Archive for the ‘Business’ Category

Tyler Perry – the Half a Billion Dollar Man

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Half a Billion Dollar Man

Tyler Perry is not just the black man that you’ve seen put on a dress for laughs, he is actually a Hollywood mogul. The filmmaker, writer and director has surpassed many of his caucasion peers when it comes to cashing in at the box office. According to Forbes, Perry is now worth nearly half a billion dollars.

Born in 1969 in New Orleans, Perry is more successful than nearly every other director in Hollywood. He is the only filmmaker in history to have five films open #1 at the box office in the last five years. This puts him ahead of Steven Spielberg, Martin Scorcese, James Cameron and many other big names in Hollywood.

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The Billion Dollar Man – Patrice Motsepe of South Africa

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THIS SOUTH AFRICAN BILLIONAIRE PLANS TO GIVE HALF OF HIS MONEY TO CHARITY

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.

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Change Your Mind and You Change Everything

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Change Your Mind and You Change Everything

Throughout my career, I have interviewed many blacks who have created healthy financial lives and many who have not. A major difference in the two groups is how they view money and how they view themselves.

A common view, but look at two responses to this.

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Kanye West speaks about the Fashion Industry

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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.

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Who is the wealthiest black women of them all?

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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.

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Ethiopian shoemaker takes great strides

ethiopian shoe maker

Eight years ago Ethiopia’s Bethlehem Tilahun Alemu decided to sell cool colourful shoes made of recycled materials, including car tyres.

The company which she started, SoleRebels, would soon become the planet’s first fair trade green footwear firm – certified by the World Fair Trade Organization (WFTO) – and is now one of Ethiopia’s most thriving businesses.

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Nigerian music producer on the advantages of being blind

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Nigeria’s Cobhams Asuquo is one of his country’s leading music producers and has helped propel to stardom singers like Asa, whose 2007 debut album became an international hit.

In addition to producing the album, he wrote and co-wrote several of its songs.  Blind from birth, he says he always had a keen ear for music and would coax a tune from anything he could get his hands on.

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The Ghanaian woman who made millions fighting skin-bleaching

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Ghana’s Grace Amey-Obeng, one of West Africa’s most successful businesswomen, made her fortune promoting products which emphasised the beauty of the black skin, at a time when many of her competitors were selling dangerous skin-bleaching formulas.

The business empire she started a quarter of a century ago with around $100 (£63) now has an annual turnover of between $8m and $10m.

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A Malawian fashion designer’s colourful dreams

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Malawi’s Lilly Alfonso dreams about her future in colours as vibrant as those of the clothes she makes.

New York, London, Milan and Cape Town are some of the cities that come to her mind when asked where she would like to see her designs 10 years from now.

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Zambian open window gave restaurant lift-off

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Sylvia Banda is one of Zambia’s most enthusiastic champions of local food and has been using her business, Sylva Professional Catering, to promote her cause.

By purchasing her ingredients from regional, small-scale farmers, she showcases the country’s bounty to the upscale clientele who employ her catering services.

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