It was a time in the US when the black people tried to establish themselves in different spheres of life. Unfortunately, during this struggle, they were stopped or harassed by their white counterparts. Despite the reality that slavery was abolished around a century ago, black people were still considered as inferior to white and they were not allowed to take over key positions in public and private offices. It was the white people, who enjoyed all privileges and perks. So, it seems like racism was not just nationalized. Instead, it was a time pass. Lynching was the main tool to suppress black people during 19th century and even till mid-20th century. It was the end of 19th century when black people put their past behind and started to struggle for themselves, their lives, and the future ahead. The insurrection of the year 1898 is an instance of this struggle. Later in the year 1921, the Tulsa massacre was a worst example of racism in the history of the US. During this massacre, hundreds of African Americans were killed. This article is about Top 5 Largest Black-Owned Companies in the US as shared by Insider Monkey.
Hightowers Petroleum Company’s CEO is Stephen L. Hightower. The total revenues of the company have been recorded at $435 million. The company was founded around 58 years ago, in 1982. Currently 52 people are employed at Hightowers Petroleum Company. The company is responsible for distribution of petroleum products. The company started from humble beginnings to a well-established enterprise through determination and dedication. The Hightower family owns this business. Another high-profile business is Urban One, owned by Alfred C. Liggins III. It is headquartered in Silver Spring, Maryland. Urban One is a publishing and broadcasting company. It aims at providing content aimed at the African American community. It was established way back in 1980 and since then, it has become the leading voice speaking to Black America. Urban One is the biggest Black-owned broadcasting corporation in the US. The company owns 53 radio stations, a digital media company, iOne, cable network TV One and a news agency, News One. The total revenue of the company is reported to be $440 million. Currently, Urban One employs 1058 people. These are some of the black-owned companies. You can read more about similar companies at Top 20 Biggest Black Owned Companies in the US.