Madam C.J. Walker, one of many women who blazed a trail in business and finance, is getting her own Netflix limited series that will be released on March 20, 2020. This woman, the child of enslaved parents, was an unlikely entrepreneur who faced a number of hardships before she found success selling a hair growth formula she perfected after suffering from hair loss herself.
Her story was summarized this way on rogerebert.com:
“The first to be born free of her six siblings, Walker, born Sarah Breedlove, withstood the blows of familial betrayal and rancor competition to revolutionize Black haircare. Walker’s story is one of devotion, shifty ingenuity and absolute mettle against the backdrop of post-slavery racial and gender oppression.”
During her lifetime, Madam C.J. Walker made it possible for other women to follow in her path by opening businesses, employing other African Americans, and through philanthropic gifts to her community. And beyond her lifetime she both inspired and provided the means and the template for increasing wealth to her descendants. Walker is a true example of generational wealth. Her daughter A’Lelia Walker also owned businesses and engaged in philanthropy. The limited series on Netflix is based on a book written by her great-great-granddaughter A’Lelia Bundles.
If you are wondering about generational wealth, clevergirlfinance.com notes:
“If you are able to leave something behind for your children or grandchildren, then you are contributing to the growth of generational wealth in your family.”
Generational wealth comes in many forms: it can be assets such as real estate or investments and can also come in the form of teaching valuable skillsets and investing in a child’s education.
Madam C.J. Walker’s tenacity made her a millionaire and changed the trajectory of her family and her community as a whole by providing a financial foundation that aids her descendants today.