. She also became involved in sports team ownership, with stakes in the NHL's Washington Capitals, the NBA's Washington Wizards, and the WNBA's Washington Mystics. [12], Johnson founded The RLJ Companies, a holding company with a diverse portfolio including hotel real estate investment, private equity, financial services, asset management, automobile dealerships, sports and entertainment, and Video lottery terminal gaming. The RLJ Companies, established in Bethesda, Maryland, later expanded into hotel real estate investment, private equity, financial services, asset management, vehicle dealership, entertainment and sports, and video lottery terminal gambling. Bob Johnson Net Worth. He later returned to the television industry to become the vice president of government relations at the National Cable and Television Association. The business is a marketplace for apparel, sneakers, and accessories that are all certified authentic. BET would only air for two hours on Friday Night when it was launched in 1980. When was Bob Johnson born? Bob and Lauren married in May 2016 at Auberge Du Soleil in Napa Valley, California, with Greg Mathis officiating. He started dating Lauren Wooden, who was 33 years his junior, in 2010. She would receive a large share of BET and the couples other assets. Formula One World Champion Jenson Button will also be making his NASCAR Cup Series debut as both drivers prepare for this year's 24 Hours of Le Mans. Robert Nutting - Pittsburgh Pirates- $1.1 Billion Robert Nutting was born in Wheeling, West Virginia, on March 29, 1962. The successful businessman has become one of the greatest entrepreneurs and philanthropists in the world. This site uses Akismet to reduce spam. He later worked for the National Cable and Television Association (NCTA) as the vice president of government relations. In 1972, he graduated from Princeton Universitys Woodrow Wilson School with a masters degree in public affairs. In 2003, he completed a deal with the city for a $265 million arena that was to open in time for the 2005-2006 season. Currently, he is the founder and also the chairman of RLJ Development. On April 14, 2008, Johnson made comments to the effect that Obama would not be the Democratic Party's leading candidate if he were not black, in defense of a similar comment made by Geraldine Ferraro. Johnson moved on from the company in 2006. Even if we look at a longer time frame, AbbVie fares better, with its sales rising at an average annual growth rate of 21% to $58 billion in 2022, compared to $33 billion in 2019, while J&Js saw its revenue rise at an average annual rate of just 5% to $95 billion in 2022, compared to $82 billion Johnson & Johnson is reimagining global business processes with intelligent automation tools and change management. Scientists reveal the best way to eat an Oreo to make sure you get creme on BOTH sides of biscuit, Wild moment woman gets CARRIED off Frontier flight by cops at Miami airport after foul-mouthed brawl with another passenger, Harvard astronomer believes meteorite that exploded over the south Pacific in 2014 was an ALIEN PROBE - and he's launching a $1.5M mission to prove it, JP Morgan is SUED by couple who say investment bank SOLD $10m in jewelry they left in safety deposit box, Stormy Daniels says her phone records are going to HURT Trump after she handed them to her attorney - and insists she is going to have the last laugh, Is this the smoking gun? He was born on 8th April 1946 in Hickory, Mississippi, US. Birth date: April 8, 1946. Robert Johnson was born on April 8, 1946. After stepping down from the NCTA in 1979, Johnson launched the cable television channel BET in 1980. As of 2013, Johnson was a member of the board of directors for RLJ Lodging Trust, RLJ Entertainment, Inc., KB Home, Lowe's Companies, Inc., Strayer Education, Think Finance, Inc., NBA Board of Governors, The Business Council, and the Smithsonian Institution's National Museum of African American History and Culture. Pharmaceutical giant Johnson & JohnsonJNJ wants to do a one-time lump sum payment of at least $8.9 billion to thousands of talc-powder claimants. Prior to this, Jordan had been a minority stakeholder. He is from USA. We have estimated Bob and Liberty Media bought all outstanding shares of the company in 1998, a purchase that earned him 42% of the company. Bio. His parents eventually moved to Illinois in search of a better life and soon found factory jobs in a working-class town. He is the founder of RLJ Companies which invests in different business sector and also co-founder of BET which was later acquired by Viacom in 2001. Published: 10:08 EDT, 14 May 2016 | Updated: 00:10 EDT, 11 February 2018. Unless they move quickly to ensure people receiving Medicaid are eligible for it, Michigan will be working to protect the profits of Medicaid insurance companies at the expense of the truly needy. When he was a kid, he moved with his family to Freeport, Illinois. He also served as the director of communications for the Washington, DC office of the civil rights organization National Urban League. At that time he was the part of Kappa Alpha Psi fraternity. Bob Johnson net worth and salary: Bob Johnson is a Hockey Coach who has a net worth of $550 million. [12][14] In 1998, Johnson and Liberty Media bought all outstanding shares of the company. Robert L. Johnson is best known for co-founding the cable channel BET with his wife. Johnson became America's first black billionaire after he sold BET to Viacom for $3 billion in stock and assumed debt in 2000. He went on to found the RLJ Companies which is a holding company with a very diverse portfolio. $866. How tall is Bob Johnson? Estimated Net Worth in 2021. Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. [3][4], After graduating from Princeton, Johnson found a job in Washington, D.C., which introduced him to the television industry. "My big break came when cable magnate John Malone, then CEO of Tele-Communications Inc., the country's third-largest cable company, decided to invest in my company, even though I had no experience running any business, never mind a national media company," he told Fortune. Monthly Income/Salary (approx.) All Rights Reserved. [1][2][3][4][5][6] He is the co-founder of BET, which was acquired by Viacom in 2001. Here he served for the Corporation for Public Broadcasting as the Public affairs director. [35] Johnson released a neckwear line in coordination with PVH and The Ella Rose Collection, the RLJ Ella Rose Africa Tie Collection, in 2012 to benefit the charitable organization Malaria No More. most relevant financial events such as yearly salaries, contracts, earn outs, endorsements, stock ownership and much more. Required fields are marked *. To mention but some, they include Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. So, how much is Bob Johnson worth at the age of 73 years old? Francesco Molinari Net Worth: $20 Million Teeing off in twenty-fifth place is Francesco Molinari. The co-founder of the Black Entertainment Television cable network became a billionaire in 2001 when he sold BET to Viacom. We recommend you to check the complete list of Famous People born on 4 May. [18] Notably, hip hop artist Nelly became a co-owner. Discover Bob Johnson's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. His many properties reflect this, including a 778-room resort in Liberia valued at $12 million and 100 motels in Dean White valued at $1.7 million. Johnson married Sheila Johnson in 1969. He allegedly asked her to marry him on their first date. Also learn how He earned most of Bob Johnson networth? After her divorce in 2002, she sold off her shares and has since invested in hotels in Florida and Virginia, planes, real estate and horses. 590 SOURCE OF WEALTH . These are the 25 richest golfers in the world: 25. 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Kobe Johnson Girlfriend, Is He Married? Read More 10 Things You Didnt Know about Kaan SmerContinue. Just a few examples are Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. Like CNBC Make It on Facebook. 10. We and our partners use cookies to Store and/or access information on a device. Leon Robinson an actor, music executive L.A Reid and Bill Clintons former Chief of Staff, Mack McLarty were intimate ceremony guests in the occasion. After her divorce in 2002, she sold off her. For example, as we've pointed out, Buffett is the second wealthiest American and the fourth wealthiest person in the world.) James Cameron; March 20, 2023; 0; Pat Schroeder Cause of Death, How did She passed on? Robert Johnson met Sheila Crump while students at the University of Ilinois. Bob Johnson is a member of Hockey Coach The Black Entertainment Television (BET) was a first of its kind cable aimed at African-Americans. Maitland, Florida, was founded by Robert Johnson, who also founded the Black Entertainment Network (BET). In 2001, Johnson became a billionaire after selling the station to Viacom for $3 billion, which catapulted his net worth to an estimated $1.3 billion. [42] On January 17, 2008, Johnson sent Obama the following apology:[43] .mw-parser-output .templatequote{overflow:hidden;margin:1em 0;padding:0 40px}.mw-parser-output .templatequote .templatequotecite{line-height:1.5em;text-align:left;padding-left:1.6em;margin-top:0}. He also put $30 million into the Liberia Enterprise Development Fund, a seed fund for Liberians. In 2010, following the Bobcats' first-ever winning season, Johnson sold his majority stake in the team to Michael Jordan. have dragged Johnson's net worth to $550 million, we estimate. [46] Johnson began dating Lauren Wooden, who is 33 years his junior, in 2010. He served as the public affairs director for the Corporation for Public Broadcasting. Johnson is notable for being the first African-American billionaire, a status he achieved in 2001 upon the sale of BET to Viacom. He made an $8.1 million profit on the sale of RLJ stock. [34], In 2011, Johnson worked with Morgan Freeman to raise funds for hurricane preparedness in the Bahamas. BET launched in 1980 just a few hours of airtime a week. But making Johnson & Johnson an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of JNJ entered into oversold territory, changing hands as low as $157.47 per share. He sold a $3 million asset when BET was purchased by Viacom in 2001. Johnson's parents enrolled her in an all-white school in early 1950s Kentucky before desegregation was federally mandated. These include Lowes Company and the Smithsonian Institutions National Museum of African American History and Culture. Perhaps youve used the company before. The six-time IndyCar Series champion and the seven-time NASCAR Cup Series champion were both named to the Motorsports Hall of Fame of America Class of 