Black women are the fastest-growing group of entrepreneurs in the United States, Fortune Magazine reported.
However, Black females typically report average revenues that are less than their White, Latina, and Asian American counterparts. According to the 2019 State of Women-Owned Businesses Report, commissioned by American Express, Black women entrepreneurs earn average revenue of $24,000 per firm.
Although those revenue figures are devastating, it’s not the story of every Black woman-owned business. Many Black women are surpassing revenue barriers, building wealth, and teaching others how to do it.
Here are three Black women who are growing successful businesses and normalizing Black wealth as millionaires in their 20s.