Forbes Lists Wealthiest Black Americans

Forbes ranks the top earning Black Americans. Who made #1?

Sheila Johnson Net worth: $400 Million - Businesswoman Sheila Johnson, number seven on the list, owns a stake in several D.C. area sports teams: the Washington Capitals, Washington Wizards and the Washington Mystics.
Berry Gordy Jr. Net worth: $325 Million - Motown founder Berry Gordy landed at number nine on the list. After managing such legendaries as the Jackson 5, The Supremes and Stevie Wonder, he sold the record label in 1988 for $61 million, reports Forbes. He also sold Jobete Music Corp. to EMI Music Publishing for more than $300 million.
Don King Net Worth: $290 Million - Renowned boxing promoter, Don King, comes in at No. 11 on the list. King promoted such legendary bouts as the “Rumble in the Jungle,” a fight between Muhammad Ali and George Foreman in Zaire, and the 1997 fight between Mike Tyson and Evander Holyfield, which grossed $110 million, according to Forbes.
Janice Bryant Howroyd & Family Net worth: $250 - No. 12, Janice Howroyd, started a staffing firm in 1978 with just $1,500. Today, her employment services agency makes almost $1 billion in revenues each year.Jay-Z’s Losing Money - It looks like the recession is hitting everyone hard—even rap mogul Jay-Z. According to the NY Post, while still successful overall, the rapper has seen some of his million-dollar investments take a nose dive. Cases in point: his group borrowed $30 million to buy a building to develop; but ended up scrapping the plan and selling the loan for $19.5 million. And in 2007, he borrowed $52 million to buy land for his luxury J Hotel, but left the investment and sued his lender for interest payments.

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Berry Gordy Jr. Net worth: $325 Million - Motown founder Berry Gordy landed at number nine on the list. After managing such legendaries as the Jackson 5, The Supremes and Stevie Wonder, he sold the record label in 1988 for $61 million, reports Forbes. He also sold Jobete Music Corp. to EMI Music Publishing for more than $300 million.

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