Forbes released its annual list of the world’s billionaires, and Black Excellence dominated the list of the top 14 celebrities who made the list.
Michael Jordan, Oprah Winfrey and Jay-Z helped close the five biggest celebrity billionaires and the NBA legend finished third with a net price of $3.1 billion, behind Steven Spielberg ($4.8 billion) and George Lucas ($5.5 billion). Jordan earned a coveted spot on the list, securing $1.8 billion through partnerships with brands corresponding to his infamous Jordan brand under Nike. On the sports front, his time as owner of the NBA’s Charlotte Hornets netted him $3 billion when he sold the team in August 2023 after purchasing the franchise for $175 million in 2010.
Just behind Jordan was media mogul Winfrey with a net price of $2.8 billion, mostly acquired through real estate and her own production company, while Jay-Z got here in fifth with a net price of $2.5 billion. The hip-hop mogul has made billions through shrewd business moves, including selling a 50% stake in his Armand de Brignac champagne brand to luxury goods giant LVMH in 2021 for no less than $300 million and a majority stake in his D’ Usse cognac label in 2023 for a reported $750 million for Bacardi. Jay-Z also owns shares in successful corporations corresponding to Uber and Block.
Filmmaker and fellow media mogul Tyler Perry secured a spot in the top 10 due to his $1.4 billion valuation, which equaled that of pop star and entrepreneur Rihanna. Perry’s billions were amassed from his film and television activities, including creating and starring in several television shows, movies and plays. Meanwhile, it’s no secret how much Rihanna’s net price has skyrocketed since founding Fenty Beauty, which she owns with luxury goods giant LVMH and lingerie company Savage X Fenty.
Tiger Woods, price $1.3 billion, closed the list of the top 10 celebrity billionaires in tenth place. His earnings come in mainly from earnings and profession recommendations. Woods’ contract with Nike expired in January, and Woods has since began his own clothing company, Sun Day Red.
NBA star LeBron James was just behind Woods with a net price of $1.2 billion, earned due to the $1 billion he earned inside and outside the league over his 20-year profession. In addition to the thousands and thousands he earns in the NBA, James has made clever investments in real estate, grocery chains corresponding to Blaze Pizza, his media company SpringHill, and ownership interests in sports teams corresponding to Fenway Sports Group, MLB’s Boston Red Sox, the Football Club Liverpool and the Pittsburgh Penguins of the NHL.
NBA alumnus and entrepreneur Magic Johnson tied James with a net price of $1.2 billion, rating him twelfth. After gaining fame and fortune playing for James’ current team, the Los Angeles Lakers, in the Nineteen Eighties and Nineties, Johnson stabilized his fortune through business. With most of his fortune derived from his stake in EquiTrust, an Iowa-based life insurance company, Johnson also has stakes in sports teams, including the NFL’s Washington Commanders (with Justin Harris), MLB’s Los Angeles Dodgers (with with Todd Boehly), the WNBA’s Los Angeles Sparks and MLS’s LAFC.
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