Black Beauty Brands Beat Faces But Not Banking On Billions…Yet 

Black consumers are not shy when it comes to purchasing beauty products that take prime place in their self-care routines. However, despite accounting for more than 11% of beauty customers throughout the country, Black-owned beauty brands account for only 2.5% of total revenue accrued from the industry. Given that 11.1% of beauty sales comes from the pockets of Black Americans, this is not a good look considering the $2.6 billion opportunity that’s being slept on by not addressing the beauty industry’s racial inequity.

Are Black Gamers Winning Big With NFT Business Partnerships?

Non Fungible Tokens (NFTs) will soon change the financial futures for Black creators. Technology studio Mythical Games has raised $75 million to create a product where in-game avatars, in an open- world, will become NFTs. This recent news has given license to Black gamers in the digital gaming industry that’s hit a $127 billion market size, to have more autonomy to accrue financial wealth and independence from video game publishers.

Creative AF: The Reason Black Influencers Are Paid 35% Less Than Their Counterparts

The pay gap between white influencers and BIPOC alone is an unmerited 29%, and there is no reason for this discrepancy beyond tokenism that suited the corporate agenda in 2020. Additionally, no business seeks to be labelled as ‘siding’ with social media platforms who are practicing shadow banning of non-white creators. Black creators know their gravitas, and yet are continually having their value undermined, leading to them to cancel the same social media platforms who are dependent on their content to fuel growth with the influencer marketing sector expected to reach $15 billion by 2022.

Private Sport’s Equity New Black Ownership Looks To Tap Into $51 Billion Market

There’s a new private equity team in town with Black ownership at the forefront with Don Cornwell, Partner at PJT partners and Jonathan Nelson, Founder of Providence Equity Partners. Their new sports equity firm ‘Dynasty’ will specifically invest in professional teams across the world, along with increasing minority investments in sports teams, giving Black business leaders a one-up in a highly competitive industry. The firm is aiming to raise more than $1 billion for their fresh financial endeavor, having already achieved a first by making Cornwell the first Black co-owner of a sports-focused private equity fund.

Black Wealth Could Be On The Rise With Progressive Cryptocurrency Investors

Black-owned businesses and their finances were disproportionately impacted by COVID, but now the tides are turning as this demographic is utilizing the technologies behind blockchain to own the cryptocurrency market.Just under one in four, about 23%, of Black people own this cache currency, compared to 11% of White Americans, and 17% of Hispanics. Last year, approximately 13% of Black households in the U.S. were unbanked which left them financially vulnerable. Cryptocurrencies offer a new decentralized financial model allowing Black communities to grow their own wealth, after being ostracized for so long from traditional banking institutions.

Black Businesses Are Beginning Their Post-Pandemic Boom Up 38%

The impact of COVID–19 caused immense financial distress for small businesses across the country, particularly African American entrepreneurs, who were one of the hardest hit groups at the beginning of the pandemic. However, the tides have turned as the number of Black business owners continues to rise, skyrocketing to being 28% higher in Q3 2021 than pre-pandemic levels, compared to 19% of Latino business owners and 5% Asian. This is thanks to a record number of Black female entrepreneurs starting their own enterprises and becoming CEOs of their companies.

Instagram Seeks To Make Amends For Cultural Appropriation Of Black Creativity

By Sabrina Lynch Instagram launched creator tags so that Black and underrepresented creatives receive credit for their content Twice as many white influencers earn over $100K compared to Black influencers Instagram is finally introducing features on its platform for Black and underrepresented creators to receive credit for their content. The new feature will allow creators

Nigeria Primed To Boost Viewership For Amazon Video With New Studio Deals

By Sabrina Lynch Amazon signed a multi-year licensing deal with Nigerian production company Inkblot Nollywood movies annually generate $600M for the Nigeria’s economy Nigerian production company Inkblot signed a multi-year licensing deal with Amazon (AMZN +0.20%) Prime Video to provide new releases to the video-on-demand platform. The streaming giant is looking to tap into Africa’s

Nigeria Primed To Boost Viewership For Amazon Video With New Studio Deals

By Sabrina Lynch Amazon signed a multi-year licensing deal with Nigerian production company Inkblot Nollywood movies annually generate $600M for the Nigeria’s economy Nigerian production company Inkblot signed a multi-year licensing deal with Amazon (AMZN +0.20%) Prime Video to provide new releases to the video-on-demand platform. The streaming giant is looking to tap into Africa’s

How The Bitcoin Boom In Black Communities Could Bust Banking Institutions

By Sabrina Lynch 1 in 3 African American investors own cryptocurrencies compared to 17% of white investors 25% of millennial millionaires invest their wealth in cryptocurrencies After 100 years of systematic racism, fewer African- Americans are investing in stocks, instead turning to the profitable benefits of cryptocurrency and its decentralized model to bring in the

Black Wealth On The Rise With Progressive Cryptocurrency Investors

By Sabrina Lynch 23% of African-Americans own cryptocurrency and 44% of investors of color own them as well Cryptocurrency Market Triples in less than a year from $770B to $2.7T Black-owned businesses and their finances were disproportionately impacted by COVID, but now the tides are turning as this demographic is utilizing the technologies behind blockchain

Bitcoin Boom In Black Communities Could Bust Banking Institutions

By Sabrina Lynch 1 in 3 African American investors own cryptocurrencies compared to 17% of white investors 25% of millennial millionaires invest their wealth in cryptocurrencies After 100 years of systematic racism, fewer African- Americans are investing in stocks, instead turning to the profitable benefits of cryptocurrency and its decentralized model to bring in the

The Troubled $6 Trillion Family Office Business Sends Shock Waves Through Black Investment Industry

By Sabrina Lynch Former family office financial Investor Bill Hwang gained $20B and lost it all in 10 days Family offices offer a way for minority-led businesses to grow their assets The implosion of Bill Hwang’s Archegos Capital Management is a case-study in a spectacular fall from grace and failure in modern financial history, among