Black Executive & Entrepreneur News

Jay-Z Seeking Funding For New Label

Jay-Z wants to launch his own record label. He is reported to be looking for a record company to invest $100 million in his new venture.

Ashley Alexandra Dupre Cashes In

Ashley Alexandra Dupre, the bedroom hustler involved in the scandal that brought New York Gov. Eliot (Client No. 9) Spitzer down, is about to cash in big time from all the drama.

Michael Jackson Save's Neverland Ranch

Michael Jackson has refinanced his Neverland ranch in time to save it from a public auction that was scheduled for March 19.

Top 25 Black Moneymakers in Hollywood

Oprah Winfrey, Shonda Rhimes, Will Smith, and Denzel Washington Top Black Enterprise magazine's ranking of the Most Bankable Blacks in Film & Television

Nigeria's First Billionaire and World's Second Richest Black Person

Nigeria's first billionaire hit the jackpot when his sugar-production company listed on the Nigerian stock exchange last year.

Black Billionaires 2008

There are 1,125 billionaires in the world according to Forbes magazine with an estimated combined net worth of $4.4 trillion, up $900 billion from last year. Still the current number of black billionaires is only 6, less than one...

Patrice Motsepe South Africa's First Black Billionaire

Patrice Motsepe has become South Africa's first black billionaire according to Forbes magazine annual ranking of the worlds richest people.

Facebook founder is world's youngest billionaire

Facebook 23-year-old founder, Mark Zuckerberg, is the youngest self-made billionaire ever, according to Forbes magazine's annual ranking of the World's Billionaires.

Warren Buffet New World's Richest Man

Billionaire investor Warren Buffet has surpassed Bill Gates to be come the world's wealthest person. Buffet's net worth grew by $10 billion over the past 12 months to $62 billion.

Using Affirmative Action To Crash A Merger

Multimillionaire entrepreneur, Chester Davenport, has launched an attempt to secure a business position from the proposed XM and Sirius Satellite Radio merger. Mr. Davenport is attempting to use affirmative action to force a...

Hammer's DanceJam Opens

M.C. Hammer's DanceJam.com, the YouTube clone dedicated to dancers and wannabe dancers launched into open beta today.

Halle Berry Inks Perfume Deal With Coty

Academy Award-winning actress Halle Berry, has signed a scent development deal with Coty Inc., which will involve her in the development of a fragrance portfolio as well as appearing in its advertising.

Dr. Dre to Launch Beverage Joint Venture

Grammy Award-winning producer and artist, Dr. Dre and Drinks Americas have formed a partnership to identify, develop, and market premium non-alcoholic and alcoholic beverages.

Luke Entertainment Group Issues Corporate Update

Luke Entertainment Group ("LEG" or the "Company") (PINKSHEETS: LKEN) is pleased to share its Corporate Update.

Ann Fudge Elected to Novartis Board of Directors

Ann Fudge, former Chairman and CEO of Young & Rubicam Brands, has joined Novartis AG as a Directors.

Syleena Johnson to Launch Aneelys Records

R&B singer Syleena Johnson has launch her own label, Aneelys Records (Syleena spelled backwards), through Federal, a subsidiary of Universal Music Group.

Bass Pumping Headphones From Dr. Dre

Beats by Dr. Dre are a new line of high quality, over the ear headphones that feature a futuristic product design and utilizing new technologies never seen before in personal headphones.

Tyler Perry's "Why Did I Get Married?" Tops DVD Sales

Tyler Perry's "Why Did I Get Married?" was the top selling DVD in the U.S., debuting at No. 1 on the Nielsen VideoScan First Alert sales chart for the week ending Feb. 17, beating contenders from the major studios.

Music Industry Veterans Launch New iTunes Distribution Company

MusicWerks Online, LLC., a new online music group, aims to be a one-stop shop for music business services for artist, songwriters, producer and independent labels.

Kimora Lee Simmons Returns to The Style Network for Second Season

The Style Network announces a second season pick-up for its hit reality series "Kimora: Life in the Fab Lane."

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