May 1 /PRNewswire/ -- Who are America's richest Latinos and
African-Americans? Black Fortune (http://www.blackfortunemag.com/)
and Latino Money Magazine (http://www.latinomoney.com/)
published its richest 100 African Americans and 50 richest Latinos for
June 2002. The top five richest are as follows:
1. Robert Johnson
1. Roberto Gouizeto family
(BET founder)
(Late CEO of Coke Inc.)
$1.45 billion
$1.3 billion
2. Oprah Winfrey
2. Prudencio Unanue family
(Talk-show host)
(Founders of Goya Foods)
$940 million
$700 million
3. John Johnson
3. Antonio R. Sanchez Jr. and family
(Magazine Publisher)
(Founder of Sanchez-O'Brien Oil)
$520 million
$240 million
4. The family of
4. Arturo Torres
Reginald Lewis
(Pizza Hut franchiser)
(Late CEO of TLC Beatrice) $190
million
$430 million
5. Catherine Hughes
5. Alex Rodrigruez
and family
(Baseball Player)
(Founder of Radio One)
$163 Million
$420 million
The richest women list will be published in September of 2002. It
took 10 months to gather and review information for these lists. For
valuations of shareholders of public companies, we mainly relied on
proxy statements, insider-trading documents, and where relevant we
subtracted the tax rate from sales of shares.
The valuations for private company shareholders had many thorny
valuation issues that concerned illiquidity of assets and confidential
shareholder interest records. We relied on our own financial
researchers and independent consultants with backgrounds in valuing
private companies as well as athletes and entertainers.
The rich lists are apart of the marketing effort to enhance the
images of successful women, Latinos, and Blacks and encourage these
investment groups to learn more about personal finance. "We are
interested in making sure that all Americans are pushing ahead in
their career and their nest egg," said Dora Thomas, co-founder of
Black Fortune Magazine.
Niche Lab is a private venture capital group. It was founded in
June of 2001. The group financed Int'l Multimedia Software and Latino
Money, Black Fortune, Women's Money, and Smarter Retirement Planning
Magazine. The publications have attracted some interest from financial
service firms such as Charles Schwab looking to increase their brand
awareness among minority investors.
For further information, contact: Sheila Nevins at Niche Lab
Capital Group, +1-516-292-2438,
sheilanevins@yahoo.com
Source: Niche Lab
Contact: Sheila Nevins at Niche Lab Capital Group, +1-516-292-2438,
or
sheilanevins@yahoo.com
###
