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81% of VC firms don’t have a single black investor — BLCK VC plans on changing that

Venture capital has a diversity problem . BLCK VC , a new organization founded by Storm Ventures associate Frederik Groce and NEA associate Sydney Sykes to connect, engage and advance black venture capitalists, is ready for a new era in the industry. Their mission: Turn 200 black investors into 400 black investors by 2024. “We think of ourselves as an organization formed by black VCs for blacks VCs to increase the representation of black investors,” Sykes told TechCrunch. “You can look around and say well ‘I know five black VCs,’ but you can also say this firm does not have a single black VC, they may not even have a single underrepresented minority … We want to make firms reckon with the fact that there is a racial diversity problem; there is a lack of black VCs and every firm should really care about it.” BLCK VC has been at work since the beginning of 2018, building and expanding a network of black investors in the San Francisco area, Los Angeles and New York. They seek to provide a...

Top Ten richest musicians in the world and their net worth

Music is undoubtedly a lucrative venture; the ability of songwriters and performers to create award-winning songs that will leave millions of music lovers around the world singing along to the lyric is an act that comes with great financial rewards.

We bring to you the top ten richest musicians in the world and their net worth. Go through the

List below to see how much your favorite artist is worth.

 


  1. Andrew Lloyd Webber






 

He might not be known to many but he is the most popular artist on Broadway having composed 13 of their greatest hits and rakes in a fat percentage from tickets sales and merchandise from his hit songs and from the Really Useful Group. He stands tall on the number one position with a net worth of $1.2 billion dollars.

 


  1. Paul McCartney






 

A member of the Beatles. He and John Lennon shared credits to all their hit songs since the 60s and enjoy royalties up till date. His hit song Yesterday is the highest song of all time to be covered with over 2,000 artists remaking the song, talk about a successful career. He is estimated to be worth $1.1 billion dollars and is the second richest musician on the globe.

 


  1. Herb Alpert






 

Award-winning musician Herb Alpert is number three on the list with a net worth of over $850 million dollars. He has total sales of over 72 million worldwide with 9 Grammy awards and 14 platinum albums. He is also a partner in A&M Records.

 


  1. Sean Diddy Combs






 

Popular in the 90s and early 2000 as Puff daddy, Sean Diddy Combs is currently the fourth richest musician in the world with an estimated net worth of $820 million dollars clitch in the spot to beat Jay Z and Dr. Dre. He is the brand ambassador to Ciroc Vodka and runs his own clothing line Sean John which has recorded massive sales worldwide.

 

 


  1. Jay Z






 

Producer and rapper Jay Z is the fifth richest musician in the world with an estimated net worth of $810 million dollars. The rapper has major investments in Tidal music streaming and in champagne brand Armand de Brignac. He floats his own record label known as Roc Nation.

 


  1. Dr. Dre






 

Popular music producer clinches the number six spot with a net worth of $740 million dollars. Dr. Dre sold Beat by Dre headphones to Apple for a multimillion dollar deal which catapulted him to the top of the list.

 


  1. Madonna






Golden Globe-winning actress and Pop star Madonna is worth $800 million dollars. She rose to fame in the 80s and has since remained on top of Billboard charts whenever she drops a new hit. In addition to her music career, she also writes children books.

 


  1. Celine Dion






 

After selling a record 200 million records no doubt she sits on top as the wealthiest music artist in Canada of all time. She is worth $630 million dollars and the eight richest musicians in the world.

 


  1. Bono






 

The lead singer in the U2 band is the ninth richest musician in the world with a net worth of $600 million dollars. He is popular also as an eco and social activist and also for rocking stylish glasses. He is also a Knight and undoubtedly a boss.

 


  1. Mariah Carey






 

It strange to find her on the list even after been without a major hit in recent times but she enjoyed a successful career in the 90s and backed by major successful investment she makes the list with a net worth of $ 510 million dollars.  

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