white family black Americans controlled 0.5 percent of the nation's wealth in 1863. for nearly the same fraction of the whole population it is a little over 1.5 percent today the presumption of progress following the abolition of slavery and the victories of civil rights has largely obscured the root of that stalemate but for every advancement made by black Americans those in positions of authority devised new forms of discrimination that were largely hidden from View and repeatedly sabotaged the economic promise of freedom of the 724 billionaires in the United States only seven are black this huge discrepancy perfectly exemplifies the scale of income inequality in the United States today we're going to be breaking down the 15 wealthiest black families in the United States and of course as you'd expect the power of celebrity is a great Fort for wealth generation in Black America 15. the O'Neill family the O'Neill family is the family of former NBA superstar and businessman Shaquille Rashon O'Neill popularly known as shock the majority of the O'Neill family's wealth is due to shock who is the breadwinner of the family one of the best centers in basketball players of all time is O'Neill he is a center who stands seven feet one inch tall weighs 325 pounds and has won four NBA championships in his 19-year career he played for six clubs in the NBA shock is also a bustling investor and businessman he was an avid Bond investor in the early 1990s but he also continued to invest in stocks and a variety of businesses including Pepsi apple and General Electric he stated that when he had a strong emotional connection to the company that is when investing in stocks had the best results for him he has also been a bustling real estate businessman with real estate development initiatives geared towards supporting Orlando Property Owners facing foreclosure he was aiming to diversify his business ventures his ideas included purchasing the mortgages of homeowners who had experienced foreclosure and then reselling the homes to them at a lower price in June 2015 O'Neill made a financial investment in the technology startup loyal three Holdings Incorporated a San Francisco brokerage house whose website and mobile app allow businesses to sell a portion of their IPOs directly to small investors who put up as little as one hundred dollars and also permits investors to regularly buy small amounts of shares in already public businesses the O'Neill family is collectively worth over 292 million dollars 14. the Kerry family the Carey family is the family of American music singer songwriter actress and record producer Mariah Carey she is recognized for her five octave vocal range melismatic singing style songwriting and distinctive usage of the whistle register she is also referred to as the Songbird Supreme and the queen of Christmas Carrie's self-titled deadweet album helped her achieve stardom in 1990. from Vision of Love to motions she was the first artist to have all five of her first singles hit the top spot on the Billboard Hot 100. Carrie has received various accolades and prizes during the course of her career she has received 15 Billboard Music Awards 10 American Music Awards 19 World Music Awards and five Grammy Awards she was also honored with a songwriters Hall of Fame induction with sales of 69.5 million units in the U.S as of March 2022 the recording industry Association of America identifies Kerry as the best-selling female album artist the Kerry family happens to be so wealthy mostly due to Mariah's success they are collectively worth over 340 million dollars 13. the Smith family the Smith family is Will Smith's family he is also popularly known as fresh prince from his performance in the nindy's sitcom Fresh Prince of Bel-Air playing a fictionalized version of himself [Music] Smith well known for his work in music film and television has won numerous honors including four Grammy Awards and an Academy Award he is one of Hollywood's most bankable stars as of 2022 with global box office receipts for his films exceeding 9.3 billion dollars on December 31 1997 Smith wedded Jada Pinkett an actress when Pinkett went on a casting call for the part of Smith's character's girlfriend in The Fresh Prince of Bel-Air they connected through their joint production firm over Brook entertainment and West Work Incorporated the couple makes movies Jaden Smith his co-star in the pursuit of happiness and after Earth and Willow Smith who played his daughter in I Am Legend are their two children together Jaden and his sister Willow are huge celebrities and are following in their parents footsteps the combined assets of the family are estimated to be over 350 million dollars if you are still watching this video it means you love it why not take a second and hit the like button have you done that let's move on 12. the Johnson family the Johnson family is a very successful African-American family it is the family of Robert Louise Johnson Robert