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Mellody Hobson

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Information about Mellody Hobson

Profile image of Mellody Hobson

Profession

Category:
BusinessMakers
Occupation(s):
Investment Chief Executive

Favorites

Favorite Color:
Orange
Favorite Food:
Spinach
Favorite Time of Year:
Summer
Favorite Vacation Spot:
Italy
Favorite Quote:
Kill And Drive On.

Birthplace

Born:
4/3/1969
Birth Location:
Chicago, Illinois

Profession

Category:
BusinessMakers
Occupation(s):
Investment Chief Executive

Favorites

Favorite Color:
Orange
Favorite Food:
Spinach
Favorite Time of Year:
Summer
Favorite Vacation Spot:
Italy
Favorite Quote:
Kill And Drive On.

Birthplace

Born:
4/3/1969
Birth Location:
Chicago
See how Mellody Hobson is related to other HistoryMakers

Biography

President of Ariel Investments, one of the largest African American-operated capital management firms in the world, Mellody Hobson was born April 3, 1969, in Chicago. Hobson is the youngest of six children, who range from nine to twenty-five years older than her. After graduating from St. Ignatius College Preparatory in 1987, Hobson attended Princeton University, where she received a B.A. from the Woodrow Wilson School of International Relations in 1991.

While in college, Hobson interned at Ariel Capital Management and T. Rowe Price Associates, both investment firms. Upon graduation, she took a position with Ariel, overseeing client service and taking part in strategic planning. In 1994, Ariel broke off from its parent company, the Calvert Group, and assets dropped by $100 million. Since then, however, things have been up for Hobson and Ariel. Hobson has risen to become president of Ariel, and the firm now manages $10 billion in assets.

Hobson is regularly featured on Good Morning America and can be found on the ABC News Web site as a regular contributor. She also makes regular appearances on CNN and WGN-TV's Minority Business Report. Unbroke:What You Need to Know About Money, the first television show created and hosted by Hobson aired on May 29, 2009. She serves on the board of directors of the Chicago Public Education Fund, the Chicago Public Library and the Field Museum, among many other civic organizations. Hobson also serves on the Board of Trustees of her alma mater, Princeton, and on the Board of Directors of Tellabs, Inc. Ebony named her one of the 30 Leaders of the Future and Crain's Chicago Business has listed her as one of its annual 40 Under 40. At the 2001 World Economic Forum in Davos, Switzerland, Hobson was named a Global Leader of Tomorrow.

