Black Elites

Markets, capital and the companies redefining the global economy.

Deep reporting on the deals, firms and industries where the next chapter of wealth is being written.

In business

JAY-Z’s MarcyPen Eyes LVMH’s Stake in Rihanna’s Fenty Beauty

MarcyPen Capital Partners, the investment firm co-founded by Shawn “JAY-Z” Carter, is leading the charge to acquire LVMH’s 50% stake in Rihanna’s Fenty Beauty. If this deal goes through, it would hand...

Who Is Candace Mitchell Harris? The Tech Founder Revolutionizing Black Hair Care With AI

Candace Mitchell Harris, founder and CEO of MYAVANA, is leading a beauty-technology revolution that merges data science with personal wellness. She is transforming how people understand, care for, and...

How One Couple Is Making History With Their Luxury Handcrafted Watch Brand

In a world where the global luxury watch market is led by century-old Swiss brands and high-end independent makers that focus on heritage, a new story in watchmaking is emerging in the American South...

LL Cool J Partners With Ben Crump’s DreamFi to Expand Financial Literacy and Wealth-Building Access

The financial divide in America has been a persistent problem, disproportionately impacting low-income individuals and communities of color. On June 9, 2026, a new chapter in this struggle began when...

Nagela Duperval Reveals How Opening a Restaurant Led to Financial Struggles and Lost Friends

When entrepreneur Nagela Duperval entered the restaurant business, she imagined a path to financial freedom and cultural influence. Instead, her journey tested her resilience, strained personal...

Slutty Vegan Expands to Atlanta and D.C. Through New Franchise Agreements

Slutty Vegan, the plant-based restaurant brand founded by Aisha “Pinky” Cole Hayes, is growing with new franchise agreements in Atlanta and Washington, D.C. This marks an important step in...

What VitaHustle’s New Funding Means for Kevin Hart’s Growing Business Portfolio

In May 2026, plant-based nutrition brand VitaHustle, co-founded by entertainer and entrepreneur Kevin Hart, received a significant investment from Axum Capital Partners, a Black-owned private equity...

Byron Allen Officially Takes Over BuzzFeed After Majority Stake Purchase

Byron Allen has completed his acquisition of a majority stake in BuzzFeed, Inc. This marks a new chapter for a brand that once shaped the internet’s editorial and cultural trends. The deal...

New Court Filing Says Slutty Vegan Founder Pinky Cole Owes $4 Million in Debt

A major shift in financial reality has happened for one of the most prominent figures in Black entrepreneurship. Recent bankruptcy court filings reveal that Slutty Vegan founder Aisha “Pinky” Cole is...