MONEY

Every tap-to-pay transaction, $3 ATM fee, and cash-stuffed birthday card is an opportunity to prepare your child for the financial realities of adulthood. With October marking Financial Planning Month, financial education for teens and young adults is top of mind. The Root spoke with Crawford Mickey McGill, CEO of Houston-based Reveal Wealth Strategies, about how parents can share money lessons with kids of all ages. His top takeaway? Parents don't need to have all the answers to start teaching—they just need to be willing to talk about it.

In a move that underscores the growing intersection of music, fashion, and finance within Black entrepreneurship, Jay-Z's investment firm is nearing a deal to acquire a 50 percent stake in Rihanna's Fenty Beauty empire. The potential partnership reflects a broader strategy of consolidating wealth and influence across luxury sectors.

The widow of Malcolm-Jamal Warner is suing his mother to recover at least $1.2 million from a family trust, claiming he failed to honor their prenuptial agreement

My grandparents did not grow up with degrees. They were born, raised, and died down in South Carolina, true products of the Depression era, and though the school system never gave them fancy college degrees, they carried a PhD in reading white folks. They had a particular understanding of the peculiarities of rich white people, and they spent a lifetime studying how their tricks and hacks could be useful to us.

For generations, Black entertainers built cultural empires extending far beyond the stage. Their music, businesses and identities have created millions in wealth– but after their deaths, those legacies often enter a new chapter filled with legal battles, family disputes and difficult decisions over who controls their work.