Jay Z is a making sure that all of his bases are covered with the music industry in the slumps right now. He along with Steve Stoute are creating a new advertising agency named Translation Advertising. The purpose for this venture is to bring Clients that are trying to reach the Hip Hop community closer to their targets. For more on this story check out the New York Times link.
Posted under Jay Z, Steve StouteThere has been a lot of news reports lately that people are only into Obama for his political speeches and not for his stance on the issues. That is totally false and here is proof with one of his supporters outside at one of his political rallies.
Posted under Barack Obama, ObamaOn a bunch of different Hip Hop and Black blog sites yesterday the Forbes list of the top ten Celebrity Black Earners made a bunch of waves and commotion. There was a lot of different reactions to the story yesterday, most of it positive. But of course there will be a few haters that will show their true colors on a post like this. There were two comments that really stuck with me though. One was that there was no way that these people could make that much money, and another was the negative reaction towards Oprah saying in a magazine article that she feels funny when her relatives ask her for money.
To address the first statement, yes people do actually make that much money in one year. And yes Black people do make that much money. Unfortunately the only Black people that receive shine for their monetary achievements are in sports and entertainment. We might not have a bunch of billionaires on the list (two form last count) but we do have a good amount of none celebrity millionaires running around. In all different fields as well. We have millionaire inventors, scientist, financial gurus, computer programmers and the list goes on. If you are really interested in taking control of your own financial life and maybe even making the bank that you see Jay Z and Puffy make, then grab a couple of financial books, a couple of business books, a subscription to Black Enterprise, Forbes, and Fortune and then get to work. If you want to make money like that you have to understand not just your business but business in general and how the monetary system works. Watch CNBC in the morning for at least an half hour. Even if you are not going into the finance game realize that watching a network like CNBC will help you understand the business trends that are going on around you. That is always a big help. You will not understand the lingo at first but it will catch on. I am not rich but what I have learned in the past couple of years has really help me understand the monetary system in America and how true economics really works.
Now as far as the Oprah thing I really don’t have too much to say about that. Nobody knows the true story about that women and her family but them and god. They may have their side and she apparently has hers. If I was treated bad constantly by family and then I came into money I would not give them any money either.
For the Record here is the list and a link to the list with more of a description of each celebrity.