Cathy Hughes net worth is around $460 million. She is basically an entrepreneur; however, that involved years of trial and error in different industries. Cathy had been a radio and television personality before she became a business executive. And everything started with one small radio station.
Cathy Hughes net worth: $460 million
Cathy Hughes Family and Education
Cathy Hughes was born in Omaha, Nebraska in April of 1947. She was born to renown parents, William Alfred Woods and Helen Jones Woods.
– Her mother, Helen, is a jazz and swing trombone player widely known for her performances with the International Sweethearts of Rhythm. She was inducted into the Omaha Black Music Hall of Fame in 2007. After the World War 2, in 1947, Helen moved to Omaha and worked as a licensed practical nurse at Douglas County Hospital. Cathy is her fourth child.
– Her father William Alfred Woods attended Creighton University and he became the first African-American to actually graduate at that university.
Cathy Hughes family lived in the Logan Fontenelle Housing Projects while her father attended that college. That “housing project” was built in 1938 for housing working-class families. That being said, the obvious conclusion is that her family had little (or no) money. It was not easy for her parents to care for her and her siblings without any money. That is why she had to step up and later on lied about her age to get a job at the age of 14. She even got married at 16! However, that marriage had no future and was terminated after her first child was born. That led her to college in Nebraska where she started working at the Howard University’s radio station. That is where her career started. On her personal website you can find more personal details about Cathy.
Cathy Hughes Career
1960s – Cathy Hughes started working for an African American newspaper, “Omaha Star” – a newspaper published by a local businesswoman and civil rights pioneer Mildred Brown.
1969 – Cathy worked at KOWH in Omaha, but left that job for the place of lecturer at the School of Communications at Howard.
1973 – Cathy became a General Sales Manager of the university’s radio station and did a great job there. In a very short period of time, she increased the station’s revenue from $250,000 to amazing $3 million.
1975 – Cathy Hughes became the first woman Vice President and General Manager of a station. She created a unique program called “Quiet Storm” which was aired on a huge number of stations (480).
1980 – Cathy founded Radio One. She also bought AM radio station called WOL 1450. She took a great risk because that station was not on “healthy legs”. Old personnel destroyed the radio station; she had to invest a lot of money and even sold her home and moved with her young son to the station. The turning point was a 24/h talk radio format with the main theme “Information is power”. For an entire decade, she was the main host on that program. Even today, the WOL is the most listened radio station in Washington D.C. Radio One continued to grow and started buying off other radio stations. They bought over 70 radio stations.
In 2004, Radio One created TV One which was marketed as a network for African-American adults. Hughes is one of the main interviewers and she hosts the network’s talk program TV One on One. However, that is not the end. Actually, entrepreneurs never stop. And she is clearly extremely capable entrepreneur – capable enough to be named Entrepreneur of the Year by Ernst & Young. And according to the interview she gave to “Black Enterprise”, the idea behind becoming a successful entrepreneur is to not take NO for an answer and to keep trying. And of course to keep learning…
You should be learning everything you can about your craft. You should be attempting to meet with everyone that You’ve identified as doing what you would like to do in your career.
2015 – Washington D.C. names Street Corner after Radio One Founder, Cathy Hughes.
A part of her life was recorder in a TV Documentary called “Profiles of African-American Success.