And magazine publisher John H. Johnson has died at the age of 87. In 1942, he borrowed $500 to launch what would become the most successful African-American publishing empires. He would go on to start Ebony and Jet magazines. In 1982 he became the first African-American to make Forbes magazine’s list of the 400 wealthiest Americans. Johnson was educated in a segregated school in Arkansas. The town had no high school for African-American students so Johnson repeated eighth grade instead of dropping out of school.