Richest Black People in America and their Stock Picks

America has a significant problem with racial inequality even in the future. Black people aren’t the only ones who practice this kind of racism. The U.S. has a long history of mistreating African-Americans. In 1898, white supremacists overthrew the government in Wilmington, North Carolina. North Carolina had over 125,000 black voters. In 1896, the only ones who remained in the state at the time of registration had fled Wilmington. An African American man, Dick Rowland, fell on a white girl and was promptly arrested. The rumor of an angry mob arriving outside the jail to lynch Rowland preceded. However, the mob showed up to defend him. This spawned the worst race riot in American history. Trayvon, George, and Breona Taylor are but only the beginning. Despite repeated cries of “I can’t breathe,” an officer kept his knee on Floyd’s neck for 8 minutes and 46 seconds. Following the incident, there was a worldwide call for an end to racism.

Insider Monkey takes a look at the richest black people in America and their stock picks starting with number 7: $60 million of Tyler Perry’s billion-dollar empire was derived from Bet Capital. Jay Z is a business mogul and hip-artist extraordinaire. Michael Jordan invests in Draftkings. The shares shot up by 6 percent after his investment. According to Bloomberg, Kanye West is worth $6.6 billion. He has partnered with Gap and Adidas, all the while increasing his net worth. For more details on the richest black Americans and their networth, click 7 Richest Black People in America and their Stock Picks.

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