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(The Network Journal) — A list of the ten wealthiest Black Americans reveals only one relatively unknown, Quinto Primo III. Who be he? Well, to begin with, he’s worth about $300 million, 55, and made his money in real estate.  A graduate of Harvard University, where he used his finesse on trumpet to help pay his tuition, and later earning a MBA, Primo is a minister’s son who grew up in Chicago. After learning the ropes in real estate lending, he, along with his partner Daryl Carter, founded Capri Capital in 1992.  The business quickly returned profits by lending to small borrowers the larger companies viewed as risks.  Capri Capital has a diversity of clients but apartment complexes are at the core of its portfolio. In 2006, the firm shelled out $136 million to acquire ownership of Baldwin Hills Crenshaw Plaza in Los Angeles. A year later, Carter departed, leaving Primo as the chairman and CEO.  Among its key investments is a $2 billion venture to build hotels, office towers, and condos in Saudi Arabia, abutting one of the king’s “economic zones.” Plans are also underway with backing from the U.S. Treasury to launch construction projects in the nation’s distressed areas.

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