December 7
On December 7, 1942, American businessman Reginald F. Lewis was born.
Reginald F. Lewis is remembered as one of the wealthiest black men in American history. His company, the TLC Group, was the first black owned business to earn $1 billion in annual sales.
Reginald Lewis attended Virginia State University before earning a law degree from Harvard Law School. Early on in his career he was a part of a team that established the first African American law firm on Wall Street.
In 1987, the TLC Group owned by Reginald Lewis purchased Beatrice Foods for $985 million. As chairman and CEO, he led the TLC group to become the first black owned business to earn a billion dollars in annual sales.
Reginald F. Lewis passed away suddenly in 1993. He was 50 years old.
Sources
Hicks, J. P. (1993, January 20). Reginald F. Lewis, 50, is dead; financier led Beatrice takeover. The New York Times. Retrieved December 1, 2022, from https://www.nytimes.com/1993/01/20/us/reginald-f-lewis-50-is-dead-financier-led-beatrice-takeover.html
Up, G., Law, P., Dinkins, D. N., & Continues, T. L. (n.d.). Biography. Reginald F. Lewis. Retrieved December 1, 2022, from https://reginaldflewis.com/bio/
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