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Keke Palmer Reflects On Becoming A Millionaire At Age 12 And 'Unrealistic' Expectations Surrounding Money Management That Came With It

Keke Palmer became a millionaire by the age of 12. In 2004, the Chicago native landed her first film role in “Barbershop 2: Back in Business” . Her breakout role came in 2006 with “Akeelah and the Bee” and just a year later, she showcased her acting skills as Mary Thomas in Disney’s “Jump In!” alongside Corbin Bleu. By that time, Palmer’s parents had already hired a business manager—a strategic decision aimed at ensuring financial transparency. “They wanted me to know that they they weren’t the ones controlling my money. They had heard these stories and my mom said I don’t want money to come in between me and my child,” Palmer said on “Club Shay Shay.” Palmer also benefited from a Coogan account, which was designed to hold a percentage of child star’s earnings. She added, “That always was there regardless of anything else.” Palmer also spoke on the intricacies of reaching millionaire status by 12. “I became a millionaire at 12. To expect everybody to have become a millionaire at 12...

Nov 22, 2024

Angel Reese's Former Agents Said She Wouldn't Make More Than $2K In NIL Deals, Today She's Shattered Those Expectations

WNBA star Angel Reese has exceeded the expectations of her former agents. During a panel discussion at ComplexCon 2024, Nov. 16-17, in Las Vegas, NV, the Chicago Sky player looked back on the discouraging advice she received from her former agents, who had low expectations for her success with name, image, and likeness (NIL) deals. “I used to be with an agency, and I’m not with the agency anymore,” the 22-year-old explained on the panel, moderated by Speedy Morman , according to Complex. “And initially when I was with the agency, that specific agency told me I was never going to make over $2,000. … And that was when NIL first started.” Reese would prove those agents wrong. She has secured a slew of NIL deals with companies that include: Wingstop McDonald’s Raising Cane’s Amazon Sonic Bose Banter by Piercing Pagoda TurboTax Xfinity JanSport Outback Steakhouse In April 2024, her NIL valuation had reached $1.8 million, notes The Street. Reese is now working with new agents, Jeanine...

Nov 21, 2024

Mathew Knowles Says He Opted To Personally Invest In Destiny's Child Albums And Music Video Shoots Despite Label Budgets — 'We Wanted To Control The Narrative'

Mathew Knowles has made a name for himself in the business world without the help of investors. Entrepreneurship In His DNA The businessman was seated center stage during the Building Wealth Today for Tomorrow Financial Empowerment Summit held at the UIC Forum in Chicago, IL, on Oct. 12, 2024. The event is designed to connect the community to tools, resources, and conversations that encourage the desire to create long-term wealth . “Bringing Mathew Knowles to our summit reflects our dedication to teaching real, sustainable wealth-building principles,” said Melissa Conyears-Ervin, the city’s treasurer . “His focus on generational wealth and self-funded success aligns with our goal of helping Chicagoans achieve true economic mobility. At the Treasurer’s Office, we believe everyone deserves access to the knowledge and resources to build wealth on their own terms, creating a legacy that will benefit future generations.” Photo Credit: Antwan Collins Knowles is well regarded as the...

Nov 20, 2024

How Country Star Kane Brown Went From Homeless To A Self-Made Millionaire

If you’re a major country music fan, you may already be intimately acquainted with Kane Brown. The country music singer , who is currently preparing for the release of his fourth studio album The High Road , has turned many heads with his inventive songwriting, charming personality and media appearances in everything from Nickelodeon’s All That to reality competition series The X Factor . Brown currently touts a listenership of over 15 million monthly active users on Spotify alone , with chart-topping tracks such as “Miles On It,” “What Ifs” and “Heaven” serving as his biggest records. Like many modern musicians, Brown marketed himself through social media and the internet without the assistance of the major music labels, making him something of an indie darling to his growing fanbase. Since Brown has been such a hot topic lately, it only makes sense that fans would be wondering about his current net worth. Though the singer is still a rising star, it seems that he has already...

Nov 20, 2024

Exploring Elvis Presley's Net Worth: How The King Of Rock And Roll Built His Empire

Unless you were born yesterday, you surely have at least some awareness of iconic 20th century musician Elvis Presley. Even if the King of Rock and Roll has no place on your Spotify Wrapped , you’ve surely heard your fair share of hit songs, catchphrases and impersonations over the years. The singer, often known by his first name alone, was responsible for revolutionizing the landscape of music throughout the 1950s and beyond, enthralling millions of listeners around the globe with his hypnotic blend of provocative dance moves and infectious vocal inflections. Today, his musical stylings are obviously quite dated, though it can’t be overstated just how much Elvis Presley propelled the culture of rock and roll into the mainstream. Though the singer has been deceased for nearly half a century, his legacy still lives on to this day, largely in the form of music biopics like 2022’s Elvis and the recently released Netflix documentary Return of the King: The Fall and Rise of Elvis...

