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Monday, February 12, 2018

Rappers Jay-Z, Nas and Snoop Invest In Free Cryptocurrency & Stock-Trading App

Nas, Jay-Z, and Snoop Dogg

What do Jay-Z, Nasir Jones (also known as Nas), and Snoop Dogg have in common? Aside from being Black Americans, being successful music stars, and having big bank accounts, they are co-investors in the free stock trading app called Robinhood.

Monday, February 5, 2018

6 Well-Known Companies That You Probably Didn't Know Have Black CEOs

Black CEOs of Fortunte 500 companies
(left to right) Kenneth C. Frazier, CEO of Merck; Jo Ann Jenkins, CEO of AARP; Marc Allen, President of Boeing International; and Arnold Donald, CEO of Carnival Cruises

50 years ago, it was unthinkable for an African American to be the CEO of a major Fortune 500 company. But nowadays, thanks to several diversity initiatives, there are quite a few Black CEOs that run major, well-known companies. Here are just just a few:

Facebook and Airbnb Add Some Color to Their Board of Directors

Kenneth Chenault

Kenneth Chenault, the outgoing chief executive of American Express, is joining the board of directors at Facebook and Airbnb. Chenault is making history as he is the first black American to be a board member of both large companies.

Tuesday, January 30, 2018

Getting His Cut -- Black Tech Entrepreneur Creates Device That Automatically Gets Your Lawn Mowed



Wilkinson Egwu, a Black tech entrepreneur based in Woodstock, Georgia, has created an innovative way to automate professional lawn care! LawnTap, the startup company he co-founded, has developed a device and an app that enables your lawn to take care of itself (yep, literally).

Thursday, January 25, 2018

How Rapper 50 Cent Made Millions of Dollars from Bitcoin

50 Cent has earned millions from Bitcoin

The fluctuating and declining rates of bitcoin may be really frustrating for those who just recently invested. But rapper 50 Cent is already reaping the fruits of his early bitcoin investments. From $400,000 in 2014, now he is reportedly sitting on a whopping $7 to $8.5 million cash from bitcoins.

Friday, January 19, 2018

Mike Tyson to Cash in on the Medical Marijuana Industry -- Plans to Build a 40-Acre Resort!

Mike Tyson

Mike Tyson has broken grounds for his new venture, Tyson Ranch, a multi-purpose farm resort in Southern California. But he will not be raising cattle or crops. Rather, he will be entering the marijuana market and produce high-quality strains of THC and CBD.

Tuesday, January 16, 2018

Meet the Black Woman Entrepreneur Who Created the First Ever Ride-Sharing App For People With Health Problems and Disabilities

Janese Jean, founder of Safetrip Co App

Ja'Nese Jean, a known international opera singer, is more than just a beautiful, fascinating voice. Jean, also a tech entrepreneur, recently launched the newest ride-sharing app specifically made for people with health problems and disabilities.

Tuesday, January 9, 2018

Revolutionary Black-Owned Swimming Cap Brand Fits Women With Braids, Locks, and Afros

Nomvuya Treffers, creator of Swimma Caps

Do you have braids, locks, weaves, or an all-natural afro? Have you ever been frustrated finding a swimming cap that would perfectly cover your hair, that is not too tight and damaging? Fret not! Nomvuyo Treffers, a woman entrepreneur from South Africa, has innovated a swimming cap design specifically made for Black women's hair.

Thursday, January 4, 2018

Deal Re-Establishes ESSENCE as a 100% Black-Owned Independent Company

Essence Festival

Essence Ventures LLC, an independent African-American owned company focused on merging content, community and commerce, has announced its acquisition of multi-platform media company Essence Communications Inc. from Time Inc. ESSENCE President Michelle Ebanks will continue at the helm of the company and will also join its board of directors. In addition, the all Black female executive team of ESSENCE, including Ebanks, will have an equity stake in the business.

Black Teen Creates Subscription Box Service to Promote Reading for Girls

Journi Prewitt, creator of Black Beautiful Butterfly

Journi Prewitt, a 17-year-old entrepreneur, came up with an awesome idea to encourage black girls to read. Her project called Black Butterfly Beautiful aims to inspire girls not just to read, but also to "spread their wings and fly" like a butterfly.

