To establish Independence Bank, Boutte partnered in 1964 with fellow Black business leader George Ellis Johnson Sr., whose Johnson Products Company manufactured Ultra Sheen and Afro Sheen. Born George E. Johnson, June 16, 1927, Richton, Mississippi. Save my name, email, and website in this browser for the next time I comment. Before launching the bank, he opened and operated a drugstore which grew into a chain of stores across the Black neighborhoods of the city, Black Past reported. //George Ellis Johnson Profiles | Facebook If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Address: Office 100 E. Huron St., Apt 4802, Chicago, iL 60611-2940. hair care products intended for use by professionals for African-American women. resigned as the Chief Executive Officer (CEO) of Johnson Products Company in Other Works | Publicity Listings | Official Sites. Harbert is survived by three children, six grandchildren and three great-granddaughters, "plus many loving nieces and nephews," her obituary in the Birmingham News and AL.com reads. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. Johnson Products was founded in 1954 by George Ellis Johnson, Sr. and was formerly headquartered in Chicago. 2021. In fact, one five-member clan has been identified as wealthy enough that any one -- or all -- of them could be in possession of significantly more than $600 million each. Ebony was the largest Black-owned magazine in the country. Presidential wealth: The net worth of every American president - USA Today This was hugely successful for the company and a big breakthrough for black women because it gave them versatility in hair-styling that had not existed before. Washington, DC 20002, Aspiring to give hope to others looking for love, George Johnson, founder of Johnson Products Company, an international cosmetics empire, and famed artist and writer, Madeline Murphy Rabb, were wed in a March 30 ceremony. And they had to grab the moment. Language links are at the top of the page across from the title. Family problems did not end there. This is not a normal timewere not talking about disagreements on tax policy, says Robert Maguire, research director at Citizens for Responsibility and Ethics in Washington, adding, At the core of it, stability is whats being undermined right now.. Community Rules apply to all content you upload or otherwise submit to this site. His first name is George and his last name is E. George Ellis Johnson Sr. (born June 12, 1927) is an American entrepreneur and the founder of Johnson Products Company, an international cosmetics empire headquartered in Chicago, Illinois. He also promised a high-level management position to his daughter, Joanie. George sun sign is Libra and his birth flower is Aster & Morning Glory. peak net worth: $594.2 million In office: 1789-1797 George Washington was America's first president and also its wealthiest for more than a century. But just who will be the benefactor of her fortune remains unknown beyond her inner circle, as her will is not yet available for public perusal at Jefferson County Probate Court. As part of the settlement, Johnson gave his share of stock to his wife, Joan, and resigned as chairman. In 1971, Johnson Products became the first African American-owned company to be listed on the American Stock Exchange. * His duality is Assertive and opposite sun sign is Aries. Johnson later attended Wendell Phillips High School but dropped out to work full-time jobs. Growth was just beginning for the new company. The estimated Net Worth of George Ellis is at least $8.78 Million dollars as of 4 May 2017. [5] The company's first product was Ultra Wave, a hair relaxer for men. The AFRO knows what its like to endure challenging times. Dale Earnhardt Jr. Net Worth $300 million. Matt will be inducted into the NASCAR Hall of Fame in 2023 along with Hershel McGriff and Kirk Shelmerdine. He is famous for being a successful Businessman. He left nearly all of his sizeable fortune and much of his property to a foundation bearing his name, to be overseen by his children. Before retiring,Jeff Burton also known as The Mayor was able to rack up 21 Sprint Cup Series and 27 Xfinity Series wins. But life became even bleaker for the Johnsons in 1929 when George was just two years old. To become a Financial Management Analyst, The Encyclopedia of African American Heritage When he could, Johnson attended Wendell Phillips High School in Chicago. Ellis owns over 5,104 units of Hill-Rom Inc stock worth over $5,803,584 and over the last 16 years he sold HRC stock worth over $3,360,069. During this time, things were going great for Johnson and his family. In 1975 the Federal Trade Commision (FTC) began a crackdown on beauty products for Black consumers. Julianne Argyros, wife of George Argyros Spouse's net worth: $2.5 billion . The bank was later sold in 1994. 233 E. Redwood Street Suite 600G He was relentless in his pursuit of her. Gates, William H., III, Seattle, $54.0 billion 2. Ive known her for more than 50 years! The current estimated net worth of Blackbaud Inc's Director, George Ellis, is estimated to be about $6.83M . Memberships: George E. Johnson Foundation, founder; first African American elected to board of directors of Commonwealth Edison. The world came to know Dale Earnhardt Sr. as a first-rate racer, and his passing during the final lap of the 2001 Daytona 500 is a moment thats seared into the history of professional racing. Afro Sheen was one of the best-known items sold by Johnson Products. Long represents a district including Springfield, Missouri, headquarters for Bass Pro. $1 million - $5 million. That same year Johnson became the first African American to be elected a director on the board of Commonwealth Edison. Dale Jr. has been voted NASCARs Most Popular Driver a consecutive 13 times from 2003 to 2015.