11 Black Real Estate Moguls Who Continue to Profit From Buying, Selling and Developing
- By
MadameNoire
Robert (Bob) Johnson
After Bob Johnson became the first African American billionaire by selling his beloved BET, he focused his attention on other businesses entities. Among them, RLJ Development LLC, the real estate investment arm of The RLJ Companies. The company successfully manages real estate funds for its clients. In 2006 RLJ acquired 100 hotels for $1.7 billion.
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