A Black Woman first Female Self Made Millionaire...

5fish

Well-Known Member
Joined
Jul 28, 2019
Messages
20,278
Reaction score
5,997
A Black woman name Madam Walker is considered the first female self made millionaire...


snip...


Madam C.J. Walker (born Sarah Breedlove; December 23, 1867 – May 25, 1919) was an African American entrepreneur, philanthropist, and political and social activist. She is recorded as the first female self-made millionaire in America in the Guinness Book of World Records.[1] Multiple sources mention that although other women (like Mary Ellen Pleasant) might have been the first, their wealth is not as well-documented.[1][2][3] Walker made her fortune by developing and marketing a line of cosmetics and hair care products for black women through the business she founded, Madam C. J. Walker Manufacturing Company. She became known also for her philanthropy and activism. She made financial donations to numerous organizations and became a patron of the arts. Villa Lewaro, Walker's lavish estate in Irvington, New York, served as a social gathering place for the African-American community. At the time of her death, she was considered the wealthiest African-American businesswoman and wealthiest self-made black woman in America.[4] Her name was a version of "Mrs. Charles Joseph Walker," after her third husband.

She is in the Guinness book of world records...


snip... she had competition...

The first woman to earn a personal fortune of more than $1,000,000 is Madam C J Walker (USA; born Sarah Breedlove), whose net worth was estimated to have exceeded $1 million at the time of her death in 1919.

The exact extent of Madam Walker's wealth is hard to ascertain with certainty. She denied that she was a millionaire during her lifetime, but her susbstantial real estate holdings (her property in New York state alone was valued at $700,000 at the time of her death) combined with her controlling interest in a $500,000-a-year firm, bring her estimated net worth to well over $1,000,000. There are other businesswomen who may have hit the million-dollar-mark earlier – including Madam Walker's former employer Annie Turnbo Malone (1869–1957), real-estate magnate Bridget "Biddy" Mason (1818–91) and financier Mary Ellen Pleasant (1814–1904) – but their finances are not nearly as well documented.

Here is this...


snip...

Madam Walker died at her country home in Irvington-on-Hudson on May 25, 1919, at the age of fifty-one, of hypertension. Her plans for her Indianapolis headquarters, the Walker Building, were carried out after her death and completed in 1927. Today, she is remembered as a pioneering Black female entrepreneur who inspired many with her financial independence, business acumen and philanthropy.
 

5fish

Well-Known Member
Joined
Jul 28, 2019
Messages
20,278
Reaction score
5,997
Here is her building she was planning to build and was built after her death...


snip...

The Madam C. J. Walker Building, which houses the Madam Walker Legacy Center, was built in 1927 in the city of Indianapolis, in the U.S. state of Indiana, and as Madam C. J. Walker Manufacturing Company, it was designated a National Historic Landmark in 1991. The four-story, multi-purpose Walker Building was named in honor of Madam C. J. Walker, the African American hair care and beauty products entrepreneur who founded the Madam C. J. Walker Manufacturing Company, and designed by the Indianapolis architectural firm of Rubush & Hunter. The building served as the world headquarters for Walker's company, as well as entertainment, business, and commercial hub along Indiana Avenue for the city's African American community from the 1920s to the 1950s. The historic gathering place and venue for community events and arts and cultural programs were saved from demolition in the 1970s. The restored building, which includes African, Egyptian, and Moorish designs, is one of the few remaining African-Art Deco buildings in the United States. The Walker Building was added to the National Register of Historic Places in 1980.[
 

5fish

Well-Known Member
Joined
Jul 28, 2019
Messages
20,278
Reaction score
5,997
Look what I found a young African-American part Native American millionaire before 20... @diane


Sarah Rector, also known as Sarah Rector Campbell and Sarah Campbell Crawford, (March 3, 1902 – July 22, 1967) was an American oil magnate since childhood. Under the Treaty of 1866, due to birthright as a Black grandchild of Creek Indians born before the American Civil War, she inherited land. It was surprisingly discovered to be oil-rich and produced over US$300 (equivalent to $10,100 in 2024) per day, so she was known as the "Richest Colored Girl in the World"

A movie about it...


Sarah's Oil is an upcoming American biographical drama film regarding Sarah Rector, being directed, co-produced, and co-written by Cyrus Nowrasteh. It is inspired by the 2014 book Searching for Sarah Rector: The Richest Black Girl in America by Tonya Bolden.[1] It stars Zachary Levi, Naya Desir-Johnson, Sonequa Martin-Green, and Garret Dillahunt.
 

5fish

Well-Known Member
Joined
Jul 28, 2019
Messages
20,278
Reaction score
5,997
Sarah Rector story starts at 11 years old and she is considered the first Native American Millionaire. .. Drama


Rector's parents were Black descendants of the Muscogee Creek Nation, and were entitled to land allotments under an 1866 treaty that abolished slavery within tribal lands.

Rector received requests for loans and marriage proposals, even though she was still a pre-teen. Just like the Osage people who inherited oil rights around the same time, some children of Freedmen whose land allotments were found to contain oil were murdered in their sleep, the Washington Post reported.
 
Last edited:

diane

that gal
Joined
Mar 18, 2020
Messages
2,819
Reaction score
3,356
Sarah Rector story starts at 11 years old and she is considered the first Native American Millionaire. .. Drama


Rector's parents were Black descendants of the Muscogee Creek Nation, and were entitled to land allotments under an 1866 treaty that abolished slavery within tribal lands.

Rector received requests for loans and marriage proposals, even though she was still a pre-teen. Just like the Osage people who inherited oil rights around the same time, some children of Freedmen whose land allotments were found to contain oil were murdered in their sleep, the Washington Post reported.
Getting rich as a black Native female did not bode a long life last century! That was one of the ironic things about dumping all the Southeast people in barren Oklahoma so the farm land would come up...they were dumped on all the oil in the country!
 
Top