by: Herb Boyd Network Journal

With all the talk about the top 1% of the financial world, did you ever wonder which, if any, African Americans were in that number?   Of course, the familiar names of Oprah and Robert and Shelia Johnson come to mind, but who else is on that list?  It might surprise you that two relatively unknown names are in that number, Quinton Primo, III , and Donahue Peeples.

It may come as no surprise that 7 of the wealthiest Blacks are Baby Boomers and 2 are elders, and one is a Gen-Xer.

Excerpt:

"A list of the ten wealthiest Black Americans reveals only one relatively unknown, Quinton Primo III. Who “be” he? Well, to begin with, he’s worth about $300 million, 55, and made his money in real estate.

A graduate of Harvard University, where he used his finesse on trumpet to help pay his tuition, and later earning a MBA, Primo is a minister’s son who grew up in Chicago. After learning the ropes in real estate lending, he, along with his partner Daryl Carter, founded Capri Capital in 1992.

The business quickly returned profits by lending to small borrowers the larger companies viewed as risks." (Click here to read the full story.)