Earl Graves Sr., who championed black businesses as the founder of the first African American-owned magazine focusing on black entrepreneurs, has died. He was 85.
FILE - This Aug. 17, 1997 file photo shows Earl G. Graves Sr. with his book "How To Succeed In Business Without Being White" in New York. Graves Sr., who championed black businesses as the founder of the first African American-owned magazine focusing on black entrepreneurs, has died. He was 85. His son said Graves died Monday, April 6, 2020.
Graves died Monday after a long battle with Alzheimer’s disease, his son, Earl “Butch” Graves Jr, saidGraves launched his magazine, Black Enterprise, in 1970. He later said his aim was to educate, inspire and uplift his readers. After Kennedy’s assassination in 1968, he moved to found the magazine, which is now headed by his son.
In addition to Black Enterprise, Graves also ran Pepsi-Cola of Washington, D.C., one of the nation’s largest soft-drink distributors owned by African Americans. He sold his stake in the bottler to PepsiCo in 1998.
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