The Top 5 Richest Black People in America

As of 2024, Black entrepreneurs, investors, and innovators are making their mark as some of the wealthiest individuals in the United States.

These trailblazers have amassed their fortunes across industries ranging from technology to sports, creating a lasting impact through their vision and determination. Here’s a closer look at the five richest Black Americans and how they’ve built their empires.

1. David Steward: The Tech Titan

David Steward holds the title of the richest Black person in America with an estimated net worth of $11.4 billion. As the founder and chairman of World Wide Technology (WWT), Steward leads one of the largest privately held technology service providers in the world.

WWT boasts an impressive roster of clients, including Apple, Microsoft, and Citi. With its cutting-edge solutions and significant sales figures, WWT has cemented Steward’s place at the top of the wealth ladder.

2. Robert F. Smith: The Private Equity Mogul

With a net worth of $10.8 billion, Robert F. Smith is the driving force behind Vista Equity Partners, a private equity firm specializing in enterprise software companies. Since its inception in 2000, Vista has managed nearly $100 billion in assets with stellar annualized returns of 31%.

Smith’s keen investment strategies and innovative approach to private equity have established him as a leader in the financial world

3. Alexander Karp: The Data Visionary

As co-founder and CEO of Palantir Technologies, Alexander Karp has built a $4.1 billion fortune through data analytics. Palantir’s software powers critical operations for government agencies, financial institutions, and private enterprises around the globe.

Karp’s ability to navigate the complexities of data-driven decision-making has propelled both his company and his wealth to new heights.

4. Michael Jordan: The Sports Legend Turned Business Tycoon

Michael Jordan, with a net worth of $3.5 billion, has turned his basketball stardom into a business empire. His ownership stake in the NBA’s Charlotte Hornets and iconic endorsement deals, especially with Nike, have made Jordan a cultural and financial powerhouse.

Beyond the court, his Air Jordan brand continues to dominate, proving his legacy extends far beyond sports.

5. Oprah Winfrey: The Media Queen

Oprah Winfrey’s net worth of $3 billion reflects her reign as one of the most influential media figures of all time. From her groundbreaking talk show to her expansive ventures in publishing, television production, and satellite radio, Winfrey has built a multimedia empire.

Her impact extends beyond entertainment, with philanthropic endeavors that have solidified her as a global icon.