Latest Forbes richest list shows Black billionaires remain a rare club
Forbes latest list of the world’s richest people includes seven titans of finance, media and fashion who make up an even rarer club: African American billionaires.
They include Robert F. Smith, whose $6 billion fortune made in private equity makes him the 451st wealthiest person in the world, media moguls Oprah Winfrey and Tyler Perry as well as rap icons and businessmen Jay Z and Kanye West.
Amazon CEO Jeff Bezos retains the top spot on the Forbes list with a net worth of $177 billion, up $64 billion from a year ago as a result of soaring Amazon shares.
Black billionaires include Robert F. Smith, whose $6 billion fortune made in private equity makes him the 451st wealthiest person in the world, media moguls Oprah Winfrey and Tyler Perry as well as rap icons and businessmen Jay Z, pictured above, and Kanye West. (Photo: Greg Allen, Invision/AP)
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But while their success looms large, the small number of African Americans among the 2,755 members of the global billionaire’s club also highlights a racial wealth gap that can have significant consequences for those with far fewer resources–from the ability to buy a home to being able to go to college without becoming mired in debt.
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Here are the richest African Americans and where they rank on the list of the world’s billionaires.
Robert F. Smith
Net Worth: $6 billion
Business: Private equity, finance, investments
Global Ranking: 451
Net worth: $3.7 billion
Business: IT provider
Global Ranking: 807
Net worth: $2.7 billion
Business: media and entertainment
Global Ranking: 1,174
Net Worth: $1.8 billion
Business: Music, Yeezy sneakers, fashion, retail
Global Ranking: 1,750
Net Worth: $1.6 billion
Business: Charlotte Hornets, endorsements
Global ranking: 1,931
Net Worth: $1.4 billion
Business: Media, entertainment
Global Ranking: 2,141
Net Worth: $1.0 billion
Business: Movies, television, entertainment
Global Ranking: 2,674
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