The majority of slaveholders, white and black, owned only one to five slaves. More often than not, and contrary to a century and a half of bullwhips-on-tortured-backs propaganda, black and white masters worked and ate alongside their charges; be it in house, field or workshop. The few individuals who owned 50 or more slaves were confined to the top one percent, and have been defined as slave magnates.
In 1860 there were at least six Negroes in Louisiana who owned 65 or more slaves The largest number, 152 slaves, were owned by the widow C. Richards and her son P.C. Richards, who owned a large sugar cane plantation. Another Negro slave magnate in Louisiana, with over 100 slaves, was Antoine Dubuclet, a sugar planter whose estate was valued at (in 1860 dollars) $264,000 (3). That year, the mean wealth of southern white men was $3,978 (4).
In Charleston, South Carolina in 1860 125 free Negroes owned slaves; six of them owning 10 or more. Of the $1.5 million in taxable property owned by free Negroes in Charleston, more than $300,000 represented slave holdings (5). In North Carolina 69 free Negroes were slave owners (6).
In 1860 William Ellison was South Carolina's largest Negro slaveowner. In Black Masters. A Free Family of Color in the Old South, authors Michael P. Johnson and James L. Roak write a sympathetic account of Ellison's life. From Ellison's birth as a slave to his death at 71, the authors attempt to provide justification, based on their own speculation, as to why a former slave would become a magnate slave master.