What is Louis Farrakhan Net Worth?
| Net Worth: | $5 million |
|---|---|
| Source of Wealth: | Religious Leader |
| Date of Birth: | May 11th, 1933 |
| Country of Origin: | United States |
| Last Updated: | 2024 |
Louis Farrakhan Net Worth: Louis Farrakhan is an American religious leader and leader of the Nation of Islam with an estimated net worth of $5 million. He served as a minister and national representative under the administration of Elijah Muhammad before he was appointed leader.
Louis’ contributions to peace in Chicago were recognized by the city in 1994, and he was honored with a Certificate of Appreciation. He received a Lifetime Achievement Trumpet Award in 1996 for his impact on society.
Farrakhan also had a music career, which he began at an early age. He went on tours in the US in the 1950s and was popularly known as The Charmer or Calypso Gene.
Early Life
Louis began to play the violin in Boston at the age of 5. At 12, Louis joined the Boston College Orchestra on a tour and won various music competitions. He also performed at the Ted Mack Original Amateur Hour.
Louis Eugene Walcott was born in New York on 11th May 1933 after his father, Percival, walked out on the family. After Louis’ parents’ separation, his mother (Sarah) moved in with Louis Walcott, who adopted Louis and his older brother as his stepsons.
Sadly, Louis’ newfound family with Walcott was short-lived, as Walcott passed on in 1936, just three years after Louis’ birth. After his death, they relocated to Boston to start a new life.
Louis attended the English High School and Boston Latin School. He got married while he attended Winston-Salem Teachers College through a track scholarship but quit after completing his junior year to take care of his wife and baby.
Career
Louis Farrakhan quit music after he was made to choose between music and the Nation of Islam by the former leader, Elijah Muhammad. During his music career days, he was popularly known as The Charmer or Calypso Gene, and he toured the US in the 1950s promoting his calypso songs.
He joined the Islamic organization in July 1955 after his friend, Rodney Smith, took him to Elijah Muhammad’s Saviour’s Day address in the same year. After his conversion to Islam, he received the Islamic name Farrakhan after bearing the name Louis X for a while.
Farrakhan was also a member of the Boston Temple of Islam and served as an assistant minister to Malcolm X for a while. After Malcom’s transfer to New York, Louis became the Boston Temple of Islam minister. He also took over some of Malcolm’s positions after Malcolm’s assassination in 1965 and was also the national representative and spokesman of the NOI and a minister at Harlem Mosque till 1975.
Louis led the Million Man March in 1995. The march, graced with speeches from Jesse Jackson, Maya Angelou, and Rosa Parks, saw about 440,000 people on the streets of Washington, D.C.
The Nation of Islam was renamed the American Society of Muslims by Warith Deen Mohammed, the son of the late leader Elijah Muhammad, who passed on in 1975. Louis supported the new orthodox Islam movement and was called Abdul-Haleem at the time by Warith.
He was a Sunni Imam for some time before leaving in 1978 to restore the Nation of Islam to its original state. A Saviours’ Day convention was held in 1982, and the NOI was reclaimed.
Louis Farrakhan net worth is estimated to be $5 million as of 2024.
Career Highlights
- 1955 – Became a member of the Nation of Islam
- 1967 – National Spokesman (Nation of Islam)
- 1978 – Established a Nation of Islam-related newspaper called Final Call Newspaper
- 1981 – First annual Saviours’ Day speech
- 1984 – Led the Million Man March in Washington, D.C., in a call for empowerment and unity among African Americans
- 1995 – Led another Million Man March
- 2000 – Nation of Islam retirement and succession by Leonard Muhammad, his son-in-law
- 2015 – 20th Anniversary of the Million Man March and the launch of Justice or Else!
- 2018 – Criticisms over social media bans and anti-semantic comments.
Personal Life
Farrakhan has had a long-time battle with his health since 1991. He received hormonal treatments for prostate cancer after a diagnosis in 1991 and brachytherapy seed implants in 1994 after the cancer resurfaced.
