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Thursday, July 19, 2018

Magic Johnson Explains How He Brokered the $154 Million Deal With Lebron James

Magic Johnson and Lebron James

During a recent appearance on Jimmy Kimmel Live, NBA legend Earvin "Magic Johnson" explained in detail how he brokered the $154 million dollar deal for Lebron James to come and play for the Los Angeles Lakers.

This Self-Made Black Entrepreneur's Makeup Brand is Now Worth $1 Billion -- But You Won't Read That in Forbes Magazine!

Pat McGrath, founder of Pat McGrath Labs

Pat McGrath Labs, a Black-owned makeup brand launched by make up artist Pat McGrath, has just recently reached a whopping $1 billion estimated valuation. The brand has officially surpassed the $900 million estimated worth of Kylie Cosmetics owned by Kylie Jenner who was featured on the August 2018 cover of Forbes Magazine and controversially referred to as a "self-made" billionaire.

Monday, July 16, 2018

Meet the Youngest Black Woman to Ever Own a McDonald’s Franchise

Jade Colin, youngest Black owner of McDonald's franchise

28-year old Jade Colin from New Orleans has made history as the youngest Black woman to ever become a McDonald's franchise owner. While in college, she started her career as an employee working the night shift at a local McDonald's, and after years of earning promotions and awards, she decided to purchase her very own franchise.

Thursday, July 12, 2018

Meet the 4 Black Teens Who Created a Generator That Uses Urine As Fuel

Back in 2012, four teenage girls from Africa, who were just 14 and 15-year olds at that time, invented a generator that is powered by what seems to be an unlikely source of electricity: urine. Their invention was highlighted by Maker Faire Africa which supports Afrigadget-type innovations, inventions and initiatives.

Sunday, July 8, 2018

Black Family-Owned Business Launches Their Gluten-Free, All-Natural Fish Fry on "Good Morning America"... and It Was an Instant Hit!

Black family founders of Joe's Gourmet Fish Fry
Some of the family members during a recent appearance at the ESSENCE Music Festival

Joseph and Maranda Dowell are the genius entrepreneurs behind the popular Atlanta-based Black family-owned business that sells a very tasty and golden light fish fry! Their product, a seafood breaded mix called Joe's Gourmet Fish Fry, is available in two styles - one is made with wheat flour, and the other is available as a gluten-free mix made with yellow corn flour. With either option, all you have to do to make your seafood amazing... is just dip and fry!

Friday, July 6, 2018

Black-Owned Bottled Water Brand Makes History as the First to Be Sold in Walmart

Dr. Shayla Creer, co-founder of Live Alkaline Water, the first Black-owned brand to be sold by Walmart
Dr. Shayla Creer, co-founder of Live Alkaline Water
For the first time in history, Walmart is selling a Black-owned bottled water brand on its shelves. It's called Live Alkaline Water, and it is 100% natural alkaline water that is bottled at the source from a natural underground spring, an aquifer, and a mineral rock bed that lies 800 feet below the ground.

Thursday, June 28, 2018

Rapper Akon is Building the First Ever Black-Owned Futuristic City With Its Own Cryptocurrency Called Akoin

Akon, artist, philanthropist and founder of Akoin crypto currency

Grammy-nominated, multi-platinum selling artist and philanthropist Akon is building a first of its kind 100% crypto-based city in Senegal, West Africa, and the only form of trade that will be used is his own digital cash currency called AKoin. The futuristic city will be built on a 2,000-acre land gifted to him by Senegal's President Macky Sall, located just 5-minutes away from the country's new international airport. For years, Black leaders have talked about creating their own communities and economies... and now finally, Akon is stepping up to the plate.

Tuesday, June 26, 2018

Meet the Only Black Woman in the U.S. Who Owns Her Own Bank

Kiko Davis, only Black woman to own a bank in the US
Kiko Davis, majority owner of First Independence Bank in Detroit, Michigan

48-year old Kiko Davis is the majority stockholder of Detroit-based First Independence Bank, one of the top 10 largest Black-owned banks in the United States. This makes her the only Black woman in the country who owns a bank.

Monday, June 25, 2018

Meet the Entrepreneur Behind the Newest Black Woman-Owned Bank

Nthabeleng Likotsi, one of the first Black women to own a bank
Nthabeleng Likotsi, founder of YWBN Mutual Bank

Nthabeleng Likotsi, a 33-year old Black woman from South Africa who co-founded the Young Women in Business Network (YWBN), has always been determined to turn her cooperative financial institution to a mutual bank. It seems rather challenging, but she has already been set to do it and become the first black woman owner of a bank in South Africa.

These Black CEOs Were Denied Business Loans (But Now They Run America's Fastest Growing Companies!)

Black CEOs that were denied business loans
Edwin Bosso, Anastasia Gentles, and Zawadi Bryant
Every year, Inc. magazine publishes a list of the 500 fastest-growing private companies in the nation. They also publish the Inc. 5000. In 2016, among all these fast-growing companies, only 73 of them were Black-owned and/or run by Black CEOs.

