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

Financial Insecurity in America Soar to Record High – Survey

Financial insecurity among Americans has hit a ten-year peak, according to Northwestern Mutual’s 2024 Planning & Progress survey. One-third of American adults expressed feeling...

$6.8M Covid-19 Fraud Lands Paradise Williams 5 Years in Prison

A Seattle woman, Paradise Williams, has been sentenced to five years in prison for defrauding the government of millions of dollars in pandemic relief funds. Paradise Williams, 29, orchestrated a...

Fifth Third Invests $1.1M in NMSDC for Black Business Growth

The National Minority Supplier Development Council (NMSDC) received a significant boost for its black business development initiatives. The Fifth Third Foundation pledged $1.1 million to support the...

Essence Magazine’s Owners to Acquire Dying Black-Owned Media, Refinery29

Essence Ventures LLC, the parent company of Essence Magazine, is reportedly in negotiations to acquire digital media platform Refinery29, according to sources cited by The Wall Street Journal. This...

NYC Mayor Eric Adams Forced to Reverse Plans to Use Luxury Harlem Complex As Migrant Shelter After Community Outrage

New York City Mayor Eric Adams has reversed his decision to convert an abandoned luxury apartment complex in Harlem into a shelter for migrants following strong opposition from the local community...

Top 20 Biggest Black-Owned Companies in the US

Approximately six in ten Black adults in the United States believe that supporting Black-owned businesses is a highly effective strategy for promoting equality, as per a Pew Research Center survey...

NY Comedian Jon Laster Launches APP that Makes It Easier to Find Black-Owned Businesses

In the spirit of black history month, there is a growing desire within the black community and among its allies to support a wider range of Black-owned businesses. Hence, New York-based comedian Jon...