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Former NBA teammates and Hall of Famers Tracy McGrady and Vinca Carter have invested in the Buffalo Bill’s organization, which is currently valued at $4.2 billion, per Forbes. According to a post shared on the team’s official Instagram account, the Bills announced 10 limited partners to join the franchise, marking the first time the team has added limited partners. According to ABC News, the group was approved on Dec. 11, 2024, by owners Terry and Kim Pegula, who purchased the team for $1.4 billion in 2014 and will retain a 79% stake. The Buffalo Bills’ ownership group now includes three former Black professional athletes: McGrady, Carter, and former U.S. Men’s National Team soccer player Jozy Altidore. View this post on Instagram A post shared by Buffalo Bills (@buffalobills) Check out the breakdown below. McGrady McGrady is no stranger to the world of business. After retiring from the league in 2013 with $130 million in career earnings, he expanded his portfolio into real estate,...
Anthony Edwards has been making headlines recently for his prolific performance on and off the court . Since joining the NBA in 2020, the young legend has already managed to stack up a list of accolades a mile long and has even landed a front-and-center placement as the subject of a season-long documentary with Netflix’s Starting 5 . The latter has seen Edwards popping up in the news a lot lately, due to his braggadocios nature and tendency to roast Jayson Tatum every chance he gets. Since Edwards has become such a major media figure in recent years, it only makes sense that we take a look at his net worth and various streams of income . According to Celebrity Net Worth , Anthony Edwards is currently packing an impressive nest egg of over $40 million, exemplifying his meteoric rise to super-stardom. So, let’s take a moment to study Edwards’ rise to popularity, college and NBA records, and other various streams of income to see what we can learn about his fast accumulation of...
History was made on Sunday, Sept. 22, 2024, as the Carolina Panthers and Las Vegas Raiders faced off in the first NFL game featuring women-led teams. As AFROTECH™ previously reported, The Raiders are led by Sandra Douglass Morgan, the first Black and Asian woman to serve as an NFL team president, taking over from Dan Ventrelle. The Panthers are led by Kristi Coleman, who replaced Tom Glick as president. The Panthers defeated the Raiders 36-22 on Sunday. Photo Credit: Louis Grasse Coleman was named president in February 2022, followed by Morgan in July of that year. According to the Raiders, the two women have formed a strong professional relationship over the past two seasons, with Morgan even joining Coleman for the Panthers’ International Women’s Day celebration in 2023. “You do feel a little bit more comfortable when you have someone else you can call,” Coleman shared, per the Panthers. “While Charlotte and Vegas are obviously two very different markets, the role and what you’re...
JuJu Smith-Schuster wasn’t a first-round pick in the 2017 NFL Draft, but the 27-year-old hasn’t let that stop him from shining on the field. He prepared for his professional career while playing wide receiver and safety at Long Beach Polytechnic High School as a teen, even gaining recognition as a five-star recruit from Rivals.com. The next natural step for Smith-Schuster was to play at the college level, joining the University of Southern California’s Trojans team from 2014-2016. During that time the athlete made a name for himself as one of the top wide receivers at his level, helping to secure him a rookie deal with the Pittsburgh Steelers. As he returns to a previous team for the 2024 season, football fans are curious about JuJu Smith-Schuster’s net worth , which is reportedly in the multi-millions. Since 2017, California Native Has Played For Three NFL Teams (Photo by Joe Sargent/Getty Images) After being drafted No. 62 overall in his rookie season, Smith-Schuster went on to...
Bright mind Heman Bekele has been named TIME’s 2024 Kid of the Year. As AFROTECH™ previously reported, Bekele, who was born in Addis Ababa, Ethiopia, developed the idea to create a Skin Cancer Treating Soap (SCTS), which resulted in a “compound based bar of soap charged with different types of cancer-fighting chemicals.” According to TIME, the soap incorporates imiquimod, which is a drug used in treating one form of skin cancer as well as other skin-related issues. “It’s supposed to help heal the skin internally, which will then show results externally because the skin cancer will slowly start to fade away,” Bekele explained in 2023. This led to him being recognized that year as “America’s Top Young Scientist” in the 3M Young Scientist Challenge, the nation’s premier middle school science competition created by 3M and Discovery Education. Bekele became the first Black scientist to receive the honor at 14 years old. “It’s incredible, and it’s definitely a once-in-a-lifetime type of...
