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Meghan Markle has been intentional about investing in female-led companies over the years, The New York Times reports. Markle, a former actress and Duchess of Sussex through her marriage to Britain’s Prince Harry, has taken advantage of the limelight to provide greater visibility to brands. A bag she wore from Scotland brand Strathberry after her engagement in 2017 was sold out in 11 minutes. She said that moment “changed everything in terms of how I then looked at putting an outfit together.” It has led her to become more intentional about what brands she aligns with and wears. Markle also mentioned, “Times where I know there is a global spotlight, and attention will be given to each detail of what I may or may not be wearing, then I support designers that I have really great friendships with, and smaller, up-and-coming brands that haven’t gotten the attention that they should be getting. That’s one of the most powerful things that I’m able to do, and that’s simply wearing, like,...
Kordell Beckham spoke his dream partnership into existence. Beckham, a Houston, TX, native and brother of NFL player Odell Beckham Jr., was among the Season Six cast of “Love Island USA” and ultimately won the coveted $100,000 cash prize with fellow contestant and love interest, Serena Page, US Weekly reports, with the two still a couple today, according to Forbes. Beckham plans to invest his portion of his “Love Island USA” earnings, per Access Hollywood. Beckham’s knack for business was highlighted during the season in a chat with Page, with whom he explained his career as a model and an aircraft fueler. Blavity reported he has even worked for Odell Beckham Brands, which offers men’s grooming products. Beckham also mentioned that he would like to be a homeowner in the future and is interested in securing a sponsorship with snack brand Cheez-It. “I can’t get enough of Cheez-It,” he told Page. Upon exiting the villa, Beckham and Page conducted a series of interviews, including one...
Charles Barkley claims to have left a considerable amount of money on the table to remain with TNT. The former- basketball -player-turned-television-host joined the network back in 2000, and viewers have since watched his take on “Inside the NBA” alongside Ernie Johnson Jr., Kenny Smith, and Shaquille O’Neal. In 2022, Barkley extended his commitment to TNT, signing a 10-year $210 million contract, according to Front Office Sports. His impact in the field has been valuable to the network and media landscape earning him four Sports Emmys and leading to his induction into the Sports Broadcasting Hall of Fame, CNN reports . However, recently the future of “Inside the NBA” was brought into question when it was announced TNT may lose media rights to the NBA. USA Today reports the NBA did, in fact, decide to move forward with “a long-term arrangement with Amazon” because TNT Sports’ parent company, Warner Bros. Discovery, did not match Amazon’s offer. The NBA said the move would go into...
MC Lyte wrote her first single at 12 and later became a pioneer in Hip Hop. The Brooklyn, NY, rapper, born Lana Michele Moorer, would bet on herself early on and auditioned for First Priority Records, in front of its signees Kirk “Milk Dee” Robinson and Nat “Gizmo” Robinson, as the label, ran by Nat Robinson, were looking to sign a female artist. With the permission of her mother at the time, she went to the audition, which was held in a basement. “Here I am going to this guy’s basement in Brooklyn. It could have ended so many different ways. However, I laid the first rendition of ‘I Cram to Understand U’ down on there,” she said in an interview with “The Breakfast Club” podcast. Ultimately, MC Lyte’s talents led to her signing to the label in 1986, per Blackpast. She reveals she was given a $5,000 advance, which was spent to purchase a vehicle. “I got an advance, which was $5,000, and I took that $5,000 and I put it on my Jetta, the whole thing like ‘Yeah that’s all I need is a...
Tia Mowry is influenced by her role as a mother to fight for pay equity. During a virtual interview with AFROTECH™, the actress, mother of two, and founder of haircare line 4U by Tia was vulnerable about the challenges at hand as she navigated the entertainment industry, not only as a woman but a Black woman. By the numbers, disparities are prevalent. Forbes reports the highest paid actresses in 2018 made 24.8 cents for every dollar earned by male actors, and this equated to $186 million earned by the top 10 highest-paid female actors and $748.5 million compensated to the top 10 highest-paid male actors. When considering the numbers for Black women actresses the numbers become acute as well. They earn 64 cents for every dollar made by a white actor, according to research conducted by the National Partnership for Women and Families. For Mowry, the harsh reality of inequity cannot be overlooked, but she remains unwavering in her commitment to her craft and to championing change,...
