African American Wealth - KOLUMN Magazine

Less Than 1% of Hotel Owners Are Black Women. This 34-Year-Old Is Changing the Game | TIME

May 16, 2021May 16, 2021African American Wealth, Black Wealth

— BY, ANNE-LYSE WEALTH Davonne Reaves is not your typical 34-year-old. Last year, Reaves and her former college roommate turned business partner, Jessica Myers, brokered a historic $8.3 million deal to acquire a Hilton hotel. Through this deal, Reaves says they became the youngest Black women to co-own a hotel under a major hotel chain. […]

Businessman Robert F. Smith To Open STEAM Education School In Denver | NewsOne

December 29, 2020December 29, 2020African American Philanthropy

The Robert F. Smith STEAM Academy is slated to open in 2021 — NewsOne Beyond his business acumen billionaire Robert F. Smith is known for his philanthropy and he has been dedicated to empowering the next generation of leaders. His latest effort is focused on leveling the playing field when it comes to STEAM education. According […]

‘Self Made’ Trailer: Octavia Spencer Radiates Strength as C.J. Walker in Netflix Series | IndieWire

February 26, 2020February 26, 2020African American History, African American Wealth ...

Blair Underwood and Tiffany Haddish join the Oscar winner in a lively period piece about a black woman succeeding. [mc4wp_form id=”6042″] After the debacle that was the Oscars all but ignoring black talent this year, audiences are long overdue to see black characters thriving and succeeding onscreen. Like most progressive change in Hollywood these days, […]

Robert F. Smith on becoming the richest black man in America, what companies get wrong about diversity, and what he’s doing to help mint more black billionaires | Business Insider

February 24, 2020February 24, 2020African American Economics

Robert F. Smith is the richest black man in America, and one of only four to currently have a net worth of more than one billion dollars. [mc4wp_form id=”6042″] The son of two Denver-based school teachers, he earned degrees from Cornell University and Columbia Business School before founding Vista Equity Partners, a private equity firm […]

The plunder of black wealth in Chicago, captured in film | The Chicago Reporter

January 9, 2020January 9, 2020African American Economics, African American Wealth

Black families in Chicago lost an estimated $4 billion due to predatory contract buying, a Duke University’s Samuel DuBois Cook Center on Social Equity study found. Artist in residence Bruce Orenstein spoke to surviving victims. [mc4wp_form id=”6042″] In just two short decades — while the post World War II housing boom created the wealth of […]

Making black dollars work for us | The St. Louis American

December 21, 2019December 21, 2019#BuyBlack, African American Commuities ...

All holidays in the U.S. are highly commercialized. Christmas is the most commercialized to the tune of $475 billion, according to National Retail Federation estimates. [mc4wp_form id=”6042″] Lost in those billions is a big portion of the $1 trillion-plus spending power of black folks. Our consumerism rarely comes with demands for accountability and respect. Some […]

Success Comes from Affirming Your Potential | Harvard Business Review

November 20, 2019November 20, 2019African American Economics, African American Professionals ...

When you see how underrepresented African-Americans are in current leadership roles, it can be easy to get discouraged about their prospects for leadership advancement. Despite a rise in the number of black college and university graduates, just 8% of managers and under 4% of CEOs are black. In the Fortune 500 companies there are currently […]

Serena Williams Raises Awareness About Financial Abuse | Black Enterprise

November 5, 2019November 5, 2019African American Economics, African American Wealth

Serena Williams is always taking a positive stance when she is not playing tennis. According to CBS News, Williams is now the national ambassador for the Allstate Foundation Purple Purse program. [mc4wp_form id=”6042″] “A really close friend of mine was going through a situation that wasn’t really healthy for her, wasn’t healthy for her friends, […]

John Legend Wants To Improve Job Opportunities For People With Criminal Backgrounds | Forbes

November 1, 2019November 1, 2019African American Economics, KINDR'D ...

In Washington, D.C., on Thursday, Grammy-winning musician John Legend announced the second cohort of participants in Unlocked Futures, a 14-month accelerator program for social entrepreneurs who have been incarcerated and urged business leaders to be more inclusive of job applicants with criminal backgrounds. [mc4wp_form id=”6042″] Unlocked Futures launched in 2017 as a partnership between the […]

The most important lesson my parents taught me about money as an African American woman | Business Insider

October 28, 2019July 24, 2020African American Culture, African American Economics ...

My experience negotiating restitution for Holocaust survivors has shown me how difficult and divisive a slavery reparations program would be to enact.