Through the years, we’ve seen some wonderful entrepreneurial journeys emerge. Man entrepreneurs who failed earlier than they succeeded are actually main profitable empires with their Black-owned companies, rising from humble beginnings to now empowering the black neighborhood. There have many trailblazers within the Black enterprise neighborhood, and their journeys are genuinely inspirational.
18 Most Profitable Black Entrepreneurs
We’re taking a look at only a few of probably the most profitable black entrepreneurs through the years and their thriving companies from historical past and up to date years. That is on no account an exhaustive record, however a small showcase of a number of the wonderful enterprise ventures created by black entrepreneurs and extra about their journey. Ensure to take a look at Black entrepreneur quotes for much more inspiration on entrepreneurship.
1. Sean Johnson Combs
Sean Johnson Combs, also referred to as P.Diddy and Puff Daddy, is likely one of the most profitable African People within the leisure trade. Following his music profession, Sean Johnson Combs can be the founding father of the file label Unhealthy Boy Leisure. Asides from operating his personal label, Combs additionally has investments within the meals and beverage industries.
2. Sheila Johnson
Sheila Johnson is a co-founder of the media empire Black Leisure Tv channel, alongside her husband, Robert Johnson. BET was the primary TV channel to air on a TV community focusing solely on Black leisure and continues to be a number one channel. She can be the founding father of Salamander Accommodations & Resorts, a enterprise capital agency, and is the primary African American lady to achieve a web price of $1 billion.
3. Michael Jordan
Michael Jordan isn’t simply the world’s most recognizable basketball participant, however he’s additionally a really profitable entrepreneur. He’s the world’s highest paid athlete and has been operating companies ranging from a younger age, together with the well-known Nike’s Air Jordan line. He additionally owns a minority stake within the Charlotte Hornets basketball staff.
4. Sarah Breedlove
Madam C.J Walker, born Sarah Breedlove, is likely one of the most profitable Black lady entrepreneurs in historical past and the primary self-made feminine millionaire in American historical past. Madam C.J Walker’s firm, Walker Manufacturing Firm, discovered its success by creating magnificence and hair merchandise for black girls and continues to function right this moment.
5. Jay-Z and Beyonce
Each Jay-Z and Beyonce run profitable black enterprises in their very own proper and as a pair. Jay-Z is a musician turned businessman and owns Roc Nation label, Roca Put on attire firm, Tidal streaming service, and his personal eating places. Alongside together with her profitable music profession, Beyonce is the founding father of the profitable gymnasium model and athleisure model Ivy Park. Their estimated web price is considered $1.9 billion.
6. Oprah Winfrey
Oprah Winfrey is likely one of the most profitable American girls in latest historical past. Beginning together with her personal present, her entrepreneurial journey has gone from profitable daytime tv discuss present to operating her personal model, Harpo Inc., a media conglomerate spanning tv and publishing. She can be a model ambassador for different firms.
8. John H. Johnson
John H. Johnson is the founding father of Johnson Publishing Firm, which is the corporate behind famed Black publications corresponding to Ebony and JET. John H. Johnson was one of many first African American entrepreneurs to seek out success within the publishing subject.
9. Aliko Dangote
Nigerian enterprise magnate Aliko Dangote is considered among the many high richest Black entrepreneurs. He’s the chairman and CEO of the Dangote Group, which operates in industries together with sugar, freight, meals processing, cement manufacturing, and different areas. Dangote Teams’ annual income is estimated to be $4.1 billion.
10. George Foreman
George Foreman isn’t simply identified for his esteemed boxing profession but in addition for his entrepreneurship. Whereas he was well-known within the sport professionally, he additionally invented the George Foreman grill, which made cooking on grills sooner, simpler, and more healthy. He’s additionally a motivational speaker alongside his enterprise actions.
11. Janice Bryant Howroyd
Janice Bryant Howroyd is likely one of the trailblazers for black girls entrepreneurs, beginning with a small enterprise, employment company ActOne that grew to become a nationwide large. She is the primary African American lady to construct and personal a billion greenback non-public firm.
12. Tyra Banks
Tyra Banks is understood for her iconic modeling profession, however her profession has additionally spanned many enterprise ventures. She is presently the CEO of her manufacturing firm Bankable Productions, which was behind high TV exhibits corresponding to America’s Subsequent High Mannequin and The Tyra Banks Present. Tyra Banks has additionally launched books, a make-up line, and different companies.
13. Kenneth Frazier
Kenneth Frazier is the chief chairman and former CEO of pharmaceutical large Merck & Co. He joined Merck as Common Counsel, main the corporate’s protection in high-profile litigation fits earlier than taking up the CEO position. He retired from the CEO place in 2021 however stays govt chairman of Merck.
14. Rihanna
Rihanna is likely one of the more moderen younger Black entrepreneurs, going from music to a multimillion greenback magnificence line, Fenty Magnificence and lingerie trend line, Fenty X Savage. Her model Fenty Magnificence was acquired by luxurious magnificence large LVMH, however Rihanna stays CEO of each manufacturers. Her web price is estimated to be $1.7 billion.
15. Cathy Hughes
Cathy Hughes is the founding father of RadioOne, a media firm, after buying a radio station in 1979. RadioOne went public in 1999, making Cathy Hughes the primary African American lady to steer a publicly traded company.
16. Shonda Rhimes
Shonda Rhimes is a tv producer, screenwriter, and creator behind many common TV exhibits, together with Grey’s Anatomy, Scandal, How To Get Away With Homicide, and extra. She heads her personal manufacturing firm, ShondaLand, and is presently engaged in a multimillion-dollar manufacturing cope with Netflix.
17. Daymond John
Daymond John is behind the style attire model FUBU, which stands for For Us By Us, which he began at an early age. He’s additionally identified for his position on the favored TV present Shark Tank as one of many buyers throughout the Shark group. FUBU has expanded into different areas and is presently concerned in supporting black enterprise the place potential.
18. Chris Gardner
Chris Gardner is a businessman and motivational speaker. Gardner struggled with homelessness throughout his early profession however ultimately grew to become a stockbroker and based his personal agency in 1987. After ultimately promoting his minority stake, he wrote a memoir, which became a film, The Pursuit of Happyness, the place he was performed by Will Smith.
Who’s probably the most well-known black entrepreneur?
Probably the most well-known black entrepreneur is Oprah Winfrey, who has been a family identify for many years since her daytime discuss present debuted. Oprah now runs her personal media firm, Harpo Inc.
Who’s the richest black entrepreneur?
The richest black entrepreneur is Nigerian businessman Aliko Dangote. He has a web price of 14.1 billion USD.
What’s the largest black owned enterprise within the US?
There are numerous contenders for the most important black owned enterprise within the US, however one of many high ones can be staffing company ActOne Group, run by Janice Bryant Howroyd with over 2 million {dollars} in income and greater than 2000 staff.
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