Jeremiah G. Hamilton: First Black On Wall Street
No one will ever erect a statue honoring Jeremiah G. Hamiton. As an African American broker in the mid-1800s, Jeremiah Hamilton was part of no one’s usable past: Wall Street in that time was completely white, and New York’s black leaders disdained him for his brashness. But his death, in 1875, attracted national attention, and scores of newspapers reported that Hamilton was the richest non-white man in the country and that his estate was worth about $2 million, or about $250 million today. Read more here…..
By any standard, Jeremiah Hamilton was wildly successful: He owned ships, he traded stocks, he bought and sold real estate, and he was Wall Street’s first black millionaire.
Hamilton worked in and around Wall Street for 40 years. Far from being some novice feeling his way around the economy’s periphery, he was a skilled and innovative financial manipulator.