Black Fortunes

Black Fortunes

Author: Shomari Wills

Publisher: HarperCollins

Published: 2018-01-30

Total Pages: 197

ISBN-13: 0062437542

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“By telling the little-known stories of six pioneering African American entrepreneurs, Black Fortunes makes a worthy contribution to black history, to business history, and to American history.”—Margot Lee Shetterly, New York Times Bestselling author of Hidden Figures Between the years of 1830 and 1927, as the last generation of blacks born into slavery was reaching maturity, a small group of industrious, tenacious, and daring men and women broke new ground to attain the highest levels of financial success. Mary Ellen Pleasant, used her Gold Rush wealth to further the cause of abolitionist John Brown. Robert Reed Church, became the largest landowner in Tennessee. Hannah Elias, the mistress of a New York City millionaire, used the land her lover gave her to build an empire in Harlem. Orphan and self-taught chemist Annie Turnbo-Malone, developed the first national brand of hair care products. Mississippi school teacher O. W. Gurley, developed a piece of Tulsa, Oklahoma, into a “town” for wealthy black professionals and craftsmen that would become known as “the Black Wall Street.” Although Madam C. J Walker was given the title of America’s first female black millionaire, she was not. She was the first, however, to flaunt and openly claim her wealth—a dangerous and revolutionary act. Nearly all the unforgettable personalities in this amazing collection were often attacked, demonized, or swindled out of their wealth. Black Fortunes illuminates as never before the birth of the black business titan.


The Wealth Choice

The Wealth Choice

Author: Dennis Kimbro

Publisher: St. Martin's Press

Published: 2013-02-19

Total Pages: 304

ISBN-13: 1137324139

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It's no secret that these hard times have been even harder for the Black community. Approximately 35 percent of African Americans had no measurable assets in 2009, and 24 percent of these same households had only a motor vehicle. Dennis Kimbro, observing how the weight of the continuing housing and credit crises disproportionately impacts the African-American community, takes a sharp look at a carefully cultivated group of individuals who've scaled the heights of success and how others can emulate them. Based on a seven year study of 1,000 of the wealthiest African Americans, The Wealth Choice offers a trove of sound and surprising advice about climbing the economic ladder, even when the odds seem stacked against you. Readers will learn about how business leaders, entrepreneurs, and celebrities like Bob Johnson, Spike Lee, L. A. Reid, Herman Cain, T. D. Jakes and Tyrese Gibson found their paths to wealth; what they did or didn't learn about money early on; what they had to sacrifice to get to the top; and the role of discipline in managing their success. Through these stories, which include men and women at every stage of life and in every industry, Dennis Kimbro shows readers how to: · Develop a wealth-generating mindset and habits · Commit to lifelong learning · Craft goals that match your passion · Make short-term sacrifices for long-term gain · Take calculated risks when opportunity presents itself


Black Titan

Black Titan

Author: Carol Jenkins

Publisher: One World

Published: 2009-04-02

Total Pages: 338

ISBN-13: 0307514544

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The grandson of slaves, born into poverty in 1892 in the Deep South, A. G. Gaston died more than a century later with a fortune worth well over $130 million and a business empire spanning communications, real estate, and insurance. Gaston was, by any measure, a heroic figure whose wealth and influence bore comparison to J. P. Morgan and Andrew Carnegie. Here, for the first time, is the story of the life of this extraordinary pioneer, told by his niece and grandniece, the award-winning television journalist Carol Jenkins and her daughter Elizabeth Gardner Hines. Born at a time when the bitter legacy of slavery and Reconstruction still poisoned the lives of black Americans, Gaston was determined to make a difference for himself and his people. His first job, after serving in the celebrated all-black regiment during World War I, bound him to the near-slavery of an Alabama coal mine—but even here Gaston saw not only hope but opportunity. He launched a business selling lunches to fellow miners, soon established a rudimentary bank—and from then on there was no stopping him. A kind of black Horatio Alger, Gaston let a single, powerful question be his guide: What do our people need now? His success flowed from an uncanny genius for knowing the answer. Combining rich family lore with a deep knowledge of American social and economic history, Carol Jenkins and Elizabeth Hines unfold Gaston’s success story against the backdrop of a century of crushing racial hatred and bigotry. Gaston not only survived the hardships of being black during the Depression, he flourished, and by the 1950s he was ruling a Birmingham-based business empire. When the movement for civil rights swept through the South in the late 1950s and early 1960s, Gaston provided critical financial support to many activists. At the time of his death in 1996, A. G. Gaston was one of the wealthiest black men in America, if not the wealthiest. But his legacy extended far beyond the monetary. He was a man who had proved it was possible to overcome staggering odds and make a place for himself as a leader, a captain of industry, and a far-sighted philanthropist. Writing with grace and power, Jenkins and Hines bring their distinguished ancestor fully to life in the pages of this book. Black Titan is the story of a man who created his own future—and in the process, blazed a future for all black businesspeople in America.


