He was the first black person to be included in the Forbes Worlds Rich List. When BET originally started in 1980, it only broadcast on Friday nights for two hours. Being born on 8 April 1946, Bob Johnson is 77 years old as of todays date 18th April 2023. Around the same time he also worked as the director of communications for the Washington, D.C. office of the National Urban League. This is called Second Act by him. $1 Billion Robert L. Johnson is the founder of Black Entertainment Television. The successful businessman has become one of the greatest entrepreneurs and philanthropists in the world. Birth Country: United States. Their marriage was short-lived, since they divorced in 2020. His father was a farmer while his mother was a school teacher. Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. 20 Bob Ross Quotes That Apply to Business, 10 Things You Didnt Know about Kaan Smer, supported Hillary Clinton over Barack Obama, The 10 Richest Neighborhoods in Los Angeles. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. Johnson proposed to Wooden in Paris last December with a little help from best man, Franco Nuschese, who owns Georgetown's Cafe Milano. It started 11 years ago and has 219 uploaded videos. Bob Johnson has a net worth of $1 Billion. How much did Bob Johnson weigh when playing? He excelled in school. Should You Buy The Botox Maker Over Johnson & Johnson Stock? Bill Gates. [14][15] This purchase gave Johnson 42% of the company. Johnson ventured into professional sports team ownership in late 2002 when a group he led was awarded majority ownership of the NBA's newly named Charlotte Bobcats. "John and I were looking at the business, and the market wasn't giving us the valuation it did to others," Johnson told Fortune in 2012. When they divorced, Robert paid Sheila $400 million. Bob Johnson's Net Worth: $1-5 Million. 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. Johnson went on to become a press secretary to Congressman Walter E. Fauntroy. [18] They married in 1969 and have two children. The Forbes 400 net worth cut off this year was a record-high $2 billion. Bob Johnson is 6-5 (196 cm) tall. "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. Birth State: Mississippi. While . Nutting is the sixth principal owner of the Pittsburgh Pirates in its history. 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. Don't miss: These two men paid over $650,000 for lunch with Warren Buffetthere are 3 things they learned, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. 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. It was only for two hours a week initially. [3][4] His mother was a schoolteacher and his father was a farmer. Among his many other business ventures, Johnson founded Axiom Bank in Maitland, Florida. I was not afraid of getting my hands dirty. In 1969, Bob Johnson married Sheila Johnnson. She would receive a large share of BET and the couples other assets. 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. His net worth has been growing significantly in 2020-2021. According to Wikipedia, Forbes, IMDb & Various Online resources, famous Hockey Coach Bob Johnson's net worth is $1-5 Million before He died. Courtesy of H-E-B Net worth: $11 billion Source of wealth: H.E. For Black women, who were selected by J&J as the right place to sell more baby powder to, this is perhaps an opportunity for financial reciprocity. Birth City: Hickory. Happiness only begins to describe how I feel,' Johnson told the Washington Post. The high-profile trial was delayed by one day as the parties reportedly discussed a settlement. The couple were married in May 2016 at Auberge du Soleil in the Napa Valley region of California. RLC Companies is a Holding Company and Asset Management Firm. 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. [11] Johnson worked as a press secretary for Congressman Walter E. So, how much is Bob Johnson worth at the age of 73 years old? He is a retired meteorologist and former regional television weather presenter on Tyne Tees news. Out of the 2,043 people who appear on the 2017 Forbes list of billionaires, only three are African-American: Oprah Winfrey, Robert Smith and Michael Jordan. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. How many car dealerships does Bob Johnson own? Johnson was born in 1946 in Hickory, Mississippi, the ninth out of ten children to Edna and Archie Johnson. [41] In subsequent days, Johnson was roundly criticized for his comments as hypocritical given the prodigious glorification of drug use and sale by artists prominently featured on BET. Today, Johnson is the owner and chairman of asset management firm RLJ companies, which he founded in 2004. $1 million- $4 million USD: We know Bob Johnson is a Not Available Certified Public AccountantFormer Pulaski County Justice of the peace. In 2012, he released a neckwear line in collaboration with The Ella Rose Collection and PVH to support the organization, Malaria No More. The talented and skilled Robert Johnson would next become the Vice President of Government Relations for the National Cable and Television Association. According to the agreement, AMC will use its programming and distribution clout to benefit Acorn and UMC. 2023 Forbes Media LLC. As a young adult, Johnson went to the University of Illinois Urbana-Champaign, from which he graduated in 1968 with a bachelor's degree in social studies. [17], By January 2009, Ion Media had another subchannel network, Urban TV, in the works with him targeted to African-Americans. The couple has one daughter named Paige Johnson and a son named Brett Johnson. 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. Notably, hip hop artist Nelly became a co-owner. He invested $30 million to help Liberian businessmen pursue their dreams. He sold stock worth over $8.1 million from RLJ. Robert went on to found RLT Companies while Sheila pursued a career as a producer. 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. In 2001 he became billionaire after selling the station to . Are you familiar with Kaan Smer, the CEO of German food delivery company Gorillas? 'I've found the absolute, unequivocally right person for me. 