A Financial Wrinkle in Time
Welcome to the Money and flow podcast today we're going to talk about Henrietta Green The Witch of Wall Street and Madam CJ Walker.
The Witch of Wall Street
Once upon a time there once was a gangster dressed in black name Henrietta “Hetty” Green aka the “Witch of Wall Street.” Lil Wit for short. During the times of JP Morgan, And the Rockafellers, there was one-woman financier changing the game. She was from a prominent family the Green. When she was six years old she read her grandfather, Gideon Howell financial papers, because he couldn’t see too good. This was her first interaction with da money.
Dollar Dolla bills Y'all.
Henrietta read a lot about investing and she analyzed her father’s company and realized that his company was in shambles. Henrietta took over her father's company accounting papers, by the age of 13. For years she fine-tuned her accounting skills to purchase stock in Wall Street. She became a millionaire years later.
This is herstory.
Many people viewed Hetty as a rude evil woman. Many wall street journalists would say that she smelled bad and had terrible handwriting that unfit for a woman. Her father purchased her a huge wardrobe and she took the clothes back to the store, and still found a man. This woman bought and purchased real estate, railroad, and made some killer deals. Most people called her nothing more than a glorified pawnbroker. She invested like a hawk, When she died Green had accumulated more than $100 million, about $2.4 billion today — all of it going to their children and since neither of her kids had kids they gave it to charities and nonprofits. This happened all before women had the right to vote.