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Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. President Donald Trum p, who was once a cryptocurrency skeptic, has now yielded to many of the industry’s demands, such as easing federal regulations and oversight. From appointing cryptocurrency advocate and former Securities and Exchange Commissioner Paul Atkins to reprise his old role, to launching his own meme coin, Trump has chosen to embrace cryptocurrency . A few years ago, cryptocurrency was touted as the new form of currency. We wouldn’t be using archaic financial currency and stick to this revolutionized way of transactions. Although some people have made a lot of money off of crypto, its intended use as a decentralized banking system hasn’t been realized. Cryptocurrency is still very new, so new that engaging in it feels comparable to gambling. Trump lifting regulations to give cryptocurrency his blessing bodes well for the industry. A day after announcing Paul Atkins as his pick, the...
Financial literacy is the new civil rights movement according to John Hope Bryant. Bryant, a passionate advocate for economic empowerment, urges the Black community to adopt a laser-focused mindset on f inancial literacy. Since 1992, he has served as Chairman and CEO of Operation HOPE, Inc., dedicating himself to empowering underserved communities. According to its LinkedIn profile, the organization has impacted over 2.8 million people and has facilitated the direction of $2.4 billion in private capital. The Oprah Rule Bryant appeared on the “Black Tech Green Money” (BTGM) podcast, emphasizing the importance of understanding relationship capital, forming strategic partnerships, adopting a broader vision of wealth-building, and the day he learned the “Oprah rule.” He had been investigated before receiving the Use Your Life Award from Oprah Winfrey, an honor given to individuals improving others’ lives through charity. “When her investigators came around after she said she wanted to...
Beatrice Dixon has a piece of advice following the $380 million acquisition of The Honey Pot Company — It’s OK to take risks and try something new. Dixon captured the audience’s full attention during the Founder’s Summit session “Knowing When to Seize the Moment for Company Growth” at the AFROTECH™ 2024 Conference on Thursday, Nov. 14, where she shared valuable business insights. “That doesn’t mean you have to stop doing your business, but that might mean you need to also have a job, or you may need to do something different,” Dixon shared. “I just think we’re going into a time of have and have-nots, and you don’t want to be on the side of the have-nots.” @afro.tech Honey Pot CEO Beatrice Dixon had everyone hooked as she shared business tips in light of Honey Pot’s $380 million acquisition. Keep your mind open and your notepads on deck📝 More to come AFROTECH Fam 🫶🏾 #blackintech #blacktechtok #TechEmpowerment #AFROTECH24 ♬ original sound – AfroTech In January, AFROTECH™ reported that...
The AFROTECH™ 2024 Conference kicked off in Houston on Wednesday, Nov. 13, bringing tech professionals, entrepreneurs, and cultural leaders together for an unforgettable experience. Day 1 started with dynamic networking opportunities, engaging experiences and meaningful conversations, setting the tone for the week as attendees gathered at the Culture Park Stage, presented by Lexus, for music, wellness and community programming. On Wednesday, there was an opening ceremony featuring a marching band and a compelling address by Blavity Co-Founder and CEO Morgan DeBaun, who spoke on community, innovation and the future. The event concluded with a discussion from Derrick Johnson, president and CEO of the NAACP, the nation’s largest civil rights organization, focusing on “The Power of Our Now: Taking Ownership in AI and Our Rights.” One of the key issues DeBaun pointed to was the gap in funding stages, noting that Black entrepreneurs often struggle to make it past the early rounds of seed...
Warrick Dunn , former NFL running back and philanthropist, is known not only for his outstanding career in professional football but also for his work off the field. From his time in the NFL to his charitable initiatives, Dunn has made a lasting impact on both sports and the community. As fans continue to follow his journey, many wonder about Warrick Dunn’s net worth and how he has managed his wealth. Warrick Dunn’s Net Worth In 2024 As of 2024, Dunn’s estimated net worth is around $11 million. This wealth has been accumulated primarily through his successful NFL career, various business ventures, and his long-standing charitable work. Dunn’s financial success is a result of his hard work, strategic investments, and passion for giving back to the community. NFL Career Earnings Dunn enjoyed a highly successful 12-year career in the NFL , playing for both the Tampa Bay Buccaneers and the Atlanta Falcons. During his time in the league, Dunn earned tens of millions in salary and...
