Robert Reed

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Managing Real Estate Broker with Fathom Realty PB00068179

Robert Reed Church was born in Holly Springs, Mississippi back in 1839 to Charles and Emmeline. His mother died when he was 12, so his father a Steamboat Captain took on along on adventures along the rivers leading to New Orleans. During this time, he worked as a steward and mess hall.

He saved up enough money to buy a bar in Memphis which eventually he traded for a saloon and billiard room. By 1878-79 he had acquired considerable wealth, he moved his family outside of the city. Seizing on the opportunity he acquired commercial building, residential housing and bars as well as undeveloped land. In 1906, Robert and two other partners established the Solvent Savings Bank serving as founding president. He served as an adviser to the Republican presidents in the 1920’s.

What you may not know about Robert is that he was the first African-American to become a millionaire in the South. However, historians say that his wealth was actually around $700,000.00, regardless an outstanding achievement in those times.

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Rainmaker
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Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

A first to make such financial strides is cetainly quite an achievement.

Jun 19, 2019 03:47 AM #1
Rainmaker
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Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Good morning James,

Someone always has to play with the numbers to make it better or worse.

Make yourself an astonishing day.

Jun 19, 2019 04:19 AM #2
Rainmaker
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Brenda J. Andrew
ULTIMA REAL ESTATE - Corpus Christi, TX
Professional Realtor in Corpus Christi, TX

Hi James.  It sounds like Robert Reed was a very smart man - to aquire so much back in the day.  I always enjoy your stories and look forward to reading them.  Have a great day!

Jun 19, 2019 04:36 AM #3
Rainmaker
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Donald Urschalitz
One World Realty Inc. - Jupiter, FL
P.A. Realtor ABR RSPS North Palm Beach County

Well back then he was a millionaire. Good for him!

Jun 19, 2019 04:39 AM #4
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning James. Robert was a hard charger who never stopped! A lesson to be learned. Enjoy your day!

Jun 19, 2019 05:05 AM #5
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, James Dray back in those years, $700k was probably more like having hundreds of millions.... 

Jun 19, 2019 05:09 AM #6
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Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning gain James. This is a wonderful story and a great read. Enjoy the day.

Jun 19, 2019 05:19 AM #7
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow James, He still did good in those days and bet his family may out good also.

Jun 19, 2019 07:25 AM #8
Rainmaker
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Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That is a great story, I wish we lived in a world of equality and it wouldn't have to be the first this or the first that to do something.

Jun 19, 2019 07:28 AM #9
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

James,

What a wonderful story, and I think that Brian England made a very good point in his comment.  Why not just be people instead of all those labels, women, blacks, gays,and so on and so forth...A

Jun 19, 2019 07:33 AM #10
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Add a bit of inflation in and he is a billionaire today.

Jun 19, 2019 08:56 AM #11
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello James - Robert certainly had a keen sense of business.

Jun 19, 2019 09:02 AM #12
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon James - quite an achievement for him in the south.  He created that wealth the old fashioned way,  He earned it.

Jun 19, 2019 10:26 AM #13
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Imagine what that $700k would be in todays dollars. I think he would easily qualify.

Jun 19, 2019 03:02 PM #14
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi James:

What a fascinating life he had. Thank you for another interesting read.

Jeff

Jun 19, 2019 08:09 PM #15
Rainmaker
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Mike Cooper, GRI
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Awesome! And $700,000 was nothing to sneeze at then or now. Good for Robert!

Jun 21, 2019 09:12 AM #16
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Anthony Kirlew
Keller Williams Legacy One Realty - Gilbert, AZ
Helping You Make Fiscally Sound Choices

Thanks for sharing that moment of history.

Jul 18, 2019 11:44 AM #17
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