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data on African American consumers
Black Buying Power:
$679 Billion (2004)
Black U.S. Population:
Top Five Black Cities
- New York
Top Five Black Metros:
- New York-New Jersey
- Los Angeles
Top Five Expenditures:
- Housing 110.2 bil.
- Food 53.8 bil.
- Cars/Trucks 28.7 bil.
- Clothing 22.0 bil.
- Health Care 17.9 bil.
Click here for more stats from "The Buying Power of
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Click here to go to African-American Census Bureau
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THE LATEST NEWS
Simon & Schuster to
co-publish hip-hop-themed novels with 50 Cent's G-Unit
(November 16, 2005) Rapper-turned-actor Curtis “50 Cent” Jackson will
be launching a brand new imprint of street fiction called G-Unit Books.
The new line of hip-hop novellas and graphic novels will feature 50's
G-Unit members Lloyd Banks, Tony Yayo, Young Buck and Olivia as
G-Unit Books is a co-production with Simon & Schuster, specifically
Pocket's Louise Burke and MTV Books' Jacob Hoyt (who published 50's
memoir.) The imprint, which includes both novellas and graphic novels,
will launch in 2007 with a novella by Nikki Turner, author of The
Glamorous Life and A Hustler's Wife, will pen the line's first novella.
Pocket/MTV Books promised the venture would showcase "gritty" stories and
cover much of the same terrain as 50 Cent's raps. "These tales will tell
the truth about The Life; the sex, guns and cash; the brutal highs and
short lives of the players on the streets," the publisher said in a press
50's autobiography, From Pieces to Weight: Once Upon a Time in Southside
Queens, spent eight weeks on the New York Times best-seller list and has
sold more than 40,000 copies since its release on Aug. 9, according to
50 Cent has sold over 20 million records worldwide. His record-breaking
debut album Get Rich or Die Tryin' has sold over 12 million units
worldwide, with the largest debut in SoundScan history. While his
sophomore effort, The Massacre, sold over 1.14 million copies in its fi
rst four days of release, he has since become the fi rst artist to have
four songs in the top ten of Billboard's Hot 100 since The Beatles in
His business empire includes: a record label (G-Unit Records, a division
of Interscope Records), apparel/footwear ventures (G-Unit Clothing and
footwear, joint ventures through the Ecko Clothing Company and Reebok,
respectively), vitamin water (Formula 50, through Glacéau's Vitamin
Water), watch line (G-Unit Watches, through Jacob & Co), and a video game
(50 Cent: Bulletproof, through Vivendi Games). His future plans are to
dominate the film and television worlds through two new G-Unit ventures in
film and television...and his most prized project: the nonprofit
organization The G-Unity Foundation, which aims to better the life of
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Annual Edition Available
'Buying Power' report shows black consumers spending more on home life
As the American economy continues to move sluggishly,
African-American households are curtailing their spending in many
categories, including food, clothing and basic household items, while
investing more in home repair, home entertainment and consumer
electronics. Although they are trimming back, black consumers are still
spending more than their white counterparts on most of these products.
According to the newest edition of “The Buying Power of Black America”
report, African-American households are tightening their belts when it
comes to dining out, expanding their wardrobes, and leisure activities out
of the home. At the same time, they are increasing their spending on home
repairs and remodeling, audio and...
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