Actor Michael Rainey Jr. he talks openly concerning the financial knowledge his mother gave him.

The “Power Book II: Ghost” star, who most recently plays Tariq James St. within the series. Patrick appeared on Forbes “New Money” podcast, by which he praised his mother for helping him save money from an early age. Rainey was lucky enough to start out his acting profession on the age of 9 after being discovered by a talent agent.

“She literally just walked up to my mom and said, ‘Your son has a great face for acting or modeling. Does he do something like that?” Rainey shared. “And she said, ‘No.’ And then, about a week later, they had a meeting in the office and just started inviting me to auditions.”

After small appearances on “Sesame Street” as a model, Rainey landed her first acting role in 2010 within the film “Un Altro Mondo (Another World).” Four years later, the rising star landed her breakout role as James St.’s eldest child. Patrick, Tariq, in Starz’s “Power.” He was only 13 years old and was earning plenty of money for a supporting role.

But Rainey had no idea how much he was earning thanks to his mother, who took his checks and saved them for a future when he was older and more financially responsible.

“I’ve obviously been working since I was a kid, but my mom has always done a great job of helping me save money since I was a kid,” he said. “I didn’t know what numbers I was looking up until I was 17, 18 years old. My mom really did a good job of saving money for me.”

Rainey continued: “Obviously at a young age, I don’t really know what I want to do with the money. She really did a good job of making sure that most of them were put aside until I got to the age where I thought, “Okay, I can do this with my money.” I can do it with my money.”

Now, at 23, Rainey is sensible and able to manage his own money. Thanks to financial management, which he initially received from his mother, the TV star invested his money in land ownership, Bitcoin and Ethereum.

He also began dabbling in entrepreneurship with his manufacturing company, the Catch 22 restaurant in Jamaica, and owning shares in a dispensary called Herbs Jamaica.

“We are currently moving locations to a larger space and I am very excited about it,” he said about his clinic.

He even has enough to spend on material things that some would consider “dumb purchases,” but Rainey is pleased with the Porsche 911 Turbo S that sits in his driveway. This is an element of his passion for cars, which he plans to make use of in the brand new automotive channel he plans to launch.

“I will be presenting the craziest car designs from around the world,” he said.

Jay-Z’s Marcy Venture Partners (MVP) is reportedly near finalizing a billion-dollar merger with investment firm Pendulum Holdings.

Bloomberg reports that two California-based investment entities are in advanced talks to finalize the transaction to mix net value over $1 billion. Details concerning the merger remain under wraps as sources with the knowledge asked to stay anonymous.

This is a big step for Marcy Ventures since its 2018 launch. Jay-Z co-founded the San Francisco and Los Angeles-based company with former Roc Nation CEO Jay Brown and former Walden VC General Partner Larry Marcus and named it after Marcy Projects from Brooklyn, where he grew up.

“The company’s passion for building innovative businesses and mass brands”, as mentioned in your website, helped her amass a group of “consumer and culture”-focused corporations equivalent to Rihanna’s Savage Fenty, Merit Beauty, Our Place and Babylist. In the food area, MVP supported the producer of vegan chicken nuggets Simulate, the Swedish oat milk producer Oatly, the producer of allergen-free cookies Parttake Foods and Impossible Foods Inc., in addition to Serena Williams and Katy Perry.

There are also huge stakes within the tech space, including a crypto security company, a phone case maker, and an electrical bike maker. Investments so far activate StockX sneaker marketplace and therapeutic tools from Therabody.

“Our companies are led by exceptional leadership teams with clear vision, purpose and execution excellence,” says MVP.

“We lead or co-invest in companies that have significant brand equity, high customer delight from a unique product, demonstrated growth and clear catalysts for achieving the next level of scale.”

A merger with Pendulum would mean that Jay-Z’s MVP can be husband and wife team Robbie and D’Rita Robinson. Robbie has experience working at Goldman Sachs and as a financial advisor to Barack Obama. Pendulum’s holdings include Chinese food brand Fly by Jing Inc., Founders Table Restaurant Group and coworking and warehousing services provider Saltbox.

Pinky Cole Hayes asked for help with a gaggle economic experiment she began to generate $25,000 for a small business.

The Slutty Vegan founder took to Instagram on Friday, May 3, to share a call to motion before taking the stage at Savannah State University to deliver the commencement speech. She followed based on a gaggle economic experiment – she announced to her followers earlier and identified a small business she wanted to give attention to called Mess In A Bottle.

“Just share her video, share that video and go to her website www.messinabottle.com and buy the product,” explains Cole Hayes.

“Our goal is to help her make $25,000 from her business. All it takes is one person to buy a product and the number will continue to grow as long as people continue to support.”

The experiment lasted all weekend and gave the vegan restaurateur a probability to see if her newly launched economic experiment would work. Cole Hayes initiated a project to create a community initiative to combat the closure of Black-owned small businesses.

“The reality is that businesses are closing their doors every day,” she explained. “If we use our cultural capital to keep businesses open, we can literally change the world.”

The businesswoman and philanthropist has made it possible for even those that do not need the financial means to purchase the product to republish the video and help spread the word concerning the economic experiment. This is the newest in Cole Hayes’ long list of giving initiatives he is involved in, whether or not it’s the Pinky Cole Foundation.

As a part of her commencement address at Savannah State University, Cole Hayes gifted $8.9 million to graduates in partnership with Operations Hope and One Million Black Businesses (1MBB). The money is a part of an “Entrepreneur Starter Package” that gives students with mentorship starting at MBB 1, educational mentoring, a free three-month Shopify subscription, and eight weeks of small business training that covers marketing strategy development and financial management.

“I’m obsessed with raising the following generation of leaders and entrepreneurs in our world. I do know firsthand what it means to have a mentor and the way someone who believes in your dreams could make a difference,” said Cole Hayes.

“This graduating class has experienced a lot of adversity. Their college years began with a global pandemic and they faced unprecedented events. Through all this, they have grown and are ready to enter the “real world” with more experience and confidence to face life’s new challenges. I believe in these graduates and hope this gift will help them move on to the next stage of their lives.”