The Walt Disney Company, an iconic global leader in entertainment, continues to hold a strong position in the market. Market cap measures a company’s total value on the stock market by multiplying its share price by the number of outstanding shares. This metric provides investors with a straightforward way to assess a company’s size and financial standing. Internationally recognizable and a titan in the entertainment industry, what is Disney’s market cap in 2024? Here, we’ll dig into that number and what factors are at play to support it. Disney’s Diverse Portfolio Disney’s valuation is driven by its vast portfolio of entertainment assets. Its film and TV divisions, which include blockbuster franchises like Marvel, Star Wars, and beloved animated classics, remain consistent revenue generators. The Disney+ streaming platform has established itself as a major industry player, even as it faces fierce competition from Netflix, Amazon Prime, and other services. All together, Disney’s...

Investing in a profitable franchise is an attractive way to start a business with a well-established brand, proven business model, and ongoing support. High-profit franchises allow owners to maximize their returns while leveraging a recognized name and customer base. Here’s a look at some of the most profitable franchise opportunities in various sectors, what they offer, and why they are among the best choices for those looking to start a successful franchise. Fast-Food And Quick-Service Franchises Fast-food and quick-service restaurants (QSRs) are consistently profitable, especially those with large brand recognition and wide customer appeal. For example, McDonald’s and Chick-fil-A are considered some of the highest-grossing franchises in the food industry. These franchises benefit from high consumer demand, streamlined service models, and generally strong brand loyalty. Although upfront costs can be substantial, particularly for McDonald’s, with the average franchisee bringing in...

In 2024, BMW remains one of the most prominent car manufacturers worldwide, known for its luxury and performance-driven vehicles and, sometimes, even flying cars (yes, you read that right.) That said, articles published earlier this year have estimated that BMW will make less money in 2024, with the issue being production costs. As investors consider BMW’s financial standing, an important metric to examine is its enterprise value (EV). So, what exactly is enterprise value, and how does it apply to a company like BMW? What Is Enterprise Value (EV)? Enterprise value is a comprehensive measure of a company’s total value, often used by investors to evaluate the full cost of acquiring a business. Unlike market capitalization, which only accounts for the value of a company’s outstanding shares, enterprise value takes into account additional financial factors, such as debt and cash reserves. Essentially, EV reflects what an investor would have to pay to acquire the entire company,...

Amazon, one of the world’s most influential companies, continues to grow its presence across various industries in 2024. Known for its dominance in e-commerce, cloud computing, and digital entertainment, the company’s market capitalization reflects its massive global impact. As of 2024, Amazon’s market cap remains a key indicator of its financial health and industry dominance. Let’s explore what Amazon’s market cap is in 2024, what factors influence it, and why it remains one of the most valuable companies in the world. What Is Market Capitalization? Market capitalization, often referred to as market cap, is the total value of a company’s outstanding shares of stock. It’s calculated by multiplying the current stock price by the number of outstanding shares. For a company like Amazon , with its large number of shares traded on the stock market, this figure provides an insight into how much the market values the company. For example, if Amazon’s stock price in 2024 is around $3,500...

McDonald’s, the global fast-food giant, continues to maintain a dominant presence in the quick-service restaurant industry in 2024. Known for its iconic menu items like the Big Mac, fries, and McFlurry, McDonald’s is much more than just a food company. Its market capitalization, or market cap, reflects its broad financial success, brand power, and global influence. In this article, we’ll take a look at McDonald’s net worth, or more accurately its market cap in 2024, what factors contribute to its valuation, and why it remains one of the most valuable companies in the world. What Is McDonald’s Market Cap? Market capitalization is a financial metric that represents the total value of a company’s outstanding shares of stock. It’s calculated by multiplying the company’s current stock price by the number of shares outstanding. For a company like McDonald’s, which has millions of shares trading on the stock market, market cap provides insight into how the market values its business. For...

