On this day, April 10th we celebrate the birth of Jesse Binga, who at one time was considered the wealthiest black man in Chicago. He began amassing his fortune by cutting hair, working as a Pullman Porter and acquiring real estate. Born in Detroit Michigan in 1865, he moved from state to state settling in Chicago in 1893. As the African American population grew in the Windy City so did has bank roll. In the first two decades of the 20th Century Jesse Binga amassed enough to open his own bank. In 1921 the Binga State Bank opened with a $200,000. Within 3 years that had grown to over $1.3 million.
Monday, April 10, 2017
BOMA Minute 4-10 -17
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