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Lewis, Reginald F.

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Published online by Cambridge University Press:  05 March 2016

Raymond Gavins
Affiliation:
Duke University, North Carolina
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Summary

Born: December 7, 1942, Baltimore, MD

Education: Virginia State College, B.A., 1965; Harvard Law School (HLS), LL.B., 1968

Died: January 19, 1993, New York, NY

One contemporary called Lewis the “Jackie Robinson of Wall Street ... the man who broke the color barrier in large-scale mergers and acquisitions and leveraged buyouts.”

Lewis instilled strong values in a household where his mother and grandparents taught him to be hardworking and self-confident. As a Baltimore high school athlete, he learned to play hard and smart. He excelled in college, in law school, and as an entrepreneur.

His career reflected “the third-wave rise of black corporate America.” Lewis bought McCall Patterns in 1984 for $23 million, doubled its profits, and sold it in 1987 for $90 million. He managed to buy Beatrice International Foods for $985 million, “the first such acquisition by a black in American business history,” which made him CEO of TLC-Beatrice International. The largest African American business, it owned sixty-four companies in thirty-one countries. Beatrice Foods, its center, was the thirty-fifth ranked American corporation. Lewis, who accumulated an estimated $400 million in personal wealth, became one of the 400 richest Americans. A philanthropist, he donated to higher education, historic preservation, black political campaigns, the NAACP, and the Rainbow/Push Coalition. Baltimore's inner-city youth programs and African American Museum are beneficiaries of the Lewis Foundation.

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Publisher: Cambridge University Press
Print publication year: 2016

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References

Dingle, Derek T.Black Enterprise Titans of the B.E. 100s: Black CEOs who Redefined and Conquered American Business. New York: John Wiley & Sons, 1999.
Lewis, Reginald F., and Walker, Blair S.. Why Should White Guys Have All the Fun?: How Reginald Lewis Created a Billion-Dollar Empire. Baltimore, MD: Black Classic Press, 2012.

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  • Lewis, Reginald F.
  • Raymond Gavins, Duke University, North Carolina
  • Book: The Cambridge Guide to African American History
  • Online publication: 05 March 2016
  • Chapter DOI: https://doi.org/10.1017/CBO9781316216453.183
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  • Lewis, Reginald F.
  • Raymond Gavins, Duke University, North Carolina
  • Book: The Cambridge Guide to African American History
  • Online publication: 05 March 2016
  • Chapter DOI: https://doi.org/10.1017/CBO9781316216453.183
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Lewis, Reginald F.
  • Raymond Gavins, Duke University, North Carolina
  • Book: The Cambridge Guide to African American History
  • Online publication: 05 March 2016
  • Chapter DOI: https://doi.org/10.1017/CBO9781316216453.183
Available formats
×