Showing 4 results for:

Black millionaire

by Topic

All results

4
Meet Dana A. Dorsey, The Man Who Reportedly Goes Down In History As Miami's First Black Millionaire

Black wealth-building seems to be the forever trending topic. So, with that said, it’s the perfect time to introduce you to Dana A. Dorsey, reportedly Miami’s first Black millionaire. Let’s take a look at how he earned his fortune from real estate by buying, selling, and renting properties.

Samantha Dorisca

May 30, 2022

How Magic Johnson Became One of the Richest Athletes in the World

Known as one of the best players to play in the NBA, Earvin “Magic” Johnson Jr., is one of the most successful former athletes in America. Aside from the handsome salary he earned as a pro basketball player, Magic has started several business ventures that have helped him achieve success beyond his playing days. You might be wondering, what is Magic Johnson’s net worth? It may be higher than you think. Magic Johnson’s net worth is currently estimated to be about $600 million. During his career as an NBA player, Johnson’s annual salary was around $24 million, an amount that hasn’t been adjusted for inflation. Despite his career ending prematurely due to hysteria over his HIV diagnosis, Magic Johnson had an impeccable 12-year run in the NBA. He won five championships out of nine trips to the finals, earned three MVP awards, and was selected to the All-NBA First Team nine times. With such a successful NBA career in spite of his contraction of the HIV virus, one would think Johnson...

AfroTech

Jan 3, 2021

This 20-Year-Old Black Woman Entrepreneur Just Made Over $1M in 8 Minutes Online

MoonXCosmetics , a handmade vegan skincare line specializing in all skin types, just experienced major success online, but not without the vision of its 20-year-old founder. MoonXCosmetics offers an assortment of products ranging from natural hydrating oils, cleansers, body conditioners, masks, and more — some of which were restocked on its virtual shelves on Thursday. Mariee Revere, CEO and founder, took to Twitter to announce that she made $1 million in eight minutes off of what she said would be a “million-dollar restock.” She called it the million dollar restock, and got it. I’m proud. Keep doing your thing. #SupportBlackBusiness https://t.co/inY4foCA0S — Big Mama✨👑. (@whoisyanna) May 1, 2020 “1 million in 8 minutes! thank you god and thank you to everyone who supported me! i had to cut the site 26 minutes due to me reaching 20k + orders! thank you so much!” Revere said via Twitter . Based on her company’s Instagram, MoonXCosmetics seems to have gained the approval of various...

Micah Kimberley

May 1, 2020

The Story of Jeremiah G. Hamilton, Wall Street's First Black Millionaire

Many may not know the story of Jeremiah G. Hamilton, Wall street’s first Black millionaire. Depending on the source, Hamilton’s 40-year Wall Street legacy is either frowned upon because of his alleged dishonest business practices or admired for his creative business acumen in a time where a Black man prospering on Wall Street seemed impossible. What is undisputed is that Hamilton died in 1875 as the richest Black man in the United States with a $2 million estate that would be equivalent to about $250 million today , according to Shane White, author of “Prince of Darkness: The Untold Story of Jeremiah G. Hamilton, Wall Street’s First Black Millionaire.” Twitter At the age of 20, Hamilton first made his mark on the financial world via a counterfeit coin scam where he transported a freight of fake coins from Canada to Haiti in order to sell them to New York businessmen, according to The Atlantic. When Haitian authorities caught wind of Hamilton’s counterfeit ring they issued a $300...

Devin Crudup

Mar 30, 2020