Tuesday, June 16, 2015

6 Facts About Major Black Businesses You May Not Have Known

Check out these 6 Facts about Major Black Businesses that You May have Not Known!!!

* Black-owned auto dealers collectively grossed $8 billion versus $7.2 billion from last year - an impressive $11.4% hike. 

* Black-owned advertising agencies collectively posted a solid 7.2% revenue bump, from $287.5 million to $308.2 million.

* Black-owned banks collectively produced a 2% dip in assets — $5.5 billion to $5.4 billion — and a 12.4% plunge in capital — $474 million to $415 million. 

* Black-owned investment companies plummeted 32.1% in taxable securities transactions, from $821 billion to $558 billion, while tax-exempt securities deals fell 25%, from $235 billion to $177 billion.

* Black-owned asset managers' collective growth in assets under management went from $118 billion in 2012 to $118.4 billion.

* The number of Black-owned private equity firms has increased to 15, with the addition of RLJ Credit Management, LLC (owned by Bob Johnson, founder of BET).

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