BET Network's Kimberly Evans Paige Discusses Importance of Financial Acumen in Backing NKSFB Sports Wealth Summit

BET Network’s Kimberly Evans Paige Discusses Importance of Financial Acumen in Backing NKSFB Sports Wealth Summit

BET Network’s Kimberly Evans Paige Discusses Importance of Financial Acumen in Backing NKSFB Sports Wealth Summit

Last summer’s inaugural NKSFB Sports Wealth Summit, which took place in Aspen, Colorado was so successful that the second iteration is taking place this week (Feb. 23- Feb. 25) in Miami, Florida. Kimberly Evans Paige, EVP & Chief Marketing Officer of BET Networks was so impressed with what the summit could become, sponsored the summit, and is doing so again.

Not only is she behind the inner workings of the conference, but she is also heading a special Women’s Empowerment Forum.  The purpose of this newly-added spectrum is geared for the equally influential wives and mothers of the world-class athletes who will be in attendance.

BLACK ENTERPRISE got an opportunity to speak to Paige to discuss her participation in the summit, her thoughts behind why it is needed and her thoughts on athletes being financially solvent.

You attended last year’s Wealth Summit in Aspen, Colorado as well as sponsored it. What factored into the decision to be a part of this very essential summit for athletes?

Like Craig Brown, I am personally and professionally committed to changing outcomes for the Black community.  Within three minutes of hearing his vision for the Wealth Summit, I knew it was something that was meaningful and deserving of my time and resources.

How important was it to have BET involved and where do you see the success of the summit headed?

At BET, we have always had a dual mission.

1) To provide compelling content and experiences that represent the fullness of the Black experience and

2) Change outcomes for the Black community.  42 years ago, Bob Johnson created BET as a space and agency where we could be seen, celebrated and empowered to create our own narratives.  This mission still holds true today and we are even more committed to our brand purpose which is to advance Black Love, Joy, Pride and Power.  Economic security, independence and wealth needs to be talked about early and often and we are committed to leveraging our scale as the #1 Black Media brand in the world to start, participate and fuel these much-needed discussions, and provide support/programs.

What would you like to see in the span of five, ten years?

I’d like to see financial acumen as a norm among our community and we no longer have the staggering statistics that we have today as it relates to economic insecurity.  I’d also like to see Black athlete statistics take a sharp upside turn and they see their entry/exit from the league as a launching pad for true generational wealth.

NKSFB Sports has added a Women’s Retreat to the upcoming Miami Wealth Summit and you’re participating. What is the purpose of this retreat and what do you anticipate happening?

Financial discussions are even fewer among Black women, so I am excited about this group of amazing women coming together to talk about wealth, wellness and the power of investing early and starting businesses.  Who knows, maybe we’ll have some of the attendees decide to go into business together!

Black women have made strides in the entertainment and the sports world but still lag behind in comparison to everyone else. What do you think it will take in order for more Black women to be in better positions of power?

Black women clearly are smart, natural leaders and generally more successful entrepreneurs.  Opportunities, access to capital and expertise and more invitations to rooms like “She Got Next” are needed.

For people who look up to you and what you have accomplished, what advice would you give to help them pursue their passion on the way to becoming successful in their field?

Be confident in your skills and the value you bring to the business.  As a Black woman, if you are in the room, you are probably beyond qualified.

Additionally, be a lifelong student, have an insatiable curiosity, be viewed as a high performer with integrity and build meaningful, not transactional relationships.

BET Network’s Kimberly Evans Paige Discusses Importance of Financial Acumen in Backing NKSFB Sports Wealth Summit

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