In 2022, only an estimated 11.9% of Fortune 500 board seats were filled by Black board members, per Missing Pieces Report. The alarming statistic is part of why executives like Samuel Bright, vice president and general manager of Google Play plus the developer ecosystem at Google, actively push to advocate for diverse voices to be heard in the boardroom. During the fireside chat “ The Kaleidoscope Effect: Redefining Boardrooms” at the 2023 AFROTECH™ Conference, Bright detailed his board service journey including joining TIAA’s board. As previously reported by AFROTECH™, the financial retirement services company is helmed by Thasunda Brown Duckett, who is one of two Black women CEOs to lead a Fortune 500 company. “I’m very fortunate that TIAA has had DEI ingrained in its DNA,” Bright told Kelly Buchanan Spillers, chief marketing officer of Infor at the time, during the fireside chat. “It is when I was joining the board I was joining a diverse board. Also, there’s a very diverse...

Flau’jae Johnson is putting down roots in more ways than one. On Friday, the Louisiana State University (LSU) basketball guard and rapper shared that she has purchased 20 acres of land, a significant step toward turning her dreams into reality. In a celebratory Instagram post , Johnson said, “GOD IS AMAZING! I Done Got Addicted To The Acres. 20 Years Old With a total of 20 Acres !! Generational Wealth Fr @HomeDepot, what’s up?? Help me make some dreams a reality!”   View this post on Instagram   A post shared by Big 4️⃣ (@flaujae) For Johnson, her dreams reach far beyond her talents of music and basketball. “This land represents more than just an investment for me—it’s about building something bigger than basketball or music. I want to create opportunities for my community and leave a legacy that shows young women, especially young Black women, that we can do it all. Owning 20 acres at my age is proof that with vision and hard work, we can break boundaries and build the future we...

Phrases like “Home is where the heart is” or “There’s no place like home” are common ways to describe a person’s connection to a place based on fond memories and comfort. But for those with a robust real estate portfolio, home can be wherever their investment dollars lead them. Naomi Campbell is an example of the latter. Naomi Campbell Is Multi-Dimensional Campbell, the British supermodel perhaps best known for her signature runway walk and fashion style, has invested in several global properties, adding to her business diversity. In 2024, Campbell was honored at London’s Victoria and Albert Museum with a first-of-its-kind exhibit — Naomi: in Fashion — that opened June 22, 2024, and runs through April 6, 2025. The exhibit traces her 40-year journey from her childhood days as a dancer to the pinnacle of her modeling career in the 1990s. As MSN reported, the exhibit features her signature looks and career-defining moments. This exhibit not only celebrates Campbell and her fellow Black...

Mooski’s 2021 hit “Track Star” may be filled with double entendre and deeper meanings, but its opening line — “She’s a runner. She’s a track star”— takes on a literal meaning for Sha’Carri Richardson. Richardson is a Dallas, TX, native whose track career has experienced some hills and valleys but never infused extreme doubt for anyone who has followed the star’s journey. Her athletic prowess was confirmed even further when she qualified for the 2024 Paris Olympics. Sha’Carri Richardson’s Journey Richardson’s 2024 qualification is a testament to her resilience following a challenging period in 2021. According to a Forbes profile, a failed drug test led to a one-month suspension, causing her to miss the Tokyo Olympics. Her candid discussion about using cannabis to cope with the stress of Olympic qualifying and the loss of her biological mother earned her widespread respect. Despite the emotional turmoil, Richardson returned triumphantly in 2023, securing gold in the 100 meters at the...

If someone uses the phrase “can’t touch this” to emphasize how they stand on business, they owe a piece of their clap-back vocabulary to legendary rapper MC Hammer. Stanley Kirk Burrell, better known as MC Hammer, was more than just a rapper — he was a cultural phenomenon. An Oakland, CA, native who burst onto the scene in the ’80s and ’90s with his high-energy performances and flashy style, MC Hammer’s hits like “2 Legit 2 Quit,” “U Can’t Touch This,” and “Addams Groove” became anthems of a generation while his unique fashion sense, such as the balloon Hammer pants, set trends. The Rise Of MC Hammer In 1991, MC Hammer won three Grammys for the previous year’s work — Best Rap Solo Performance, Best R&B Song, and Best Music Video – Long Form. During this era, the rapper appeared in movies and television shows, was sought out to perform on late-night talk shows, and inspired fashion trends. View this post on Instagram A post shared by MC HAMMER (@mchammer) Although the rapper found...

