Archive for the ‘Black Wealth’ Category

The Billion Dollar Man – Patrice Motsepe of South Africa



Patrice Motsepe is worth $2.7 Billion as of March 2014. He is age 52, and made his monthy from mining.
He resides in Johannesburg, South Africa and is married with 3 children.

Raised in a poor rural area, Patrice Motsepe lays claim to two firsts. He is both South Africa’s first black billionaire and in January 2012, he became the first African to sign Bill Gates and Warren Buffet’s Giving Pledge. His publicly traded mining conglomerate, African Rainbow Minerals (ARM) has interests in platinum, nickel, chrome, iron, manganese, coal, copper and gold. He also holds a stake in Sanlam, a publicly traded financial services company. Motsepe trained as a lawyer and became the first black partner at the Bowman Gilfillan law firm in Johannesburg and then started a contracting business doing mine scut work.

Read more »

Kanye West speaks about the Fashion Industry


In a recent interview with Jimmy Kimmel,  (Otober 9th, 2013) Kanye West spoke of difficulties he finds in the fashion industry.  If he is finding it difficult, what hope does the ordinary ambitious person have?

“All he wants to do is make awesome stuff”

“There is no black Guy at the End of the Runway at Paris Fashion Week.

He’s been sitting in Paris Fashion Week for 9 years, and he still cannot break that wall down.

Read more »

Are Rappers truly rich?

Drake how he makes money

How Do Rappers Make Money and REALLY How Much Do They Make?

Certain rappers like to brag about the money they have.  Do rappers really make as much money as they say they do? And if they do, how do rappers make money? Aside from Jay Z, Eminem, Nas, or somebody like Kanye West, I can’t imagine many rappers with as much money as flaunted in the average mainstream rap song.

It is commonly reported that JayZ and P. Diddy are worth in excess of 500 million dollars.

Read more »

Who is the wealthiest black women of them all?


Who is the wealthiest black women in the world?  It might not be whom you think it is.  The Wealthiest black women currently is Folorunsho Alakija, a 61-year-old oil tycoon from Nigeria, is reportedly worth at least $3.3 billion, or $500 million more than Oprah’s $2.7 billion net worth.

Read more »

Antigua and Barbuda is one of the Caribbean’s most prosperous nations

antigua and barbuda

Antigua and Barbuda is one of the Caribbean’s most prosperous nations, thanks to its tourism industry and offshore financial services.

The country’s strength lies in its tropical climate and good beaches, which have made it popular as a stop-off point for US cruise ships and have attracted large investments in infrastructure.

Read more »

Job Gains Made by Black Women


There seems to be one segment of the American population that is making strides in the job market–Black women.

According to the latest numbers from the Bureau of Labor Statistics, since December, Black women have shaved more than 3 percentage points off their unemployment rate, from 13.9 percent to 10.8 percent. That’s the biggest decrease during the last five months for any single demographic group broken down by race, sex, and age. Among the factors for this improvement: education, health care, and retail.

Read more »

Author: Renee Flagler


After she was laid off for the third time, Renee Flagler took her professional fate into her own hands. The marketing executive began to view her lack of employment as a gift of time to pursue her dream of becoming a published author. In less than 30 days, Flagler finished her first published novel, Mountain High, Valley Low(Aspicomm Books 2004). “I’d been looking for the opportunity to pursue my dreams of writing my book and actually view that last lay off as just that—opportunity!” says Flagler.

Read more »

Queen Latifah Expands Her Empire

queen latifah

Queen Latifah has done nearly everything throughout her entertainment career–rapping, singing, acting, and producing. Now she is readying for a new daytime television show. She will launch her first syndicated daytime talk show in the fall of 2013. This will be her second go round–from 1999 to 2001, she hosted “The Queen Latifah Show” on TV.

Read more »

BET Founder Strikes Out into Online Distribution


Robert Johnson, the nation’s first African-American billionaire, has invested in professional basketball teams, real estate, mortgage-backed securities and midsize hotels. Now he is returning to his old stamping grounds: media.

Read more »

Catherine Hughes: Founder of Radio One and Wildly Successful Entrepreneur

catherine hughes

Catherine Hughes is the all-American success story. Through hard work and determination, she overcame severe financial constraints and founded the media company Radio One, Inc, the largest African-American owned and operated broadcast company in the U.S. She later expanded into TV One, a national cable and satellite television network for African American adults. Noting that there are too many negative portrayals of Black women in mainstream media, she says of Radio One and TV One programming, “We’re interested in the positive side of being African American.”

Read more »