Historic Milestone: 20 Black Billionaires Amass Record $66.4 Billion in Combined Wealth
Currently, there are 20 recognized Black billionaires, collectively amassing a remarkable net worth of $66.4 billion, and their median age stands at 60 years. This marks an unprecedented milestone, boasting the largest number of Black billionaires at any given time and the highest combined net worth to date. Notably, Magic Johnson has recently joined this esteemed club, boasting a net worth of $1.2 billion. This achievement places him as the 23rd Black individual to attain billionaire status and the 4th athlete to achieve this distinction, following in the footsteps of Tiger Woods, Michael Jordan, and LeBron James.
Nigerian Alhaji Aliko Dangote maintains his position as the world's wealthiest Black individual, with a substantial net worth of $10.7 billion, but American Robert Smith is steadily closing the gap with a net worth of $9.2 billion.
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