Black Main Street
American History Black Excellence Black History

The First 6 African Americans Who Escaped Slavery and Became Millionaires

Robert Reed Church

Robert Reed Church Sr. (June 18, 1839 – August 29, 1912) was an African-American entrepreneur, businessman and landowner in Memphis, Tennessee, who began his rise during the American Civil War. He was the first African-American “millionaire” in the South. His total wealth probably reached $700,000, not a round million.[1] Church built a reputation for great wealth and influence in the business community. He founded Solvent Savings Bank, the first black-owned bank in the city, which extended credit to blacks so they could buy homes and develop businesses. As a philanthropist, Church used his wealth to develop a park, playground, auditorium and other facilities for the black community, who were excluded by state-enacted racial segregation from most such amenities in the city.

 

 

READ  WATCH: Frederick Douglass "What, to the American Slave, is your 4th of July?

Related posts

Malcolm X’s daughters start clothing line to honor his legacy

BMS Admin

Mobile app converts your daily change into bail money to free Black people

BMS Admin

Dick Gregory, civil rights activist and comedian, dead at 84

BMS Admin

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

JOIN OUR COMMUNITY
Social networking for
the Black Community
www.blackjunction.com