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

Pat McGrath Labs Files Bankruptcy, Secures $30M Funding

Pat McGrath Labs is a black-owned beauty brand founded by renowned makeup artist Dame Pat McGrath. It filed for Chapter 11 bankruptcy on January 22, 2026. However, secured a $30 million grant on...

Owens Calls Cap on TPUSA’s 20M Viewers Halftime Show Claim

Conservative commentator Candace Owens has challenged Turning Point USA’s (TPUSA) claim that its All-American Halftime Show attracted over 20 million viewers. This disagreement has sparked a heated...

Trump Omits Wes Moore, Nation’s Only Black Governor, From NGA Dinner

Maryland Governor Wes Moore, the nation’s only Black sitting governor and vice chair of the National Governors Association, criticized the Trump White House after finding out he was excluded from this...

Trump Sparks Outrage by Sharing Video Depicting the Obamas as Apes

President Donald Trump sparked outrage on February 6, 2026, after posting a video on his Truth Social account that briefly shows former President Barack Obama and former First Lady Michelle Obama as...

Racial and Discrimination Complaints Filed Against Another Chick‑fil‑A Franchise

A Chick‑fil‑A franchise in suburban Philadelphia is facing a federal lawsuit that claims ongoing racial discrimination and abuse by the franchise owner. This case represents one of the most serious...

Trump Threatens to Sue Trevor Noah Over Epstein Island Joke at 2026 Grammys

Donald Trump has threatened to sue comedian Trevor Noah over a joke made during the 2026 Grammy Awards. This has sparked a new media controversy. During the awards show, Noah joked in his opening...

14 Black-Owned Businesses to Support This Black History Month

Every Black History Month, we reflect on the past. However, it is equally important to support the Black-owned businesses shaping our present and future. These Black-founded ventures do more than sell...

Detroit Empowers 140 Small Businesses with Tech Microgrants

The City of Detroit, together with community organizations and the Rocket Community Fund, has started a new initiative to help small businesses in the neighborhood use modern technology and stay...

What You Need to Know About U.S. Tax Changes in 2026

2026 will be one of the most impactful tax years in history, with the One Big Beautiful Bill Act (OBBB/OBBBA) signed in mid-2025. Together with the usual IRS indexing for inflation, an unusual mix of...