位于非洲的神秘国家瓦坎达，凭借来自宇宙的振金而成为科技极度发达的国家，不过他们长久封闭，始终对外界保守这个秘密。在前国王死于联合国爆炸袭击后，特查拉王子（查德维克·博斯曼 Chadwick Boseman 饰）继任成为新的国王，同时他也是黑豹的继承者。登基之后，特查拉与前女友娜吉雅（露皮塔·尼永奥 Lupita Nyong'o 饰）、贴身侍卫奥姆烨（丹娜·奎里拉 Danai Gurira 饰）追查曾经盗取振金并杀害瓦坎达人的尤利西斯·克劳（安迪·瑟金斯 Andy Serkis 饰）。一番厮杀后，克劳侥幸逃脱，谁知最终死于合伙人艾瑞克·克尔芒戈（迈克尔·B·乔丹 Michael B. Jordan 饰）之手。艾瑞克同样具有瓦坎达血统，而且当年他的父亲死在了自己的兄弟——特查拉父亲的手中。
怀着莫大的仇恨，艾瑞克踏足瓦坎达，去争夺至高无上的王位……
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