Fawn Weaver, a Black Woman whose Whiskey Company made history by crossing over $100 million has made yet another interesting move as she crossed the ‘business border’ to buy a bank.
Before she turned nineteen, Fawn Weaver lived in three homeless shelters. Between living in shelters and owning her own home, she has spent time writing biographies of successful entrepreneurs such as Andrew Carnegie, Henry Ford, Charles Schwab, Andrew Mellon, J.D. Rockefeller and J.P. morgan.
Weaver started out with an apartment in 1991, aged just 18, and embarked on a path that would lead her to become a serial entrepreneur.
She worked three jobs while in school to be able to afford her first property. By 2000, she had saved enough to buy two semi-detached houses.
Since then, she and her husband Keith Weaver have gone through several properties that have become their main source of wealth over the past 20 years.
It also launched the Uncle Nearest Premium Whiskey brand, which recently announced it will generate more than $100 million in sales by October 2022, making it one of the most successful black-owned distilleries in the world. The whiskey brand expects to more than double that total by the end of 2023.
As of 2021, the brand is the best-selling African American established brand in the United States, having sold nearly 1.5 million bottles of premium whiskey to order.
The company’s seven-choice whiskey portfolio is available at its distillery in Shelbyville, Tenn., and in all 50 states, territories, and counties nationwide, the company said in a statement.
Uncle Nearest Premium Whiskey was founded by Weaver to honor the memory of Nearest Green, an enslaved African American who helped Jack Daniel’s open his own distillery.
“To achieve this and every other milestone on our horizon, we are relentlessly pushing ourselves. Every penny this company made went back into the business, just as Greene’s closest college-age grandchildren were guided through college and invested in minority-owned companies and entrepreneurs through the Black Business Booster Program.” (BBB), Closer and Jack Progress Initiative (NJAI) and Uncle Closer Ventures,” Weaver said.
The serial entrepreneur is now a co-owner of a bank. In a recent Instagram post, Weaver announced that he’s bought a bank in Tennessee.