Friday, June 22, 2018

7 Black-Owned Businesses That Sell 100% Organic, Healthy, and Eco-Friendly Products

Eco-friendly products are organic products that do not harm the environment in anyway, whether it's in the production process or at the time of disposal. Such products include foods, drinks, skincare, haircare, and more. A record number of consumers are now more health-conscious in their buying habits because they believe in preserving the environment, as well as their own personal health.

Monday, June 18, 2018

This Entrepreneur is Raising $10 Million to Fund Black-Owned Tech Companies

Marceau Michel, founder of Black Founders Matter

Marceau Michel, a goal-oriented African-American entrepreneur, is raising funds not only for his own company but also for other Black-owned start-up companies. Through his company that promotes the hashtag #BlackFoundersMatter, he aims to raise $10 million of funds to help minority entrepreneurs with their business.

$11 Million in Funding to Help Black-Owned and Other Minority-Owned Businesses and Initiatives

The Minority Business Development Agency

The Minority Business Development Agency (MBDA) will provide Federal assistance to support innovative projects seeking to promote and ensure the inclusion and use of minority enterprises. This Announcement is a mechanism to encourage new activities, education, outreach, innovative projects or sponsorships that are not addressed through other MBDA programs.

Friday, June 15, 2018

Top 7 Black-Owned Shoe Brands That You Should Be Kicking it With!

Black-owned shoe brand

For most women, shoes and handbags are where it's at when it comes to fashion. The fact is, some of the most stylish and well-made shoes on the market today are made by black women and men. Here are the top 7 Black-owned shoe brands:

Thursday, June 14, 2018

First Ever Black-Owned Craft Beer Bar Opens In Harlem, NYC

Harlem Hops

Three entrepreneurs have launched Harlem Hops, the city's first ever Black-owned craft beer bar serving a vast array and fresh selection of local, hard-to-find beers. They say that they wanted to create a space for locals to gather, socialize, relax.

Monday, June 11, 2018

Black Business Moguls Are No Longer Interested In Owning an NFL Team

Diddy and Steph Curry
Diddy and Steph Curry
There was a time when African American business moguls were trying to buy an NFL team, but now they are no longer interested. Just as recent as a few months ago, hip hop mogul Diddy and 3x NBA champion Steph Curry, were trying to pool their resources together to purchase the North Carolina Panthers - which would have been the first ever Black-owned team in the league.

Friday, June 8, 2018

3 Black-Owned Brands of Deodorant That You Should Roll With!

Founders of Black-owned Deodorant Brand
The founders of Nubian Heritage all-natural deodorant
Everybody uses deodorant. It's a very common household product that most people can't live without, and billions of dollars worth of it are sold every year by major retailers like Target, Walmart, and even Amazon. But did you know that there are several Black-owned brands of deodorant? Even more, each of them are all-natural with no chemicals or aluminum.

Tuesday, June 5, 2018

The Oldest Black-Owned Restaurant in the U.S. -- In Business For More Than 100 Years!

James Jones, owner of Jones Bar-B-Q Diner in Marianna, Arkansas
James Jones, owner of Jones Bar-B-Q Diner in Marianna, Arkansas
Jones Bar-B-Q Diner in Marianna, Arkansas is believed to be the oldest Black-owned restaurant in the country. Currently owned by James Jones and his wife Betty, the diner has been open since at least 1910 and is still widely known for serving the best barbecue pork with a secret sauce. James' grandfather, Walter Jones, was the founder and first pitmaster.

Thursday, May 31, 2018

Black-Owned Startup Launches Virtual Reality Ticketing Platform to Help Event Planners Market Their Events

Michael Purnell, founder of Sievent, an all-in-one virtual reality ticketing platform
Michael Purnell, founder of Sievent
Michael Purnell, an African American entrepreneur from Sacramento, California, established a startup after discovering that there are a lot of good, beneficial events in every area but people aren't even aware of it due to marketing limitations. So, he created Sievent, an all-in-one virtual reality ticketing platform that has been breaking through the barriers in events marketing, allowing easier and faster sales of more tickets at live events.

Tuesday, May 29, 2018

Oprah Mentored This Group of Kids, and Now They Run a Successful Business Flipping Homes

Oprah with the founders of Junior Flips
Oprah Winfrey takes a selfie with the CEO and co-CEO of Junior Flips

In 2017, six elementary school kids from the Washington, DC area grew tired of playing video games and watching TV. So after an inspirational chance meeting with Oprah Winfrey along with seed money from one of the parents they partnered up and launched a company called Junior Flips. These young entrepreneurs range in age, from 7 to 13 years old.

Monday, May 28, 2018

This Black-Owned Luxury Boutique Hotel is Still Going Strong 18 Years Later

Meryanne Loum-Martin, founder of Jnane Tamsna Hotel in Morocco
Meryanne Loum-Martin, founder of Jnane Tamsna Hotel in Morocco
Meryanne Loum-Martin, a Black woman, has proven that she doesn't need to be in her territory to excel. She owns Jnane Tamsna, a boutique hotel in Marrakech, Morocco, that is hailed as one of the most fabulous and elegant luxury hotels in the area. Since its birth in 2000, those who visited the hotel has been raving with 5-star reviews for the hotel's design, exclusivity, and service.