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. By 1983 BET was a full-fledged cable network averaging a half million viewers a week. "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. So, how much is Bob Johnson worth at the age of 73 years old? We welcome all corrections and feedback using the button below. Bob Johnson was born in Aurora, IL. 84 Chevrolet Camaro for this weekends NASCAR Cup Series race at Circuit of The Americas. [5][37][38] The fund provides credit for Liberian entrepreneurs. After completing studies from Princeton University, Bob secured a job that introduced him to the television industry in Washington DC. Like this story? 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. However, from the sale, Johnson became the first African-American billionaire in history. [3][16] The RLJ Companies is headquartered in Bethesda, Maryland. Robert Johnson came from humble beginnings. Robert Louis Johnson is an American media magnate, philanthropist, entrepreneur and investor. TikTokers create water cocktails using syrups and powdered flavorings to create drinks like unicorn water, wedding cake water and pia colada water. Jackson Lees outspoken progressive ideals have made the 14-term representative a politically polarizing figure, drawing attacks from the likes of Tucker Carlson. Career, and More. Sheila Johnson cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert. BET would only air for two hours on Friday Night when it was launched in 1980. Ice hockey coach who guided college, international, and professional teams, including the Wisconsin Badgers men's hockey team from 1966 until 1982. Robert Johnson became the first African American billionaire in 2000 after he sold the network to Viacom for $3 billion in stock and assumed swag. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Learn How rich is He in this year and how He spends money? Viacom bought it for $3 billion in 2001. He remained in his position as CEO of BET until 2006. BET was acquired by Viacom in 2000 for $3 billion. We will update Bob Johnson's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. In 2007 he visited Liberian business entrepreneurs. Continue with Recommended Cookies, Your email address will not be published. He got married to Sheila Johnson in 1969. 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. He is from USA. On the other hand, maybe youve never heard of the company or its venerable CEO. 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. She was an executive producer of the critically-acclaimed 2013 film The Butler, which tells the story of a former slave turned White House employee. 85% of Americans use AI in some capacity, from rideshare apps like Uber and Lyft, to digital voice assistants like Siri and Alexa. He is from Minnesota. his net worth has been growing significantly in 2021-2022. It was the first African American owned business to do so in the United States of America. Johnson is notable for being the first African-American billionaire, a status he achieved in 2001 upon the sale of BET to Viacom. Bob Johnson net worth and salary: Bob Johnson is a Hockey Coach who has a net worth of $550 million. All net worths are calculated using data drawn from public sources. Prior to this, Jordan had been a minority stakeholder. This achievement has led to his being one of the worlds wealthiest men. Robert Johnson met Sheila Crump while students at the University of Ilinois. 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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. sold his majority stake in 2010 to Michael Jordan, Robert and Sheila Johnson Divorce Settlement, If Michael Jordan Sells The Charlotte Hornets, He'll Be The Undisputed Financial GOAT Of GOATS, Of The 607 American Billionaires, Only Five Are Black, The 10 Most Successful African American CEOs. The estimated Net Worth of Robert D Johnson is at least $14.3 Million dollars as of 1 December 2022. We recommend you to check the complete list of Famous People born on 4 May. But it wasn't the first time Johnson proposed to Wooden. "I thought there would never be a better time to maximize our returns," said Johnson at the time. All Rights Reserved. Play it now! Perhaps youve used the company before. Bobs primary source of wealth has been from various investments that have earned him lots of returns. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Maybe you know about Bob Johnson very well But do you know how old and tall is he and what is his net worth in 2023? Bob Johnson's income mostly comes from and basic source was being a successful American actor and voice actor (1920-1993). Best Known For: Robert L. Johnson . 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? The Johnson family moved to Freeport, Illinois when Robert was young. His concentration, dedication, and hard work have assisted him to get this position. Robert L. Johnson is best known for co-founding the cable channel BET with his wife. [4] He received a master's degree in public affairs from the Woodrow Wilson School at Princeton University in 1972. [36], In 2007, Johnson created the Liberia Enterprise Development Fund with a $30 million investment. He and his company, RLJ Companies LLC, has worked with several professional sports teams. Early Life His birthplace is the United States of America. Currently, he is the founder and also the chairman of "RLJ Development". That's enough to be one of 10 most expensive divorce settlements of all time. Together with Morgan Freeman, Bob raised funds for hurricane preparedness in Bahamas in 2011. [12][14] In 1998, Johnson and Liberty Media bought all outstanding shares of the company. Johnson became America's first black billionaire after he sold BET to Viacom for $3 billion in stock and assumed debt in 2000. His height is 1.7m tall, and weight is 79kg. In 1998, Bob and Liberty Media bought all of the companys outstanding shares, giving him a 42 percent stake. He is from American. Five warning signs of vision-robbing condition glaucoma revealed - and the celebrities living with it, 'I lose no matter how hard I train:' Heartbreaking words of female cyclist who quit sport after constant beatings by trans competitors - as transgender rising star, 46, hammers