Posted on July 31, 2023

Jaylen Brown Wants to Bring Black Wall Street to Boston After Signing Richest NBA Contract

Wayne Sterling, CNN, July 26, 2023

Two-time NBA All-Star Jaylen Brown signed the richest deal in NBA history on Wednesday: a five-year, $304 million supermax contract extension with the Boston Celtics.

Brown said he wants to bring Black Wall Street to Boston, tackle the “unsettling” wealth disparity in the city and stimulate the overall economy.

“{snip} I want to attack the wealth disparity here. I think there’s analytics that supports that stimulating the wealth gap could actually be something that could be better meant for the entire economy,” Brown said at a news conference at the MIT Media Lab in Cambridge, Massachusetts.

“With the biggest financial deal in NBA history, it makes sense to talk about one year investment in community, but … the wealth disparity here that nobody wants to talk about is top five in the US (and) is something that we can all improve on it. It’s unsettling.

“I think through my platform, through influential partners, through selected leaders, government officials, a lot who are in this room, that we can come together and create new jobs, new resources, new businesses, new ideas that could highlight minorities but also stimulate the economy and the wealth gap at the same time.”

Brown added, “Boston could be a fully integrated self-sufficient hub. I think Boston could be the pilot, not just for wealth disparity here in the US, but also for around the world.”