Wealth

Wealth

With a combined wealth of over $7.3 billion, here are the wealthiest Black women in America (2023)

The 2023 Forbes Ranking of the 100 Wealthiest Self-Made American Women Celebrates Exceptional Female CEOs, Entrepreneurs, and Wealth Creators from Diverse Sectors of the Global Economy “These 100 entrepreneurs, executives and entertainers made their fortunes…

By Oji Ben Ebuka October 28, 2023
Wealth

Magic Johnson revitalizes the only remaining Black-founded and owned insurance company in the United States

Former NBA player and businessman Earvin “Magic” Johnson is revitalising Atlanta Life Insurance Company, the only remaining Black-founded and owned insurance company in the United States. Through EquiTrust Life Insurance Company, he has entered into…

By Preta Peace Namasaba October 18, 2023
Oprah Winfrey
Wealth

Here is why Oprah Winfrey, the richest Black woman in America, is not among the Wealthiest Americans In 2023

Forbes, the esteemed business and wealth magazine, has recently released its definitive ranking of the wealthiest Americans in 2023. The list features 400 exceptional entrepreneurs, captains of industries, business moguls, and leading industrialists. Despite experiencing…

By Oji Ben Ebuka October 17, 2023
Wealth

With a net worth of $3 billion, Michael Jordan makes history as the first professional athlete to rank in the definitive list of America’s wealthiest individuals

Renowned NBA icon Michael Jordan has achieved yet another remarkable historic milestone by becoming the inaugural athlete to enter into the esteemed assembly of ultra-wealthy Americans, as revealed in the October publication of ‘The Forbes…

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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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