The Black Billionaires: How Oprah, Michael Jordan, Jay-Z, Tiger Woods, and Others Are Redefining Black Wealth

By Darryl Henderson

Are you someone who looks to famous black personalities for inspiration?

 

Would you like to have the wealth and status of people like Oprah Winfrey or Tiger Woods?

 

Do you want to know their secrets of how they got to where they are?

 

Wealthy black people exist and they are becoming more numerous all the time as many follow the examples of trailblazers in the world of show business, music and sport. While opportunities for black people may still be less than their white counterparts, there are unique paths to success that many have forged and this is an irresistible and upward trend.

 

This book, The Black Billionaires: How Oprah, Michael Jordan, Jay-Z, Tiger Woods and Others are Redefining Black Wealth, examines some of the most famous black people of recent years and how they found their own way to making millions, with chapters about:

 

• The black billionaires of modern times
• The story of Oprah Winfrey
• How Michael Jordan found success
• How Kanye West made his fortune
• Jay-Z and his billionaire status
• Some lesser known figures
• Lessons to learn for your own success
• How you can start to think like a billionaire
• And more…

 

 

 

 

 

 

• Language: English
• Publisher: MG Publishing
• Release date: Dec 19, 2020
• ISBN: 9781393541509

Book preview

The Black Billionaires

How Oprah, Michael Jordan, Jay-Z, Tiger Woods, and Others Are Redefining Black Wealth

Darryl Henderson

© Copyright 2020 - All rights reserved.

The content contained within this book may not be reproduced, duplicated or transmitted without direct written permission from the author or the publisher.

Under no circumstances will any blame or legal responsibility be held against the publisher, or author, for any damages, reparation, or monetary loss due to the information contained within this book, either directly or indirectly.

Legal Notice:

This book is copyright protected. It is only for personal use. You cannot amend, distribute, sell, use, quote or paraphrase any part, or the content within this book, without the consent of the author or publisher.

Disclaimer Notice:

Please note the information contained within this document is for educational and entertainment purposes only. All effort has been executed to present accurate, up to date, reliable, complete information. No warranties of any kind are declared or implied. Readers acknowledge that the author is not engaged in the rendering of legal, financial, medical or professional advice. The content within this book has been derived from various sources. Please consult a licensed professional before attempting any techniques outlined in this book.

By reading this document, the reader agrees that under no circumstances is the author responsible for any losses, direct or indirect, that are incurred as a result of the use of the information contained within this document, including, but not limited to, errors, omissions, or inaccuracies.

Table of Contents

Introduction

Who Should Read This?

Before We Start...

Chapter 1: Black Billionaires - They Exist!

From the Dark Pages of History

The Man Who Dreamed

Other Inspiring Figures

The Billionaires Who Emerged

Chapter 2: Who is Oprah Winfrey?

Unfolding the Past

Philanthropy and More

Chapter 3: The Story of Michael Jordan

He Believed - He Achieved

Academic Career

From Rookie to Legend

Life off the Court

Charitable Causes

The Big Takeaway

Chapter 4: The Master of Golf - Tiger Woods

From Eldrick to Tiger

Personal and Professional Problems

Reclaiming the Hill

His Fortune

Chapter 5: Kanye West - The Chaotic Creative

From the Top

Yeezy

The R-Rated Album

But Wait, There’s More!

How Kanye Made His Money

Chapter 6: Tyler Perry - Movie Maverick

Who is Tyler?

The Changing Tides

Madea is Born

Staying Active

Chapter 7: Jay-Z - The Man Who Made It

Shawn Carter Becomes Jay-Z

Back to the Top

Investments

Ventures Outside Music

How Jay-Z Became a Billionaire

Chapter 8: The List Goes On

Aliko Dangote

Mike Adenuga

Robert F. Smith

David L. Steward

Mohammad Al Amoudi

Chapter 9: The Lessons to Learn

Billionaire Traits

Following Other Success Stories

Chapter 10: The Final Piece of Puzzle

Let the Universe Pay You Back

Manage Stress the Right Way

Meditation

Other Ways to Reduce Stress

Think Like a Billionaire

Conclusion

Introduction

The famed billionaire’s club—a dream aspired by most, and only realized by a few fortunate souls. Making a million dollars is hard, so reaching for that billion can be considered virtually impossible. I say virtually, for anyone who has set their eye on the target, and has the determination, will, and knowledge to make it happen, stands a chance of breaking the billion-dollar barrier.

When we talk about millionaires, they come and go. When it comes to making billions, the US has only seen 614 so far (Rogers, 2020) which can seem a staggeringly low number considering the population. What is even more concerning is the fact that out of these 614 names who have made their empires, only seven are black. That is barely north of one percent. This figure goes to show the growing wealth gap between black and white Americans, and it continues to increase every day.

