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Keyword: newbos

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  • CNBC’s “NEWBOs: The Rise of the New Black Overclass”

    CNBC’s “NEWBOs: The Rise of the New Black Overclass” Will Premiere Thursday, February 26th at 9PM & 1AM ET on CNBC CNBC’s “NEWBOs: The Rise of America’s New Black Overclass,” is an original one-hour primetime documentary about the growing wave of young black multimillionaires coming out of the sports, media and entertainment industries. This project examines the rise of “Newbos,” — young black athletes, entertainers, and creative entrepreneurs – who, with the right amount of financial literacy, collaboration, intergenerational mentorship and social awareness, could have a profound, positive impact on black America. The special, hosted by Wall Street Journal reporter...
  • NEWBOs: The Rise of America's New Black Overclass

    02/19/2009 6:30:49 PM PST · by jessduntno · 29 replies · 1,599+ views
    cnbc ^ | Today
    It's an American success story. Self-made black multimillionaires, many of whom grew up poor, have made vast fortunes in the sports, entertainment and media industries. The new moguls made their millions under the age of 40, primarily by taking more ownership and control over their brands than their predecessors. Collectively, black athletes in the NFL, NBA, and in Major League Baseball earned nearly $4 billion last year and the nation's 20 highest-paid hip-hop entrepreneurs brought in more than $500 million. Now, with their newfound wealth come responsibilities to their family, friends, and community. Based on Lee Hawkins' forthcoming book of...