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  • Tape: 1 Story: 1 - Slating of Mellody Hobson's interview
  • Tape: 1 Story: 2 - Mellody Hobson lists her favorites
  • Tape: 1 Story: 3 - Mellody Hobson talks about her mother's family
  • Tape: 1 Story: 4 - Mellody Hobson talks about her father
  • Tape: 1 Story: 5 - Mellody Hobson recalls her earliest memory of her grandfather's funeral
  • Tape: 1 Story: 6 - Mellody Hobson explains how her mother got involved in real estate
  • Tape: 1 Story: 7 - Mellody Hobson lists her siblings
  • Tape: 1 Story: 8 - Mellody Hobson describes her relationship with her older siblings and nieces
  • Tape: 1 Story: 9 - Mellody Hobson describes her experience at William B. Ogden Elementary School in Chicago, Illinois
  • Tape: 1 Story: 10 - Mellody Hobson talks about encountering racism as a child
  • Tape: 1 Story: 11 - Mellody Hobson describes the neighborhood she grew up in Chicago, Illinois' Gold Coast neighborhood
  • Tape: 1 Story: 12 - Mellody Hobson describes her childhood personality
  • Tape: 1 Story: 13 - Mellody Hobson explains her mother's influence
  • Tape: 1 Story: 14 - Mellody Hobson talks about learning from her siblings' lives and reading biographies
  • Tape: 2 Story: 1 - Mellody Hobson describes the sights, sounds, and smells of growing up in Chicago, Illinois
  • Tape: 2 Story: 2 - Mellody Hobson recalls transformative early educational experiences
  • Tape: 2 Story: 3 - Mellody Hobson talks about going to work with her mother
  • Tape: 2 Story: 4 - Mellody Hobson recalls her teachers at William B. Ogden Elementary School in Chicago, Illinois
  • Tape: 2 Story: 5 - Mellody Hobson recounts her experience winning a district-wide school speech contest in sixth grade
  • Tape: 2 Story: 6 - Mellody Hobson talks about her early experiences in radio and television
  • Tape: 2 Story: 7 - Mellody Hobson explains how she decided to attend Saint Ignatius College Prep high school in Chicago, Illinois
  • Tape: 2 Story: 8 - Mellody Hobson describes her experience at Saint Ignatius College Prep in Chicago, Illinois
  • Tape: 2 Story: 9 - Mellody Hobson remembers her Kairos retreat during her time at Saint Ignatius College Prep in Chicago, Illinois
  • Tape: 2 Story: 10 - Mellody Hobson reflects on her education at Saint Ignatius College Prep in Chicago, Illinois
  • Tape: 3 Story: 1 - Mellody Hobson recalls her early interest in news and world events
  • Tape: 3 Story: 2 - Mellody Hobson describes the approach to controversial issues at Saint Ignatius College Prep in Chicago, Illinois
  • Tape: 3 Story: 3 - Mellody Hobson remembers Harold Washington's election and death
  • Tape: 3 Story: 4 - Mellody Hobson explains how she decided to attend Princeton University in New Jersey, pt. 1
  • Tape: 3 Story: 5 - Mellody Hobson explains how she decided to attend Princeton University in New Jersey, pt. 2
  • Tape: 3 Story: 6 - Mellody Hobson recalls her first impressions at Princeton University in New Jersey
  • Tape: 3 Story: 7 - Mellody Hobson recounts overcoming an early academic challenge at Princeton University in New Jersey
  • Tape: 3 Story: 8 - Mellody Hobson remembers meeting Nelson Mandela on a college trip to South Africa
  • Tape: 4 Story: 1 - Slating of Mellody Hobson's interview, session two
  • Tape: 4 Story: 2 - Mellody Hobson describes her how her perspective changed after visiting South Africa in 1991
  • Tape: 4 Story: 3 - Mellody Hobson recalls her internship at Ariel Capital Management in 1989
  • Tape: 4 Story: 4 - Mellody Hobson recounts the early years of Ariel Capital Management
  • Tape: 4 Story: 5 - Mellody Hobson talks about interning at T. Rowe Price Associates
  • Tape: 4 Story: 6 - Mellody Hobson explains how her studies led to working in the investment management business
  • Tape: 4 Story: 7 - Mellody Hobson details the work involved with Marketing and Client Services for Ariel Capital Management
  • Tape: 4 Story: 8 - Mellody Hobson remembers meeting Richard "Dick" Parsons
  • Tape: 4 Story: 9 - Mellody Hobson recalls disappointing business meetings
  • Tape: 4 Story: 10 - Mellody Hobson talks about the challenges that Ariel Capital Management faced in the 1990s
  • Tape: 4 Story: 11 - Mellody Hobson talks about her career focus and the support she received from HistoryMaker John Rogers, Jr.
  • Tape: 5 Story: 1 - Mellody Hobson talks about the support she's received from others
