America's Wealthiest Self-Made Black Women Set The Bar For Class, Savvy and Hustle

PhenomenalMAG Staff  |  Women In Power

Entrepreneurs, performers, and executives from throughout the country made Forbes' annual list of self-made women in America.

With a combined wealth of $111 billion, Forbes' list of America's richest self-made women saw an annual decrease of 6%. Thirty-eight out of the top 100 on this year's list are valued less than they were in 2021, while 51 are worth more, including seven newcomers and seven who have reappeared after a period of absence.

This is a list of the six richest self-made black women in America.

Oprah Winfrey

With a net worth of $2.6 billion, Oprah Winfrey ranks 10th on Forbes' list, but she is the wealthiest African-American woman. Reinvesting income from her talk show and films like The Color Purple, Beloved, and Selma made the media tycoon a multi-billionaire. In 2011, Winfrey created the cable channel OWN. Weight Watchers, where she owns about 10% of the company, is worth about $65 million to her, while her investment in the network is worth about $25.5 million.

She graduated from Tennessee State University with a Bachelor of Arts/Sciences degree.

Rihanna

She was formally declared a billionaire by Forbes last year when they estimated her value at $1.4 billion, making her the first Barbadian woman to do so.

Rihanna is also the richest female artist in the world and second only to Oprah Winfrey as the richest female entertainer in the world. The popularity of her cosmetics company Fenty Beauty, rather than her music, has made the artist wealthy, according to Forbes. In 2020, she expects her cosmetics company, which she shares with French luxury retailer LVMH, to generate revenues of more than $550 million.

According to Forbes, Rihanna also owns a 30% stake in the Savage x Fenty lingerie business, which was valued at $1 billion when it was raised in February 2021.

Sheila Johnson

Co-creator of BET and her ex-husband Robert Johnson sold the network to Viacom for $3 billion back in 2001. Salamander Resort & Spa was Johnson's first venture after their divorce in 2005.

As a result of the company's expansion plan, revenues increased by a remarkable 24% in 2017 from $170 million to $210 million. Real estate, aircraft, and horses are some of Johnson's other investments.

She is worth $780 million, according to Forbes.

Janice Bryant Howroyd

ActOne, a provider of workforce solutions such as temporary staffing, was founded and is led by Janice Bryant Howroyd, an entrepreneur, entrepreneur, and CEO. This year, ActOne achieved $950 million in sales. In 1978, Howroyd started her firm with a fax machine and a phone she borrowed from her mother for $900. More than 2,600 individuals work for her company in 19 countries, serving 17,000 clients. Commercial and leased properties as well as a family home are all part of the Black founder's real estate portfolio.

Beyoncé Knowles Carter

Forbes estimates Beyoncé Knowles' net worth has reached $450 million. Destiny's Child was the first group to bring her to prominence. Since then, she's become one of the most successful black female artists around.

Beyoncé's activewear line, Ivy Park, was relaunched in 2019 as part of a partnership with Adidas. In addition, she inked a $60 million contract with Netflix to broadcast "Homecoming," a live album, and a special documentary about her Coachella 2018 performance.

Emma Grede

The ABC reality show Shark Tank recently had its first guest Shark, Emma Grede, who is African American.

Grede is the CEO of Good American and a founding partner of SKIMS, two giants in the fashion industry. Good American was co-founded by her and Khloe Kardashian, and she and Kim Kardashian are co-founders of SKIMS.

Grede graduated from the London College of Fashion with a degree in business and has worked with companies like Alexander McQueen, Vivienne Westwood, Zac Posen, Christopher Kane, Chivas, Mercedes-Benz, and Sky.

Forbes estimates Grede's net worth at $360 million.


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