Essence Fest 2026 recap, Trump Accounts are officially live, and Anthropic just made a $150M nonprofit play. We break down what it means for your wallet and your business.
Full description:
In this week’s mini-episode of Rich Takes, Sheena and Sevetri are breaking down the massive cultural, financial, and tech shifts happening right now.
First up, we just wrapped up Essence Fest in New Orleans, and the crowds were unmatched—despite what social media predicted. From the absolute chaos and “freebie entitlement” at the Beautycon lines to the massive debate over whether Essence will leave NOLA for cities like Atlanta or Detroit, we give you the real boots-on-the-ground reality. (Plus, we fact-check whether the NFL Draft actually outdrew Essence Fest).
Then it's straight to the money talk: Trump Accounts are officially live as of July 4th, 2026. We break down exactly who qualifies for the $1,000 government seed deposit, how the Dell Foundation's extra $250 gift works, and why "get your money" is the only take that matters, regardless of the name on the account.
Finally, we dig into Anthropic's $150M fellowship commitment placing 1,000 paid fellows inside 400 nonprofits, and why this quiet, enterprise-first strategy might be the smartest move in AI right now.
Culture. Money moves. Business strategy. This is Rich Takes.
Rich Lessons is on a brief summer hiatus, but we are keeping the heat coming every Thursday with Rich Takes! Stay cool, stay locked in, and stay rich.
⏱️ Timestamps / What We Cover:
- Essence Fest Recap: The Beautycon long lines, VIP ticket worth, and standing in line for freebies.
- Is Essence Fest moving to Detroit or Atlanta? The economic impact vs. the NFL draft.
- What are Trump Accounts? How to claim $1,000+ in free government seed money for your kid’s future.
- Anthropic’s $150M AI Fellowship: Why invading the non-profit sector is a genius business move.
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