A list of the world's 22 Black billionaires is going viral :eyesemoji:
LeBron, Rihanna, Jay Z, etc don’t have money like their “net worths” suggest. Those athlete and celebrity net worths estimates derive from valuing their endorsements and partnerships and putting a valuation on that. They aren’t like the vast majority of billionaires who have ownership stakes in multi-billion dollar assets (eg shares in company they founded, sports franchise, etc) that they can sell or borrow against. For example assuming Rihanna’s deal with LVMH for Fenty compensates her similar to Jordan’s royalties from Nike or Kanye’s Adidas deal, she probably makes $25-30 million per year (5% royalty on Fenty’s $600 million in revenue). After taxes, agents, managers, lawyers, accountants, etc that’s closer to $12-15 million. Still a lot, but that’s not really a billionaire.
BmoreGorilla
Veteran
I’m surprised to see Tiger on that list
fukk that quota billionaireI was like where the fukk is Dangote?Then I see him hidden at the corner with his 23 B
He's worth 16 of those billionaires on the list combined.
Tiger has been making $50-100 million for 20+ years and he’s notoriously stingy. Tiger, Dr. Dre and Jordan’s net worths are the most believable among athletes and celebrities.
I think they be trying to get her in jail, so she will never be in these type of lists
BmoreGorilla
Veteran
If you say so. Dude fell off from golf over a decade ago and I’m sure his ex wife caked off from the divorce. Does he still have a bunch of endorsements?
I'm glad they didn't mention me, I don't like lists all like that anyway
9 certs
9 figures
9 dimes
9 series
blues_funk_reggae
Veteran
Why they used a Coli smilie for MJ 
That’s not true
The top three ADOS are tech/finance bros tho.
A lot. But you'd need to look them up individually . I feel for a lot of them because they are boxed in in what they can do, without kicking the hornet's nest of WS. Just look at the legal case
For example, i was watching a news feed the other day about how Mo Ibrahim started a black equivalent to chattam house or Federalist society. His idea was to replicate how white leaders can finish a tenure and have their support of pro-white interests during office rewarded by joining a think tank or interest group that supports them when out of office, and into old age.
Ibrahim is using it as a tool to shape responsible, noncorrupt politicians in the continent. The initial award for a fellow of his organization is structured like the nobel prize where former presidents, dignitaries, ministers, etc get a million dollars at the end of their tenure and a paid position where they will extoll the values of human rights, democracy, and good governance . The idea here, is that the political class is less likely to behave irresponsiblly if they know they will be rewarded after their tenure for doing the right thing in office .
But this is just one example. The other billionaires do give back such as R Smith giving to hbcu students or Magic Johnson giving back to his original neighborhood like LeBron. The various African billionaires give back to their home regions within their countries too.
While they are mostly entertainers. That's kind of a misnomer. that's not how they earned their fortune. just how they got the opportunity to earn the fortune.
Rihanna's fortune came from cosmetics not music.
Magic Johnson made most of his fortune off real estate and investments.
Etc etc. We are getting money from other areas, but generally need the initial investment from entertainment avenues.
Elim Garak
Veteran
I'm confused by this question. Why wouldn't Magic still have it like that?