Showing 84 results for:

wealthy

All results

84
Essential Books Every Business Leader Should Read

Books have long been a source of wisdom for business leaders, offering guidance on everything from financial strategy to leadership development. Certain books have stood the test of time, selling millions of copies and earning praise from business icons, investors, and top executives. Whether you’re looking to sharpen l eadership skills , build a profitable company, or develop a better financial mindset , here are the most famous books for business success. Think And Grow Rich By Napoleon Hill Originally published in 1937, Think and Grow Rich has sold over 100 million copies worldwide. It’s earned distinction as one of history’s best-selling personal development books. The book is based on Napoleon Hill’s research into the habits of wealthy individuals, including Andrew Carnegie and Henry Ford. It presents a blueprint for achieving financial success through mindset and persistence. Readers often praise the book for its emphasis on the power of visualization and goal-setting. Some of...

May 13, 2025

Op-Ed: I Believe Billionaires Have The Influence To Stop Trump Tariffs

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Billionaire business leaders turned against President Donald Trump as he implemented sweeping tariffs with other countries, which have amounted to billions of dollars lost. Many of the billionaires who have pushed back against the Trump tariffs have also endorsed him for the 2024 presidential election. One of those billionaires, Bill Ackman, warned against tariffs, likening them to an “economic nuclear war” in a post on X (formerly known as Twitter). He also claimed that the tariffs weren’t what he voted for, despite Trump speaking on tariffs early on in the election. How Will Tariffs Affect The American Consumer? Unwarranted tariffs will not only decimate our economy but also hurt our already fragile standing on the world stage. In retaliation, China has raised tariffs on American goods to 125%. Most business leaders, economic experts, and other world leaders are confused over Trump’s misguided...

Apr 17, 2025

As Donald Trump Imposes New Tariffs, Business Owners Like The Lip Bar's Melissa Butler Express Frustrations — 'I Don't Know What's Next'

Tariffs on imported goods imposed by President Donald Trump will impact small business owners. AP News reports that the Trump administration has announced new tariff policies, including a 34% tax on imports from China, a 20% tax on imports from the European Union, and a 10% baseline tax on most imports. According to a press release from the White House, the 10% baseline will take effect at 12:01 a.m. EDT on April 5, 2025, while the countries with higher tariff rates will have to comply by at 12:01 a.m. EDT on April 9, 2025. Trump hopes to restore balance to global trade and believes imposing these tariffs will lead to billions in revenue for the U.S., AP News notes. “I will sign a historic executive order instituting reciprocal tariffs on countries throughout the world. Reciprocal, that means they do it to us and we do it to them… This is one of the most important days in my opinion in American history,” Trump said during a “Make America Wealthy Again” event on April 2, according to...

Apr 3, 2025

Award-Winning Producer Swizz Beatz Uses His Net Worth To Support Black Artists

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...

Mar 20, 2025

Do Billionaires Pay Taxes? The Loopholes That Let The Ultra-Rich Pay Less

Billionaires have long found ways to minimize their tax burdens, using loopholes and financial strategies that allow them to pay far less percentage-wise than everyday Americans. While many assume the ultra-wealthy contribute significantly to the nation’s tax revenue, the reality is that their effective tax rates — what they pay relative to their total wealth — are far lower than those of middle-class and working-class individuals. Their methods to shield their fortunes are legal, yet they contribute to widening economic inequality and an ever-growing fiscal deficit. The disparity between billionaire and working-class tax rates was highlighted in a live chat hosted by The Washington Post. Journalist Jeff Stein responded to a user asking about billionaires paying their fair share in taxes. He pointed out that while billionaires pay large sums in taxes, their effective tax rate remains much lower than that of the average American. He explained that one key reason is the ability of...

