Quantcast
Amy Sussman/Getty Images for ABA

Money Matters: A List Of The Leading Black Celebrity Investors In The World

According to these celebs, setting your sights on a billion, pays.

Culture & Entertainment

When it comes to money, many of us are behind in ways to provide passive income strategies for our families. Particularly, something that many of us in the culture don't do enough of, is investing. It's simple, to the point, a way to make sure your family is comfortable without putting much effort into doing so.


Well, the celebrities of today does lots of it. In fact, many of their careers take a backseat to the opportunities they have to build their portfolios and create generational wealth for years to come. Now, celebs do more than just sing, act, play a sport, or secure a few little endorsement deals. Additionally, now, they push the limits on those contracts, or with building that business, or capitalizing on their brands. And I ain't mad at them. In fact, I celebrate and welcome them. So, join me as we do just that.

Here's a list of the leading Black celebrity investors in the world:

Note: Data is complied from money.co.uk. They were surveyed on five factors: net worth, number of investments (personal and partner investments), highest investment sum, estimated total amount of funding and average investment sum.

Jay Z + Beyonce

Rapper turned billionaire entrepreneur, a.k.a. Jay Z, obviously topped the list as the celebrity with the most investments. He has made stacks from his album sales and tours, sure, but most of his coins come from his business moves, which include music, tech, art, and luxury alcohol brands. Jay is very well aware of his influence and uses it to his advantage. Buying art for a small(ish) price, rapping about said artist in multiple songs to increase the value, and sitting back and watching it collect prestige, is what he does. And now, the rest of his portfolio, according to money.co.uk, has at least 11 personal and partner investments with a total investment sum of $983M--tech and champagne being his biggest investment areas.

This means that the once kid from Marcy projects, is now worth a cool $1.2 billion.

As far as Bey, she recently announced that she was investing in a hemp farm to obtain her own CBD. She also has a partnership with Adidas, as well as many upcoming business ventures on the way (you know she doesn't give too much away until she's ready).

Oprah

Up next is Oprah Winfrey--also a billionaire, but that has found huge success in media with a career that spans well over 20 years. From here, she pivoted her talk show into a business, and her brand into an empire.

Oprah has a 25.5% stake in her created cable channel OWN. She also has a 10% stake in Weight Watchers. Her other investments includes Maven clinic, Oatly, Apeel Sciences, True Food Kitchen and Waywire.

Dr. Dre

The one and only Compton doctor, Dr. Dre came in next. Dr. Dre is the epitome of what a music producer is and has held this title in a way that no other has. His entrepreneurial journey began in 1996 when he created The Aftermath, shortly after leaving Death Row records that March. And as we all know, he eventually founded Beats by Dre, and sold it to Apple for $3 billion. He still has 20% stake in the company. #whew

Serena Williams

The greatest athlete of all time, Ms. Serena Williams, through her Serena Ventures, has invested in 34 startups over the past five years, with 60% of the investments focused on companies founded by women and minorities. OK, I'm going to say that again: The greatest athlete of all time, Ms. Serena Williams, through her Serena Ventures, has invested in 34 startups over the past five years, with 60% of the investments focused on companies founded by women and minorities.

She launched a self-funded, direct-to-consumer clothing line, S by Serena, in 2018. She also owns stakes in the NFL's Miami Dolphins and Dana White's UFC. Flex on the people, sis!

Will.i.am

Williams Adams, a.k.a. the brainchild of popular eclectic group, Black Eyed Peas, is quite the entrepreneur. He invested in (and acquired) a $4.6 million stake in app-only bank Atom in 2017, and he has also dabbled in tech in the last few years, putting his money in startups such as the app 'Knock Knock', and he's even launched his own line of headphones.

Will.i.am is even international with his investments, as he's invested £5m ($6m) in Music Messenger's Series A round, followed by a further investment of £5m in Shellanoo Group and £3m investment in Honest Dollar.

Nas

Nasir Jones has quietly established himself as one of the most prolific investors in the world. In April, Yahoo News reported that he could be $100 million richer following his 2013 investment in Coinbase, the cryptocurrency exchange expected to reach over $100 billion in valuation once going public. He's also the founder of QueensBridge Venture Partners, which has reportedly invested in more than 40 start-ups across a range of sectors like financial technology, health care, and music production.

Additionally, Nas has invested in Lyft, Dropbox, Tradesy, and LANDR, a start-up that uses big data and artificial intelligence to produce music.

Will Smith

According to Crunchbase, Will Smith has made 21 investments across multiple industries. He has invested in companies such as Superhuman, Titan, Sundae, Sandbox VR, Flockjay among others. He also happens to have one of the best pages on the 'gram.

Rihanna

We're never going to get anymore music from Rihanna with the way she collects the bag elsewhere. Sis is making billions from her side hustles! Rihanna is the richest female musician in the world with a net worth of $1.7 billion. Her investment portfolio includes a 50% stake in Fenty Beauty which accounts for $1.4 billion of her worth. The rest of her worth comes from her stake in her lingerie company, Savage x Fenty, worth an estimated $270 million, and her earnings from music and acting. She's even venturing into the perfume business, because, why not?

