"A close examination of wealth in the U.S. finds evidence of staggering racial disparities. At $171,000, the net worth of a typical white family is nearly ten times greater than that of a Black family ($17,150) in 2016."

Source: https://www.brookings.edu/blog/up-front/2020/02/27/examining...

Of course not all black people are poor, but that's a very poor understanding of statistics. Just because a black man became President or there are millionaire black men, doesn't mean that institutional racism is suddenly over or economic equality has been established.