Kamala Harris is being supported by longtime friend and billionaire Laurene Powell Jobs. Per Forbes, Jobs has a fortune of $15.3 billion, with the vast majority stemming from the Walt Disney and Apple shares she inherited from Apple co-founder Steve Jobs, who passed away in 2011 after battling pancreatic cancer. Jobs is passionate about education, immigration, health, and environmental justice. She established Emerson Collective in 2004 to support entrepreneurs disrupting these sectors. Later in 2021, the Waverley Street Foundation was launched with a $3 billion pledge focused on climate change. Her pursuits also extend to becoming a co-owner of The Atlantic in 2017, and she holds stake in sports teams including the Washington Wizards (NBA), Washington Capitals (NHL), and Washington Mystics (WNBA) through Monumental Sports. Jobs, who is reportedly “Silicon Valley’s wealthiest woman,” has additionally invested in the candidacy of Kamala Harris, who is seeking to become the next...
Flau’jae Johnson is putting down roots in more ways than one. On Friday, the Louisiana State University (LSU) basketball guard and rapper shared that she has purchased 20 acres of land, a significant step toward turning her dreams into reality. In a celebratory Instagram post , Johnson said, “GOD IS AMAZING! I Done Got Addicted To The Acres. 20 Years Old With a total of 20 Acres !! Generational Wealth Fr @HomeDepot, what’s up?? Help me make some dreams a reality!” View this post on Instagram A post shared by Big 4️⃣ (@flaujae) For Johnson, her dreams reach far beyond her talents of music and basketball. “This land represents more than just an investment for me—it’s about building something bigger than basketball or music. I want to create opportunities for my community and leave a legacy that shows young women, especially young Black women, that we can do it all. Owning 20 acres at my age is proof that with vision and hard work, we can break boundaries and build the future we...
Cathy Hughes is a trailblazing media executive, entrepreneur, and the founder of Urban One , the largest African-American-owned media company in the United States. Known for her resilience, business acumen, and contributions to the media landscape, Hughes has made a significant impact by creating a platform that amplifies Black voices and culture. Her journey from working in radio to becoming a media mogul is an inspiring story of perseverance and success. Here, we’ll delve into Cathy Hughes net worth and the journey it took to get her there. Cathy Hughes’ Net Worth In 2024 As of 2024, Hughes’ estimated net worth is around 250 million dollars. Her wealth has been accumulated through her leadership of Urban One, various investments, and her role as a pioneer in the media industry. Let’s explore the sources of her impressive wealth. Sources Of Income Urban One (Formerly Radio One) The foundation of Cathy Hughes’ net worth is Urban One, which she founded in 1980. What began as a single...
Maxine Waters is an American politician currently serving as the U.S. Representative for California’s 43rd congressional district. A member of the Democratic Party, Waters has been in office since 1991, and she is one of the seniormost African-American women in Congress. Known for her outspoken nature and advocacy on issues such as social justice, financial reform, and civil rights, Maxine Waters has built a formidable reputation in U.S. politics. As of 2024, Maxine Waters’ net worth is estimated to be around $2 million. This wealth is mainly derived from her salary as a congresswoman, real estate investments, and other assets. Early Life And Career Beginnings Maxine Waters was born on August 15, 1938, in St. Louis, Missouri , and she grew up in challenging circumstances, raised by a single mother along with her siblings. She moved to Los Angeles in the 1960s, where she began her career in public service as a teacher and later worked with the Head Start program. Her passion for...
Karrine Steffans, also known as “Superhead,” is a former video vixen, author, and public speaker who gained fame in the early 2000s for her appearances in hip-hop music videos and her tell-all books. Steffans’ controversial memoirs, which detailed her relationships with high-profile figures in the entertainment industry, made her a prominent yet polarizing figure. As of 2024, Karrine Steffans’ net worth is estimated to be around $1.5 million, largely accrued from her book sales, speaking engagements, and previous work in entertainment. Here, we’ll dive into those financial moves and see how she built that impressive amount. Rise To Fame Karrine Steffans was born on August 24, 1978, in Saint Thomas, U.S. Virgin Islands. She moved to Florida as a teenager and eventually relocated to Los Angeles in pursuit of a career in entertainment. Steffans initially gained attention as a video vixen, appearing in popular music videos alongside some of the biggest names in hip-hop, including Jay-Z...
