Black Fortunes

The Story of the First Six African Americans Who Escaped Slavery and Became Millionaires

By: Shomari Wills

Narrated by: Ron Butler

The astonishing untold history of America’s first black millionaires—former slaves who endured incredible challenges to amass and maintain their wealth for a century, from the Jacksonian period to the Roaring Twenties—self-made entrepreneurs whose unknown success mirrored that of American business heroes such as Henry Ford, John D. Rockefeller, and Thomas Edison.

While Oprah Winfrey, Jay-Z, Beyoncé, Michael Jordan, and Will Smith are among the estimated 35,000 black millionaires in the nation today, these famous celebrities were not the first blacks to reach the storied one percent. Between the years of 1830 and 1927, as the last generation of blacks born into slavery was reaching maturity, a small group of smart, tenacious, and daring men and women broke new ground to attain the highest levels of financial success.

Black Fortunes is an intriguing look at these remarkable individuals, including Napoleon Bonaparte Drew—author Shomari Wills’ great-great-great-grandfather—the first black man in Powhatan County (contemporary Richmond) to own property in post-Civil War Virginia. His achievements were matched by five other unknown black entrepreneurs including:

• Mary Ellen Pleasant, who used her Gold Rush wealth to further the cause of abolitionist John Brown;
• Robert Reed Church, who became the largest landowner in Tennessee;
• Hannah Elias, the mistress of a New York City millionaire, who used the land her lover gave her to build an empire in Harlem;
• Orphan and self-taught chemist Annie Turnbo-Malone, who developed the first national brand of hair care products;
• Madam C. J Walker, Turnbo-Malone’s employee who would earn the nickname America’s "first female black millionaire;"
• Mississippi school teacher O. W. Gurley, who developed a piece of Tulsa, Oklahoma, into a "town" for wealthy black professionals and craftsmen" that would become known as "the Black Wall Street."

A fresh, little-known chapter in the nation’s story—A blend of Hidden Figures, Titan, and The Tycoons—Black Fortunes illuminates the birth of the black business titan and the emergence of the black marketplace in America as never before.

I learned a lot!

it is hear to see real stories about the African-American experience. I am going to do more research.

Great story telling

This was a well written, thoughtful and informative book, not only about black wealth, but the people and circumstances attached. If the story of Annie Malone is true, we need to make the edits in history to give that woman and her legacy due credit add its only fair.

Great book

Excellent book should be a text book or reading assignment in grade school. These people made it what’s stopping us?

Eye opening (and timely given race riots)

starts out as a borrowing recitation of some facts , but eventually gives some colorful context around how the first generation (right after slavery) of blacks were able to generate considerable wealth and the massive issues they had, with violence, deliberate sabotage, legal and social systems built to restrict progress ..also how ones beginning social position even for a slave (having a white father or lover) can be the difference in success.

Much needed history on black wealth in America

This information is crucial for black wealth in America. We must continue to learn from the past in order to not repeat it!