Robert L. Johnson Archives - Black Enterprise

Black History Month 2023 Business

Robert L. Johnson Created the Most Black Millionaires In US History After Selling BET

Derek MajorFebruary 7, 2023February 4, 2023

by Derek MajorFebruary 7, 2023February 4, 20233936

28 Days: Celebrating Black Business Icons Past and Present: As the founder of BET and former Charlotte Bobcats owner, Johnson discusses the network's creation and how...

Black Lives Matter Business

Robert L. Johnson Calls Out Corporations’ Lack of Support of Black Business After BLM Pledges

Sharelle BurtJanuary 27, 2023January 27, 2023

by Sharelle BurtJanuary 27, 2023January 27, 20231032

Show us the money!...

Money

BET Founder Bob Johnson Says This 401(k) Program Would Generate $191 Billion in Retirement Savings for Black Workers

Jeffrey McKinneyJuly 15, 2020July 15, 2020

by Jeffrey McKinneyJuly 15, 2020July 15, 202015895

BET founder Bob Johnson told Black Enterprise that if large 401(k) record keepers like Vanguard and Fidelity would embrace auto portability, it would generate $191...

Entrepreneurship Lifestyle

Bob Johnson, BET Founder, Praises Trump, Says Democrats Have Moved “Too Far Left”

Samara LynnJuly 9, 2019July 10, 2019

by Samara LynnJuly 9, 2019July 10, 20196483

In the interview, Bob Johnson describes himself as a “long-time centrist and Democrat." He also has some praise for President Trump....

Entrepreneurship

BET Founder, America’s First Black Billionaire, Says He Was Racially Profiled at Luxury Hotel

Samara LynnSeptember 11, 2018September 12, 2018

by Samara LynnSeptember 11, 2018September 12, 20183807

Robert L. Johnson, the black business mogul who founded BET and became the first American black billionaire after selling the media company, was not allowed...

Entrepreneurship Lifestyle

RLJ Entertainment’s Urban Movie Channel Launches on Xfinity TV

Adedamola AgboolaJune 25, 2018June 25, 2018

by Adedamola AgboolaJune 25, 2018June 25, 20182010

Urban Movie Channel (UMC), the first video on demand service (SVOD) created specifically for African American and urban audiences, will now be available to Comcast’s...

Entrepreneurship

AMC Networks Offers $16M for BET Founder’s Streaming Company

Adedamola AgboolaFebruary 26, 2018February 26, 2018

by Adedamola AgboolaFebruary 26, 2018February 26, 20181942

AMC Networks announced plans on Monday to purchase a majority stake in BET founder Robert L. Johnson’s RLJ Entertainment. When word broke of the impending...

Entrepreneurship

45 Great Moments in Black Business – No. 23: America’s First Black Billionaire Buys NBA Franchise

Jeffrey McKinneyNovember 19, 2017December 2, 2017

by Jeffrey McKinneyNovember 19, 2017December 2, 20171585

Billionaire Bob Johnson makes another slam dunk in black business history by breaking the ownership barrier in professional sports through.....

Money

African American Business Magnate Joins Senator on Mission to Maximize Our 401(k)s

Jeffrey McKinneyAugust 2, 2017September 29, 2017

by Jeffrey McKinneyAugust 2, 2017September 29, 20171299

About 14 million Americans on average change jobs each year, with about 40% them opting to “cash out” their 401(k)s instead of shifting those funds......

Entrepreneurship

Bob Johnson Applauds GOP Sen. Tim Scott for Championing Diversity Bill

Carolyn M. BrownJanuary 18, 2017September 30, 2017

by Carolyn M. BrownJanuary 18, 2017September 30, 2017724

BET founder Bob Johnson applauds GOP Sen. Tim Scott, for championing a bill that ensures that job applicants from all walks of life are given...