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Posts Tagged ‘forbes’

Forbes Magazine is Calling This Black Woman “The Next Steve Jobs”

September 11th, 2017 by Tech Staff It's not too often women of color get compared to titans and trailblazers in business. That is, until 200,000 people download your app within fourteen days of launch - and then, people take notice. Angel rich   Angel Rich, from Washington, DC, has developed a very innovative app called Credit Stacker that teaches students about personal finance, credit management, and entrepreneurship in a fun and engaging way. The app is so popular that 200,000 people downloaded it to their smart phones and tablets within just two weeks of it's launch. Even more, Forbes has named her "The Next Steve Jobs".   Remarkably, the app has been named the "best financial literacy product in the country" by the Office of Michelle Obama, the "best learning game in the country" by the Department of Education, and the "best solution in the world for reducing poverty" by JP Morgan Chase. It has won first place in several business competitions including the Industrial Bank Small Business Regional Competition and the Black Enterprise Elevator Pitch Competition. All in all, Angel has won more than $50,000 in business grants. Angel was raised in Washington, DC, and graduated from Hampton University. She also studied at the University of International Business and Economics in Beijing, China. After winning Prudential’s annual National Case competition for her marketing plan to reach millennials, she worked briefly as a global market research analyst for Prudential, where she conducted over 70 financial behavior modification studies. She says that during her time there, she helped the company generate more than $6 billion in revenue. She resigned, however in 2013, to start her own company, The Wealth Factory.  
Angel's ultimate goal with her company is (and has always been) to develop financial literacy edtech games that empower and educate both students and adults. And she has been very successful at doing this! In fact, her company has been so impressive that the National Alliance of Public Charter Schools named it the ninth best ed-tech company of 2015. Her company's Credit Stacker app is available in four languages and in 40 countries, and is quickly approaching 1 million downloads. Although the app is free for users to download, the revenue model is to generate money on the back-end from advertisers in addition to contracts, including one that she already has with the Dept. of Health and Human Services. She also already has a partnership with the D.C. Dept of Insurance, Securities, and Banking. In time, other major financial companies like NASDAQ, J.P. Morgan & Chase, Wells Fargo, and more will likely want to get on board as well.   A major challenge for Angel has been that women are still heavily discriminated against in the business and techhnology sectors, and their companies are not equally funded. In fact, less than 20% of venture capital dollars go to women-owned companies. And, for Black women, the numbers are even lower. According to a report by #ProjectDiane, Black women represent only 4% of all women-led tech startups in the United States. Angel told Forbes during an interview, “My competitor raised $75 million. I won best financial product and best learning game. My company raised only $200,000.”  
  Let's rally behind Angel and share her story and quest for funding with everyone you know.  Don't forget to download Credit Stacker and share with students, family and friends today!  iTunes App store: Google Play app store: via

Hip Hop’s Most Fortunate… Where Are The Divas?

April 2nd, 2013 by Simone

Forbes Five: Hip- Hop’s Wealthiest Artists

Forbes released their Forbes Five: Hip- Hop’s Wealthiest Artists list last week. It was not really a shocker that Sean “Diddy” Combs and Sean Carter aka Jay- Z are at the top of the list. There are some people who would think that Jay Z would take the number one spot but the numbers don’t lie. Diddy earned $580 Million while Jay Z earned $475 Million according to Forbes. Bringing in the rear were Dr. Dre who earned $350 Million, Birdman at $150 Million in fourth place, and lastly 50 Cent who has managed to earn way more than his name sake with a reported $125 Million in the bank. What’s the methodology behind this list? According to Forbes, “In order to complete our Forbes Five list, we followed the same procedure we use to calculate our list of the world’s billionaires: looking at past earnings, valuing current holdings, leafing through financial documents and talking to analysts, attorneys, managers, other industry players and even some moguls themselves to find the nitty-gritty details.” Unfortunately, a report like this always garners the conspiracy theorists who like to argue about the means in which the money was earned. You know, the usual arguments that still revolve around Biggie’s mysterious death in 1997 and Illuminati claims on behalf of Jay Z’s fortune and domination of the game from the stage to the board room as well as his political connections.

How about we talk about how there are still no women on the Hip Hop scene among the top five earners. Currently, the only female voice you even hear on the radio who isn’t singing is Nicki Minaj and at times she trades bars for melodic verses.


The male top earners have been in the business for a while. The money they have on the books does not always equal their musical talent in the booth obviously. Most of their money is from side business ventures and mergers than from lending their voices to tracks these days. It is not just because of their longevity. They have noble drives and business sense. But there are many female MC’s with the same drive and business sense right? Are the woman in Hip Hop getting lower wages because their women the same way most of us are under earning for the same job at our 9 to 5’s? The legends such as MC Lyte, does a lot of voice over work and makes appearances at award shows that are looking for an Old School performance act. Queen Latifah is memorizing lines instead of writing rhymes taking on some great roles on the big screen. On the other end, Foxy Brown made a reappearance last year that was pretty much panned. Lil’ Kim is only making headlines right now for what she claims are doctored photos of her in the media. What about hope for the future? The newbies, like Azealia Banks are spending most of their time beefing on Twitter. I’m waiting for the day when lady MC’s are back to rocking their heels (or high tops) and the mic while climbing to the top of these lists.   Forbes Five: Hip- Hop’s Wealthiest Artists Who do you think are the top five wealthiest women in Hip Hop right now? Forbes Five: Hip- Hop’s Wealthiest Artists Forbes Five: Hip- Hop’s Wealthiest Artists

Social Media’s G.O.A.T? The Photo That Continues To Shatter Social Media Records…

November 8th, 2012 by Christen   According to Forbes and
In late September, Media Bistro’s All Twitter blog tabulated the most popular tweets of all time – as gauged by retweets. The winner was Justin Bieber, who as of this writing had 223,376 retweets for this tweet.  President Obama shattered that record with this tweet upon the media calling Ohio for him.  After winning his second term as U.S. President, Barack Obama shared the same photo on his Facebook page that quickly became the most Liked photo ever on the social network. The picture shows the president embracing his wife Michelle with the caption: Four more years. The image had become the most Liked photo in Facebook history: With more than 4 million likes, this Barack Obama photo is the most-liked Facebook photo of all time.
  That’s yet another victory for Obama’s social-media savvy campaign team, who dominated Romney in most social media metrics.  This tweet has only skyrocketed in popularity since this victory. As of today, Obama’s tweet now has 789,780 retweets.



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