African American women, especially those residing in the United States, have double disadvantages in terms of economic inequality because of their gender and race. According to US statistics, black women earn 69 cents for every dollar a white man earns in the country. The Bureau of the Census. These ladies have overcome significant odds to become extremely wealthy. Look at the five wealthiest black women in the world as a celebration of Black Women’s History Month.
5. SHEILA JOHNSON
Forbes estimates her wealth to be $750 million.
As a co-founder, Sheila Johnson played a pivotal role in the establishment of the Black Entertainment Network. She and her first husband, Robert, founded it in 1979. In 2001, Viacom made a $2.9 billion offer for BET, and the following year, Johnson got a divorce and sold her part. She bought hotels in both Florida and Virginia with the money, including the PGA Tour’s official hotel for the annual tournament in Palm Harbor, Florida’s Innisbrook. She also bought planes, real estate, and horses with the money. Johnson also works in the film industry and produced “The Butler” in 2013.
4. Hajia Bola Shagaya
Gulsea.com reports a net worth of $959 million for her.
Africa’s largest economy is led by a Nigerian businesswoman. Hajia Bola Shagaya started the oil, real estate, finance, communications, and photography conglomerate Bolmus Group International. According to Forbes, his company’s real estate development division has built and owned hundreds of high-end homes in some of Nigeria’s priciest communities.
3. Folorunsho Alakija
Forbes estimates that billionaire Folorunsho Alakija is worth $1.0.
Famfa Oil, a Nigerian oil company, counts Chevron and Petrobras among its partners, according to Forbes, and Folorunsho Alakija, its vice president, is responsible for overseeing these relationships.
Before starting Famfa Oil, Alakija established a fashion label that counted the wife of ex-Nigerian president Ibrahim Babangida among its customers.
2. Rihanna
Forbes estimates her wealth to be $1.5 billion.
According to Forbes, Rihanna’s commercial dealings rather than her musical output account for the bulk of her fortune. Fenty Beauty, a cosmetics company she co-owns with LVMH, is her main source of revenue. She also owns the lingerie label Savage X Fenty with her business partner.
1. Winfrey, Oprah
According to Forbes, she has a net worth of $2.6 billion.
Forbes stated that Oprah Winfrey, the former talk show host and current TV entrepreneur, invested the $2 billion she made from the 25 seasons of her show of the same name. OWN, a cable network, and O Magazine are both part of the Hermedia conglomerate. A multiyear contract with Apple TV+ is also under his belt.