Many people first came to know Keke Palmer as the pre-teen spelling whiz in “Akeelah and the Bee” in 2006. A few months before the drama film’s release, “Madea’s Family Reunion” began showing in theaters. Directed, written, and produced by Tyler Perry, at age 11, Palmer played the role of Nikki, a young girl who became Madea’s foster daughter. Nearly two decades after “Madea’s Family Reunion” was released, Palmer is continuing to show gratitude to Perry for the acting gig. While the media mogul was a guest on the longtime actress’ podcast, “Baby, This Is Keke Palmer,” she recalled the movie set and cast feeling like a family. “Everybody felt like my aunties and uncles and cousins and just family and friends,” Palmer expressed to Perry. “That was a great experience.” Palmer also recalled how Perry went above and beyond when it came to the check she received from the film. “That was the first time that I have ever been in a movie, and it introduced this for me in business,” Palmer...
Da’Vinchi, 28, has been on quite a roll in Hollywood. From shows like “Grown-ish” to “All American,” the Haitian-American actor has been stacking roles. However, Da’Vinchi’s starring role and portrayal as Terry “Southwest T” Flenory on 50 Cent’s “BMF” (or “BMF: Black Mafia Family”) on Starz is his biggest gig to date. Although Da’Vinchi, born Abraham D. Juste, has made a name for himself in the acting world, he is transparent about coming from humble beginnings. In an interview on REVOLT’s “The Blackprint,” the Brooklyn, NY, native was open about the way he grew up. “I grew up in poverty,” Da’Vinchi told host and REVOLT CEO Detavio Samuels. “A very normal situation that most of us grow up in, but of course while you’re in it you don’t really know it because everyone else is like that around [you] until you switch environments. And then, you start realizing the depths of the lack that you were in.” He added, “The poverty that I faced was you don’t have all the meals throughout the...
Hello Alice is continuing its commitment to serving underserved entrepreneurs. In partnership with the Global Entrepreneurship Network (GEN), Hello Alice has officially launched the next round of Baltimore Gas and Electric Company’s (BGE) Energizing Small Business grant program. The initiative offers $20,000 grants to central Maryland businesses to help them succeed and thrive, according to the Hello Alice website. No stranger to empowering local small businesses, the BGE Energizing Small Business grant deployed more than $2.5 million in grants to 129 small businesses in central Maryland in 2023. “When small businesses thrive, they become powerful economic engines, creating even more opportunities in their communities and we are so pleased to celebrate today’s grant recipients,” said BGE President and CEO Carim Khouzami in the 2023 grant announcement. “Since 2019, BGE has granted over $13 million to small businesses throughout Central Maryland. This is in addition to other small...
Household names in American sports are more commonly associated with athletes from the NBA, NFL, and MLB. However, some athletes outside these organizations have broken past the ubiquitous fandom of American basketball, football, and baseball — one being Formula 1 superstar Lewis Hamilton. The British native’s journey into racing began at the tender age of 8 when he was gifted a used go-kart, coming in at a price point equal to his family’s monthly income, according to Formula 1. Hamilton’s story is a testament to the power of family support, as he participated in local racing events, won championships, and honed his skills with their backing. His dedication to his craft led to him winning his first F1 race, the Canadian Grand Prix, at the age of 22. This win was especially noteworthy as Hamilton was the first Black driver in the sport. In July 2024, the 39-year-old won his 104th race at the British Grand Prix, while already holding the honor of winning the most Grand Prix titles of...
Serena Williams was playing to win. As AFROTECH™ previously reported, Williams was purely satisfied by the game, and money was an afterthought. So much so that she would often forget to pick up her prize money after tournaments. “When I started tennis, first of all, I’m from Compton, CA, and I remember playing on these courts, and my life was great. I never felt like I needed anything. So for me, money was never a motivation,” Williams explained on Bloomberg Originals’ “The Deal” podcast hosted by Alex Rodriguez and Jason Kelly. “I remember when I first started, back in the day, they used to write out checks after you won your tournament. And I would always forget to get the checks. And so at the end of the year they would always have to say, ‘Serena, we have all these checks for you.’ I’m like, ‘Oh my God.’ And at the time, I had an accountant who would be like, ‘Serena, they sent me all these checks that you would forget to get from the tournaments.’” While she reveals she was...