2024 on Friday. Meanwhile, back in the television world, Johnson founded his own video-on-demand streaming service in 2014 called Urban Movie Channel. Brother-in-law of Colorado dentist charged with poisoning wife comes face-to-face with accused killer as he's arraigned in court, New Orleans Mayor LaToya Cantrell's bodyguards say they had to hold her purse, do her shopping and take her daughter to the HAIRDRESSERS - as effort to recall Dem lawmaker fails, Twist or pull? Bob Johnsons income source is mostly from being a successful Actor. He eventually became the National Cable and Television Associations vice president of government relations (NCTA). However, this gig taught him many valuable lessons. Currently, he is the founder and also the chairman of "RLJ Development". "I thought there would never be a better time to maximize our returns," said Johnson at the time. Additionally, the RLJ-AMC partnership will allow for greater investment in content from African-American creatives, Johnson emphasized. In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange. [3] His parents moved the family to Freeport, Illinois, when he was a child. Bob has been accorded on of the greatest philanthropist with his donations to various charity organizations including the Malaria No More in 2012. The Johnsons made $1 billion with the deal making them the first black Americans to achieve a net worth of more than a billion dollars. Bob became the first American majority owner of a major American Sports League team when he bought the Charlotte Bobcats in 2002. Robert L. Johnson, in full Robert Louis Johnson, (born April 8, 1946, Hickory, Mississippi, U.S.), American businessman, founder of Black Entertainment Television (BET), and the first African American majority owner of a major professional sports team in the United States. The principal source of wealth of Bob Johnson has come from a range of high-return investments. Will we see Jimmie Johnson in the broadcast booth, maybe owning a race team, in the future? Robert went on to found RLT Companies while Sheila pursued a career as a producer. This is called Second Act by him. Source of wealth: Microsoft. His father worked as a farmer, and his mother taught. Where was Bob Johnson born? Sheila Johnson cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert. He and his company, RLJ Companies LLC, has worked with several professional sports teams. Letter from Michael Cohen claiming Trump did NOT reimburse him for hush money paid to Stormy Daniels appears to fly in face of his grand jury testimony, Trump breaks cover for a round of golf as Alvin Bragg 'struggles' to convince grand jury to charge him with 'weak' case' that has split the DA's office: Panel probing Stormy Daniels payment reconvenes tomorrow, 'They tell us to be peaceful! Like many legends, Jimmie Johnson, as he ages, can't leave racing behind, preferring to take on new challenges, like partnering in a Nascar team (Legacy Motor Club) and racing at Le Mans. Gender: Male. Johnson became the first black majority owner of an NBA team with the purchase of the Charlotte Bobcats. [9][1][10] Johnson's companies have counted among the most prominent African-American businesses in the late twentieth and early twenty-first centuries. He was the ninth of ten children in his family. We have estimated Bob Johnson's net worth, money, salary, income, and assets. Johnson created a line of neckties which proceeds would be donated for the cause. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. Manage Settings Bob Johnson was born on May 4, 1920 in Portland, Oregon, USA as Robert Cleveland Johnson. The agreement called for AMC to provide RLJ with a $60 million loan on a seven-year term and $5 million on a one-year term. Birth Country: United States. He is the chief executive officer of a company called GOAT Group. . [8] He became the first African-American billionaire in 2001. The marriage lasted until 2001 having sired two children. [3][7] Johnson is the former majority owner of the Charlotte Bobcats. That's enough to be one of 10 most expensive divorce settlements of all time. Bob graduated in 1968 from the University of Illinois. He has also sat on numerous boards of directors, including those of KB Home; Think Finance; Lowe's Companies; the Smithsonian Institution's National Museum of African American History and Culture; Hilton Hotels; and General Mills. . What is Bob Johnson's net worth? Bob Johnson, an African-American who rose through the ranks, considers himself to be one of his generations finest entrepreneurs. Should You Buy The Botox Maker Over Johnson & Johnson Stock? [11] Johnson worked as a press secretary for Congressman Walter E. Bob Johnson (actor) Net Worth. 4. After completing studies from Princeton University, Bob secured a job that introduced him to the television industry in Washington DC. In the spring of 1980, Johnson took out a $15,000 loan and set out to launch his own business. Since Bansal is an entrepreneur, it should come as no surprise to learn that, Read More 10 Things You Didnt Peyush BansalContinue. Bob Johnson was born on April 8, 1946, and as of 2022, he is 76 years old. Five years later she agreed. Also View Alvin Martins Net Worth. Play it now! Courtesy of H-E-B Net worth: $11 billion Source of wealth: H.E. Learn how your comment data is processed. In 2014 Johnson contributed to the Malaria No More campaign, helping many countries combat and prevent the disease of Malaria. He stands 1.7 meters tall and weighs 79 kilograms. He was also the Director of Communications for the National Urban League. As of April 2023, Bob Johnsons net worth is rated at $1 billion. Recently, Johnson has supported President Donald Trump because he believes President Trumps administration has decreased unemployment of black Americans. