In 1998, Johnson and his partners, sold BET Holding to Viacom, a giant media group. Though it was sold at $3 billion, Johnson still remained the Chief Executive Officer (CEO) of BET until 2005. That sale made Johnson America's first Black billionaire. (Read more...)
Tony Elumelu sought the expansion of Africa through the rise of entrepreneurs in the continent. He strongly believed the private sector must play a leading role in the growth and development of Africa. This philosophy of Tony Elumelu is what he coined Africapitalism. (Read more...)
Garrett received a patent in 1923 and the rights to the invention were eventually purchased by General Electric at $40,000. This was a huge sum at the time, especially for a Black, being the son of two former slaves and aged just 46 years old. (Read more...)