will.i.am missed out on an investment that would have made him millions today. During an interview with Fortune held at SXSW, the multi-platinum music artist, producer, and tech entrepreneur revealed he had a chance to invest in Airbnb, a vacation rental company. The opportunity was introduced to him by Airbnb’s co-founder, Brian Chesky. Founded in 2007, the company raised funds in its early stages and allowed individuals to invest up to $200,000. However, will.i.am wasn’t fully convinced by the concept at the time. “’What’s up with concierge? Y’all don’t got that?’ ‘No,’” he explained to Fortune. “What’s up with room service? Y’all got that? He’s like, ‘No.’ I’m like, ‘Yeah, I think I’m gonna have to pass on that one.’” Airbnb did become a success. According to its website, it has more than 5 million hosts and has attracted 2 billion guests from more than 220 countries and regions. Hosts have earned more than $250 billion. Today, Airbnb has a market cap valued at more than $78...

Flau’jae Johnson is making a difference off the court by helping wipe out $5 million of debt for 5,000 Louisiana families. On March 14, 2025, global data and technology company Experian announced that the Louisiana State University women’s basketball guard would serve as spokesperson for its initiative to help relieve impoverished families following reports of record-high consumer debt. According to the U.S. Census Bureau, Louisiana has one of the highest poverty percentages in the country. Johnson will promote financial literacy and share her experiences managing finances as one of the leading college athletes with a name, image, and likeness (NIL) deal , per a news release. “You know what’s bigger than basketball? Financial empowerment,” Johnson said in an Experian commercial. “Finances are tough, and Experian is helping the next generation pursue their dreams. … Money isn’t everything, but you need it to live a good life. The Experian app can help you save time and money, build...

JuJu Watkins has secured a groundbreaking NIL deal. The USC Trojans basketball athlete currently boasts a $739,000 name, image, and likeness (NIL) valuation , thanks to deals with Ritz Crackers, Degree, United Airlines, and NYX Cosmetics. “We are beyond excited to welcome JuJu to the NYX Professional Makeup family,” said Yasmin Dastmalchi, general manager of NYX Professional Makeup, in a news release. “JuJu’s spirit, talent, and commitment to excellence make her a perfect pick for our brand. We can’t wait to support her as she uses her voice to further inspire our community and share our core values.” View this post on Instagram A post shared by Juju Watkins (@jujubballin) Watkins is already making groundbreaking moves as a collegiate athlete. As AFROTECH ™ previously told you, she extended a multi-year contract with Nike, becoming “one of the richest shoe endorsement deals in women’s basketball.” More recently, she expanded her portfolio by adding Fanatics and Fanatics...

TJ Maxx is a popular budget store that many people have come to love. As shoppers are increasingly drawn to retailers that offer both value and variety, TJ Maxx thrives thanks to its mix of designer brands and discount prices. It’s not just about the thrill of finding a great deal for fashion enthusiasts – it’s also about the experience of uncovering hidden gems. Whether you’re looking for trendy clothing, home decor or even unique accessories, they offer an ever-changing treasure trove of options. Although the store has been a reliable favorite for years, there has been some speculation about the popular chain recently as consumers keep an eye out for their stance on diversity, equity and inclusion. In the past, TJX Companies (the parent company of TJ Maxx) has publicly stated its commitment to building a more inclusive and diverse workplace . Yet with the DEI frenzy over the last few weeks, shoppers are not entirely convinced that the budget store is fully onboard with the DEI...

The music industry can be a tricky game — one minute you’re up, and the next you’re left wondering where all the money went — an intricate maze of talent, timing, and business. Few stories illustrate its complexities as vividly as Dawn Robinson’s. As a founding member of En Vogue, she was part of a movement that redefined contemporary R&B, blending impeccable harmonies with a bold, sophisticated image that commanded attention. Yet, the same industry that lifted her to legendary status ultimately left her to navigate an unrelenting financial storm. Robinson, now 59, recently revealed in a profoundly personal YouTube video that she has been living in her car for the past three years, according to The Hollywood Reporter. This revelation is more than a personal hardship — it is a case study of what happens when artists, especially Black women in the music industry, are not given the tools to own their success beyond the stage. Her story is not about missteps alone but about an industry...