Nov 20, 2024

22-Year-Old Angel Reese Says Estimates On Her Net Worth Are 'Way Off' And Reflects On Financial Stability — 'I'm Able To Soon Retire My Mom'

Angel Reese plans to retire her mother. Reese, born in Randallstown, MD, on May 6, 2002, to Michael Reese and Angel Webb Reese,  has grown into an influential athlete, already making her mark in the WNBA by holding the record for most single-season rebounds — before being surpassed by A’ja Wilson. Reese’s athletic genes come from her parents , both of whom played basketball in college. Her mother, Angel Webb Reese, played for the University of Maryland, Baltimore County (UMBC) and was inducted into its Athletics Hall of Fame, notes Today. She also had a professional career in Luxembourg. Michael Reese played at Boston College and Loyola University (Maryland) before competing overseas in Luxembourg, Austria, and Portugal, mentions USA Basketball. “My whole family played basketball. My aunts played basketball, my brother plays basketball, my grandparents played basketball. So, it kind of was like, ‘You’re gonna do this,’” Reese told Just Women’s Sports. Unsurprisingly, Reese picked up...

Nov 19, 2024

Artist Tierra Whack Wants To Normalize Conversations Surrounding Financial Literacy

Tierra Whack wants to normalize conversations around financial literacy. The rapper, originally known as Dizzle Dizz, has teamed up with Venmo for its financial education series, “Money Talks.” The series features a range of artists and entrepreneurs, some of whom are Whack’s peers. Kicking off its second season, Whack sat down with North Philadelphia designer and seamstress Adriana Williams, who works a 9-to-5 while scaling her lifestyle brand. “We realized, we have so much in common and we had the same struggles,” Whack, a North Philly native, told AFROTECH™. “I really was like enlightened when I was talking to my friends, when we were filming. I’m like, ‘Yo, this is crazy.’ These are friends I talk to almost like at least twice, three times a week. And then we sat in front of the camera and I’m like, ‘Yo, I never knew you were going through this. I didn’t know.’  I don’t know what it is about us, but  that’s just kind of like the unspoken thing. Venmo helped us break the ice. I...

Nov 18, 2024

Dame Dash's Roc-A-Fella Share Has Been Bought By The State Of New York

Dame Dash’s Roc-A-Fella share is no longer up for sale. As previously reported by AFROTECH™, Dame Dash was hit with an $800,000 judgment stemming from a copyright infringement and defamation lawsuit. Soon after, it was announced that his Roc-A-Fella share, valued at $1.2 million, would be put up for auction to cover his debt. The auction generated buzz as the share included partial ownership of Jay-Z’s debut album, “Reasonable Doubt,” and its associated songs. “Based on feedback I have received from interested parties (and I can’t mention names), this auction will likely bring out many household names in the sports and entertainment industries as well as those interested in a piece of a historically significant company, which holds an interest in a timeless debut album,” Dame Dash’s attorney Natraj Bhushan explained to Billboard at the time. The auction attracted attention from artists, including Drake and, unsurprisingly, Jay-Z, who allegedly made public claims that he would obtain...

Nov 18, 2024

How Gabby Thomas Sprinted From Poverty Into Millions In Net Worth

If you spent any time tuned into the 2024 Summer Olympics in Paris, France, you’re likely already familiar with the name Gabby Thomas. The young athlete has been turning heads for a few years now but truly established herself as a force to be reckoned with in the world of athletics by scoring a whopping three gold medals in the sprint and relay categories. Like some of her U.S. Olympic teammates , Thomas serves as the subject of the newly-released Netflix docu-series Sprint: The World’s Fastest Human’s Part 2 . The series, which premiered on the streamer on Nov. 13, showcases a few of the most prolific athletes currently competing for the title of fastest human being of all time as they outline their painstaking training regiment ahead of their Olympic performances. Given that Gabby Thomas is currently such a hot topic in the pop culture zeitgeist, now seems like as good a time as any to take a look at her career history, revenue streams and overall net worth to see what we can...

Nov 14, 2024

Dwayne Johnson Once Fired His Agents Because They Did Not Believe He Would Have Success That Matched Will Smith — Now He's Worth $800M

Dwayne Johnson decided to fire his agents because he saw the bigger picture. Johnson first put his name on the map as a professional wrestler, inspired by his father, Rocky Johnson, who had a legendary resume within the sport and was honored as a WWE Hall of Famer. “I think I’m going to like professional wrestling,” Johnson remembered, according to a conversation with GQ. “So we fought. [My dad] didn’t want me to get into it. And then I wound up having the career that I had. And he was proud. But he also wrestled with a lot of my success, and I know that as his son.” Johnson would later find a commonality between wrestling and acting. He revealed to GQ that he pivoted attention towards Hollywood, understanding that he could still reach the masses as an actor. “When I got into the business of Hollywood and moviemaking, it’s like, ‘Okay, well, what kind of movies do I want to make? I want to make movies that hopefully are good, that don’t suck. But also reach as many people as...

