a right, immunity, or benefit enjoyed only by a person beyond the advantages of most: the privileges of the very rich.
a special right, immunity, or exemption granted to persons in authority or office to free them from certain obligations or liabilities: the privilege of a senator to speak in Congress without danger of a libel suit.
a grant to an individual, corporation, etc., of a special right or immunity, under certain conditions.
the principle or condition of enjoying special rights or immunities.
any of the rights common to all citizens under a modern constitutional government: We enjoy the privileges of a free people.
Looking at the constitution, AA and BEE, I'd say white privilege is something of the past.