Forbes’ real-time billionaire rankings, these are the wealthiest Black individuals globally. Their investments span various industries, including telecommunications, technology, cement, media, and oil. While they have gained significant wealth, these billionaires also hold influence in sectors that are critical to economic growth, particularly in Africa and the diaspora. Here’s a roundup the world’s richest Black people as of October 2024. Read: The Top 10 Richest Black People In The World 2025 David Steward Net Worth: $11.4 billion Country: USA Industry: Information TechnologyDavid Steward co-founded World Wide Technology (WWT), a provider
Emmy-winning actress Kerry Washington has invested in Spill, a Black-owned social media platform that aims to create safer spaces for historically marginalized groups, including LGBTQIA+ and people of color. Founded by two former Twitter employees, Alphonzo “Phonz” Terrell and DeVaris Brown, Spill positions itself as a next-generation social platform that puts culture first. Kerry Washington Backs Spill With Spill, Washington is not only an investor but also an enthusiastic user. “In a digital world where marginalized groups, especially Black, Brown, and LGBTQIA folks, rarely feel prioritized, Spill stands out,” she shared
A new R300-million ($15.6 million) Seed Fund of Funds has been launched to provide crucial early-stage capital for South African tech startups. This initiative, backed by the SA SME Fund, the Department of Science and Innovation (DSI), the Technology Innovation Agency (TIA), and impact investor E Squared Investments, aims to fund at least 50 technology-driven startups. The fund seeks to address a gap in South Africa’s venture capital landscape, which has historically favored later-stage investments. By focusing on seed capital, it will help budding entrepreneurs transition their ideas into viable
Vista Equity Partners, led by billionaire Robert F. Smith, is partnering with Blackstone to acquire Smartsheet, the popular enterprise work management platform. The all-cash deal values Smartsheet at approximately $8.4 billion, marking one of the largest recent acquisitions in the software space. Under the terms of the agreement, the two firms will pay $56.50 per share, a 41% premium to Smartsheet’s 90-day average stock price. Smartsheet’s Continued Growth With New Partners Smartsheet has been a key player in the enterprise work management sector, serving millions of users, including 85% of
The UK government has launched an initiative to strengthen science, technology, and innovation systems across West Africa, with a new £1.9 million ($2.5 million) funding package. The initiative, named Sankore, was announced by Lord Collins, UK Minister for Africa, at a press conference in Accra. This project is part of the West Africa Research and Innovation Hub (WARIH), designed to support economic growth in the region by driving innovation and strengthening digital services. Focus on Ghana and Nigeria The Sankore project will primarily focus on Ghana and Nigeria, two of
This article is sponsored by Morgan Stanley Inclusive Ventures Lab The Morgan Stanley Inclusive Ventures Lab (MSIVL) is proving that inclusion really does fuel innovation. Since 2017, Morgan Stanley’s in-house startup accelerator has helped over 100 companies raise over $200 million and reach a collective valuation of more than $1 billion. MSIVL provides early-stage technology and technology-enabled startups with $250,000, handpicked mentors, custom curriculums in finance, sales, and marketing, and a coveted opportunity to pitch to investors following their five-month accelerator participation on a Demo Day, setting founders up for
Uncap has launched Unconventional Capital, a new €30 million (USD 33.4 million) fund to provide early-stage African small and medium-sized enterprises (SMEs) with alternative financing. Backed by major institutions like the Bill & Melinda Gates Foundation and the Bayer Foundation, the fund will focus on high-impact sectors such as agriculture, climate resilience, and financial inclusion, driving economic development across Africa. A New Approach to Financing Based in Munich and Nairobi, Uncap has been working to close the capital gap for African businesses since 2019, using a remote, data-driven approach. The
In this episode of Techish Podcast, Abadesi and Michael discuss Ticketmaster is corrupt Finding balance as a content creator Serena Williams investments – 14 out of 60 are now unicorns Founder Mode and more! Listen to the episode You can find the Techish podcast on Spotify, Apple, and all good podcast apps. Watch On YouTube
Myles Garrett, the Cleveland Browns’ defensive end, is investing in Johnson Energy Storage (JES), a company founded by former NASA scientist and National Inventors Hall of Fame inductee Dr. Lonnie Johnson. JES focuses on developing energy storage solutions, particularly a solid-state battery designed to outperform traditional lithium-ion technology. Garrett’s unexpected move into the tech world is driven by a shared vision with JES to innovate and make a long-lasting impact on environmental sustainability. “It’s a privilege to partner with Johnson Energy Storage to support their mission of transforming energy storage,”
Slauson & Co, an early stage venture capital firm rooted in economic inclusion, has announced the close of its $100 million Fund II. The fund is significant increase from its previous $75 million fund and signals continued investor appetite for inclusive venture capital despite economic challenges. Focus on Representation and Inclusion Founded by Ajay Relan and Austin Clements in 2020, Slauson & Co. has always championed diversity, backing early-stage companies across sectors such as SaaS and consumer technology. “We invest in everybody,” Relan told TechCrunch, adding that the firm wants
