Thirteen-year-old CEO Alejandro Buxton has been awarded $10,000 for his candle business.

Whether you are a Gen Z’er, Millennial, Gen X’er or Boomer, you have probably seen Daymond John on TV. Elder Millennials, Gen X’ers and Boomers probably remember John from the iconic FUBU brand launched with famed spokespeople like LL Cool J during the 90s. Meanwhile, younger Millennials and Gen Z members may only know him as one of the main angel investors on the hit ABC reality show, “ Shark Tank .” Wherever one remembers him from, Daymond John has become a fixture in the investor circuit and a strong example of Black Excellence fueled by entrepreneurship. From working behind the scenes when Hip-Hop expanded beyond the music industry to becoming the face of helping small business owners skyrocket to success through shrewd business deals, he has proven his business acumen time and again. Which leaves just one question — how much is Daymond John Worth? Daymond John’s Early Life Like many people in and around Hip-Hop during the early years, Daymond John is from New York — Brooklyn to...

A Black-owned business has gone from securing what was initially a promising deal to facing a “nightmare.”

In 1997, we were introduced to the sibling trio of Teri, Maxine, and Bird — the Joseph sisters. Like many families, they were a tight-knit group that navigated life’s challenges and moments in what they believed were the most appropriate ways. With spouses, children, and close friends all a part of the ecosystem around the siblings — their mom was at the center, holding them all together. If you haven’t figured it out yet, “Soul Food” is the story, and it’s a “blassic” (Black classic) about the power and influence of Mama Joe and how the lessons she gave her girls served as generational wisdom that was deeply rooted in tradition. Familial relationships range in closeness and health, but moms frequently have a special place in the hearts of children. When growing up, your mom’s advice may seem nerve-racking and annoying, but when the perils of adulting start to kick in, her wisdom is always clutch. Millionaire Daymond John is a testament to such wisdom and support. John is likely...

Tripping and falling are common occurrences, and most people’s first line of defense is grabbing a bandage to cover the bruise or scar. Using a bandage isn’t the issue for most Black and Brown people. The problem lies in the “nude” tone not matching their skin tone. In response, Rashid Mahdi and Intisar Bashir created a solution to solve this color-matching problem. In 2018, the husband and wife entrepreneurs launched Browndages, a company that sells a variety of skin-toned bandages. On a recent episode of ABC’s “Shark Tank,” the couple admitted that their brand didn’t have a lot of “buzz.” However, all of that changed in the summer of 2020 when social uprisings were happening all over the nation. There was an uptick in Black-owned business support and advocacy during that time, and Browndages reaped the rewards. During that summer, the couple saw revenue go up to around $130,000 in just under a week’s time. Fast forward and the couple has stood on national television explaining to...

Sometimes it just takes the right person to see the vision in order to make things happen! After a desire to help their children remain connected to their roots, Abisola and Temidayo Adedokun created Ade+Ayo , an apparel brand that not only designs comfortable clothing but also teaches kids about African traditions. View this post on Instagram A post shared by Ade + Ayo (Ah-day and Eye-yaw) (@adeandayo) According to Meaww, during a recent episode of “Shark Tank,” the company stepped into the tank with hopes of securing $175,000 for ten percent equity. Currently, Ade+Ayo sits at a valuation of $1.7 million and has drawn in approximately $160,000 in sales. So, the goal was to land a deal that would allow them to expand their staff beyond the workflow operation that is made up of two people. Although the “Shark Tank” crew did not fully get behind the brand, they did walk away with an offer that could set them on the right path toward expanding and growing the company.

Even beyond ABC’s “Shark Tank,” Daymond John remains committed to supporting small businesses. During his second annual Black Entrepreneurs Day, Daymond John awarded $250,000 in NAACP Powershift Grants to Black entrepreneurs across the U.S., ET reports. The event featured conversations with Kevin Hart, Shaquille O’ Neal, Tyra Banks, Michael Strahan, Marcus Samuelsson, Rev Run and D Nice — where they all shared stories of their journey as business owners. “One thing I preach, ‘Different is better than better,’ I preach that, I preach that, and it is. However, when you are even a female founder, it’s not just about being different, you’ve gotta be better,” Banks shared at the event. “It’s like as Black people, momma has taught us, you can’t just do the same thing, you’ve gotta do better just to get this much.” Along with sharing their stories, the special guests were all a part of awarding the grants to small business owners who fought through the impact of the pandemic. According to...