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George Stiebel: The First Black Jamaican Billionaire Who Built an Empire from Grit and Vision
George Stiebel, often remembered as Jamaica’s first Black millionaire—and widely regarded by historians as the nation’s first Black billionaire by today’s standards—was a man whose story epitomises ambition, perseverance, and self-determination in the face of racial and social barriers. Born in 1820 in Kingston, Jamaica, Stiebel rose from humble beginnings to become one of the island’s most influential businessmen and property owners during the 19th century.
Humble Beginnings
George Stiebel was born to a German Jewish father and an African Jamaican mother in a time when Jamaica’s social hierarchy was deeply influenced by race and class. Despite limited opportunities for people of African descent, Stiebel showed a remarkable entrepreneurial spirit from an early age. He began his working life as a carpenter’s apprentice before venturing into trade, where he quickly demonstrated a natural gift for business.
From Merchant to Mogul
Stiebel’s fortunes began to rise when he became involved in maritime trade. He invested in small ships that transported goods between the Caribbean islands and South America. This early success laid the foundation for his empire. However, his major breakthrough came in South America, particularly in Venezuela, where he invested in gold mining during the mid-1800s.
His gamble paid off enormously. Stiebel struck gold—literally—and became immensely wealthy. By the time he returned to Jamaica in the 1870s, his fortune had grown so vast that he stood among the richest men in the Caribbean.
At a time when colonial Jamaica still operated under racial prejudice and economic inequality, George Stiebel’s success was revolutionary. He became a symbol of Black achievement and economic power in a society that rarely acknowledged such possibilities for people of colour.
He used his wealth not only to elevate himself but also to contribute to Jamaican society. Stiebel invested heavily in real estate, building and purchasing some of the most impressive properties on the island.
Devon House: A Monument to Legacy
His most famous creation remains Devon House, built in 1881 in Kingston. The grand Georgian-style mansion stood as a symbol of pride and independence. At a time when affluent residences were primarily owned by Europeans, Stiebel’s home was a direct challenge to colonial social norms.
Today, Devon House is one of Jamaica’s most celebrated national heritage sites—a museum and cultural landmark that honours Stiebel’s contribution to the nation’s history. The property attracts thousands of visitors each year, serving as a lasting reminder of his pioneering legacy.
Philanthropy and Influence
Beyond business, Stiebel was known for his philanthropy. He funded community projects, supported education, and provided opportunities for those less fortunate. His wealth, however, also drew envy and scrutiny, and his achievements were often met with resistance by Jamaica’s colonial elite. Still, he remained undeterred, continuing to expand his enterprises and influence.
Legacy of a Visionary
George Stiebel passed away in 1896, but his story continues to inspire generations of Jamaicans and the wider African diaspora. He was more than a businessman—he was a trailblazer who redefined what success could look like for Black people in a colonial world.
From a carpenter’s apprentice to a global entrepreneur and property magnate, Stiebel’s life is a powerful reminder that vision, courage, and determination can defy any barrier. Today, as visitors walk through the halls of Devon House, they are not just seeing a mansion—they are witnessing the enduring legacy of Jamaica’s first Black billionaire.
Attached is a news article regarding George stiebel the first black Jamaican billionaire
https://www.my-island-jamaica.com/who_was_the_first_jamaican_millionaire.html
Article written and configured by Christopher Stanley
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