Archive for the ‘World Black Economics’ 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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RACE AND POVERTY, FIFTY YEARS AFTER THE MARCH with MLK

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RACE AND POVERTY, FIFTY YEARS AFTER THE MARCH.  What Has Changed?

POSTED BY Vauhini Vara. AUGUST 27, 2013
When we talk about the historic civil-rights gathering whose fifty-year anniversary will be celebrated on Wednesday, we usually call it the March on Washington. In fact, the full name of the event was the March on Washington for Jobs and Freedom; early in his speech, Martin Luther King, Jr., lamented that black Americans lived “on a lonely island of poverty in the midst of a vast ocean of material prosperity.” The marchers had ten demands for Congress, at least four of which were aimed at improving black people’s financial circumstances and narrowing the gulf between black and white Americans’ economic opportunities.Fifty years later, that gulf hasn’t changed much. By some measures it has widened.

High black poverty a shame in the U.S. of A.

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Regional Insights: High black poverty a shame
By Harold D. Miller

The Pittsburgh region has received many accolades over the past year for its high quality of life and the resilience of its economy. But our community also is No. 1 in the nation on an issue that should be a source of shame, not pride.
According to the U.S. Census Bureau, the Pittsburgh region has the highest rate of poverty among working-age African-Americans of any of the 40 largest metropolitan regions in the country. More than one-quarter (28 percent) of the region’s African-Americans ages 18 to 64 lived in poverty in 2008. That’s twice as high as in regions such as Baltimore and Charlotte, N.C.

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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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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.

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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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Government Breaks Ground On ADOMS Headquarters

department antigua

On Tuesday Government broke ground for the headquarters of the Antigua and Barbuda Department of Marine Services and Merchant Shipping (ADOMS) on Factory road.

The state of the art, 34,000 square foot building will rely on energy efficiency and green technology, including solar power during the construction phase, so that 30 to 50 percent of its daytime energy needs will be met through green technology.

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

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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.

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Ethiopian shoemaker takes great strides

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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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