03.10.2021

Exclusive: Goldman Sachs Invests $10 Billion In New 'One Million Black Women' Initiative

Exclusive: Goldman Sachs Invests $10 Billion In New 'One Million Black Women' Initiative Photo Courtesy Essence

With the largest ever investment to focus exclusively on Black women, the financial giant aims to narrow opportunity gaps and contribute to the advancement of racial equity

by Kimberly Wilson | March 9, 2021

In 1962, Malcolm X said, “The most neglected person in America is the Black woman.” Now, almost 60 years later that statement unfortunately still rings true for millions of Black women across the country. Despite being the fastest-growing group of entrepreneurs in the U.S., more educated than any other group by percentage of degrees earned, 81 percent of the breadwinners driving their families’ economic security and the community leaders working for justice at the intersection of racism and sexism, Black women have not been commensurately acknowledged, appreciated or rewarded for their contributions. Still today, for example, despite their achievements, Black women make 63 cents for every dollar paid to White, non-Hispanic men.

For the full story, visit Essence.com/News/Money-Career.