By The Numbers: Women Making Bank

Elizabeth Taylor in 'Cleopatra,' 1963 (Eclipse Magazine)

Elizabeth Taylor in ‘Cleopatra,’ 1963 (Eclipse Magazine)

Earlier this week, Ellen Pompeo became the highest-paid TV actress currently on TV, making $20M a year. How’d she do it? She asked for it. Also, she knew her worth.

Who else has made bank while breaking the glass ceiling? Let’s take a look!

First Female Millionaire:

Madam C.J. Walker built a beauty empire and had a net worth of $600K at the time of her death. Adjusted for inflation, that’s that’s $8,757,479.29 in November 2017 money.

First Female Billionaire:

Lifestyle entrepreneur Martha Stewart became a billionaire in 2000, the year after her company Martha Stewart Living Omnimedia went public.

First Black Female Billionaire:

Be honest: you thought this would be Oprah, didn’t you? So did I…until I actually googled it. No, this honor goes to Sheila Johnson. Johnson co-founded BET with her ex-husband Bob Johnson and went on to work in hospitality and real estate, and own minority stakes in three sports teams. Johnson first made the “Forbes” Billionaire List in 2000.

First Film Actress to be Paid $1M for a Role:

This would be the incomparable Elizabeth Taylor, who played the titular role in “Cleopatra” in 1963.

Highest-Paid Actress of 2017:

Emma Stone made the “Forbes” 2017 list of highest paid actors and actresses at $26M. However, she’s the highest-ranking actress at #15.

 

 

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#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.