If you’ve been looking for black news websites, you may like to read the following types of news:
- Celebrity gossip
- Current news
- Entertainment news
- Hollywood news
- Urban news
When you regularly visit black news websites, you may also like to read financial news. Just one point of interest may be in knowing the net worth–or earning power–of your favorite black celebrities.
Boxer Floyd Mayweather, for example, earned $300 million in both 2014 and 2015. Beyonce, who is considered to be one of the most successful female music artists worldwide, is estimated to have a net worth of $450 million. Interesting to note is that her husband, rapper, businessman, and investor, Jay Z, has a net worth of $650 million. Their combined wealth is a staggering one billion.
Will Smith, however, is considered to be one of the film industry’s highest-paid actors. Almost all of his films have grossed $100 million or more.
When it comes to celebrity endorsements, these can make a major impact on a company’s worth. The Harvard Business School conducted a study in 2011, for example, that showed when a company has a major celebrity’s endorsement, it can increase the selling price by $10 million. Furthermore, these endorsements can also bring a 0.25% increase in stock value and return.
Just one of the major reasons celebrity-endorsements make a difference in sales is due to purchases made by fans, particularly with clothing, shoes, and accessories. It also increases music sales, of course, and promotes local, national, and international causes.
Word travels fast on social media sites such as Facebook. When it comes to following and supporting celebrity causes, It’s interesting to note that support tends to be higher within the 18-to-36 age bracket. It’s not that older adults aren’t inspired by these activities; however, only about 10% of adults 68 and older claim to support a celebrity cause.
From spring 2007 to spring 2007, 6.94 million people in the United States attended RandB, rap, and hip-hop concerts. According to Facebook “likes,” hip-hop was the most popular type of music with students during July 2011. At that time, there were 314,540 likes on celebrity pages.
The hip-hop demographic has major spending power. It is estimated that this group of fans contribute $500 billion on an annual basis.
When you want to read the latest celebrity gossip or discover recent trends, there are black news websites that have these, and other types of news available.