Sarah Breedlove spent years working as a laundress and cook for about $1.50 a day while a scalp condition caused her hair to fall out. By 1919, she had become the woman Guinness World Records lists as the first self-made American woman millionaire.
Her turning point came in 1905. Born in Louisiana in 1867, the first in her family to be born free, Breedlove had been experimenting with home remedies and working as a sales agent for hair-care entrepreneur Annie Turnbo Malone. That year she moved to Denver and began selling her own product, Madam Walker’s Wonderful Hair Grower, aimed at Black women whom mainstream brands overlooked. She soon took the name Madam C.J. Walker after marrying Charles Joseph Walker.
The business grew quickly. She opened Walker Manufacturing Company in Indianapolis in 1910 and trained sales agents across the country, claiming about 25,000 active agents by 1919, according to Britannica. Her 1917 convention in Philadelphia is said to be among the first national meetings of businesswomen. She moved to New York in 1916 and built Villa Lewaro, a mansion in Irvington-on-Hudson that cost about $100,000. “I am a woman who came from the cotton fields of the South,” she told the National Negro Business League.
Walker died on May 25, 1919, at 51. Her millionaire status has been debated. Her great-great-granddaughter and biographer, A’Lelia Bundles, says the estate was worth $600,000 to $700,000 when she died, while her company was worth $1 million to $2 million. Guinness says her exact wealth is hard to pin down but estimates her net worth at more than $1 million, counting her real estate and a firm earning $500,000 a year.
She gave $1,000 to the Indianapolis YMCA building fund in 1911 and $5,000 to the NAACP’s anti-lynching fund in 1919, and left most of her estate to charity. Villa Lewaro is a national historic landmark.
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