Latest Articles

Caleb Williams Scales His Presence In The Investment Space With 888 Midas Launch

Caleb Williams, rookie quarterback for the Chicago Bears, is scaling his interest in the investment space. While in college at the University of Southern California, Williams was among the first athletes to leverage name, image, and likeness (NIL) deals. He became a part- owner of the male grooming company Faculty in 2022, as AFROTECH™ previously reported. He was also the No. 1 draft pick in the 2024 NFL Draf t and was picked by the Chicago Bears . Now, Williams is scaling his interest in the investment arena by launching his own investment firm. Williams has established 888 Midas, which will “capitalize on select alternative investments in private equity, venture capital, and real estate,” according to a press release. His partners and advisors will support the firm. They include: Sherif Guirgis, former managing director of Main Street Advisors Ross Walker, co-founder and managing partner of Hawkins Way Capital, a multi-billion-dollar real estate enterprise John Terzian, co-founder...

Jun 13, 2024

Yo Gotti Didn't Know He Had To Pay Property Taxes On Houses He Paid Cash For — 'They Didn't Teach Me That In School'

Yo Gotti did not pay his property taxes for years due to a lack of information. During an interview with podcast “Earn Your Leisure,” the rapper revealed he was unaware he had to pay back taxes to the government. He viewed taxes as a celebration as he recalled the gifts he would receive from his mother around tax season. He didn’t know these gifts were likely coming because she had received a tax refund. “I grew up thinking, when you heard of taxes, my mama and ’em got tax money. That’s when we got new Jordans. We got new outfits… It was a celebration when it was tax time,” he said. “We was waiting on tax time. It was better than Christmas. So, I didn’t know… even in my early stages of getting money, I didn’t know we had to pay. I didn’t know because of a lack of information; they didn’t teach me that in school.” Lack of financial literacy carried over into how Yo Gotti did business too. As an investor in real estate early on, he purchased 10 to 15 homes with cash. However, he...

Jun 12, 2024

Founder Pinky Cole Explains Why She Maintains Ownership Over 70% Of Slutty Vegan’s Real Estate

Pinky Cole had a vision when she first launched Slutty Vegan as a food truck in Atlanta, GA. That blueprint has since transformed Slutty Vegan into a lucrative restaurant worth $100 million. Cole recently explained the difference between a 70% and 30% portfolio and how she and her team have developed a strategy that works for them. “So, 70% of the Slutty Vegan businesses, I own the real estate,” Cole said in an “Earn Your Leisure” podcast clip shared to promote her appearance at the 2024 Invest Fest. “And the reason why I did that is because I wanted to go into inner-city communities, communities that developers aren’t so attracted to, and areas that are right in the heart of gentrification. What Slutty Vegan does is go into the neighborhood, raise up the value of that community, help other business owners, because we always have lines down the block. So, they win when we win, and we win when they win.”   View this post on Instagram   A post shared by Earn Your Leisure...

Jun 12, 2024

The First Black Vineyard Owner And Wine Producer In Mendocino County, CA, Is Giving Students Funding To Ensure More Come After Her

Theodora Lee is the first Black vineyard owner and wine producer in Mendocino County, CA. Lee’s introduction to wine began when she was 8 years old, while she was helping her grandfather on his cattle farm in Texas. By the 1980s, she had developed a personal interest in wine. ”My dad picked wild Muscadine grapes and made home brew,“ she told The Press Democrat. ”Given that Muscadine was my first introduction to wine, I found that sweet and syrupy wine nasty. I really had no taste for wine until I moved to California in the ’80s and learned about fine wine.“ Lee chose a path in law , working more than 36 years at the Littler Mendelson, P.C. law firm and splitting her time between Yorkville Highlands, CA; Oakland Hills, CA; and Dallas, TX. However, her passion for wine led her to add a new title to her resume: wine producer. “My first introduction to a grape farm was in Healdsburg, [CA], and specifically Dry Creek Valley,“ she said. “Walking that vineyard made me want to become a...

Jun 12, 2024

The Rise Of Stealth PTO: Understanding The Trend And Its Implications

The 2020 COVID pandemic reshaped many facets of our lives, including how we work. With enforced quarantine restrictions came more opportunities to work from home , many of which stayed in place long after the regulations eased up. This shift in workplace culture and rise of remote work has gifted many pros to the common employee, though it’s also birthed new phenomenons, including stealth PTO (Paid Time Off). This refers to employees taking time off work without formally notifying their employers. Instead, they manage their absences informally, blending their personal time with work hours in a way that goes unnoticed. Let’s explore exactly what stealth PTO is, its impact on businesses, and what its growing popularity among employees says about our workplace culture in America. What Is Stealth PTO? Stealth PTO refers to the practice in which employees take unofficial time off by leveraging flexible work arrangements, like working remotely. Unlike traditional PTO, which is documented...

