Sheila Johnson Net Worth - NewsNow Nigeria

Sheila Johnson’s net worth is

$710 Million

Sheila Johnson Wiki Biography

Sheila Crump Johnson, a businesswoman, CEO of Salamander Hotels and Resorts, co-founder of BET, and the owner of the WNBA’s Washington Mystics, was born on the 25th January 1949, in McKeesport, Pennsylvania USA. She became the first African-American woman billionaire due to her entrepreneurial skills.

Sheila’s net worth is estimated to be $710 million as of mid-2016, earned from her successful career as a businesswoman. Her divorce settlement with former husband Robert L. Johnson added a fantastic $400 million to her net worth.

Sheila Johnson Net Worth $710 Million

Sheila Johnson, born to an accountant mother and neurosurgeon father, attended Proviso East High School in Maywood, Illinois, and later studied at the University of Illinois. She started her own business after divorcing her husband Robert L. Johnson in 2002 and founded Salamander Hospitality in 2005. The company includes several well-known resorts and golf clubs, contributing significantly to her net worth.

In 2005, Johnson purchased the WNBA’s team the Washington Mystics and currently serves as team president, governor, and managing partner. She is also a partner in two other Washington sports franchises: the Washington Capitals (NHL) and the Washington Wizards (NBA). Johnson was a co-founder of BET but sold the Television to Viacom in 1999, further increasing her net worth.

She has also produced a few films, including the documentary “Kicking It” in 2008 and “A Powerful Noise” in 2008, premiered at Tribeca Film Festival in New York.

Sheila Johnson was married to Robert L. Johnson from 1969 to 2002, and later married Arlington County Circuit Court Chief Judge William T. Newman, whom she had known for some 30 years. She is known for her philanthropy and is a Global Ambassador of CARE, a humanitarian organization that fights global poverty.

Sheila’s involvement in the “Sheila’s I Am Powerful Challenge” raised over $8 million in 2007. She also holds the position of Chair of the Board of Governors of Parsons The New School for Design in New York and serves on the boards of various foundations and organizations.

She is a Democrat, but supported the Republican Virginia gubernatorial candidate Bob McDonnell in 2009 until she criticized him for the omission of slavery during honors of Confederate History Month in 2010.

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