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14 Female Philanthropists and Investors You Should Know About
#3 in the series profiles — Oprah
It’s been said the Oprah Effect, as defined by Investopedia, can put a product, author, or company on the map:
The Oprah Effect refers to the boost in sales that followed an endorsement on The Oprah Winfrey Show. A recommendation from Oprah, the queen of talk shows, turned many fashion and lifestyle products into multimillion-dollar companies.
Oprah’s philanthropy as the first Black, self-made female billionaire is legendary.
According to Philanthropic Giving, In 2004, Oprah became the first African American to rank in the top 50 most generous Americans.
In 2013 Oprah received the Presidental Medal of Freedom from President Obama for her work as “one of the world’s most successful broadcast journalists” and philanthropists.
Her Philanthropic Efforts:
It all started in 1997 when Oprah started The Angel Network. In its first year, The Angel Network raised $3.5 million and paid $25,000 in college scholarships for 150 deserving students.
Almost 25 years later, as the world’s richest Black woman with a net worth of $2.7 Billion, The Oprah Winfrey Foundation funds projects that focus mostly on…
