Black people 0.5 percent of world’s billionaires!

6 years ago by

Aliko Dangote is the richest black person worth $16.1 biilion US Seven is a significant number in many religions and cultures around the world. Jesus had his 7 disciples and then there are the 7 deadly sins. When comes to billionaires though, the number 7 is amount of black billionaires in the world and that’s kind of good but mostly bad. According to Forbes magazine

Category: business

The three female black billionaires

6 years ago by

First there was one, Oprah Winfrey. For a long time the only female, black billionaire in the whole world. More precisely, Lady O was actually one of the first acknowledged black billionaires alive. Today, the brilliant Ms Winfrey is America’s only black billionaire. A shameful proof of the country’s lingering baggage it’s long abolished black slavery (this is the country with 13% black unemployment versus

Category: business

The top 10 richest black men in the world.

5 years ago by

There are more black billionaires in Africa than anywhere else on the planet; in fact the richest man on our inaugural list is Mohammed Al Amoudi from Ethiopia. With an estimated net worth at $10.4 billion US dollars, Mohammed Al Amoudi’s fortune  is approximately $8.2 billion US greater than the next man black man our list, South Africa’s Patrice Motsepe. Forbes magazine and others, estimate

Category: business

Folorunsho Alakija not included in Forbes’ richest

6 years ago by

Forbes magazine released its list of the richest people in the world, March 4th. To be on the list individuals had to have a minimum networth of $1 billion US or more. At the Billion is where a lot of super rich folks fell off this year’s chart, including Jamaican born Michael Lee Chin whose wealth plummeted beneath the magic number. The most disappointing exclusion

Category: business

Is Janet Jackson a Billionaire?

6 years ago by

Personal net worth: $250-$300 million Marital status: Married Profession: Singer Ok so we’re not too sure if Janet’s really a billionaire yet, this article as of now is just speculative. Many sources estimate the singer’s wealth anywhere between $250 to $300 million – this much we know. However since Janet’s most recent marriage to billionaire business man Wissam Al Mana, whose net worth is estimated

Category: entertainment

Wealthy black people should invest in black movies

6 years ago by

Scene from the 2012 Oscar nominated movie Beast of the Southern wild. Black millionaires and billionaires should invest more aggressively into minority movies. Getting funds for socially conscious, independent films, featuring people from the black diasporas is phenomenally hard. Hollywood studios have no problems investing in comedies or dramas with major stars like Eddie Murphy or Denzel Washington. In the meantime, other wonderful film ideas

Category: movies

Why only one black billionaire in America

6 years ago by

The American economy is still the biggest in the world, by a wide margin from its next competitor, China. The average yearly GDP (gross domestic product) is 14.5 trillion US dollars. To put that in perspective its next closest rivals put together don’t come close in wealth. The US have the most billionaires and millionaires in the world and since President Obama took office those

Category: business

Black people missed biggest stocks gains in history

6 years ago by

President Obama’s minting more millionaires and billionaires than any US leader in recent memory. Since the record fall of the financial markets under George W. Bush – which also continued for a few months into Obama’s first term – the rich got richer. Most gains from investments are taxed at a precipitously smaller rate than the incomes of America’s working class. On the other side

Category: business

Forbes Magazine disrespects Angolan billionaire

6 years ago by

The world’s newest billionaire gets no love from Forbes magazine. In an article titled, “Isabel Dos Santos, Daughter Of Angola’s President, Is Africa’s First Woman Billionaire” – Forbes formally introduced us to, Isabel Dos Santos from Angola. Forbes, the foremost authority on wealth, albeit personal or commercial – thoroughly vetted Santos in their story. The writer, Kerry A. Dolan gave detailed accounts of Santos’ public

Category: business

Hottest billionaire in the world

6 years ago by

Isabel Dos Santos is the sexiest billionaire in the world. Let’s face it, most billionaires look like the nerd king, Bill Gates. Then there’s President Obama’s friend, the totally unsexy, hairy, Warren Buffet. When the world got its first look at a – true – pretty billionaire, we all rejoiced. It is possible; becoming a self made gazzillionaire, while being drop dead gorgeous. A sexable

Category: business

Billionaire Oprah and Tyler Perry joining forces

6 years ago by

Self made billionaires Oprah Winfrey and entertainment mogul Tyler Perry are joining forces, in creativity and business. The two friends and creative geniuses will be working closely at Oprah’s Own Entertainment. Since launching Own – only the second consequential television network created by an African American – she’s experienced many growing pains. Oprah herself has stated many times that she’d underestimated the true hard work

Category: entertainment

Meet Patrice Motsepe, South Africa’s mining titan

8 years ago by

Patrice Motsepe has steadily amassed a truly huge fortune by sheer determination, hard work and some luck.  Mr. Motsepe is a beacon in South Africa, though he will not court that distinction, fact is, a multi-billionaire hailing from Soweto just is.  A lawyer by training, he became the first black partner at Bowman Gilfillan law firm, a predominantly white institution in Johannesburg. Mining was and

Category: business