No shocker here. Oprah Winfrey is the highest paid African-American, taking home a cool $260 million last year, according to Forbes.com. Plus, she’s the only Black female billionaire. An ardent businesswoman, she prefers to stay on top of her brand, which includes “The Oprah Winfrey Show,” “Oprah & Friends” on XM Satellite Radio, O, The Oprah Magazine, and her newly acquired television station, the OWN Network. She wouldn’t be where she is if it weren’t for her ability to maintain a vested interest in all aspects of her business.
Multimillion Dollar Lesson: Be about your business. Know where your money is going, sign all of your checks and open all of your own mail. Simple advice that will keep you away from ill-fated surprises and avoidable mistakes.