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Closing the Racial Wealth Gap: APB's Wes Moore Discusses New Initiative on CNBC "Squawk Box"

13 Apr 2021

Closing the Racial Wealth Gap: APB's Wes Moore Discusses New Initiative on CNBC "Squawk Box"

APB’s Wes Moore recently joined Goldman Sachs CEO David Solomon on CNBC Squawk Box to discuss NinetyToZero, a new initiative to help close the racial wealth gap. NinetyToZero is the latest corporate action in the past year focused on addressing racial inequality in the U.S. Following the death of George Floyd in police custody last May, many companies announced financial investments in Black communities and organizations, as well as other internal efforts, such as reforming hiring practices.  

“A handful of folks got together and said, ‘We have a coordinated problem that we have to deal with, and the only way we’re going to deal with it is a coordinated solution’,” Robin Hood Foundation CEO Wes Moore said. “The problem we’re trying to solve for was the fact that there is this 10-to-1 racial wealth gap that we have with the United States between Black families and white families,” added Moore, who is set to step down from Robin Hood next month.  

Wes is one of the preeminent voices speaking today on the hard intersections of class, race, education, poverty, health and opportunity. His latest book, Five Days, delves into the aftermath of the infamous death of Freddie Gray in police custody and the fallout in Moore’s home city of Baltimore.  

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