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Monday, June 1, 2015

"My Company Made $3.2 Billion Last Year" -- And 9 Other Top Black-Owned Businesses

David Steward, founder of World Wide Technology
David Steward, founder of World Wide Technology

Black-owned businesses are growing three times faster than other businesses in the U.S., according to the U.S. Census Bureau. While most Black-owned business generate revenues of about $100,000 a year, many of these companies make millions and even billions of dollars every year.

Here's who is on the top 10 list:
  1. World Wide Technology, Inc. - this Maryland Heights, Missouri technology company, founded in 1990 by David Steward, has annual revenues of more than $3 billion.
  2. Camac International Corp. - this Houston based oil exploration and operating company, founded in 1986, is run by a chemical engineer who was also appointed to the Advisory Committee for Trade Policy and Negotiation by President Obama.
  3. Bridgewater Interiors LLC - this Detroit supplier of motor vehicle parts and accessories for Ford and General Motors reached revenues of $1.1 billion in 2009.
  4. Act-I Group - headquartered in Torrance, California, this human resources staffing company is the nation's largest woman- and minority-owned company within the employment services industry.
  5. ZeroChaos - this company specializes in workforce management services and is based in Orlando, Florida. The company has revenues of $700 million and does business in 14 countries.
  6. MV Transportation Inc. - this transportation services company was founded by a husband and wife team in Fairfield, California, and boasts annual sales of $700 million, doing business in 26 states and Canada.
  7. TAG Holdings LLC - this holding company for a plumbing ceramics maker, four automobile wheel assembly suppliers and more is based in Troy, Michigan and has $700 million in annual revenue. The founder is a West Point graduate who is currently a Vice Chair of the Manufacturing Council under President Obama.
  8. The RLJ Companies- this hotel investment company has annual revenues of $578 and owns 22 properties valued at $1 billion.
  9. Bridgeman Foods Inc. - the founder of this company is a former accomplished NBA basketball player, Ulysses Bridgeman. The company manages more than 320 restaurants, including Wendy's, Chili's, Perkins, and Fazoli's.
  10. Barden Cos. Inc. - the owner of this Detroit company, Don Barden (now deceased), was the only black owner of gaming casinos. He owns casinos in Las Vegas, Mississippi, Colorado and Indiana.
To see more top black-owned business, visit www.blackenterprise.com/lists/be-100s-2014/



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