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How Morgan Freeman Defied The Odds And Amassed A $250 Million Net Worth

Morgan Freeman is a beloved actor , producer, and public figure who has been an instantly-recognizable figure in the entertainment industry for over five decades. The velvet-voiced thespian has given such landmark performances in his day that he’s often associated with god himself, simply because he portrayed the larger-than-life role in the 2003 movie “Bruce Almighty.” According to Celebrity Net Worth , Morgan Freeman has amassed an enormous fortune of more than $250 million. While this nest egg is impressive by any measure, it’s especially incredible as Freeman comes from very humble beginnings, and has lost multi-million dollar figures in disputes such as his 2010 divorce. Any way you slice it, Morgan Freeman’s net worth paints a compelling picture of his longevity, creativity, and resilience, and solidifies his position as an inspiration to us all. Now that the long-standing GOAT of voiceover narration has just celebrated his 87th birthday, this seems like as good a time as any...

Jun 27, 2024

Former Atlanta Hawks Player Dominique Wilkins Becomes An Investor In A Real Estate Company Aimed At Helping Renters Build Equity

Former Atlanta Hawks player Dominique Wilkins is attaching himself to a winning cause. According to a news release, the NBA Hall of Famer is now committing his focus to Roots, an Atlanta, GA-based real estate company that offers a model benefiting investors and renters. Per its website, the company will purchase, manage, and rent homes to renters. From there individuals can become investors, and the renters can also opt in if they comply by paying their rent on time and maintaining the property. Since Roots’ launch in 2021, it has raised $33 million from over 6,000 investors to support its mission. Wilkins is now among its investors and also serves as the company’s partner and spokesperson. His intention behind supporting the brand is to create more opportunity in real estate for those frequently marginalized. Looking ahead, Wilkins’ work with the company will include using his likeness in videos and at gatherings to promote Roots and its “Live in it Like You Own it®” proprietary...

Jun 24, 2024

Opal Lee Now Holds Ownership Of A Texas Property That Was Once Stripped From Her Family By Racist White Mob

Pioneer Opal Lee has received the keys to her new home. As AFROTECH™ previously reported, in 1939, 12-year-old Lee along with her family were removed from their home in Fort Worth, TX, by a racist white mob. “Just to know that there might be children that we could have played with, that we might have known their families,” Lee told CBS News Texas. “We just wanted to be good neighbors, that’s all.” The outlet also notes Lee never lost hope that she would one day own that very land. Her wishes would come true in January 2024 when she received a homecoming and a cquired ownership of the land that was stripped from her family. Building on this milestone, a home was recently constructed for Lee on the property, and she has received the keys to her new home. She was given the property for $10 thanks to North Texas organizations such as Trinity Habitat for Humanity and Texas Capital. Additionally, HistoryMaker Homes is credited for building the home free of charge, and JCPenney aided to...

Jun 17, 2024

Who Was The First Woman To Sign To The Jordan Brand?

The Jordan Brand has attracted some of the world’s greats to its brand. However, that should come as no surprise when considering who is at the helm, NBA legend Michael Jordan. It all began when his mother, Deloris, stepped in to ensure he took a chance on signing with Nike. “My mother said, ‘You’re gonna go listen. You may not like it, but you’re gonna go listen,” Jordan said in ESPN’s “The Last Dance” documentary, according to NBC Sports. “She made me get on that plane and go listen.” Jordan was originally looking to sign with Adidas, but he would make his commitment to Nike known when he signed to the brand in 1984 under a five-year, $2.5 million deal, Sports Illustrated reports. Immediately, Jordan’s presence and the staple Air Jordan exceeded expectations with sales reaching $126 million within one year. By 1997, the Jordan Brand began operating independently and also added apparel and accessories. T oday its annual revenue exceeds $6.6 billion, per Sportico. What’s more the...

Jun 13, 2024

Founder Pinky Cole Explains Why She Maintains Ownership Over 70% Of Slutty Vegan’s Real Estate

Pinky Cole had a vision when she first launched Slutty Vegan as a food truck in Atlanta, GA. That blueprint has since transformed Slutty Vegan into a lucrative restaurant worth $100 million. Cole recently explained the difference between a 70% and 30% portfolio and how she and her team have developed a strategy that works for them. “So, 70% of the Slutty Vegan businesses, I own the real estate,” Cole said in an “Earn Your Leisure” podcast clip shared to promote her appearance at the 2024 Invest Fest. “And the reason why I did that is because I wanted to go into inner-city communities, communities that developers aren’t so attracted to, and areas that are right in the heart of gentrification. What Slutty Vegan does is go into the neighborhood, raise up the value of that community, help other business owners, because we always have lines down the block. So, they win when we win, and we win when they win.”   View this post on Instagram   A post shared by Earn Your Leisure...

