Billionaire Profile
Sheila Johnson
Global Rank
#2999

Image: Public domain | via Wikimedia Commons

Sheila Johnson

CEO, Salamander Hotels and Resorts
US
Real-Time Net Worth
$1.1B
As of December 2025
Age
76
Source
Cable TV, hotels
Industry
media-entertainment
Citizenship
US

Biography

Sheila Johnson is a highly successful American businesswoman, philanthropist, and media executive, best known as the co-founder of Black Entertainment Television (BET). Her diverse career spans media, hospitality, and sports, making her a prominent figure in multiple industries. With an estimated net worth of $1.1 billion, Johnson is one of the wealthiest Black women in the United States. Her wealth source is derived from her investments in cable television, hotels, and real estate. Johnson's career is marked by significant achievements and a commitment to giving back, exemplified by her various philanthropic initiatives and leadership roles.

Wealth Over Time

In-Depth Profile

Early Life and Education

Sheila Crump Johnson was born on January 25, 1949, in McKeesport, Pennsylvania. Her early life was marked by frequent moves due to her father's profession as a neurosurgeon. She attended Proviso East High School in Maywood, Illinois, where she excelled in music as a violinist. Johnson later attended the University of Illinois, Urbana-Champaign, on a music scholarship, earning a Bachelor of Arts degree in music in 1970.

Rise to Success

In 1979, along with her then-husband Robert L. Johnson, Sheila co-founded Black Entertainment Television (BET), a pioneering cable network targeting African American audiences. She served as the company's executive vice president for corporate affairs. BET became a cultural phenomenon, providing a platform for Black voices in media. The network was sold to Viacom in 2001 for $3 billion. After her divorce from Robert Johnson in 2002, she invested in hotels, real estate, and horses. Johnson founded Salamander Hotels & Resorts in 2005, expanding her business interests into luxury hospitality.

Key Business Strategies

Sheila Johnson is known for her ability to diversify her business interests. She transitioned successfully from media to hospitality, creating a luxury brand with a focus on exceptional service. Johnson's business acumen is also evident in her investments in sports teams. She acquired ownership in three professional sports teams, the Washington Mystics (WNBA), the Washington Wizards (NBA), and the Washington Capitals (NHL). She has also focused on building a team and has the drive to continually improve her business ventures.

Philanthropy

Johnson is a dedicated philanthropist, committed to supporting education, the arts, and humanitarian causes. She co-founded the Sheila C. Johnson Center for Clinical Services at the University of Virginia. She has made substantial contributions to various educational institutions and supports programs designed to empower women in leadership positions. She is also a Global Ambassador for CARE, an organization fighting global poverty. Johnson's philanthropic efforts include supporting community development initiatives and advocating for social justice.

Career Milestones

1979

Co-founded Black Entertainment Television (BET)

Co-founded the first cable network for African American audiences with her then-husband, Robert L. Johnson.

2001

Sold BET to Viacom

Sold BET to Viacom for $3 billion.

2005

Founded Salamander Hotels and Resorts

Launched a luxury hospitality brand.

2005

Married William T. Newman Jr.

Married Arlington County Circuit Court Chief Judge William T. Newman, who presided over her 2002 divorce.

2005

Became President of Washington Mystics

Became the team president, managing partner, and governor of the WNBA's Washington Mystics.

2013

Opened Salamander Resort & Spa

Opened the luxurious equestrian-inspired resort in Middleburg, Virginia.

Philanthropy & Social Impact

Education and Healthcare

Sheila C. Johnson Center for Clinical Services

Undisclosed

Co-founded the Sheila C. Johnson Center for Clinical Services at the University of Virginia, which provides a range of mental health services to the community.

Humanitarian

CARE Global Ambassador

Undisclosed

Serves as a Global Ambassador for CARE, a humanitarian organization fighting global poverty.

Community Development

Sheila C. Johnson Design Center

Undisclosed

Funded the opening of the Sheila C. Johnson Design Center, which promotes development in Black communities.

Women's Empowerment

I Am Powerful Challenge

$8M

Created the initiative to support the empowerment of women in fighting poverty.

Business Philosophy & Leadership

Notable Quotes

"“I’m a very powerful entrepreneur.”"

"“You have to diversify to grow.”"

"“Don't rest on your laurels.”"

Leadership Principles

Vision

Having a clear vision and pursuing it with determination.

Resilience

Overcoming challenges and setbacks to achieve success.

Empowerment

Supporting initiatives and organizations that uplift others.