World’s Richest Black Woman Oprah Winfrey: How She Stays at the Top
World’s richest black woman, Oprah Winfrey has obtained a fantastic record by staying at the top of the list of wealthiest women in the world. Oprah’s story is quite fascinating because journeying to the top can be enthralling, but staying at the top is more difficult and competitive.
Another thing that makes Oprah’s business journey fabulous is how she didn’t allow her poor background to define her dreams. Forbes reports that Oprah’s desire from her early days as her child was to be famous. Oprah didn’t sleep on it till she became the first self-made famous woman in the world today.
But how did Oprah do that? And how has she been able to stay at the top, year after year?
One of Oprah Winfrey’s quotes read, “Create the highest, grandest vision possible for your life because you become what you believe.” This quote summarizes her journey to the top.
Considered as one of the wealthiest women in the world, Oprah’s success and wealth have been linked to the following:
Oprah Winfrey’s Successful Career As A Television Host And Media Mogul
Oprah Winfrey became the first African American female co-anchor of the CBS evening news at the age of 19. She moved from news anchoring to being a reporter and later became the Television host of a morning talk show “People Are Talking.” It was this show that helped Oprah discover her place in the media. In her words, Oprah expressed “I’ve come to believe that each of us has a personal calling that’s as unique as a fingerprint — and that the best way to succeed is to discover what you love and then find a way to offer it to others in the form of service, working hard and also allowing the energy of the universe to lead you. ”
Having discovered her place, she went ahead to begin her talk show, “The Oprah Winfrey Show,” which ran for 25 years and made her a household name. She also started her own production company, Harpo Productions, which produced her talk show as well as other successful programs, including “Dr. Phil” and “Rachael Ray.”
Monetizing The Oprah Winfrey’s Brand
This is another factor that has contributed to Oprah’s wealth. Oprah has leveraged her platform and reputation to start several successful ventures. With an understanding that variety is the spice of life, the media mogul went ahead to introduce her magazine, “O, The Oprah Magazine,” and a satellite radio channel, “Oprah Radio.” Oprah has remained at the top because she has remained in the faces of people through her shows, magazines, and radio channel, which meets the need of every audience.
Oprah Winfrey Film Career
The media mogul has also acted in some movies. A notable role of hers will be the Sofia cast in “The Color Purple.” Following her performance, she was nominated for a Best Supporting Actress Oscar. She also featured as Mrs. Which in “A Wrinkle in Time,” and is the executive producer of “Queen Sugar” and “The Kings of Napa.”
Oprah Winfrey’s Investment In Profitable Ventures
Oprah Winfrey’s investment in the media, food and education is one of the factors that has kept her on top. Some of such investments include a 10% stake in Weight Watchers, which significantly increased her wealth when the company’s stock price rose. Choosing to invest in sectors revolving around her expertise, made her invest in businesses similar to Warner Bros. Discovery, Inc., Comcast Corporation, and Alphabet Inc.
Oprah Winfrey’s Philanthropy
Oprah has also been an active philanthropist. She has used her wealth and resources to support various charitable causes. Her philanthropic efforts are reflected through the activities carried out by her non-profit organization, The Oprah Winfrey Charitable Foundation. Through this foundation, Oprah recently gave out a scholarship designed for high school students. AfroTech also reported that she launched “OWN Your Health” in April 2021, an initiative designed to prioritise the mental health of black women.
Oprah once said, “My idea is to give hope, because where there is no hope, there is no vision, and where there is no vision, people will perish.” Her ability to give hope to individuals, communities, and organizations, has also contributed to keeping her at the top.
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