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Oct 25, 2022 · Specifically, Black people represent 8% of total millionaires in the U.S., 76% are white, 8% are Asian, and the Hispanic community captures 7% of the total millionaire population across the...
- Kori Hale
- Sevetri Wilson, founder, CEO, and author. Sevetri Wilson, 33, is the founder and CEO of technology startup Resilia, founder of strategic communications agency Solid Ground Innovations, and author of "Solid Ground: How I Built a 7-Figure Company at 22 with Zero Capital."
- April Stewart, financial coach. April Stewart, 42, is a financial coach based in Washington, DC, and is known as April the Money Coach. Her story. I wasn't taught about money [growing up] except that "there wasn't enough of it" and that "it was hard to come by."
- Rachel Rodgers, lawyer and CEO. Rachel Rodgers, 38, is an intellectual property lawyer based in Greensboro, North Carolina, and CEO of Hello Seven, where she seeks to help women make seven figures.
- Clarence Wooten – Serial Tech Entrepreneur. Clarence Wooten is known as a serial Silicon Valley entrepreneur who has created and built multiple tech startups.
- Sevetri Wilson – Founder of Solid Ground Innovations and Resilia. Sevetri Wilson is a serial entrepreneur, tech founder, wealth creator and change agent who has dedicated her career to helping other entrepreneurs build a solid career foundation to grow their revenue.
- Brian Lee – Digital Ad Executive. Brian Lee is known for being a seasoned advertising executive who’s had a chance to work on ad campaigns for huge brands like Microsoft, Verizon and others.
- April Stewart – Financial Coach. Financial coach April Stewart — better known as “April the Money Coach” — grew up having a fear-based relationship with money because she wasn’t taught much about it, according to Business Insider.
- Understand Wealth
- Make A Wealth Goal
- Get Capital to Invest
- Invest Consistently and Intensely
- Use Entrepreneurship to Increase Your Earnings
The first step, according to Nash, is to understand wealth: why it's important, how to get it, how to increase it, and what makes it decrease. Understanding the path to financial security is crucial. "If you can get control of your finances," Nash says, "you can choose how you live your life." That includes redirecting spending from the trappings o...
Your wealth goal could be financial comfort, independence, becoming a millionaire (which Nash notes is not all that much money today), or becoming rich, which he defines as a net worth of $5 million or more. You might even aspire to become ultra-rich or a billionaire. At the very least, your goal should be financial independence when you retire, an...
"You've got to get some excess cash," Nash says, and "put it into motion" by investing to grow wealth. If you live paycheck to paycheck, he suggests optimizing your job to earn more or taking on a side hustle or freelance gig to raise extra money. You can also get extra funds to invest by borrowing or raising capital, but both are fraught for Afric...
Nash wants African Americans to invest more, increasing the scale and intensity with which they put money into wealth-building assets. Consistency is paramount: putting aside money from every paycheck, whether a little or a lot. Younger investors seem to be getting the message. A Schwab surveyof Black investors found significant disparities between...
"The highest percentage of millionaires come from entrepreneurship," Nash says. He believes that potential earnings and, thus, the ability to build wealth, is greater when you own a business. At the same time, he's a realist about obstacles to entrepreneurial success for Black business owners. For example, Nash couldn't get capital when he started ...
- Laura Mccamy
Mar 11, 2022 · America is home to the biggest group of wealthy, highly successful Black people in the world. One in 50 African-American families are millionaires. Property developer Don Peebles is one of the...
Feb 8, 2023 · The untold history of Black wealth in America. In honor of Black history month, entrepreneur Porter Braswell shares two stories of Black wealth that occurred against even the odds. A’Lelia...
Feb 14, 2024 · Robert F. Smith, founder of Vista Equity Partners, is widely regarded as the wealthiest Black investor. According to Forbes, Smith has a net worth of over $9 billion as of February 2024, ranking ...
