Oprah's 2020 Favorite Things list featured 52 Black-owned products out of 72 total. The video celebrates Black wealth through figures like Jay-Z ($1.4 billion net worth), LeBron James, David Stewart (Worldwide Technology, $11 billion sales), and Robert Smith (Vista Equity Partners, $86 billion assets), framing their success as Black economic empowerment.
Oprah Winfrey has always believed in Black-owned and Black-led businesses. In her 2020 Favorite Things list, Oprah Winfrey recognized and promoted 72 products and businesses. 52 of the 72 businesses she recognized and promoted were Black-owned or Black-led businesses.
It's the spirit of gratitude that has inspired our 2020 Favorite Things list, and this year we're celebrating Black-owned businesses and the people behind them. I think it's such a cool idea.
I'm so grateful.
And to support more Black-owned businesses all year round.
Jay-Z has invested in everything from clothing to sports to alcoholic beverages, in industries like music streaming, sports management. When you tally up his vast business success, merchandise, and endorsements, Jay-Z is worth a lot of cheese, a lot of Black cheese, $1.4 billion. LeBron James is not too far behind. He has invested in supported projects that serve the public interest, especially in African American communities. He's joined an expanding movement of investors and philanthropists around the country who support and seek to maximize the Black cheese, Black socioeconomics, Black entrepreneurship. That's what it's all about. David Stewart, may not have heard his name, not as popular as LeBron, Oprah, or Jay-Z, but David Stewart founded Worldwide Technology, made his money in the IT services industry. His company generated over $11 billion in sales. He's the chairman and the majority stakeholder in this company. That's a lot of black cheese.
Robert Smith built his multi-billion dollar fortune running his private equity firm Vista Equity Partners. Vista is one of the most successful private equity firms in the nation with over $86 billion in assets.
And that's it. That's the black cheese. Call it what you want, right? Call it cheese, call it cheddar, call it bank, call it Benjamins, call it wealth, or just call it money. The Black Cheese is all about understanding and maximizing the power of Black economics and Black entrepreneurship. Oprah and LeBron and David Stewart and Smith and Jaden—
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