The Rise of America’s Black Elite: A New Era of Wealth and Influence
While African Americans have historically been disproportionately affected by poverty in the United States, a significant shift is taking place. Today, America is home to the largest concentration of wealthy and highly successful Black individuals in the world. In fact, 1 in 50 African American families are now millionaires, representing a growing class of Black elites. This rise in wealth and influence within the African American community reflects the increasing power of Black entrepreneurs, professionals, and leaders across various industries.
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