Prince of Darkness

Prince of Darkness

Author: Shane White

Publisher: Macmillan + ORM

Published: 2015-10-13

Total Pages: 348

ISBN-13: 1466880716

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“A well-told, stereotype-busting tale about a nineteenth century black financier who dared to be larger than life, and got away with it!” —Elizabeth Dowling Taylor, New York Times–bestselling author In the middle decades of the nineteenth century Jeremiah G. Hamilton was a well-known figure on Wall Street. Cornelius Vanderbilt, America’s first tycoon, came to respect, grudgingly, his one-time opponent. Their rivalry even made it into Vanderbilt’s obituary. What Vanderbilt’s obituary failed to mention, perhaps as contemporaries already knew it well, was that Hamilton was African American. Hamilton, although his origins were lowly, possibly slave, was reportedly the richest black man in the United States, possessing a fortune of $2 million, or in excess of two hundred and $50 million in today’s currency. In Prince of Darkness, a groundbreaking and vivid account, eminent historian Shane White reveals the larger than life story of a man who defied every convention of his time. He wheeled and dealed in the lily-white business world, he married a white woman, he bought a mansion in rural New Jersey, he owned railroad stock on trains he was not legally allowed to ride, and generally set his white contemporaries teeth on edge when he wasn’t just plain outsmarting them. An important contribution to American history, Hamilton’s life offers a way into considering, from the unusual perspective of a black man, subjects that are usually seen as being quintessentially white, totally segregated from the African American past. “If this Hamilton were around today, he might have his own reality TV show or be a candidate for president . . . An interesting look at old New York, race relations, and high finance.” —New York Post


Searching for Sarah Rector

Searching for Sarah Rector

Author: Tonya Bolden

Publisher: Abrams

Published: 2014-01-07

Total Pages: 84

ISBN-13: 1613125313

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The incredible and little-known story of Sarah Rector, once the wealthiest Black woman in America, from Coretta Scott King Honor Award winner Tonya Bolden Searching for Sarah Rector brings to light the intriguing mystery of Sarah Rector, who was born into an impoverished family in 1902 in Indian Territory and later was famously hailed by the Chicago Defender as “the wealthiest colored girl in the world.” Author Tonya Bolden sets Rector’s rags-to-riches tale against the backdrop of American history, including the creation of Indian Territory; the making of Oklahoma, with its Black towns and boomtowns; and the wild behavior of many greedy and corrupt adults. At the age of eleven, Sarah was a very rich young girl. Even so, she was powerless . . . helpless in the whirlwind of drama—and danger—that swirled around her. Then one day word came that she had disappeared. This is her story, and the story of other children like her, filled with ups and downs, bizarre goings-on, and a heap of crimes. Out of a trove of primary documents, including court and census records, as well as interviews with family members, Bolden painstakingly pieces together the events of Sarah’s life.


The Black Russian

The Black Russian

Author: Vladimir Alexandrov

Publisher: Open Road + Grove/Atlantic

Published: 2013-03-05

Total Pages: 321

ISBN-13: 0802193765

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The “altogether astonishing” true story of a black American finding fame and fortune in Moscow and Constantinople at the turn of the 20th century (Booklist, starred review). The Black Russian tells the true story of Frederick Bruce Thomas, a man born in 1872 to former slaves who became prosperous farmers in Mississippi. But when his father was murdered, Frederick left the South to work as a waiter in Chicago and Brooklyn. Seeking greater freedom, he traveled to London, then crisscrossed Europe, and—in a highly unusual choice for a black American at the time—went to Russia. Because he found no color line there, Frederick settled in Moscow, becoming a rich and famous owner of variety theaters and restaurants. When the Bolshevik Revolution ruined him, he barely escaped to Constantinople, where he made another fortune by opening celebrated nightclubs as the “Sultan of Jazz.” Though Frederick reached extraordinary heights, the long arm of American racism, the xenophobia of the new Turkish Republic, and Frederick’s own extravagance brought his life to a sad close, landing him in debtor’s prison, where he died a forgotten man in 1928. “In his assiduously researched, prodigiously descriptive, fluently analytical” narrative (Booklist, starred review), Alexandrov delivers “a tale . . . so colourful and improbable that it reads more like a novel than a work of historical biography.” (The Literary Review). “[An] extraordinary story . . . [interpreted] with great sensitivity.” —The New York Review of Books


