On June 1st, 2018 history was made when the first black owned real estate crowdfund was launched. A black owned SEC approved real estate crowd fund platform called “Tulsa Real Estate Fund” raised over 5 million dollars in 24 hours.
The name of the worse book I've ever read is called “The Wealth Choice: Success Secrets of Black Millionaires” by Dr. Dennis Kimbro. I read the book over 5 years ago. I had previously read Napoleon Hill, “Think and Grow Rich” which is an excellent book, so I totally got the formula that Dr Kimbro was going for. The book was conceptually sound but the single largest challenge that I had with the book was the statement that there are only 35k black millionaires in the United States.
My definition of the black 2 percent is defined as, “a black household that has a networth of above one million dollars". Only 2 percent of black american households have a networth of greater than a million dollars. The black 2 percent primarily have a networth that is greater than 98 percent of other Black Americans.