In honor of Black History month, we here at WAA want to take time to honor female African-American entrepreneurs. In addition to being the fastest growing group of entrepreneurs, African-American women are advancing financially like never before.
At just 31 years old, Rihanna was officially named the wealthiest female musician on the planet, according to Forbes. Not only a singer, Rihanna is also a successful cosmetics entrepreneur. A large part of the singer’s wealth has been generated through her cosmetics company, Fenty Beauty.
Sheila Johnson is a business titan most known for co-founding Black Entertainment Television (BET). Sheila was the first African-American woman to gain a net worth of at least one billion dollars. In 2000, BET was sold to Viacom for roughly $3 billion in 2000.
Best known for her books, philanthropy, and talk show, thre iconic Oprah Winfrey is ranked no.10 on Forbes's list and is one of just five black billionaires in the country, with a net worth of $2.6 billion.
Beyoncé Knowles Carter is a business mogul and an American idol. The talented musician has made her mark in history by winning approximately 54 performance awards in her career. According to Forbes, the superstar is worth $400 million.
Serena Williams is known for her prowess both on and off the tennis court. The talented 23-time Grand Slam winner has launched Serena Ventures, an investment firm focused on companies founded by women and minorities. It has invested in 34 startups, and has a portfolio worth at least $10 million.
I am sure that it has not been easy for these talented women, but their hard work and business savvy have earned them their spots in the history books.
Tune in next week when we’ll feature the lady who started it all- the first African-American millionaire Madam C.J. Walker. -Advertising Cowboy Reynaldo Mayans.