According to Federal Reserve data, the richest 1% of the nation owns 54% of stock and mutual funds, highlighting the extreme wealth concentration in America.
The wealth of the average black family in America is roughly one-tenth that of an average white family, indicating a persistent racial wealth gap.
Recent years have seen a surge in African American-owned businesses, growing at the fastest pace in over three decades, showing positive economic progress.
The success of African American billionaires serves as an inspiration, demonstrating that with perseverance, economic achievements are possible for all, regardless of background.
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