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Showing 39 results for:

black-man

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How Colman Domingo Made Millions In Net Worth With Groundbreaking Projects On The Stage And Screen

If you’ve spent any time staring at a television or film screen in the past few years, you’ve likely encountered some of Colman Domingo’s handiwork. The 54-year-old Academy Award winner has graced the screen for such impressive projects as “Candyman,” “The Color Purple,” “Fear The Walking Dead,” and the HBO original series “Euphoria,” just to name a few. Earlier this year, he was listed among Time Magazine’s 100 most influential people in the world due to his powerful ethos, moving performances and commitment to creative excellence. Currently, fans are awaiting Domingo’s appearance in a myriad of upcoming works, including Netflix’s forthcoming outing “The Madness,” as well as next year’s Michael Jackson biopic . Needless to say, many fans are wondering just how much money Colman Domingo has stacked up over the course of his decades-long career. Luckily, we’ve got you covered, with a quick but comprehensive look at the revered actor’s financial portfolio, investment holdings and film...

Nov 26, 2024

Uncle Nearest Founder Fawn Weaver Offers Advice To Beyoncé Amid Her Foray Into The Spirits Sector — ‘Take All Their Money’

Uncle Nearest Whiskey’s founder has a word of advice for Beyoncé as she plants herself in the spirits industry. As AFROTECH™ previously told you, the “Cowboy Carter” singer released SirDavis in August 2024. The American whisky brand was launched in partnership with Moët Hennessy, and its inaugural product is inspired by Japanese and Scotch whiskies with promises to maintain “the robust and deep flavors typical of classic American rye,” a press release mentioned. The venture is inspired by Beyoncé’s paternal great-grandfather Davis Hogue, who was a farmer and worked as a “moonshiner” in the midst of the Prohibition era. “Our whiskey’s legacy dates back over 200 years to a Black man in Alabama in the 1800s… a man who was a businessman and an entrepreneur, but would have never had the opportunity to create a mainstream whiskey back then. Systemic barriers would not have allowed it,” she mentioned, according to GQ. “But it turns out that my great-grandfather’s hands planted the seed...

Oct 8, 2024

Who Is Damola Adamolekun? Meet The 35-Year-Old Who's Now CEO Of Red Lobster And Formerly Led P.F. Chang's

Restaurants and pop culture have a special relationship with Red Lobster. From the mention of its signature biscuits in songs to being one of the go-to spots for family and friends, Red Lobster has decades of impressions among millions of consumers. Now, the fast-casual restaurant has a new CEO at its helm, 35-year-old Damola Adamolekun. Adamolekun is a Nigerian native who now leads Red Lobster after a successful stint as the top executive and first Black CEO of the Asian-fusion restaurant P.F. Chang’s. According to the National Restaurant Association, Adamolekun helped generate an estimated $1 billion in revenue for the chain. This level of expertise is part of the reason the former Goldman Sachs investment banker was hired to help Red Lobster overcome its looming business performance problems. In May 2024, the seafood chain filed for bankruptcy. CNN noted that years of mismanagement, inflation, and competition led to more than $1 billion in debt and less than $30 million in cash...

Aug 30, 2024

First Black-Owned Private Rocket Company Emerges To Create More Opportunities For Inclusion In Space Exploration

Founder Mateus Chipa wants the Black community to be more involved in space exploration. According to a Scripps News report of the 360 astronauts enlisted with the National Aeronautics and Space Administration (NASA), just 18 had been Black astronauts as of Feb 5, 2024. For Chipa, he believed that to increase representation and empowerment it would be necessary for an influential Black entrepreneur to launch a company to break down barriers. According to his website, he waited eight years for Black leaders to step forward. In frustration after that time had passed, he decided to take matters into his own hands and established Theby Space Services (TSS) , a Black-owned private rocket company. “TSS came in a place of a lot of frustration, a lot of accountability and responsibility…For the last 10 years, I’ve been frustrated because I haven’t seen any Black nation or individual talking about going in a space,” Chipa said in a video shared on YouTube. “I’ve been asking myself why? Why...

Apr 16, 2024

Earl Patrick Cole And Brian Yennie's Airless Bicycle Wheel Is Among 'Time's Best Inventions Of 2023'

Imagine a life free from the hassle of dealing with a flat tire. Well, this is now closer to possible thanks to Earl Patrick Cole and Brian Yennie. In 2020, Cole and Yennie were among those who participated in the FedTech NASA Startup Program. There they were exposed to airless tires that NASA engineers had created for the agency’s moon and Mars rover missions using Shape Memory Alloy Radial Technology, or SMART . The tires, which are made with nitinol — a combination of nickel and titanium — cannot be punctured and will not require air to operate, Fast Company reports. Spurred by this technology, The SMART Tire Co. hit the ground running that same year, with the aim to revolutionize the transportation industry “from the ground up,” as stated on the company website. Its current benchmark is focused on bicycles, which was intentional as there are less regulations in comparison to the automotive industry, the outlet notes. The SMART Tire Co.’s first product is the airless bicycle...

Feb 26, 2024

Aliko Dangote, The World's Richest Black Man, Opens $19B Dangote Petroleum Refinery

It appears things are officially in motion for Aliko Dangote’s new business project.

Jan 22, 2024

What Is David Goggins Reported Net Worth In 2024?