Mar 13, 2025

Op-Ed: Donald Trump's 'Gold Card' Visa Scheme Hurts Americans

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. Last week, President Donald Trump announced that the U.S. would sell “gold card” visas for over $5 million to wealthy foreigners to alleviate the country’s trillion dollars in debt. As he continues to align himself with billionaire oligarchs, sycophants like Vladimir Putin—it’s clear that Trump has never cared for ordinary people. In his statement, he claimed that this new initiative had never been done before. But as always, he is mistaken. Investing large sums of money in citizenship has been in place in various countries across Europe and the Caribbean. The incentive of citizenship for pay—with advantages like limited restrictions and more flexibility—can open the door for wealthy yet dubious individuals to perform illicit activities. While no one can assume that every person who pays upwards of millions of dollars for foreign citizenship is a criminal, the lack of regulations opens up the EU,...

Mar 6, 2025

New To Investing And Thinking About Investing In AI? Here's What To Know

Gmail users may have been confused when they opened their email accounts and saw pop-ups about Gemini . Instead of Google sending out big “coming soon” announcements about their next-gen flagship artificial intelligence (AI) model, Gmail users just saw a subtle star in the right-hand corner of their screens. With Gemini, ChatGPT and China’s DeepSeek, along with plenty of other programs, it’s clear that AI is sticking around for the long haul. So is it worth newbie investors investing in AI, and how is this possible to do anyway? African-American Investors Are Getting Younger A new report from Financial Industry Regulatory Authority’s (FINRA) confirmed that African-Americans tend to be much younger than white investors, with 49% of African-American investors between the ages of 18-34 while 51% of white investors were ages 55 and older. Growing up in a tech-dominant age, African-American investors are using social media to get their investment education and to learn about trading...

Op-Ed: Investing In Cryptocurrency Won't Build Black Generational Wealth

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...

Jan 27, 2025

Fourth-Generation Farmer Patrick Brown Purchases The Land Where His Great-Grandfather Was Once Enslaved

Farmer, Patrick Brown, has reclaimed the land once owned by his great-great-grandfather, who was also enslaved there. Currently, Patrick serves as the director of farmer inclusion for the social justice nonprofit Nature for Justice, reports Bitter Southerner. He is responsible for ensuring that $1.7 million in funding is allocated to farmers of color in North Carolina by 2029. Brown also serves on the board of the Eva Clayton Rural Food Institute, an organization established to combat food inequities. Patrick’s passion for farming is rooted in his upbringing. At the age of 9, he was already working on his family’s farm in North Carolina, helping to load tobacco. “It would take us about nine hours to fill up two barns,” he told the outlet. His father, Arthur, played a key role in igniting his interest in farming. He passed down stories of their family’s four-generation legacy in agriculture. “He was educating me,” Patrick explained, according to Bitter Southerner. “He would say,...

Dec 11, 2024

What Is Lisa Frank's Net Worth? Downfall Of Beloved '90s Brand Explored In New Prime Video Series

Many who grew up in the 80s and 90s are quick to associate the nostalgia of heading back to school with the bright and cheery supplies designed by Lisa Frank. The notoriously private artist is best known for crafting lunchboxes, stickers, toys and trapper keepers covered in dolphins, unicorns, pandas and other adorable critters that decorated classrooms for decades. Before she rose to fame, Frank grew up in Michigan’s Bloomfield Hills (one of America’s wealthiest cities ), the daughter of a higher-up in the automotive industry who supported her creative pursuits. “ My dad was an art collector, my mom had a little kiln in our basement and we would make pottery. I think from about age five on, they sent me to art classes, and I was a huge colorer. HUGE. I think to keep me quiet, they would bring the coloring books and crayons, and I would fill up the books,” Frank told Urban Outfitters in a rare interview. She went on to attend Cranbrook Kingswood School with Mitt Romney, then headed...

Dec 8, 2024

Rapper Turned Party-Leading Politician Shyne's Net Worth Tells A Tale Of Resilience And Redemption

If you’re tuned in to the world of early 2000s hip hop , or the world of modern Belizean politics, you may already be familiar with the name Shyne Barrow. The former rapper and current Opposition Party leader in Belize’s House of Representatives has one of the most fascinating backstories in all of pop culture and politics. Though he may not be as well known as his contemporaries like Busta Rhymes and Jay-Z, Shyne’s story is finally being told with the recent release of the Hulu original “The Honorable Shyne,” which dropped on the streamer earlier this month. In the documentary, Shyne outlines the untold truth about his time laboring under Bad Boy Records , his lengthy incarceration and his pivot into politics within his home country. Given that the 46-year-old politician has led such a storied life, fans are justifiably wondering about other personal details, including his net worth, investment portfolio and various streams of income. Luckily, we’ve got you covered, with a quick...