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. He invested $30 million to help Liberian businessmen pursue their dreams. "I said, 'Wow, you could take this concept of technology and target black programming,' which has always been a dream of various individual black media types creating a black-oriented network," he told Fortune in 2002. In 2008 he supported Hillary Clinton over Barack Obama as a potential Presidential candidate, raising some eyebrows. He held onto the role of president and CEO until 2005 when, National Museum of African American History, first black majority owner of an NBA team, These two men paid over $650,000 for lunch with Warren Buffetthere are 3 things they learned. He subsequently attended Princeton University as a graduate student, earning a master's degree in public affairs in 1972. He also founded the asset management firm RLJ Companies, and was majority owner of the NBA's Charlotte Bobcats from 2002 to 2010. While Johnson is no longer a billionaire, according to Forbes' estimates, he made history as the first African-American to join the exclusive billionaire's club. "The Million Dollar BET: Robert Johnson and the inside story of the Black Entertainment Television by Brett Pulley, University of Illinois at UrbanaChampaign, National Museum of African American History and Culture, "Sports of The Times; First Item for the Bobcats: Win Over the Community", "30 Years: Black Entertainment Television goes public (October 30, 1991)", "COMPANY NEWS; BLACK ENTERTAINMENT TELEVISION TO BE SOLD", "RLJ Lodging Trust Form 10-K Annual Report Filed 2013-02-28", "RLJ ENTERTAINMENT, INC. Form 10-K Annual Report Filed 2013-04-10", "KB HOME Form10-K Annual Report Filed 2013-01-18", "LOWES COMPANIES INC Form 10-K Annual Report Filed 2013-04-02", "STRAYER EDUCATION INC 10-K -20030331 EXHIBITS", "Smithsonian Picks Notable Spot for Its Museum of Black History", "US Air, Denied United Merger, to Sketch New Strategy", "Robert L. Johnson: A Business Titan Redefining Black Entrepreneurial Success", "Hilton Hotels, Corp. Form 10-K, Filed March 30, 1999", "PRO BASKETBALL; BET's Founder Wins Franchise", "BET founder Johnson awarded Charlotte franchise", "Sale of Charlotte Bobcats to Michael Jordan approved by NBA Board of Governors", "AMC Networks Invests in Robert Johnson's Streaming TV and Film Company", "Morgan Freeman and Bob Johnson: Fundraising Team", "Bob Johnson Launches Neck Tie Collection to Help Fight Malaria", "RLJ Cos., partners create $30 million Liberia fund", Drugs, Race Raised in Clinton-Obama Fight, The Hypocrisy of BET's Bob Johnson's Obama Smears, Johnson cites race in President Obama's surge, "BET founder Robert Johnson says 'I will take the devil I know,' adding he doesn't know what Biden will do", "BET founder Bob Johnson engaged to Lauren Wooden", "BET founder Bob Johnson weds Lauren Wooden at Napa Valley ceremony", Johnson Sets Sights on New Urban Cable Network, The Interviews: An Oral History of Television, How I Built This - Live Episode! He remained in his position as CEO of BET until 2006. If you do not know, We have prepared this article about details of Bob Johnsons short biography-wiki, career, professional life, personal life, wife, girlfriend, dating, divorce, kids, todays net worth, age, height, weight, and more facts. $1 million- $4 million USD: We know Bob Johnson is a Not Available Certified Public AccountantFormer Pulaski County Justice of the peace. Much of the money raised in the public offering was used to pay off debt and buy back stocks that were owned by another media conglomerate, Great American Broadcasting. Bob Johnson is 76 years old. Currently, he is running Lenskart, which is an Indian retail chain that sells prescription eyewear. As a result of his expertise, Bob was able to understand the strength of televisions unrealized potential. Robert Johnson came from humble beginnings. Johnson was born in 1946 in Hickory, Mississippi, the ninth out of ten children to Edna and Archie Johnson. How old is Bob Johnson? As of 2022, Bob Johnsons net worth is expected to be $1 billion. He teamed with The Ella Rose Collection and PVH in 2012 to produce a neckwear line to promote Malaria No More. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Age, Family & Net Worth. The below financial data is gathered and compiled by TheRichest analysts team to give you a better understanding of Bob Johnson Net Worth by breaking down the In 1991 BET became the first black-controlled company that was listed on the NYSE. Jackson Lees outspoken progressive ideals have made the 14-term representative a politically polarizing figure, drawing attacks from the likes of Tucker Carlson. The time frame for exercising those warrants is open-ended, AMC said. Later that year, Viacom paid $3 billion for BET, and Bob made a tidy profit on the deal. $1 Billion Robert L. Johnson is the founder of Black Entertainment Television. 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