Louise Johnson is an American businessman media tikkun executive investor and philanthropist he is one of the co-founders of bet which Viacom bought out in 2001. he also established rlg companies a holding firm that makes Investments across a range of Industry areas Johnson was the Charlotte Bobcats former majority owner in 2001 he became the nation's first black billionaire among the most well-known African-American corporations in the late 20th and early 21st centuries were Johnson's companies Johnson and Morgan Freeman collaborated in 2011 to collect money for Hurricane preparedness in the Bahamas in 2012 Johnson launched that arancy Ella Rose Africa Thai collection in collaboration with PVH and the Ala Rose collection to raise money for the non-profit malaria no more Johnson invested 30 million dollars to establish the Liberia Enterprise Development Fund in 2007. the fund offers Liberian business owners Finance the Johnson family is worth an estimated 550 million dollars 11. the Johnson family the next family on our list is also a Johnson family this Johnson family is the family of Magic Johnson NBA Hall of Famer and businessman Johnson played 13 seasons in the NBA and is frequently recognized as the best point guard ever to play the position Johnson was chosen first overall by the Los Angeles Lakers in the 1979 NBA draft after winning championships in high school and college he later steered the team to five NBA titles during the showtime era Johnson announced his sudden retirement in 1991 after learning he had HIV but he came back to participate in the 1992 All-Star Game and took home the MVP award after objections from his teammates he took a second retirement for four years but at age 36 he came back to play 32 games with the Lakers before taking his third and final retirement Johnson was inducted twice into the Naismith Memorial Basketball Hall of Fame once in 2002 for his individual career and once in 2010 as a part of the Dream Team he was named one of the 50 greatest players in NBA history in 1996 and was chosen for the NBA 75th Anniversary team in 2021. he played against Boston Celtics icon Larry Bird in the 1979 NC double a championship game and three NBA championship series their relationship and rivalry are well known the Johnson family is worth over 620 million dollars 10. the young family the young family is popular for being the family of Dr Dre Dr Dre is the stage name of Andrew Romel young an American rapper record producer and businessman he is a co-founder of Beats Electronics which was purchased by Apple in 2014 for 3.4 billion dollars after co-founding and running Death Row Records he is also the Creator and CEO of aftermath entertainment his career began in 1985 when he joined the world-class wrecking crew and a year later he joined the gangsta rap group andouille Duran was also recognized as a significant contributor to the development and acceptance of West Coast G Funk A hip-hop style distinguished by a synthesizer basis and slow powerful beats Dr Dre is renowned for his constantly developing production technique which he uses to reshape pieces from earlier Works while staying in touch with his early musical sound this family is estimated to be worth over 800 million dollars 9. the James family when you hear the last name James the first person that comes to mind is probably LeBron James and in this particular case you'd be right the James family is the family of LeBron James American professional basketball player LeBron Ramon James plays for the Los Angeles Lakers in the NBA he is commonly referred to as King James and in discussions about the best basketball player of all time he is frequently compared to Michael Jordan James has won two Olympic gold medals three All-Star MVP awards four NBA MVP awards four NBA Finals MVP awards and four NBA MVP honors James has publicly dreamed about one day owning an NBA team he's well on his way the Basketball Star already counts pro baseball soccer and hockey teams among his Holdings James Grant a minority stake in Liverpool FC the English Premier League soccer team in 2011 when his Sports Marketing business entered into a partnership with Fenway Sports Group last year he and Maverick Carter exchanged their stakes in Liverpool for part ownership of FSG James is estimated to own around one percent of the group which owns the Boston Red Sox Fenway Park and Liverpool plus half of Rosh Fenway racing and 80 percent of the New England Sports Network in late 2021 FSG agreed to pay about 900 million dollars to add the NHL's Pittsburgh Penguins to its portfolio the James family is worth over 1 billion dollars eight the woods family here's another last name that would certainly bring bells in the minds of sports lovers the name Woods is almost synonymous with the golf legend Tiger Woods American golfer eldrich tunt Tiger Woods still competes professionally he ranks second in men's major championships is tied for the lead in PGA Tour victories