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Vista Equity Partners Chairman and CEO Robert F. Smith believes diversity will overcome. As AFROTECH™ previously told you, diversity, equity, and inclusion (DEI) efforts are being dismantled, causing a ripple effect across various sectors. According to a news release, the White House issued executive orders to end all DEI practices in the federal workforce and in federal contracting and spending. This resulted in federal employees in DEI roles being placed on paid leave. A Maryland federal judge has since blocked portions of Trump’s executive orders, including a halt on federal contracts tied to DEI and restrictions on private companies with DEI programs, according to JD Supra. Furthermore, some companies have shifted their policies to align with the Trump administration, which some attribute to political pressures from conservative groups and figures such as Robby Starbuck. Companies that have adopted anti-DEI agendas include Target, which led to the retail giant being sued by its...
JuJu Watkins is making major moves on and off the court. On Tuesday, 8, 2024, ESPN reported that the University of Southern California star — who recently entered her second season with the team — signed a multiyear contract extension with Nike , securing “one of the richest shoe endorsement deals in women’s basketball.” Watkins joined the Nike family as a high school senior in October 2022. At just 19, she has consistently exceeded expectations during her time with the Trojans, leading the team to the Elite Eight for the first time since 1994 in her first year, according to CBS Sports. She boasted averages of 27.1 points, 7.3 rebounds, 3.3 assists, and 2.3 steals per game, ranking second nationally in scoring, per the outlet. With 920 points, she made history as the all-time leading scorer among freshmen in Division I women’s basketball, surpassing San Diego State University’s Tina Hutchinson who had the previous record of 898 during the 1983-84 season. As Blavity reported, Watkins...
Robert F. Smith is the second-richest Black man in America. Smith follows behind David Steward, the founder of IT management company World Wide Technology, who boasts an $11.4 billion net worth to secure the top spot among Black individuals, Forbes notes. View this post on Instagram A post shared by AFROTECH (@afro.tech) Smith’s return to the list is a result of his role as founder, chairman, and partner at Vista Equity Partners, a firm that invests in enterprise software, data, and technology companies, per its website. With more than $100 billion in assets since its inception, its portfolio companies include Forcepoint, Comply, Datto, Brainware, and InfoBlox, among others. In 2024, Vista Equity Partners made additional billion-dollar moves. This includes joining Blackstone in the acquisition of Smartsheet — an enterprise platform for modern work management — for an all-cash transaction valued at $8.4 billion in September, as AFROTECH™ previously told you. “Modern enterprises rely...
David Steward is the richest Black man in America. Forbes has released their annual Forbes 400 list, a definitive ranking of the country’s richest people. Featured individuals had to earn at least $3.3 billion, which was an increase of $400 million from the year prior. In total, the net worths totaled $5.4 trillion, which was a $1 trillion increase from 2023. Among the listed individuals is Steward, who is tied for No. 84 with a net worth of $11.4 billion. Steward leads World Wide Technology, an IT management company, as the founder and chairman. He launched the company in 1990 and today it has become a solution provider for over 80 Fortune 100 companies, its website states. Some of its partners include Cisco, NVIDIA, Verizon and the federal government. “Our expertise in AI, cloud, networking, cybersecurity, data analytics, automation, digital transformation and more allows us to deliver groundbreaking solutions that redefine businesses, revolutionize industries, transform...
Jayson Tatum won’t be spending his historic contract money. As AFROTECH™ previously reported, the Boston Celtics player is fresh off a NBA National Championship win and agreed to a five-year $315 million supermax contract extension, which marks the richest in the league’s history, according to Bleacher Report and Chris Haynes of TNT Sports. However, Tatum will not be touching the money earned from his contract, as AFROTECH™ already told you. He made a deal with his mother, Brandy Cole — who he describes as an “overseer” because she handles his finances — that he would rely on endorsements and sponsors rather than his contract earnings. View this post on Instagram A post shared by Small Wins (@enjoysmallwins) “We had a deal before I got drafted that I couldn’t spend the money I make from the Celtics, that we have to live off endorsements,” Tatum said during an interview with “In Depth with Graham Bensinger.” “Her and my accountant agreed. They didn’t know that I would make as much as...
Today, it remains a mystery when, or rather if, Rihanna will release her ninth studio album. Although it’s been nearly a decade since she released a new music project, the Bajan superstar came back from being MIA in music to attend a star-studded event. On March 1, Rihanna performed at a pre-wedding party for Anant Ambani, the son of multi-billionaire Mukesh Ambani, and Radhika Merchant in Jamnagar, India — marking her first full show in a while, per Billboard. View this post on Instagram A post shared by COMPLEX (@complex) “The show was the best,” Rihanna shared following her performance, according to the outlet. “I haven’t done a real show in eight years.” What’s more, Rihanna’s gig reportedly earned her a check of about $6.3 million , according to Forbes. A private show that brings Rihanna to a stage outside of her Super Bowl 2023 halftime performance is a bill that may only be footed by a public figure with wealth — in this case, Mukesh Ambani, who also paid for Beyoncé to...
With 8 billion people on this earth, it’s understandable if you don’t know every person who occupies the elite 1%. Many of the wealthiest in the world fly under the radar but own corporate empires so strong they touch virtually every corner of the world. And when you further filter that 1% down to the richest Black people in the world, the answers can be even more elusive. While it’s easy to assume that the wealthiest people of African ancestry must be celebrities , that’s not always the case. Even in the United States, the richest Black man is a venture capitalist and the owner of one of the top private equity firms in the country. Who Is The Richest Man In The World As Of 2024? According to Forbes, Aliko Dangote is the world’s richest Black man (2024), with an estimated net worth of $13.4 billion. Dangote is ranked the 144 th globally wealthiest man in Africa. So where does Dangote’s wealth steer from? The answer is the Dangote Group. The Dangote Group is considered to be one of...