Tuesday, January 2, 2018

Meet the 29-Year Old Entrepreneur Who Spike Lee Wants to Work With

Chad Sanders and Spike Lee

Chad Sanders, a 29-year old tech entrepreneur and rising star, is partnering up with Spike Lee for a new TV series inspired by no other than himself. The series entitled Archer is a sociological thriller with a pinch of dark comedy that revolves around the life of a character described as a "young black Zuckerberg."

Thursday, December 21, 2017

Charles Barkley Pledges $1 Million For Black Women-Owned Startups, But Says "No Hair Salons!"

Charles Barkley

Former NBA player and ESPN sports commentator Charles Barkley has pledged $1 million in funding to help Black women in Alabama to start a business. He said his pledge was part of a thank you to Black women for their support of Doug Jones, the Democratic Senate candidate who pulled off a major upset against Republican Roy Moore.

Tuesday, December 19, 2017

Entrepreneur Develops App to Help Incarcerated Blacks Get Bail Relief


Kortney Ziegler, an entrepreneur and a techie from California, came up with a genius idea to help provide bail money for Black people who are incarcerated. The new app, called Appolition, allows you to automatically give your spare change from everyday purchases to help Black men and women who have been charged with misdemeanors and are awaiting trial.

Is 50 Cent the New Tyler Perry? -- His New "Power" Deal with Starz Has Him Producing 3 TV Shows!


Starz has announced its commitment to Curtis “50 Cent” Jackson by extending his existing exclusive premium overall deal into September 2019. Jackson, an executive producer for the hit series “Power,” will continue to develop new projects for the network with G-Unit Film & Television, Inc., the production company launched by Jackson.

Tuesday, December 12, 2017

Entrepreneur Scores $50 Million in Funding For Robotic Pizza Delivery Service That Bakes Your Order While En Route to Your House

Julia Collins, founder of Zume Pizza

Julia Collins, the co-founder and CEO of Zume Pizza, and her partner Alex Garden, have just scored a $50 million investment for their innovative company which uses robots to make ready-to-order healthy pizzas. Her company is being called the "perfect marriage of food and technology" and "a seamless blend of art and science" for the $25 billion pizza industry.

Monday, December 11, 2017

Photo of Talented Black Entrepreneur Seen Knitting on an NYC Subway Train Goes Viral -- Now His Business is Booming!

Louis Boria, founder of Brooklyn Boy Knits

An African-American man was recently spotted knitting on an NYC subway train. Seeing this was so impressive and unusual that one woman took a photo of him and shared it on social media. It turns out that the man was Louis Boria, founder of Brooklyn Boy Knits. His story has since gone viral, and his sales have exploded.

Tuesday, December 5, 2017

Oprah Signs New $70 Million Deal With Discovery Networks -- Will Continue as CEO of OWN Until 2025

Oprah Winfrey, founder of OWN

Discovery Communications has completed an agreement with Oprah Winfrey’s Harpo, Inc. to increase its ownership stake in its successful OWN: Oprah Winfrey Network joint venture.

Monday, December 4, 2017

35 Amazing Black-Owned Restaurants You Should Have Tried By Now

Black-owned restaurant in New York City

There are thousands of Black-owned restaurants across the country. Some of them serve soul food, while others serve barbecue. And others are just diners or cafes. What ever the case, these restaurants are historic and are known to help their local communities thrive.

Thursday, November 30, 2017

5 Black-Owned Companies You've Never Heard of That Make $500 Million or More A Year

Black-Owned Business Owner

There are more than 2 million businesses in the United States that are owned by African Americans, but most are small operations with very few employees. However, there are many Black-owned businesses that employ hundreds or thousands of people, and generate annual revenues of $100 million or more - some even generate billions.

Tuesday, November 28, 2017

Lavar Ball is Not "An Ungrateful Fool" -- He's a Business Mastermind Worth Millions!

Lavar Ball, founder of Big Baller Brand

President Trump tweeted that Lavar Ball is "an ungrateful fool" after he refused to thank him for helping to release his son from prison in China, and initially a lot of people agreed. But now, more and more people are starting to see how clever Lavar is.

Friday, November 24, 2017

25 Black-Owned Businesses to Support on Black Friday and Cyber Monday

Founders of Black-owned businesses
(left to right) Silas Adekunle, founder of Reach Robotics; Mahisha Dillinger, founder of CURLS, LLC; Aminah Abdul Jillil, founder of her own self-titled shoe collection; and Reben Canada, founder of Jin+Ja drinks

Every year, Americans spend billions of dollars on Black Friday and Cyber Monday, but very little of this sales revenue goes to Black and minority-owned businesses. In fact, according to federal statistics, Black-owned businesses continue to grow in numbers, but their annual revenues and number of employees continue to lag.

