African Americans lack the vantage of having access to government and natural resources Africans do. However, people can be successful in areas other than sports or use sports and
entertainment as a stepping Stone as others have. Robert Johnson made is millions by founding a cable channel and investing. R. Donahue Peebles and Quintin Primo III made their wealth in real estate. Janice Bryant Howard developed here wealth when she started a staffing firm “Act- 1” which generates nearly $1 billion in revenues annually. Still other like Ulysses Bridgeman Jr. and Magic Johnson, who started in professional sports, made most of their wealth in other areas. Bridgemen in construction, restaurants and real estate and Johnson in investments, restaurants and real estate.
With a net worth of $125 million, Kenneth Chenault, chief executive of American Express, former Merrill Lynch chief Stanley O’Neal and Citigroup chairman and former Time Warner
head Richard Parsons have also been able to negotiate their educational backgrounds in the fortunes valued over 100 million dollars.
Yes, we can make money in other ways outside of sports and entertainment. Problem is that we select the former over other opportunities. African Americans comprise more than 65 percent of the NFL, 92 percent of the NBA and 99 percent of the rappers, but only 3.2 percent of lawyers, 3 percent of doctors, and less than 1 percent of architects.
