Opinion: Why Generational Wealth Requires More Than a Paycheck
As living costs rise and economic uncertainty affects the choices of millions of Americans, the belief that just earning a bigger paycheck can create generational wealth is being questioned more than ever. Hard-working people are often advised to “earn more” as the solution to financial insecurity. While a higher income does help, building wealth is […]
BET Founder Robert L. Johnson to Receive Major Honor at BLACK ENTERPRISE’s 2026 XCEL Summit
Media entrepreneur and investor Robert L. Johnson will receive one of the highest honors at the 2026 BLACK ENTERPRISE XCEL Summit for Men. This award further establishes his legacy as a key figure in Black business history. According to BLACK ENTERPRISE, Johnson will be presented with an XCEL Award during the summit, which runs from […]
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 Black women who came of age in the late 1990s and early 2000s, Kimora Lee Simmons was more than a designer. She […]
Meet Dr. Dre: Beats, Billionaire Status, and the Power of Black Innovation
Heir to the sound of West Coast hip-hop, creator of multi-platinum stars, and now officially among the world’s wealthiest entrepreneurs, Dr. Dre is a key figure in both music and business. On March 10, 2026, Forbes finally acknowledged what many in the culture have long believed: Dre is a billionaire. According to sources, he was […]