African American Wealth -

Less Than 1% of Hotel Owners Are Black Women. This 34-Year-Old Is Changing the Game | TIME

May 16, 2021May 16, 2021African American Wealth, Black Wealth

— BY, ANNE-LYSE WEALTH Davonne Reaves is not your typical 34-year-old. Last year, Reaves and her former college roommate turned business partner, Jessica Myers, brokered a historic $8.3 million deal to acquire a Hilton hotel. Through this deal, Reaves says they became the youngest Black women to co-own a hotel under a major hotel chain. […]

Forbes Diversity & Inclusion Awards 2020: The 2% Solution To Racial Inequality | Forbes

January 2, 2021January 2, 2021African American Economics, African American Wealth

— Ruth Umoh, Forbes This past year ushered in a series of changes in corporate America, most notably for diversity heads. What started as innocuously as any other year soon spiraled into a global pandemic, a shift to remote work and sweeping civil unrest. The summer’s widespread protests forced corporations and small businesses alike […]

What is redlining? A look at the history of racism in American real estate | Bankrate

December 5, 2020December 5, 2020African American Wealth, Redlining

— Zach Wichter, Bankrate The days of race-based housing discrimination in the U.S. are legally behind us, but the legacy of policies that kept nonwhite citizens out of some neighborhoods remains pervasive. America’s discriminatory past can still be seen today with nonwhite mortgage borrowers generally getting charged higher interest rates, and persistent “voluntary” neighborhood […]

Real Estate Mogul Annetta Powell Shares How She Went From Behind Bars To Building Businesses | Black Enterprise

November 29, 2020November 29, 2020#BuyBlack, African American Wealth

— Roz A. Gee, Black Enterprise Born to deaf parents and growing up with seven siblings outside of Detroit, Annetta Powell was no stranger to confronting challenges. Before age 25, it became overwhelmingly clear that she wasn’t going to reach millionaire status by living paycheck to paycheck. That’s when she made an executive decision to walk away […]

Solutions of the Year: 3 Responses to the Nation’s Reckoning on Racial Injustice | Next City

November 28, 2020November 28, 2020African American Wealth, Black Wealth

— Event By, Next City Tuesday, December 8, 2020 3:00PM – 4:00PM EST We are nine months into a deadly pandemic that has disproportionately struck Black and Brown communities. We are centuries into the equally pernicious plague of police violence toward unarmed Black Americans. Both realities are grounded in structural white supremacy. Both have […]

This Couple Just Purchased A 53-Acre Ranch For Their Family And Future Generations | Because Of Them We Can

August 23, 2020August 23, 2020African American Wealth

By BOTWC Staff, Because Of Them We Can Rachel Rodgers, a business coach, and her husband purchased a 53-acre ranch this week joining a growing list of Black homeowners. According to a Zillow, the online real estate marketplace, Black homeownership is showing signs of improvement, jumping 2.4 percentage points over the second half of 2019. And […]

Know Your Price: Black Property Devaluation In A Nation Built With Our Hands And On Our Backs | Essence

April 22, 2020June 17, 2020African American Wealth

By Carla Bell, Essence Andre Perry, author of ‘Know Your Price: Valuing Black Lives and Property in America’s Black Cities,’ speaks on Black displacement and structural violence. In 1860 Black bodies held captive on American soil represented a White collective real property value of more than $3 billion, roughly $93.5 billion today. Currently, real property held by Black […]

BE Exclusive: Chase Consumer Banking CEO Thasunda Brown Duckett Offers Strategies For Building and Preserving Black Wealth | Black Enterprise

April 5, 2020April 5, 2020African American Economics, African American Wealth

Thasunda Brown Duckett is on a mission. In addition to overseeing the retail banking arm of JPMorgan Chase & Co.—a 5,000-plus branch network with more than $800 billion in deposits and investments—the driven CEO of Chase Consumer Banking seeks to address persistent racial and economic barriers to black wealth creation. As the sponsoring executive of […]

‘Self Made’ Trailer: Octavia Spencer Radiates Strength as C.J. Walker in Netflix Series | IndieWire

February 26, 2020February 26, 2020African American History, African American Wealth ...

Blair Underwood and Tiffany Haddish join the Oscar winner in a lively period piece about a black woman succeeding. [mc4wp_form id=”6042″] After the debacle that was the Oscars all but ignoring black talent this year, audiences are long overdue to see black characters thriving and succeeding onscreen. Like most progressive change in Hollywood these days, […]

The plunder of black wealth in Chicago, captured in film | The Chicago Reporter

January 9, 2020January 9, 2020African American Economics, African American Wealth

Black families in Chicago lost an estimated $4 billion due to predatory contract buying, a Duke University’s Samuel DuBois Cook Center on Social Equity study found. Artist in residence Bruce Orenstein spoke to surviving victims. [mc4wp_form id=”6042″] In just two short decades — while the post World War II housing boom created the wealth of […]