Q:

Who are African American millionaires?

A:

African American millionaires include prominent celebrities such as Oprah Winfrey, Tiger Woods, Robert Johnson, Magic Johnson and Michael Jordan. In addition to these millionaires, Don Peebles, Quintin Primo III, Ulysees Bridgeman, Jr. and Kenneth Chenault earn enough profits to join the millionaires' club.

 

Of the many wealthy African Americans in the United States, Oprah Winfrey tops the list. Winfrey launched a successful television show, called "The Oprah Winfrey Show," which attracts viewers in the United States and around the world. Winfrey also produces Broadway shows and has a satellite radio station. From these sources, she earns over $200 million annually.

Golf legend Tiger Woods comes in second, with average earnings also in the hundreds of millions. Woods earns money from golfing and through promotional acts. Basketball stars Michael Jordan and Magic Johnson enjoy estimated net worths of $525 million and $500 million, respectively.

The net worth of Robert Johnson, founder of Black Entertainment Television, rivals that of Michael Jordan. Real estate tycoons Don Peebles and Quintin Primo III operate successful real estate companies; Peebles' firm acquires properties in the United States, while the firm Capri Capital, established by Primo III, purchases, sells and constructs properties and infrastructure in the United States and abroad. Athletes, franchise owners, investors and accountants also make the list of African Americans with incomes in the millions.

 

Sources:

  1. forbes.com

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