Annie Malone: How the first Black millionaire made her fortune revealed

Annie Malone: How the first Black millionaire made her fortune revealed

- Details about how a Black woman named Annie Malone became wealthy by producing and selling cosmetic products have surfaced online

- Marie could not complete school as a result of health implications but her curiosity and interest in chemistry became her tool for success

- Despite social and economic challenges present at the time, she devised creative ways to market her products

The story of Annie Malone’s rise to wealth started with a decision to create hair products during a time when such items were not easy to come by.

A chemist, an entrepreneur and a philanthropist, she is on record as the first Black millionaire.

Malone successfully sold beauty products and techniques for Black women in the United States of America.

Details about how Annie Malone the first Black millionaire made her fortune revealed

Annie Malone Credit:
Source: UGC

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Growing up, bouts of sickness prevented her from completing school but did little to quell her interest in chemistry.

She then developed an interest in hairdressing and with the help of her sister, practiced to perfection. reports that at that time, the use of bacon grease, heavy oil and butter, served as the only way to straighten hair.

Others, understands, also used a mixture of lye and potatoes, but both methods reportedly damaged the scalp and hair follicles.

She therefore developed her own product and with the help of three trained assistants, offered door-to-door delivery.

This was because racism was rife during that time and they were denied access to the traditional distribution systems.

Malone then launched a massive advertising campaign in the black press, held news conferences, went on tours and recruited and trained women to sell her products.

Meanwhile, photos of old versions of Ghana’s currency have appeared online and some social medis users are upset with the country's first president, Dr. Kwame Nkrumah.

Ghana adopted the Decimal system in the year 1965 and this replaced the British Colonial Monetary System.

Per a report by Ghana the Black Star of Africa, the ‘Cedi’ notes and the ‘Pesewa’ coins were introduced into circulation on July 19, 1965. This therefore replaced the Ghana Pounds, the Shillings and the Pence.

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Source: Yen

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