I kept wondering, how was it that I had never heard of Reginald Lewis, the first African-American to purchase a billion dollar business.
When we talk about acting on your dreams, Reginald Lewis could not go without a mention. When Reginald Lewis died in January 1993, the world became void of a true dreamer.
Starting from humble beginnings in Baltimore, Maryland, Reginald Lewis defied the odds to become the richest African-American in the 1980's. In his book Why Should White Guys Have All the Fun he talks about his shear determination to become successful in life and business. Reginald Lewis began his career as a corporate attorney, before starting his own company TLC Group, a venture capital firm.
Reginald Lewis genius was found in his ability to turn-around companies and bring in major profits to investors. But his ultimate legacy and what really sealed him as the brilliant business man he was, is when he negotiated the purchase of Beatrice International Foods from Beatrice Companies for $985 million. When TLC Beatrice reported revenue of $1.8 billion in 1987, it became the first black-owned company to have more than $1 billion in annual sales.
What can we learn from Reginald Lewis?
1. It doesn't matter where you start from, you can finish on top.
2. Persistence and dedication pays off in the long run.
3. Act on your biggest dreams.
Reginald Lewis leaves us a legacy of inspiration to act on our dreams.
Author, Genius Potential
America's #1 Leadership Life Trainer
P.S. Did you read Part 1 and Part 2