February 13, 2010 Leave a comment
We allllll love to see black people “gettin money” Heres a greatttttt example of a Black Man getting money. There is also a bit of a conspiracy behind the death of my nigga Reggie. Do the knowledge for yourself….
After working at several law firms, Reginald F. Lewis opened TLC Group L.P., adventure capital firm, in 1983. In 1987 Lewis bought Beatrice International Foodsfrom Beatrice Companies for $985 million, renaming it TLC Beatrice International, a snack food, beverage, and grocery store conglomerate that was the largest black-owned and black-managed business in the U.S. The deal was partly financed throughMike Milken. When TLC Beatrice reported revenue of $1.8 billion in 1987, it became the first black-owned company to have more than $1 billion in annual sales.
At its peak in 1996, TLC Beatrice International Holdings Inc. had sales of $2.2 billion and was number 512 on Fortune magazine’s list of 1,000 largest companies.
His net-worth was estimated by Forbes magazine as being $400 million, equivalent to well over $580 million in 2007, making him the richest African-American ever at the time of his death. Lewis was among the first African-Americans to make Forbes magazine’s list of the 400 richest Americans and his wife Loida Nicolas-Lewisthe first Asian woman on the list
here more links for knowledge on Regg