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Monday, February 7, 2011

Black History: First Black to appear on the Forbes 400


John Harold Johnson (January 19, 1918 – August 8, 2005) was an American businessman, publisher, and founder of the Johnson Publishing Company. After taking out a $500 loan he published the first edition of Negro Digest in 1942 which at its height of circulation reached 100,000. Johnson’s most successful publication was Ebony magazine, it's articles emphasized the achievements of successful African American.

Ebony, in its 40th year of publication had a circulation of 2,300,000 and was the primary reason that Johnson was considered one of the 400 richest individuals in the United States. In 1982 the founder, publisher, chairman and CEO of the largest African-American publishing company in the world became the first African-American to be placed on Forbes' list of 400 wealthiest Americans.
To read more about John Johnson click here or here!

by @Jetsetting_Ju

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