12 Trailblazing Black Wall Street Bankers, Brokers, Financiers
Portfolio Pulse from Sue Strachan
The article highlights the achievements of 12 trailblazing Black Wall Street bankers, brokers, and financiers who laid the groundwork for future generations. It mentions the first Black investment firm on the NYSE, Daniels & Bell, founded in 1971, and other pioneers like the first Black woman to pass the NYSE exam, Lilla St. John, and the first Black-owned mutual fund firm, Ariel Investments, founded by John W. Rogers Jr. It also touches on early Black millionaires and billionaires, including Robert L. Johnson, the first Black billionaire, and Oprah Winfrey, the first Black woman billionaire.
February 29, 2024 | 12:26 am
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Paramount Global, previously known as ViacomCBS, is mentioned in the article for its acquisition of BET from Robert L. Johnson in 2001, which made him a billionaire. This historical acquisition highlights Paramount Global's role in promoting diversity and inclusion in the media industry.
While the article mentions Paramount Global (formerly ViacomCBS) in a historical context, the acquisition of BET is a significant part of its history, reflecting on its diversity and inclusion efforts. However, as this is historical information, the short-term impact on Paramount Global's stock price is likely neutral, given that the market has already absorbed this information over the years.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50