Tag: distribution of wealth

Starbucks, Goldman Sachs, ACLU and Others Pledge to Tackle Racial Wealth Gap by Boosting Black Employment and Business Investments

Photo: Shutterstock Some of the biggest companies in America say they will put their considerable might behind a mission of closing the massive wealth gap between Black people and white people in this country. Advertisement According to analysis by Brookings Institute, the median wealth held by Black households in the U.S. is not even 15 […]

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La, La, La, La, Kanye West Got His Money Right—Now Worth $6.6 Billion, Reportedly Richest Black Man in the U.S.

Kanye West speaks on stage at the “Kanye West and Steven Smith in Conversation with Mark Wilson” on November 07, 2019.Photo: Brad Barket/Getty Images for Fast Company (Getty Images) Remember when Kanye West first burst into the mainstream scene and referred to himself as “Kanye Cheddar?” Well, now he has a lot of damn cheese. […]

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OneUnited Bank Creates OneTransaction Campaign to Help Black Americans Close the Racial Wealth Gap

Image: OneUnited Bank You’ve likely heard of the racial wealth gap, and you may have already seen its impact on your own family’s ability to accrue generational wealth. It’s the phenomenon of the average white family having about 10 times the net worth of the typical Black family in America. That gap has persisted due to […]

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