Net Worth: $400 Million
- Source of Wealth BET,Sport franchise,investments
- Nationality United States
About Sheila Johnson
Net worth last calculated: May 2009
Co-founded Black Entertainment Television with former husband Robert Johnson; couple met in college at University of Illinois. Duo sold network to Viacom for $3 billion in stock and assumed debt; split fortune in divorce in 2002 after 33-year marriage. Today she is chief executive of Salamander LLC, which controls a portfolio of luxury resorts. Through investment in Lincoln Holdings, she is the first African-American woman to be an owner or partner in three professional sports franchises: the Washington Capitals (NHL), the Washington Wizards (NBA), and the Washington Mystics (WNBA). Johnson is the Mystics’ president and managing partner.
After her divorce from Robert L. Johnson in 2002, she was estimated to be worth about $670 million. In 2009, Forbes magazine estimated her net worth to be $400 million.