Article presents the names of richest African Americans. Since age of slavery and after its abolition, Blacks have been one of the most poor ethnic groups in USA. They have been an integral part of America. Let us see the top 10 wealthiest African Americans along with their net worth and also source of their income. This list is topped by the only African American billionaire in 2013 and her name is Oprah Winfrey. Her net worth stands at $2.8 Billion Remaining black people are millionaires.
Must See: Black Billionaires
#1) Oprah Winfrey – The Richest African American
Net Worth: $2.8 Billion
Date of Birth (DOB): January 29, 1954
Richest black woman in the world and also one of the seven black billionaires, Oprah Winfrey occupies the first place in our top 10 list. She is a an actress, Television host, producer and philanthropist. She was the host of the best rated Television show The Oprah Winfrey Show. With her significant ownership in TV channels and shares of broadcasting rights, she was the first black woman billionaire in the world. Her recent efforts for the cause of poor in America and also in Africa have made her the greatest black philanthropist in the world and ever in the history. She was the host of TV chat show ‘People are Talking’ from 1976 to 1984 and made it a hit. Then she started ‘The Oprah Winfrey Show’ in 1986 and made it a phenomenon in American TV history. This self-made billionaire has one of the largest fan following in social media with more than 19 million followers on Twitter only. Oprah Winfrey is frequently listed by Forbes Magazine as one of the most powerful women in the world.
#2) Michael Jordan – One of the Richest African Americans
Net Worth: $650 million
Source: Endorsements, Team Ownership and Royalties from Brand Jordan
DOB: February 17, 1963
Michael Jordan is undoubtedly the greatest basketball player ever and the richest African American man. His career highlights include the six titles he won in NBA while playing for Chicago Bulls. He redefined the way in which an athlete can be used for business sales. He is sometimes credited for spreading the popularity of NBA in America as well as outside US. His earnings come from diverse sources. According to Forbes, Michael Jordan earned an estimated $80 million in earnings from endorsements and royalties from companies like Nike, Gatorade, Hanes, Upper Deck, 2K Sports, Presbyterian Healthcare and Five Star Fragrances. He is also majority stakes owner in the team Charlotte Bobcats with his stakes standing at 80%. His significant earnings come from royalties with sales of Jordan Brand which is a division of Nike. Recently, he was in news for purchasing houses in Florida and North Carolina.
#3) Sean Combs aka Diddy
Net Worth: $550 million
Residence: New York City, NY
Perhaps the most celebrated musician in America, Sean Combs is known by his stage name ‘Diddy’ and he is the second Richest African American man. He started his career as a rapper and a recording producer. This third richest African American earns close to $50 million annually (estmd. by Forbes) thanks to his music revenues, clothing lines and other business ventures. He dropped-out of Howard University and started working at Uptown Record which is a record label for hip-Hop and R&B. His debut with ‘Can’t nobody Hold Me Down’ became a hit and topped the charts and launched him into the music industry. His net worth also makes him the richest hip-hop artist in the world and also in America.
#4) Robert Johnson
Net Worth: $550 Million
Source: Hotels, Automobiles and Ownership in Charlotte Bobcats
Residence: Washington, DC
DOB: April 8, 1946
First African-American billionaire ever to be listed on Forbes List, Robert Johnson founded the Black Entertainment Television (BET) which is a cable network based in Washington, DC targeting Black audiences in USA. He later sold BET to Viacom for $3 Billion in the year 2001. Viacom is a mass-media company with interests in cable and TV industry. With cash earned, this fourth wealthiest African-American began investing in Hotels and purchasing controlling-stakes in NBA teams. Robert Johnson also invested in restaurants, real estate, banks and recording studios.
#5) Tiger Woods – Fifth Wealthiest African American
Net Worth: $500 million
Source: Golf and endorsements
Residence: Jupiter Island, Florida
DOB: December 30, 1975
Once a child prodigy of Golf, Tiger Woods is the highest-paid athlete in the world for 2013 according to Forbes. Earning a whopping $65 million in endorsements and $13.1 million in salary/prize money, he also regained the number 1 Golf rankings. Tiger Woods was on track winning majors until 2009 when his infidelity scandal broke out and then he was subjected to intense tabloid scrutiny and public embarrassment. At one point of time in 2011, he slipped to world rank #58 in Golf. He lost sponsors like Accenture, Gillette and Gatorade during this time. With his regaining of top spot in world rankings, he has been interest of several new sponsors.
#6) Earvin Johnson Jr.
Net Worth: $500 million
Source: Endorsements and Royalties
Residence: Beverly Hills, California
DOB: August 14, 1959
Born in Lansing, Michigan, Earvin Johnson, also known as Magic Johnson, is a retired basketball player. After contracting HIV, he retired from basketball and started his new journey as an entrepreneur by launching Magic John Enterprises. His firm helped to launch well-known brands in lesser known areas of America. Johnson owned several Starbuck stores in urban areas of America in partnership with Starbucks. In 2010, he sold the partnership for $75 million. He also sold his stakes in in ‘The Lakers’ for reportedly $50-60 million to Patrick Soon-Shiong. With his current net worth, he is one of the richest black men in the world.
#7) Shawn Carter aka Jay-Z
Net Worth: $450 million
Shawn Carter, known more popularly by his stage name Jay-Z, is an African-American rapper, record producer and artist. He ha received seventeen Grammy Awards till date. He has sold approximately 50 million albums worldwide. He has close to 2.5 million followers on Twitter. Besides his music career, he is also an entrepreneur and hols stakes in several businesses in America. He holds stakes in New Jersey Nets, 40/40 Club chain, and in ad firm Translation. On our list of top 10 richest African Americans, he ranks seventh.
#8) William Henry Cosby – One of Richest African Americans
Net Worth: $450 million
DOB: July 12, 1937
More popularly known by his stage name Bill Cosby, he is a comedian, actor, author, television producer, educator, musician and activist. He started his own comedy show called ‘The Bill Cosby Show’ which was a hit in America. He also found a place in the book named ‘the 100 Greatest African American’. On this list of richest African Americans, he ranks #8.
#9) Sheila Johnson
Net Worth: $400 million
DOB: January 25, 1949
Co-founder of Black Entertainment television along with ex-husband Robert Johnson, Sheila Johnson has a net worth estimated to be around $400 million. She is the second richest African American woman after Oprah Winfrey. Among the top 10 richest African Americans, she ranks ninth.
#10) R. Donahue Peebles
Net Worth: $350 Million
Source: Real Estate
Residence: Coral Gables, Florida
DOB: March 2, 1960
Being 10th richest African American, Donahue Peebles is also an author and political activist in addition to being an entrepreneur. He runs company named ‘The Peebles Corporation’ which develops properties across America.