Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Michael Jordan, 10 Richest Black Americans and Their Stock Picks

In this article, we will be taking a look at Michael Jordan, some of the richest black Americans and their stock picks. To see more of them, you can go directly to see Michael Jordan, 5 Richest Black Americans and Their Stock Picks.

At the moment this article is being written, the date is June 19, 2023, also known as Juneteenth. This date marks the historic occasion of the emancipation of enslaved Black Americans back in 1865. From that time till today, Black Americans have come a long way, but they still continue to fight against systemic discrimination and racism. In a global environment such as this, every time a Black American breaks free to ascend beyond the glass wall, they issue a cause for celebration. The existence of several Black American billionaires today is one such cause for celebration.

In our list below, we go over some of the most famous and successful Black Americans alive today, ranging from actors and singers like Tyler Perry and Rihanna to athletes such as Tiger Woods and LeBron James. These individuals have paved a tireless path for themselves over the past few decades, breaking all barriers and establishing a name for themselves in their respective fields through various activities. They include their business ventures, as in the case of Rihanna, for example, and even brand endorsements from mega-corporations like McDonald’s Corporation (NYSE:MCD), The Coca-Cola Company (NYSE:KO), and NIKE, Inc. (NYSE:NKE), as in the case of LeBron James and other athletes. And, of course, a source of wealth that is of immense importance is also the investments each of these individuals has, whether in private companies or public ones or even in real estate and sports teams.

The Charlotte Hornets Sale

A sports team that has offered immense wealth and growth to one of the billionaires on our list is the Charlotte Hornets, owned by basketball legend Michael Jordan. However, news this June has revealed that Jordan is actually moving towards the sale of his majority stake in this prized asset while he continues to retain minority ownership of the team. According to CNBC, Jordan will be raking in $3 billion from this sale to investors Gabe Plotkin and Rick Schnall, when he initially had bought the majority stake in the team in 2010 for $275 million. Provided the sale does go through, these figures mean that Jordan will be exiting his majority stake in the team after making 10 times his original investment.

If the sale goes through, other assets that will be passed on include the Hornets Sports & Entertainment Group, the G League team, the Greensboro Swarm esports team, and the Hornets Venom GT. The sale will also include the transfer of the Spectrum Center, where the Charlotte Hornets play. However, before anything can be confirmed, the NBA Board of Governors has to approve the sale.

How The List Of America’s Richest Black Billionaires Has Changed

Jordan’s decision to sell the Charlotte Hornets probably does not surprise those who keep updated on the prices of sports franchises. The opportunity to cash in on billions of dollars when you initially put in an investment of millions would tempt anyone. The fact of the matter remains that trends will always keep shifting, and so will the markets. This means that those who can keep up with these changes will be the ones who benefit in the long run. When we covered the richest Black Americans back in our 2021 article, some names such as Rihanna, LeBron James, Alexander Karp, and Tiger Woods were not included. Between 2021 and 2023, these individuals have also risen to the top, becoming part of the select few within the Black American community who have managed to achieve the status of being a billionaire.

Rihanna became the youngest self-made female billionaire in the US in 2022 after the immense success of her makeup company, Fenty Beauty. LeBron James, a stellar NBA player, also achieved his billionaire status in 2022, raking in most of his wealth from his business ventures and endorsements with major companies like NIKE, Inc. (NYSE:NKE), as mentioned above. Alexander Karp has been a billionaire since at least 2015 after having founded the successful Palantir Technologies Inc. (NYSE:PLTR), and finally, Tiger Woods, a professional golf player, was certified as a billionaire by Forbes in 2022 as well.

At the same time, Kanye West seems to have dropped off our list because he lost several multi-year deals worth billions of dollars. These include the Adidas deal for the Yeezy sneaker brand and the Gap, CAA, and Balenciaga deals. The above shows how the list of Black billionaires in the US is ever-changing but also ever-expanding, and that in itself is a significant achievement for Black Americans today. To commemorate Juneteenth and now the historic success of these individuals, we have compiled a list of the richest Black Americans today while also highlighting their stock picks.

