Tag: WEALTH

Porsha Williams secured a massive seven-figure settlement from her divorce with Simon Guobadia, including sole ownership of their Atlanta mansion, $1.5 million in equity reimbursement, and a 2021 Rolls-Royce Ghost.

From Black Wall Streets and affluent neighborhoods to thriving business districts, Black Americans built powerful networks where ownership, entrepreneurship and prosperity could flourish. But for many of these communities, that prosperity would come under threat as forces ranging from racial violence to displacement and urban renewal reshaped their futures.

Black artists have spent generations creating valuable music catalogs, but ownership has often been complicated. T-Pain recently sold his publishing catalog and master rights to HarbourView Equity Partners for an estimated $100 million. He explained that streaming devalued music from a dollar per song to fractions of a cent per play without artist consent, so selling secured his family's future. This trend includes Tina Turner, Future, and Dr. Dre selling catalogs for substantial sums. While selling represents a personal business decision, the broader conversation should focus on ensuring artists have knowledge and power to control their created work and benefit from their legacy.

Keke Palmer will reportedly take home $2 million for her new hosting gig on the popular NBC singing competition series "The Voice: Celebrity." According to Fortune Magazine, the talented star earned her first million by the time she was 12 years old, thanks to projects like "Barbershop 2: Back in the Habit," "Madea's Family Reunion," and her breakout film "Akeelah and the Bee." Just two years after starring in the popular 2006 film, she landed her own show on Nickelodeon called "True Jackson VP," where she reportedly earned $20,000 per episode.

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.

Nipsey Hussle's children, 17-year-old Emani and 9-year-old Kross, have been paid out in cash and other assets from his estate, which was worth an estimated 11 million dollars. The estate is run by Nipsey's brother Blacc Sam. Lauren London, Nipsey's girlfriend at the time of his death, signed a document acknowledging receipt of money for Kross' share. Both children received 50 percent each.