Black Business Month, Black Fortunes

August is National Black Business Month, a time where we bring attention to and support Black-owned businesses and entrepreneurs across America.  

This annual tribute began in 2004 when historian John William Templeton and engineer Fredrick E. Jordan collaborated together in an effort to highlight the historic and economic legacy of Black businesses. During this month we reflect on the long road of Black entrepreneurial achievements and their historical impact on our nation.

The book "Black Fortunes: The Story of the First Six African-Americans Who Survived Slavery and Became Millionaires” offers a fascinating look at the lives and accomplishments of six extraordinary Black Americans who achieved remarkable wealth during the tumultuous post Civil War era.

Through meticulous research and vivid storytelling, author Shomari Wills sheds light on the stories on trailblazing Black business entrepreneurs and their significant contributions to U.S. history.

Throughout the books’ pages, Wills profiles several key figures whose journeys epitomize resilience, innovation, and determination in achieving uncommon success during times of racial upheaval

Mary Ellen Pleasant: Often referred to as the "mother of civil rights in California," Pleasant's strategic business acumen and activism challenged racial norms. She amassed considerable wealth through various ventures, including a successful boarding house and as well as investments in real estate.

Robert Church: Known as the "Black King of Beale Street," Church's entrepreneurial pursuits spanned real estate, entertainment, and politics. He leveraged his influence to uplift the Black community in Memphis, Tennessee and challenge segregation.

Hannah Elias: As the first Black American woman to own and operate a hotel in the United States, Elias's achievements were groundbreaking. Her tenacity in the face of adversity and discrimination paved the way for future generations.

O.W. Gurley: A visionary landowner and developer, Gurley played a pivotal role in establishing the Greenwood District of Tulsa, Oklahoma—often referred to as "Black Wall Street." His efforts showcased the economic potential of Black communities.

Madam C.J. Walker: A true pioneer, Walker's story of creating a successful beauty and hair care business is widely known. Her journey from poverty to becoming one of the wealthiest self-made women of her time illustrates the transformative power of entrepreneurship.

Mississippi native Annie Turnbo Malone: An innovator in the hair care industry, Malone's accomplishments predated Madam C.J. Walker's and included philanthropic efforts focused on education and empowerment.

“Black Fortunes" is a significant book for Black Business Month as it highlights the often-overlooked stories of Black individuals who defied systemic racism and societal barriers to achieve prosperity. The book showcases their determination, resilience, and ability to create pathways of opportunity within a challenging context.

It encourages readers to reflect on the historical achievements of these entrepreneurs and the legacy they’ve left for future generations. Their stories counter stereotypes and amplify the contributions of Black Americans to the nation's economic and cultural fabric. "Black Fortunes" emphasizes the importance of acknowledging and celebrating these pioneers, whose impact continues to resonate today.

As we commemorate Black Business Month, "Black Fortunes" serves as a tribute to the fortitude and ingenuity of Black entrepreneurs, reminding us that economic empowerment is a powerful tool for progress and change. By sharing the stories of these trailblazers, Shomari Wills' book offers a comprehensive and insightful exploration of Black success stories that deserve a prominent place in U.S. history.

Black Books, Black Minds” is a key foundation of my Great Books, Great Minds” passion project. For me, it’s a labor of love fueled by the endless hours of work I put into researching and writing these feature articles. My aim is to ignite a new world of community, connection, and belonging through the rich trove of Black History books, thought leaders, and authors we unearth.

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