#ThrowbackThursday: Madame C.J. Walker, America’s First Female Millionaire

Madame C.J. Walker (Biography)

Madame C.J. Walker (Biography)

If you don’t know who Madame C.J. Walker is, get on that! The former Sarah Breedlove worked as a laundress and a singer before developing her own line of hair care products.  Walker eventually extended her product line into a beauty school and trained hairdressers in her products and specific methods. Through Walker’s entrepreneurship, she taught other black women how to run their own businesses and become financially independent.

By the time Madame C.J. Walker died at age 51, she’d become the first female millionaire, and a self-made one at that. Her net worth at the time of her death in 1919 was $600,000. Adjusted for inflation, that’s $8,757,479.29 in November 2017 money.

Advertisements

#ThrowbackThursday: Working Women, 1950s

Working women, 1950s (Minorities in the 1950s)

Working women, 1950s (Minorities in the 1950s)

According to the Bureau of Labor Statistics (BLS), women ages 16-55+ comprised 18K+, which was less than 30% of the labor force. (By contrast, working men numbered 43K+ and over 70%.) Out of the 12% of American women who worked outside the home, only 6% of women held management positions.

Today, things have changed…slightly. It’s still difficult for women to climb the corporate ladder and make it all the way to the C-suite.