Black Entrepreneur Tops Forbes Richest Self-Made Women List

Fawn Weaver Named One of Forbes’ Richest Self-Made Women

Fawn Weaver, founder of Uncle Nearest, the world’s fastest-growing Black-owned whiskey brand, has been recognized as one of Forbes’ richest self-made women. According to Forbes’ annual list, Uncle Nearest has skyrocketed to a valuation of over $1.1 billion in under ten years and is projected to generate over $100 million in revenue this year.

Uncle Nearest was launched in 2017 by Weaver and her husband Keith. To fund the venture, the couple sold all their West Coast real estate, including their dream home in Old Agoura, California, and two Mini Coopers. This bold move resulted in significant financial risk and negatively impacted their credit scores, but Weaver remained steadfast in her vision.

The brand’s name, Uncle Nearest, honors Nathan “Nearest” Green, the first known African-American master distiller, who taught Jack Daniel the art of whiskey making. Weaver’s dedication to preserving and celebrating Green’s legacy has played a pivotal role in the brand’s success. The company has not only thrived in the competitive spirits industry but has also made a significant impact by highlighting the contributions of African-Americans to the world of whiskey.

Weaver’s journey demonstrates the power of resilience and faith in one’s vision. Despite the financial risks and initial setbacks, her commitment to Uncle Nearest has paid off, establishing her as a leading figure in the business world. Her story serves as an inspiration to aspiring entrepreneurs, especially those from underrepresented communities, showing that with perseverance and a strong vision, success is achievable.

Fawn Weaver’s inclusion on Forbes’ list underscores her significant achievements and the remarkable growth of Uncle Nearest, cementing her status as a trailblazer in the spirits industry.

Re-reported from the article originally published in Essence.