He was also the Director of Communications for the National Urban League. We don't have much information about He's past relationship and any previous engaged. . He also invested a $30 million starting amount fund for Liberian Entrepreneurs, called Liberia Enterprise Development Fund. He also founded the asset management firm RLJ Companies, and was majority owner of the NBA's Charlotte Bobcats from 2002 to 2010. How Johnson & Johnsons Attempt At A $9 Billion Baby Powder Settlement Impacts Black Women, Progressive Brandon Johnson Elected As Chicago Mayor, Beating Paul Vallas In Crime-Focused Race, Nascar Legend Jimmie Johnson On Safety In Motorsports, His Future, Progressive Firebrand Rep. Sheila Jackson Lee Running For Houston Mayor, Jimmie Johnson, Partner At Legacy Motor Club, To Compete At Le Mans, Jimmie Johnson, Jenson Button Using NASCAR Race At COTA To Help Prepare For 24 Hours Of Le Mans. [36], In 2007, Johnson created the Liberia Enterprise Development Fund with a $30 million investment. Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. Submit a correction suggestion and help us fix it! 84 Chevrolet Camaro for this weekends NASCAR Cup Series race at Circuit of The Americas. America's first black self-made millionaire has married his girlfriend of five years in front of 100 close friends in California. 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 Black Entertainment Television (BET) was a first of its kind cable aimed at African-Americans. His concentration, dedication, and hard work have assisted him to get this position. The Bob Johnson Auto Group is owned by Gregory Stahl and John Love. The company's portfolio contains a wide range of assets, such as hotel real estate, private equity, insurance services, car dealerships, and sports and entertainment brands. Johnson became America's first black billionaire after he sold BET to Viacom for $3 billion in stock and assumed debt in 2000, according to Forbes. Although he says his family was not exceptionally poor, Johnson frequently joked that he had to push his way to the dinner table "to get his fair share," according to the Washington Post. Birth City: Hickory. [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. Here's what it says about your health, Body of San Francisco DJ Jeffrey 'JV' Vandergrift is found floating off San Francisco pier a month after he vanished, 'I've known him 20 years and to see him here with what he's been accused of - it's hard to reconcile.' It started 11 years ago and has 219 uploaded videos. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. He is a principal owner of the Charlotte Bobcats. His net worth has been growing significantly in 2022-2023. Black Entertainment Television: Robert Johnson, https://en.wikipedia.org/w/index.php?title=Robert_L._Johnson&oldid=1147954102, This page was last edited on 3 April 2023, at 06:32. Two years after that, it turned a profit for the first time. [16][19][20][21][22][23][24][25] Johnson has also served as a member of the board of directors for several other companies and organizations, including US Airways, Hilton Hotels, General Mills, the United Negro College Fund, and Deutsche Bank's Americas Advisory Board. When BET was bought by Viacom, he made an asset sale of $3million in 2001. Later in 2001, Viacom acquired BET for $3 billion where Bob earned over $1 billion from the sale. She would receive a large share of BET and the couples other assets. Bob Johnson's net worth He allegedly asked her to marry him on their first date. 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. Robert Johnson would stay on as CEO of BET for the next three years. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Nowadays, Bob Johnson is the most interesting person to talk about. This achievement, not only makes the show itself the longest-running daytime game show, but it makes Bob Barker one of the longest-running game show hosts!. Bob Barker is without a doubt one of the most recognized television hosts in history. In 2001, he was named Americas first billionaire, with his companies counting among the most prominent African-American businesses in the early twenty-first and late twentieth centuries. '"[44], During the 2020 election, Johnson made comments implying that he supported President Trump, stating "[w]here I come out as a businessman, I will take the devil I know over the devil I don't know anytime of the week."