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As of 2013, Johnson was a member of the board of directors for RLJ Lodging Trust, RLJ Entertainment, Inc., KB Home, Lowe’s Companies, Inc., Strayer Education, Think Finance, Inc., NBA Board of Governors, The Business Council, and the Smithsonian Institution’s National Museum of African American History and Culture.Johnson has also served as a member of the board of directors for several other companies and organizations, including US Airways, Hilton Hotels, General Mills, the United Negro College Fund, and Deutsche Bank’s Americas Advisory Board.
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In the early ’90s BET became the first African-American-controlled company to be traded publicly on the New York Stock Exchange.
In 1998 Johnson bought it back and then sold it to Viacom, pocketing a reported $1.5 billion himself and retaining his position as chairman and CEO.
There was also entertainment by in-demand DJ Cassidy — who has spun discs at the White House as well as at Jay-Z’s house — and a Motown band.
Guests trickled out after a farewell brunch Sunday.
Johnson grew up in Illinois and earned a graduate degree in international affairs from Princeton University. After a few years as a lobbyist for the National Cable & Telecommunications Association, Johnson borrowed money to start his own cable brand, BET.