The first black millionaire was New Orleans naval merchant William Liedesdorff (Pictured above). Liedesdorff had accumulated enough money from his business to purchase 30,000 acres of land in 1848 in the region of California where the gold rush started in 1849. He became extraordinarily wealthy because of his exceptional business acumen.
Many people believe that Madame C.J. Walker was the first black millionaire. However, Annie Malone, a black millionaire with the most successful black hair care company in the country, gave Walker her start in hair care products in 1903. Mary Ellen Pleasant (pictured above) became the first black female millionaire in the 1850s. She was
Many people believe that Madame C.J. Walker was the first black millionaire. However, Annie Malone, a black millionaire with the most successful black hair care company in the country, gave Walker her start in hair care products in 1903. Mary Ellen Pleasant (pictured above) became the first black female millionaire in the 1850s. She was a free black woman from Massachusetts who moved to California and became wealthy investing in silver and operating hotels in San Francisco.
The Greenwood Section of Tulsa, Oklahoma (pictured above) was an example of a black community that thrived because of entrepreneurship. Many called it "Black Wall Street" because it was considered the richest black community in the country. However, in 1921, white residents attacked Greenwood on the ground with guns and by plane with fi
The Greenwood Section of Tulsa, Oklahoma (pictured above) was an example of a black community that thrived because of entrepreneurship. Many called it "Black Wall Street" because it was considered the richest black community in the country. However, in 1921, white residents attacked Greenwood on the ground with guns and by plane with fire bombs killing hundreds of people simply because they were part of a prosperous black business community.
The first black billionaire in the United States was Bob Johnson, the founder of Black Entertainment Television (BET). He was listed as having a net worth of $1.6 billion on the list of the richest Americans in Forbes Magazine in 2001.
In honor of the countless doctors, lawyers and business owners who lost their lives 100 years ago. BEHOF will induct six prolific leaders and entrepreneurs at the 100 year Anniversary of the Greenwood "Black Wall Street" Massacre. More info coming soon!
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