The first black billionaire is always assumed to be Oprah Winfrey because of her fame and popularity , but truthfully the first black billionaire was a man by the name of Robert Johnson. 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. This company 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 after taxes of course
He was also the rich the richest black billionaire for some time until he had a divorce with his wife Sheila Johnson which also can be said as the first female black billionaire before Oprah Winfrey. Today He is 61 years old and just recently got his net worth above the billion dollar mark barely missing Forbes 400 list of billionaires which the minimum of making it on the list is 1.3 billion dollars.
Saturday, December 15, 2007 by Credit Card Toplist