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Wyclef Jean Raises $25 Million To Finance Music Publishing Services In Africa And Developing Countries

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The generous charitable initiatives established by three-time Grammy Award winner Wyclef Jean, in his native Haiti and other developing countries in Africa, are a significant part of his legacy. Jean hopes to see these regions continue to thrive and, more recently, has turned his attention to the fast-growing music genre of Afrobeats, which has had…

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Kobe Bryant leaves behind a Business Empire that stretched beyond the Basketball court

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Kobe Bryant’s legacy extends beyond his time on the basketball court. He was also known to the business world as a brand-builder; an investor; and a coach to other athletes and company founders. Bryant died Sunday in a helicopter crash in Calabasas, California at the age of 41. “For 20 seasons, Kobe showed us what is possible when remarkable talent blends…

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This Black Owned Commercial Real Estate Firm Has Done Over $15 Billion in Transactions

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T. Dallas Smith & Company is a Black owned commercial real estate services firm that specializes in Tenant and Buyer representation services for corporate users of office, industrial, and land. The firm is Atlanta based, with offices in Dallas, TX, Los Angeles, CA and Trenton, NJ and projects across the country. The members of the firm,…

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Byron Allen Acquires 11 TV Stations for $290 Million

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Entertainment Studios CEO Byron Allen is expanding his TV station holdings with the purchase of 11 small-market network affiliates from USA Television for $290 million. The largest of the stations is in market No. 79, Huntsville/Decatur/Florence in Alabama. The deal unveiled Tuesday with Atlanta-based USA Television brings Allen’s investments this year in small- and mid-sized market TV…

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Queen Latifah is Investing in a $14 Million Real Estate Project in NJ

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Hip-hop icon Queen Latifah is returning to her hometown of Newark to invest in a cluster of multi-family town homes along Springfield Avenue and South 17th Street. The $14 million project is expected to break ground in the summer. Latifah, a co-president of BlueSugar Corporation, is working with GonSosa Development on the project, which is…

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Former NBA Star John Salley Invests in Plant-based Pesticide Company

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Four-time NBA champion, vegan, and wellness entrepreneur John Salley has acquired an equity stake in plant-based pesticide company, PureCrop1. “I have successfully invested in several early-stage companies and feel PureCrop1 is a game changer, valuable to all sizes of Agriculture and can also be utilized by many companies I work with,” Salley, who will also act as…

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Tela Holcomb Retired At 29 After She Taught Herself How To Trade Stocks

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From the outside looking in, you’d never know that Tela Holcomb has a net worth closely approaching the millions. She’s a happy mother and wife who lives below her means but made financial freedom a priority. Not too long ago, Tela had a government job, worked a 9 to 5 and knew nothing about the…

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Economic Activism: The Most Viable Long Term Strategy [Part1]

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To state the painfully obvious, innocent Black people are being murdered by police on a consistent basis. The Prison Industrial Complex continues to close in on us. Our school systems are deplorable.  Many of us don’t have access to healthy food options. Our neighborhoods are being gentrified. And no one is being held accountable. In response,…

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What Africa Needs: Trade Not Aid

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“Trade Not Aid” is a popular phrase used by proponents of the idea that instead of giving ‘free money’ to Africa to fight poverty and hunger, donors should support job and business creation through foreign direct investment. Don’t get me wrong, not all aid is bad. I am not referring to emergency aid given in situations like a…

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