50 Cent

Outside of music, 50 Cent famously invested in Vitamin Water, which was sold to Coca-Cola for $4.1 billion. His other ventures include footwear, headphones, Casper mattresses, Le Chemin du Roi Champagne and Branson Cognac.

Tyra Banks

Tyra has been lowkey these days, but that doesn't mean that sis hasn't been quietly getting those coins too! We know her as an actress, author, television personality, supermodel, and founder of TZONE. But she's also an investor in TheSkimm, Videogram, The Muse and Shop Tap Industries.

Featured image by Amy Sussman/Getty Images for ABA

You may not know her by Elisabeth Ovesen – writer and host of the love, sex and relationships advice podcast Asking for a Friend. But you definitely know her other alter ego, Karrine Steffans, the New York Times best-selling author who lit up the literary and entertainment world when she released what she called a “tell some” memoir, Confessions of a Video Vixen.

Her 2005 barn-burning book gave an inside look at the seemingly glamorous world of being a video vixen in the ‘90s and early 2000s, and exposed the industry’s culture of abuse, intimidation, and misogyny years before the Me Too Movement hit the mainstream. Her follow-up books, The Vixen Diaries (2007) and The Vixen Manual: How To Find, Seduce And Keep The Man You Want (2009) all topped the New York Times best-seller list. After a long social media break, she's back. xoNecole caught up with Ovesen about the impact of her groundbreaking book, what life is like for her now, and why she was never “before her time”– everyone else was just late to the revolution.

xoNecole: Tell me about your new podcast Asking for a Friend with Elisabeth Ovesen and how that came about.

Elisabeth Ovesen: I have a friend who is over [at Blavity] and he just asked me if I wanted to do something with him. And that's just kinda how it happened. It wasn't like some big master plan. Somebody over there was like, “Hey, we need content. We want to do this podcast. Can you do it?” And I was like, “Sure.” And that's that. That was around the holidays and so we started working on it.

xoNecole: Your life and work seem incredibly different from when you first broke out on the scene. Can you talk a bit about the change in your career and how your life is now?

EO: Not that different. I mean my life is very different, of course, but my work isn't really that different. My life is different, of course, because I'm 43. My career started when I was in my 20s, so we're looking at almost 20 years since the beginning of my career. So, naturally life has changed a lot since then.

I don’t think my career has changed a whole lot – not as far as my writing is concerned, and my stream of consciousness with my writing, and my concerns and the subject matter hasn’t changed much. I've always written about interpersonal relationships, sexual shame, male ego fragility, respectability politics – things like that. I always put myself in the center of that to make those points, which I think were greatly missed when I first started writing. I think that society has changed quite a bit. People are more aware. People tell me a lot that I have always been “before my time.” I was writing about things before other people were talking about that; I was concerned about things before my generation seemed to be concerned about things. I wasn't “before my time.” I think it just seems that way to people who are late to the revolution, you know what I mean?

I retired from publishing in 2015, which was always the plan to do 10 years and retire. I was retired from my pen name and just from the business in general in 2015, I could focus on my business, my education and other things, my family. I came back to writing in 2020 over at Medium. The same friend that got me into the podcast, actually as the vice president of content over at Medium and was like, “Hey, we need some content.” I guess I’m his go-to content creator.

xoNecole: Can you expound on why you went back to your birth name versus your stage name?

EO: No, it was nothing to expound upon. I mean, writers have pen names. That’s like asking Diddy, why did he go by Sean? I didn't go back. I've always used that. Nobody was paying attention. I've never not been myself. Karrine Steffans wrote a certain kind of book for a certain kind of audience. She was invented for the urban audience, particularly. She was never meant to live more than 10 years. I have other pen names as well. I write under several names. So, the other ones are just nobody's business right now. Different pen names write different things. And Elisabeth isn’t my real name either. So you'll never know who I really am and you’ll never know what my real name is, because part of being a writer is, for me at least, keeping some sort of anonymity. Anything I do in entertainment is going to amass quite a bit because who I am as a person in my private life isn't the same a lot of times as who I am publicly.

xoNecole: I want to go back to when you published Confessions of a Video Vixen. We are now in this time where people are reevaluating how the media mistreated women in the spotlight in the 2000s, namely women like Britney Spears. So I’d be interested to hear how you feel about that period of your life and how you were treated by the media?

EO: What I said earlier. I think that much of society has evolved quite a bit. When you look back at that time, it was actually shocking how old-fashioned the thinking still was. How women were still treated and how they're still treated now. I mean, it hasn't changed completely. I think that especially for the audience, I think it was shocking for them to see a woman – a woman of color – not be sexually ashamed.

