Black History NOW Celebrates the paths paved by those who broke the mold in areas of film, sports, science, art and business. The heroes of today stand on the shoulders of giants, looking ahead and creating even more opportunities for African-Americans to thrive in spaces that were historically denied to our people.
Today, we celebrate the once and future moguls: Business-minded individuals who turned a few dollars into millions.
1. Janice Bryant HowroydSource:General
Janice Bryant Howroyd’s firm, the ActOne Group, was the first Black female-led company to bring in more than $1 billion in annual revenue. The business mogul is currently one of the most successful businesspeople—of any race or gender—in The United States.
2. Madam C.J. WalkerSource:General
Madam C.J. Walker was an African American entrepreneur, philanthropist, and political and social activist. She is recorded as the first female self-made millionaire in America in the Guinness Book of World Records.
3. Daymond JohnSource:Radio One
Daymond Garfield John is an American businessman, investor, and television personality. He is best known as the founder, president, and chief executive officer of FUBU, and appears as an investor on the ABC reality television series Shark Tank. Based in New York City, John is the founder of The Shark Group.
4. Oprah WinfreySource:Radio One
Oprah Winfrey around $315 million per year thanks to her diversified media empire. “The Oprah Winfrey Show,” which debuted in 1986 and made her one of the most recognizable people in the world. After signing a contract that paid her $1 million per year in her early years, Oprah eventually struck out on her own and founded Harpo, Inc. Media, which operated Harpo Productions and Harpo Studios. From there, she began producing her show and sold it back to distributors.
Jay-Z is one of the richest entertainers alive, not bad for a guy straight out of Brooklyn’s Marcy Houses projects. Though the rap life brought its fair share of dollars, Jay’s massive wealth can mostly be credited to savvy investments and partnerships that resulted in the mogul hitting a net worth of over $1 BILLION.