Nov 13, 2024

Gold Medalist Julien Alfred Is Running Head-First Into A Multi-Million Dollar Net Worth

Sports fans, or those who tuned into the 2024 Olympics , will surely recognize the name Julien Alfred. The Saint Lucian sprinter and gold medal champion made waves earlier this year with her incredible performance on the global stage, setting national records in the 100-meter event and taking home the very first Olympic medal for her home nation. Thanks to her ground-shattering performance, she is set to be one of several athletes recognized in the Netflix docu-series Sprint: The World’s Fastest Humans Part 2 . The series premiered on the streamer today, Nov. 13, showcasing Alfred’s hard work and dedication in the days leading up to her performance in the Paris Olympics where her success was highlighted on the global stage. In the trailer, Alfred can be heard saying, “This is my chance to make the world know my name.” Clearly, she succeeded in this goal, having brought home the gold and glory for her country. All About Julien Alfred’s Early Life And Career Beginnings (Li Ying/Xinhua...

Nov 13, 2024

How Letsile Tebogo Ran Up A $2 Million Net Worth In Just A Few Short Years

Though he is a relative newcomer to the world of professional track and field, Botswana’s own Letsile Tebogo shattered records earlier this year by taking home his nation’s very first gold Olympic medal . The runner, who’s affectionately known as School-Boy, is one of several Olympians set to take center stage in the upcoming Netflix docu-series Sprint: The World’s Fastest Humans Part 2 . The series, which premieres today, Nov. 13, will detail Tebogo’s grueling training regiment, unmatched dedication and eventual path to victory at the 2024 Summer Olympics in Paris, France. Since his star is on the rise, this seems like the perfect time to do a deep dive on the African speedster. Tebogo is known to stay quite private and refrain from excessive use of social media , though we’ve managed to piece together several inspiring details about his background, career highs and net worth, allowing fans from around the globe a chance to get better acquainted with his story. Letsile Tebogo’s...

Nov 13, 2024

World Champion Noah Lyles Is Sprinting Past A $4 Million Net Worth

If you spent any time tuned in to the 2024 Paris Olympics , you likely recognize the name Noah Lyles. The 27-year-old sprinter has made numerous headlines for his incredible athletic performance and earned numerous championship medals and special honors for his dynamic speed. Those interested in learning more about Lyles’ intense training regiment can find him appearing in several documentaries as of late, including the upcoming second installment in the Netflix original series, Sprint: The World’s Fastest Humans . Noah Lyles also hosts a documentary-style vlog on his personal YouTube channel under the title “Grassroots,” which sees him outlining his track and field skills, showcasing his warmups and even exploring his diet and other contributing factors to his epic performance. The world champion runner is also making headlines lately thanks to his prolific social media presence , which sees him taking on challenges such as a foot race with noted streamer IShowSpeed. Since Noah...

Nov 13, 2024

SZA’s ‘SOS’ Album Reportedly Helped Drive Sony’s $2.9 Billion Quarterly Revenue Alongside Other Factors

Sony Music had a successful quarter, reportedly driven by the success of popular artists like SZA. The St. Louis, MO-born artist is still basking in the success of her sophomore album “SOS,” which was released on Dec. 9, 2022. Billboard reports the album claimed the No. 1 spot on the Billboard 200 chart when it debuted, selling 318,000 equivalent album units and setting a record for the best streaming week for an R&B album. Hit singles on the album included “Kill Bill” and “Snooze.” Speaking to the album’s inspiration, SZA told Rolling Stone, “I think this album was partially inspired by love lost, but mostly inspired by my departure from attempting to be a nice girl. I’ve tried to be a nice girl for so long and it’s just not who I am, inherently. And I think I’ve done nice things and I am a kind person, but I’m not a nice girl. And that’s okay. And I think coming to terms with that and really expanding upon that and exploring that is kind of like this new chapter in my life.” “SOS”...

Nov 12, 2024

Actor Taye Diggs Says He's 'Still Learning When It Comes To Managing Money' But Has His Eyes On Investing Into Real Estate

Industry veteran Taye Diggs has come a long way in the entertainment industry. In an email interview with AFROTECH™, “The Best Man” actor reminisced on his early career, sharing how he spent his first paycheck as an actor. With three decades in the industry, his first role was “Carousel” in 1994, with his big break coming four years later in “How Stella Got Her Groove Back.” “I remember I bought a tailored suit from the then fashion icon, Barney’s. It took me a while to switch my mindset from so-called immediate needs and wants to having more of a ‘full picture’ perspective that takes the future into consideration,” he recalled. Portfolio He acknowledges that financial management is an ongoing learning journey. However, his strengthened understanding of long-term planning has paved the way for him to step confidently into investing. “I’ll be the first person to admit I’m still learning when it comes to managing money. I’m excited to extend my finances into the real estate space. It...

Nov 11, 2024