It's a shame blacks ain't got no "bill gates" to serve as role models

[wingzboy]

The closest we got are the rappers and nikkas connected to the music industry like Russell Simmons or sports stars. Our top guys are like worth 1/10th of the top cacs. fukk this embarrassing shyt brehs.

 

[Kenny West]

you act as if anybody would listen to them/hear them out.

Look at most of the black stars who promote positivity. Steve Harvey, Will Smith, what's left of Bill Cosby. Folks are to just about anything that comes outta their mouths.

That's why I don't blame rappers for shyttin on regular nikkas and stuntin. It's pretty much all they'll respect anyway

 

[psiko]

There are a few black billionaires. Most are from Africa or Europe though. Not close to Bill Gates but their money dwarfs Jay-Z's. They just built fortunes on commodities that don't get a lot media interest like entertainment or technology do. Getting rich off flour and cement is cool but doesn't make for the most interesting story.

 

[wingzboy]

Breh look at the peeps you named that reinforced my point, actors/comedians, what kind of motivation can you get from look at people who are representative of an industry that is based entirely on connections? What I am talking about is black hustlers, innovators, producing something new whereby the masses are forced to accept it because they need it.
You don't get that with entertainment industry because it is hard to be motivated to be the "best" when you know being the "best" is not necessarily the determinant of your success in that field.

 

[wingzboy]

There are a few black billionaires. Most are from Africa or Europe though. Not close to Bill Gates but their money dwarfs Jay-Z's. They just built fortunes on commodities that don't get a lot media interest like entertainment or technology do. Getting rich off flour and cement is cool but doesn't make for the most interesting story.

I guarantee you if hood nikkas knew about a guy from the hood who went on to become bigger than Jay selling toilet paper, every nikka would be on the block slinging rolls of all kinds of sizes and colors. It's all about promoting the source of the wealth rather than the nature of the activity itself.

 

[b@squ1@t]

aint no thinkin like small minded thinkin

 

[Kenny West]

Breh look at the peeps you named that reinforced my point, actors/comedians, what kind of motivation can you get from look at people who are representative of an industry that is based entirely on connections? What I am talking about is black hustlers, innovators, producing something new whereby the masses are forced to accept it because they need it.
You don't get that with entertainment industry because it is hard to be motivated to be the "best" when you know being the "best" is not necessarily the determinant of your success in that field.

Yeah I misunderstood your point. Might have one starred this thread had I not.

For one, I don't see why that type of role model has to be race exclusive. Blacks do have a role model that can serve as a Bill Gates; his name is Bill Gates. If you're good at what you do, then that's just that, race be damned.


Secondly the type of people you're mentioning aren't in the public eye like that, Bill Gates is huge exception being one of the richest mfs in the country. A successful entrepreneur would get his idea, produce it, sell it down the line and live his life in the cut with his racks. If you want to learn about black billionaires/millionaires outside entertainment you're gonna have to look for em yourself, but they are out there.

Lastly there is a shortage of successful individuals like the ones you mentioned in any race. A very very large majority of innovators and entrepreneurs are FAILURES, so idk.

You'd think a black president would be enough motivation for anybody.

 

[Xbox One X]

 

[Cabbage Patch]

The closest we got are the rappers and nikkas connected to the music industry like Russell Simmons or sports stars. Our top guys are like worth 1/10th of the top cacs. fukk this embarrassing shyt brehs.

http://www2.ucsc.edu/whorulesamerica/power/investment_manager.html

(an excerpt)

The Upper Half of the Top 1%

Membership in this elite group is likely to come from being involved in some aspect of the financial services or banking industry, real estate development involved with those industries, or government contracting. Some hard working and clever physicians and attorneys can acquire as much as $15M-$20M before retirement but they are rare. Those in the top 0.5% have incomes over $500k if working and a net worth over $1.8M if retired. The higher we go up into the top 0.5% the more likely it is that their wealth is in some way tied to the investment industry and borrowed money than from personally selling goods or services or labor as do most in the bottom 99.5%. They are much more likely to have built their net worth from stock options and capital gains in stocks and real estate and private business sales, not from income which is taxed at a much higher rate. These opportunities are largely unavailable to the bottom 99.5%.

