- Cullors co-founded Black Lives Matter back in 2013
- The organization has experienced a surge in donations in the past year following the death of George Floyd
- Cullors came under fire last month after it was revealed she had amassed a $3 million property portfolio in recent years
- She called criticism of her personal spending a ‘racist and sexist’ attack by ‘right wing media’
- However, BLM members have also called for a probe into the organization’s spending and finances
- The BLM foundation revealed in February that it took in just over $90 million last year; they spent a quarter of their assets on ‘operating expenses’
- Cullors has allegedly only been paid $120,000 by BLM since its inception in 2013
- Despite being a self-professed ‘trained Marxist’, she has amassed considerable wealth through speaking engagements and book and TV deals
Black Lives Matter co-founder Patrisse Cullors is stepping down as executive director of the organization amid controversy over her $3 million property portfolio.
Cullors, who has been at the helm of the Black Lives Matter Global Network Foundation for nearly six years, announced the news on Thursday.
The 37-year-old activist told The Associated Press that she is leaving to focus on other projects, including the upcoming release of her second book and a multi-year TV development deal with Warner Bros.
‘I’ve created the infrastructure and the support, and the necessary bones and foundation, so that I can leave,’ Cullors stated. ‘It feels like the time is right.’
However, her departure comes after it was revealed last month that she has amassed a $3 million property portfolio, despite describing herself as a trained Marxist”.
Cullors faced fierce backlash over revelations about her personal spending – including the recent purchase of a $1.4 million home in a ritzy L.A. neighborhood.
It caused many to question what percentage of BLM donations were actually going towards social justice programs.