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Certain innovations shaping the world today owe their existence to the ingenuity of Black inventors. Among these notable figures stands the luminary Garrett Morgan, whose groundbreaking invention of the three-light traffic signal revolutionized urban transportation safety. Marie Van Brittan Brown’s pioneering work was developing one of the earliest home security systems. Additionally, Alexander Miles’ creation of automatic elevator doors is proof of the profound impact of Black inventors, alongside countless others who have left their mark on various fields. Sometimes the work of these heroes goes unnoticed in society. Black History Month serves as an annual reminder to amplify the voices of these changemakers, a mission that has become paramount for Kobie Fuller, a general partner at Upfront Ventures since 2016. Work In Venture Capital His work in amplifying Black voices has been a constant across his more-than-20-year career in venture capital, which began one year after he...
Playboi Carti , born Jordan Terrell Carter, is an influential figure in the modern hip-hop scene known for his distinctive sound, fashion influence, and cult-like fan following. Emerging from Atlanta, Georgia , Carti has quickly risen to prominence since his debut, carving out a niche with his minimalist beats and catchy ad-libs. His unique style blends elements of punk, trap, and avant-garde aesthetics, influencing a new wave of artists and shaping contemporary hip-hop culture. As a performer and cultural icon, his financial standing has been a subject of curiosity, especially given his rapid rise and high-profile collaborations. How have Playboi Carti’s career, business ventures , and earnings contributed to his net worth in 2025? From album sales and streaming revenue to merchandise and endorsements, we’ll break down how he has built his financial portfolio beyond just music. Early Career And Rise To Fame Playboi Carti first gained attention with his self-titled mixtape, which...
Authenticity and research fuel successful brand partnerships — and Aaron Walton recognized this long before it became the norm. At AFROTECH™ 2024 , Walton, CEO and founder of award-winning ad agency Walton Isaacson, joined Shardé Marchewski, Wayfair ‘s Head of Supplier Diversity , for a conversation on how aligning values and culture with the right celebrity can elevate storytelling and impact consumers. The session offered creatives a behind-the-scenes look at major brand collaborations and practical strategies for securing and executing high-impact campaigns. Walton’s brand story began after graduating from Babson College in 1983. With a passion for advertising , he joined the Pepsi-Cola Company as a research analyst, learning how to tell stories with data before being promoted into brand marketing , marking the start of a game-changing career. “The truth is everything that we do now, whether it is an event or some type of communication, starts with looking at what the business...
Tax season rolls around every year, but for many it never feels any easier . The stress associated with this time of year (particularly if you’re not anticipating a huge return) can really mess up your groove. Whether you’re managing multiple income streams , juggling business responsibilities or just trying to keep up with life, things can get messy fast. Getting your taxes filed on time can feel overwhelming and like a chore. And let’s face it, when deadlines sneak up and your plate is already full, taxes typically take a back seat. No matter how busy you are, it’s worth noting that missing the filing deadline can lead to some avoidable penalties and much more unnecessary stress. If you’re not ready to file by the due date, requesting a tax extension so time is on your side again might be the next best choice. For those wondering how to take advantage of the option, there are a few things to remember . Firstly, filing an extension is a normal thing (and it is an IRS-approved...
President Trump is back on his trade war wave — and this time, it’s rolling straight through the auto industry. With a fresh round of 25% tariffs on cars and auto parts set to take effect on April 3, people from the auto industry, from C-suites to dealership floors, are bracing for the impact. The administration says it’s about protecting national security and strengthening the U.S. manufacturing base. But if you’re thinking about buying a car this year, or if your job has anything to do with auto production, here’s the truth: You may be paying more, waiting longer, and dealing with fewer options. And that’s just the beginning. Why The White House Is Saying This Is Necessary According to an official statement from the White House, these tariffs on cars are aimed at keeping America safe. The administration is emphasizing that too many imports are “undermining” the “domestic industrial base” and weakening the U.S. supply chain. The idea is to hit foreign-made cars and parts with a 25%...
