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HerMoney with Jean Chatzky

Ep 464: Why Black Women Are Opening More Businesses Than Ever

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.81.3K Ratings

🗓️ 26 February 2025

⏱️ 33 minutes

🧾️ Download transcript

Summary

As we close out Black History Month, we wanted to shine a spotlight on one sector of the population we’re truly in awe of: Black female business owners. Although Black women make up less than 10% of the U.S. population, they’ve emerged as the fastest-growing group of entrepreneurs in the country.  Today we’re joined by Tiffany Dufu, president of the Tory Burch Foundation and author of Drop the Ball, to discuss what’s fueling the rise of Black women-owned businesses, the biggest hurdles they face, and how we can all use our purchasing power to support them. Looking for more financial confidence? 🚀 FinanceFixx – Our 4 or 8-week coaching program to get your finances on track! Our next 4-week session starts March 6th, use code SAVENOW for a 15% discount. 📈 InvestingFixx – A club for women ready to grow their wealth. Your first month is completely free. Have a question for us? Write to us (or send us a voice note!) at [email protected]. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So if you can buy direct, if you have the ability to go direct and buy from a black business,

0:07.6

please do that. If you don't have the ability to do that or you can only get access by going into a

0:12.6

store, by all means, go into the store and buy that product off of the shelf because that's still

0:18.8

helping that business, even though you might not agree with the policies or the politics of the larger retail chain.

0:28.6

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0:47.6

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0:49.6

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0:57.8

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1:05.4

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1:06.9

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1:09.2

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1:14.8

month is free.

1:19.8

Hey everyone. Thanks so much for joining us today on Her Money. I'm Gene Chatsky. And as we close

1:25.8

out Black History Month, I wanted to shine a spotlight on one sector of the population that I am, to be honest, in awe of black female business owners.

1:37.4

Because get this.

1:39.2

Black women make up less than 10% of the U.S. population, but they have emerged as the fastest growing group

1:48.2

of entrepreneurs in the country. And in 2025, with the rollback of DEI programs that were

1:54.6

serving to boost minority and women-owned businesses, they need our support more than ever. That's why I am so

2:03.8

excited to welcome Tiffany Dufu back to the show. She is the president of the Tori-Berch Foundation,

2:08.9

which empowers women entrepreneurs by providing access to capital and education. She is also the

2:16.2

author of the amazing and bestselling book,

...

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