The average American black family is only as wealthy as one-tenth of the average white family and controls less than one percent of the nation’s wealth. In the last few years, many credible publications have chronicled the progress of black families in building generational wealth and also being among the richest in the world.
Whether in entertainment, politics, and business, black families are showing dominance; however, their success stories remain obscure. In this article, we bring to light some of the success stories of Black American families and how they accumulated their worth. The listicle is based on estimates published by platforms like Forbes, Bloomberg, and other verifiable sources.
With rich families in the spotlight, here are seven rich Black American families you probably didn’t know and how they built their net worth.