If you’ve ever hesitated at checkout, wondering whether you need that grocery haul, electronics upgrade, or self-care splurge—you’re not alone. And Klarna, the AI-powered payments and commerce platform, is betting big on that exact moment of hesitation. Klarna has joined forces with DoorDash and Walmart to give shoppers flexible pay options. These strategic partnerships don’t just mark a shift in how we handle money at checkout—they reflect a deeper story about consumer habits, trust, and the evolving economy in 2025. Klarna And DoorDash Team Up According to an announcement from Klarna, DoorDash customers in the U.S. will soon see Klarna listed as a payment option when ordering from the app or website. This will make it even easier to snag groceries, electronics, beauty items, and even the DashPass Annual Plan without having to pay the full amount upfront. The options? Pretty straightforward and stress-relieving: Pay in full at checkout Pay in 4 equal, interest-free installments Pay...
Swizz Beatz is one of the most influential producers and entrepreneurs in the music industry, known for crafting chart-topping hits while expanding his business empire beyond music. His career spans decades, from producing for top artists like Jay-Z and DMX to co-owning major brands and making strategic investments in art and real estate. With multiple revenue streams, Swizz Beatz has built substantial wealth, but how much is he actually worth today? Let’s explore his music career, business ventures, and financial success before revealing Swizz Beatz’s net worth in 2025. Swizz Beatz’s Rise in the Music Industry Born Kasseem Dean in The Bronx, Swizz Beatz entered the music industry as a teenager in the late 1990s. His uncles founded Ruff Ryders Entertainment, and through their connections, he started producing tracks for DMX, Eve, and The LOX. His breakout came with DMX’s 1998 hit “Ruff Ryders’ Anthem,” which became a defining moment in hip-hop. As a producer, Swizz Beatz developed a...
Entrepreneur and graphic designer Danielle Coke Balfour is pulling her products from Target shelves. Oh Happy Dani, a social media brand and online store that uses art to encourage advocacy, grew from designs Balfour started creating in February 2020 for Black History Month, according to her website. By that summer the illustrated infographics had found a larger audience for its digestible advocacy ideas around racism and equity . Today the business features a lineup of products that includes journals, cups, a workbook, and stickers. View this post on Instagram A post shared by Danielle Coke Balfour (@ohhappydani) Over the years, Balfour has been able to land countless collaborations with brands such as Coach, Old Navy, Adobe, Home Depot, TOMS, and more. She had also scored a partnership with Target but has recently decided to take a step away from the major retailer after it pulled back from its diversity, equity, and inclusion (DEI) commitments. As CNBC notes, Target put an end to...
Nearly 630,000 Fortnite players were reportedly “tricked” into making purchases through the game and will receive a refund. According to a press release, the Federal Trade Commission (FTC) has reportedly accused Fortnite developer Epic Games of leading gamers to make “unwanted purchases” by carrying out tactics through its game button configuration. “For example, players could be charged while attempting to wake the game from sleep mode, while the game was in a loading screen, or by pressing an adjacent button while attempting simply to preview an item,” the press release from the FTC read. It had also been brought to light that Epic Games had allowed minors to accumulate charges without parental approval and blocked gamers who filed disputes of unauthorized charges, preventing them from obtaining items they had purchased. For these reasons, the company received an order from the FTC to refund players in December 2022 who had been subjected to these “unlawful billing practices.” The...
Investing in a profitable franchise is an attractive way to start a business with a well-established brand, proven business model, and ongoing support. High-profit franchises allow owners to maximize their returns while leveraging a recognized name and customer base. Here’s a look at some of the most profitable franchise opportunities in various sectors, what they offer, and why they are among the best choices for those looking to start a successful franchise. Fast-Food And Quick-Service Franchises Fast-food and quick-service restaurants (QSRs) are consistently profitable, especially those with large brand recognition and wide customer appeal. For example, McDonald’s and Chick-fil-A are considered some of the highest-grossing franchises in the food industry. These franchises benefit from high consumer demand, streamlined service models, and generally strong brand loyalty. Although upfront costs can be substantial, particularly for McDonald’s, with the average franchisee bringing in...
