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Nas, Resorts World NYC Unveil A $5B Proposal He Says Could Give 'New Opportunities To The Hard-Working Families' In His Hometown Of Queens

Nas is spearheading a plan to change the landscape of New York City. The music icon has partnered with Resorts World Casino New York City and its parent company, Genting America East, to revitalize his beloved Queens neighborhood. As reported by Commercial Observer, Genting America East executives, including the artist, shared plans for a $5 billion redevelopment endeavor to transform the Resorts World establishment into a “Las Vegas-style casino.” The blueprint for the project includes amenities such as 30 new opportunities for food and beverage vendors, a 7,000-seat performance space, and 1,600 new hotel rooms inside the existing Hyatt Regency at John F. Kennedy International Airport. Genting America East also proposed a 350,000-square-foot extension of the Resorts World casino floor. If approved, the move would position the casino as the largest gambling establishment globally, per the outlet. Beyond revenue-generating additions, the proposal includes housing units that could...

Michelle Burk

Mar 1, 2024

Herman Moore Went From NFL Player To Franchisee Of All Cinnabon Stores In Michigan And Florida During The Early 2000s

The humble beginnings of Herman Moore were not going to stop him from achieving greatness, even beyond his playing days in the National Football League (NFL). According to Detroit Free Press, the former Detroit Lions player was taught by his mother the habit of looking at life from a broader perspective, a practice he maintained even in the face of financial difficulties. “She had me at 21 and worked so many jobs,” Moore told the outlet about growing up in Danville, VA. He continued, “We were a low-income family. We lived on less than $18,000 a year. But she made sure my sister and I always knew the endgame. We lived in government housing and were on food stamps, but that is not an excuse to not excel in life and to also help others.” Moore would lay his own foundation for generational wealth-building in 1991 after being drafted to the Detroit Lions and signing a three-year $2.4 million contract with the team, which included a $1.2 million signing bonus, according to Spotrac. Moore...

Samantha Dorisca

Feb 9, 2024

Aliko Dangote, The World's Richest Black Man, Opens $19B Dangote Petroleum Refinery

It appears things are officially in motion for Aliko Dangote’s new business project.

Ngozi Nwanji

Jan 22, 2024

Mellody Hobson's Ariel Alternatives Buys Majority Stake In Multicultural Media And Advertising Company My Code

There are new strides being taken by Ariel Alternatives co-founders Mellody Hobson and Leslie A. Brun.

Samantha Dorisca

Dec 5, 2023

Daymond John's Mom Took Out A Loan To Invest In Him — Now He's Helping Other Black Entrepreneurs Gain Access To Funding

Entrepreneurship is a long, arduous journey that’s rarely linear. And, for Black entrepreneurs the process can be even harder. It’s no secret that minorities and female founders often struggle to secure capital when compared to white male founders. Even attracting as much visibility in mainstream media as other businesses — including social media growth — can be harder. Plus, not having a network of fellow entrepreneurs who understand the challenges can make the entire experience lonely. Daymond John, a serial entrepreneur, understands this process all too well. From his days launching the iconic streetwear apparel brand FUBU to parlaying his business acumen into the investor niche, John learned from his growing pains. Now, he wants to help other Black-owned businesses navigate those issues. From Hollis, Queens, To The Tank Today, John is a household name, thanks to his tenure on the ABC’s “Shark Tank.” But many people are familiar with him from FUBU, a streetwear brand he started...

Rick Ross' Cattle Ownership Might Be Grounds For A Serious Tax Exemption — Here's How

Rick Ross has not been dubbed the biggest boss by playing it safe. Take, for example, his latest agricultural endeavors, which include the purchase of a cow, a lion, and a lioness, as well as two buffalos — gifted by clothing and underwear brand Ethika — TMZ reports. “We are gifting Ross these Buffalo after a conversation at his birthday party back in January. I wanted to get him a giraffe but he wasn’t ready for that commitment so he said let’s start smaller, like a cow. I said ‘Nah, everyone has cows, I want you to have something nobody in your state has, I’m getting you a Buffalo,’” Darius Burton, director of brand operations at Ethika, told TMZ.  

