Black wealth stories that prove ownership is growing

One of the most closely followed Black owned beauty brands is shutting down. Adwoa Beauty, founded by Julian Addo in 2017 with an initial $80,000 investment, is now moving through Chapter 7 liquidation proceedings following a legal dispute with lender Aurous Financial. The brand had built an impressive retail presence, earning shelf space at Sephora…

ByDorcas OnasaMay 2, 20260Comments

Business

Black business wins big and loses big this week

Darrell Spencer, a 29-year-old black business owner from Chicago, secured a $500,000 investment on Shark Tank this week for his men's grooming brand, Crowned Skin. The brand has already generated more than $30 million in lifetime revenue, built around a product line that includes body butters and oil colognes made from natural ingredients including shea…

ByTresa TopperApril 18, 20260Comments

Career

How Dr. Cameka Smith boldly invested $1.5M in Black women founders

In 2009, Cameka Smith was 29 years old, held a master's degree, and had just been laid off from Chicago Public Schools. The obvious next step for most people would have been to dust off a résumé and move on. Smith chose a different path entirely. She gave herself one year to figure it out.…

ByDorcas OnasaApril 2, 20260Comments

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Black wealth stories that prove ownership is growing

Black business wins big and loses big this week

How Dr. Cameka Smith boldly invested $1.5M in Black women founders

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