Black Executive & Entrepreneur News

Oprah gives her audience each a brand new car

Oprah Winfrey celebrated the premiere of her 19th season today by giving everyone in her audience a brand new car. She started the show by calling eleven audience members on stage. She then gave each of them a car, a Pontiac...


Sean P.Diddy Combs Is The Richest Entertainer On 40 Richest People Under 40 List

"There aint nothing like hip hop music." Sean P.Diddy Combs along with Shawn Jay Z. Carter can sing the line all the way to the bank. Both Combs and Carter are on the Fortune Magazine 40 richest American under 40 list.


Rocawear charged with trademark infringement

The New York Post reports that Rocawear the clothing line owned by Jay Z and Damon Dash had intended to call its 2005 spring line of clothes and jewellery which ranged in price from $35 to $250 Rocawear MUSE. However Maggy London...


The World's 100 Most Powerful Women ranked by Forbes Magazine

Forbes Magazine has released its first ever ranking of the world's most powerful women. Out of 100 listings there were only 3 black women.


Jay Z 's ownership group gets NBA Board of Governors approval

On Wednesday, rapper Jay Z became an official owner of the New Jersey Nets following approval by the NBA Board of Governors.


Oprah renews talk show through 2011

Harpo Productions Inc., Oprah's production company, Viacom's CBS Enterprises and King World Productions announced the contract renewal Thursday.


Mutual fund industry sources speculate that Michael Lee-Chin's AIC Ltd. could be available for sale or a potential merger.

The Globe and Mail reports that three independent Canadian mutual fund firms are potential targets for consolidation. AGF Management Ltd., Michael Lee-Chin's AIC Ltd. and CI Fund are at the center of industry speculation.


Oprah Winfrey invests in Central California cafe

Impressed with a tasty curry chicken sandwich, Oprah Winfrey decided to invest in the Art Cafe and Bakery.


Damon Dash has signed a licensing agreement for PRO-Keds sneakers

The Stride Rite Corporation has signed a licensing agreement with Damon Dash.


Damon Dash creates luxury watch collection

Roc-A-Fella’s CEO Damon Dash recently partnered with Daniel Lazar, a leading designer of watches and jewelry, to create a luxury watch collection called Tiret New York.


Nelly has joined the ownership group of Bobcats Basketball Holdings

Robert L. Johnson, the founder of Black Entertainment Television and the majority owner of the first-ever all minority owned NBA team, the Charlotte Bobcats, announced that Nelly now joins him as part-owner of the sports...


Earvin Magic Johnson launches new footwear and apparel line Magic32

Earvin 'Magic' Johnson has partnered with BASH Sports, LLC, to launch a new line of basketball footwear and apparel named Magic32.


Man with the money bag

Damon Dash will be financing a new comedy produced by Andrew Lazar and staring Annette Bening


The World's 10 Highest-Paid Black Athletes According to Forbes Magazine

These are the top earning black athletes according to the Forbes Magazine annual ranking of the Worlds 50 Hightest Paid Athletes. Tiger Woods leads the list again.


The growing list of ventures for Sean "P. Diddy" Combs

P. Diddy has been trading in the real estate market as of late buying and selling buildings.


The $2 billion man behind the NBA champion Detroit Pistons

In the hustling community we always look up to ball players, however the power is not on the playing court but in the hands of the man who pays the players. Meet the first owner in major professional sports history to win two...


Sean Combs Wins Fashion Award

The Council of Fashion Designers of America named Combs the top menswear designer of the year for his Sean John collection.


The Sean John apparel company is strengthening its executive staff

The Sean John apparel company is reportedly close to a deal to hire a veteran of the Calvin Klein and Donna Karan fashion houses to head its foray into women's clothing.


Magic Johnson Enterprises buys Burger King restaurants

Magic Johnson Enterprises, has agreed to buy 30 Burger King restaurants in Atlanta, Birmingham, Ala., Dallas and Miami, effective July 1.


Michael Lee-Chin has purchased collection of Bob Marley memorabilia

Michael Lee-Chin has purchased the world's largest collection of Bob Marley memorabilia and will donate the 200 000 plus items to a yet-to-be-established museum of Jamaican music.