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Investment firms are a necessary part of the business world. But did you know that these celebrities helm up their own? From a tennis legend to several rappers, these twelve celebs are redefining what the names and faces of investment firms look like. No longer tied to “old-money white wealth” like Goldman Sachs, JPMorgan Chase, and Bank Of New York Mellon, these celebrities have proven that investments made back into the Black community pay off in much larger dividends…and cultivate goodwill in the long run. For example, Karan Wadhera — the managing partner for Snoop Dogg’s Casa Verde — even left his position in the “traditional” investment firm world to work with the legendary Doggfather on his venture. He told TechCrunch that he was driven to do so to shift people’s focus onto things that weren’t getting enough attention at the time (in Casa Verde’s case, Black ownership and cannabis investment). “We have a decent-size checkbook and a fairly high profile in this space, so we see...
Morehouse College President Dr. David A. Thomas has joined the Vanguard board of directors. In a press release announcement, it was revealed that Dr. Thomas will help manage a fund worth more than $8 trillion. Vanguard also offers more than 400 funds to more than 30 million worldwide investors. “Serving on the Vanguard board of directors is an opportunity to support an investment philosophy focused on optimizing long-term asset value for a diverse group of investors,” said President Thomas, in the press release announcement. “We are thrilled to welcome David to Vanguard’s Board of Directors,” said Vanguard chairman and CEO Tim Buckley, in the same press release announcement. “He is a purpose-driven leader who has extensive experience in setting a vision, inspiring an organization, managing operations, and developing talent equally. Our client-owners will benefit tremendously from his governance.” Prior to serving at Morehouse College — and the Vanguard board of directors — Dr....