Robert Jackson is an entrepreneur who is best known as the founder of the BET channel and as America’s first African-American billionaire.
Johnson founded Black Entertainment Television (BET) in 1979 with his wife, Sheila. BET channel was the first cable network targeting the African-American market. It was launched in January 1980, initially broadcasting for two hours a week. In 1991, BET became the first African American-owned company to be listed on the New York Stock Exchange.
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In 2000, Viacom announced plans to purchase BET. The sale was finalized the following year and Johnson’s majority stake earned him more than $1 billion, making him the richest African American in the United States at that time as well as the first African-American billionaire.
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He became the first African-American billionaire after selling the network to Viacom in 2001. Johnson has since started a new business, the RLJ Companies, and has invested in an NBA team, a film company, and political causes and campaigns.
