Mellody Hobson

Monica Schipper—Getty Images
  • Title
    Co-CEO and President
  • Affiliation
    Ariel Investments
  • Age
  • 2020 Rank

A longtime advocate for closing the racial wealth gap, Hobson is a key leader and adviser of choice on race issues at some of the Fortune 500’s largest companies. On the board of JPMorgan Chase and Starbucks, Hobson in December had her position at the latter company elevated to nonexecutive chair. In February, Ariel Alternatives, a private investing firm co-founded by Hobson, launched Project Black, an initiative investing in Black- and Latinx-owned companies.

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