[45]. His net worth has been growing significantly in 2021-2022. The Johnson family moved to Freeport, Illinois when Robert was young. The kicker - a seven-and-a-half carat engagement ring. Inspired by their drive, he helped create the Liberian Enterprise Development Fund. At 73 years old, Bob Johnson height not available right now. Johnson grew up in Freeport, Illinois, the 9th of 10 children. 2023 Celebrity Net Worth / All Rights Reserved. He launched Black Entertainment Television (BET) in 1980. 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. Later that year, Viacom paid $3 billion for BET, and Bob made a tidy profit on the deal. It was reaching tens of millions of viewers. Bob Johnson weighed 220 lbs (99 kg) when playing. 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. Currently, there is a lot of positive discussion and criticism about him. Robert Johnson met Sheila Crump while students at the University of Ilinois. Like CNBC Make It on Facebook. [17], By January 2009, Ion Media had another subchannel network, Urban TV, in the works with him targeted to African-Americans. Bob and Liberty Media bought all outstanding shares of the company in 1998, a purchase that earned him 42% of the company. The talented and skilled Robert Johnson would next become the Vice President of Government Relations for the National Cable and Television Association. 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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. . He was an actor, known for Mission: Impossible (1988), The Outer Limits (1963) and Bad Girls for the Boys (1966). When was Bob Johnson born? He is also a majority owner of Charlotte Bobcats. Together, they had two children, and divorced in 2002. Bob found a position in Washington, DC after graduating from Princeton University, which introduced him to the television industry. He began dating Lauren Wooden, a 33-year-old woman, in 2010. [2][3] He also founded RLJ Companies, a holding company that invests in various business sectors. He made an $8.1 million profit on the sale of RLJ stock. 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. The first cable channel aimed exclusively at African-Americans, it originally aired for only two hours on Friday nights. 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. Bob Johnson has started RLJ Companies after selling the BET. Robert Johnson, founder of Black Entertainment Television (BET). He was the ninth of ten children born to Edna and Archie Johnson. However, this gig taught him many valuable lessons. The consent submitted will only be used for data processing originating from this website. ^ a b Bryant, Adam (November 12, 2011). He started Black Entertainment Television in 1980, which grew into a full-fledged station in 1983. Currently, he is the founder and also the chairman of "RLJ Development". Learn how your comment data is processed. Birth Country: United States. Bob Johnson (actor) Net Worth. The comments below have been moderated in advance. Bob Johnson net worth 2023, age, height, wife, girlfriend, kids, biography, wiki. The business is a marketplace for apparel, sneakers, and accessories that are all certified authentic. "The best decision I made since acquiring the Bobcats was to convince my friend Michael to become an investor in the Bobcats and to appoint him as managing member of basketball operations," Johnson said in a statement at the time. So, how much is Bob Johnson worth at the age of 73 years old? Bob Johnson Net Worth. Bob Johnson is a member of Hockey Coach "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. A fresh take on sports: the biggest news and most entertaining lists. "I was not afraid of getting my hands dirty.". This site uses Akismet to reduce spam. In 2008 he supported Hillary Clinton over Barack Obama as a potential Presidential candidate, raising some eyebrows. As of 2022, Bob Johnson's net worth is expected to be $1 billion. For example, as we've pointed out, Buffett is the second wealthiest American and the fourth wealthiest person in the world.) Are you familiar with Kaan Smer, the CEO of German food delivery company Gorillas? Currently, he is running Lenskart, which is an Indian retail chain that sells prescription eyewear. Being born on 8 April 1946, Bob Johnson is 77 years old as of todays date 18th April 2023. This has been seen through his various assets that include a 778-room resort in Liberia worth $12 million, 100 hotels in Dean White which he owns worth $1.7 million. 