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n 2001 Johnson sold BET to Viacom. The deal was worth $3 billion and required that Johnson remain CEO for five more years. This move made Johnson the first African American billionaire in the United States.

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Q: By what measure did Robert L. Johnson profit from Black Entertainment Television?
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Related questions

Who was the founder of BET?

Robert L. Johnson is the founder of Black Entertainment Television.


Which individuals created the Black Entertainment Television BET network and became the first African American billionaire?

The Black Entertainment Television (BET) network was created by Robert L. Johnson and his wife Sheila Johnson. Robert L. Johnson became the first African American billionaire after selling BET to Viacom in 2001.


Who is the first African American billionaire?

Oprah Winfrey was the first AFRICAN AMERICAN WOMEN to be billionaire Robert Johnson, the former owner and CEO of Black Entertainment television is the First


Under what circumstances did Robert L. Johnson found Black Entertainment Television?

Silverman wanted Pepper's support for his idea of starting a cable channel for older Americans. Johnson realized this concept would work well for African Americans, an underserved market in communication


Who was the first African American billionaire?

Robert Johnson, the former owner and CEO of Black Entertainment television, was the first African American billionaire. As you may know, Oprah was the first African American LADY billionaire. =) I just figured out that Robert Church was the first black billionare


What does BET stand for that was created by Robert Johnson the first black male billionaire?

BET stands for Black Internet Television, a TV station created specially for African Americans.


Who was.the first black to own a tv network?

The Black Entertainment Television Network was founded in 1980 by Robert Johnson (Bob Johnson, owner of the Charlotte Bobcats). He was born on April 8, 1946 in Hickory Mississippi. His family was not wealthy at all. he was the tenth of his parents eleven children. Bob Johnson worked hard to get to where he wanted to be . He succeeded in all of his dreams and he is now known as the first African American Billionaire. Ref: http://en.wikipedia.org/wiki/Robert_L._Johnson


In what ventures has Robert L. Johnson invested since selling Black Entertainment Television?

He also developed hotels under L.J. Development; Leeward Islands Lottery Holdings Company, an online lottery company; Ortanique Restaurants; Wolverine Pizza; and Three Key Music, a jazz recording company.


Who are the owners of BET?

Robert L. Johnson


IS Robert L Johnson DEAD?

no Robert l. Johnson is not dead


What year did Robert Johnson become a billionaire?

Specify WHICH Robert Johnson.


What is the sexual orientation of Robert L Johnson?

Robert L. Johnson is heterosexual.