​Investigation demanded after Black Lives Matter co-founder exposed for ‘real estate-buying binge’​

News & Politics

The leader of Black Lives Matter Greater New York City is calling for an investigation after a new report revealed that a co-founder of Black Lives Matter has purchased four expensive homes over the past several years.

Hawk Newsome, leader of Black Lives Matter Greater New York City, is demanding an “independent investigation” into the finances of Black Lives Matter.

“If you go around calling yourself a socialist, you have to ask how much of her own personal money is going to charitable causes,” Newsome told the New York Post. “It’s really sad because it makes people doubt the validity of the movement and overlook the fact that it’s the people that carry this movement.”

“We need black firms and black accountants to go in there and find out where the money is going,” he added.

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What are the allegations?

According to the New York Post, Black Lives Matter co-founder Patrisse Khan-Cullors went on a “real estate-buying binge, snagging four high-end homes for $3.2 million in the US alone” since 2016.

Not only does she own the $1.4 million property in Topanga Canyon that was widely reported on, but she has purchased three other properties in recent years, and even reportedly considered buying property in an exclusive resort in the Bahamas where Tiger Woods and Justin Timberlake own property.

The three other properties include, according to the Post:

  • A three-bedroom home in Inglewood, California, that she purchased in 2016 for $510,000, which is now reportedly worth approximately $800,000
  • A four-bedroom home in South Los Angeles that she purchased in 2018 for $590,000, which is now reportedly worth $720,000
  • A three-bedroom property on 3.2 acres in rural Conyers, Georgia, that reportedly has its own private runway that accommodates small airplanes

The average home price in the U.S. stands at around $270,000, according to Zillow, whereas the average home price in California is $635,000.

Anything else?

Black Lives Matter has faced scrutiny over alleged transparency issues with their finances, especially considering the organization has both non-profit and for-profit arms.

From the New York Post:

Founded by Khan-Cullors and another activist, Kailee Scales, the non-profit Oakland, Calif.-based BLM Global Network Foundation was incorporated in 2017 and claims to have chapters throughout the US, UK and Canada, and a mission “to eradicate White supremacy and build power to intervene in violence inflicted on Black communities.” The group does not have a federal tax exemption and donations are filtered through ActBlue Charities and Thousand Currents, two non-profits that manage the cash.

At the same time that the Khan-Cullors incorporated the non-profit, she also set up the similarly named BLM Global Network, a for-profit which is not required to disclose how much it spends or pays its executives.

Neither Khan-Cullors nor Black Lives Matter have responded to the intensifying scrutiny around the group’s finances.

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