Jay-Z wants to reclaim the body of work that started it all. TMZ reports Jay-Z’s legal team has sounded the alarm that in 2031 the rapper-turned-billionaire will obtain full rights to “Reasonable Doubt,” his debut album released in 1996. Per the outlet, these rights would have reverted back to Jay-Z 35 years after the release as part of the business deal either way. This announcement follows the news of an impending sale of Damon Dash’s 33% share in Roc-A-Fella Records, which is set to hit the auction block sometime on Aug. 29, 2024. Its listing at auction was set in motion earlier this year to cover the more than $800,000 judgement amount Dame Dash owed in a past copyright infringement and defamation of character lawsuit related to the making of the movie “Dear Frank.” As AFROTECH™ previously mentioned, Josh Webber, director of “Dear Frank” filed the lawsuit in 2019, claiming Dame Dash was trying to make the movie on his own after being fired as director himself. More recently,...
Jeannine A. Cook has found a permanent home for a bookstore backed by the Philadelphia, PA, community. Cook owns Harriett’s Bookshop, named in honor of abolitionist and emancipator Harriet Tubman, the Philadelphia Inquirer reports. Cook initially envisioned pursuing a consulting business but later pivoted to selling books and ultimately opened the storefront in 2020. She decided to try to buy the bookshop in 2022 and raised $75,000 in one weekend through a GoFundMe campaign, which later rose to $200,000 to support a down payment, the outlet notes. Cook was hoping to secure ownership of the building after witnessing nearby business owners closing their doors due to the cost of rent. However, the building’s owner, Sang Casenta, did not have an interest in making the sale at the time. “I couldn’t get this idea that I felt like a sharecropper out of my head,” Cook told the Philadelphia Inquirer. “I had a vision for something different, but I had no idea about how I was going to pull...
Joey Womack is on a mission to help 1 billion people by 2039. Womack founded Goodie Nation in 2014 with this in mind. The nonprofit organization exists to dismantle financial barriers faced by entrepreneurs of color, and it relies on cultivating relationships with its network to secure f unding and revenue, its website mentions. “We’re on a mission to change trajectories – accelerating futures by putting people and relationships at the center of innovation,” the website states. Goodie Nation also offers four programs that target different startup journeys including pre-seed tech startups, artificial intelligence (AI) startups, founders who have secured a seed round from venture capitalists, and those who have closed their first Series A round. The organization also has five additional special programs that includes its ATL BLK TCH program, which received over $150,000 from Kapor Center, Emory University The Philanthropy Lab , and the Community Foundation for Greater Atlanta’s GoATL...
A retail incubator is opening its doors to disadvantaged founders in Kansas City, MO. Startland News reports that The Porter House KC’s 811 Retail Incubator held its grand opening on July 27, 2024. The 811 Retail Incubator space is designed to ensure entrepreneurs will find support from the ideation phase to an establishment becoming a “fully fledged” business and aims to bridge the gap between pop-up events and permanent brick-and-mortar stores, PHKC’s website mentioned. “Our resilience has paid off, and it’s rewarding to see this space provide what these businesses have been looking for,” said Miranda Schultz, PHKC’s programs director, according to Startland News. According to PHKC’s website, Daniel Smith and Charon Thompson, co-founders of The Porter House KC and Kansas City natives, saw the firsthand struggles of business owners . “We wanted to become the bridge between underrepresented businesses and their access to entrepreneurial success,” a statement on the website read. The...
An affordable housing project is making its way to Portland, OR’s Black community. The Williams & Russell project is looking to revive the Albina community, an area in North Portland that was once home to many Black families and Black businesses, until they were pushed out, KPTV-12 reports. The soon-to-be revitalized area was expected to make room for an expansion of Legacy Emanuel Hospital in the 1970s , however plans never materialized, KGW-8 mentions. “They came in and they demolished everything with the idea that this would be developed, and it just sat vacant for five decades,” Bryson Davis, president and board chair of Williams & Russell CDC, said per KGW-8. Righting the wrongs of the past, the Williams & Russell project is looking to create more than 100 affordable homes, consisting of townhomes and apartments, on a 1.7 acre lot on the corner of North Russell Street and North Williams Avenue. To be eligible for the apartments, which come in one-to-three bedroom options,...
