TikTok’s most followed creator Khaby Lame sold his company to Rich Sparkle Holdings in a $975M million all stock deal that includes the rights to build an AI digital twin of his likeness. This deal signals that influence itself is becoming an asset class.
America’s Black billionaires represent an array of industries and business ventures, the bulk of their wealth came from the sports or entertainment industries. The people on this list are worth $54.9B combined.
Art collectors are adjusting their investment strategies downwards because of the unpredictable and ongoing economic changes. 2023 saw them slash their investment portfolios to 19% from 24% in 2022. This takes a toll on the already declining Black artists’ representation in global auction sales which currently stands at at 1.9% from 2008 to mid-2022.
Hip-hop icon Eve is parting ways with her music catalog for an eight-figure deal, in the ballpark between $25 million and $50 million
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