“I don’t think you can solve anything you don’t want to talk about”: A Q&A with the co-founder of the Black Wealth Club
Why It Matters
Less access to capital and networks has held back Black communities for too long. The resulting wealth gap hurts their economic power and prospects. The Black Wealth Club offers Black professionals a path to build their social and financial wealth, and amplify their impact.
Alexander Sinora, co-founder of the Black Wealth Club, a not-for-profit organization focused on supporting Black leaders across Canada.
Black communities in Canada have long faced systemic and structural hurdles in creating and sustaining wealth. Income inequality, discriminatory housing policies and weak support structures are among the reasons why these communities continue to earn much less than their white counterparts. Over time, this has limited the ability of Black professionals to thrive and thwarted the intergenerational transfer of wealth.
Closing those income and opportunity gaps is central to the work of the Black Wealth Club (BWC), a new program created to help Black communities build and reinvest wealth across the country. Alexander Sinora and Paul Desmarais III founded the club shortly after George Floyd was murdered in Minneapolis in June 2020.
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