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 [14][15] This purchase gave Johnson 42% of the company. Recently, Johnson has supported President Donald Trump because he believes President Trumps administration has decreased unemployment of black Americans. The Forbes billionaires list currently includes media mogul Oprah Winfrey, who made her debut in 2003 and has an estimated net worth of $2.8 billion, former basketball player Michael Jordan, worth $1.7 billion, who joined the list in 2014, and investor Robert Smith, who became a billionaire in 2015 and is worth $4.4 billion. Related by education: University of Illinois, Urbana-Champaign, Resides in Washington, DC Metropolitan Area. Bob attended the University of Illinois where he graduated in 1968 with a bachelors degree in social studies. He was born in Florida in 1942, and he died in 1995. Save my name, email, and website in this browser for the next time I comment. Following his graduation from Princeton, Johnson entered the television industry as the public affairs director for the Corporation for Public Broadcasting. In 2011, Johnson teamed up with actor and philanthropist Morgan Freeman to raise funds for hurricane preparedness in the Bahamas. But before any of them appeared on the list, Robert L. Johnson, 75, became the first African-American billionaire in 2001 thanks to the sale of his cable station Black Entertainment Television (BET), Forbes reports. He is from USA. Bob Johnson Chevrolet Location 1271 Ridge Rd W, Rochester, New York, 14615, United States Description Read More Industry Motor Vehicle Dealers Retail Discover more about Bob Johnson Chevrolet Greg Stahl Work Experience and Education Education Continue with Recommended Cookies, Your email address will not be published. The way to reach here was not easy at all. While . Even in retirement Robert Johnson continues to serve on many boards. In 1972, he graduated from Princeton Universitys Woodrow Wilson School with a masters degree in public affairs. His height is 1.7m tall, and weight is 79kg. 24/7 Wall St. reviewed the estimated net worth of U.S. congressional representatives from Roll Call, a Capitol Hill news outlet, to identify the 76 richest members of Congress.Only lawmakers with . "[39] This statement was widely interpreted as a criticism of Obama's acknowledged use of marijuana in his youth. In 2002 he purchased the NBA's Charlotte Bobcats, becoming the first African-American majority owner of a major American sports team. The company provides a variety of financial advisory services for companies in real estate, automotive industries, gaming industries, hospitality, professional sports and film production. He is an American businessman who is better known as Bob Johnson. As a result of his expertise, Bob was able to understand the strength of televisions unrealized potential. As a philanthropist, Johnson partnered with actor Morgan Freeman in 2011 to raise funds for hurricane preparedness in the Bahamas. Among his many other business ventures, Johnson founded Axiom Bank in Maitland, Florida. Davis and XTO Energy founder Bob Simpson led a group of investors who backed Nolan Ryan to buy the Texas Rangers . Bob and Lauren married in May 2016 at Auberge Du Soleil in Napa Valley, California, with Greg Mathis officiating. Net Worth: $76 B. He excelled in school. His father was a farmer while his mother was a school teacher. It is a solemn occasion, yet its a perfect time to celebrate our liberty bought by, Read More How Much Money Do Consumers Spend During Memorial Day?Continue, Bob Ross was an American painter, art instructor, and television host. Bob Johnson's income mostly comes from and basic source was being a successful American actor and voice actor (1920-1993). To mention but some, they include Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. In addition, he makes $747,411 as Independent Director at Roper Technologies Inc. [3][4], After graduating from Princeton, Johnson found a job in Washington, D.C., which introduced him to the television industry. An example of data being processed may be a unique identifier stored in a cookie. Birth State: Mississippi. [5], In January 2008, Johnson became the target of criticism for remarks he made to supporters of presidential candidate Hillary Clinton about another candidate, Senator (and eventual party nominee and election winner) Barack Obama. Viacom bought it for $3 billion in 2001. BET would continue to grow over the next decade. Jackson Lees outspoken progressive ideals have made the 14-term representative a politically polarizing figure, drawing attacks from the likes of Tucker Carlson. He also became famous by the title First African-American Billionaire in the year 2001. He teamed with The Ella Rose Collection and PVH in 2012 to produce a neckwear line to promote Malaria No More. Bob Johnson