Earl Gilbert Graves,Sr. is an American entrepreneur, publisher, businessman, and philanthropist. A graduate of Morgan State University, he is the founder of Black Enterprise magazine and chairman of the media company Earl G. Graves, Ltd. Graves is nationally recognized authority on black business development.
In 1972, he was named one of the 10 most outstanding minority businessmen in the country by the president of the United States and received the National Award of Excellence in recognition of his achievements in minority business enterprise. He is also listed in Who’s Who in America and was named one of 200 future leaders of the country by Time magazine in 1974.
Today he is chairman of Earl G. Graves Ltd., parent corporation of Earl G. Graves Publishing Co., publisher of Black Enterprisemagazine—a business-service publication targeted to black professionals, executives, entrepreneurs, and policy makers in the public and private sector. Black Enterprisemagazine has been profitable since its 10th issue and yearly sales are steadily increasing. The magazine has a paid circulation of 500,000 with a readership of approximately 4 million. Since 1997, the magazine has been a five-time recipient of the FOLIO: Editorial Excellence Award in the business/finance consumer magazine category.
In January 2006, Graves named his eldest son, Earl “Butch” Graves, the company’s new chief executive officer. The promotion of Graves Jr. to CEO represents the transition of Earl G. Graves Ltd. to the next generation of leadership. His formal title is president and CEO. Read the rest of this entry