LeBron James’ Media Company to Teach the History Behind Wealth Disparity

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Mural commemorating Black Wall Street in the Greenwood section of Tulsa, Oklahoma, that was destroyed in a 1921 massacre.

Mural commemorating Black Wall Street in the Greenwood section of Tulsa, Oklahoma, that was destroyed in a 1921 massacre.
Image: Getty Images

The country is slowly turning over a new leaf, one that will hopefully lead to a racially conscious society that uncovers stories like Black Wall Street and the Rosewood Massacre, which show the sad fate many Black Americans stood in the face of hate while creating wealth. It remains important that these stories be told by the descendants of those whose lives were uprooted and devastated.

It was announced Thursday that LeBron James and Maverick Carter’s media outlet SpringHill Entertainment Company has raised $100 million dollars that will fulfill its mission of “unapologetic agenda: a maker and distributor of all kinds of content that will give a voice to creators and consumers who’ve been pandered to, ignored, or underserved.”

Sixty-four percent of James’ company are people of color and 40 percent are women, which far exceeds the progress of the racial demographics of most media outlets.

Earlier this month, James announced that he is also working on a Black Wall Street documentary to tell the story of how a White mob decimated the Greenwood district in Northwest Tulsa. It was also reported that Russell Westbrook is working on Black Wall Street film, Terror in Tulsa, set to release next year.

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In light of the current racial awakening the country is going through,Thursday an announcement rolled out that New Orleans Saints safety Malcolm Jenkins is working on docuseries capturing the history of black wealth in this country; a great segue to explain why the racial wealth gap between black folks has existed and continues to exist.

Political policies coupled with white hate crimes have been the biggest obstacles to black economic success in the United States, dating back to when all enslaved people were supposed to receive 40 acres and a mule. Once President Abraham Lincoln was assassinated, that promise was no longer on the table. In fact, white folks received those prized possessions instead.

As we all know, during that time the easiest way to stack wealth was land. Just like any investment, the value of that land increased over time. Fast forward to the debilitating Jim Crow era, the New Deal programs, G.I. Bill and many other political policies that completely excluded Black people for the fir

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