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The Black business boom is evidence of what we can achieve with the right resources and support in place. It’s a reminder of the ongoing need for policies and systems that foster an inclusive ...
African-American businesspeople, persons involved in the business sector – in particular someone undertaking activities (commercial or industrial) for the purpose of generating cash flow, sales, and revenue by utilizing a combination of human, financial, intellectual and physical capital with a view to fuelling economic development and growth
Black billionaires are individuals who are of predominantly African ancestry with a net worth of at least US$1 billion. According to the 2025 Forbes ranking of the world's billionaires, Nigerian business magnate Aliko Dangote had a net worth of US$28.3 billion and was the world's richest black man.
In the United States, black-owned businesses (or black businesses), also known as African American businesses, originated in the days of slavery before 1865.Emancipation and civil rights permitted businessmen to operate inside the American legal structure starting in the Reconstruction Era (1863–77) and afterwards.
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Wayne L. Smith, an engineer in the Washington, D.C., area, scoffed at an image he saw last week of Republican presidential candidate Donald Trump gleefully nestled among a group of smiling Black ...
Allen Media Group, of which Allen is chair and CEO, valued the total earnings of those channels at $1.25 billion over the last 12 months, a person familiar with the deal told Bloomberg.
In 1996 the company had expanded to operate in 14 US states, employing 800 members of staff. Smith serves as a trustee on a number of boards, and has been a strong advocate for black entrepreneurship. [10] According to Jet magazine, Smith became the "leading spokesman for Black businessmen under the Reagan and Bush [George H] administrations". [11]