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
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
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
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
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
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
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
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
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
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
Patrice Motsepe with his wife Precious Networth: $2.66 Billion US Marital Status: Married (Precious Motsepe) Company: African Rainbow Minerals Ltd. Country of Citizenship: South Africa Patrice 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
The American economy is still the biggest in the world, by a wide margin from its next competitor, China. The average yearly GDP (gross domestic product) is 14.5 trillion US dollars. To put that in perspective its next closest rivals put together don’t come close in wealth. The US have the most billionaires and millionaires
First there was one, Oprah Winfrey. For a long time the only female, black billionaire in the whole world. More precisely, Lady O was actually one of the first acknowledged black billionaires alive. Today, the brilliant Ms Winfrey is America’s only black billionaire. A shameful proof of the country’s lingering baggage it’s long abolished black
President Obama’s minting more millionaires and billionaires than any US leader in recent memory. Since the record fall of the financial markets under George W. Bush – which also continued for a few months into Obama’s first term – the rich got richer. Most gains from investments are taxed at a precipitously smaller rate than
The world’s newest billionaire gets no love from Forbes magazine. In an article titled, “Isabel Dos Santos, Daughter Of Angola’s President, Is Africa’s First Woman Billionaire” – Forbes formally introduced us to, Isabel Dos Santos from Angola. Forbes, the foremost authority on wealth, albeit personal or commercial – thoroughly vetted Santos in their story. The
Isabel Dos Santos is the sexiest billionaire in the world. Let’s face it, most billionaires look like the nerd king, Bill Gates. Then there’s President Obama’s friend, the totally unsexy, hairy, Warren Buffet. When the world got its first look at a – true – pretty billionaire, we all rejoiced. It is possible; becoming a
Barack Obama is the 3rd best performing president for Wallstreet – in history. He best both president Bushes and Reagan. In fact the first African American president out shone all republican presidents. Digging into the data shows a man who lead his country through its second worst financial collapse with foresight and strength. He did
The Chevy volt is out selling its main competition, the Nissan Leaf, by more than 2 to 1. Chevrolet sold 23,461 units in 2012 alone, compared to Nissan’s 9,819 sales of its Leaf. There was a lot of pressure on Ed Welburn and the other Execs at GM to move more units of the Chevy
The sexy 2013 Viper Srt is gonna set you back 98 grand; thank ms Halle Berry for that. While you’re at it, thank her for being the beautiful inspiration behind this car’s rebirth. When the markets crashed in 2008 many car brands started shedding their slow selling models. For Chrysler, that meant axing the beloved
Chrysler’s head of design, CEO of it’s motorsports division, Ralph Gilles revealed some details about the Dodge Viper 2013 iteration. The 2013 model which will retail for about $95,000 – $100,000, is finally going to be equipped with amongst other things, cup holders and cruise control. Some car traditionalists aren’t too thrilled about these two
Mellody Hobson is on a mission. Others may call her journey, something of a crusade; she has traveled far and wide spreading her message of greater economic freedoms and choices for all. She’s steadfastly pushed this broad vision through any medium she can find and to anyone who’ll listen. Melody is a regular on ABC
Ursula Burns was ranked the 20th most powerful woman in the world by Forbes Magazine for their 100 Most Powerful Women annual list; Fortune magazine placed her at 9th in their annual 50 Most Powerful Women list. In July, 2009, Ursula was appointed CEO and chairman of the fortune 500 heavy weight, Xerox. She was then and still
A kid with a dream can change the world. How many times have our parents push this simple idea into our heads, Ralph Gilles listened; if he didn’t, Chrysler would have gone belly up long ago. Sure President Obama and the Democrats threw Chrysler a very needed lifeline. Still, before the bailout no one can argue
Patrice Motsepe has steadily amassed a truly huge fortune by sheer determination, hard work and some luck. Mr. Motsepe is a beacon in South Africa, though he will not court that distinction, fact is, a multi-billionaire hailing from Soweto just is. A lawyer by training, he became the first black partner at Bowman Gilfillan law
It’s summertime 2010, you’re at the Street Pro Finals of the Maloof Money Cup in Orange County, California. The skating skills of these young cats are beyond reproach, one after the other they display pure talent. Then after few of the top skaters finish their routines, when one might believe the competition couldn’t possibly get