S.B. Fuller: Turned $25 loan in to $170 million in 1950s.

From Poverty to Multi-Million-Dollar Empire

Samuel B. Fuller. was a black American entrepreneur from a very young age he was so broke that he had to drop out of school and work to survive. He was born into a family of Louisiana sharecroppers.

He started very early at the age of 9 he was going door to door selling products and had high hopes of making millions.

At the age of 15 he and his family move to Nashville. His mother passed away two years after the move, Leaving him to look after his six siblings which was very tough. Relief organization wanted to help him out but he refused and turned them down because he did not want his neighbors to think they needed help or a handout he was very strong minded. He made a decision that nothing can stop them and wanted to make it in their own with no help.

He faced many challenges in his journey once he relocated to Chicago he became a manager of a coal yard during the depsession and he was also working as a insurance agent in a black owned firm.

Despite securing a good job he decided to quit and build his own business.

Using a $25 loan he obtained by using his car as a security deposit (about $375 in 2019 money), he started his own business. His wife name was Lestine Thornton and they went on to purchase a soap load with the money he had selling it door to door. It was working out so he invested another $1000. His customer base was growing in large numbers at a fast pace and they were largely arrived black families on the south side of Chicago. He was promoted to manager at Commonwealth while growing his own business to include a line of 30 products, as well as other salesmen.

After many years of hard work it paid off and he opened his own factory in 1947. He saved his supplier from bankruptcy by purchasing the factory.

He also purchased black newspaper such the Pittsburgh and the new York age. He left his footprint after purchasing Chicago Regal Theater.

Fuller was the richest black American in 1950s, his cosmetic company was bring around $18M annually in 1950 dollars that’s over $170 Million worth in 2020. His sales team was over 5000 Members and a third of them where white.

2016-05-03-1462242436-2531291-sbfullertrimrs.jpg

He went to say

“Negroes are not discriminated against because of the color of their skin. They are discriminated against because they have not anything to offer that people want to buy” caused some black leaders to call for a boycott of Fuller products. The boycotts were largely unsuccessful, but his reputation was quite tarnished in the black community.

What do you think?

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

  1. With havin so much written content do you ever run into any problems of plagorism or copyright infringement?
    My blog has a lot of unique content I’ve either written myself or outsourced but it looks like a lot
    of it is popping it up all over the internet without my authorization. Do you know any solutions
    to help protect against content from being ripped off?

    I’d truly appreciate it.

  2. Do you have a spam issue on this blog; I also am a blogger, and I was wondering your situation; many of us have developed some
    nice procedures and we are looking to swap strategies with other folks, be sure to shoot me an e-mail if interested.

  3. Hey would you mind letting me know which hosting company you’re utilizing?
    I’ve loaded your blog in 3 completely different internet
    browsers and I must say this blog loads a lot quicker then most.
    Can you suggest a good web hosting provider at a honest price?
    Cheers, I appreciate it!

  4. Does your site have a contact page? I’m having a tough time locating it but,
    I’d like to send you an email. I’ve got some ideas for your blog you might be interested in hearing.
    Either way, great website and I look forward to seeing it grow over time.

  5. May I simply say what a comfort to discover an individual who genuinely knows what
    they’re discussing over the internet. You actually understand how to bring a problem to light and make
    it important. More and more people should check this
    out and understand this side of your story. I was surprised that you aren’t more popular because you definitely possess the
    gift.

  6. It’s a pity you don’t have a donate button! I’d most certainly donate to this brilliant blog!
    I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account.
    I look forward to new updates and will share this site with my Facebook group.
    Talk soon!

  7. Hmm it appears like your website ate my first comment (it was super long) so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog.
    I as well am an aspiring blog writer but I’m still new to everything.
    Do you have any points for newbie blog writers?
    I’d really appreciate it.

  8. Thanks for ones marvelous posting! I definitely enjoyed reading it, you are a great author.I will make
    sure to bookmark your blog and definitely will come back very
    soon. I want to encourage you to ultimately continue your great writing, have a nice afternoon!

Cathay Williams became the first black woman to enlist in the U.S. Army in 1866

60-Year-Old Georgia Woman Arrested After Being Caught With 6 Kilos Of Cocaine, AR-15 Rifle.