Mellody Hobson made history as the first Afro-American woman to be awarded the Order of Lincoln by the government of Illinois, thanks to her achievements in the financial sector. She has always had an interest in finance and started to nurture herself in the field right from her days in college. A chance to intern at Ariel Capital Management and T. Rowe Price Associates in Chicago sealed her fate and as they say, the rest is history.
Hobson is not only known as a businesswoman, she is the wife of prominent Hollywood filmmaker, George Lucas, who is widely admired as the creator of the iconic Star Wars series. Though he has a different career, Lucas is no different from his wife as he has recorded great success in his chosen field. Even with their busy career, the couple has been able to make their union work.
The American Businesswoman Started Building Her Career While in College
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Mellody Hobson commenced her illustrious career while still in college. As a student, she interned at investment firms such as Ariel Capital Management and T. Rowe Price Associates in Chicago. She joined Ariel investments as a fulltime staff upon graduation in 1991.
With her mind made up to succeed in her chosen career path, Hobson quickly rose through the ranks by sheer dint of hard work and determination. With time, she became the company’s senior vice president as well as director of marketing, but that was just the beginning for the financial guru.
Approximately nine years after she joined the firm, Hobson became its president. The Chicago firm now has assets estimated in excess of $13 billion under its management. Besides, the company is listed among the largest African American-owned money management and mutual fund companies in the United States of America. The firm has invested more power in the financial expert, making her Chairman of the Board of Trustees of Ariel Investment Trust.
The Immense Clout She Carries as a Financial Expert Manifests Beyond Ariel Capital
Thanks to her excellent work at Ariel, Mellody Hobson has been invited to join the board of many organizations which include the likes of the Chicago Public Education Fund, the Sundance Institute, the Lucas Museum of Narrative Art, as well as JP Morgan Chase & Co. Hobson serves on the board of Starbucks Corporation and was formerly part of The Estée Lauder Companies Inc.
The Chicago native has also made appearances on TV networks such as CNN and ABC to give her take on various economic issues. Her stint on ABC includes hosting a show titled Unbroke: What You Need to Know About Money. The show featured some celebs like Oscar the Grouch, the Jonas Brothers, and Samuel L. Jackson.
She appears on CBS This Morning as a regular contributor on financial issues and served as a spokesperson for the yearly Ariel/Schwab Black Investor Survey. On the 6th of August 2017, Mellody Hobson was featured as a guest-host on CBS Sunday Morning’s annual Money Issue episode.
She also sits on the board of several philanthropic organizations; one of them is the After School Matters. This is an initiative aimed at providing Chicago teens with quality after-school programs. The Ariel boss obviously cares for humanity as she took to Instagram to advise people to keep their masks on.
Time Named Mellody Hobson One of The Most Influential People on Earth
In recognition of her achievements in the financial sector, the American news magazine named Mellody on its 2015 list of 100 most influential people in the world.
Before that and in 1992, Mellody made Ebony magazine’s list of 20 Leaders of the Future. Similarly, Working Women Magazine named her in their list of 20 Under 30 in 1992. About nine years later in 2001, the African American earned a place on the line up of Global Leaders of Tomorrow as recognized by the World Economic Forum.
That’s not all, Esquire named her as America’s Best and Brightest in 2002 and The Wall Street Journal celebrated her as one of the 50 Women to Watch in 2004.
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Having grown up the youngest of 6 kids to a single mom, I know first hand what bleak looks like. Today, so many feel the financial devastation of this pandemic. FDR was president during the Great Depression and WWII. Hardship was everywhere. A century later, his words still encourage me. #shareariel
She Met Her Husband at a Business Conference in 2005
Mellody Hobson is married to George Lucas, one of the most distinguished filmmakers in the history of Hollywood. The couple’s love story is quite an interesting one and they dated for seven years before deciding to make things official. Their union ranks among the most successful multi-racial marriages in recent history.
Mellody Hobson and her husband met for the first time in 2005, and it was at a business conference. They started dating in 2006 and decided to make things official in 2013 when they announced their engagement. That same year, precisely on the 22nd of June, the couple tied the knot at Lucas’ Skywalker Ranch near San Francisco.
The ceremony had prominent guests such as Steven Spielberg, Oprah Winfrey, Samuel L. Jackson, and Harrison Ford in attendance. The couple also held a larger party at Promontory Point, Chicago.
Mellody Isn’t The First Wife of George Lucas and They Have a Child Together
Hobson and her husband have a daughter together, her name is Everest Hobson Lucas and she was born in August 2013 through a surrogate. George Lucas also has three adopted children: two daughters named Katie and Amanda Lucas, as well as a son named Jett Lucas.
Before she met and got married to the popular filmmaker, he had married and divorced the Oscar-winning American film editor, Marcia Lucas. George and Marcia got married in 1969 and the union packed up in 1983.
The Couple Pledge to Donate Majority of Their Wealth, What’s Their Net Worth?
Hobson and her husband are very charitable. They have donated millions in support of many causes. The couple has also signed The Giving Pledge, an initiative of Bill Gates, Melinda Gates, and Warren Buffet. It revolves around wealthy people pledging to donate half of their fortune to charity.
If what has circulated on various platforms is true, then Mellody Hobson has a net worth of $10 million. This is a huge sum but it is not a significant amount compared to her husband’s fortune estimated at $5.7 billion.
The filmmaker earned his enormous wealth from his successful film production company and his merchandising rights in the Star Wars franchise. Selling Lucasfilm to Disney for $4.05 billion is the major reason he’s worth so much.