and owns a number of golfing records one of the most well-known athletes in contemporary history Woods is recognized as one of the all-time crates of golf he was honored with a World Golf Hall of Fame induction Woods turned professional in 1996 at the age of 20 after having a stellar Junior Collegiate and amateur golfing career he won three PGA Tour competitions by the end of April 1997. in addition to his first major the 1997 Masters which he won by a record-breaking 12 shots less than a year after turning professional on June 1997 he made his first ascent to the top of the global rankings Woods dominated golf for the first 10 years of the 21st Century from August 1999 to September 2004 and again from June 2005 to October 2010. he had the number one golfing position in the world he achieved this by winning 13 major golf tournaments the woods family is worth an estimated over 1 billion dollars seven the Perrys the Perry's last name cannot go unnoticed just as the previous families this family is famous for being Tyler Perry's family he created the media Persona a strong elderly woman and also plays her the styles of Perry's movies range from conventional methods of filmmaking to video Renditions of live stage plays many of his stage play films have now been transformed into full-length Motion Pictures in the 1990s and the beginning of the 2000s Perry produced and authored a lot of theater plays he also created a number of television shows most notably Tyler Perry's House of Pain which aired on TBS from 2006 to 2012 for eight seasons with earnings of 130 million dollars between May 2010 and may 2011. Forbes ranked him as the highest paid Entertainer in 2011. in 2012 Perry and Oprah Winfrey's Odo un agreed to an exclusive multi-year relationship Tyler Perry has stakes in BT plus and his Tyler Perry Studios which he founded this is the greatest contribution to him becoming a billionaire the Perry family is worth over 1 billion dollars as well 6. the Jordan family unless you have been living under a rock for the past 30 plus years chances are you'd easily recognize a pair of Jordan's shoes when you see one the Jordan family is the family of Michael Jordan former professional basketball player Michael Jeffrey Jordan often known by his initials MJ is an American businessman by acclimation Michael Jordan is the greatest basketball player of all time reads his biography on the NBA website he competed in the NBA for 15 Seasons winning six NBA titles with the Chicago Bulls Jordan serves as the chairman and primary owner of 2311 racing in the Nascar Cup Series as well as the NBA's Charlotte Hornets in the 1980s and 1990s he played a key role in the NBA's globalization and Rose to fame as a global cultural hero his product endorsements have made him one of the athletes of his generation with the best marketing campaigns he contributed to the popularity of Nike's Air Jordan shoes which were first released in 1984 and are still in style today Jordan is the main subject of the Emmy award-winning documentary miniseries the last dance and also starred as himself in the 1996 live action slash animation hybrid movie Space Jam in 2006 he joined the Charlotte Bobcats now known as the Hornets as a co-owner and president of basketball operations in 2010 he acquired a majority stake in the team Jordan became the first NBA player to earn a billion dollars in 2016. the he received the presidential medal of freedom from President Barack Obama in 2016. the Jordan family is estimated to be worth over 1.7 billion dollars 6. The Carter family Beyonce Knowles Carter and Jay-Z or Sean Carter a married musical team make up the Carters in the United States on June 16 2018 Carter's debut album Everything Is Love Was Made available the Pair worked together on two Global tours on the Run Tour and otr2 and produced a number of joint projects before formally declaring their cooperation the album received a gold U.S certification in 2019 on Bonnie and Clyde a track from Jay-Z's blueprint to the gift and the curse the couple first worked together in 2002 the following year Crazy In Love from Beyonce's debut solo album Dangerously in Love became their first number one song later the two collaborated with DJ Khaled on two songs and worked on her curated version of The Lion King the gift that's just a few of what this family has achieved The Carter family is worth over 1.75 billion dollars 5. the West Family the West family is the family of Canyon west is one of the best selling musicians in the world with over 160 million albums sold he has received 24 Grammy Awards which ranks him in Jay-Z as the two rappers with the most Grammys ever his other honors include the Michael Jackson video Vanguard award the billboard artist Achievement Award and a joint record three print awards for best International Male solo artist the rapper's Yeezy clothing line makes up the bulk of his net worth the brand raked in 1.3 billion dollars of Revenue in 2020 exact details