America's Black upper class - Rich, successful and empowered | A Documentary

America's Black upper class - Rich, successful and empowered | A Documentary
In the United States, there is a growing number of African American millionaires, with one in every 50 black families being millionaires, a part of the new Black upper class in the country. Black excellence isn't limited to athletics and popular music — it is also at home in the world of business and professional elites. Don Peebles is a Black entrepreneur who has joined the ranks of America's most powerful entrepreneurs. He met his wife when he was just 27 years old, not long after he'd made his first million dollars. Despite his financial successes, he keeps his priorities in check. No matter how busy his schedule gets, he still makes time for his weekly lunch with his wife. Don Peebles is part of America's top one percent but tries his best not to flaunt his wealth.Psychē Terry is the founder of a cosmetics brand and is currently worth 10 million dollars. Over the past 25 years, the number of Black millionaires like Don Peebles have doubled.Show more

Terry embarked on the journey of establishing a cosmetics brand over a decade ago with just $40 in her pocket. Now, her products are being sold across the country. Her husband, Von Tober - a former financial professional - helped her get the company off the ground. Recently, their brand was included in the highly esteemed list of America's 5000 fastest-growing companies. Among the select few making it to the list, only 100 are black-owned businesses. A Christian battle cry of sorts - something uniquely their own - was coined by Terry and her husband along with their three children. They have come a long way from poverty to epitomizing the American dream, which they are determined to pass on to their offspring. The successful couple has even been embraced by white high society in Dallas. Psyche Terry and her husband aspire to double their turnover in the next five years. While black Americans like Terry strive to make their mark in industries that lack diversity, others are taking an active approach through the by black movement. This trend has been gaining momentum since the election of Donald Trump.

Maggie Anderson and her husband earn over three hundred thousand dollars a year. They live in Oak Park, a suburb on the western outskirts of the city. 55 percent of the family's income is injected directly into the black economy. Only seven percent of U.S businesses are black-owned. Anderson has become a champion of the "buy black" movement. The activist is a kind of online detective, exposing businesses that are white-owned but sell products marketed to the black community. She will attend dozens of conferences across the country where she will spread her message. So, how do these new activists scope out products created exclusively by black people? Sharif Abdul Malik is aiming to be a kind of black-owned Amazon by his late twenties. His website sells products from black-owned businesses and sellers, everything from clothing to household goods. It took the black community by storm, soon racking up more than a hundred thousand customers and nearly a million social media followers.

A young entrepreneur plans to close his current bank account due to the fact that the bank is one of the country's largest and is owned by a white man. Over 20 million dollars have been transferred to black-owned banks since then.Killer Mike, the famous rapper, has launched an appeal calling on African Americans to transfer their money to one of the black-owned banks on a list.Luxury real estate agent Talia Diaz first made a name for herself on a reality TV show where six real estate agents compete for the biggest sale. Since then, she has become a key player in Atlanta's luxury real estate scene. The 400 square meter house is valued at 1.7 million dollars.Tavia Talia Diaz organized a private party to celebrate her success, as she often does. Her agency is doing very well thanks to her sales, and she earns an average of nearly two hundred thousand dollars in commissions each month.The number of African Americans earning over 200 thousand dollars a year has tripled over just a few years.

Atlanta's affluent Black community is particularly tightknit. It's a wealthy elite that's proud of their success. It's more like a life achievement award."We're looking at diamonds. I don't know the VS quality though. I love that, so yes, you're looking at diamonds and this is my logo. This is a business card." They've all come to support Talia Diaz.

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