Breaking Barriers: The Legacy of Reginald F. Lewis and the Filipino Community in Building Generational Wealth

Celebrating Black History History Month by Honoring the Nexus of Marginalized Communities and Their Fight for Economic Empowerment

In the world of business, the fight for success is often seen as a solo journey But what if we told you that success could be achieved through community and collective empowerment? This is precisely what Reginald F. Lewis and the Filipino community have exemplified through their dedication to building generational wealth Reginald F Lewis, the first African American to build a billion-dollar company, paved the way for future generations of Black entrepreneurs by breaking down barriers and advocating for the importance of financial literacy and generational wealth His success with the leveraged buyout of TLC Beatrice International, a global food company, in 1987, showed that not only was it possible for a person of color to succeed in the business world, but it was also possible to create lasting change through wealth creation

As of 2020, the median wealth for Black families in the United States was just $24,100, while for white families, it was $189,100 This wealth gap is even more significant when considering the intergenerational transfer of wealth A Federal Reserve report found that only 5% of Black families inherit more than $10,000, compared to 26% of white families But with the dedication of trailblazers like Reginald F Lewis, and the Filipino community, we can begin to change this narrative.

IN HONOR OF THE LEWIS FAMILY'S LEGACY AND THE ACCOMPLISHMENTS OF MINORITY ENTREPRENEURS, WE ENCOURAGE EVERYONE TO SUPPORT AND UPLIFT MINORITY-OWNED BUSINESSES, ESPECIALLY DURING THESE CHALLENGING TIMES AS LOIDA NICOLAS LEWIS SAID, "WE ARE NOT JUST FIGHTING FOR OURSELVES; WE ARE FIGHTING FOR FUTURE GENERATIONS " BY SUPPORTING MINORITY-OWNED BUSINESSES AND ADVOCATING FOR ECONOMIC EMPOWERMENT, WE CAN HELP PAVE THE WAY FOR A MORE EQUITABLE AND JUST SOCIETY FOR ALL.

IN CONCLUSION, THE STORY OF REGINALD F LEWIS AND LOIDA NICOLAS LEWIS IS A TESTAMENT TO THE IMPORTANCE OF DETERMINATION, INNOVATION, AND THE PURSUIT OF GENERATIONAL WEALTH WE MUST HONOR THEIR LEGACY BY SUPPORTING AND UPLIFTING MARGINALIZED COMMUNITIES AND ADVOCATING FOR ECONOMIC EMPOWERMENT AS REGINALD F LEWIS ONCE SAID, "KEEP GOING, NO MATTER WHAT OBSTACLES COME YOUR WAY YOU WILL GET THERE IF YOU ARE DETERMINED AND YOU BELIEVE." LET US CONTINUE TO BELIEVE AND WORK TOWARDS A BRIGHTER FUTURE FOR ALL.

READ HIS BOOK FOUND ON AMAZON, “WHY SHOULD WHITE GUYS HAVE ALL THE FUN?: HOW REGINALD LEWIS CREATED A BILLION-DOLLAR BUSINESS EMPIRE”

JOIN US MONDAY, JUNE 19TH FOR THE CEREMONIAL RAISING OF THE JUNETEENTH FLAG