Jim Casselberry, Known Source: KnownBlack people in America won their personal freedom 158 years ago.
Veteran portfolio manager Jim Casselberry is trying to do something about that, using his four decades of investing experience to help bridge the gap for people of color and the Indigenous population.
Adrees Latif | ReutersBy now the numbers are painfully familiar: Black people constitute 13% of the population but hold just 4% of the wealth.
The racial gap between whites and Black people is 6 to 1 — better than the 23 to 1 in 1870 after emancipation, but still a massive divide.
Bridging that chasm is part of the mission for Known, an organization that Casselberry co-founded in 2021 with a team of Black, Indigenous, Hispanic and Asian-American co-founders.
Persons:
Jim Casselberry, Casselberry, Juneteenth, General Gordon Granger, Prescylia Mae, Adrees Latif, Brown
Organizations:
Houston, Reuters, Minneapolis Federal Reserve
Locations:
America, U.S, Texas, Reedy, Galveston , Texas, Minneapolis