investments
-
Serena Williams Is the First Athlete to Make Forbes’ List of the World’s Richest Self-Made Women—By Investing in Herself
She’s got 23 Grand Slam titles, and, according to Forbes, an estimated fortune of $225 million ($29 million in the past year alone, the highest annual income of her career)—and she didn’t make most of it on the court. Serena Williams is the first athlete to make it onto the magazine’s annual list of the…
-
Chamillionaire, E-40 Join Forces to Invest in Minority Startups: 'We Have to Create More Diversity in This Industry'
While recording artist and entrepreneur Chamillionaire might be laying low these days on the Billboard charts, he’s been making plenty of noise as an angel investor. And with a portfolio that includes investments in Lyft, Ring (acquired by Amazon for $1 billion), Cruise (acquired by General Motors for $1 billion) and Maker Studios (acquired by…
-
Minority Firms Getting Few (if Any) Federal Asset-Management Contracts
More than $70 trillion in federal dollars are managed by registered asset-management firms in the United States, but less than 1 percent of those dollars are handled by minority- or women-owed (MWO) firms, according to a new report released Wednesday by the U.S. Government Accountability Office. The report (pdf), exclusively provided to The Root, reviewed…