A source claimed that Essence Magazine owner Richelieu Dennis was the mystery buyer, but the businessman has not confirmed the news.
Brands like SheaMoisture and Carol's Daughter get called out.
NaturAll Club founder Muhga Eltigani recently became one of about 50 Black women in the country to raise $1 million in venture capital funding.
MVMT50 and the New Voices Fund are giving $100,000 to Black women entrepreneurs.
The mansion where Madam C.J. Walker once lived will possibly be transformed into an incubator for Black women.