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Ray J, the businessman, strikes again! According to The Jasmine Brand, the superstar has officially announced plans to sell his shares in Raycon to launch a television platform, Tronix Network. The move includes his departure from Raycon Global, the company responsible for taking him to greater heights as an entrepreneur. View this post on Instagram A post shared by Ray J (@rayj) Per sources, Ray J aims to reshape the entertainment landscape through the launch of Tronix Network. “This isn’t merely about transitioning from one venture to another; it’s about seizing control of destiny’s helm and steering it towards his ultimate vision,” a source told the outlet. No stranger to making deals to propel him to the next level, Ray J previously described the sale of his Scoot-E brand as a blessing in an interview with AFROTECH™. “It was an interesting deal,” Ray J told AFROTECH™. “It was right before the pandemic, we sold it to a company called LOOPShare, out of Canada. Really good...
Over the past four decades, Mellody Hobson has shattered glass ceilings. The businesswoman and investor joined Ariel Investments, the first Black-owned mutual fund company, as president for 20 years until she became co-CEO in 2019. Hobson has worked alongside John W. Rogers Jr. — who founded Ariel Investments at age 24 — for a long period. However, according to Fortune, the duo’s workplace camaraderie runs deeper than some may know. In February 2024, Ariel Investments announced the release of “Ariel at 40,” which was produced by Crystal McCrary McGuire Productions. The documentary tells the story of how the firm fought back against numerous challenges and persevered. View this post on Instagram A post shared by Ariel Investments (@arielinvestments) “I don’t come from the world of finance, but from a filmmaking perspective, it was just such an incredible story of perseverance, excellence, and trailblazing,” said McGuire, who described Ariel Investments to the outlet as an...