Recently, I spoke with a younger client who retired from a major investment bank in her early thirties, net worth around $8M. We can estimate that she had to earn somewhere around twice that, or $14M-$16M, in order to keep $8M after taxes and live well along the way, an impressive accomplishment by such an early age. Since I knew she held a critical view of investment banking, I asked if her colleagues talked about or understood how much damage was created in the broader economy from their activities. Her answer was that no one talks about it in public but almost all understood and were unbelievably cynical, hoping to exit the system when they became rich enough.

Folks in the top 0.1% come from many backgrounds but it's infrequent to meet one whose wealth wasn't acquired through direct or indirect participation in the financial and banking industries. One of our clients, net worth in the $60M range, built a small company and was acquired with stock from a multi-national. Stock is often called a "paper" asset. Another client, CEO of a medium-cap tech company, retired with a net worth in the $70M range. The bulk of any CEO's wealth comes from stock, not income, and incomes are also very high. Last year, the average S&P 500 CEO made $9M in all forms of compensation. One client runs a division of a major international investment bank, net worth in the $30M range and most of the profits from his division flow directly or indirectly from the public sector, the taxpayer. Another client with a net worth in the $10M range is the ex-wife of a managing director of a major investment bank, while another was able to amass $12M after taxes by her early thirties from stock options as a high level programmer in a successful IT company. The picture is clear; entry into the top 0.5% and, particularly, the top 0.1% is usually the result of some association with the financial industry and its creations. I find it questionable as to whether the majority in this group actually adds value or simply diverts value from the US economy and business into its pockets and the pockets of the uber-wealthy who hire them. They are, of course, doing nothing illegal....

Since the stock market game is just a form of legalized gambling, my opinion is that we shouldn't worry about trying to become the richest of richies, and just about making sure everyone is comfortable. The good thing about rappers and folks connected to the music industry is that they provide an outlet for people to become their own person by getting into business for themselves. The bad thing about it, is that it's still half-assed for the majority of people, who end up in a position like Freddie from House of Cards: no business plans, no real record keeping, no exit plans.

I wonder if the author left unsaid, as unnecessary, that membership in the top half of one percent is incestuous. He made comments about people who actually work for a living, and provide a service or create something, don't generally have membership in that top half of one percent. That leaves people who play mathematical games with paper, and heirs.

I would not want to see blacks try to play that game immediately. I'd prefer we work on our 'fundamentals' first: becoming self-sufficient as a community, and owning land. When we focus on making our communities self-sufficient, the rest falls into place. We can't do that if we don't own the very land we're trying to build on. Owning the land we live, eat, sleep, and work on should be priority number one, in my opinion.

Trust in one another, is priority number two. If the community doesn't trust its own members, how can it pool its resources together for the benefit of the entire group?

I'd personally like to see affirmative action and special funding intended for truly disadvantaged groups, ended for Asian groups. It's a lot easier to play the 'keep it in the community' game while discriminating against everyone else, when you're also the financial beneficiary of someone else's discrimination. I'd also like to see the same ended for 'women's companies' which consist of a lone female CEO, usually a wife :fantasia:, and a bunch of men under her. Women's companies need to be 50% or more to qualify. I don't know, that's just me.

 

[Yung Yogurt]

aint no thinkin like small minded thinkin

whats worse small thinking or small meat meat

 

[RTF]

People look up to Jay-Z shytting on 'em more than Oprah. They don't respect modest or humble. It's a lesson in life anyway.

 

[Suicide King]

People look up to Jay-Z shytting on 'em more than Oprah. They don't respect modest or humble. It's a lesson in life anyway.

Whites love this shiit too. Look how they gravity towards celebrities and controversy. Only difference, whites had a better start, better neighborhoods, and better family structure which caused them not to be their own worst enemy.

This is why I don't think a black Bill Gates would make a difference, because we are fighting a culture of indifference and self-destructive behavior nurtured since birth.

 

[cole phelps]

Whites love this shiit too. Look how they gravity towards celebrities and controversy. Only difference, whites had a better start, better neighborhoods, and better family structure which caused them not to be their own worst enemy.

This is why I don't think a black Bill Gates would make a difference, because we are fighting a culture of indifference and self-destructive behavior nurtured since birth.

that's true cacs back in the 20s and 30s were promoting gangster like al capone and shyt

 

[alpo]

We would been those if white would stop hating

 

[88m3]

whatever mod keeps dumping these bs threads in here it's getting old

also whats up with all of the obvious race trolls on this site ?


@Brooklynzson @Liquid