Why is black wealth so concentrated in sports & entertainment?

[ORDER_66]

It's not just a good old boy network. You gotta ask how did American govt create a network of Good old boys in the first place.

thats what america was founded on... they laid the groundwork for only white men could profit.... they stole every damned thing and put barriers in place for it to stay that way for a very long time...

 

[Balla]

I’m not gonna repeat what others said about how the others get theirs handed down.

But I mean if you have a chance to actually get good enough to go pro, why not do it?

You get nothing but perks starting from high school, you have a chance for a free ride in college, and if you’re good enough you can make it into an extremely high paying dream career.

 

[KillerB88]

Doesn't make me wonder at all. Maybe more cats are interested in that that's why. Cats make it seem like their reality in most cases don't bear this out. I know you know more cats that wanted to play sports than run a business. That's probably the same regardless of race to be honest. Maybe if you have someone in that field already cats might have a different pov but in general I just think most aren't interested in that until later on in life at least speaking in general.

 

[GreenGhxst]

because those things are undeniable

you cannot deny good music and you cannot deny athletic ability

 

[philmonroe]

and you're the product of a worthless bytch guess we even

 

[Born2BKing]

and you're the product of a worthless bytch guess we even

 

[ComorianKid]

Blacks need their own league, Kyrie has the right idea.

 

[philmonroe]

Nope only that worthless bytch when your dad bust in her

You can have the last reply p*ssy

 

[Born2BKing]

Nope only that worthless bytch when your dad bust in her

You can have the last reply p*ssy

 

[KillerB88]

My father is trash. But he's a smart man. He once told me that when the rules are clear and the playing field is even, black folks always dominate. White people can't compete with us in that regard and they created systems that allow for obfuscation so they can constantly move the goalposts.

 

[aSniperJones]

Cost of Entry, Red Tape, or it's eviler cousin Gate Keeping [Cost of Entry w/ disingenuous additions].

The latest and most obvious victim of this is the Cannabis industry. What's happening is so transparent.

 

[Skip2]

We need more black doctors. In the hospital I work in i’ve seen only one ados doctor. The other black doctors are from other countries. shyt I only know two male ados nurses. Healthcare is something more black Americans should go into. There will always be a demand for healthcare workers. You can make a lot of money in that field with an associate’s degree. We can start there and pass the money and instill education to our children. Before you know it we’ll see many black multimillionaires and billionaires.

 

[jackson35]

For the black billionaires in the US.
66% made their money in sports or entertainment.

Of White US billionaires less than 1% did so.

That is a huge difference. Its litterally concentrated in one field. I find this kind of interesting

I'm sure thecoli has equally interesting answers

mainstream media is uncomfortable talking about wealthy black men period. so they marginalize it this way.

 

[DrBanneker]

All the things said in this thread, but I will add one more: exposure and encouragement.

Working in business I came to realize there are so many types of businesses we are not exposed to and I grew up middle class and got a good education. Light manufacturing, distribution, and some others don't really make it onto Black folks radar to start a business both because of capital hurdles and exposure. When most Black folks who can get capital want to start a business, they already usually have exposure, and a social network, for sports, entertainment, and to a lesser extent real estate and some fields in finance. There is an established Black presence and network you can capitalize on.


You notice how other ethnic groups focus in on certain businesses. It isn't because they all have some brilliant idea, they funnel into what they are exposed to and then the next generation goes into something bigger---or not.

 

[razassin]

Systemic Racism & Lack of Opportunities

Also remember we only been playin on a ''leveled'' field for 50 odd years

Access to wealth is much easier in the US than in any other country in the world, dont get it twisted, but the easy road to wealth is 95% blocked by old money who are not interested in sharin any piece of the pie and the other 5%by geniuses who have beat the system...

Even the white rich elite is not open to lettin in poor whites to get a piece of the pie, much less us

However, our genetics have worked in our favor in sports and our natural talent in music, hence why most black wealth come from these industries...

Its not bad nor a good thing tho...