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https://www.wsj.com/business/entrepreneurship/sheila-johnson-the-first-black-female-billionaire-keeps-reinventing-herself-23820814 The co-founder of Black Entertainment Television plunged into luxury hotels, sports teams and a film festival after her company was soldJared Soares for The Wall Street JournalSheila Johnson could have retired when Black Entertainment Television , the company she founded with her then-husband, sold to Viacom in a deal worth $3 billion in 2001, making her the first Black female billionaire.