Richest Black People In The United States

Hello everyone, on this page we will list the richest and wealthiest black people in the United States. Some of these people somehow continue to gain more money and assets despite the United States economy still having it’s ups and downs and for that we have to nod our heads give them our respect. Either way, I hope you will enjoy this list which is updated as of February 2024. Whether it motivates you or makes you question some things, that is up to you. You can always leave a comment below or contact us if you think we should add or remove certain information on this page.

Below we will list the wealthiest African Americans people in America according to their Net worth. We decided to list their Net worth in United Dollars so that it can be a easier for those of you who are comparing the list with people from other countries. Net worth is the value of all the non-financial and financial assets owned by an individual minus the value of all his/her outstanding liabilities.

An individual’s Net worth refers to an individual’s net economic position, the value of the individual’s assets minus liabilities.

Examples of assets someone would factor into their net worth include retirement accounts, other investments, home(s), and vehicles. Liabilities include secured debt, such as a home mortgage and unsecured debt, such as personal loans or consumer debts.

Wealthiest Black People in US by order

1. David Steward
   • Net Worth (2024): $12.5 billion
   • Origin of Wealth: Information technology, with his wealth generated as the founder of World Wide Technology, a leading provider in the IT sector.
   • Date of Birth: July 2, 1951
   • David Steward, at 72, has made a substantial impact through World Wide Technology, showcasing his achievements and influence in the technology service industry. His global wealth rank reflects his success and contributions to the IT field.
   • View his full biography, his inspiring quotes, photos & videos.
2. Robert F. Smith
   • Net Worth (2024): $10.8 billion
   • Origin of Wealth: Private equity, specifically through Vista Equity Partners, focusing on software companies.
   • Date of Birth: December 1, 1962
   • Robert F. Smith stands as a significant figure in the financial world, with his wealth primarily derived from his role as the founder and CEO of Vista Equity Partners. His contributions to technology and philanthropy, alongside his position in global wealth rankings, underscore his influential presence in the private equity sector.
   • View his full biography, his inspiring quotes, photos & videos.
3. Alexander Karp
   • Net Worth (2024): $4.5 billion
   • Origin of Wealth: Software, specifically through Palantir Technologies, focusing on big data analytics.
   • Date of Birth: October 2, 1967
   • As co-founder and CEO of Palantir Technologies, Alexander Karp has made significant contributions to the software industry, with his wealth reflecting the growing importance of technology and data analysis in today’s economy.
4. Michael Jordan
   • Net Worth (2024): $3.5 billion
   • Origin of Wealth: Basketball and endorsements, including ownership of the Charlotte Hornets and deals with brands like Nike.
   • Date of Birth: February 17, 1963
   • Michael Jordan, a basketball legend, has effectively translated his sports prowess into a thriving business empire, encompassing sports team ownership and brand endorsements. His enduring impact on both sports and business is evident in his global wealth rank.
5. Oprah Winfrey
   • Net Worth (2024): $3 billion
   • Origin of Wealth: Media, including her talk show, network OWN, and various media and publishing endeavors.
   • Date of Birth: January 29, 1954
   • Oprah Winfrey, a media mogul, continues to wield significant influence in the entertainment industry through her diverse ventures. Her success story extends beyond television to include philanthropy and business, highlighting her role as a key figure in media and philanthropy.
6. Jay-Z
   • Net Worth (2024): $2.5 billion
   • Origin of Wealth: Music, entertainment, and diversified investments across clothing lines, a music streaming service, and alcohol brands.
   • Date of Birth: December 4, 1969
   • Jay-Z (Sean Carter) has not only dominated the music industry but also excelled as an entrepreneur, with his wealth portfolio showcasing his expertise in both entertainment and business. His global wealth rank demonstrates his multifaceted success.
7. Rihanna
   • Net Worth (2024): $1.5 billion
   • Origin of Wealth: Music, beauty, and fashion industries, notably through her music career, Fenty Beauty, and Savage X Fenty lingerie line.
