A proposed property tax increase in New York City is sparking intense debate across the five boroughs. Many Black homeowners are concerned that this plan could jeopardize decades of progress in building generational wealth through homeownership. The controversy focuses on a proposal from Mayor Zohran Mamdani’s administration. He suggested raising city property taxes by up […]
Gold hits an historic price above $5,100 per ounce on Monday. This is because investors flocked to metal investment amid growing global uncertainty and financial market volatility, marking a significant milestone in bullion markets. Record‑setting rally Early trading saw a strong increase in gold, which earlier reached the highest level in the metal’s history at […]
David Steward, co-founder and majority shareholder of World Wide Technology (WWT), has solidified his position as one of America’s wealthiest individuals and the second-richest Black billionaire in the nation. His net worth has surged past the $10 billion milestone, according to the Bloomberg Billionaires Index. Steward’s net worth has witnessed a notable surge, climbing from […]
Estate planning is undoubtedly a vital bridge to generational wealth but it’s often overlooked by many, especially African Americans. The question is why? Recent data from Northwestern Mutual, a life insurance and financial services giant, reveals that only 33% of African Americans have discussed long-term care options with their parents, and a mere 31% have […]
The landscape of America’s richest Black individuals encompasses many sectors, with a significant portion of their fortunes rooted in sports and entertainment. As of 2024, the combined net worth of these trailblazers stands at an impressive $31.3 billion. While this figure is noteworthy, it represents a mere fraction—roughly one-seventh—of the staggering $225.4 billion net worth […]