I hate being like other people. I don't want to do what anyone else is doing. I can't conform. I will not conform. I think in 2005 when Confessions was published, that attitude, especially about sex, was very upsetting. Number one, it was upsetting to the men, especially within urban and hip-hop culture, which is built on misogyny and thrives off of it to this day. And the women who protect these men, I think, you know, addressing a demographic that is rooted in trauma that is rooted in sexual shame, trauma, slavery of all kinds, including slavery of the mind – I think it triggered a lot of people to see a Black woman be free in this way.

I think it said a lot about the people who were upset by it. And then there were some in “crossover media,” a lot of white folks were upset too, not gonna lie. But to see it from Black women – Tyra Banks was really upset [when she interviewed me about Confessions in 2005]. Oprah wasn't mad [when she interviewed me]. As long as Oprah wasn’t mad, I was good. I didn't care what anybody else had to say. Oprah was amazing. So, watching Black women defend men, and Black women who had a platform, defend the sexual blackmailing of men: “If you don't do this with me, you won't get this job”; “If you don't do this in my trailer, you're going to have to leave the set”– these are things that I dealt with.

I just happened to be the kind of woman who, because I was a single mother raising my child all by myself and never got any help at all – which I still don't. Like, I'm 24 in college – not a cheap college either – one of the best colleges in the country, and I'm still taking care of him all by myself as a 21-year-old, 20-year-old, young, single mother with no family and no support – I wasn’t about to say no to something that could help me feed my son for a month or two or three.

xoNecole: We are in this post-Me Too climate where women in Hollywood have come forward to talk about the powerful men who have abused them. In the music industry in particular, it seems nearly impossible for any substantive change or movement to take place within music. It's only now after three decades of allegations that R. Kelly has finally been convicted and other men like Russell Simmons continue to roam free despite the multiple allegations against him. Why do you think it's hard for the music industry to face its reckoning?

EO: That's not the music industry, that's urban music. That’s just Black folks who make music and nobody cares about that. That's the thing; nobody cares...Nobody cares. It's not the music industry. It's just an "urban" thing. And when I say "urban," I say that in quotations. Literally, it’s a Black thing, where nobody gives a shit what Black people do to Black people. And Russell didn't go on unchecked, he just had enough money to keep it quiet. But you know, anytime you're dealing with Black women being disrespected, especially by Black men, nobody gives a shit.

And Black people don't police themselves so it doesn't matter. Why should anybody care? And Black women don't care. They'll buy an R. Kelly album right now. They’ll stream that shit right now. They don’t care. So, nobody cares. Nobody cares. And if you're not going to police yourself, then nobody's ever going to care.

xoNecole: Do you have any regrets about anything you wrote or perhaps something you may have omitted?

EO: Absolutely not. No. There's nothing that I wish I would've gone back and said to myself, no. I don’t think at 20-something years old, I'm supposed to understand every little thing. I don't think the 20-something-year-old woman is supposed to understand the world and know exactly what she's doing. I think that one of my biggest regrets, which isn't my regret, but a regret, is that I didn't have better parents. Because a 20-something only knows what she knows based on what she’s seen and what she’s been taught and what she’s told. I had shitty parents and a horrible family. Just terrible. These people had no business having children. None of them. And a lot of our families are like that. And we may pass down those familial curses.

*This interview has been edited and condensed

Let’s make things inbox official! Sign up for the xoNecole newsletter for daily love, wellness, career, and exclusive content delivered straight to your inbox.

Feature image courtesy of Elisabeth Ovesen

The daily empowerment fix you need.
Make things inbox official.

To be or not to be, that’s the big question regarding relationships these days – and whether or not to remain monogamous. Especially as we walk into this new awakening of what it means to be in an ethically or consensual nonmonogamous relationship. By no means are the concepts of nonmonogamy new, so when I say 'new awakening,' I simply mean in a “what comes around, goes around” way, people are realizing that the options are limitless. And, based on our personal needs in relationships they can, in fact, be customized to meet those needs.

Keep reading...Show less

Lizzo has never been the one to shy away from being her authentic self whether anyone likes it or not. But at the end of the day, she is human. The “Juice” singer has faced a lot of pushback for her body positivity social media posts but in the same vein has been celebrated for it. Like her social media posts, her music is also often related to women’s empowerment and honoring the inner bad bitch.

Keep reading...Show less

I think we all know what it feels like to have our favorite sex toy fail us in one way or another, particularly the conundrum of having it die mid-use. But even then, there has never been a part of me that considered using random objects around my house. Instinctively, I was aware that stimulating my coochie with a makeshift dildo would not be the answer to my problem. But, instead, further exacerbate an already frustrating situation…making it…uncomfortable, to say the least.

Keep reading...Show less

Gabourey Sidibe is in the midst of wedding planning after her beau Brandon Frankel popped the question in 2020. The Empire actress made the exciting announcement on Instagram in November 2020 and now she is spilling the deets to Brides magazine about her upcoming wedding. "It cannot be a traditional wedding. Really, it can't be. I don't want anything done the 'traditional' way," she said. "Our relationship is very much on our terms and I want it to be fun, like a true party."

Keep reading...Show less
Exclusive Interviews
Latest Posts