Influential Black moguls are making a mark on luxury real estate, from expansive Los Angeles mansions to iconic East Coast landmarks. Their high-profile property deals show not only their wealth, but also a growing shift in ownership and legacy in the industry.
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Here’s a look at who dominated the market in 2025.
Jay-Z & Beyoncé
Music moguls Beyoncé and Jay-Z have quietly built an empire that includes the world’s largest real estate portfolio, according to Parade. With seven homes coast to coast, the Carters recently took out a $57 million mortgage on the 30,000 square foot $88 million Bel-Air mansion they purchased in 2017. The move may be a strategy to keep capital liquid, as the couple is rumored to be preparing a cash offer on a $100 million Manhattan penthouse. They already have homes in Malibu, Bel Air, the Hamptons, New Orleans, Miami and Tribeca.
Tyler Perry
In November, Tyler Perry’s Chattahoochee Hills, Ga., property sold for $2,453,500 after more than a year on the market, according to WSB-TV Atlanta. Spanning 16,000 square feet, the estate was the filming location for “Diary of a Mad Black Woman,” as well as “Honk for Jesus” and “Save Your Soul,” according to the outlet. The home was initially listed for $3.9 million in October 2024.
A$AP Rocky & Rihanna
Earlier this year, A$AP Rocky, whose real name is Rakim Mayers, sold his Los Angeles home for $3.95 million. According to realtor.com, the sale occurred just days before his partner Rihanna revealed her pregnancy at the 2025 Met Gala. The 37-year-old bought the property in 2015 for $3.05 million.
Byron Allen
Billionaire media tycoon Byron Allen has cornered the media and luxury estate markets this year, with the sale of his full-floor apartment at 220 Central Park South marking New York City’s largest residential sale of 2025. The luxury apartment sold for $82.5 million and is in Manhattan’s famed Billionaires’ Row, known for views of Central Park and record-setting sales. Allen, the founder, chairman, and chief executive of Allen Media Group (AMG) — which owns The Weather Channel —bought the five-bedroom, seven-bathroom residence in 2023 for $75 million, according to the New York Post.
Sheila Johnson & Salamander Washington, DC
Former BET co-founder Sheila Johnson has been working to bring urban luxury to the hospitality industry. In 2025, she took her Salamander Collection to Washington, D.C.’s Southwest waterfront, renovating the Mandarin Oriental with a $35 million investment. The location boasts fully renovated rooms, spacious suites, a two-story spa and an Afro-Caribbean restaurant named Dōgon by Chef Kwame Onwuachi. With her flagship Salamander Resort in Middleburg, Virginia, Johnson became America’s first Black woman billionaire after selling BET to Viacom for $3 million in 2001.
The Weeknd
In October, the four-time Grammy Award-winning singer The Weeknd, whose real name is Abel Tesfaye, closed a $54.9 million deal on a Coral Gables, Fla., mansion. His 18,000-square-foot estate has eight bedrooms, nine full bathrooms and several half-bathrooms. With panoramic views of Biscayne Bay and a gym, the peninsula property boasts a private dock that can accommodate a “200-foot superyacht,” according to realtor.com.
Oprah Winfrey
This year, Oprah Winfrey sold a four-acre section of her Montecito “Promised Land” estate for $17.27 million, more than doubling the $6.85 million she paid for the property in 2019 when she purchased it from actor Jeff Bridges. Adam Levine and Behati Prinsloo purchased the Spanish–style estate, which includes a 3,500-square-foot main dwelling with two bedrooms and four bathrooms, a guesthouse, an orchard and a spa. Winfrey still owns the bulk of her main 60-acre Montecito estate, as well as other luxury properties in Hawaii and Colorado.
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