10 Unknown Facts About Annie Malone: The First Black Female Millionaire in the US

poro-college

Business Thrived Until She Became the Target of Lawsuits

Her second husband, Aaron Eugene Malone, filed for divorce and demanded half of the business’ value, based on his claim that his contributions had been integral to its success. She negotiated a settlement of $200,000, but other lawsuits followed. One of the lawsuits against her was brought during the Great Depression by a former employee who claimed credit for her success. The lawsuit was settled in 1937, and she was forced to sell the St. Louis property.
Annie-minkcoat

U.S. Government Confiscated Poro

In 1943, she owed almost $100,000 in unpaid taxes to the U.S. government. By 1951, the government took control of Poro. Most of the property was sold to pay the taxes.

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