Investing Archives - Black Enterprise

LeBron James and the Fenway Sports Group Plans $900 Million Acquisition Of The Pittsburgh Penguins

Jeffrey McKinneyDecember 1, 2021December 1, 2021

by Jeffrey McKinneyDecember 1, 2021December 1, 2021460

NBA legend LeBron James continues to make it happen in the business investment space. Through his Fenway Sport Group partnership, he is positioned to become...

Money

Odell Beckham Jr. Becomes First Black NFL Player To Request Crypto Salary In CashApp Partnership

Tai Saint-LouisNovember 29, 2021November 29, 2021

by Tai Saint-LouisNovember 29, 2021November 29, 20214245

OBJ is the latest celebrity to partner with CashApp to bless his fans while making his own significant investment in Bitcoin....

Education

Law Firm To Gift HBCUs Dillard University, Morgan State, Howard, Portion of $12M Case Settlement

Jeffrey McKinneyNovember 26, 2021November 25, 2021

by Jeffrey McKinneyNovember 26, 2021November 25, 20214393

These institutions landed substantial donations announced by a law firm that represented Maryland's HBCUs in a 15-year legal battle for equal funding....

Money

Michael Jordan, Giannis Antetokounmpo Among Investors In Luxury Watch Company Expected To Reach $1 Billion Valuation

Jeffrey McKinneyNovember 26, 2021November 25, 2021

by Jeffrey McKinneyNovember 26, 2021November 25, 20217471

See how WatchBox, an e-commerce platform for collectible luxury watches, is attracting the likes of billionaire Michael Jordan and Giannis Antetokounmpo as investors....

Business

For The Second Time, Rapper 21 Savage And Chime Uniting To Provide $100,000 In Scholarships

Jeffrey McKinneyNovember 23, 2021November 23, 2021

by Jeffrey McKinneyNovember 23, 2021November 23, 20211127

For his financial literacy program, rapper 21 Savage is uniting with fintech firm Chime to provide $100,000 in scholarships....

News

Owner Of Victor George Spirits Obtains $2.45 Million To Build Fort Lauderdale’s First Black-Owned Distillery

Jeffrey McKinneyNovember 23, 2021November 23, 2021

by Jeffrey McKinneyNovember 23, 2021November 23, 20211943

A restaurant, cigar bar, whiskey lounge, and rooftop bar will be among some of the features at Fort Lauderdale's First Black-owned distillery....

News

Two Sisters, Founders of QuickHire Service Worker Hiring App, Raise $1.4 Million In Venture Funding

Alexa Imani SpencerNovember 23, 2021November 23, 2021

by Alexa Imani SpencerNovember 23, 2021November 23, 20211846

These sisters are filling a gap with their platform QuickHire by connecting service industry talent with employment opportunities.......

Business

Modern BLK Girl: From Clubhouse To Business Partners, These Two Black Women Are On A Mission To Get 500K Women Into The Investment Market

Alexa Imani SpencerNovember 22, 2021November 22, 2021

by Alexa Imani SpencerNovember 22, 2021November 22, 20211298

These business partners are on a mission to get 500,000 women of color into the market through their platform, “Modern BLK Girl.”...

Business

Real Estate Smart Building Firm Raises $15 Million To Expand With Financing Led By Morgan Stanley

Jeffrey McKinneyNovember 19, 2021November 19, 2021

by Jeffrey McKinneyNovember 19, 2021November 19, 2021135

Cohesion, a smart building real estate platform, raised $15 million in financing led by the Morgan Stanley Next Level Fund....

Entrepreneurship

Steve And Lori Harvey Invest In Consumer Electronics Start Up MOON UltraLight

Jeffrey McKinneyNovember 18, 2021November 19, 2021

by Jeffrey McKinneyNovember 18, 2021November 19, 20214243

Family Feud host Steve Harvey is a strong advocate of investing in Black-owned businesses. Check out he and his stepdaughter Lorie just made another such...