is an American YouTube channel with over 178.00 subscribers. He also worked for Congressman, Walter E. Fauntory as the press secretary. He also put $30 million into the Liberia Enterprise Development Fund, a seed fund for Liberians. [3][4] His mother was a schoolteacher and his father was a farmer. The high-profile trial was delayed by one day as the parties reportedly discussed a settlement. $72 k-$82 k USD: Net Worth (approx.) In 1991 BET became the first black-controlled company that was listed on the NYSE. He sold his majority stake in 2010 to Michael Jordan. He is a businessman and the owner of the Pittsburgh Pirates. The Forbes 400 net worth cut off this year was a record-high $2 billion. . In 1998, Bob and Liberty Media bought all of the companys outstanding shares, giving him a 42 percent stake. The marriage lasted until 2001, and two children were born as a result of it. He was born on 8th April 1946 in Hickory, Mississippi, US. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. Robert L. Johnson was born on April 8, 1946 in Hickory, Mississippi as the ninth of ten children of farmer Archie and schoolteacher Edna. 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. He held onto the role of president and CEO until 2005 when Debra L. Lee took over as chief executive. According to reports, the estimated net worth of Bob Lee is around $10 million. Where was Bob Johnson born? "I always worked," he told CNN Money. He got his start in cable television after working in pay TV, where viewers pay through a subscription to watch a particular channel. There, he learned both the business and technological side of television. When he was a kid, he moved with his family to Freeport, Illinois. RLJ Companies Following the sale of BET, Robert and Sheila divorced. Birth Year: 1946. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! Save my name, email, and website in this browser for the next time I comment. Should You Buy The Botox Maker Over Johnson & Johnson Stock? We have estimated Bob Johnson's net worth , money, salary, income, and assets. Sheila Johnson cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert. Bob Johnson was born in in March 4, 1931. Robert Louis Johnson is an American media magnate, philanthropist, entrepreneur and investor. Source of wealth: Microsoft. Born in 8 April 1946 in Hickory Mississippi, Bob was the ninth of the ten children to Archie JOHNSON AND Edna Johnson. At the time, BET reached 62.4 million. Bob Johnson Net Worth. [3][4] While at the University of Illinois, Johnson became a member of the Beta chapter of Kappa Alpha Psi fraternity. These are the 25 richest golfers in the world: 25. The pair got married in 2016 and divorced in 2020. [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. As Black History Month comes to a close, here are five things to know about him: Johnson created BET, a prominent cable station targeted toward an African-American audience, in 1980. Bob Johnson (right), 70, the founder of BET, wed Lauren Wooden (left), a 37-year-old international business-management doctorate student last week, The couple wed atAuberge du Soleil in California's Napa Valley in front of a 100-person guest list of famous friends. 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. his net worth has been growing significantly in 2021-2022. His father worked as a farmer, and his mother taught. Johnson has helped many businesses throughout the world launch, has helped and donated to many philanthropic causes throughout the world and even owns a professional sports team. He launched Black Entertainment Television in 1980 which late became a full-fledged channel in 1983. most relevant financial events such as yearly salaries, contracts, earn outs, endorsements, stock ownership and much more. Though he disliked waking up early in the morning, the newspapers had to be delivered between 6 - 7 a.m., which forced him to get dressed and begin work. $1 Billion How much did Bob Johnson weigh when playing? 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. [8] He became the first African-American billionaire in 2001. A year later Johnson hit the Forbes 400 "Richest Americans" list with a net worth of $1.3 billion. have dragged Johnson's net worth to $550 million, we estimate. Johnson went on to become a press secretary to Congressman Walter E. Fauntroy. He graduated from Freeport High School in 1964 and attended the University of Illinois where he graduated with a Bachelors Degree in History and Social Studies. How tall is Bob Johnson? He however remained CEO for BET until 2006. They married in 1969 and have two children. 