What is the biggest black-owned business?

What is the biggest black-owned business?

RLJ Lodging Trust, one of the largest publicly owned Black businesses, reported total assets of $5.92 billion in June 2020.

What state has the most black-owned businesses?

Meanwhile, 86.5% of U.S. businesses have white owners, despite white people accounting for a lower percentage — 72.0% — of the U.S. population. Fayetteville, N.C., has the highest percentage of Black-owned businesses. 11.

What is the success rate of black-owned businesses?

Surprisingly, nearly 40% of all black‐owned firms have negative profits. Black‐owned firms also have lower survival rates than white‐owned firms. The average probability of business closure between 1992 and 1996 is 26.9% for black‐owned firms as compared to 22.6% for white‐owned firms.

Where are most Black businesses located?

Maryland The Free State ranks 1st nationally for the most Black-owned businesses per 1 million people (1,213), and also ranks 1st in percent of the workforce employed by Black-owned businesses (3.49%).

Is Coca Cola Black Owned?

Coca-Cola Florida, one of the largest Black-owned businesses in the U.S. and the largest in Florida, has been selected as a 2022 U.S. Best Managed Company. Founded in 2015, Coca-Cola Florida is the third-largest privately held and sixth-largest minority-owned business in the state.

Who is the wealthiest Black person in America?

• Aliko Dangote, $13.5 billion.
• Mike Adenuga, $9.1 billion.
• Robert Smith, $5 billion.
• David Steward, $4 billion.
• Abdul Samad Rabiu, $3.2 billion.
• Kanye West, $3.1 billion.
• Oprah Winfrey, $2.7 billion.
• Strive Masiyiwa, $2.4 billion.