In 2023, Black or African American owners ran 201,000 U.S. employer firms—3.4% of the national total—and 4.4 million non-employer businesses, according to the Census Bureau. Their employer firms reported $249 billion in receipts; non-employer businesses reported $128.7 billion. Receipts are…
Target currently lists a Penny Proud fashion doll from The Proud Family: Louder and Prouder. That proves the character has reached the retail shelf. It does not tell us how many dolls sold, whether the product made money or what…
Michael Jordan’s move into NBA team ownership came after he had finished playing. In 2010, he acquired a controlling interest in the Charlotte Bobcats, seven years after his final NBA season. He later sold his majority stake in the Charlotte…
When Forbes published its 2026 ranking of the world’s highest-paid athletes, four Black athletes appeared in the global top 10: LeBron James, Stephen Curry, Kevin Durant, and Lewis Hamilton. Their estimated earnings totaled $466.3 million for the 12 months ending…
In 2011, RLJ Lodging Trust sold 27.5 million shares at $18 each, raising $495 million in gross proceeds. The public offering took a hotel platform built by Thomas J. Baltimore Jr. and gave investors a way to own shares in…
Some of America’s largest Black fortunes are built around businesses that families own, control or have converted into investment capital. But family wealth is harder to measure than individual net worth. Private investments may not be disclosed, ownership can be…