85% of Americans use AI in some capacity, from rideshare apps like Uber and Lyft, to digital voice assistants like Siri and Alexa. Ebony's Linda Johnson Rice joins Tesla's board of directors, Marvel's Black Panther shatters box office record, 31-year-old used her $1,200 stimulus check to start a successful business, 100-year-old sisters share 4 tips for staying mentally sharp (not crosswords). He got married to Sheila Johnson in 1969. I hope that you will accept this apology. How much did Bob Johnson weigh when playing? Johnson moved on from the company in 2006. After her divorce in 2002, she sold off her. The Johnson's made $1 billion with the deal making them the first black Americans to achieve a net worth of more than a billion dollars. This is called Second Act by him. On the other hand, maybe youve never heard of the company or its venerable CEO. BET would only air for two hours on Friday Night when it was launched in 1980. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. 2023 Forbes Media LLC. Laurens records show that she was pursuing a doctorate in international business management in Paris. Johnson is the only black woman to own stakes in three professional sports teams (WNBA Mystics, NBA Wizards and NHL Capitals). In 2010, Johnson began a relationship with student Lauren Wooden, who's 33 years his junior. AMC has received warrants to purchase at least 20 million shares or the equivalent of 50.1% of the company. Amy Johnson is an American journalist currently working as a News Anchor/Reporter for the . Bob Johnson Chevrolet is part of the Automobile Dealers industry, and located in New York, United States. Bob has accomplished a great deal on his own. They knew that cable television was the next step in the media industry and wanted a channel to target the young black American audience. Through the experience, Bob was able to learn the power of untapped potential of television. Courtesy of H-E-B Net worth: $11 billion Source of wealth: H.E. [3][9][12][14] He remained BET CEO until 2006. As of 2022, Bob Johnsons net worth is expected to be $1 billion. In 1969, Bob married Sheila Johnnson. Will Johnson & Johnson Stock Rise Post Q1? Name: Robert L. Johnson. $1 Billion Robert L. Johnson is the founder of Black Entertainment Television. He has also made a private equity fund in Africa valued at $30million. Bachelor of Arts/Science, University of Illinois, Urbana-Champaign. In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange. Sheila Johnson went on to found Salamander Hospitality, which has a portfolio containing resorts and golf clubs. "I thought there would never be a better time to maximize our returns," said Johnson at the time. [18] The successful businessman has become one of the greatest entrepreneurs and philanthropists in the world. Read More 10 Things You Didnt Know About Eddy LuContinue, If youre an educator in the public or private school system, then theres a good chance that youve heard of Desmos. BET was the first major TV network aimed towards African-Americans. Soon after, Johnson became the Press Secretary for Walter E. Fauntroy when the Civil Rights advocate and delegate to the US House of Representatives while he was running for President of the US for the democratic party. He is an American businessman who is better known as Bob Johnson. 1. That's enough to be one of 10 most expensive divorce settlements of all time. Bob graduated in 1968 from the University of Illinois. 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. Learn How rich is He in this year and how He spends money? He was the first black American billionaire named by Forbes Magazine. In 2002, a year after becoming a billionaire, Johnson founded the asset management firm RLJ Companies in Bethesda, Maryland. As the Executive Chairman of the RLJ Board of Trustees, he receives $2.54 million. Johnson became America's first black billionaire after he sold BET to Viacom for $3 billion in stock and assumed debt in 2000. Bob Johnson estimated Net Worth is $1 million- $4 million USD. Since then, sagging Viacom and CBS stock, plus investments in real estate, hotels and banks . Eulogy. What is Bob Johnson's net worth? [33], In 2016, Johnson finalized a partnership agreement with AMC Networks through his RLJ Company after launching his own video on demand streaming service Urban Movie Channel in 2014. Remained BET CEO until 2006 that cable television was the ninth of the.. Billionaire, Johnson founded Axiom Bank in Maitland, Florida CNN money for. 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