of how much West has made from the line remain unclear but it's estimated he pocketed about 11 which would make his most recent earnings from the company a tidy 143 million dollars in 2020 it was announced that West would partner with gap on a multi-year Yeezy collaboration The Collection hit stores in the summer of 2021 and was estimated to be worth about 970 million dollars of his fortune according to Bloomberg The Collection is set to have broken over 150 million dollars in sales in its first full year in 2022 the West family is worth over 2 billion dollars four the Winfrey family this family is famous for being the family of Oprah Winfrey American talk show host television producer actor author and philanthropist Oprah Gail Winfrey is also known by her stage name Oprah she is most known for her chicago-based talk show the Oprah Winfrey Show which aired from 1986 to 2011 and was nationally syndicated for 25 years she was known as the queen of all media the richest African-American of the 20th century the first and only black billionaire in history and the most influential black philanthropist in American history she was occasionally rated as the most powerful woman in the world in 2007. Winfrey was raised in the inner city of Milwaukee after being born into poverty to a single adolescent mother in rural Mississippi she has claimed that she was abused as a child and in her early adolescence she got pregnant at the age of 14 and her son was born prematurely and died in infancy after being transferred to live with Vernon Winfrey a barber who she refers to as her father in Nashville Tennessee Winfrey found work in radio while still a high school student by the age of 19 she was a co-anchor for the neighborhood Evening News after making the transition to daytime talk shows because of her frequently passionate and spontaneous delivery Winfrey established her own production company after elevating a third-rated local Chicago talk show to the top spot the Winfrey family is worth an estimated 2.5 billion dollars 2. the Stewart family the steward family is one of the most influential black families in the United States the success of this family is due to David Stewart he is the chairman and founder of worldwide technology one of the biggest companies owned by African Americans in the country Taco boy.com was created in 1999 after worldwide Technology's Telecom segment was spun off although revenues fell in 2002 as worldwide technological felt the effects of the technology slump sales for the two businesses continued to rise Stewart established worldwide technology holding company as the parent company for the two businesses after the combined reported revenues of the two companies reached one billion dollars in 2003. with Revenue worth 13.4 billion as of 2022 worldwide technology would be among the biggest private businesses in St Louis the steward family is worth over six billion dollars one Smith family this family is not to be confused with Will Smith's family as it is the family of Robert Smith he founded the private Equity company Vista Equity partners and serves as its chairman and CEO Smith established Vista Equity Partners in 2000 he is the primary Creator chairman and CEO of this private equity and Venture Capital company Smith is recognized for continuously producing a 30 rate of return for his investors from the company's founding through 2020 according to Black Enterprise Magazine including all of their interests Vista Equity Partners was the fourth largest enterprise software company as of 2019 pined Microsoft Oracle and sap companies including stats Ping Identity and Geo have received investment from Vista Vista Equity Partners had closed more than 46 billion dollars in financing as of 2022 the Smith family is worth an estimated 8 billion dollars the wealth segregation between different races in the United States has relegated a lot of families behind the Limelight of success which is easily seen in the disparity between the number of black billionaires versus their white counterparts but hopefully with a woke Millennial and gen Z generation taking matters into their own hands we would slowly start to see more income equality we hope you enjoyed this video and please leave a like and also comment on your thoughts about this whole income inequality thing thanks for watching catch you guys in the next one thank you

Channel: The New Tourist

Views: 1,222,782

Keywords: black excellence, wealth, rich, african american, black history, excellist, The 15 Richest Black Families in the USA..., 15 wealthiest black families in America., black billionaires in america, who are the richest black families in the united states, the richest african american families, the new tourist, african diasporans, richest african diasporans, why are african americans moving back to africa, richest NBA stars, richest black americans, 2022, BET

Id: 91N_ej6lImg

Length: 23min 6sec (1386 seconds)

Published: Fri Oct 14 2022