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

IBM Agrees to $17M US Settlement in Case Over DEI Promotion Claims

IBM has agreed to pay $17 million to the U.S. Department of Justice (DOJ) to settle a prominent investigation into claims that the company’s diversity, equity, and inclusion (DEI) practices violated...

Kimora Lee Simmons Opens Up About Selling Her Billion-Dollar Baby Phat Brand

Kimora Lee Simmons is reflecting on one of the biggest business decisions of her career: selling Baby Phat, the fashion label that became both a cultural force and a commercial powerhouse. For many...

SheaMoisture Launches Its First-Ever In-Store Shea Scalp Studio

The textured haircare brand is taking scalp education directly to shoppers with a new experiential retail concept built around confidence, care, and community. In an era when beauty consumers demand...

Zendesk to Acquire Forethought, Black-Led AI Startup

Zendesk, a top provider of customer service software, has completed its acquisition of Forethought. Forethought is a Black-led artificial intelligence startup. It is popular for its groundbreaking...

More Than Funding: How Famous Amos Is Helping Black Entrepreneurs Grow and Succeed

Famous Amos is changing corporate support for Black entrepreneurship with its Ingredients for Success (IFS) Entrepreneurs Initiative. This program combines grant funding, mentorship, and business...

8th Annual Black Business Awards Honors Leadership, Innovation, and Community Impact

The 8th Annual Black Business Awards Recognition & Exhibition is an annual event hosted by the Madison Black Chamber of Commerce in Madison, Wisconsin. It celebrates Black entrepreneurs, business...

Jamie Dimon Warns the American Dream Is Becoming Harder to Attain as JPMorgan Invests Billions to Address It

In a pivotal moment for corporate America’s involvement in national economic renewal, Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase, expressed a clear message about the...

Mandela Dollar (MUSD) Launch Aims to Close Financial Access Gaps in Underserved Communities

In a move that combines financial innovation with a commitment to social justice, Nelson Mandela’s vision of economic equality has inspired the launch of the Mandela Dollar (MUSD). This new...

Inside the Economic Shift Driving Black Wealth Growth in America

The story of Black wealth in America is no longer defined only by the gap. It is increasingly shaped by resilience, reinvention, and a new generation of economic builders. However, beneath the growth...