February 28, 2024

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These are the 10 largest black-owned companies in the United States

These are the 10 largest black-owned companies in the United States

About six in 10 Black adults say supporting Black businesses is essential A very or extremely effective strategy In order to achieve movement toward equality in the United States, According to a survey conducted by the Pew Research Center.

While the number of Black-owned businesses in the United States has increased in the past few years, Black business owners represent only 2.4% of all business owners, while Black Americans make up about 12.4% of the country's population. This disproportionate representation of business owners goes in the opposite direction for white Americans, who make up a majority (86%) of employed business owners, while representing about 59% of all people living in the United States.

There were an estimated 161,031 Black- or African-American-owned businesses operating in 2022, with annual revenues of $183.3 billion. The number of Black-owned businesses has risen since 2020, when there were an estimated 140,918 businesses in operation.