What rapper owns a bank?
Michael Render, professionally known as the prominent activist and rap artist Killer Mike, co-founded Greenwood, a digital banking platform and financial technology company created specifically to support Black and Latino individuals, business owners, and communities. Partnering with civil rights icon Andrew Young and media executive Ryan Glover, the rapper helped establish the digital platform to recycle wealth within minority communities and expand access to equitable financial services.
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Jay Z and other high-profile ultra-wealthy entrepreneurs typically manage their extensive corporate holdings, liquid capital, and investment portfolios through elite private wealth management divisions of major global financial institutions.
Cash App is a popular financial technology platform rather than a chartered traditional bank, but it partners with regulated FDIC-insured depository institutions to issue its debit cards and hold customer balances.