Serving in the military requires great courage, as members willingly take on risks and hardships most professions never face. The demanding conditions of training, deployment, and combat involve dangers that call for personal sacrifice. Within the various military branches, there are elite forces that train even harder and undertake riskier assignments that consistently put them in harm’s way. In particular, the Navy SEALs are considered one of the toughest special operations forces in the world, with several alums that have continued to other careers within the intelligence community and private sector. In particular, David Goggins is a retired Navy SEAL, Army Ranger and Air Force service member who pivoted to becoming a prolific athlete as well as a public speaker and author. He is an ultramarathon runner, triathlete, and ultra-distance cyclist. With a career this impressive, it is only natural to wonder about David Goggins current net worth. David Goggins’ Early Life Like many...

Who Is the Richest Black Man In The World In 2024?

With 8 billion people on this earth, it’s understandable if you don’t know every person who occupies the elite 1%. Many of the wealthiest in the world fly under the radar but own corporate empires so strong they touch virtually every corner of the world. And when you further filter that 1% down to the richest Black people in the world, the answers can be even more elusive. While it’s easy to assume that the wealthiest people of African ancestry must be celebrities , that’s not always the case. Even in the United States, the richest Black man is a venture capitalist and the owner of one of the top private equity firms in the country. Who Is The Richest Man In The World As Of 2024? According to Forbes, Aliko Dangote is the world’s richest Black man (2024), with an estimated net worth of $13.4 billion. Dangote is ranked the 144 th globally wealthiest man in Africa. So where does Dangote’s wealth steer from? The answer is the Dangote Group. The Dangote Group is considered to be one of...

Spelman Student Earns Scholarship Presented By Her 'Inspiration,' Joan Higginbotham, The Third Black Woman In Space

Kathleen Bostick, a Spelman College student, was honored by one of her biggest inspirations.

May 3, 2023

Lawyers Representing Former Black Tesla Employee Reject $15M Settlement

The updates in this Tesla case just keep getting worse and worse. Lawyers representing the former elevator operator who filed a lawsuit against the smart car company have officially rejected a $15 million award. According to Complex, Owen Diaz is now rejecting a new trial after his original verdict amount of nearly $137 million was reduced to $15 million. As previously reported by AfroTech, Diaz only had a few days to decide on whether he would accept the offer on the table. Now, it looks like he will continue to fight for what he says he’s worth. “In rejecting the court’s excessive reduction by asking for a new trial, Mr. Diaz is again asking a jury of his peers to evaluate what Tesla did to him and to provide just compensation for the torrent of racist slurs that was directed at him,” said his lawyers in a statement.

Jun 23, 2022

Former Black Tesla Worker Given Two Weeks To Accept $15M In Appealed Lawsuit Agreement

A former elevator worker at Tesla has 14 days to determine if he will collect $15 million for the damages caused by racial abuse while working at the company’s Fremont, California factory. According to TechCrunch, Owen Diaz was originally set to receive $137 million after the company turned a blind eye to the racial harassment and discrimination that he endured at the electric vehicle (EV) plant. After Tesla challenged the verdict brought forth on behalf of the former employee, whose race is Black, the payout was diminished to $15 million. Now, the original $6.9 million that Diaz was set to receive for compensatory damages has been reduced to $1.5 million. Punitive damages went from $130 million to $13.5 million.

Jun 10, 2022

Nicole Barham Says She Turned Her Experience With Bankruptcy Into A Way To Make Over $100K Per Quarter

From bankruptcy court to racking in the dough, thanks to her lucrative business, Nicole Barham’s side hustle has now become one of the biggest contributors to her success as an entrepreneur. According to TIME, Nicole Barham is the founder of Design Your Wealth, a platform that helps others tap into the resources needed to manage, grow, and maintain wealth. “I started the business after my own experience of not managing my finances properly landed me in bankruptcy court,” said Barham, TIME reports. “I have a background in accounting and spent years taking care of my employer’s finances, so it was particularly heartbreaking that I was in this position.” The bankruptcy experience left Barham inspired to regain control of her own narrative, ultimately leading to the side hustle that is now bringing her big bucks of more than $100,000 per quarter.

Mar 18, 2022

World's Richest Black Man, Aliko Dangote, Just Got $1.3B Richer

Aliko Dangote just keeps getting richer, and we love to see it. According to a new report from Bloomberg, Africa’s richest man — and the world’s richest Black man — saw his fortune jump by another $1.3 billion after the share price in his eponymously named cement company skyrocketed earlier this month. The outlet confirms that Dangote Cement, PLC, “closed at the highest since 2010 on Friday, adding to the 11 percent gain in 2022 compared with 7.59 percent by the main board of the Lagos-based Nigerian exchange. The Lagos-based company recently completed a share buyback to boost value.” That meant Dangote’s net worth jumped to more than $20 billion on the strength of those share increases. What’s more, the outlet confirmed that Aliko Dangote is one of 35 Bloomberg-indexed — that is, verified — billionaires that saw their fortunes grow exponentially in January 2022. And now, Dangote’s wealth is expected to continue to grow when his proposed oil refinery finally opens up and begins...

Nigerian Tycoon Aliko Dangote's Wealth Reportedly 'Surges' Its Highest Since 2014

Aliko Dangote, the prolific Nigerian businessman, is ranked as the richest Black man in the world. While being birthed into a wealthy family, Dangote has accumulated his own wealth by becoming the largest exporter of crude oil in Africa and his investments in cement, flour and sugar. Now, Dangote’s wealth has reportedly surged. Bloomberg reports that the tycoon’s wealth is heading to close out 2021 with a bang. “The rising share price of his Dangote Cement Plc and higher oil and fertilizer prices helped boost the 64-year-old Nigerian businessman’s wealth by as much as $2.3 billion this year to $20.1 billion as of Dec. 3, the richest he has been since 2014,” the outlet reported.

Dec 3, 2021

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