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John W. Rogers Jr.

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John W. Rogers Jr.

John Washington Rogers Jr. (born March 31, 1958) is an American investor and founder of Ariel Capital Management (now Ariel Investments, LLC), founded in 1983. He is chairman and co-CEO of the company, which is the United States' largest minority-run mutual fund firm. He has been a regular contributor to Forbes magazine for most of the last decade. Active in the 2008 Barack Obama presidential campaign, Rogers was a leader of the 2009 inauguration committee.

Rogers was appointed the board president of the Chicago Park District for six years in the 1990s. He has also been appointed board member to several companies, as a leader of several organizations affiliated with his collegiate alma mater, and as a leader in youth education in his native Chicago. In 2007, Rogers was honored with the Woodrow Wilson Award from Princeton University for the breadth and depth of his service to many organizations. While a student at Princeton, he was captain of the 1979–80 Ivy League co-champion Princeton Tigers men's basketball team, and in his later life would go on to beat Michael Jordan in a 1-on-1 match, recorded by the Wall Street Journal.

He is the only son of Jewel Lafontant and John W. Rogers Sr. His mother was the first African American woman to graduate from the University of Chicago Law School in 1946. She became a prominent Republican lawyer, and she nominated Richard Nixon, who won the Republican Party Presidential Nomination, at the 1960 Republican National Convention. His father was a Tuskegee airman pilot with over 100 combat missions of service during World War II and an eventual Cook County judge for twenty years. His parents divorced in 1961 and his mother died in 1997. Rogers was three years old when his parents divorced.

One of Rogers' great-grandfathers owned the Stratford Hotel in Greenwood, Tulsa, Oklahoma, known as The Black Wall Street. The hotel was destroyed in the Tulsa race riot. Rogers helped finance Before They Die!, a documentary detailing some survivor accounts, and made a brief appearance in the film. Another of his ancestors is the Yoruba royal-turned-American slave Scipio Vaughan, whose family has had many prominent members over the years.

Rogers was raised in the Hyde Park community area of Chicago's South Side, and graduated from the University of Chicago Laboratory Schools in 1976. At the age of 12 his father started giving him dividend-paying stocks. He went to college at Princeton University, where he spent time at his local stock brokerage and where he was influenced by Burton Malkiel's A Random Walk Down Wall Street.

He was a college basketball teammate of Craig Robinson, and was captain of the 1979–80 Ivy League co-champion Princeton Tigers men's basketball team. He had a habit of perusing business journals and calling his broker from stadium payphones. Rogers credits Pete Carril, his basketball coach, as his greatest college influence because Carril stressed precision and teamwork.

Rogers studied economics at Princeton. After graduating in 1980, he worked for William Blair & Company in Chicago. A few years later, and with the financial backing of family and friends, he opened his own firm, starting with the Municipal Employees' Annuity & Benefit Fund of Chicago as his first account.

Rogers is the founder of Ariel Capital Management. The firm was established in July 1983 with $10,000 in financial support from friends and family. The Ariel fund became public on November 6, 1986. In November 2000, he had 41 employees. In February 2002, the company had 51 employees and more than 120 institutional clients (including United Airlines, ChevronTexaco, and the California State Teachers' Retirement System), which grew to include institutional clients such as Wal-Mart and PepsiCo by April 2005. The company has over 100 employees as of 2008. In 2008, the company changed its name to Ariel Investments, LLC.

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