Jun 12, 2024

Kyle Morrand Started A Digital Platform Empowering Creators As A Side Hustle That Now Reportedly Makes $2M A Year

Kyle Morrand had an idea while living with his roommates. Now he’s turned it into a $2 million vision. The founder leads 302 Interactive, an Orlando, FL-based development studio leveraging game design and emerging technologies to create interactive media, its LinkedIn mentions. It connects clients to resources that supports augmented reality mobile applications, game development, virtual reality and immersive experiences with the aid of its in-house team of developers, designers, and artists. “…The business is a reflection of my own life, ambitions and creativity,” Morrand explained in an interview with Entrepreneur. “…I get to spend my days reshaping our relationship with technology to design lifestyles that are more playful and ultimately eliminate some of the symptoms of depression and anxiety that seem standard to modern-day living.” He says the idea dates back to his time at college in Apartment 302 where he lived with two roommates who were also passionate about gaming. “…The...

Jun 11, 2024

Founder Of Canvas Beauty Shares That She Has Become The First Known Person To Earn $1M Through A Single TikTok Live

Stormi Steele has seen firsthand the power of social media. Steele is the founder of Canvas Beauty, a beauty brand she conceived in a night, Forbes mentioned. It all started with a hair serum made with cayenne pepper in her kitchen, which she introduced to her clients at her hair salon. After her clients’ rave reviews, she was encouraged to sell the product. Now, Steele’s Hair Blossom Serum remains the leading product in its marketing sector, the outlet notes. “It just ended up having a life of its own after that,” Steele told Forbes. Steele found great success since the launch of her business in 2018. In its first year, Canvas Beauty sold more than 1 million units, according to information provided to AFROTECH™. In 2019, going viral led the business to earn 30,000 monthly orders compared to 6,000 before the exposure, per Forbes. However, the influx of orders prompted Steele and her husband and business partner, Courtney Beasley, to learn a quick lesson about running an online...

Jun 11, 2024

Rick Ross To Auction Off Rare Items, Proceeds Set To Support Business Owners

Rick Ross is auctioning off items for a good cause. According to Billboard, the rapper is teaming up with Julien’s Auctions to host Push It to the Limit: Luxury and Lifestyle, a two-day event held June 25-26 live and online with 800 items up for grabs. People mentions items such as Ross’ exclusive collection of street and contemporary art, designer wear, rare sneakers, and music memorabilia like Michael Jackson’s sealed “ONE” by Cirque du Soleil light-up glove , and more. Specific items include the Air Jordan Retro 5 “University of Michigan Fab 5” PEs (estimated value, $2,000-$3,000); Air Maxes (est. $1,000-$2,000); DJ Khaled “Father of Asahd” Air Jordans (est. $3,000-$5,000) and Virgil Abloh Off-White collaborations (est. $500-$700); Versace silk shirts (est. $500-$700); and designer sunglasses and varsity jackets (est. $200-$500); among others, per Billboard. View this post on Instagram A post shared by Julien's Auctions (@juliens_auctions) What’s more, in partnership with The...

Jun 11, 2024

How Many Pro Sports Teams Does Serena Williams' Daughters Own?

Serena Williams has positioned herself for a lifetime of success. However, as a mother, her children’s well-being also defines true victory. Williams and her husband, Reddit Founder Alexis Ohanian, have two daughters: Alexis Olympia Ohanian Jr., who is now 6 years old and was born on Sept. 1, 2017, and Adira River Ohanian, born in August 2023. View this post on Instagram A post shared by Serena Williams (@serenawilliams) Early on, Williams and Ohanian began making moves to establish wealth for their daughters. When Olympia was 2 years old, she made history as the youngest professional sports team owner. As AFROTECH™ previously reported, she became part-owner of the women’s soccer team Angel City FC (Los Angeles, CA), along with her parents. “As someone who spends hours kicking around a football with my two-year-old daughter, I want her to have a front-row seat to this revolution,” Ohanian said in a National Women’s Soccer League news release at the time. “I’m personally investing on...

Jun 10, 2024

Dr. Lakeysha Hallmon Has Helped Generate $8.3M For Black Entrepreneurs

Dr. Lakeysha Hallmon is creating wealth for Black entrepreneurs. The Village Market The former educator is CEO and founder of The Village Market, an Atlanta, GA-based marketplace launched in 2016 for Black entrepreneurs. Hallmon moved to the city in 2010 to work as an education research and evaluation specialist with the Georgia Department of Education, according to Forbes. Yet, she turned her attention toward strengthening the Black dollar upon observing trends between retail businesses and Black consumers. She began hosting monthly master classes geared toward entrepreneurship and community development, LinkedIn mentions. The Village Retail The Village Market soon followed the master classes. Hallmon’s savings of $20,000, along with $3,500 pooled from family and friends, supported the marketplace’s beginning stages. The venture proved fruitful and allowed it to scale to a storefront in 2020 with The Village Retail. However, the retail launch proved to be a trying time for Hallmon....

