Wealth

Wealth

How a lifelong dream became $500 million in sales for Kirk J. Lewis

Some enterprising African-Americans are at the forefront of the tier 1 automotive supplier industry but this fact does not often make the news. The $100 billion US car and auto manufacturing market that employs over…

By Preta Peace Namasaba February 7, 2024
Wealth

Here are five ways to build a business and wealth like the $2 billion Bridgewater family did

In 2017, Ronald Hall, Jr. succeeded his father Ronald Hall, Sr. as President and CEO of Bridgewater Interiors. With an annual revenue of over $2 billion, Bridgewater Interiors is one of America’s largest Black-led companies.…

By Preta Peace Namasaba January 9, 2024
Racial wealth gap
Wealth

Top 5 high-growth industries that can help close the racial wealth gap

The wealth gap between African-American families and white families it is not only a blow to the Black people but is also effectively a negative for the American economy. And as a report by consultancy…

By Solomon Mensah January 2, 2024
Business

Meet Mark Mason, the highest-paid finance chief in the U.S.

Mark Mason is the Chief Financial Officer of Citigroup and a member of Citi’s Executive Management Team. He is in charge of the company’s financial management, and leads Citi’s Expense Management and Citi Ventures initiatives.…

By Preta Peace Namasaba December 28, 2023

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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