Showing 13 results for:

Black Ownership

by Topic

All results

Group Black, Co-Founded By Richelieu Dennis, Places $400M Bid To Acquire Vice Media

An investment firm is potentially looking to increase Black ownership in the media industry.

Mar 14, 2023

Ashanti, 'The First Black Female Artist To Be A Co-Founder Of A Web3 Company,' To Drop Debut NFT Collection

Day one Ashanti fans can expect a special surprise very soon! On April 2, it marked as the 20th anniversary of the R&B icon’s eponymous debut album. To celebrate the big milestone, Ashanti announced on Instagram that she’ll be releasing her first NFT collection with EQ Exchange. “I can’t believe it’s been 20 years since my debut album ‘Ashanti’!!!!!!!! I’m so grateful that yall been rocking with me for over 20 years!!!!! Now I finally get to give you something in return. I’m beyond excited to officially announce that my NFT collection with @EQ.Exchange celebrating 20 years of ‘Ashanti will be available Wednesday, April 6th and I want y’all to have ownership in these new Masters!!! Which re recording should be first???” she wrote in her post’s caption. View this post on Instagram A post shared by Ashanti (@ashanti) The NFT collection is set to launch on April 6.

Apr 4, 2022

Pharrell Williams On The Current State Of The Music Industry — 'There's Not Enough Black Leadership'

Similar to fellow musicians, Pharrell Williams isn’t happy with the current state of the music industry. In an interview with Bloomberg TV, the music veteran was outspoken about how there are not enough leaders who look like him in the space calling the shots nor are there many who have ownership. “There’s not enough Black leadership. There’s not enough leadership from people of color,” he firmly stated. “There’s also not enough ownership — there just isn’t. As much as the music industry has given me, when you really love something or love someone you can be honest about the things that could be better. I gotta say that the ownership with people of color it’s just not been the same. And that’s something we’re working on now.” "There's not enough Black leadership. There's not enough leadership from people of color." Pharrell Williams on increasing Black ownership in the music industry — Bloomberg TV (@BloombergTV) March 22, 2022 The...

Mar 31, 2022

Jordan Myers Made $90K As A USPS Mail Carrier In 2021 — Now, He Aims To Hit Millionaire Status In Five Years

This USPS employee is getting to the money the smart way! According to CNBC, Jordan Myers made $90,000 last year as an employee of the United States Postal Service (USPS). “Living in Memphis, Tennessee, Myers earns a base salary of around $41,000 per year. But with overtime, he’s able to bring in far more: In 2021, Myers earned over $90,000,” the outlet said.

Jan 21, 2022

Nigerian Uber Partner Moove Raises $23M Series A To Champion Car Ownership For African Drivers

African mobility is taking on a new meaning thanks to fintech startup Moove and its company mission. Today, the Nigerian tech-based vehicle financing platform — also Uber’s exclusive car financing and vehicle supply partner in sub-Saharan Africa — announced the raise of a $23 million Series A funding round to help empower more African drivers to buy and own their own cars.   View this post on Instagram   A post shared by Moove (@mooveafrica) According to a press release, the round was led by Speedinvest and Left Lane Capital, with participation from other investors such as DCM, Clocktower Technology Ventures,, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Spartech Ventures, Class 5 Global, and Victoria van Lennep, co-founder of Lendable. Additional investors also include Africa specialist, Verod Kepple Africa Ventures and existing Moove lender Emso Asset Management. For many of its U.S.-based venture capital backers, Moove is their...

Aug 9, 2021

The Black TikTok Strike Isn't About Crediting Viral Dances, It's About Protecting Black Creativity In Digital Spaces

The Black TikTok strike made headlines last month after Black creators seemingly refused to create choreography to Megan Thee Stallion’s “Thot Sh*t” single for non-Black TikTokers to steal without giving credit. However, that wasn’t the beginning and end of the strike’s mission. In fact, the Black TikTok strike was never solely about Black creators refusing to create dances. The real reason for the strike was fueled by users who were fed up and frustrated with the way Black creativity on apps like TikTok is constantly stolen, replicated and profited off of for the benefit of others. According to TikTok influencer Erick Louis — whose viral video helped spark the beginning of the strike — he originally joined the app back in November because he saw the community being built by Black TikTokers that stirred joy, education and entertainment on the platform. However, it’s been disheartening for him to see the way Black creators are excluded and taken advantage of while TikTok does little...

Jul 28, 2021

A’Ziah 'Zola' King's Viral Twitter Thread-Turned-Movie Proves The Power Of Black Voices On Social Media

Believe it or not, Black culture is mainstream culture, but you wouldn’t know it sometimes by the way we are erased from receiving credit as trendsetters and innovators. In some cases, we are oftentimes disappointed — though not surprised — to see others profiting off of our contributions, but when it came to A’Ziah “Zola” King and her viral Twitter thread-turned-movie, she made sure she was always credited as the originator that sparked the first tweet-inspired feature film (yes, a Black woman did that). In 2015, King took to Twitter for a second time — after originally publishing the story on Tumblr and Twitter before deleting it — to share her wild and dangerous road trip story to Florida with strangers. What came of it was the greatest Twitter story ever told and a film adaptation at A24 that chronicled 148 tweets worth of friendship gone wrong, betrayal, stripping, sex trafficking and unbelievably real-life scenarios. The most important lesson from “Zola” is not the film’s...

