51% of Americans with $100,000 or more in annual income said they lived paycheck to paycheck, according to the LendingClub and Pymnts.com survey. Although many factors may contribute to this, the effects of inflation are burning holes into the pockets of too many Americans, causing them to live on an earn-and-spend treadmill.
Jeff Bezos’ family office backed five AI startups in a single month, including a $12 billion round for Prometheus, while Black founders received just 0.32% of U.S. venture funding all year. The wealth gap isn’t closing; it’s accelerating.
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.
Creator driven Fintech platforms are helping content experts monetize directly as this industry could roughly double in size and reach $480B by 2027.
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