Richelieu Dennis

Date of Birth: February 25, 1969

Zodiac Sign: Pisces

Biography

Richelieu Dennis is a Liberian entrepreneur and philanthropist, best known for founding Sundial Brands, the parent company of SheaMoisture and Nubian Heritage. Born into a family of entrepreneurs and raised in Liberia, Dennis moved to the United States to attend Babson College. After graduating, he initially planned to return to Liberia, but the outbreak of civil war in his home country forced him to stay in the U.S. Dennis started his business by selling shea butter products on the streets of Harlem. Over time, he saw a growing demand for natural personal care products and decided to expand his offerings. Sundial Brands was born out of this vision, focusing on products made with natural ingredients and catering to underserved communities. The company’s success led to its acquisition by Unilever in 2017 for an estimated $1.6 billion. In addition to his business achievements, Dennis is also known for his philanthropic efforts. He established the New Voices Fund, a $100 million fund aimed at investing in women entrepreneurs of color. He has also donated millions to educational initiatives and community development projects.

5 Interesting Facts about Richelieu Dennis

1. Richelieu Dennis co-founded Sundial Brands with his mother, Mary Dennis, and his college roommate, Nyema Tubman.

2. He is a graduate of Babson College, which is renowned for its entrepreneurship programs.

3. Dennis was named one of the “Most Creative People in Business” by Fast Company in 2017.

4. In 2018, he purchased Essence magazine, making it 100% Black-owned again.

5. He established the New Voices Fund to provide financial support and resources to women entrepreneurs of color.

5 Most Interesting Quotes from Richelieu Dennis

1. “My mother always said to me, ‘In order to be successful in business, you have to be willing to serve others.’”

2. “We have to create opportunities for our communities to thrive.”

3. “Entrepreneurship is about solving problems and creating value, not just for yourself but for others as well.”

4. “We need to support businesses that support us.”

5. “Investing in women of color is not just the right thing to do; it’s the smart thing to do.”

Highest Net Worth Achieved

At his peak, Richelieu Dennis achieved a net worth estimated at over $400 million.

Children

Richelieu Dennis is a private individual when it comes to his family life, and there is limited public information available about his children. It is known, however, that he is married and has children, but their names and details are kept out of the public eye.