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BUSINESSJul 7 · 17:54 UTCWDIV CLICKONDETROITCorey Williams And Aisha I. Jefferson, Associated Press

George E. Johnson Sr., founder of a pioneering Black hair care business, dies at 99

George E. Johnson Sr., founder of Johnson Products, the first Black-owned company listed on the American Stock Exchange, died at 99. His company, started in 1954 with a $250 loan, became a Black hair care empire with brands like Afro Sheen and Ultra Sheen, and sponsored 'Soul Train.' He also founded Independence Bank and established an educational fund awarding over 1,000 scholarships.

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