It does not matter who controls the shares if a critical resource that a company needs is controlled by other people. Let say I get 50% of my revenue from selling cars in a country, I own that company. I need lithium to build my EV, I control your company if I have this resource.
We have seen this with Ebony, Jet, and other black media companies folding up. It was an issued raised by Byron Allen that many of these companies chose to pay Al Sharpton off rather than do business with these companies.
Since there is a dearth of black business, it should not make a difference.