In 1890, it is believed, Thomy Lafon (1810–1893), a real estate speculator and money lender in New Orleans, Louisiana, became the first black millionaire in the United States. Known also for his philanthropy, he generously supported several religious and charitable organizations, including the Catholic Institute for the Care of Orphans, the Religious Order of the Holy Family, the Little Sisters of the Poor, the American Anti-Slavery Society, the Underground Railroad, New Orleans University, and the Lafon Old Folks Home. He also founded the Lafon Orphan Boys' Asylum and the Home for Aged Colored men and Women.
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