The Rise of the African-American Elite: New Black Wealth in America | USA Wealth Documentary

While African Americans are more likely to live in poverty than any other ethnic group, America is also home to the biggest group of wealthy, highly successful black people in the world. Now, 1 in 50 African American families are millionaires, forming part of a new ‘black elite’.

Property developer Don Peebles is one of the richest and most powerful businessmen in America. He’s been nicknamed the “Black Trump” and has estimated net worth of 700 million dollars.

In Georgia, Atlanta this black bourgeoisie has seized power. In Texas, Psyche Terry and her husband have created a cosmetic empire and are invited to every social event in Dallas. At the same time, the “buy black” movement encourages community business and even has its own black Amazon.

This documentary was first released in 2020.
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