Forbes Lists Wealthiest Black Americans

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

“Magic” Johnson, Jr. Net worth: $500 Million - NBA Hall-of-Famer Magic Johnson, a successful entrepreneur known for bringing big business to majority-Black areas, is at number five. He has partnerships with Starbucks, T.G.I. Fridays and AMC Theatres.
Bill Cosby Net worth: $450 Million - Comedian Bill Cosby comes in at number six on the list. His hit sitcom “The Cosby Show” still earns him millions in its run in syndication. The 71-year-old still does stand-up comedy and supports various charities along with wife Camille.
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.

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Bill Cosby Net worth: $450 Million - Comedian Bill Cosby comes in at number six on the list. His hit sitcom “The Cosby Show” still earns him millions in its run in syndication. The 71-year-old still does stand-up comedy and supports various charities along with wife Camille.

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