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50 Cent Secures 30-Year Lease To Bring A Sports And Entertainment Hub To Shreveport, LA

50 Cent has secured a 30-year lease on a local venue to further his goal of revitalizing Shreveport, LA. As AFROTECH™ previously told you, through G-Unit Studios, he has the second-largest Black-owned studio, only trailing Tyler Perry. The 985,000-square-foot property in Shreveport is being used “to operate a production studio and/or activities and uses related to the promotion or development of the film, sound, light, movie, television, broadcasting, recording, and arts industries.” “Founding my own studio is the next step in my plan to expand G-Unit Film & Television’s output of premium, diverse content across all media and to provide more opportunities for artists, crew members, and the communities that support production of that content,” 50 Cent told KTAL News 6 at the time. Beyond the studio grounds, 50 Cent has been expanding his efforts across the city. In September 2024, a three-phase plan was announced that will include housing for low- to moderate-income families. Most...

Mar 27, 2025

50 Cent Is Reportedly The Second-Largest Property Owner In Downtown Shreveport, LA

50 Cent is making major real estate moves in Shreveport, LA. G-Unit Studios As AFROTECH™ previously reported, the entrepreneur opened G-Unit Studios in the city, now the second-largest Black-owned studio behind Tyler Perry. The 985,000-square-foot property is being used “to operate a production studio and/or activities and uses related to the promotion or development of the film, sound, light, movie, television, broadcasting, recording, and arts industries.” View this post on Instagram A post shared by 50 Cent (@50cent) “Founding my own studio is the next step in my plan to expand G-Unit Film & Television’s output of premium, diverse content across all media and to provide more opportunities for artists, crew members and more jobs within the community,” 50 Cent told KTAL-6 News. Housing Project 50 Cent’s plans for Shreveport also extend beyond his studio. He is rolling out a three-phase plan to transform the city through areas including housing. “We start building houses, and we...

Sep 6, 2024

Snoop Dogg To Open Cannabis Shop Near LAX, One Of The Busiest Airports In The World

Snoop Dogg is bringing a new cannabis shop to Los Angeles, CA. The rapper, born Calvin Cordozar Broadus Jr. in Long Beach, CA, is preparing his latest venture. According to Benzinga, he is poised to open a cannabis store between the Los Angeles International Airport (LAX), one of the busiest airports in the world with 75 million visitors annually, and SoFi Stadium. LAX is one of the busiest airports in the world, with 75 million visitors annually, per L.A. Business First. The shop has been named S.W.E.D, which stands for “Smoke Weed Every Day.” Snoop Dogg confirmed the store’s launch on X, formerly known as Twitter. The grand opening is set for July 14 at 3 p.m. at 5494 W Centinela Ave., Los Angeles, CA 90045. Snoop Dogg and Death Row Records are expected to be in attendance. “SWED. My store grand opening this Sunday 7/14 here in LA. Ima pop out n c yall there,” Snoop Dogg wrote on X. The dispensary plans to showcase Snoop Dogg’s legacy with memorabilia like the wooden Death Row...

Jul 12, 2024

50 Cent And G-Unit Announce Housing Project In Shreveport, LA, With Aim To ‘Help Low To Moderate-Income Families Get Mortgages’

50 Cent plans to develop housing in Shreveport, LA. As Blavity previously shared, the Shreveport area is now home to the rapper’s G-Unit Studios, an extension of his G-Unit Films and Television company. The 985,000-square-foot property aims “to operate a production studio and/or activities and uses related to the promotion or development of the film, sound, light, movie, television, broadcasting, recording, and arts industries,” per a previous report by AFROTECH™. G-Unit Studios’ purpose includes giving opportunities to creatives and the community. 50 Cent has announced a three-phase plan to revitalize the area, with housing development being a focus area, according to KTAL-6 News in Shreveport. “We start building houses, and we have an idea to go into communities and help low- to moderate-income families get mortgages,” Orville Hall, G-Unit’s growth advisor, said per KTAL-6. Furthermore, plans will focus on supporting youth by creating new media programs. “We’re going to go to each...

Jun 17, 2024

The First Student From LeBron James' I Promise School Graduates College

Anthony Claytor is the first I Promise School student to graduate from college. As AFROTECH™ previously reported, the school launched in Akron, OH, through the LeBron James Family Foundation, which was established in 2004 to “positively affect the lives of children and young adults through education and co-curricular educational initiatives.” The I Promise School came into fruition in 2017 through a partnership with Akron Public Schools (APS) and a committee of local leaders, educators, parents, and experts, Andscape reported. The school officially opened in 2018. “This school is so important to me because our vision is to create a place for the kids in Akron who need it most — those that could fall through the cracks if we don’t do something,” James said at the time, according to Andscape. “We’ve learned over the years what works and what motivates them, and now we can bring all of that together in one place, along with the right resources and experts. If we get to them early...