Monday, November 20, 2017

Meet the Black Entrepreneur Who Raised $7 Million For His Robots -- and Just Signed a Major Deal With Apple!

Silas Adekunle, CEO and founder of Reach Robotics
Silas Adekunle, CEO and founder of Reach Robotics

Silas Adekunle is the CEO and founder of Reach Robotics, a very innovative company that uses robots to intertwine gaming with education for Science, Technology, Engineering and Math (STEM). He has raised more than $7 million to fund his invention, and just recently he signed a major deal to sell his gaming robots in all 360+ Apple stores around the world.

Monday, November 13, 2017

Former DJ-Turned-Entrepreneur Finds Success With Her Homemade Peanut Butter and Jams (Music Jams, That is!)

Megan Gibson, founder of PB&Jams
Megan Gibson, founder of PB&Jams

PB&Jams is a Black-owned company in West Philadelphia, Pennsylvania whose founder, Megan Gibson, took an American favorite -- peanut butter -- and grew the idea into a successful business. Her business specializes producing many different kinds of nut butters that are inspired by her favorite music jams.

Monday, November 6, 2017

Team of Black Inventors Create Smart Jacket That Diagnoses Disease in Toddlers That Doctors Often Miss

Founders of Mama-Ope - a biomedical smart jacket

A team of Ugandan innovators have created Mama-Ope - a biomedical smart jacket that rapidly increases the accuracy and speed of diagnosing pneumonia. Pneumonia is an illness in Uganda that takes the lives of many people (especially children) every year because it is commonly misdiagnosed with malaria, asthma and tuberculosis, and therefore mistreated.

Friday, November 3, 2017

Get in Shape With These 7 Black-Owned Fitness Companies

Black couple jogging

When it comes to supporting black-owned businesses, we often think of all the retail industries, restaurants, hair care, financial services and other types of industries that are owned by blacks. But there are other industries to also keep in mind, like fitness centers.

Tuesday, October 31, 2017

Young Black Entrepreneur Finds Success Making Affordable Wheelchairs

Daniel Habanabakize, young entrepreneur from Rwanda

Daniel Habanabakize, a 24-year old entrepreneur from Rwanda, has found success making affordable high-quality wheelchairs that he sells to the locals in his community. Typically, wheelchairs are imported into the country and thus expensive, but Daniel has found a cost-effective way to make them using metals and other materials that he buys locally.

Friday, October 27, 2017

Colin Kaepernick Has Reportedly Signed a $1 Million Book Deal -- And He's Selling His Own Line of Merchandise Online

Colin Kaepernick

NFL quarterback turned civil rights activist, Colin Kaepernick, is not playing professional football right now, but he has found another way to generate revenue. He reportedly has been offered $1 million by one of Random House's imprints, One World, to publish a book.

Wednesday, October 25, 2017

Entrepreneur Crushes the "Angry Black Woman" Stereotype With Her Smiling, Happy Products

Daveia Odoi, founder of The DynaSmiles by DNT
Daveia Odoi, founder of The DynaSmiles by DNT

Daveia Odoi is the creator of “The DynaSmiles by DNT,” an original collection of happy art sold in the US, UK and Ghana that has been highlighted by Essence, Black Enterprise, and BET. Her work places happy, smiling Black women on various products including journals, cosmetic bags, laptop covers, smartphone cases, and more.

Monday, October 23, 2017

Black Woman-Owned Beauty Brand Raises $1 Million in Funding Despite Major Industry Competition and Saturation

Founders of Mented Cosmetics
K.J. Miller and Amanda E. Johnson, founders of Mented Cosmetics

The beauty industry is very competitive, and already saturated with hundreds of companies that offer various makeup products. Despite this, however, two Black female Harvard Business School grads were able to launch their own beauty brand for women of color called Mented Cosmetics. Even more, they have already managed to raise $1 million in capital for their business.

Tuesday, October 17, 2017

Derek Jeter Becomes the First Black CEO of a Major League Baseball Team -- Says He's Fine With His Players Kneeling


A group headed by 14-time MLB All-Star Derek Jeter and Florida businessman Bruce Sherman has completed its purchase of the Miami Marlins, a Major League Baseball team. Jeter, now a co-owner of the team, has also been named the team's first ever Black CEO.



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