Howard University graduate Olympia Auset is combating food deserts in South Los Angeles, CA. Auset launched SÜPRMARKT, a grocery store that began as a pop-up and subscription service in the area, Forbes reports. Its inception was the result of her reaching a breaking point when traveling over two hours by bus to find affordable organics grocery products that would adhere to her vegan diet. At the time, South L.A. had 1.3 million residents and only 60 grocery stores, classifying it as a food desert. “It became difficult to eat healthy simply due to access,” she told the outlet. In 2016, SÜPRMARKT launched as a pop-up in Leimert Park with community support, according to its website. Four years later, Auset purchased land that would become SÜPRMARKT’s first brick-and-mortar location thanks to assistance from partners Open Architecture Collaborative Los Angeles and Engineers Without Borders. View this post on Instagram A post shared by LOCALE (@localemagazine) The grocery store prides...

Jean-Michel Basquiat’s painting “Sabado por la Noche,” or “Saturday Night,” will be the centerpiece of Christie’s evening sale in Hong Kong on March 28, 2025. Basquiat’s striking hot pink and maroon artwork, created in 1984 and measuring 6.5 feet by 7.5 feet, is estimated to sell for between $13 million and $16 million, according to a March 13, 2025 news release. “It is a privilege to present Sabado por la Noche (Saturday Night), an iconic masterpiece that reverberates with Basquiat’s inimitable visual language,” said Ada Tsui, Christie’s Asia Pacific head of evening sales and 20th/21st-century art. “Sabado” was created when Basquiat collaborated closely with Andy Warhol on over 150 paintings, ARTnews reported. The painting is filled with Basquiat’s signature motifs and imagery, featuring two of his “Griot” figures and depictions of animals, simplified female nudes, spirals, doubled gyres, references to the solar system, and the Fibonacci golden ratio. Tsui said the auction house...

Fans are flocking to support the music of the late Angie Stone. The Grammy-nominated soul artist and member of The Sequence passed away on March 1, 2025, at 63 years old, according to Variety. Stone was in a car accident with an 18-wheeler while traveling from Montgomery, AL, to Atlanta, GA, causing her vehicle to overturn three times. Of the nine passengers in her van, she was the only one who did not survive. Stone, born in Columbia, SC, is survived by her children Diamond Stone and Michael Archer and her grandchildren. “Never in a million years did we ever expect to get this horrible news,” Diamond and Michael said in a statement, the outlet notes. “Our mom is and will always be our everything. We are still trying to process and are completely heartbroken.” Stone leaves behind an imprint that includes her most revered song, 2001’s “Wish I Didn’t Miss You,” 10 solo albums, and three Grammy nominations in categories including: best R&B performance by a duo or group with vocals...

Denver, CO -based KT Winery, a Black, Asian-owned, and women-led wine company, has expanded its board of advisors to include Monique Rodriguez, founder of global beauty brand Mielle Organics , and Rachel Roff, founder of clinical skincare brand Urban Skin Rx . According to a March 13, 2025 news release, Kristin Taylor and Macie Mincey launched KT Winery in 2020 for the modern, health-conscious wine drinker and to address the lack of diversity representation in the wine industry. The brand is available in over 500 locations online and at select retailers, including Target and Total Wine, and on flights with major airlines. Rodriguez and Roff will provide strategic guidance to help shape the brand’s direction. “We are honored to have such notable female founders join the KT Winery board of advisors to provide their insight and guidance as we continue to grow another woman-led brand made for us,” said Taylor. As previously reported by AFROTECH™ , Rodriguez founded Mielle Organics in...

Kylian Mbappé has added a team to his growing investment portfolio. Forbes named the French and Real Madrid soccer player among the richest athletes in 2024, with an estimated total earnings of $110 million. It appears he is putting his earnings to good use by investing in the luxury watch-shopping platform Wristcheck, which Jay-Z also backs. According to Robb Report, Mbappé’s interest in the company stemmed from their innovation in technology and creativity. “I’m thrilled to join Wristcheck as an investor through Coalition Capital,” Mbappé said in a press statement, according to the outlet.  “As a Hublot ambassador and someone passionate about watches and innovation, I see Wristcheck as a platform that truly understands the next generation of collectors. They’re reshaping the watch industry with a forward-thinking approach that blends technology, transparency, and creativity.” More recently, Mbappé became a team owner. He secured a stake in the France SailGP Team, which is owned by...

