Here are 10 black-owned businesses we’ve highlighted in print and online.
Founded by Maitland in 1995, the $9 billion investment firm is an expert in defensive investment strategies involving convertible bonds, designed to protect against downside while capturing most of the stock market’s gains. The firm’s $500 million publicly-traded closed-end fund, Advent Convertible & Income , is the easiest for public investors to access with no investment minimums, but it carries the most risk due to a leveraged structure.
One of the top-performing investment firms in the world, Brown Capital’s flagship Small Company Fund has generated an average annual return of 12%-plus since 1992, about double the Russell 2000 Growth Index. While that fund is closed to investors, Brown Capital has successfully expanded into international small-cap stocks and mid-cap stocks, which are funds anyone can buy. A former T. Rowe Price portfolio manager, founder Eddie Brown started the business in 1983.
A single mother and breast cancer survivor, Cashmere Nicole founded Beauty Bakerie in 2011 as a new lipstick brand that was vegan, non-toxic and cruelty-free. Beyonce featured the nascent brand on her website, and Nicole began marketing her long-lasting lipsticks on Instagram, where it now has 1.2 million followers.
Three years into a stint on the commodities desk at Goldman Sachs, Twine’s mother died in a car accident. The tragedy pushed her to reconsider her career path. Inspired by her mother, a chemist who had developed a natural face cream, and her grandmother, who taught her how to make products with natural ingredients, she spent weekends and nights researching the beauty industry.
I don’t see the inspiration in the black community from the Top Black Owned Businesses. Why doesn’t this inspire young blacks people to achieve higher levels in life, they did it so can they
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