Wealth

News

This Black family owns all the McDonald’s in Compton City

Over three decades ago, Patricia Williams began working with the McDonald’s franchise to build a legacy for her children. She never assumed that they would want to work for or even take over the business…

By Preta Peace Namasaba May 14, 2024
Wealth

Economic empowerment: How Troy Smith is providing millions of dollars in alternative financing for Black wealth ambitions

Troy Smith, the founder and CEO of G1 Commercial Mortgage believes that economic empowerment is the saving grace for African-Americans. He posits that to take control of wealth, Black people need to control the economic…

By Preta Peace Namasaba April 12, 2024
Wealth

‘I learned to make money while I slept’: Don Barden built a $500 million business starting with $500 in savings

Don Barden‘s rise to the top is a true grass-to-grace story. Beginning with a record label and newspaper, he developed the largest Black cable television operator. Barden was the first African-American to own a casino…

By Preta Peace Namasaba March 17, 2024
Wealth

This Black owned real estate firm is closing the wealth gap through a billion dollar home ownership strategy

While the top 10% of residents in America own 76% of the nation’s wealth, the bottom 50% own just 1%. African-Americans and other minorities have less than seven times the average wealth of their white…

By Preta Peace Namasaba March 13, 2024

More in Wealth

News

This Black family owns all the McDonald’s in Compton City

Over three decades ago, Patricia Williams began working with the McDonald’s franchise to build a legacy for her children. She never assumed that they would want to work for or even take over the business…

By Preta Peace Namasaba May 14, 2024
Wealth

Economic empowerment: How Troy Smith is providing millions of dollars in alternative financing for Black wealth ambitions

Troy Smith, the founder and CEO of G1 Commercial Mortgage believes that economic empowerment is the saving grace for African-Americans. He posits that to take control of wealth, Black people need to control the economic…

By Preta Peace Namasaba April 12, 2024
Wealth

‘I learned to make money while I slept’: Don Barden built a $500 million business starting with $500 in savings

Don Barden‘s rise to the top is a true grass-to-grace story. Beginning with a record label and newspaper, he developed the largest Black cable television operator. Barden was the first African-American to own a casino…

By Preta Peace Namasaba March 17, 2024
Wealth

This Black owned real estate firm is closing the wealth gap through a billion dollar home ownership strategy

While the top 10% of residents in America own 76% of the nation’s wealth, the bottom 50% own just 1%. African-Americans and other minorities have less than seven times the average wealth of their white…

By Preta Peace Namasaba March 13, 2024
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