Our Methodology

To pick the individuals for our list, we checked the net worths of the richest Black Americans as of 2023, using Forbes’ data. We shortlisted the 10 richest Black Americans and ranked them based on their net worth, from the lowest to the highest value.

Michael Jordan, Richest Black Americans and Their Stock Picks

10. Tyler Perry

Net Worth: $1 billion

Tyler Perry is a well-known Black American director, actor, producer, and writer. He began his career in entertainment in the 1990s, starting with live theatre and gradually moving to film and television by the 2000s.

While Perry may be best known for his role in the Madea franchise, which grossed over $660 million, a significant portion of his wealth has been coming from his business ventures in the media sector. Perry has a huge stake in a renowned cable network, BET, and reports this June have been stating that he may be acquiring this network alongside VH1. Both of these networks are owned by Paramount Global (NASDAQ:PARA), implying that this would be the stock Perry is most inclined towards.

A significant portion of Perry’s wealth is also derived from his ownership of his films and Tyler Perry Studios, which is the biggest film-production studio in the US as of this February.

9. LeBron James

Net Worth: $1 billion

LeBron James is an NBA player and the first active NBA player to become a billionaire. He currently plays for the Los Angeles Lakers. The key to James’ wealth is not his basketball career alone. Rather, the fact that he has been taking equity in the brands he works with has helped James achieve his billionaire status today.

The brands James has equity in include Beats by Dre, owned by Apple Inc. (NASDAQ:AAPL), and Blaze Pizza. He has also invested in Fenway Sports Group, a move that made him a part owner of the Boston Red Sox, Liverpool Football Club, and some other sports teams.

James has also been part of several brand endorsements for companies like McDonald’s Corporation (NYSE:MCD), The Coca-Cola Company (NYSE:KO), and NIKE, Inc. (NYSE:NKE).

8. Tiger Woods

Net Worth: $1.1 billion

Tiger Woods is a professional golfer, a career through which he has earned about $1.8 billion. This includes a PGA Tour-record $121 million in prize money. He is the second active athlete to become a billionaire, after LeBron James.

Woods has invested his money mostly in two homes on Jupiter Island alongside a golf-course design business and a high-end mini-golf chain, Popstroke. He has also benefitted from numerous endorsements from companies like Monster Beverage Corporation (NASDAQ:MNST) and NIKE, Inc. (NYSE:NKE).

7. Rihanna

Net Worth: $1.4 billion

Robyn “Rihanna” Fenty is one of the most famous singers in the US. By now, Rihanna is known for more than just her music in light of her acting and business careers. While her role in the media and entertainment industry of the US has certainly paved the way for her success and current wealth, the largest portion of her fortune comes from the success of her cosmetics line, Fenty Beauty.

In 2022, Fenty Beauty’s revenue doubled. The company is co-owned by Rihanna and LVMH Moet Hennesy Louis Vuitton SE (EPA:MC). Rihanna’s 30% stake in the SavagexFenty lingerie line has also helped rake in the cash. In 2022, the lingerie company was reported to be eyeing a $3 billion initial public offering as well.

6. Alexander Karp

Net Worth: $1.9 billion

Alexander Karp is the co-founder and CEO of Palantir Technologies Inc. (NYSE:PLTR), a data mining firm that does contract work for government agencies such as the Department of Defense and the Federal Bureau of Investigation. He is the son of a Jewish man and a Black woman.

In light of the current AI boom, aided in large part by the discussions surrounding generative AI, Palantir Technologies Inc. (NYSE:PLTR) is a company that many professionals are keeping an eye on. This development is working in favor of Karp and all other shareholders in the company.

Like McDonald’s Corporation (NYSE:MCD), The Coca-Cola Company (NYSE:KO), and NIKE, Inc. (NYSE:NKE), Palantir Technologies Inc. (NYSE:PLTR) is a stock that is highly popular among investors today.

Click to continue reading and see Michael Jordan, 5 Richest Black Americans and Their Stock Picks.

Disclosure: None. Michael Jordan, 10 Richest Black Americans and Their Stock Picks is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!