Nov 25, 2024

Malcolm Jenkins Is Conquering The Quick Service Restaurant Industry With 24 Papa Johns Restaurants Under His Belt

Malcolm Jenkins is not slowing down in the fast-casual food space. As AFROTECH™ previously reported, the former NFL player leads Disrupt Foods, a multi-unit franchise developer and operator of quick-service restaurants. According to his LinkedIn, the goal is to create franchising opportunities for Black and brown communities. “If there’s a mission for me and how I’m moving now, what I want to have an impact on is really educating people on the power of group economics. People when they have success, most of the time they do it as a collective family, as a community. Owning businesses in their own communities,” he said. “When you look at [Black communities] we don’t own the majority of the businesses in it. We don’t own homes most of the time. It just continues to push us into pockets of poverty that are harder and harder to climb out of as an individual,” he told WHYY News. Leading by example, he established Disrupt Foods in 2016 alongside his business partner, Joe Johnson. “In 2016...

Nov 13, 2024

What Is Deshaun Watson’s Net Worth in 2024? A Look Into Watson's Contract And Investments

NFL quarterback Deshaun Watson has made headlines for his on-field achievements and off-field controversies. As one of the highest-paid athletes in professional football, Watson’s net worth in 2024 reflects his lucrative contracts, endorsement deals, and financial investments. Despite facing legal and public challenges, his financial status remains significant in the sports world. In this article, we’ll explore Deshaun Watson’s net worth in 2024, the key sources of his wealth, and how his career has impacted his financial standing. Watson has been in the news quite a lot recently, largely due to the Browns offensive struggles, and most recently, suffering a season-ending Achilles injury that drew a ravish personal defense from teammate and backup quarterback, Jamies Winston, who is, of course, known for his innate talent to go viral and inspire resilience in his teammates. Although Watson’s dealt with his fair share of recent struggles and his 2024 season may be ending early, he’s...

Oct 24, 2024

What Is The Market Cap Of The NBA? The NBA's Net Worth Overview

The National Basketball Association (NBA) is not only one of the most popular sports leagues globally, but it is also one of the most lucrative. Over the years, the league’s net worth has surged due to increased media rights deals, sponsorships, merchandise sales, and international expansion. As of recent estimates, the NBA’s net worth, or more accurately, overall valuation sits between $90 billion to $100 billion, making it one of the richest sports organizations in the world. Here, we’ll dig deep into what made the sports franchise a giant in the entertainment industry. Factors Driving NBA’s Financial Success Media Rights Deals One of the primary drivers of the NBA’s net worth is its lucrative media rights deals. In 2014, the NBA signed a nine-year, $24 billion TV deal with ESPN and Turner Sports, setting a record for sports broadcasting at the time. As the league’s popularity continues to grow, especially internationally, the value of these media rights is expected to increase....

Oct 11, 2024

The 'Magic Number' You Need To Hit Before Retiring Is An Option

Auntie. Unc. These nicknames came out of nowhere, and they’re not coming from your actual nephews and nieces. Birthdays are flying by, but you still feel the same age as prior years. Weird times. Photo credit: Polina Tankilevitch You may already know that starting a retirement plan early on means you’ll be ahead of the game, but it just seems like retirement is so far away. According to recent data from the Federal Reserve’s 2022 Survey of Consumer Finances , 45.6% of families are not investing for retirement. Whether you’re in the 54.4% who do have a retirement plan or not, the birthdays are going to continue regardless. Or, maybe you’re one of the few who decided to start trying to figure out the retirement savings “magic number” to strive for while Gen Z and Gen A have already assumed you get senior discount breakfasts and an AARP magazine subscription . Can You Survive On Social Security Benefits While Working? Instead of worrying about gray hair on your head ( or other places )...

Sep 12, 2024