CAREER & FINANCE

Teaching Black Kids About Money at Every Age

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.

Jay-Z Investment Firm 50 Percent Stake Rihanna Fenty Beauty Deal 2026

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.

Malcolm-Jamal Warner Prenup Lawsuit: Widow Demands $1.2M

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

Black Women: Economic Dignity Priority

Black women in Mississippi have long understood what it takes to create systems that work for everyone. A recent survey shows ninety percent of respondents say economic conditions are worsening, with more than half reporting their income cannot keep pace with rising costs. They are not asking for extravagance but for breathing room and policies that help them live with dignity while caring for their families. The data reveals that having enough money to live comfortably matters more for joy than success, representing peace of mind rather than status. When Black women thrive, they lift others as they climb.

Black Family Withdraws $1 Million Endowment From UNC Wilmington

A prominent Black family in North Carolina withdraws $1M endowment from UNC Wilmington after refusing to alter scholarship mission to comply with new equality policy.

Nicki Minaj Sues Dr. Penking Over Cyberbullying & Age-Shaming

Global superstar Nicki Minaj takes legal action against Nigerian influencer Dr. Penking over severe cyberbullying, age-shaming, and copyright infringement.

Jayme Lawson Challenges Pressure for Perfect Black Characters in Film

'Sinners' star Jayme Lawson is challenging Hollywood's pressure for perfect Black characters, demanding nuanced, flawed, and authentic portrayals instead.

Paramount Buys Out Tyler Perry BET+ Stake | BET+ Shutting Down

Paramount is officially buying out Tyler Perry's 25% minority stake in BET+. The standalone BET+ app is shutting down this June and moving its content to Paramount+.

Lauryn Hill Unveils Repayment Plan to Tackle Massive Tax Debt

Lauryn Hill is reportedly facing new IRS issues, owing a massive six-figure sum in back taxes. Read about the legendary singer's financial woes and what her team says.

Tyshawn Jones vs. Supreme: The $83K-a-Month Skater Deal Gone Wrong

In a resurfaced 2025 GQ clip, Tyshawn Jones reveals he earned $83,333 a month from Supreme from 2012–2024—until a Marc Jacobs shoot allegedly got him dropped. Now he’s suing for $26.25M while thriving with Louis Vuitton and Adidas.

Dr. Dre: Forbes 2026’s Newest Billionaire!

A historic day for hip-hop! Forbes has unveiled their 2026 Billionaires list, and Dr. Dre is officially a billionaire!

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