It was never easy for black men and women since the early days of slavery, racism, and also colonialism. They are thriving in every industry in our society, whether it is in technology, business, investment, or entertainment. So there is no question that they are among the wealthiest people in the world.
There are a lot more black billionaires in the world than ever before. But today, we are talking about who the richest black man in America is. So, let’s get on with it.
Who Is The Richest Black Man In America?
The answer to this question depends on the annual net worth of the people on this list. So, to get back to the question of who the richest black man in America is right now, the answer is Robert F. Smith.
He is an American investor and billionaire businessman. He is the CEO, Chairman, and Founder of Vista Equity Partners, a multi-million dollar private equity firm that is among the most successful in the country.
Smith belonged to a mediocre middle-class family from Denver, Colorado. When he was in high school, he applied for an internship at Bell Labs, but that internship was only eligible for college students. But he got the position when a college student didn’t show up.
Afterwards, he completed his bachelor’s from Cornell in Chemical Engineering and his Master’s from Columbia University in Business Administration. At present, his annual net worth is $9.2 billion.
Who are the Richest Black Men In America Today?
When we are talking about the richest black men in America, it is obvious that there is more than one richest black man today in America.
1. Robert F. Smith
Net Worth: $9.2 billion
As I have already mentioned, Robert F. Smith is the richest black man in America right now. His private equity firm is among the best-performing firms in the world, with $9.2 billion in total assets.
Mr. Smith, being a philanthropist, promised to pay the student loans of all the students of Morehouse College, the batch of 2019, during his commencement speech.
2. David Steward
Net Worth: $5.8 billion
If you ask me who the second richest black man in America is, then the answer is David Steward. He is the chairman and founder of a multi-billion dollar IT company, World Wide Technology. They have high-profile clients such as Citi and Verizon.
3. Kanye West
Net Worth: $2 billion
Kanye Ye West went from being a hip-hop artist to a fashion mogul with a billion-dollar fashion brand, Yeezy. He has signed a deal with Adidas to design Yeezy shoes for multiple years.
In addition, he has an exclusive deal with the fashion retail brand Gap to design Yeezy clothes for them. Yeezy generated revenue of $2 billion in 2020.
4. Michael Jordan
Net Worth: $1.7 billion
Michael Jordan was a star basketball player who, during his peak career years, earned a salary of $90 million. However, according to Forbes, he earned about $1.8 billion before taxes. He even has the most high-profile endorsements with brands like Nike, Gatorade, and Hanes.
After his retirement, Jordan became the proud owner of the Charlotte Hornets, a North Carolina-based NBA team, and also the co-owner of a NASCAR team.
5. Jay-Z
Net Worth: $1.3 billion
Hip Hop’s first billionaire and the founder of Rock Nation, an entertainment company, Jay-Z, is one hell of a shrewd businessman. Other than having his own entertainment company, he owns quite a lot of stocks in different liquor companies like D’Usse cognac and Armand de Brignac.
Jay-Z sold a majority of stocks of Tidal, a high-fidelity music streaming platform, and earned $297 million.
6. Tyler Perry
Net Worth: $1 billion
Tyler Perry is the jack of all trades. He is an actor, director, producer, and even writer. With his hit film series “Madea,” he earned more than $660 million.
He began his career in theatre; then, in the mid-90s, he moved towards television; in the early 2000s, he came to cinema.
In 2019, he started his entertainment studio, the Tyler Perry Studios, which has a 330-acre land in Atlanta.
7. Tiger Woods
Net Worth: $1 billion
The greatest pro golfer, Tiger Woods, won prize money of $121 million alone, more than anyone in golf history. Yet it is ironic that only a fraction of his earnings actually come from golf.
His major income source is from brand deals such as Gatorade, Nike, Monster Energy, and Rolex.
8. LeBron James
Net Worth: $1 billion
This NBA All-Star player is an active player who has become a billionaire. He has played for teams like the Cavaliers, the Miami Heat, and the Los Angeles Lakers. His salary is $385 million, but his major earnings are from off the court; through endorsement deals, he makes over $900 million.
He has major brand deals with brands like Walmart, PepsiCo, and Nike.
Wrapping Up!
Now that you know the answer to your question, who is the richest black man in America? What do you think? Do you agree with our list? If I have missed someone out, do let me know.
Hopefully, this article was helpful for you in one way or another, do comment down below if I missed out on someone.
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