Shanique Yates

Jul 21, 2022

In 2030, Allen Iverson Will Reportedly Land A $32M Payday Thanks To His Lifetime Deal With Reebok

The phrase “greatest of all time” is used loosely. However, when it comes to Allen Iverson, his name is synonymous with GOAT — period. Iverson has achieved great feats within the NBA, including consistently leading his teams to the playoffs and even a stint in the finals, but as a person, he has continued to defy all odds, remain humble, and most importantly, show love where it’s due. As previously reported by AfroTech, there was once a time when Allen Iverson blew through $200 million, yet he still landed on his feet. Today, Allen Iverson reportedly has a $1 million net worth, according to Celebrity Net Worth. Plus, he’s about to reap the rewards of a lifetime deal with Reebok. In most instances, people may dread the thought of growing older, but in this case, the next few birthdays for Iverson will lead him to a huge payday. On his 55th birthday, the Newport News, Virginia native will receive $32 million, thanks to a lifetime deal he has with Reebok, FadeAwaySports reports. Let’s...

Shanique Yates

Jul 14, 2022

Dega Nalayeh Migrated To Canada At Age 11 — Now, At Age 49, She's Amassed A $6.4B Book Of High-Profile Banking Clients

Sometimes, all it takes is one dream to change a person’s life forever. Somalian refugee-turned-banker to the wealthy elite, Dega Nalayeh, created the blueprint for her success early on in life. After migrating to Canada with her family at the age of 11, Nalayeh had to overcome a few feats including adapting to the country’s cold weather and learning English. As the daughter of a former Somali politician, she knew the power of decision-making and would soon develop a love for math and science, mainly because of her school’s lack of ESL courses. While she managed to find a balance between staying on top of her school work and working a newspaper route to help support the family, Nalayeh had no idea what she wanted to be once she grew up, but she did have hard-working supportive parents. “My parents made it exciting, that I was a girl with this freedom in a country where i was safe and had choices,” said the 49-year-old in an interview with Insider. It wasn’t long before she used her...

Shanique Yates

Jul 8, 2022

'One Of The Craziest Deals' Snoop Dogg Has Ever Turned Down Involves $2M And Michael Jordan

Snoop Dogg’s money has been on his mind since “Gin and Juice,” but at this moment, it may not have been the case.  

Samantha Dorisca

May 26, 2022

Tiffany Haddish Shares Productivity Hack, Which May Lead To Her Next Goal: 'My Big Goal Is To Open An Amusement Park'

Tiffany Haddish consistently tells the people, “She ready.” From journaling to stretching and all kinds of personal productivity hacks, Haddish gave the world some in-depth details of how the comedian readies herself daily.

Josh Rodgers

May 24, 2022

Snoop Dogg Purchases Minority Ownership Stake In Team A Part Of Ice Cube's BIG3 Basketball League

Snoop Dogg has purchased a minority stake in Bivouac, a team a part of Ice Cube’s BIG3 basketball league. According to a press release, Snoop Dogg joined venture capitalist and co-founder of PayPal Ken Howery to buy 25 Fire-Tier editions of Bivouac. While Snoop Dogg can officially celebrate becoming a team owner, he hinted at it in a video clip posted in late April by Ice Cube on Twitter. Snoop is buying 2 teams in the BIG3. Better get in where you fit in and join the BIG3 Ownership Discord. 🏀🏀🏀 pic.twitter.com/RvXABl3XXh — Ice Cube (@icecube) April 23, 2022

Samantha Dorisca

May 9, 2022

Meek Mill Asks Elon Musk To Share The Wealth Of Twitter — 'Let Us Invest In Twitter With You 'Big Homie''

Meek Mill is putting a whole new spin on one of his most iconic opening lyrics, “I use to pray for times like this….” Recently, the Philly native tweeted his desire to get a piece of Twitter. Meek used the social media platform to make a proposition to Elon Musk about being an investor in the company once the massive acquisition is officially complete. “Elon musk let us invest in Twitter with you ‘big homie’,” Meek tweeted to Musk. Elon musk let us invest in Twitter with you “big homie” — MeekMill.nft (@MeekMill) May 5, 2022

Josh Rodgers

May 6, 2022