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Black Fortunes: The Story of the First Six African Americans Who Escaped Slavery and Became Millionaires, by Shomari Wills

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Review

“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)“Shomari Wills captures six African Americans who did the improbable, who somehow escaped slavery, someway evaded racist traps, and by some means arrived and remained at wealth. Black Fortunes is as astonishing and rich as the lives of the first Black millionaires it chronicles.” (Ibram X. Kendi, National Book Award-winning Author of Stamped from the Beginning)“[An] engaging profile of the first African Americans to become millionaires… Black Fortunes provides necessary context to [their] achievements and as such is a significant addition to our ever-evolving understanding of collective history.” (Washington Post)“[A] history-rich book.” (Ebony)“The history mined in Black Fortunes will come as a revelation to many who will be shocked to learn that there was a black wealth class immediately after slavery….a classic story of black resilience and the determination to upend a racist social order in the most meaningful, quantifiable way, but it’s also a cautionary tale about the unique challenges African Americas face in trying to build and sustain wealth.” (Black Enterprise)“Incredible stories of six self-made African-American millionaires…This highly readable group biography illustrates the ways those early millionaires ‘survived assassination attempts, lynchings, frivolous lawsuits, and criminal cases’ and, in doing so, paved the way for Oprah, Beyoncé, and Jay-Z.” (Publishers Weekly)“Written in a straightforward style…it will appeal to general readers.” (Library Journal)“Fascinating… Wills’ storytelling is infectious, his subjects are irresistible, and his broad coverage invites readers to venture further into the events and historical context he so vividly introduces.” (Booklist)“The stories of black success against all odds will motivate entrepreneurs for generations to come.” (Tallahassee Democrat)“Imagine the irony of having been born enslaved, and elevated to millionaire status. These millionaires made their fortunes through hard work, guile, luck, and uncanny entrepreneurial acumen. They accumulated wealth against all odds, clearing the hurdles of custom, law, and racial hostility. Wills shares little-known details about these rich and absorbing lives, and gives these millionaires a dimensionality that some history ignores. A really good read!” (Julianne Malveaux, Economist and Author of Surviving and Thriving: 365 Facts in Black Economic History)

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From the Back Cover

Immediately following Emancipation, there were 4,047 millionaires in the United States—and six of them were African American. Between 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 Rushwealth 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 property 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 schoolteacher O. W. Gurley developed a piece of Tulsa, Oklahoma, into a “town” for wealthy black professionals and craftsmen that would become known as “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.

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Product details

Hardcover: 320 pages

Publisher: Amistad (January 30, 2018)

Language: English

ISBN-10: 0062437593

ISBN-13: 978-0062437594

Product Dimensions:

5.5 x 1.1 x 8.2 inches

Shipping Weight: 15.2 ounces (View shipping rates and policies)

Average Customer Review:

4.7 out of 5 stars

70 customer reviews

Amazon Best Sellers Rank:

#14,825 in Books (See Top 100 in Books)

The book is interesting to read, but it is hard to trust a book that claims to be history but contains glaring and easily-researched errors, and almost no footnotes. Two errors: the author speaks of a character living near the Virginia-West Virginia border in the 1850s, but West Virginia did not exist until 1863. There was no state border and Harpers Ferry was in Virginia, not West Virginia. Then he says Senator Blanche Bruce died in 1883, when Bruce did not die until 1898. Sloppy. Nevertheless, the characters are interesting and the stories well worth reading for more depth in Black American history.

Excellent book. These are great stories. Author did and excellent job of bring this book to life. We need more books like!!!

A well-written work, Shomari Wills uses solid research and great storytelling to uncover the hidden truth of remarkable African American entrepreneurs that accumulated wealth while navigating treacherous social, political, psychological barriers, physical violence and personal shortcomings. The story of black wealth and all the ways that white racism fights against it is not taught in schools. The story of Indians owning slaves and fighting with the Confederacy to maintain slavery and battle against U.S. intentions to steal Indian lands is not taught in schools. Wills reveals truths that are not commonly known when among African American historians (Madame C.J. Walker was not actually a millionaire, nor as financially successful as her mentor, for example, or that Greenwood was rebuilt after it was destroyed by the white racist mobs. This is s fascinating read. Wills forced a more nuanced understanding of the role of black wealth in dismantling white supremacy in a capitalist society.

First of all, shame on the American school system for not teaching black people ALL about their history. Noooo we as black people only learned about slavery and some minor things that only represent a very small percentage of our heritage. Why am I 43 and just now learning about these African American millionaires from the 1800's? I guess our part and contribution in American history is not important. Well thank God for books like this. I am not even finished with it, but had to review it already. I was telling my 21 yr old daughter about it. She's excited to read it when I'm finished. I will order one for my son in another state. Shame on the American school system only teaching HIStory (HIS STORY)

This book tells the stories of six entrepreneurs born into slavery and Jim Crow but became millionaires despite their black identity. Not only did they create great wealth for themselves, they pioneered industries and built cities during their lifetime.Here are my top five takeaways from the book:1. Creating wealth is not a special talent, it is a discipline, the discipline to save money - Cash they say is king. When opportunities knock (and they always do), be sure to bring plenty of it to the door. So, always have liquid cash in bank!2. Purpose precedes fortune – their mission in the business world was simple. To empower as many people of color as they can with the opportunities they’ve been given. So, discover THE WHY behind your pursuit of wealth!3. The family unit is where true wealth starts and sadly ends – they all either attained greater levels of financial success or lost it all largely because of the choice of their spouses. So, choose wisely!4. Crises are wealth in disguise – if they had any special talent that will be this, understanding - that crises are cyclic, they come and go, and leave wealth making opportunities behind. So, embrace your current crisis!5. If cash is king, succession is the key to the kingdom – while their legacy today is clear, unfortunately the wealth they created did not outlive any one of them. The fortitude and grit needed to create the wealth, became waned or too little to continue the fight needed to preserve it for the next generation. So, think generationally!

I loved the details and events expressed in this book. It documented major moves in history. It was both inspiring and enlightening. A must read for all African- Americans who are in pursuit of accomplishing their own dreams.

Excellent book. I would highly recommend it. It show the importance of having self confidence and being willing to adapt to changing circumstances. The book is well written to capture the interest of the reader. It also demonstrates how far we have come over the last 150 years for Americans and 180 years for the British colonies. It is highly recommended on my list of books to read. it would be of value to persons of all races. Demonstrates how unkind and barbaric racism is, in a very engaging read.

Excellent book of history....every black person should know about their ancestors profiled in this writing. It shows why and how the wealth of blacks today are on top....while illuminating their negligence of not investing back into our businesses, community infrastructure and institution building. If Opra, and a dozen other black elite wealthy folk pooled together even just one-eighth of their money to invest in financial and learning institutions established for black people, the wealth gap would diminish within one generation.

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