Black Wealth Matters is a collection of intimate conversations with leading Black and African-American individuals, highlighting key issues at the intersection of money, race and racism. Hear from musician and actress Queen Latifah to bestselling author and entrepreneur Tiffany Dufu and star journalist and author Donovan Ramsey. Guests discuss the massive racial wealth gap, harsh financial inequities and ongoing systemic racism that prevents Black Americans from achieving financial security and wealth.Host Farnoosh Torabi initially conducted this series of interviews in June 2020 on her podcast So Money. The series is now available here in a dedicated album for easy access and sharing. Follow the parent podcast So Money at www.somoneypodcast.com.
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Black Wealth Matters is a collection of intimate conversations with leading Black and African-American individuals, highlighting key issues at the intersection of money, race and racism. Hear from musician and actress Queen Latifah to bestselling author and entrepreneur Tiffany Dufu and star journalist and author Donovan Ramsey. Guests discuss the massive racial wealth gap, harsh financial inequities and ongoing systemic racism that prevents Black Americans from achieving financial security and wealth.Host Farnoosh Torabi initially conducted this series of interviews in June 2020 on her podcast So Money. The series is now available here in a dedicated album for easy access and sharing. Follow the parent podcast So Money at www.somoneypodcast.com.
06: Why we have to stop calling it the "racial wealth gap" with entrepreneur Yemi Rose
Black Wealth Matters
30 minutes
5 years ago
06: Why we have to stop calling it the "racial wealth gap" with entrepreneur Yemi Rose
Entrepreneur Yemi Rose is the founder of OfColor, a digital financial wellness platform focused on providing content and banking tools built around how people of color save, spend, and build our legacies differently.
We discuss the role financial services has played and continues to play in widening the racial wealth gap.Growing up in Jamaica and the differences of “being Black” there versus here in the United States.
Why we may want to rethink the expression “racial wealth gap.” Does it deserve a renaming?
How his startup OfColor will provide better access to financial tools and education to an underserved community.
Yemi has spent almost two decades at the intersection of financial services and communications/marketing focused on financial wellness, most recently as the Vice President of Financial Wellness Enterprise Initiatives with Prudential Financials’ Global Communications Group.
In this most recent role, he led the development of Prudential’s Financial Wellness Census research project, as well as “The Cut,” which focused on underserved consumers. He writes and speaks extensively on the racial wealth gap, and his writings on the subject have been published in Black Enterprise, The Root, Blavity, and Money.com.
After beginning his career as a Capital Markets Intelligence Associate for Thomson Financial, he served as an Investor Relations Director for several top-tier financial communications agencies, before moving to in-house roles. He has served as a senior executive at KPMG and BlackRock Inc., where he worked on helping them to maximize the value of their acquisitions and fintech ventures.
He holds both a bachelor’s and a Master’s degree from Cornell University. Yemi was born and raised in Jamaica, and now lives with his wife and two daughters in New Jersey.
Black Wealth Matters
Black Wealth Matters is a collection of intimate conversations with leading Black and African-American individuals, highlighting key issues at the intersection of money, race and racism. Hear from musician and actress Queen Latifah to bestselling author and entrepreneur Tiffany Dufu and star journalist and author Donovan Ramsey. Guests discuss the massive racial wealth gap, harsh financial inequities and ongoing systemic racism that prevents Black Americans from achieving financial security and wealth.Host Farnoosh Torabi initially conducted this series of interviews in June 2020 on her podcast So Money. The series is now available here in a dedicated album for easy access and sharing. Follow the parent podcast So Money at www.somoneypodcast.com.