The founder of BET and the chairman of The RLJ Companies, Robert Johnson, made history as America’s first black billionaire when he sold BET to Viacom in 2001. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
He started Black Entertainment Television with a $15,000 loan in 1980, and in 1991, he launched it as a public company — the first African-American-owned firm traded on the New York Stock Exchange.
“As an entrepreneur, there’s some gene that floats around and inside you that makes you want to achieve things that others may feel is not possible. So my inspiration came from believing in myself, and having friends who encouraged me to be the best that I can be,” Johnson tells CNBC. “And I think if more Black Americans had that encouragement, had that support and level of confidence presented to them, I think more Black Americans can achieve their success as I have.”
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