Forbes has unveiled its highly anticipated 2025 ranking of the World’s Black Billionaires, featuring 23 trailblazers whose combined wealth totals an impressive $96 billion. The list spans industries from entertainment and sports to technology and manufacturing, spotlighting global icons like Oprah Winfrey, Rihanna, Jay-Z, and LeBron James.
But this year, a new name is capturing attention: Dr. Herriot Tabuteau, the Haitian-American founder of Axsome Therapeutics, who makes his debut at #21 with an estimated net worth of $1.1 billion.
A Billion-Dollar Vision in Mental Health Innovation
Dr. Tabuteau’s rise is a testament to the transformative power of pharmaceutical innovation. As the founder, CEO, and chairman of Axsome Therapeutics, he has dedicated his career to tackling unmet needs in mental health and neurological disorders. The New York-based company has pioneered treatments for conditions such as major depressive disorder, migraine, and agitation linked to Alzheimer’s disease.
Since its founding in 2012, Axsome has experienced rapid growth, going public on Nasdaq (AXSM) and earning FDA approval for breakthrough drugs like Auvelity (for major depressive disorder) and Sunosi (for narcolepsy).
From Haiti to the Global Stage
Born in Haiti before immigrating to the United States, Dr. Tabuteau’s story is one of resilience, perseverance, and excellence. He earned his medical degree from Yale University, later combining his expertise in medicine with experience in finance and healthcare investment. His career path eventually led him to entrepreneurship, where he now stands as both a physician-scientist and business leader.
Tabuteau’s name appears on numerous patents, reflecting his hands-on role in drug development beyond boardroom leadership. His success marks a historic moment, as he becomes the first Haitian-born individual to appear on Forbes’ global billionaire ranking—a powerful inspiration for the Haitian diaspora and communities around the world.
A Legacy in the Making
Dr. Tabuteau’s estimated $1.1 billion fortune stems largely from his significant stake in Axsome Therapeutics, a company in which he continues to demonstrate strong long-term confidence by holding onto his shares.
His recognition on the Forbes list not only cements his place among the world’s most successful Black entrepreneurs but also highlights the global impact of Haitian talent and innovation.
