Monday Notes
This is an edition of Urisocrat Notes, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here.
Juneteenth in Brooklyn: Red Velvet Cake Served With a Side of History
Six Essential Reads to Understand Juneteenth
The Racial Wage Gap Is Shrinking
Pharrell Williams on His New Role at Louis Vuitton
The Curse of the Eighth Pick in the NBA Draft
Michael Jordan Agrees to Sell Majority Stake in Charlotte Hornets
Tracking Africa's billion-dollar companies
Out of the 345 companies in Africa that each generate $1 billion or more in annual revenues, 230 were started in an African country and the founder is often an African, according to a report by McKinsey. South Africa is by far the continent’s leader with 40% of all the billion-dollar revenue companies. Its large companies increased revenues at an average rate of 5.5% a year between 2015 and 2021, while large companies in other countries saw average declines by 1.7% in the same period.