Sheila Johnson Net Worth: A Black Woman Who Built a Billion-Dollar Empire

Coming to America (1988), Shakedown (1988), and Space Rangers (1993) are just a few of the films in which Sheila Johnson appeared. Sheila Johnson is an American citizen who was born in Los Angeles on the. Sheila Johnson will be N/A years old in 2023. Read on for additional information about Sheila Johnson. The wealth of Sheila Johnson will be revealed here.

Sheila Johnson Net Worth

Forbes estimates Sheila Johnson, an American entrepreneur and philanthropist, to have a net worth of $750 million. She was instrumental in establishing the first African American-focused cable TV network, Black Entertainment Television (BET). Also, she runs the high-end hotel chain management company Salamander Hotels & Resorts.


Together with her then-husband Robert Johnson, Sheila created BET in 1979. The channel started out being broadcast through satellite but saw immediate popularity and extended to cable. With the $3 billion sale of BET to Viacom in 2001, Sheila Johnson became the first African-American woman to become a billionaire.

Sheila Johnson diversified her portfolio after selling BET by purchasing hotels, properties, and professional sports franchises.

She runs a luxury hotel chain with locations in Virginia, Florida, and Maryland under the name Salamander Hotels & Resorts. In addition to being a minority owner of the NBA’s Washington Wizards, she also has a stake in the NHL’s Washington Capitals and the WNBA’s Washington Mystics.

Philanthropy of Sheila Johnson

Philanthropy of Sheila Johnson

Sheila Johnson is a dedicated volunteer and donor. Sheila C. Johnson established the Sheila C. Johnson Foundation to fund initiatives in the areas of arts, education, and culture. The John F. Kennedy Center for the Performing Arts and the National Museum of African American History and Culture both count her as a trustee.

Sheila Johnson: A Woman Who Makes a Difference

Sheila Johnson has been honored with many accolades for her work in the corporate world and her charitable contributions. The readers of Fortune magazine voted her one of the “100 Most Powerful Women in the World” that year (2001). She received the Medal of Freedom from then-President George W. Bush in 2007.

Sheila Johnson: A Successful Entrepreneur and Investor

It is speculated that Sheila Johnson has a net worth of $750 million. She became wealthy through many ventures, such as:

Sheila Johnson, along with her then-husband Robert Johnson, launched Black Entertainment Television (BET) in 1979. Sheila Johnson became the first African-American female millionaire after selling her network to Viacom for $3 billion in 2001.

Salamander Hotels & Resorts is a Virginia, Florida, and Maryland–based luxury hospitality management company owned by Sheila Johnson.

The Washington Wizards (NBA), Capitals (NHL), and Mystics (WNBA) all count Sheila Johnson as a minority owner.

Sheila Johnson is a successful entrepreneur who has also found success in the investment world. She has put money into industries as diverse as healthcare, technology, and real estate.

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