Most affluent women worldwide 2022, by net worth, Distribution of wealth in the United States 1990-2022. (List by state, number per state, per 1,000 households, or average household income in state) At every income level even among the top 10% of earners white Americans' net worth is higher than that of Black Americans. In countries outside of Africa, we'd look for countries with both large black populations and good economic . All of the Black billionaires in the United States 9 Robert F. Smith ($6 billion) David Steward ($3.7 billion) Oprah Winfrey ($2.7 billion) Kanye West ($1.8 billion) Michael Jordan ($1.6 billion) Jay-Z ($1.4 billion) Tyler Perry ($1 billion) Wealthiest Asian-American billionaires in the United States 9 Eric Yuan ($14.9 billion) The ideal entry-level account for individual users. Jim Kennedy: He is the chairman of Cox Enterprises, which owns AutoTrader, Kelley Blue Book, the Atlanta Journal Constitution, and other auto and media brands. But thats a very one-sided picture that has been painted for us that fails to acknowledge the many Black entrepreneurs that found success outside of those expectations. According to the 2021 Forbes ranking of the world's billionaires, Nigerian business magnate Aliko Dangote had a net worth of $11.5 billion and was the world's richest black man. The achievements have been important to the region's standing as the economic capital of the Deep South. Overall,. Instead of looking for wealth as a lawyer, she transitioned into coaching which in turn helped her and others touch seven figures. Because Perry controls every aspect of his projects' production from his 330-acre Tyler Perry Studios in Atlanta, he generated $1.4 billion in pretax income since 2005,Forbesreported. How many multi-millionaires in the US have $50 million net assets? Let's take a closer look at some of the statistics about millionaires by country and background. To be in the top. HomeSnacks is reader-supported. African American families ventured to south DeKalb County and other suburban communities in the 1970s. These days, it also ranks as one of the richest, with a median income of $122,514. As soon as this statistic is updated, you will immediately be notified via e-mail. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Brian Richardson - $1.3 million. Isnt it time we heard from UGAs Kirby Smart? The Missouri-based billionaire still has a majority stake in the company. According to the most recent data available, 76% of US millionaires were white or Caucasian. 163,144 millionaires. According to the table there are 163,144 millionaires in Georgia, which is down some 7,000 millionaires from 2012. Want to know how other areas fared? Some major companies are exploring ways to help, through the citys historically black colleges. You can find out more about him on LinkedIn or his website. With a handful of exceptions, the top 10 states for millionaires were in the Northeast and the Beltway region, but Hawaii, California and Alaska also made the list. Tap into that. Anita Zucker is the richest person in South Carolina. Of the 3.8 million households, there are 211,662 millionaire households in the state, which means about 5% of Georgians are millionaires. Perry toldForbes he adopted that business strategy on the advice of fellow Black billionaire Oprah Winfrey. One of the most revolutionary things you can do is gain financial freedom. Only about 6.2% of Americans are considered millionaires, but how many of them live in Georgia? If your a millionaire what difference does it make? Statista. David Steward. The top white 1% households have a median net worth of $8.3 million, whereas the top black 1%, have a median net worth of $1.2 million. Saudi Arabian billionaire Mohammed Al Amoudi, of Hadhrami Yemeni and Ethiopian descent, has been on the Forbes billionaire list since 2002 and in 2012 had a net worth of $12.5 billion. AfroTech previously spotlighted South Philadelphia native Ayesha Selden who used her passion for ownership to take herself from the projects to owning her own properties. New to the top 10 this year was the District of Columbia, which rose nine places to No. The five wealthiest black billionaires in the U.S. have a combined net worth of $22.7 billion. In the midst of the Black Lives Matter protests in July, she announced that she had donated nearly $1.7 billion to 116 organizations focused on inequality in society related to race, sexual. Starks guessed she owned between 200 and 300 pairs as she worked her way through college and started a career. 1. There were as many Nigerians on the list (from a. When you click through real estate links on our site, we earn an affiliate commission. by state U.S. 2020, U.S. states with highest ratio of millionaire households per capita 2020, U.S. metropolitan areas with the highest share of millionaire households 2020, Richest self-made women in the United States 2022, based on net worth, Distribution of UHNW individuals by gender U.S. 2019, Share of U.S. families who are millionaires 2016, by ethnicity, Distribution of billionaires in the U.S. by gender 2022, States with the most billionaires in the U.S. 2022, Combined value of billionaire wealth in the United States 2020-2022, Opinion of U.S. adults on whether billionaires are a good or bad thing 2021, by age, Opinion of U.S. adults on whether billionaires should pay a wealth tax by party 2020, Ultra high net worth individuals 2021, by country, Share of the world's billionaires by region 2021, Global fastest growing markets for centi-millionaires 2022-2032, Cities with the highest number of UHNW individuals worldwide 2020, Youngest billionaires globally 2022, by net