He has also had to undergo surgeries, including an emergency surgery in 1999 after complications from cancer, an abdominal surgery due to damages caused by the seed implants he received in 1994, and a stent implant surgery due to a heart attack in October 2013. Louis has also had to deal with peptic ulcers and multiple infections, leading to a weight loss of about 35 pounds. In 2010, Louis became an advocate for Dianetics. Nation of Islam (NOI) members have also participated in this movement and host courses and graduation ceremonies on Dianetics. He has also encouraged the NOI to participate in the auditing process of the Church of Scientology.
Farrakhan has nine children with his wife, Betsy Ross (Khadijah Farrakhan), whom he married in 1953. Louis has eight of his nine children left—Louis Jr., Donna, Joshua, Mustapha, Khallada, Betsy-Jean, Fatimah, Abnar, and Maria. Louis Jr. died at 60 in 2018 due to complications from a heart condition.
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Awards and Achievements
In 1979, Louis was appointed minister by Elijah Muhammad, the former leader of the Nation of Islam, and in 1981, he was made National Representative under the administration of Elijah Muhammad.
Louis’ contributions to peace in Chicago were recognized by the city in 1994, and he was honored with a Certificate of Appreciation. Farrakhan led the Million Man March in 1995. This movement, which led thousands of people to march on the streets of Washington, D.C., was a call for empowerment and unity among African Americans.
Farrakhan received a Lifetime Achievement Trumpet Award in 1996 for his impact on society. The following year, the Coalition for the Remembrance of the Honourable Elijah Muhammad awarded him a Living Legacy Award.
In 2000, Louis led a third march titled the Million Family March. This march was centered on unity and family values. He received an International Human Rights Award from the National Association for Human Rights two years later. In 2015, the 20th Anniversary in honor of the Million Man March (Justice or Else) was held.
Justice or Else was centered on economic and social justice.
Finally, in 2017, the Universal Negro Improvement Association (UNIA) honored the religious leader with a Voice of Peace Award.
Louis Farrakhan Net Worth
Louis Farrakhan net worth is estimated to be $5 million. Farrakhan joined the Nation of Islam (NOI) in 1955 and served as a minister and national representative for a while under the administration of Elijah Muhammad. Louis succeeded Elijah as the organization’s leader and continued to uphold the teachings of the former leader.
The controversial religious leader, who has also been branded as an anti-Semite by the Southern Poverty Law Centre, spearheaded the Million Man March in 1995 in Washington, D.C., and in 2015, he hosted its 20th Anniversary titled Justice or Else. Farrakhan has faced criticism and praise over his political views and remarks.
His failing health has pulled him away from many responsibilities in the organization and other religious and societal obligations.
Real Estate
During the 1970s, architect M. Momen crafted five residences for Elijah Muhammad in Chicago’s Woodlawn neighborhood. One of these homes, featuring 21 rooms, is presently owned by Farrakhan.
Notable Louis Farrakhan’s Quotes
Life Lessons to Learn From Louis Farrakhan’s Success
1. Devotion
Farrakhan’s dedication to his religion was strong enough to have him quit his music career.
2. Advocacy
Louis is an advocate for the right cause. He led the Million Man March in 1995 on a call for unity and empowerment in the black community. He has also been an advocate for other groups.
3. Leadership
Farrakhan is a faithful member and was a great leader of the Nation of Islam who stuck to the visions and goals of the Islamic organization.
Frequently Asked Questions – Louis Farrakhan’s Net Worth
Did Louis Farrakhan Receive Endorsement Deals?
There’s no record of endorsement deals under Farrakhan’s name.
How Many Cars and Houses Does Louis Farrakhan Have?
There are no details of Louis’ car collection, but he owns one of the homes of the former leader of the Nation of Islam, Elijah Muhammad. The home reportedly contains 21 rooms and is one of the five homes built for Elijah in Chicago by M. Momen, an Egyptian architect.
Does Louis Farrakhan Own a Business?
Louis is popularly known as the leader of the Nation of Islam and an advocate for the black community. There are no known records of any businesses he owns.
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Final Thoughts
Louis is a former leader of the Nation of Islam, an author, and an advocate for the African-American community and other groups. The religious leader is considered one of the most controversial personalities in the US. Louis has a net worth of $5 million and has nine children with his wife, Khadijah Farrakhan. He has also received award recognitions for his works and contributions to the society.
As of 2024, Louis Farrakhan net worth is estimated to be $5 million.