Pioneer Opal Lee has received the keys to her new home. As AFROTECH™ previously reported, in 1939, 12-year-old Lee along with her family were removed from their home in Fort Worth, TX, by a racist white mob. “Just to know that there might be children that we could have played with, that we might have known their families,” Lee told CBS News Texas. “We just wanted to be good neighbors, that’s all.” The outlet also notes Lee never lost hope that she would one day own that very land. Her wishes would come true in January 2024 when she received a homecoming and a cquired ownership of the land that was stripped from her family. Building on this milestone, a home was recently constructed for Lee on the property, and she has received the keys to her new home. She was given the property for $10 thanks to North Texas organizations such as Trinity Habitat for Humanity and Texas Capital. Additionally, HistoryMaker Homes is credited for building the home free of charge, and JCPenney aided to...

Franchising is a strategic way to hit the ground running with your new business while building on the legacy and structure of an established business brand. Here’s a friendly guide to help you understand what it takes to open a franchise and what to expect along the way. New businesses use this model to buy brand recognition , a proven business model and dedicated support from successful businesses. What To Know As An Entrepreneur Opening A Franchise Entrepreneurs who want to open a franchise should consider the following: Background Check Do your research on various opportunities and terms. Consider industries that interest you and have growth potential. Look into the franchisor’s reputation, the level of support they offer, and their financial health. Business Appraisal Entrepreneurs who want to open a franchise should assess your skills, interests, and financial situation. Opening a franchise requires a significant investment, so ensure you have the necessary capital or access to...

The Atlanta Falcons has welcomed four limited partners. According to a press release shared with AFROTECH™, Rosalind Brewer, Will Packer, Dominique Dawes, and Rashaun Williams are now a part of the NFL team’s ownership group. The additions come after the 32 NFL majority owners reached a final vote in Nashville, TN. Ahead of the approval, Brewer, Packer, Dawes, and Williams were vetted by the Atlanta Falcons, the league office, and the NFL’s Finance Committee, the press release discloses. For Brewer, in addition to being a limited partner, she will continue to serve as an associate board director for Falcons owner Arthur M. Blank’s Family Foundation. “ As I embrace the opportunity to become a limited partner of the Atlanta Falcons, I’m reminded that true leadership extends beyond boardrooms and onto the fields where dreams are forged and communities united,” Brewer shared in a statement. “ My journey has always been about people – their stories, aspirations and the communities we...

Ice Cube is finally putting plans in motion to sell teams included in his Big3 basketball league roster. According to Bloomberg, in a deal worth $10 million, the 3-on-3 basketball league has sold its first team to an outside party. Led by investment firm DCB Sports, a group has acquired the team, with Los Angeles, CA, to serve as its home city. This also launches the league’s transition from a touring league to a city-centric model. All 12 teams on the roster have been put up for sale. “We need to plant our roots in cities so we can be more than a rolling all-star game coming through,” Ice Cube said in an interview with the outlet. “It’s really about growing the sport and the league.” Created in 2017, teams in the Big3, which include the 3 Headed Monsters, Ghost Ballers, and more, have been owned and operated by the league. Per the report, management aims to announce four new ownership groups by the start of its season, which kicks off in June.   View this post on Instagram   A post...

If one were to walk down the hair care aisle of any major big box store, there is a high chance Shea Moisture would be on the shelves. With products like shampoos, conditioners, and oils, the natural hair care line has been serving Black and Brown communities for years. But did you know the brain behind the massive beauty and hairline is Liberian-born mogul Richelieu Dennis? From Humble Beginnings To A Purpose-Driven Mission Dennis attended Babson College and began selling shea butter from his dorm room. By the early 90s, he had leveraged his dorm room sales to start the Shea Moisture line, which would eventually become a part of the parent company Sundial Brands. However, Dennis’ journey was one of hard work, selling his product from a card table in Harlem. Beyond the entrepreneurial spirit, Dennis recognized his product was not just a hustle but a connection to something greater. “But for me, there was this overwhelming sense of responsibility: there were no real products or...