Luckily, it takes just one to break the norm and allow others to make their way into the group. It is a similar story that is observed in literally all walks of life. There were times when anyone who wasn’t white was treated harshly and was given a much lower social status and severely underpaid, if paid at all. As time goes on, things are changing for the better, albeit at a snail's pace.

The disparity between white and black Americans is still glaringly obvious. Significantly, a white person has more chances of accumulating wealth than a black person. The good news comes in the fact that since seven of them already exist as a reminder that there is always a chance to add a few more to the list.

I am not suggesting, nor guaranteeing that you will become the next black billionaire, and that is not the purpose of the book. What I am trying to do is spread knowledge on how these seven people have gone on to shape the landscape of the renowned billionaire’s club.

This book will take you on an inspirational journey, one that looks into the deep and dark stories that are not widely discussed, but should be. To us, Oprah Winfrey seems to live a luxurious life, but there is a story behind her fame that you should know before passing judgment. It is through stories like this do we learn that self-made billionaires started out just like you and me. They went through so much in life, but unlike so many of us, they held onto their dreams, remained focused and true to their goals, and never gave up.

Through their stories, we learn how they continue to redefine black wealth and make more out of their billions. One would consider that having a billion dollars is enough to retire for life, but to them, that is never the case. They know how to make money using money, without compromising on their lifestyles, moral and ethical values, and by remaining true to their nature.

This book comprises stories of not just the seven black billionaires within the US, but it goes beyond the borders and explores the magnificent stories of other black billionaires from all around the world.

The first part will serve as a biography for each of these individuals. The rest will focus on the lessons we can learn from these larger-than-life personalities. I want to provide you with the tips, tricks, and strategies you would need to walk the path of these billionaires, if you so wish.

Who Should Read This?

This book provides valuable insight into the lives, struggles, achievements, and wealth-generating strategies of black billionaires. It may be wrong to imply that this book is specifically meant for the black community. With that said, it is written in a way that is inclined to highlight specific success achieved by members of this community, as will be evident through figures provided in the later chapters.

This is ideally meant for working professionals or anyone looking for direction in their career. The sooner you start on your journey to morph how you act, think, and manage your career, the more profound the results will be. It is never too late for those further in their career or life. There are a great many examples of those who have gone on to become billionaires within a decade; all it takes is proper knowledge and the courage to tread in unfamiliar territory.

The strategies, tips, lessons, and suggestions provided in this book are not just opinions. They are findings based on fact, and are not the only options available for you to pursue. Some of these may be profitable to you, but some may not work well with your options or lifestyle. I will ensure to highlight such aspects, and where possible, I will try to provide you with helpful alternatives.

A large part of this process relies on the fact that you are here to learn all you can about wealth, and how these public figures went on to earn theirs. Without interest, this knowledge may not provide the desired results. Many variables exist in life, and they will continue to pop-up and change, making it difficult to predict whether you will end up a success story. It is simply up to you to take control.

Everything within this book is achievable, and has been achieved by those before you. You may not end up a billionaire, but by following certain strategies, modifying these to your own needs, you may become your own success story. Making money is not the hard part, the real challenge lies ahead.

Before We Start...

This book, in no way, provides finance or investment advice. It only highlights the strategies that have been used by affluent black men and women to make their fortune. This means that some of the information you find here may not work for you.

I have helped many to learn fruitful ways to make a decent living, and this sometimes required investments and risk. In any case, however, I always ensure that others know these risks. For example, those who may be interested in following the same investment strategies as Oprah Winfrey, there will always be a significant chance of loss. She has hired professionals, and a team that assists her in these decisions. Do you? Be aware of your strengths and shortcomings.

Make it a rule to only invest your time, money, and energy into something that you can see, control, and modify. Do not trust websites or scam artists who claim to be able to double your money in ridiculously short periods. Lasting fortune takes time to build, therefore, you must adopt some of the strategies you come across and persevere.

Many of the biographies, quotes, facts, and figures have been retrieved from biography.com, a website that continues to update the records of thousands of politicians, billionaires, and others in the public eye. You can find out more about many other celebrities and influential figures there.

With that said, it is time to start exploring the world of the black billionaires, and what put them on the map.

Chapter 1: Black Billionaires - They Exist!

We start at the dawn of the 20th century in America. The word ‘billionaire’ wasn’t really used anywhere else in the world. While men and women continued to lead their lives in the fast-changing yet average world, there was one who continued to turn a profit. A philanthropist, and massively successful businessman went on to change the world by becoming the first billionaire. His name was John D. Rockefeller.

This happened in 1912, and if we are to truly understand how much a Rockefeller made in this time, it would roughly equate to $418 billion after inflation. That is a jaw-dropping figure.

What happened next took well over a century, creating 600 or