Regarded as the first Black millionaire in Texas, William McDonald s legacy has lived on in Fort Worth
William McDonald created Fort Worth’s first Black-owned bank and helped open up opportunities for many Black people around Texas. Author: Jay Wallis (WFAA) Updated: 6:11 PM CST February 23, 2021
FORT WORTH, Texas William Madison McDonald is considered by most to be the first Black millionaire in Texas.
While he figured out some savvy ways to find financial success through banking, politics and entrepreneurship, he also provided new and valuable opportunities for the Black community.
McDonald was born a little more than a year after the Civil War near Terrell, Texas. His parents named him after William Shakespeare and James Madison.