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racial wealth divide

The job market for college graduates remains strong but uncertainties persist

By / / Research, Views / 4 minutes of reading

The Bureau of Labor Statistics (BLS) monthly jobs report provides a broad look at the current state of the labor market. It is comprised of two surveys, a household survey sent to people that gauges their labor market experiences of employment and unemployment and an establishment survey sent to businesses to measure their hiring levels, hours and […]

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The Racial Wealth Divide and Black Billionaires Across the Globe

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As conversations regarding the rapid concentration of wealth dominate economic and political discourse, it’s worth analyzing the details of wealth within the billionaire class. However, little attention has been paid to billionaires of African descent.  Twenty-four people of African descent have appeared in the Forbes billionaires list. People of African descent have historically been locked

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The Racial Wealth Divide and US Black Billionaires

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When the first Black billionaires emerged, most stemmed from the entertainment industry.  In 2001, Black Entertainment Television cofounder Bob Johnson was the world’s wealthiest Black person with an estimated net worth of $1.6 billion. By 2021, Johnson’s estimated fortune had fallen by more than half – meaning he no longer appeared on annual magazine lists

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