Question of the Day [Black History Month]: There are 9 Black billionaires in the U.S. How many can you name?
Spanning across multiple different industries, how many of America's Black billionaires can you name?
Answer:
Questions:
- What patterns do you notice about the sources of wealth for these billionaires?
- What types of education or skills might be necessary to achieve success in the industries listed?
- Why is it significant to highlight the success of Black individuals in these industries?
- In what ways does the increase in the number of Black billionaires both highlight and fail to address wealth inequality?
Behind the Numbers (NCRC):
"There are more billionaires in the United States (735) than anywhere in the world. Though the number of US Black billionaires has increased from one to nine in about 20 years, the rise of the Black billionaire has done nothing to bridge wealth inequality. In 2001, when Johnson and Chin broke the billionaire color barrier, the median wealth of an African American family was about $15,000 according to Dr. Edward Wolff’s research. White median wealth was 10 times that, a little over $150,000. By 2019, median white wealth had risen to $160,000 while Black household wealth had shrunk to $9,000. What had been a 10-to-one median wealth advantage for whites leapt to about 18-to-one in less than two decades."
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NGPF's Entrepreneurship mini-unit will give you lots of tools to get your students thinking like innovators and problem solvers!
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About the Author
Ryan Wood
Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.
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