  • Tape: 5 Story: 2 - Mellody Hobson details her career progression at Ariel Capital Management
  • Tape: 5 Story: 3 - Mellody Hobson describes the challenges Ariel Capital Management faced when it separated from the Calvert Group, Ltd.
  • Tape: 5 Story: 4 - Mellody Hobson talks about Ariel Capital Management's contrarian strategy
  • Tape: 5 Story: 5 - Mellody Hobson elaborates on the decision to split from the Calvert Group, Ltd.
  • Tape: 5 Story: 6 - Mellody Hobson shares the lessons she learned from Ariel Capital Management's partnership with the Calvert Group Ltd.
  • Tape: 5 Story: 7 - Mellody Hobson reflects upon lessons she learned during challenging times at Ariel Capital Management, pt. 1
  • Tape: 5 Story: 8 - Mellody Hobson discusses the competition that faced Ariel Capital Management during its early years
  • Tape: 5 Story: 9 - Mellody Hobson recalls Ariel Capital Management winning key accounts in 1997
  • Tape: 5 Story: 10 - Mellody Hobson talks about her promotion to senior vice president within Ariel Capital Management
  • Tape: 6 Story: 1 - Slating of Mellody Hobson's interview, session three
  • Tape: 6 Story: 2 - Mellody Hobson explains how Ariel Capital Management emerged from the difficult period of the mid-1990s
  • Tape: 6 Story: 3 - Mellody Hobson lists key people and their roles within Ariel Capital Management
  • Tape: 6 Story: 4 - Mellody Hobson explains the origin of Ariel Capital Management's turtle mascot
  • Tape: 6 Story: 5 - Mellody Hobson explains the philosophy that Ariel Capital Management's mascot represents
  • Tape: 6 Story: 6 - Mellody Hobson talks about her strengths and approach to work
  • Tape: 6 Story: 7 - Mellody Hobson reflects upon lessons she learned during challenging times
  • Tape: 6 Story: 8 - Mellody Hobson talks about Ariel Capital Management's steadfastness in the face of radical economic changes
  • Tape: 7 Story: 1 - Mellody Hobson lists the writers who influenced Ariel Capital Management's philosophy
  • Tape: 7 Story: 2 - Mellody Hobson talks about Ariel Capital Management's selection of clients
  • Tape: 7 Story: 3 - Mellody Hobson explains how Ariel Capital Management evaluates its prospective investments
  • Tape: 7 Story: 4 - Mellody Hobson explains the work involved in portfolio management
  • Tape: 7 Story: 5 - Mellody Hobson explains the difference between value investing and growth investing
  • Tape: 7 Story: 6 - Mellody Hobson talks about her ability to communicate complex concepts
  • Tape: 7 Story: 7 - Mellody Hobson reflects on how writing and research developed her skill set
  • Tape: 7 Story: 8 - Mellody Hobson recalls an ad featuring Ariel Capital Management's diversity
  • Tape: 7 Story: 9 - Mellody Hobson discusses the response to Ariel Capital Management's ad featuring its diversity
  • Tape: 7 Story: 10 - Mellody Hobson talks about Ariel Capital Management's sponsorship campaigns
  • Tape: 7 Story: 11 - Mellody Hobson talks about creating an investment market for the African American community
  • Tape: 8 Story: 1 - Mellody Hobson details her duties as the unofficial "chief-of-staff" at Ariel Capital Management
  • Tape: 8 Story: 2 - Mellody Hobson reflects on lessons she learned about effective management
  • Tape: 8 Story: 3 - Mellody Hobson remembers campaigning for former senator Bill Bradley
  • Tape: 8 Story: 4 - Mellody Hobson reflects on the lessons learned from political campaigning
  • Tape: 8 Story: 5 - Mellody Hobson lists the dates for the Hoopla events
  • Tape: 8 Story: 6 - Mellody Hobson recalls joining MBR: Minority Business Report
  • Tape: 8 Story: 7 - Mellody Hobson shares her disappointment about former Senator Bill Bradley losing the presidential nomination
  • Tape: 8 Story: 8 - Mellody Hobson talks about how she joined 'Good Morning America'
  • Tape: 8 Story: 9 - Mellody Hobson shares the lessons she learned from Diane Sawyer
  • Tape: 9 Story: 1 - Mellody Hobson explains how she became president of Ariel Capital Management
  • Tape: 9 Story: 2 - Mellody Hobson talks about the changes that occurred when she became president of Ariel Capital Management
  • Tape: 9 Story: 3 - Mellody Hobson discusses her plans for Ariel Capital Management
  • Tape: 9 Story: 4 - Mellody Hobson describes the challenges that come with the pursuit of success
  • Tape: 9 Story: 5 - Mellody Hobson describes how she would like to be remembered
  • Tape: 9 Story: 6 - Mellody Hobson describes how she believes others will perceive her life