Alonzo Herndon: Atlanta’s First Black Millionaire Was A Barber
He Defied All Barriers To Wealth—High And Low! #alonzoherndon #atlantasfirstblackmillionaire #barber #ruralmoney #rural #money #ruralareas
Alonzo Herndon is best known as the first African-American entrepreneur from Atlanta to become a millionaire despite the stigma of slavery.
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He was born in 1858 into slavery to a Black mother and white father who was likely his mother’s slave master.
He went on to be a sharecropper.
In 1878, he trained to become a barber.
This eventually created an opportunity for him to own and operate three large barbershops in the Atlanta area that served prominent white men.
But, his path to becoming a millionaire began in 1900, when he became a founding member of Booker T. Washington’s National Negro Business League.
In 1905, one of his main barbershops was destroyed in the Atlanta race riots.
Racism Couldn’t Stop Alonzo Herndon, It Motivated Him
Herndon started investing in Real Estate and eventually purchased a failing mutual aid association that he turned into the Atlanta Family Life Insurance Company.
That company was so successful that it expanded into several other markets including:
- Florida
- Kansas
- Kentucky
- Missouri
- Tennessee
- Texas
- And many other states.
His employees sold the company’s low-cost industrial insurance door-to-door at a time when, perhaps, they were the only Black men passing through a southern town wearing suits and ties.
Sadly, Herndon died in 1927 but his son, Norris, took over the company.
In modern day, the company is still in business and is the only the only African-American owned and privately held stock company in the country with capabilities that include:
- Personal and business insurance
- Reinsurance of group life insurance
- And dental benefits.
To date, his mansion, built by black artisans in 1910, sits next to Morris Brown College, and is listed on the National Register Of Historic Homes on Diamond Hill.
The Herndons: An Atlanta Family is a fascinating read that I highly recommend.
After reading this book, I gave it to my son, Henri Mobley, Master Barber/Instructor and Proprietor of his own barbershop in Atlanta, GA.
Also Read >>> First Black-Owned Barbershop Inside Atlanta’s International Airport
Fillable Homestead As A Business Year Planner
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Fillable Homestead As A Business Year Planner[/caption]
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