Black Positive People : Black Power: The global emergence of Black billionaires

Discussion in 'Black People Doing Positive Things' started by Knowledge Seed, Oct 8, 2011.

  1. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    Every year Forbes Magazine produces a list of the wealthiest people in the world. Black people on the list are few and far in between. But we're rising - and doing so quite fast!

    We've all heard the stories of how high African-American unemployment is. But did you know Black-owned business is the fastest growing part of America's economy?

    We've also heard stories of famine and war across Africa. But did you know that Ghana is the fastest growing economy in the world?

    And even though in recent years many Blacks have fallen off of the Forbes list, there are also some brand-new additions!

    Without further ado, I present to you the wealthiest Black people in the world
     
  2. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Awesome.

    I figure if I get to $0 debt with cash on hand. I'm wealthy :).
     
  3. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    I disagree. Wealth is usually built on mountains of debt. I've never seen someone pay all-cash for a rental property.

    To me, wealth isn't about whether you have lots of money or not. But rather that you can stop working and make a very comfortable living from passive income sources.
     
  4. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    If you are in business, debt is your life blood.
    For flesh and blood living, avoid debt at all costs.
    Build wealth in substance and not by debt

    Wealth to me is gold, silver, land, wheat, honey, beans, oil..... stuff.
     
  5. SlickBeast

    SlickBeast Well-Known Member MEMBER

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    This is so meaningless considering African Americans are lagging way behind any other ethnic groups in the US and those billionaires are going to spend all that money on crap they dont need instead of the black community worldwide. I feel no pride in that. The day Black American reach a PPP per capita similar to the rest of the US or higher level of education, I'll rejoy. For now this is nonsense.
     
  6. SlickBeast

    SlickBeast Well-Known Member MEMBER

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    It's way more than that. Money by itself is wealth and services. If you are reduced to tangible goods as wealth only, then you are back to the medieval, primitive economy.
     
  7. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    Considering that 20 years ago there were NO Black billionaires, I'd say this means a lot.
     
  8. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Money is not wealth.
    Wealth is the accumulation of surplus of which money can be one of many measures of wealth.

    Money as a service is few in most instances.
    Money is the medium of exchange for services and goods.
    Money can become a service if we are discussing banking.

    Tangible goods have always been traditional stores of value.
    Money or rather bank notes (which isn't really money) loses value as soon as its issued to eventually collapse into worthlessness.

    This is why banknotes, when first issued, is based on some reserve currency like gold and silver coin, a tangible good.
     
  9. Dre Money

    Dre Money Well-Known Member MEMBER

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    Only 7? That's it? :(
     
  10. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    Yeah, right now it is. But there are several people currently edging closer to that list.

    Diddy's stake in Ciroc, for example, is likely to make him a billionaire at some point in the next decade. Magic Johnson is currently worth about $700 million and is working alongside Ron Burkle acquiring media assets that I'm sure they will sell for billions. Mike and Steven Roberts are worth half-a-billion each and they are showing no signs of slowing down. And with the two post-BET companies that he has taken public, Bob Johnson is surely to make it back on the list.
     
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