Quick Answer: Who bought out bet?

In 2000 Johnson and his partners sold BET to Viacom Inc. for $3 billion.

Who is BET owned by?

How much did Robert L Johnson sell BET for?

After taking BET private again in 1998, Johnson and his partners sold BET Holdings to the giant media group Viacom in 2001 for some $3 billion, though he remained at BET as its chief executive officer until 2005. The sale made him the first African American billionaire.

Is BET a part of Viacom?

BET Networks, a subsidiary of Viacom Inc. (NYSE: VIA, VIA. B), is the nation’s leading provider of quality entertainment, music, news and public affairs television programming for the African-American audience.

Who is first black billionaire?

He became the first black American billionaire in 2001. Johnson’s companies have counted among the most prominent African-American businesses in the late twentieth and early twenty-first centuries.

Robert L. Johnson
Johnson in 2018
Born Robert Louis Johnson April 8, 1946 Hickory, Mississippi, U.S.

Does Tyler Perry on BET?

During the 2019 BET Awards, Tyler Perry announced that he would be partnering with BET to offer BET Plus. BET Plus is a joint venture between BET Networks and Tyler Perry Studios. Tyler Perry is a world-renowned producer, director, actor, screenwriter, playwright, author, songwriter, entrepreneur, and philanthropist.

Was Jay Z the first black billionaire?

Jay-Z broke the glass ceiling for Hip Hop as the culture’s first billionaire, but his fortune continues to grow on account of his many business endeavors.

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