Jun 10, 2024

JPMorgan Chase CEO Jamie Dimon Reaffirms Commitment To DEI Amid Evolving Workplace Landscape

JPMorgan Chase CEO Jamie Dimon has revealed his thoughts amid the ever-changing landscape of workplace diversity, equity, and inclusion (DEI) practices. In a shareholder letter shared via Axios, Dimon reiterated the bank’s commitment to DEI, noting its programs that include resource groups for Black, LGBTQ+, and employees living with disabilities, as well as other initiatives, including a fund geared toward helping entrepreneurs of color, investing efforts in rural communities, and recruiting at Historically Black Colleges and Universities (HBCUs). Moreover, Dimon revealed that the $30 billion racial equity commitment made by JPMorgan Chase in the wake of racial unrest and turmoil in 2020 is “nearly completed,” with plans to make the initiative a permanent program. “We’re thoughtfully continuing our diversity, equity, and inclusion efforts,” he wrote. Dimon also confirmed that the initiatives will adjust as laws continue to evolve around these issues. His statement comes at a time...

Jun 10, 2024

How To Elevate Your Experience At AFROTECH™ Conference 2024 With Founder Circle

The 2024 AFROTECH™ Conference is just months away, and the countdown has begun with even bigger and better ways to empower the community. As one of the largest cultural events dedicated to individuals evolving the tech space, AFROTECH™ offers something for everyone — whether you’re an industry enthusiast, hold a C-Suite position, or are the CEO of your own company. The conference’s latest initiative is designed specifically for founders. Since its inception in 2016, AFROTECH™ has been committed to empowering the community. The new AFROTECH™ Founder Circle intends to continue this mission by focusing on reducing attendance costs, enhancing skill sets, and expanding access for founders within the community. The all-new program will operate under a three-pronged strategy: enhancing executive presence and leadership, broadening access to venture capital networks, and fostering peer-to-peer learning and support. In collaboration with Blavity.org, AFROTECH™ will sponsor 200 tickets for...

Jun 7, 2024

Who Owns Revolt Following Sean 'Diddy' Combs' Exit?

Stories that begin with the rise and fall of prominent individuals are not the most inspiring, but they offer insight into lessons learned and perspectives shifted. Through narratives by people across industries, those who “fall from grace” are often judged in the court of public opinion by how society accepts what they did and how they respond. Most recently, the world has sat and watched this phenomenon play out with Bad Boy Records and Revolt TV founder Sean “Diddy” Combs. The Combs saga has no particular ending for the foreseeable future. At the same time, much of his fate will be decided by the legal powers. However, one decision that has been made concerns his previous ownership stake in Revolt. As previously reported by AFROTECH™, the buyer of the Hip-Hop mogul’s shares was shrouded in mystery. The new owner’s identity was a closely guarded secret, with speculation running rife. It has now been revealed that the owner isn’t a single person. In a surprising twist, the media...

Jun 7, 2024

Meet The Entrepreneur Behind A Georgia-Based Candle Business Introducing STEM To Children

Anikitia Abram leads the first Black- and woman-owned candle-making studio in Middle Georgia, according to the Macon. She accomplished this feat in July 2023 with the opening of Pretty Lux Co., which offers candle, skin, and hair products that are “100% vegan, cruelty free, and created with minimal ingredients,” per its website. For Abram, that means using locally-sourced materials and remaining environmentally conscious during production. “Pretty Lux Co. is not just a business; it’s a movement toward greater wellness and understanding, providing a nurturing environment that supports both personal and communal growth,” Abram told the Macon. “This foundational inspiration continues to drive every aspect of Pretty Lux Co., guiding our mission to enrich lives through both our products and our educational initiatives.” Those initiatives encompass a focus on engaging the community in science, technology, engineering, and mathematics (STEM) through candle and skincare development. “By...

Jun 7, 2024

Supported By A $2M Grant, A Black-Owned 50,000-Square-Foot Co-Working Space Has Opened For Minority-Led Businesses

A new co-working space has opened in Newark, NJ, to support minority-owned businesses. According to Tap into Newark, Equal Space, a 50,000-square-foot, multi-floor, space opened its doors to entrepreneurs on May 14, 2024. A s co-founder and CEO, Citi Medina leads the concept, which was 10 years in the making, Blavity reports. The Brooklyn, NY, native who moved to Newark observed there was not a safe co-working space for talent of color. So, alongside his co-founder and COO, Ralphie Roman, they turned their attention towards creating a solution and birthed Equal Space in 2014, which had previously opened a 16,000-square-foot shared space and incubator ES89. The location includes meeting spaces, an event area, and content creation suites, its website mentions. Now, the Newark area will receive further support through the new downtown ES550 Tech & Innovation Campus at 550 Broad St., which boasts spaces for single founders and teams, “state-of-the-art event spaces” for 300 people, and a...

Jun 7, 2024