Jul 7, 2021

Rapper Cordae Announces Launch Of Record Label 100% Owned By Him

The rap game is becoming all about ownership and now more rappers are kicking off record companies of their own. The latest among the bunch is rapper Cordae, 23, who recently announced the launch of his own record label, Hi Level Productions, which according to him he 100 percent owns. Cordae confirmed the news via social media last week posting a logo of the new label. He also shared a clip from an interview with the Earn Your Leisure podcast where he shared the details about his cryptocurrency investments and his newfound independence in the form of Hi Level Productions. “Hi Level, that’s owned 100 percent by me. This is something I’m passionate about,” he said, according to REVOLT. “All my friends, we all on that Hi Level sh*t. All my fans all on that Hi Level sh*t, so this is something that’s, like, near and deep to my heart and I own it. It’s my sh*t.”   View this post on Instagram   A post shared by Hi Level Productions (@hilevel) According to REVOLT, Cordae’s latest EP, “Just...

May 17, 2021

Dwyane Wade Acquires Ownership Stake In Utah Jazz To Play An Active Role In The NBA Franchise

Three-time NBA champion and retired guard Dwyane Wade has just purchased an ownership stake in the NBA’s Utah Jazz as he continues expanding his basketball legacy into the business world. According to ESPN, Wade now joins a small ownership group that includes majority owner and team governor Ryan Smith, and his wife, Ashley; investor and Accel partner Ryan Sweeney; Atlassian co-founder Mike Cannon-Brookes; and the Miller family, as he plans to take on an active role in the franchise to help take it “to the next level.” In an Instagram post, Wade helped break the news with a caption stating “Proud and excited to become a part of the @utahjazz family with Ryan Smith and the rest of the amazing ownership team.” “As a businessman, entrepreneur, and investor, I bring a lot to this partnership outside of my basketball experience,” he adds. “I’m excited to help take the Utah Jazz to the next level.”   View this post on Instagram   A post shared by dwyanewade (@dwyanewade) From free-agent...

Apr 19, 2021

This Black Ownership Circle is Looking to Become the First Black-Owned NFL Ownership Group

The African American Sports & Entertainment Group (AASEG) — which was founded with a primary purpose to create economic equity within the Black community through sports — is on a mission to become the first Black-owned ownership group in the NFL to bring professional football back to its city of Oakland, CA. According to The Undefeated, the group has put in a bid on the Oakland Coliseum site with a plan to get a professional football team back in its hometown and make history in the process. The outlet reports that there are owners in the league that represent a total of 32 NFL teams — two that are people of color and none of which are Black. AASEG is hoping to change that and create a historical moment that will break the existing color barrier amongst the league, allowing Black people to have a piece of the pie too. “We feel like this is a Jackie Robinson moment,” Raymond “Ray” Bobbitt — the creator of AASEG and founder of an Oakland-based facility management and urban consulting...

Mar 31, 2021

Tennis Champ Naomi Osaka Becomes Part Owner of Women's Pro Soccer Team

U.S. Open winner and three-time Grand Slam champion Naomi Osaka has dominated the world of tennis over the last few years, working her way up to being Forbes’ Highest-Paid Female Athlete. Now she’s channeling her business-savvy mindset fueled by her passion for women in sports to become part-owner of a National Women’s Soccer League Team, the North Carolina Courage, according to Face2Face Africa. TMZ reports that Osaka — a well-known advocate for social justice issues — purchased ownership stake in the team after being inspired by the overwhelming amount of support she’s received from other women athletes over the course of her career. The women who have invested in me growing up made me who I am today, I don’t know where I would be without them. Throughout my career I’ve always received so much love from my fellow female athletes so that’s why I am proud to share that I am now a owner of @TheNCCourage ⚽️❤️ — NaomiOsaka大坂なおみ (@naomiosaka) January 28, 2021...

Jan 29, 2021

These Former College Roommates Are Now Hotel Owners After Closing A Historic $8.3M Deal

These two college roommates just became business partners. Davonne Reaves and Jessica Myers first met in the early 2000s when the two became roommates at Georgia State University. Now, they are making history as business partners who just closed on a historic $8.3 million hotel deal. Back in college, the journalism and hospitality majors probably couldn’t have fathomed that by age 33 they’d be hotel owners. According to Black Business, the deal is said to have made them the youngest Black women to ever co-own a property in a major hotel chain. Reaves and Myers created their own hotel ownership group of mostly Millennials and partnered with Nassau Investments to acquire Home2Suites by Hilton located in El Reno, Oklahoma just about 30 miles from Oklahoma City. “I never thought by the time I was 33 that I’d be a hotel owner, but I admit that it feels great to have accomplished that at this point in my life,” Reaves said, according to Black Business. “Making history in the process, well...

Jan 4, 2021

Meet the Millennial Leveraging Entrepreneurship and Ownership Through His Brand, More Than A 9 To 5

Timothy Webb, Jr. started lifestyle brand — More Than A 9 To 5 —  to generate more conversations around Black people’s mindset surrounding financial literacy, ownership, gentrification, and beyond. However, Webb has managed to do more than just create conversations. The 30-year-old is now actually taking problems like gentrification into his own hands through the real estate industry all while still working his day job. Outside of being in constant relationship with others, as someone who’s well-versed in the tech space, working for companies like GE and currently a company that supports cybersecurity for the federal government, he also uses his technology background to run his business. Whether it’s securing rental payments for his property through their electronic web portal or building his own website for his company, More Than A 9 To 5, Webb is equipped with the knowledge to keep things running both at the forefront and in background. “I think so many people hide behind a title...

Nov 27, 2020