Why Arent There Many Black Billionaires

Why aren’t there many examples of obese billionaires?

Wild guess… because there are not a lot of billionaires in general?World wide there were in October 2017 1542 billionaires. I do not know if you know them all, but even if 1 on 100 would be obese, there would be 15 obese billionaires. Hardly noticeable on the complete world population.It’s also not a secret that in so called welfare countries obesity problems are mainly in the less fortunate groups. Simply because unhealthy food for some weird reason is cheaper than healthy food.This combination must ring a bell, doesn’t it?

Why every economics or management professors are not billionaire in the world?

Studying economics is fundamentally different from involving one’s self in them. Regrettably, we value money more than scholarship so people who study economic processes are not paid as well as those who are directly involved in them. Lousy priorities, huh?Some people don’t care about being a billionaire. Good for them!

Why don't public libraries have books on black billionaires other than Oprah?

According to Forbes, ( Mar. 20, 2017), there are only 3 black billionaires in the US- Oprah Winfrey, Michael Jordan, and the owner of a private computer software firm called Vista. His name is Robert Smith and not much has appeared in print about him. There are plenty of books about both Oprah and Michael Jordan, but they choose to live public lives. Mr. Smith appears not to want to live such a life.In any case, ask your library to buy books that interest you. Depending on budget constraints, other people's interest and availability of such books, you library may be able to buy them.

Why aren’t there any African-American billionaires, except for Michael Jordan, even though there are more than 40 million African-American citizens?

African American Billionaires:Robert Smith US $4,4 billionOprah Winfrey US $ 3.1 billionMichael Jordan US $ 1 billion +I remember seeing a TV documentary about Magic Johnson in which he said that so many of his black sports colleagues who had each made several tens of millions of $ dollars (or more) in their relatively short careers, all seemed to be broke within 5 years of retirement.He looked around and decided that he did’t want the same fate for himself.His first lesson came from Michael Ovitz, one of the biggest talent agents in Hollywood:Ovitz had one major piece of advice: Only surround yourself with the best."That’s when I fired everybody. I got the best money manager, best accountant, best lawyer," Johnson told the crowd at the Upfront Summit in Los Angeles.”Personal financial management isn’t taught in schools and black Americans don’t have the benefit of white privilege in education in the USA.In my view, African Americans should network more, learn from successful role models like Johnson and aspire to his success, learn from his (and others) mistakes, take referrals by personal recommendation of good (trustworthy) money managers and accountants.I can’t help feeling that in order for African Americans to be successful, they must be better than everyone else, if only to overcome the racial prejudice and disadvantage they experience. It helps of course if they have charisma, are famous and are perceived to be of good character like Johnson. On that basis I think that Johnson’s celebrity status was greatly to his advantage, he didn’t conform to American stereotypes.He wasn’t in the Billionaire bracket but with more like him I’ve no doubt there will be more than a few African American billionaires in the future, it is only a matter of time.

Why are there so few black tech founders in Silicon Valley?

In my experience, the complex phenomenon of African-American directed racism is more evident as a problem in Silicon Valley than other places. I think I know why.To defeat racism is a multi-tiered journey.  Serving people in stores and at lunch counters and on public transportation was the first battle, now largely won. Part of this must surely be that the African-American's dollar spends just like everyone else's. The next tier, still being fought, is for people to be accepted as neighbors and co-workers and employees. In Silicon Valley in the 1980s I saw racism as a white manager trying to hire an exceptionally talented African-American engineer. I was unable to get consensus from my white colleagues. The perception very clearly was that he "would not fit in." This is one of the worst memories I have from that era. I like to think this would be less an issue today.At the next level up in the journey, where VCs and investors have to be overwhelmingly positive in order to fund a venture, subliminal perceptions can become controlling. If someone is presented with dozens of choices to be made among high-quality alternatives with lots of their own money at stake, nuances of "comfort level" and even judgments about racism itself enter in.The thought process might go: "I like this guy but will racism on the part of other people hold him back? Will he be able to outcompete other startups in recruiting top talent? Will racism get in the way of him negotiating advantageously? I oppose racism but I am in business to make money, not to change society." Even if these are not conscious thoughts, they are in the air. This is understandable, but it's still racism playing out.Silicon Valley is not more racist than other places, but it is a place where we can see it more clearly because there is more at stake. And the numbers don't lie. Founders and top executives and board members are disproportionately white men, and that is an understatement.As for the last part of the question, what do "influences and upbringing" mean? Few people of any race have what it takes to found successful tech companies. At this level, these are excuses, not real factors in what will lead to success.