Introduction

John Johnson’s name might not ring a bell for everyone, but he is a prominent figure in the business world. He created Ebony Magazine, the premier publication for African Americans, and Jet Magazine, the digest-sized weekly that covered important events in the community. He was also the first African-American to appear on the Forbes 400 list of the wealthiest Americans. So, let’s delve into John Johnson’s net worth and success story in 2021.

Early Life

John Herman Johnson was born on January 19, 1918, in Arkansas City, Arkansas. His parents were hardworking and instilled a great work ethic in John from an early age. When he was six years old, his father died, leaving his mother to raise him and his siblings. In 1933, the family moved to Chicago, where Johnson attended high school and later graduated from DuSable High School in 1936.

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After graduation, Johnson planned on attending college, but his mother could not afford it. Instead, he got a job as an office boy at Supreme Life Insurance Company, a black-owned firm, where he worked his way up the ranks.

Starting Ebony Magazine

In 1942, Johnson had a plan to start his own magazine that catered to the African American audience, which he felt had been neglected by mainstream media. He decided to call the publication “Ebony” and launched it in November of that year. Johnson’s magazine focused on topics that were important to African Americans, such as civil rights, politics, and education.

The magazine was an instant success, and it quickly became the leading publication for the community. Johnson expanded the magazine into other ventures, such as books, fashion, and beauty products.

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Jet Magazine

In 1951, Johnson launched Jet Magazine, a weekly digest-sized publication that covered important events in the African American community. The magazine was unique because it featured short articles that were easy to read and could be read quickly. It also covered the news the other publications ignored, such as police brutality and discrimination.

Jet Magazine was an immediate success and quickly became popular among the African American community. Johnson’s magazine was so popular that at its peak, it had a circulation of over 1 million.

John Johnson’s Net Worth

John Johnson’s net worth was estimated to be $500 million at the time of his death in 2005. He was the wealthiest African American in the country and the first African-American to appear on Forbes 400 list of the wealthiest Americans. Johnson’s fortune came from his publishing empire, which included Ebony, Jet, and Fashion Fair Cosmetics.

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Philanthropy

John Johnson was a philanthropist who gave back to the community in many ways. He established the John H. Johnson School of Communications at his alma mater, DuSable High School, and also donated $4 million to the Smithsonian National Museum of African American History and Culture.

In addition to his charitable donations, Johnson was a trailblazer who paved the way for future African-American entrepreneurs and businessmen, making a significant impact on the African American community.

FAQs

1. What was John Johnson’s background before starting Ebony Magazine?

John Johnson worked as an office boy at Supreme Life Insurance Company before starting Ebony Magazine.

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2. What inspired John Johnson to start Ebony Magazine?

John Johnson felt that mainstream media neglected the African American community, and wanted to create a magazine that catered to the community’s needs.

3. What was Jet Magazine?

Jet Magazine was a weekly digest-sized publication that covered events important to African Americans, such as police brutality and discrimination.

4. How much was John Johnson’s net worth?

John Johnson’s net worth was estimated to be $500 million at the time of his death in 2005.

5. What is John Johnson’s legacy?

John Johnson was a trailblazer who paved the way for future African-American entrepreneurs and businessmen, making a significant impact on the African American community.

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6. What kind of philanthropy did John Johnson do?

John Johnson established a school of communication at his alma mater, DuSable High School, and donated $4 million to the Smithsonian National Museum of African American History and Culture.

7. What is John Johnson’s greatest achievement?

John Johnson’s greatest achievement was creating Ebony Magazine and launching Jet Magazine, which became the leading publications for the African American community.

Conclusion

John Johnson was a business magnate, entrepreneur, and philanthropist who made a significant impact on the African American community. His magazines, Ebony and Jet, were influential publications that paved the way for future generations of African-American entrepreneurs and businessmen. John’s legacy has left a lasting impact on the community, inspiring individuals to pursue their dreams and aspirations, no matter their background or circumstances.

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