1. Investor Robert F. Smith is the richest black man in the country.
2. David Steward built his fortune running an IT service provider that counts Citi, Verizon, and th
3. Oprah Winfrey made a multimilldollfortune from her media empire.
4. Michael Jordan used his success as a basketball player to build a best-selling footwear brand.
5. Jay-Z grew the proceeds from his music career into a billion-dollar fortune with smart investments.
At the age of 16, his military father left his mother to raise him and his two siblings. They lived in homeless shelters, and Amari at one point, had to commute over four hours a day to continue attending high school while also working.
He eventually landed a job with a company where he negotiated significant enterprise contracts. He helped the business grow to annual revenues of $4.5 million, but was let go from a higher rank that he was promised. He said he didn't expect it and it was really a low time in his life, but this inspired him to become a successful entrepreneur.
E.E. Ward Moving & Storage was founded in 1881 and is the oldest Black-owned business in the U.S.
The company, which started as a stop on the Underground Railroad, has now become a respected moving company in the country.
Over the past 139 years, as a small business in Columbus, Ohio, the company has survived the Great Depression, two World Wars, the Great Recession, and 25 presidents..
O.W. Gurley, a wealthy black landowner, purchased 40 acres of land in Tulsa, naming it Greenwood after the town in Mississippi.
The intersection of Greenwood Avenue and Archer St. of Greenwood before the Tulsa Race Massacre.
Courtesy of Tulsa Historical Society & Museum
“Gurley is credited with having the first black business in Greenwood in 1906,” says Hannibal Johnson, author of Black Wall Street: From Riot to Renaissance in Tulsa’s Historic Greenwood District. “He had a vision to create something for black people by black people.”
Gurley started with a boarding house for African Americans. Then word began to spread about opportunities for blacks in Greenwood and they flocked to the district.
“O.W. Gurley would actually loan money to people who wanted to start a business,” says Kristi Williams, vice chair of the African American Affairs Commission in Tulsa. “They actually had a system where someone who wanted to own a business could get help in doing that.”
Other prominent black entrepreneurs followed suit. J.B. Stradford, born into slavery in Kentucky, later becoming a lawyer and activist, moved to Greenwood in 1898. He built a 55-room luxury hotel bearing his name, the largest black-owned hotel in the country. An outspoken businessman, Stradford believed that blacks had a better chance of economic progress if they pooled their resources.
A.J. Smitherman, a publisher whose family moved to Indian Territory in the 1890s, founded the Tulsa Star, a black newspaper headquartered in Greenwood that became instrumental in establishing the district’s socially-conscious mindset. The newspaper regularly informed African Americans about their legal rights and any court rulings or legislation that were beneficial or harmful to their community.
Demands for equal rights were an ongoing mission for blacks in Tulsa despite Jim Crow oppression. Greenwood itself had a railway track running through it that separated the black and white populations. Consequently, Gurley and Stradford’s vision of having a self-contained and self-reliant black economy came to be not only by desire but by logistics.
“As a practical matter they had no choice as to where to locate their businesses,” said Johnson. “Tulsa was rigidly segregated, and Oklahoma became increasingly racist after statehood.”
On Greenwood Avenue, there were luxury shops, restaurants, grocery stores, hotels, jewelry and clothing stories, movie theaters, barbershops and salons, a library, pool halls, nightclubs and offices for doctors, lawyers and dentists. Greenwood also had its own school system, post office, a savings and loan bank, hospital, and bus and taxi service.
Greenwood was home to far less affluent African Americans as well. A significant number still worked in menial jobs, such as janitors, dishwashers, porters, and domestics. The money they earned outside of Greenwood was spent within the district.
“It is said within Greenwood every dollar would change hands 19 times before it left the community,” said Place.
A man with a camera looking at the skeletons of iron beds which rise above the ashes of a burned-out block after the Tulsa Race Riot, 1921.
Oklahoma Historical Society/Getty Images
It wasn’t long before the affluent African Americans attracted the attention of local white residents, who resented the upscale lifestyle of people they deemed to be an inferior race.
“I think the word jealousy is certainly appropriate during this time,” says Place. “If you have particularly poor whites who are looking at this prosperous community who have large homes, fine furniture, crystals, china, linens, etc., the reaction is ‘they don't deserve that.”
With the resurgence of the Ku Klux Klan, blacks in Greenwood feared racial violence and the removal of their voting rights. The Oklahoma Supreme Court for years routinely upheld the state’s restrictions on voting access for African Americans, subjecting them to the poll tax and literacy tests. And lynchings proliferated across the country, particularly during the Red Summer of 1919, where anti-black riots erupted in major cities across the United States, including Tulsa.
In response, The Tulsa Star encouraged blacks to take up arms and to show up at courthouses and jails to make sure blacks who were on trial were not taken and killed by white lynch mobs.
But the heightened racial animosity in Tulsa erupted in 1921 when 19-year-old Dick Rowland, a black shoe shiner was accused of attempted sexual assault of a 17-year-old white elevator operator named Sarah Page. When an angry white mob went to the courthouse to demand that the sheriff hand over Rowland, the sheriff refused. A group of about 25 armed black men—including many World War I veterans—then went to the courthouse to offer help guarding Rowland.
As word of a possible lynching spread, a group of around 75 armed blacks returned to the courthouse, where they were met by some 1,500 whites. After clashes between the groups, the black men retreated to Greenwood.
Mobs of armed, white men then descended on Greenwood, looting homes, burning down businesses and shooting blacks dead on the spot.
With millions in property damage and no help from the city, the rebuilding of Greenwood began almost immediately, thanks to the assistance of the NAACP, other black townships in Oklahoma, donations from black churches and a resilient Greenwood community. However, some businesses like the Tulsa Star newspaper were permanently shuttered in the wake of the violence.
The Greenwood District still exists today but after decades of urban renewal and integration the area’s demographics and businesses resemble little of its storied past.
BY ALEXIS CLARK
Alexis Clark is the author of Enemies in Love: A German POW, A Black Nurse, and an Unlikely Romance. Previously an editor at Town & Country, she has written for The New York Times, Smithsonian, NBC News Digital, Condé Nast Traveler, Yahoo, The Root, and other publications.
Black inventors are among history's most revered geniuses, known for their relentless inquisition, passionate research and their desire to push the envelope. George Washington Carver, Madam C.J. Walker, Lonnie G. Johnson, Garrett Morgan, Patricia Bath and Percy Julian, just to name a few, are responsible for some of the world's greatest technological and social advancements.
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