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™ and will not impact the outcome of the events. TikTok has been the center of controversy, due to national security concerns, since 2020, when President Donald Trump first attempted to ban the app in the U.S. Former President Joe Biden continued to push forward with a ban, passing a mandate with overwhelming congressional support to force TikTok, owned by the Chinese company ByteDance, to sell to a U.S. company or be banned in the U.S. After several lawsuits and attempts to reverse the decision, the app chose to go dark right before Trump was inaugurated. Since then, Trump has signed an executive order to delay the ban by 75 days , providing a reprieve for TikTok and millions of its U.S. users and more time to sell the app to an American company. Now, time is almost up as the app is at risk again of being banned on April 5 . The Trump administration has stated that it is in talks with several...

Billionaires have long found ways to minimize their tax burdens, using loopholes and financial strategies that allow them to pay far less percentage-wise than everyday Americans. While many assume the ultra-wealthy contribute significantly to the nation’s tax revenue, the reality is that their effective tax rates — what they pay relative to their total wealth — are far lower than those of middle-class and working-class individuals. Their methods to shield their fortunes are legal, yet they contribute to widening economic inequality and an ever-growing fiscal deficit. The disparity between billionaire and working-class tax rates was highlighted in a live chat hosted by The Washington Post. Journalist Jeff Stein responded to a user asking about billionaires paying their fair share in taxes. He pointed out that while billionaires pay large sums in taxes, their effective tax rate remains much lower than that of the average American. He explained that one key reason is the ability of...

Detroit, MI, native Eminem is joining a list of individuals, such as former NBA players Grant Hill and Chris Webber, to bring a WNBA team to the city, according to Sportico. The 15-time Grammy Award-winning rapper — born Marshall Mathers — is part of a group led by Tom Gores and the Detroit Pistons. “This is an exciting opportunity to welcome the WNBA back to Detroit and bring additional investment and economic activity into the city,” Gores said previously, per AFROTECH™. “For the WNBA, this is home, and our bid represents an unprecedented opportunity for the league to come full circle and effect a long-hoped-for Detroit homecoming. No city is more prepared to embrace the team as a community asset that drives unity and common ground.” According to Sportico, the franchise would play at Little Caesars Arena, which cost $863 million to build and is home to the Pistons and Red Wings. As AFROTECH™ previously reported, Michigan’s largest city had a WNBA team called the Detroit Shock from...

There were some initial hesitations around Unrivaled’s 3-on-3 women’s basketball league, but that has not stopped it from attracting notable investors. Unrivaled is a startup founded in 2023 by WNBA players Napheesa Collier and Breanna Stewart. As AFROTECH™ previously told you, its business model is unprecedented, offering the highest salaries in women’s sports and granting participating players an equity stake in the league. Its concept has proven to be a success among its players. “Everybody got equity coming into this league, that’s the most important thing…I know five years from now this thing is gonna be bigger than ever,” Angel Reese from Unrivaled’s Rose BC team shared during a virtual press conference held in January. View this post on Instagram A post shared by Rose BC (@rosebc) The potential of Unrivaled was not understood by all. In fact, Collier recalls receiving various “no’s” during the league’s inception. “It was hard because you think the same thing like, ‘Oh, I’m an...

TikTok creator Anayka She was once severely underpaid by her agency. The beauty creator and artist from Brooklyn, NY, who has amassed 1.7 million followers on TikTok, took to the platform to discuss compensation in comparison to white counterparts such as Bran Flakezz, born Brandon Edelman. He shared that he earned $768,000 in 2024 as a content creator. He currently has 1.1 million followers on TikTok. It is widely known that Black individuals have to work ten times harder just to see half the success of their white counterparts. She reveals that while being managed at Carter Agency, which is led by Josh Popkin, she was misled about her earnings from brand deals. “The head of Carter Agency, Josh Popkin, this is what he would do. He would tell you that the brand deal was $2,000. It was actually $10,000,” she explained in a TikTok video. “He would take that $8,000, then take the 20% fee off of the $2,000. And guess what? He was targeting Black women mainly. When we all found out and...