Jun 12, 2024

How To Elevate Your Experience At AFROTECH™ Conference 2024 With Founder Circle

The 2024 AFROTECH™ Conference is just months away, and the countdown has begun with even bigger and better ways to empower the community. As one of the largest cultural events dedicated to individuals evolving the tech space, AFROTECH™ offers something for everyone — whether you’re an industry enthusiast, hold a C-Suite position, or are the CEO of your own company. The conference’s latest initiative is designed specifically for founders. Since its inception in 2016, AFROTECH™ has been committed to empowering the community. The new AFROTECH™ Founder Circle intends to continue this mission by focusing on reducing attendance costs, enhancing skill sets, and expanding access for founders within the community. The all-new program will operate under a three-pronged strategy: enhancing executive presence and leadership, broadening access to venture capital networks, and fostering peer-to-peer learning and support. In collaboration with Blavity.org, AFROTECH™ will sponsor 200 tickets for...

Jun 7, 2024

Why Founder Pinky Cole Opted Not To Use Traditional Marketing To Spread The Word About Slutty Vegan

As Pinky Cole continues to reach the pinnacles of success as an entrepreneur, she also lifts others as she climbs. The Slutty Vegan founder and CEO has never been afraid of taking risks and betting on herself, even when the odds are stacked against her. Her Atlanta, GA-based restaurant has been wildly successful, even though she created the concept as a passion project, initially launching the company as a food truck without focusing solely on profit. “I pinch myself every day,” she told AFROTECH™ in a recent interview. “Sometimes we’re so immersed in our work that we don’t realize the blessings happening around us. I think about how Slutty Vegan opened the door for me to partner with PepsiCo on the Pepsi Dig In Campaign to support Black-owned restaurateurs. As a leader in this space, I can help provide the support they need.” Cole added, “It’s all been a passion project for me because I get to help people reimagine food in a way they never have before. Every single day, I’m humbled...

Jun 3, 2024

Slutty Vegan Founder Pinky Cole Hayes Gifts $8.9M To Savannah State University Graduates To Set Them Up For Entrepreneurial Success

Savannah State University’s class of 2024 have received a favorable start in their next chapter. According to her Instagram, while serving as commencement speaker, Slutty Vegan and Bar Vegan Founder Pinky Cole Hayes shared the news that $8.9 million would be gifted to the Georgia Historically Black College and University (HBCU) graduates in partnership with Operation Hope and One Million Black Businesses (1MBB). “We are excited about this fantastic opportunity for our students and grateful to Mrs. Cole Hayes for leading this investment opportunity,” Savannah State University Interim President Cynthia Robinson Alexander, said, according to VegOut. The investment will support an “Entrepreneurial Starter Pack,” which will gift students with mentorship from 1MBB, educational resources, a free three-month subscription to Shopify, and an eight-week small business training course that will encompass business plan development and financial management, VegOut notes. “I am passionate about...

May 7, 2024

Who Is Richelieu Dennis? Meet The Serial Entrepreneur Behind Shea Moisture Who Went On To Own ESSENCE, Refinery29, And More

If one were to walk down the hair care aisle of any major big box store, there is a high chance Shea Moisture would be on the shelves. With products like shampoos, conditioners, and oils, the natural hair care line has been serving Black and Brown communities for years. But did you know the brain behind the massive beauty and hairline is Liberian-born mogul Richelieu Dennis? From Humble Beginnings To A Purpose-Driven Mission Dennis attended Babson College and began selling shea butter from his dorm room. By the early 90s, he had leveraged his dorm room sales to start the Shea Moisture line, which would eventually become a part of the parent company Sundial Brands. However, Dennis’ journey was one of hard work, selling his product from a card table in Harlem. Beyond the entrepreneurial spirit, Dennis recognized his product was not just a hustle but a connection to something greater. “But for me, there was this overwhelming sense of responsibility: there were no real products or...

Apr 30, 2024

Baltimore Mayor Brandon M. Scott's Administration Secures An $18M Deal To Transform Hotels Into Shelters For Unhoused Residents

Mayor Brandon M. Scott is keeping his promise on a commitment he announced three years ago for Baltimore, MD.

Feb 16, 2024

Meet Veronica Woodruff, The Founder Of An AI Platform Letting Travelers Book A Personal Assistant At The Airport

Entrepreneurship chose founder Veronica Woodruff. At the age of 8, Woodruff convinced her dad to buy bulk candy from the store so she could sell the sweet treats to her classmates. When she hit middle school, she would often win the fundraising campaigns. Her hustling nature stemmed from her family of entrepreneurs. “My grandfather was an entrepreneur. My aunts and uncles are entrepreneurs. I’ve been around a lot of entrepreneurs,” Woodruff told AFROTECH in an interview. When Woodruff was 21 years old, she moved from Monterey Bay, CA, to Atlanta, GA, after her father passed away. What kept her rooted during this transitional period was encouragement from her former college advisor. “I went to college at California State University, Monterey Bay. I remember telling my advisor that I was moving to Atlanta, and he said, ‘Atlanta’s a good city. It’s home of the world’s best Fortune 500 and Fortune 100 companies.’ He said a lot of people come from all over the world to start these...

Jan 26, 2024

50 Cent Set To Open A G-Unit Film And TV Studio In Louisiana

50 Cent has taken another step on the path of building out G-Unit Film Division.

Nov 17, 2023

Carolyn Rodz And Elizabeth Gore's Hello Alice Named In A Class-Action Lawsuit For Awarding Grants To Black-Owned Businesses

After Fearless Fund was met with opposition, another company that supports Black entrepreneurs is facing a legal battle.

Oct 9, 2023