The Strange Career of William Ellis: The Texas Slave Who Became a Mexican Millionaire

The Strange Career of William Ellis: The Texas Slave Who Became a Mexican Millionaire

Author: Karl Jacoby

Publisher: W. W. Norton & Company

Published: 2016-06-13

Total Pages: 387

ISBN-13: 0393253864

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Winner of the Ray Allen Billington Prize and the Phillis Wheatley Book Award "An American 'Odyssey,' the larger-than-life story of a man who travels far in the wake of war and gets by on his adaptability and gift for gab." —Wall Street Journal A black child born on the US-Mexico border in the twilight of slavery, William Ellis inhabited a world divided along ambiguous racial lines. Adopting the name Guillermo Eliseo, he passed as Mexican, transcending racial lines to become fabulously wealthy as a Wall Street banker, diplomat, and owner of scores of mines and haciendas south of the border. In The Strange Career of William Ellis, prize-winning historian Karl Jacoby weaves an astonishing tale of cunning and scandal, offering fresh insights on the history of the Reconstruction era, the US-Mexico border, and the abiding riddle of race in America.


The Hidden Cost of Being African American

The Hidden Cost of Being African American

Author: Thomas M. Shapiro

Publisher:

Published: 2004

Total Pages: 260

ISBN-13: 9780195181388

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Shapiro, the author of "Black Wealth/White Wealth," blends personal stories, interviews, empirical data, and analysis to illuminate how family assets produce dramatic consequences in the everyday lives of ordinary citizens.


Why Should White Guys Have All the Fun?

Why Should White Guys Have All the Fun?

Author: Reginald F. Lewis

Publisher: Black Classic Press

Published: 2005-10

Total Pages: 358

ISBN-13: 9781574780369

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The inspiring story of Reginald Lewis: lawyer, Wall Street wizard, philanthropist--and the wealthiest black man in American history. Based on Lewis's unfinished autobiography, along with scores of interviews with family, friends, and colleagues, this book cuts through the myth and hype to reveal the man behind the legend.


The Original Black Elite

The Original Black Elite

Author: Elizabeth Dowling Taylor

Publisher: HarperCollins

Published: 2017-01-31

Total Pages: 295

ISBN-13: 0062346113

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New York Times–Bestselling Author: “A compelling biography of Daniel Murray and the group the writer-scholar W.E.B. DuBois called ‘The Talented Tenth.’” —Patricia Bell-Scott, National Book Award nominee and author of The Firebrand and the First Lady In this outstanding cultural biography, the author of A Slave in the White House chronicles a critical yet overlooked chapter in American history: the inspiring rise and calculated fall of the black elite, from Emancipation through Reconstruction to the Jim Crow Era—embodied in the experiences of an influential figure of the time: academic, entrepreneur, political activist, and black history pioneer Daniel Murray. In the wake of the Civil War, Daniel Murray, born free and educated in Baltimore, was in the vanguard of Washington, D.C.’s black upper class. Appointed Assistant Librarian at the Library of Congress—at a time when government appointments were the most prestigious positions available for blacks—Murray became wealthy as a construction contractor and married a college-educated socialite. The Murrays’ social circles included some of the first African-American US senators and congressmen, and their children went to Harvard and Cornell. Though Murray and others of his time were primed to assimilate into the cultural fabric as Americans first and people of color second, their prospects were crushed by Jim Crow segregation and the capitulation to white supremacist groups by the government, which turned a blind eye to their unlawful—often murderous—acts. Elizabeth Dowling Taylor traces the rise, fall, and disillusionment of upper-class African Americans, revealing that they were a representation not of hypothetical achievement but what could be realized by African Americans through education and equal opportunities. “Brilliantly researched . . . an emotional story of how race and class have long played a role in determining who succeeds and who fails.” —The New York Times Book Review “Brings insight to the rise and fall of America’s first educated black people.” —Time “Deftly demonstrates how the struggle for racial equality has always been complicated by the thorny issue of class.” —Patricia Bell-Scott, author of The Firebrand and the First Lady “Reads like a sweeping epic.” —Library Journal