Ebony magazine was founded by John H. Johnson and his wife, Eunice Walker Johnson. John H. Johnson had a love of journalism and an entrepreneurial spirit. The couple started Negro Digest in 1942 with $500 he secured by providing his mother’s furniture as collateral for the loan. By the 1980s Johnson Publishing Company recorded an annual revenue of about $200 million, and John H. Johnson had become the first African American named to the Forbes list of the 400 richest Americans.
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