Fantasia Barrino had to answer to Uncle Sam and almost lost her home in the process. As AFROTECH™ previously reported, the singer had vocalized her financial troubles that followed her “America Idol” win in 2004. She was sued by her father two years later and had difficulties with money management and understanding contracts. “It wasn’t easy,” she told PEOPLE. “I lost a lot. I lost everything.” Barrino’s circumstances almost even cost her the mansion she had been living in with her family in North Carolina, according to Forbes. She was served by the court for the first time due to owing $1 million in taxes, and her home could have been put up for auction as a result. “I had a bunch of people on my team who said ‘hey we’re handling all the business,'” she shared during ForbesBLK Summit 2024. “I look up and I owe a million dollars in taxes. So, because of that my lawyer didn’t show up to court, and then they put my house up for auction.” She continued, “I get a knock at the door, and...
Simone Biles is anticipated to be part of her third U.S. Olympic team. According to NBC News, the 37-time world and Olympic medalist’s “scoring potential is the highest of any gymnast in the world.” Therefore, she will most likely make the U.S. team in all-around, vault, and floor events. However, despite her appearance, Biles will not be paid for her time at the upcoming Olympics, NBC Insider reports. The International Olympic Committee over the Games explained that operating under a for-profit model would harm the sports being featured as a whole, leading to the sports that generate more money having a stronger presence. “Imagine if the IOC were to organize the Olympic Games on a for-profit business model,” the International Olympic Committee explained to NBC Insider. “The event would be limited to those sports that generate the most significant revenues, and it would not involve athletes representing teams from 206 NOCs [National Olympic Committees]. It would not be Olympic Games...
GloRilla had to take control of her spending after her first hit single took off. In 2022, the Memphis, TN-born artist, born Gloria Hallelujah Woods, found success with the release of her single “F.N.F. (Let’s Go),” produced by Hitkidd. ”It didn’t take the song long to blow up. It blew up in like three days,” she said during an interview on “The Shop” podcast. “So, I was just traveling the world like two days after I dropped that song ‘cause all the labels were calling me everywhere. So yeah, my life changed, changed right after I dropped that song.” Her newfound fame came with some learning curves, such as keeping her spending habits in check. During the interview, she notes that she shifted her mindset with spending when rap-artist-turned-music-executive Yo Gotti intervened and suggested she hire an accountant. “My first year I blew up, this was before I got an accountant. I was just spending money, and I’m like, ‘Okay, I’m getting it. I’m making it but I’m spending it too,'” she...
Trina gave her first check from Atlantic Records to her mother. The rapper, born Katrina Laverne Taylor, signed to the label in the late ‘ 9 0s after making her first appearance on Trick Daddy’s song “Nann N–ga” in 1998. Trina was able to launch her music career as her presence on the track caught the attention of Ted Lucas, the founder of Slip-N-Slide Records to which Trick Daddy had been signed. “This is what they want to do. This is the deal. They going to merge with Slip-N-Slide. This is the deal coming through this Trick and Trina record… and it was a great deal, and we just I did it and immediately this was in ’98,” Trina said during an interview on the “R&B Money Podcast” hosted by Tank and J Valentine. Despite receiving her first check, Trina was more focused on finishing her debut album than making a major purchase. So, she gave it to her mother who used the check to invest in real estate. “I gave the check to my mom actually and… I had introduced my mom into like buying...
Doing things on one’s own terms often pays off. In February 2023, Cam’ron launched the podcast “It Is What It Is.” While on a panel at Black Enterprise’s 2024 Disruptor Summit in May, the rapper recalled brainstorming the vision for his sports talk show and investing in himself. “All the sports shows to me were pretty much the same… So what I did was, I said I’m gonna invest $250,000 into this project,” Cam’ron told the outlet. “And I said, what I’m gonna do is I’mma build a professional setting and put on a suit, but talk how we talk to each other when it comes to basketball.” @blackenterprise From arguing with friends to a $20 million deal! Cam’ron breaks down the journey of his podcast and how it all started with a passion for sports and a $120k investment. #PodcastGoals #SuccessStory #Camron #ItIsWhatItIs ♬ original sound – BlackEnterprise Although Cam’ron chose $250,000 as the cap number for his investment, he shared that he only spent around $120,000. Plus, the show started to...