In addition to being the CEO of Ariel Investments, Mellody Hobson (born April 3, 1969) serves as chairwoman of Starbucks Corporation and as president and co-CEO of Starbucks. She stepped down as DreamWorks Animation’s chairwoman in August 2016 after finalizing the sale of DreamWorks Animation SKG, Inc. by NBCUniversal. In 2017, she became the first African-American woman president of the Economic Club of Chicago. She was also named chair of the Starbucks board of directors in 2021, making her one of the most well-known corporate directors.
She is listed #94 on Forbes’ list of the World’s 100 Most Powerful Women as of 2020. On December 26, 2020, she became the first black woman to lead an S&P 500 company when she was named the chairwoman of Starbucks Corporation.
Mellody Hobson Early Life
Since she was raised by a single mother and had six siblings, Hobson felt anxious about her domestic status and was embarrassed to invite her friends around because of the stigma. For her, the “very terrible financial decisions” of her mother shaped who she is now, leading to an obsession with money management that eventually led her to pursue a career in finance.
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Mellody Hobson College Life
Hobson’s hard work and excellent grades paid off, as she was accepted to Princeton, an Ivy League school. She received Pell grants, loans, and financial aid to pay for her education. Ariel Investments hired her full-time after she graduated with her bachelor’s degree. In 2000, she was elected Ariel’s President, becoming its first female leader.
Mellody Hobson Career
Additionally, she serves on the boards of Ariel Investments and Starbucks. Mellody worked as Ariel’s president for two decades and as chairman of the board of trustees for Ariel Investment Trust before her formal appointment as co-CEO.
Additionally, she is a regular guest on the Tom Joyner Morning Show where she gives money advice, and she writes a regular column for Black Enterprise. She also serves on the board of JPMorgan Chase as a director. Since she was born into poverty, Hobson has made it her life’s work to learn how to invest money wisely and pass that knowledge on to other people.
Mellody Hobson Personal Life
George Lucas, a film director, and producer, began dating Mellody Hobson. The ceremony was conducted at the A Skywalker Ranch in Marin County, California, which Hobson and her husband George Lucas own. The couple married in 2013.
There are no words to describe my admiration for this legend @lewishamilton. One hundred Formula 1 wins have never been accomplished before. Yes, you are a great driver—but you are an even better person and little brother. pic.twitter.com/ol5knEu8sH
— Mellody Hobson (@MellodyHobson) September 28, 2021
In August of 2013, they welcomed “Everest Hobson Lucas,” their first child together, who was delivered via surrogacy. She makes it a point to prevent what she has gone through in the past from affecting anyone else.
Mellody Hobson Achievements
It was once said of Hobson that she wanted to do anything she could to ease the financial concerns of others. Her work has inspired many people around the world, and she has been included in Time’s 100 most influential people in the world and Lincoln Academy of Illinois’ annual list.
She became the first African-American woman to hold the position of chair of the Chicago Economic Club. “20 leaders of the future” and a few more magazines have recognized her abilities.
Mellody Hobson Assets
Hobson and her husband George Lucas enjoy a lavish way of life, with a slew of properties spread throughout the globe that they own together. In Marin County, they have a 6,000-acre Skywalker Ranch; in Los Angeles, they have a 9,000-square-foot mansion; in Carpinteria, they have a seaside property; and so on. These luxurious residences were purchased by her husband, George, for a large sum of money.
Mellody Hobson’s Net Worth
An American businesswoman, Mellody Hobson, with a net worth of over $100 million. Mellody’s marriage to Hollywood mogul George Lucas made national headlines in 2013.
Princeton’s Woodrow Wilson School of Public and International Affairs is where Mellody Hobson received her undergraduate and graduate degrees. She rose to the positions of Senior Vice President and Director of Marketing after joining Ariel Investments, LLC. In her first year as president, she was in charge of a portfolio worth more than $3 billion. She serves on the boards of numerous organizations, including the Sundance Institute and the Chicago Public Library, and is the Chairman of the Board of Trustees for Ariel Mutual Funds.