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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. In June 2016, she joined Forbes' list of America's richest self-made women with an estimated net worth of $710 million.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2012 |
Project Earnings |
Gross earnings of the film "The Butler" where Johnson served as one of the producers |
$100,000,000 |
|
2009 |
Asset |
The market value of Sheila Johnson's Salamander Resort & Spa |
$130,000,000 |
|
2005 |
Earning Turned Donation |
In 2006, she donated $4 million to CARE, an organization that aims to end poverty |
$4,000,000 |
|
2004 |
Asset |
In 2005, she bought a golf property for $35 million |
$35,000,000 |
|
1998 |
Sale of Asset |
Amount earned from the sale of the "Black Entertainment Television" network which she established with her husband |
$3,000,000,000 |
|
1973 |
Salary |
After leaving Sidwell, she started her own business as a private instructor which increased her annual income to $64k |
$64,000 |
|
1969 |
Salary |
Annual salary for working for Sidwell |
$7,200 |