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Wealth Disparities Among African Americans

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The impact of Black entrepreneurship on the wealth disparities that exist between African Americans and White Americans, and examine ways that we can narrow the racial wealth gap. This report uses IRS Department of Statistics of Income Tax Stats to calculate figures based on the Personal Wealth of Top Wealth holders with Net Worth of $1 Million or More in 2001 by state, to test the relationship between wealth and average income. When using the Empirical Limit Profit Model of Wealth, the findings concluded that there is a significant relationship between wealth and income. Therefore, African American entrepreneurs have higher levels of income which builds higher wealth accumulation in comparison to the working class, which is consistent with

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