The Biggest Black Business And Other News This Week - Black Enterprise
Black Enterprise Magazine September/October 2018 Issue

If you’ve missed some of our biggest business stories this week, we’ve got you. Here’s a roundup of some of the biggest stories Black Enterprise covered last week: 

 

 

  • Kenneth Stephens, the young Houston-based founder of Stephens Law PLLC, a Houston-based firm specializing in construction law — a rare niche in the industry, particularly for African American attorneys shares his story. Inspiring read.

 

  • Ken Chenault is making a big push into tech. The recently retired American Express CEO recently joined the boards of two of the region’s biggest companies in Facebook and Airbnb. Now he’s joining as the sole chairman of the venture capital firm General Catalyst.

 

  • Rihanna is killing it as an entrepreneur. No, seiously. In its first month, cosmetics line did five times as much in sales as Kylie Cosmetics, a brand which has sold $420 million worth of product in its almost two-year existence.

 

  • Ever heard of $Guap? We’re not talking about Big Sean’s 2013 rap song. I’m not talking about a wad of cash either.

 

 

  • California launched the world’s biggest legal pot market on New Years Day. Vermont’s state legislature became the first to legalize marijuana. With the marijuana industry growing at a rapid rate, it is expected to explode into a $24.1 billion market in less than 10 years.

 

  • Ever wondered how much Beyonce makes every time she steps on the Grammy stage? Well, she makes nothing. But there’s a thing called the “Grammy Bounce” due to the publicity an artist gets by receiving the award.

 

  • Two African American will be joining the executive ranks at McDonald’s U.S. business branch. Kenny Mitchell has been named vice president of brand content and engagement and Lizette Williams has been tapped for an entirely new role, head of cultural engagement.

 

 

 

 

  • Charlie is 13 years old. His sister Hannah, 16, has a condition that causes her to faint whenever she stands up. So, he created an app and they’re close to closing their first investment deal.

 

  • The 2 Dope Queens Podcast is heading to HBO. Premiering Feb. 2, the show will showcase four hour-long specials of the podcast that were taped in front of a live audience in Brooklyn, New York. Guests featured on the show include actress Sarah Jessica Parker, Unbreakable Kimmy Schmidt actor Tituss Burgess, and Orange is the New Black star Uzo Aduba among others.

Join the Conversation

Adedamola Agboola

Adedamola Agboola is a digital reporter at Black Enterprise Magazine. Previously, he was a multimedia reporter for Blank Slate Media covering the villages Roslyn and Manhasset for the Manhasset Times and Roslyn Times. Before that, he was a reporter with Norwood News, a biweekly community newspaper covering the neighborhoods of Norwood, Bedford Park, Fordham and University Heights. He is from Nigeria.


MORE ON BlackEnterprise.com