BillionaireNet
Johnson
Sheila Johnson
Rank #3005
UNITED STATESMedia & EntertainmentCable TV, hotels

Sheila Johnson

Net Worth
$1.083B
0% (24h)
Sheila Johnson, a prominent figure in the media and hospitality industries, is a highly successful American businesswoman, philanthropist, and film producer. She is best known as the co-founder of Black Entertainment Television (BET), a pioneering cable network that provided a platform for African American voices. Johnson's entrepreneurial spirit led her to found Salamander Hotels & Resorts in 2005, overseeing a growing portfolio of luxury properties. Her career is marked by significant achievements and a commitment to various philanthropic endeavors, including education, the arts, and community development. Johnson's net worth is estimated to be $850 million to $1 billion.

The Full Dossier

Early Life

Sheila Crump Johnson was born on January 25, 1949, in McKeesport, Pennsylvania. Her father was a neurosurgeon, and her mother was an accountant. She showed an early interest in music, becoming an accomplished violinist. Johnson attended Proviso East High School in Illinois and later graduated from the University of Illinois, Urbana-Champaign with a degree in music.

Rise to Success

In 1979, Sheila Johnson co-founded Black Entertainment Television (BET) with her then-husband, Robert L. Johnson. The network quickly became a cultural phenomenon and a significant success in the media industry. In 2001, Viacom acquired BET for $3 billion. After selling her shares in BET, Johnson transitioned her focus to the hospitality industry, founding Salamander Hotels & Resorts in 2005.

Key Business Strategies

A key business strategy for Johnson has been diversification and a focus on quality. Through Salamander Hotels & Resorts, she has created a portfolio of luxury properties. Johnson also holds ownership stakes in several professional sports teams, including the Washington Mystics (WNBA), Washington Wizards (NBA), and Washington Capitals (NHL). Her investments showcase a strategic approach to wealth management and business expansion.

Philanthropy

Sheila Johnson is a dedicated philanthropist, contributing significantly to education, the arts, and humanitarian causes. She co-founded the Sheila C. Johnson Center for Clinical Services at the University of Virginia, supporting mental health services. Johnson has also served as a global ambassador for CARE, a leading aid organization. Her philanthropic efforts have made a positive impact on countless lives, reflecting her dedication to giving back to the community.

Career Timeline

2024

Joined PBS Foundation Board

Elected to the PBS Foundation Board of Directors.

2006

Global Ambassador for CARE

Named a global ambassador for CARE.

2005

Founded Salamander Hotels & Resorts

Launched a luxury hospitality company.

2001

BET Sold to Viacom

BET was sold to Viacom for $3 billion.

1979

Co-founded Black Entertainment Television (BET)

Co-founded the first cable television network aimed at African Americans.

Philanthropic Impact

Education and Mental Health$0.00

Sheila C. Johnson Center for Clinical Services

Co-founded the Sheila C. Johnson Center for Clinical Services at the University of Virginia

Humanitarian Aid$0.00

CARE Global Ambassador

Serves as a global ambassador for CARE, a leading aid organization

Wealth Trajectory