When we talk about wealth, sometimes it can feel like Black people are excluded from the conversation. Thanks to systemic and systematic discriminatory practices, countless Black Americans are often shut out of the surest path to personal wealth — property ownership. And often, when Black wealth is touted, it’s almost exclusively limited to celebrities from actors and directors like Tyler Perry to media moguls like Oprah Winfrey, and of course countless entertainers and athletes . More importantly, when the conversation turns to billionaires , the number of Black folk, whether that be male or female, shrinks even further. But Black wealth isn’t limited to people that travel in celebrity circles: there are several Black entrepreneurs that are influencing the U.S. economy that have also accumulated quite a nest egg and reputation. In particular, the story behind the richest Black man in America is an inspiring one that shows you that our community is amazing whether they’re in the...
Have you ever wondered what it would be like to be the richest person in the world? You could use your money for good, go on endless shopping sprees, fly private jets, or splurge on ridiculously expensive finds. Sometimes people fall down the Google rabbit hole looking to find out who’s the wealthiest person in the world. In particular, you might even wonder who are the richest women in the world. This is a list for billionaires — those people with so much money it’s actually a little hard for the average person to conceptualize. From business tycoons to legacy silver spoon progeny, here’s a list of the eight richest women in the world. You might be surprised to find that more than half the list is composed of Americans. 1. Francoise Bettencourt Meyers ($90.1B): A Business Built on Beauty If you’ve ever walked down a drugstore beauty aisle, you’re very familiar with Francoise Bettencourt Meyers’ company. She’s the granddaughter of the founder of L’Oreal. Yes, that L’Oreal of beauty...
Nowadays, content creation on digital platforms is our main source of news and entertainment. If you’re not navigating the YouTube wave in 2024, you may find yourself behind the current. In the ever-changing digital landscape, YouTube has proven to be a dominant force. From its continuous feature expansion and rapidly growing global audiences, not only are content creators achieving success, but businesses are as well. Years ago, many may have foreseen YouTube blasting off the way in which it has, becoming a lucrative platform. But there may be some who question, why? YouTube makes it effortlessly efficient for content creators to share their content with massive audiences across the globe. In addition, to there being a wide range of content to choose from. YouTube allows content creators the bandwidth and opportunity to entertain audiences, showcase their talents all while building lucrative careers and brand partnerships . There are countless YouTube users (YouTubers) who have...
One week ago, American soccer history was made with the stunning debut of Lionel Messi in the MLS (Major League Soccer). The international star came on the pitch in the second half of a match between Inter Miami and Cruz Azul. Messi, playing for Inter Miami (owned by another soccer legend, David Beckham), scored the game-winner off of a free-kick. Fans went wild and so did internet searches as many wondered just how much the superstar is making to play for a struggling team in a league struggling even more. Along with those searches, many asked, “Who are the richest athletes in the world?” Iconic Players The top five richest athletes in the world are made up of three golfers, a basketball player, and a soccer player. Interestingly enough, their earnings come more from the endorsement deals made along the way of illustrious careers, rather than just player contracts. Shoe deals, jerseys, drinks, and more helped these players rise above and beyond to capture a piece of the pie known...
Outside of the NBA draft and Summer League, basketball fans have little to no on-court action to look forward to during the off-season. However, that does not mean that excitement around the league is entirely on pause. The summer months are typically when players and franchises make impactful decisions about their futures. And the Boston Celtics have answered one of the fan’s most pressing questions by resigning shooting guard Jaylen Brown.
Billed as a successful reality television franchise with more than 30 series worldwide, the “Real Housewives” franchise is one of the most successful reality television series of all time. The Orange County version of the franchise was the first to hit Bravo, making its premiere on the reality network back in 2005. As other versions of the franchise hit the air, the series became more and more popular, and the latest installment — dubbed “The Real Housewives of Dubai” — hit the airwaves in June 2022. Despite all these incarnations, the show is not without its controversies. As AfroTech previously reported, Nene Leakes — the breakout star of the Atlanta installment of the series — filed a lawsuit against Bravo, and the series’ executive producer Andy Cohen, alleging that she was being subjected to a racially insensitive work environment. “The ex-Housewife felt like a ‘workhorse’ whose talents were over-used and under-appreciated (and under-compensated). She also claimed that her...
The origin story of Oprah Winfrey is nothing if not a true testimony. Born into poverty in Mississippi, Winfrey — who was raised in the inner city of Milwaukee — got her start as a local television journalist before transitioning into acting and, eventually, into her own eponymous talk show. That talk show would, eventually, jettison Oprah Winfrey into the stratosphere — and today, her $2.6 billion brand has made her the richest Black American woman in the world. She has consistently made Forbes’ lists of the world’s richest entertainers and business people and has earned several accolades including Emmys, Tonys, and Peabody awards. Yet, Oprah Winfrey continues to remain as humble and as graceful as she always has been. “Don’t worry about being ‘successful,'” she said to Inc. when asked about the key to her success. “Strive for the truest, highest expression of yourself … and then use that expression in service to the world. If the paradigm for which you see the world is, ‘How can I...