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Is It Time for the Black Brazilian Billionaire? | OZY

Read Time 3 min.

Is It Time for the Black Brazilian Billionaire? | OZY



[dropcap]It’s[/dropcap] midday on a Saturday in Rio’s north side neighborhood of Madureira, and the AfroAtitude salon has been full for hours. Women are getting box braid and Senegalese twist hairstyles to a soundtrack of gossip and Alicia Keys. Alessandra Rodrigues, who left a job at a hamburger chain to work in beauty full time, applies blue-laced nagô braids to health insurance agent Mayla Santos, who forgoes $70 in entertainment spending every three months to pay for the style. Salon owner Juliana Marinho sends a client who wants a natural haircut upstairs to see Lola Monteiro and schedules makeup artist Ana Priscila Vasconcelos for a workshop the following weekend. Rodrigues, Marinho, Monteiro and Vasconcelos are all Black. “We’re taking care of each other,” Marinho says. [mc4wp_form id=”6042″]

Downplaying Black identity in Brazil has historically brought socioeconomic gains. But a new generation is embracing it — not only to campaign around issues like education and police violence, but also to exercise choice on spending money and creating new businesses. Like those behind Black Lives Matter’s Backing Black Businesses initiative in the United States — and in the tradition of Malcom X’s concepts of Black economics — they believe in patronizing Black-owned enterprises in order to address gaping racial inequality. It is “a concrete, short- to medium-term step while we fight for larger transformations,” says entrepreneur Vítor Del Rey, co-founder of Kilombu, an app that catalogs Black-owned businesses countrywide. “These ideas have taken hold in the United States, but only 13 percent of their population is Black,” he adds. “Here it’s 54 percent, enough to make Black Brazilian billionaires” — for the first time.