Are the wealthy Black Americans part of the 1% or the 13%?
After 42-plus years since the Civil Rights era, Black America can produce only one Black American billionaire: Oprah Winfrey $2.7B; #442 in the area of Television.
Out of 1,226 people on the Forbes’s 2012 list of the world’s billionaires, only four(4) are Black. Oprah being the only U.S. citizen, the other five(5) are from the African continent. Two(2) are from Nigeria, one(1) is from south Africa. [There are others from Africa but they’re not considered Black.] Don’t get me wrong, there are plenty of wealthy Black people in the world but we only consider the one’s who have power and/or political clout.
Economic circumstances robbed Black America of previous billionaires, [i.e. divorce, bad business decisions, bankruptcy, death.]
So the question is, how can Blacks create wealth if Blacks don’t create it?