These two men are richer than 11 million Canadians, combined.

2 years ago by

Canada being apart of the G8 (Group of 8 major industrialized countries) means the country and its population of 35 million should be amongst the world’s wealthiest. How is it possible then that only 2 individuals are richer than the bottom 30% of this rich nation’s population. Yes, these two men – David Thomson (Net worth $28 billion) and Galen Weston Sr. (Net worth $9 billion)

Category: business economy

Tiger opening new $8 million restaurant

3 years ago by

Don’t cry for Tiger Woods because he won’t be taking part in this week’s WGC-Bridgestone Invitational since he’s missed a qualifying position. The Woodsman has a restaurant opening to attend. His own, an $8 million dollar eatery of course, called the “The Woods Jupiter”. The restaurant is slated to opens Aug 10, no doubt to much fanfare.

Category: business

Sean Combs America’s next black Billionaire?

4 years ago by

Sean Combs is not just a successful rapper (though his musical output has taken a backseat in recent years), he is arguably most gifted at business. Everything the New York native touches turns to gold, whether it be his stellar selling Ciroc Vodka, Diddy Beats headphones, etc. With a reported net worth at a staggering $700 million US, could Puff Daddy pull off something only

Category: business

U.S Stock market on fire, again

4 years ago by

The American stock market is on fire, posting a historic high on April 30th. Again continuing a trend since the American economy turned around under President Obama. The Dow Jones industrials index, the world’s most significant financial Barometer closed at a record high of 16,580.

Category: business

Top economist says Africa will grow faster than India and China

5 years ago by

Ted -The past decade has seen slow and steady economic growth across the continent of Africa. But economist Charles Robertson has a bold thesis: Africa’s about to boom. He talks through a few of the indicators — from rising education levels to expanded global investment (and not just from China) — that lead him to predict rapid growth for a billion people, sooner than you

Category: business

The top 10 richest black men in the world.

5 years ago by

There are more black billionaires in Africa than anywhere else on the planet; in fact the richest man on our inaugural list is Mohammed Al Amoudi from Ethiopia. With an estimated net worth at $10.4 billion US dollars, Mohammed Al Amoudi’s fortune  is approximately $8.2 billion US greater than the next man black man our list, South Africa’s Patrice Motsepe. Forbes magazine and others, estimate

Category: business

The US Republicants slowed job hiring in October.

5 years ago by

The private payroll processor ADP forecast 130,000 new private sector jobs were created in October the lowest in 6 months. Now many are pointing fingers at the Republicans and its depraved henchman Sen. Ted Cruz as the primary cause of the slow job growth. According to the Cnn money… “Private sector employers added just 130,000 jobs in October — their lowest level of job growth

Category: business

Barney’s racial profilling allegations puts partner, Jay-z in moral dilemma

5 years ago by

Rapper Jay-z is being urged to pull out of business dealings with luxury retail chain, Barneys New York. This comes after two separate incidences involving black customers who accused the chain of blatant racial profiling. Jay-z is taking a very cautious tone in the blow up, that’s mainly come to light because of a online petition on petition.org by one of the alleged victims According

Category: business

Billionaire creator of Patron liquor and Paul Mitchell hair care products thanks rappers

5 years ago by

John Paul DeJoria is the brains behind Paul Mitchell hair products and Patron Liquor empires. He had a sit down interview with a Forbes magazine writer a few months back, which was filled with inspiring thoughts for new entrepreneurs. However, in one of the most interesting portions of the interview John flat out thanked all rappers in a sincere moment, for making his products successful

Category: business

Ray Lewis $4,995,000 Highland Beach mansion on sale

5 years ago by

NFl legend, Ray Lewis is selling his opulent beach front mansion in South Floridia for a reported $4,995,00 USD. The now retired football great is expected to pick up a new job on ESPN as an analyst. The house is totally loaded. The property has endless ocean views, seven-bedrooms, eight-and-a-half-baths, a wineroom, office and fourth floor roofdeck. There is a gourmet kitchen with state-of-the-art Thermador

Category: business

Why Beyonce is richer than you

5 years ago by

Beyonce Knowles-Carter is the wife of hip hop’s most prolific entertainer and the eldest of her once manager father, Mathew. She is wealthy beyond the average person’s dreams and the singer/actress will only keep increasing her net worth at a phenomenal pace. Beyoncé’s net worth is somewhere between $350- $400 million, most of which she accrued in about 7 years. She earned $40 million in

Category: business

Potus wallstreet’s best frenemy

5 years ago by

With two long, drawn out wars, that he vowed to end and a domestic economy in pits GDP, dropping every quarter, everybody told him to concentrate solely on the economy and put aside his other ambitions. America up that time in history had reigned unchallenged as the world’s only mega super power. Then came the developing nations of China and India roaring out of left

Category: business

Black people 0.5 percent of world’s billionaires!

5 years ago by

Aliko Dangote is the richest black person worth $16.1 biilion US Seven is a significant number in many religions and cultures around the world. Jesus had his 7 disciples and then there are the 7 deadly sins. When comes to billionaires though, the number 7 is amount of black billionaires in the world and that’s kind of good but mostly bad. According to Forbes magazine

Category: business

Dow Jones hits record high 14,253 under Obama

5 years ago by

The Dow Jones industrial average’s hits record high on March 6, 2013, at 14,283. The index has not traded this high since October, 2007 under President Bush’s tenure. We all know the rest of the story, the markets tumbled off a cliff losing nearly 54% in value. In the Great recession, household wealth fell $18.9 trillion, or 28 percent, as the prices of assets like

Category: business

Folorunsho Alakija not included in Forbes’ richest

5 years ago by

Forbes magazine released its list of the richest people in the world, March 4th. To be on the list individuals had to have a minimum networth of $1 billion US or more. At the Billion is where a lot of super rich folks fell off this year’s chart, including Jamaican born Michael Lee Chin whose wealth plummeted beneath the magic number. The most disappointing exclusion

Category: business

Black billionaire of the day: Oprah Winfrey

5 years ago by

Black billionaire of the day: Oprah Winfrey Net worth: $2.7 billion US Company: Harpo Professional: CEO Our black billionaire of the day is the indomitable Oprah Winfrey. The Queen of talk t.v. and network owner pulled through a very rough patch with her baby OWN. The Oprah Winfrey Network is up steadily in ratings, thanks to a revamped schedule and staff juggling. Oprah is undoubtedly

Category: business

Black billionaire of the day: Patrice Motsepe

5 years ago by

Patrice Motsepe with his wife PreciousNetworth: $2.66 Billion US Marital Status: Married (Precious Motsepe) Company: African Rainbow Minerals Ltd. Country of Citizenship: South AfricaPatrice Motsepe wealth’s increasing despite the global economic downturn of 2008-2009. South Africa’s richest black man was not totally unaffected though; he was forced to halt investments into his home village that was promised years earlier. Some citizens of Mmakau, outside Pretoria, have accused

Category: business