competition. [4][12], Johnson left NCTA in 1979 to create Black Entertainment Television, the first cable television network aimed at African-Americans. In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. In January 1980, Black Entertainment Television started it broadcasting. What is Cash App all about? Net Worth: $76 B. He also holds over 13,755 shares of RLJ Lodging Trust Stock. Andrea Russett | Net Worth, Boyfriend, & Wiki, Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. . We have estimated Bob Johnson's net worth, money, salary, income, and assets. [47] They married in May 2016; Greg Mathis officiated,[48] and divorced in 2020. He however remained CEO for BET until 2006. BET was the first major TV network aimed towards African-Americans. Her first film, Kicking It premiered at the Sundance Film Festival in 2008. [14][15] Viacom acquired BET in 2001 for a reported $3 billion; Johnson earned over $1 billion from the sale, making him the first black American billionaire. They knew that cable television was the next step in the media industry and wanted a channel to target the young black American audience. Discover Bob Johnson's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. 10. Q5. Bob Johnson was born in in March 4, 1931. He was born on 8th April 1946 in Hickory, Mississippi, US. He was also Congressman Walter E. Fauntorys press secretary. Bob became the first American majority owner of a major American Sports League team when he bought the Charlotte Bobcats in 2002. Bob Johnson's income source is mostly from being a successful Player. Well, if youre ready, lets start. Born in 8 April 1946 in Hickory Mississippi, Bob was the ninth of the ten children to Archie JOHNSON AND Edna Johnson. We and our partners use cookies to Store and/or access information on a device. Sheila Johnson cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert. 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 Bob Johnson later ventured into hotel real estate investment, private equity , financial services, asset management, automobile dealership , entertainment and sports, and video lottery terminal gaming through a singular holdings company outfit; The RLJ Companies, headquartered in Bethesda, Maryland. He is a businessman and the owner of the Pittsburgh Pirates. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 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. Six years later, Johnson and his business partner offered $300 million to buy back the 35 percent stock they didn't already own, making the company private once again. He also sits on the board of many prominent organizations including Lowe's Co. and the Smithsonian Institution's National Museum of African American History and Culture. In 2008 he supported Hillary Clinton over Barack Obama as a potential Presidential candidate, raising some eyebrows. We ended up buying the company back at $62 a share.". In 1969, Bob married Sheila Johnnson. In 2002, Bob purchased Charlotte Bobcats becoming the first American majority club owner of a major American Sports League team. He sold his majority stake in 2010 to Michael Jordan. Robert Louis Johnson (born April 8, 1946) is an American entrepreneur, media magnate, executive, philanthropist, and investor. [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. Arpad Busson Net Worth. 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. [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. In 2001, media conglomerate Viacom purchased BET for $3 billion, erasing its status as a black-owned business. Bob Johnson Net Worth Bob's primary source of wealth has been from various investments that have earned him lots of returns. The consent submitted will only be used for data processing originating from this website. He is the chief executive officer of a company called GOAT Group. Even in retirement Robert Johnson continues to serve on many boards. "As the new majority owner of the Bobcats, his dedication will be stronger now more than ever.". We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Revolving Rose Net Worth, Bio, Early Life,, Ellora Patnaik Net Worth, Bio, Early Life,, Amanda Leah Brown Net Worth, Bio, Early. He allegedly asked her to marry him on their first date. Bob has achieved much in his right. When he was still a child, his parents moved together with them to Freeport, Illinois. According to her records, Lauren was pursuing a doctorate in international business management in Paris. Robert Johnson would stay on as CEO of BET for the next three years. He also became famous by the title First African-American Billionaire in the year 2001. According to reports, the estimated net worth of Bob Lee is around $10 million. He achieved billionaire status with the sale of BET to Viacom for $3 billion in 2000. Here is the richest billionaire in every state; net worths are as of March 18, 2020. What is Bob Johnson's net worth? At the time, BET reached 62.4 million. 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!. We expect J&J to report revenues and earnings slightly above the consensus estimate, and JNJ stock appears to have more room for growth. At that time he was the part of Kappa Alpha Psi fraternity. Learn how your comment data is processed. He is best known as the creator and host of The Joy, Read More 20 Bob Ross Quotes That Apply to BusinessContinue. BET would continue to grow over the next decade. [4][12][13] He later became vice president of government relations at the National Cable and Television Association (NCTA). Just a few examples are Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. How much did Bob Johnson weigh when playing? After stepping down from the NCTA in 1979, Johnson launched the cable television channel BET in 1980. In addition, he makes $747,411 as Independent Director at Roper Technologies Inc. He teamed with The Ella Rose Collection and PVH in 2012 to produce a neckwear line to promote Malaria No More. In 2014 Johnson contributed to the Malaria No More campaign, helping many countries combat and prevent the disease of Malaria. As the Executive Chairman of the RLJ Board of Trustees, he receives $2.54 million. 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