Black Lives Matter Co-Founder Resigns from Post After Portfolio Controversy

Black Lives Matter Co-Founder Resigns from Post After Portfolio Controversy patrisse cullors speaks into mic as she sits onstage Patrisse Cullors speaks on stage at the Teen Vogue Summit 2019 at Goya Studios on Nov. 02, 2019, in Los Angeles, California. (Rich Fury/Getty Images for Teen Vogue)

By Theodore Bunker | Friday, 28 May 2021 01:40 PM

A Black Lives Matter co-founder has resigned from her post as executive director of the controversial group, a move she claimed was long in the works and came before reports surfaced that she owns multiple properties worth millions of dollars, The Telegraph reported.

Patrisse Cullors announced her resignation Friday, saying she has been the victim of "right-wing attacks that tried to discredit my character," and that her departure had been planned for months and is due to her new book and a television agreement. She denied that her finances had impacted her decision. Reports emerged last month that Cullors owns four properties, including a house worth $1.4 million in Malibu and a Georgia ranch, in a portfolio worth about $3 million all together.

"I've created the infrastructure and the support, and the necessary bones and foundation, so that I can leave," she said. "It feels like the time is right. I don’t operate off of what the right thinks about me."

Monifa Bandele, Chief Operating Officer at Time’s Up Foundation, and Makani Themba, Chief Strategist at Higher Ground Change Strategies and the former executive director of The Praxis Project, will join the Black Lives Matter Global Network Foundation as senior executives following Cullors’ departure.

"As a strong advocate for the transformation of black lives and the end of white supremacy, I’m eager to continue the foundation’s great work over the coming months," Bandele said in a statement. "I’m fortunate to follow the creative and successful leadership of so many across the country, who have set a bold path for the foundation."

Themba added: "BLM was and continues to be an organization that is centered on our love for black people. I am looking forward to working alongside the powerful team at BLMGNF and BLM Grassroots to continue to work towards black liberation."

Cullors said her two replacement will leave the organization in "good hands" and predicts BLM "will truly thrive."

Cullors has previously come under fire from the right after calling to "end the imperialist project that’s called Israel," during a panel hosted by Harvard Law School in 2015.

She also recounted her "historic trip to Palestine," saying: "Nothing would have prepared me for the ways in which we witness people’s terror. People live in terror on a daily basis, and nothing would have prepared me for how much clarity I would have on why we have to be a part of Palestinian solidarity."

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