Jun 13, 2024

Sandra L. Richards Talks About Becoming A Corporate Catalyst At Morgan Stanley, Leading DEI Efforts And A Financial Education Program

Determined to have her voice heard in the financial sector, Sandra L. Richards now leads with over 20 years of experience. Since May 2007, she has been a dedicated member of Morgan Stanley. Initially hired as a director, diversity specialist, she supported diversity strategies in recruiting, retention, and business development. Over the years, Richards has been promoted six times, including moving into roles as vice president, business development officer – diverse and multicultural markets; managing director, head of business development and segment marketing; and most recently, managing director, head of global sports & entertainment and segment sales & engagement group for the past five years, according to LinkedIn. In her current role, she focuses on helping entertainers, industry professionals, and athletes build wealth by providing advice, tools, and resources. She is spearheading the digital financial education program Money In The Making, which encompasses topics such as...

Jun 3, 2024

How Parting Ways With 'Undisputed' Led Shannon Sharpe To Call His Own Shots Through Ownership — ‘You Can’t Fire Me From "Club Shay Shay" ‘Cause I Own It’

Shannon Sharpe is calling the shots now. The former NFL player, who is now a commentator and media personality, has found greater security by turning his full attention towards his own media company, Shay Shay Media, and through podcasts such as “Club Shay Shay” and “Nightcap” featuring former NFL wide receiver Chad Johnson. Notably, the K att Williams interview with “Club Shay Shay” on Jan. 3, 2024, became the most-watched interview in YouTube history, with more than 68 million views. View this post on Instagram A post shared by Shannon Sharpe (@shannonsharpe84) Sharpe’s accomplishment followed a challenging exit from “Undisputed” after the 2023 NBA finals. During a panel discussion hosted by “The Black Money Tree” podcast, he acknowledges the sacrifices he made for his prior job and how he had to find the light at the end of the tunnel, which inevitably led to his next career breakthrough. “I’d be lying if I told you I thought I would be where I am right now at this point in...

May 31, 2024

How Partake Foods Founder Denise Woodard Disrupted The CMG Space And Raised $30.5M In Capital Fueled By A Commitment To Her Daughter's Health

Responding to a fundamental calling, Denise Woodard became a visionary in a $2 billion industry. Her Calling Woodard was looking to find a solution to help her daughter who had various food allergies, as previously reported by AFROTECH™. She was searching for snacks that would help her daughter but ultimately started creating her own recipe for cookies made without wheat, tree nuts, peanuts, milk, eggs, soy, fish, sesame and shellfish — launching vegan company Partake Foods in 2016. Woodard saw great promise in her products and believed others would too. She received checks up to $10,000 from family and friends through a Kickstarter campaign to scale the business into Whole Foods and Wegmans, she told Forbes. “I was cobbling together $5,000 and $10,000 checks to keep the lights on, from anyone who would listen,” she told Forbes. “The dribs and drabs were not enough, so I sold my engagement ring. But we were seeing traction, which led us to raise our first institutional round.” A...

May 30, 2024

Mississippi Native Marquitrice Mangham Opened A Grocery Store To Combat Food Insecurity, And She’s Enlisting The Help Of Local Farmers To Do So

Marquitrice Mangham has opened a grocery store in her hometown. According to Capital B News, Mangham was born and raised in Webb, MS, but moved away after high school. Now living in Atlanta, GA, she ventured back part-time to the Mississippi community of less than 500 residents in 2016 after she inherited family farmland. Upon her return, Mangham recognized worsening circumstances had affected housing and businesses in the area. Additionally, for household needs locals could only rely on a Dollar General, which had been in operation since 2009. The nearest grocery store was a 20-mile drive. Mangham decided to support the community by establishing Farmacy Marketplace in 2022. The 2,500-square-foot store sources its fresh foods and meats primarily from local farmers. Additionally, she opened the grocery store under her nonprofit, In Her Shoes, to have access to programs and resources that can sustain the store in the community. “There was only one grocery store in the whole county,...