worth, Value added to the wealth of the world's leading billionaires during pandemic 2021, Breakdown of U.S. millionaires by generation 2013, U.S. top metro areas ranked by high net worth population 2014, U.S. millionaire households 1997-2015, by net worth, Breakdown of high net worth individuals' luxury investments in North America 2014, Wealth in the U.S. - UHNW (super rich) population in 2014, by gender, Wealth in the U.S. - UHNW (super rich) population in 2014, by state, Number of HNWI's, UHNWI's and billionaires in Switzerland 2014-2024, Number of HNWI's, UHNWI's and billionaires in Ireland 2014-2024, Private wealth owned by top one percent of population in Europe 2014, Number of HNWI's, UHNWI's and billionaires in Sweden 2016-2021, Number of HNWI's, UHNWI's and billionaires in Germany 2014-2024, Number of HNWIs and UHNWIs in Russia 2016-2026, Number of HNWI's, UHNWI's and billionaires in Austria 2013-2023, Investments of high-net-worth individuals, Find your information in our database containing over 20,000 reports. An estimated 2% of black households or 340,000 families have a net worth of more than $1 million. A boom in African millionaires doesn't suggest that wealth is being distributed more fairly globally either. to incorporate the statistic into your presentation at any time. Arthur M. Blank owes most of his fortune to being the co-founder of Home Depot, but also made quite a killing after buying the Atlanta Falcons for a cool $545 million. Investor Robert F. Smith is the richest black man in the country.. West reportedly claims that he is worth $3.3 billion. In addition, Lake Lanier, The Georgian period saw Britain establish itself as an international power at the centre of an expanding empire. To use individual functions (e.g., mark statistics as favourites, set Because then you're going to do work that you love to do. Vista is one of the most successful private equity firms in the nation, with more than $46 billion in assets and posting annualized returns of 22%. RELATED:Atlanta fast becoming a mecca for African Americans in tech, FROM 2018:Wealth gap between whites and blacks widened after Great Recession. Take the steps right now to unblock your money mindset, eliminate debt, save, and invest. Oprah has also voiced characters in "Charlotte's Web," "The Bee Movie," and "The Princess and the Frog," in addition to starring in "Lee Daniels' The Butler" and "Selma," among others, according toThe Oprah Magazine. Gentrification doesn't have to force minority residents out of their homes. Forbes now says that the 43-year-old rapper and fashion designer is worth $1.3 billion, mostly because of his sole ownership of his brand Yeezy. Sweet Auburn, as it was called, flourished for much of the first half of the 20th century. Many or all of the offers on this site are from companies from which Insider receives compensation (for a full list. . Our experts choose the best products and services to help make smart decisions with your money (here's how). And looking at your work experience and seeing: How does that match a problem in the marketplace that you could solve? You have to do scary things. Get full access to all features within our Business Solutions. From entrepreneurs like Oprah Winfrey and Dr. Dre to athletes like Kobe Bryant and Tiger Woods, these are the wealthiest African Americans, as of 2017. According to Forbes, the Baltimore native sold his first tech business for $23 million back in 1999, providing him with the success and capital that helped launch his career. On this Wikipedia the language links are at the top of the page across from the article title. The people around you will tell you that you're crazy. There are 10 million plus millionaires in the US.8% IS 800,000. Bubba and Dan Cathy: The Cathy brothers run Chick-fil-A, which their father Truett founded in 1967. We have not addressed them the way we need to, he said. So, too, does his daughter, Kelsi Queen-Robinson, who left the teaching profession and got her MBA to help run the business. Njera Perkins is a NY-based freelance journalist and editor who specializes in business, tech, music, entertainment and culture. Who is the richest person in Savannah Georgia? It was home to banks, churches, nightclubs and the Atlanta Daily World, the citys black-owned newspaper. By the early 2000s, DeKalb was majority African American, and had one of the largest middle-income black communities in the nation. It was by far the. Starks shares her lessons about money with younger family members. These things are interconnected, said Marks, a Queens, New York, native, who started the National Training Institute on Race and Equity. You need a Statista Account for unlimited access. Arthur Queen was among those who arrived in south DeKalb during that population growth. Winfrey, now 66, also leveraged her show's success to build a media empire and amassed a fortune of $2.6 billion in the process, according to Forbes. Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting. Cobb County. After we collected the data for all 128 places with more than 5,000 people in Georgia, we ranked each place from 1 to 128 for each of the criteria, with 1 being the richest. Becoming wealthy is attainable for anyone. Antoine Dubuclet was born in 1810 Louisiana to free black parents. Born and raised in Brooklyn, N.Y., Eric is active in the Atlanta Association of Black Journalists and the Education Writers Association and enjoys mentoring aspiring journalists. Latino-Americans, who are also experiencing a sustained downward wealth slide, will hit $0 about two decades later, according to the study by Prosperity Now and the Institute for Policy Studies.