   • Date of Birth: February 20, 1988
   • Rihanna has made a profound impact across music, beauty, and fashion, leveraging her celebrity status to build successful brands that resonate with a global audience. Her ventures into Fenty Beauty and Savage X Fenty showcase her innovative approach to inclusivity and diversity, marking her as a leading figure in both entertainment and business sectors.
8. Tope Awotona
   • Net Worth (2024): $1.4 billion
   • Origin of Wealth: Software, through his company Calendly, a scheduling software platform.
   • Date of Birth: January 01, 1981
   • Tope Awotona’s journey from Nigeria to becoming a tech entrepreneur in America epitomizes innovation and resilience. His success with Calendly highlights the potential for impactful technology solutions in the global business landscape.
9. LeBron James
   • Net Worth (2024): $1.3 billion
   • Origin of Wealth: Basketball and endorsements, with a strong presence both on and off the court through various business ventures and media productions.
   • Date of Birth: December 30, 1984
   • LeBron James’s influence extends beyond basketball, with his business acumen and strategic partnerships solidifying his status as a global sports icon and entrepreneur.
10. Tiger Woods
    • Net Worth (2024): $1.2 billion
    • Origin of Wealth: Golf and endorsements, with significant earnings from his career as a professional golfer and deals with major brands.
    • Date of Birth: December 30, 1975
    • Tiger Woods has transcended the world of golf, becoming a sports icon with a brand that extends into various successful business ventures and endorsements.
11. Magic Johnson
    • Net Worth (2024): $1.2 billion
    • Origin of Wealth: Business ventures including Magic Johnson Enterprises, investments in sports teams (Los Angeles Lakers), Starbucks franchises, and movie theaters.
    • Date of Birth: August 14, 1959
    • Magic Johnson has significantly impacted the sports and business world through his investments and entrepreneurial ventures. Transitioning from a legendary basketball career to a successful businessman, Johnson’s influence extends beyond the court, with his wealth and business acumen contributing to his global recognition and achievements in various industries.
12. Tyler Perry
    • Net Worth (2024): $1.1 billion
    • Origin of Wealth: Movies and television, with his success as a filmmaker and owner of Tyler Perry Studios.
    • Date of Birth: September 13, 1969
    • Tyler Perry’s journey to becoming a billionaire through his work in entertainment reflects his significant impact on the film and television industry, with his global wealth rank underscoring his achievements and influence.
13. Beyonce Knowles-Carter
    • Net Worth (2024): $850 million
    • Origin of Wealth: Music, fashion, and entertainment industries, including her successful music career, fashion line Ivy Park, and significant investments in streaming service Tidal.
    • Date of Birth: September 4, 1981
    • Beyoncé has become a global icon, not just through her music but also through her savvy business investments and entrepreneurship. Her influence extends beyond the entertainment industry into fashion and business, making her one of the most recognized and influential female artists and entrepreneurs of her generation.
14. Byron Allen
    • Net Worth (2024): $800 million
    • Origin of Wealth: Television production, distribution, and broadcasting, founder of Entertainment Studios.
    • Date of Birth: April 22, 1961
    • Byron Allen has made a significant impact in the media and entertainment industry through his company, Entertainment Studios, which produces and distributes TV shows and has stakes in various television channels. His entrepreneurial journey from comedian to media mogul showcases his versatility and influence in shaping the entertainment landscape.
15. Sean Combs
    • Net Worth (2024): $800 million [ Massive downgrade after his legal troubles ]
    • Origin of Wealth: Music, fashion, and entertainment industries, including his successful music career, fashion line Sean John, and significant investments in spirits (Ciroc vodka) and media (Revolt TV).
    • Date of Birth: November 4, 1969
    • Sean Combs, also known as P. Diddy, has established himself as a multifaceted mogul in the music, fashion, and business worlds. His entrepreneurial spirit and business acumen have made him one of the most influential figures in entertainment, extending his influence well beyond music to fashion and media.

You can also check out our list of the richest people in Africa and richest black people in the UK.