ALL ACHIEVEMENT, ALL EARNED RICHES, HAVE THEIR BEGINNING IN AN IDEA!

Only one black made this years Forbes 400 list of the richest Americans

By: Errol I. Mars

Robert Johnson the Chairman and CEO of (BET) Black Entertainment Television. Americas first black billionaire did not make it on to this years ranking of Americas richest people, the Forbes 400. Johnson's fortune has shrank along with the value of the Viacom shares he got in 2001 when he sold BET. His ex-wife Sheila also got half of his fortune in their 2002 divorce. Johnson became first black American to own a majority stake in a pro sports team, buying a 60% stake in the NBA's Charlotte Bobcats. The only remaining black on the list is Oprah Winfrey with a net worth of $1.3 billion, up from last years $1.1 billion. To make the Forbes 400 List this year you had to have a minimum net worth of $750 million, up from $725 million in 2003. The richest person in America remains Bill Gates of Microsoft with a net worth of $40 billion. The total net worth of the 400 richest Americans combine is $1 trillion, up by $45 billion in the last 12 months. The first black person to make it on to this list was John H. Johnson, the publisher of Ebony magazine.

Tags: Billionaire, Current Billionaire, Former Billionaire, News, Oprah Winfrey, Robert L. Johnson

Related Sponsors:

If you like this article then please consider subscribing to our RSS feed. You can also subscribe by Email and have new posts sent directly to your inbox. You can also subscribe by adding our feed to one of the following services by clicking on the appropriate buttons.

 digg.comgoogle.comYahooMyWeblive.comdel.icio.usask.comRedditstumbleupon.comTechnorati

We invite you to join our Friends Connect/OpenSocial community, you can sign in using your Google, Yahoo, AIM, or OpenID usernames and passwords.

Recent Articles

Oprah Only Black On 400 Richest American List 2011

Forbes magazine has released it's annual ranking of America's 400 richest p


Mayweather's $40 Million Fight Night

On Saturday night, Floyd Mayweather Jr. will make tens of millions of dolla


Mark Cuban On How to Get Rich

Billionaire Mark Cuban has re-post a blog he wrote almost 3 years ago in li


Sylvia Rhone Departs as Head of Universal Motown

The management shake-up at Universal Music Group continues as Sylvia Rhone,


LeBron James In Deal For Minority Ownership In Liverpool FC

LeBron James has signed a marketing deal with Fenway Sports Group, the owne


Jay-Z Launches New Lifestyle Site

Shawn Carter aka Jay-Z, continues the expansion of his empire with the laun


Black Billionaires 2011

Dr. Mike Adenuga

Forbes magazine has released it's annual ranking for 2011 of the worlds ric


Urban Hustler Sponsors
Join Our Community

You can sign in using your Google, Yahoo, AIM or OpenID usernames and passwords.

Loading...
UrbanHustler.com - From The Street To The Boardroom.

© Errim Styles Network. All right reserved.