May 30, 2024

Bob Marley Family And Premiere Cannabis Brand Jeeter Release 'One-Of-A-Kind Cannabis Line'

Bob Marley’s legacy continues to stand the test of times. According to a news release shared with AFROTECH™, the Bob Marley family is collaborating with premiere cannabis brand Jeeter to launch a limited edition Jeeter x Bob Marley “One Love” Unity Joint. The venture is in alignment with the late singer who often smoked weed for its spiritual and medicinal properties as a Rastafarian, GQ reports. To bring the product to the public, Jeeter and the Marley family took a trip to Nine Mile, Bob’s birthplace located in Jamaica, where the team immersed themselves in the culture and music. Additionally, the Marley family worked closely with Jeeter to assist with the strain and packaging to ensure the final product was authentic to Bob’s legacy. “Jeeter’s work in the cannabis space has been incredible,” expressed Cedella Marley, Bob’s daughter and CEO of Bob Marley Group of Companies. “Cannabis culture and the Marley movement go hand in hand. Jeeter’s deep dive into Jamaican culture has been...

May 24, 2024

At Age 31, Rohan Marley Received An Ultimatum From Brother Ziggy Marley To Enter Into Business — Today, He Has An Empire Of Hotels, A Coffee Brand, And More

The legacy of the late Bob Marley remains prevalent. Bob’s musical influence extends globally, with Rolling Stone recognizing “Exodus,” his ninth studio album with the Wailers, as No. 48 on its list of “The 500 Greatest Albums of All Time” in December 2023. What’s more, his story is currently being told in a biopic across movie theaters. “Bob Marley: One Love” has earned $71.1 million domestically and $120.5 globally, according to Entertainment Weekly and Comscore (at the time of this writing). Though his life was cut short at 36, following a battle with malignant melanoma, t he Marley family continues to carry the torch of their father while also carving their own paths. At the time of his death, Bob did not have a will, and his inheritance was given to his wife, Rita, and 11 children. As AFROTECH previously told you, with that financial investment in each of his children, many have built on that foundation with net worths now reportedly set in the multi-millions. This includes...

Feb 28, 2024

Comcast RISE To Support Atlanta Black-Owned Businesses Through $1M Grant

Small business owners in Atlanta, GA, are in for a real treat thanks to this move by Comcast. The telecommunications company has announced that it will award 100 businesses in the area with $1 million in grants. The grants will be available to small businesses that are owned and operated by women and people of color including Black, Indigenous, Hispanic, and Asian American owners. Atlanta makes up one of the five cities included in the Comcast RISE Investment Fund, which has allotted a total of $5 million to be distributed across 500 businesses. To date, the company has been able to provide $16 million to businesses owned by people of color. Other cities that have been tapped to participate in the program include Detroit, Pittsburgh, Philadelphia, and Twin Cities. Formed in 2020, Comcast RISE — whose acronym stands for “Representation, Investment, Strength and Empowerment” — has been on a mission to equip business owners from underrepresented communities with the resources needed to...

May 31, 2022

A Look Into The $9M Foundation Lauryn Hill Set For Her Six Children Through Her Career

If there’s one thing Lauryn Hill is going to do, it’s a living legend. From her time in the Fugees to her acting career (remember “Sister Act 2”?), to the release of her seminal debut album, “The Miseducation of Lauryn Hill,” the New Jersey native has cemented her place in the pop culture zeitgeist . And even if she never releases another album again, her voice and her music will live forever. If that’s not a legacy, nothing is. But more than just the voice of a generation, she’s a mother. Her six children — five of whom are the product of her long-time relationship with Rohan Marley, son of the legendary Bob Marley — are not only the heirs to the Marley family’s $500 million overall legacy. According to Money, Inc., Lauryn Hill earned more than $25 million at the peak of her career between touring and record sales (both with the Fugees and as a solo artist). And despite her past financial issues — including a stint in jail for tax evasion and a $5 million settlement with her...

How Bob Marley's Family Is Maintaining His Reported $500M Legacy — And Building Their Own

Though Bob Marley’s life was cut too short too soon, the Marley family is still maintaining his legacy. Regardless of your opinion on Bob Marley’s music while he was alive, the fact is, no Jamaican artist has done more to bring reggae music into the mainstream than Robert Nesta Marley. His contributions to both rock music and reggae music were so profound that, according to Forbes Magazine, the Marley family estate generated an estimated $23 million in 2018 off of official Bob Marley licensed materials alone . In 2020, Bob Marley was the eighth-highest paid dead celebrity, according to Forbes. And according to Cheatsheet, the Marley empire is said to be worth more than $500 million altogether. “There are millions of dollars worth of unauthorized products using Marley’s likeness. Between the authorized and unauthorized licensing fees, there is reportedly $500 million of revenue annually,” according to the outlet. As Rolling Stone reported in 2015, the Marleys successfully sued a...