Tuesday, May 22, 2018

This Popular Black-Owned Luxury Clothing Brand is Killing the Game With Men's Suits, Tuxedos and More!

Loren Spratt, black-owned luxury clothing brand

From college buddies to business partners, Juwan Mass, Brandon Theriot, Mario McMillan, and Dalen Spratt, who are all dashing Black men, continue to inspire others. Loren Spratt, an Atlanta-based men's custom couture brand they co-founded, is a very popular luxury clothing line across the Black community.

Sunday, May 20, 2018

Black-Owned All-Natural Mouthwash and Tooth Powder Brand For Children Uses the Power of Oxygen to Promote Healthy Oral Care

Children using Garner's Garden Kids Mouthwash and Tooth Powder

All-natural, fluoride-free kid’s mouthwash and tooth powder are the newest products offered by African American entrepreneur Philip Garner's company, Garner's Garden. Parents absolutely love the product line for their children because all of the ingredients are all-natural elements including organic neem, tea tree oil, and pepperment oil.

Thursday, May 17, 2018

Meet the 11-Year Old Entrepreneur Who Trades on the Stock Market

Christon The Truth Jones, 11-year old day trader

Barely standing 5 feet tall, 11-year old day trader, Christon “The Truth” Jones is on a mission to help 1,000 people become successful. And he does it one stock at a time. Yes! He’s a day trader on the U.S. Stock Market, and the CEO of Return On Investment, LLC.

Sunday, May 13, 2018

Meet the First Black Woman Owner and Operator of a Nationally Distributed Vodka

Vanessa Braxton, owner and CEO of Black Momma Vodka
Vanessa Braxton, owner and CEO of Black Momma Vodka
Vanessa Braxton is the owner and CEO of Black Momma Vodka, a company that offers various unique flavors of handcrafted, gluten-free vodka. As the first African-American woman to own a nationally distributed vodka, she stays true to her motto of making vodka for women... but still strong enough for any man.

Tuesday, May 8, 2018

Once Homeless, This Entrepreneur Just Launched a $36 Million Fund to Invest in Black Women Founders

Arlan Hamilton, founder of Backstage Capital
Arlan Hamilton, founder of Backstage Capital

Arlan Hamilton was once broke and homeless, but now she's the founder of Backstage Capital - a venture capital firm that promotes underrepresented founders such as people of color, women, and members of the LGBTQ community has launched a new $36 million fund that will specifically invest in Black female founders.

Monday, May 7, 2018

This Black-Owned Company Makes a Fortune Turning Trash into Treasure

Workers at WeCycle

Waste management is one of today's largest environmental problems, especially in poverty-stricken areas. Bilikiss Adebiyi-Abiola, a Nigerian social entrepreneur, found a favorable solution and launched WeCyclers which offers waste collection and recycling services. What's more, it has proven to be a productive social enterprise!

Thursday, May 3, 2018

Meet the Entrepreneur Behind the $32 Million Dollar Incubator That Will Invest in Black-Owned Startups

Andre Amos, founder of Nu Republic Financial Services
Andre Amos, founder of Nu Republic Financial Services

Andre Amos is the founder of Nu Republic Financial Services and NuWorld International Ltd; based in Atlanta with offices in Houston, Chicago, and Puerto Rico. For over a decade, Andre has used his company to create a positive change in the African American community through finances.

He Started Out in College, and Now This 26-Year Old Black Entrepreneur Manages $25 Million in Real Estate Assets

Victor E. Bomi, founder and CEO of ATLCO Real Estate, Inc.
Victor E. Bomi, founder and CEO of ATLCO Real Estate, Inc.
Victor E. Bomi is a Nigerian-born, US-based entrepreneur, real estate advisor, philanthropist, and the founder/CEO of ATLCO Real Estate, Inc. Based in Atlanta, his company provides real estate investment and advisory services to help investors make smarter, and more profitable, decisions in all areas of real estate. Not only does Victor and his team serve as trusted advisors, they also help their clients with real estate investment management, wealth management, asset management, and financial planning. The overall goal is to help individuals work toward creating financial freedom and multi-generational wealth.

Wednesday, May 2, 2018

Now 120 Years Old, This Black-Owned Funeral Home Will Probably Never Die

James E. Jefferson, Jr., owner and funeral director at W. H. Jefferson Funeral Home
James E. Jefferson, Jr., owner and funeral director at W. H. Jefferson Funeral Home

Launched in the year 1894, W. H. Jefferson Funeral Home, a multi-generational Black-owned business in Vicksburg, MS, has several the local community for well over 100 years. The original founders were William and Lucy Jefferson, and William was actually the first African-American funeral director in the state of Mississippi. After they died, the business was passed down to other family members who still run the business today!