Khaby Lame is letting the numbers do the talking. As AFROTECH™ previously reported, Lame, now one of the most-followed creators , was once a factory worker in Chivasso, Italy. “I was really poor,” he said on a panel during Forbes Creator Upfronts in partnership with Walmart Creator on Oct. 29, 2024. Lame was later fired from his job, returned to live with his family, and decided to not look back. Instead, he chose to bank on what was once merely a hobby — TikTok — during the onset of COVID-19. “When I started making videos, people told me to get a proper job,” he mentioned to Forbes in 2023. “But I continued to make videos because that’s what I like doing, even though no one was watching them.” It would ultimately become a money machine because he stood out for reacting to memes and viral videos without saying a word. “It’s my face and my expressions which make people laugh,” he told The New York Times in 2021. View this post on Instagram A post shared by Khabane Lame (@khaby00)...
In 2025, financial independence and security are more attainable than ever with a wealth of new strategies and technologies. Whether you’re looking to grow your wealth, plan for retirement, or simply make smarter financial decisions, the key is learning how to make your money work for you. Here’s how you can get started in 2025. Investing In The Stock Market And ETFs Investing remains one of the most effective ways to grow your wealth over time. In 2025, exchange-traded funds (ETFs) continue to be a popular option due to their simplicity, low fees, and diversification. ETFs offer exposure to a wide range of sectors, and in 2025, thematic ETFs, which focus on specific trends like renewable energy or artificial intelligence, have become even more prominent. The overall estimated value of ETFs are on the rise, growing rapidly between 2003 and 2023. Currently, they’re valued at over $11.5 T. Additionally, fractional share investing allows individuals to invest in high-value stocks, even...
As we step into 2025, high-end property investments continue to be a lucrative avenue for investors seeking to diversify their portfolios and secure stable, long-term returns. The luxury real estate market is known for its resilience, even in the face of economic volatility. Here’s a guide to help you navigate high-end property investments in 2024, focusing on trends, strategies, and key considerations. High-End Property Investment Trends In 2024 Sustainable Luxury In 2024, sustainability is a top priority in luxury real estate. High-end properties that incorporate eco-friendly features, such as solar panels, energy-efficient systems, and sustainable building materials, are in high demand. These properties appeal to environmentally conscious buyers and are often located in eco-friendly communities. Smart Home Technology The integration of advanced technology into homes continues to grow. In fact, there’s been a 25% increase in smart home integrations in 2024, which sheds light on...
Most who make a name for themselves in the world of rap don’t plan on spitting bars forever. Instead, many of the best lyricists hustle hard to stack cash and then invest it accordingly so they’re set for life. Thanks to this approach, Chamillionaire’s net worth continues to grow long after he stopped rapping full-time. The Houston-bred entertainer came up in the early 2000s and is best known for his The Mixtape Messiah series (the original of which is the longest and most bought mixtape in Texas history). Early on, Chamillionaire started making smart financial decisions that eventually landed him the role of entrepreneur in residence at venture capital firm Upfront Ventures. Read on to learn more about his journey! Chamillionaire’s Confidence Helped Get Him Started In The Rap Game (Photo by Johnny Nunez/WireImage) Strong networking skills helped Chamillionaire get his foot in the door of hip-hop alongside his friend Paul Wall. The ambitious duo connected with Michael “5000” Watts,...
Women-led hair startup Parfait continues to champion Black women. As AFROTECH™ previously mentioned, Parfait is reportedly the first to integrate facial recognition and artificial intelligence (AI) to provide buyers with customizable wig products. It previously raised $5 million in April 2022, backed by a funding round led by Upfront Ventures and Serena Ventures. “It’s widely understood that facial recognition systems perform less well for women and people of color,” said Parfait Co-Founder Isoken Igbinedion, a former Target and Amazon executive . “Training models used in facial recognition technology are largely unbalanced, often relying on training datasets that are similar in makeup, and do not represent the visual composition of faces worldwide. This often results in poor performance for users who do not fit into that dataset, often represented by white faces and male features.” She continued, “Parfait seeks to be the first to make major progress in improving product and service...