2010 Black History Month: John H. Johnson Publisher
Feb 21, 2010 in We Think
“Failure is not a word I accept”~ John H. Johnson, Publisher
John H. Johnson was an American businessman, founder of the Johnson Publishing Company. He was the chairman of Johnson Publishing Company and he also chaired the Fashion Fair Cosmetics Company, a company created by his wife Eunice Walker Johnson.
Under his leadership both Jet and Ebony Magazines flourished. Readership and circulation grew every year from 1945 the year in which they were first published.
The magazines were named by his wife Eunice and the start-up money came from a $500 loan from his mother. She allowed Johnson to use her furniture as collateral for the loan.
His business success is nothing short of meteoric. He rose from the depths of poverty, spending a short time on the welfare rolls to becoming the first Black African American to be included in the Forbes 400 list of richest Americans. (more…)
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