While Black men who are millionaires are becoming more common in this day and age, there’s still a noted disparity between them and millionaires of other races. According to the Financial Samurai, there are some pretty mind-boggling statistics to consider when it comes to millionaires. For example: If you are a Black man with only a high school diploma, your chances of becoming a millionaire are only one percent. But having more education doesn’t improve your chances exponentially, because if you’re a Black man with a master’s degree, you only have a six percent chance of becoming a millionaire (A white man with a master’s degree, however, has a 38 percent chance of becoming a millionaire). These statistics alone indicate that millionaire Black men have to go through more to achieve the same thing as their non-Black counterparts. These six millionaire Black men had some invaluable advice to impart — so if you’re looking to join that rarefied strata, read on.

Daniel Moses’s story of going from an Uber driver to a millionaire is nothing short of inspirational. The Nigeria native told his story to the British newspaper, The Guardian. He explained that he’d lost more than 150,000 GBP (more than $200,000 USD) in his transportation business, so he had to re-adjust and rethink his strategy. “My search for a better life started in 2004 when I first visited the UK for the first time. In 2015 I lost well over £150,000 in my Nigerian transportation business which caused me to go through anxiety and depression,” he told the outlet. To make ends meet, he first became a delivery driver, then moved on to become an Uber driver. He drove for Uber until he happened to find some information about property investments. He began implementing the strategies he’d learned, and within five years, he’d become a millionaire. “Sixteen months after, I got into property investing, and through the use of various property investment strategies, I have successfully...

Back in September 2021, AfroTech sat down with none other than Rick Ross, and we learned some pretty important lessons. But one of the things that consistently stood out was his comment that he “didn’t understand math.” “I was a jackass,” Rick Ross told us at the time. “Without a doubt, I was a comedian, I had a good sense of humor. I was the funny dude and all that. And I don’t think it was just because I naturally wanted to be, but [because] I didn’t know the answers to the questions and all the stuff [the teachers were] writing on the wall.” He then went on to explain that though he still doesn’t understand multiplication to this day, he knows enough to surround himself with a team to make up where he falls short. “I may be the head of this empire, but all of these people make up the backbone,” he said. “A backbone consists of many vertebrae, and if just one of them is out of alignment, the whole body suffers.” In other words, it’s important to always have the right people around...

Trick Daddy is in a world of hot water — and this time, it’s with the courts. The rapper and former radio show host — who hit a world of a mess when he got stung by the BeyHive after snarking that its Queen, Beyoncé, couldn’t sing — is in default on his Chapter 13 bankruptcy filing. Court documents obtained by Radar Online reveal that Trick Daddy owes nearly $23,000 to bring his Chapter 13 bankruptcy filing current. He has 45 days to cure the debt, or he will be deemed in default. If he fails to come up with the nearly $23,000 owed to the courts, his bankruptcy will be discharged, and collection efforts can begin anew on his assets. And that’s not all he owes. According to the outlet, he’s delinquent by $300,000 to the IRS. He also owes $60,000 in back child support. What’s more, the “Naan” rapper revealed to the courts that he has more than $800,000 in debts, but less than $400,000 in assets. He’s underwater on his South Florida home — though he owes $435,000 on the home, the...

Lil Baby is joining the chorus of celebrities, athletes, and other high-end power players who prefer getting paid in cryptocurrency over cash. A recent Instagram video revealed the rapper talking about the value of the Web3 Metaverse, and on the video, he also spoke about wanting to get paid in cryptocurrency. “Metaverse,” he said in the recording. “I stay in the Metaverse from now on. I don’t even want no more cash.” You can check out the video below.   View this post on Instagram   A post shared by NFT (@nft) Lil Baby joins the likes of rapper Meek Mill in the chorus of those who want to get paid in cryptocurrency. As AfroTech previously reported, more music distributors are offering artists payment in cryptocurrency, and Meek Mill wants to join in after claims of poor business dealings with his label, Atlantic Records, through Maybach Music Group. Meek Mill aims to follow in the footsteps of Atlanta rapper Money Man, who announced he’d be receiving his album advance — $1,002,912...

Kwame Kilpatrick has a new job — and Detroit may have a new infusion of capital. According to Deadline, the disgraced politician has now started a new business: virtual ministries. “It’s a virtual ministry,” Kilpatrick told Deadline , “so we’ll be everywhere.” While everyone needs a hustle — and good for him for finding his — that hustle is going to cost him quite dearly. As an end result of his crimes, Kwame Kilpatrick still owes more than $4.7 million to the city of Detroit, and to the IRS. He also only served seven years of a 28-year sentence thanks to former President Donald Trump commuting his sentence. Though Trump commuted Kilpatrick’s sentence, which got him out of prison early, he didn’t commute what he owed to the city and to the IRS. “I think the citizens of the city of Detroit, especially the water department and the taxes, the IRS, and anybody else that is owed money from Kwame Kilpatrick would love to see him start a business,” said legal analyst Charlie Langton to WWJ...

Dendreon Pharmaceuticals, a leader in the fight against prostate cancer, has announced a new partnership with Grant Hill. In a press release announcement, it was revealed that the immunotherapy company and the seven-time NBA All-Star and sports broadcaster have teamed up to launch Start Strong, a new initiative to help individuals make decisions with health in mind. Start Strong aims to empower the prostate cancer community to learn about the racial disparities within prostate cancer incidence in the United States and encourage patients to talk to their physicians about the best treatments for them. Statistically, one in seven Black men will be diagnosed with prostate cancer in their lifetime. What’s more, Black men tend to be diagnosed at a younger age and with a more severe prognosis compared to other men. And for this reason, Dendreon enlisted the aid of Grant Hill to help spread the word. “Prostate cancer is a risk for all men, but it disproportionately impacts Black men. In...

When it comes to celebrity real estate purchases, we often hear about mega-mansions purchased by the likes of Tom Cruise and Justin Bieber. However, what about Black celebrity real estate purchases? Take AfroTech’s recent report, for example, about Byron Allen’s media empire. He’s one of the wealthiest men in the entertainment industry, and part of that wealth came from a sizable real estate empire. “His first big deal came in 2018, when he bought a nearly $23 million island retreat in Hawaii. In 2019, The Wall Street Journal reported that Allen purchased a 3,000 sq. ft. condo at 220 Central Park South, one of Manhattan’s most expensive buildings. He plopped down $26.75 million for the purchase. That same year, Variety reported that Allen paid $19.9 million for a nearly-12,000 sq. ft. mansion in Beverly Hills. And in 2020, he rounded out his real estate portfolio with a $27 million purchase in Aspen, CO, according to Fox Business,” we reported. With this in mind, we decided to take...