Money

Tech startups run by women of color need funding, money, investments

  • What women of color don’t need is another white person saying “Yes, Black Lives Matter” or “our company rejects racism.” What we need is more investors willing to ask: what can I do to change the system?
  • Dedicating 15% of a venture fund is a platitude, a pat on the head, particularly when you consider that 46% of the country are people of color.
  • This current environment also stifles economic growth and chokes off the true innovation we need.
  • Stephanie Lee is a former staffer to former First Lady Michelle Obama and former product developer at the global brand, MAC Cosmetics.
  • This is an opinion column. The thoughts expressed are those of the author.
  • Visit Business Insider’s homepage for more stories.

Too many women of color are being asked to prove first that our ideas are worthy of investment, while white founders get the benefit of the doubt over

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The Trump Children and 14 Other Heirs and Heiresses Getting Rich Off Family Money

Some wealthy individuals work hard for their money, and others are born with it. The most successful business people often take care of their families by funding their extravagant lifestyles and leaving them inheritance money.

But not every silver-spoon kid has it easy. For example, President Donald Trump’s youngest daughter, Tiffany Trump, has often lived in the shadow of her older sister, Ivanka, reports Yahoo! Entertainment. According to the entertainment site, Tiffany asked her father for help in securing an internship with Vogue in 2016; but, after discussing it with Ivanka, he decided she didn’t have the right “look” for fashion, and she instead enrolled in Georgetown Law.

Although family dynamics can vary, many of these descendants do become successful in their own right — even if they used family funds to get there. Take some time to learn a little more about who the richest families are and who

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Tyra Banks Was Once Advised to Spend More Money

From Good Housekeeping

Tyra Banks is known for many things, like being the brand new host and an executive producer of Dancing With the Stars, creator of America’s Next Top Model, or a Sports Illustrated Swimsuit model (today known as “BanX”).

But if you stop to think about it, Tyra has done so much more. She’s starred in movies, hosted her own TV show (and, ahem, won two Daytime Emmys for it), wrote three books, strutted down runways all over the globe – she’s kind of a huge deal.

Considering her tremendous success, it makes sense that all of Tyra’s hard work and talent has amounted to quite a hefty amount of money over the years. Ready for this number? According to Celebrity Net Worth, Tyra has an estimated net worth of $90 million as of 2020.

Tyra’s growing success:

Of course, the

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15 Heirs and Heiresses Getting Rich Off Family Money

Some wealthy individuals work hard for their money, and others are born with it. The most successful business people often take care of their families by funding their extravagant lifestyles and leaving them inheritance money.

Many of these descendants become successful in their own right, but some use their family funds to enjoy a permanent vacation.

Click through to find out who the richest families are and who is inheriting their wealth.

Last updated: July 28, 2020

Petra Ecclestone Net Worth: $500 Million

Petra Ecclestone’s father, Bernie Ecclestone, was the CEO of Formula One racing for four decades and is credited with turning it into a bona fide sport. Along with her sister, Tamara, and their mother, Slavica, Petra will inherit her father’s fortune, which Forbes reports is $3.5 billion as of February 2018.

The socialite is a mother of three, and while she hasn’t worked for her money, she

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