The first black billionaire is always assumed to be Oprah Winfrey due to her fame, noteriety and popularity , but truth is the first black billionaire was a man who founded BET -Black Entertainment Television, Robert L. Johnson.
In 2001, Johnson became the first African American billionaire, and the first black person to be listed on any of Forbes world’s rich list.
Robert L. Johnson (born April 8, 1946) is an American busineess magnate best known for being the founder of television network Black Entertainment Television (BET), and is also its former chairman and chief executive officer.
He obtained the title of the first black billionaire by owning a company known as Black entertainment Television (BET) a cable television channel company that is dedicated to black music and shows. BET was bought out by Viacom in 1998 for about 3 billion dollars. Robert Johnson had 68% stake in the company making him the first black African American billionaire.
Johnson is currently chairman and founder of RLJ Development and former majority owner of the NBA’s franchise Charlotte Bobcats along with rapper Nelly and NBA legend and current majority owner Michael Jordan.