Wednesday, October 10th, 2007 at 8:37 am
BET founder Robert Johnson has added a car dealership joint to his long list of business ventures. Johnson teamed up with automotive dealer Steve Landers and Mack McLarty, former chief of staff for President Clinton, for the deal. Johnson is expected to contribute about 60% of the capital needed to fund the business.
Johnson is no stranger to business moves of this magnitude. The African-American billionaire already owns an NBA team, a film company, a fleet of hotels, and financial institutions. Ethnic minorities constitute a mere 5% of the 41,000 care dealerships in the