Simon Guobadia is a successful entrepreneur, film producer, and philanthropist who gained widespread recognition in recent years, partly due to his appearances on the reality TV show “ The Real Housewives of Atlanta ” and his high-profile relationship with Porsha Williams . As of 2024, Simon Guobadia’s net worth is estimated to be around $40 million. This wealth is primarily derived from his various business ventures, investments, and production projects, showcasing his savvy as a businessman and investor. Early Life And Career Beginnings Simon Iyore Guobadia was born in Nigeria and later moved to the United States to pursue his education and career. He attended the University of the District of Columbia, where he studied accounting, laying the foundation for his future endeavors in finance and entrepreneurship. Simon began his professional career in corporate America, working as a tax manager at various firms, which provided him with a strong understanding of business operations...
Frankie Beverly was an American singer, songwriter, and musician best known as the lead singer and founder of the iconic group Maze. With a career spanning over five decades, Beverly became a legend in the world of soul, R&B, and funk music. His smooth voice, timeless songs, and captivating performances earned him a dedicated fan base and substantial financial success. As of 2024, Frankie Beverly’s net worth is estimated to be around $4 million. Early Life And Career Beginnings Beverly was born Howard Beverly on December 6, 1946, in Philadelphia, Pennsylvania. He began singing in his local church choir as a child, which helped develop his vocal skills and love for music. During his teenage years, Beverly formed a doo-wop group called The Blenders and later joined a band named The Butlers, which enjoyed moderate success in the Philadelphia music scene. His early experiences laid the groundwork for his career and helped him refine his distinctive style. Formation Of Maze And Rise To...
Porsha Williams is a well-known television personality, actress, and businesswoman who rose to prominence through her appearances on The Real Housewives of Atlanta (RHOA). Over the years, she has built a considerable net worth through her television career, entrepreneurial ventures, and various endorsements. As of 2024, Porsha Williams’ net worth is estimated to be around $6 million, reflecting her financial growth and business savvy. Early Life And Background Porsha Stewart, now Porsha Williams Guobadia, was born on June 22, 1981, in Atlanta, Georgia . She comes from a notable lineage, as her grandfather, Hosea Williams , was a prominent civil rights activist who Martin Luther King fondly referred to as “my wild man, my Castro” due to how effectively he could organize a protest. Porsha’s upbringing and her family’s background instilled in her a sense of ambition, which would later drive her success in both the entertainment industry and business. Television Career And Rise To Fame...
Arsenio Hall is an American comedian, actor, and talk show host who gained national prominence through “The Arsenio Hall Show” in the late 1980s and early 1990s. His groundbreaking late-night show brought a fresh and diverse voice to the talk show format, which helped establish him as a household name. As of 2024, Arsenio Hall’s net worth is estimated to be around $20 million, a testament to his enduring success in the entertainment industry. Early Life And Career Beginnings Arsenio Hall was born on February 12, 1956, in Cleveland, Ohio . From an early age, he displayed a love for entertainment and performing, which eventually led him to pursue a career in comedy. Hall began his career performing stand-up comedy at various clubs, gaining experience and developing his unique comedic style. His early appearances on shows like “Soul Train” and “The Tonight Show Starring Johnny Carson” helped him make a name for himself in the comedy world. Rise To Fame: The Arsenio Hall Show Arsenio...
The AFROTECH ™ community continues to push the mission and discussion of inclusivity in the tech space. As we gear up for AFROTECH™ Conference 2024, let’s dive into a session of the past. View this post on Instagram A post shared by AFROTECH™ Conference (@afrotech.conference) On the Executive Stage at the 2023 AFROTECH ™ Conference, Kapor Capital’s founding partners Freada Kapor Klein and Mitch Kapor were part of the panel “Closing The Equity Gap: C reating Wealth and Fostering Justice in Startup Investing” — titled after their book, released in March 2023. Alphonzo Terrell, co-founder and CEO of social media platform Spill, moderated the panel, addressing equity gaps in the startup landscape and how to build a more inclusive future. Klein and Kapor shared that the company has invested more than $106 million into over 170 companies, 62% of which are women-led or underrepresented founders , according to their website . In addition, Kapor Capital has achieved an internal rate of...