He is also a majority owner of Charlotte Bobcats. He invested $30 million to help Liberian businessmen pursue their dreams. Being born on 8 April 1946, Bob Johnson is 77 years old as of todays date 18th April 2023. When BET was bought by Viacom, he made an asset sale of $3million in 2001. He married Lauren Wooden, 33 years his junior. Bob Johnson, an African-American who rose through the ranks, considers himself to be one of his generations finest entrepreneurs. Robert Johnson met Sheila Crump while students at the University of Ilinois. The business is a marketplace for apparel, sneakers, and accessories that are all certified authentic. At that time he was the part of Kappa Alpha Psi fraternity. He sold his majority stake in 2010 to Michael Jordan. Save my name, email, and website in this browser for the next time I comment. In addition, he makes $747,411 as Independent Director at Roper Technologies Inc. Bob Johnson's income mostly comes from and basic source was being a successful American actor and voice actor (1920-1993). In 2006 Johnsons RLC Companies partnered with Harvey Weinstein to create Our Story Films. 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. his net worth has been growing significantly in 2021-2022. He is the chief executive officer of a company called GOAT Group. In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. Birth City: Hickory. These include Lowes Company and the Smithsonian Institutions National Museum of African American History and Culture. Bob Johnson's income source is mostly from being a successful Actor. . 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. Having rose into ranks as an African-American, Bob Johnson prides himself a place as one of the greatest entrepreneurs of his time. 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. "I thought there would never be a better time to maximize our returns," said Johnson at the time. Currently, he is the founder and also the chairman of "RLJ Development". What is Cash App all about? Learn How rich is He in this year and how He spends money? As of April 2023, Bob Johnsons net worth is rated at $1 billion. 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. Bob Johnson, 70, the founder of BET, has married his 37-year-old girlfriend; . Bob Johnson was born in in March 4, 1931. He is an American businessman who is better known as Bob Johnson. Robert Johnson would stay on as CEO of BET for the next three years. Where was Bob Johnson born? [46] Johnson began dating Lauren Wooden, who is 33 years his junior, in 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. As of 2022, Bob Johnson's net worth is expected to be $1 billion. In 2001, media conglomerate Viacom purchased BET for $3 billion, erasing its status as a black-owned business. Bob has achieved much in his right. As of 2016, Wooden was pursuing an international business-management doctorate in Paris. Butt Florence Butt founded H-E-B grocery store in Texas in 1905, which her son Howard expanded throughout the state when he took. [39][40] Johnson said, "As an African-American, I'm frankly insulted that the Obama campaign would imply that we are so stupid that we would think Bill and Hillary Clinton, who have been deeply and emotionally involved in black issues when Barack Obama was doing something in the neighborhood that I won't say what he was doing, [but] he said it in his book. Bob Johnson was born in Aurora, IL. Johnson proposed to Wooden in Paris last December with a little help from best man, Franco Nuschese, who owns Georgetown's Cafe Milano. 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. 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 Net Worth. Johnson became America's first black billionaire after he sold BET to Viacom for $3 billion in stock and assumed debt in 2000. His parents eventually moved to Illinois in search of a better life and soon found factory jobs in a working-class town. He also owns over 13,755 units of RLJ Lodging Trust Stock. In 1991 BET went public and was listed on the New York Stock Exchange. [3] He was an honors student in high school. The way to reach here was not easy at all. 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. Read More 10 Things You Didnt Know about Kaan SmerContinue. In 1972, he graduated from Princeton Universitys Woodrow Wilson School with a masters degree in public affairs. Should You Buy The Botox Maker Over Johnson & Johnson Stock? He was also Congressman Walter E. Fauntorys press secretary. 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. Bob obtained a bachelors degree in social studies from the University of Illinois in 1968. Even in retirement Robert Johnson continues to serve on many boards. The estimated Net Worth of Robert D Johnson is at least $14.3 Million dollars as of 1 December 2022. He did, however, stay on as BETs CEO until 2006. While . 2023 Celebrity Net Worth / All Rights Reserved. He has also made a private equity fund in Africa valued at $30million. 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. Robert Johnson was the first black American to become a billionaire in the United States of America. [3][4], After graduating from Princeton, Johnson found a job in Washington, D.C., which introduced him to the television industry. 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. Required fields are marked *. 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 allegedly asked her to marry him on their first date. BET would continue to grow over the next decade. Since then, sagging Viacom and CBS stock, plus investments in real estate, hotels and banks . [9][1][10] Johnson's companies have counted among the most prominent African-American businesses in the late twentieth and early twenty-first centuries. An example of data being processed may be a unique identifier stored in a cookie. 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. Early Life His birthplace is the United States of America. 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. Bill Gates. 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. [12][14] When the network launched in 1980, it only aired for two hours on Friday night. Like this story? "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. [4][12][13] He later became vice president of government relations at the National Cable and Television Association (NCTA). [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. [14][15] This purchase gave Johnson 42% of the company. 2023 Forbes Media LLC. 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 was the former Chairman Executive Officer of Black Entertainment Television. The channel expanded considerably over the subsequent years, launching digital cable networks and, in a joint venture with Starz, a multiplex service. His father was a farmer while his mother was a school teacher. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Eulogy. At the time, BET reached 62.4 million homes. Source of wealth: Microsoft. 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. In 2012, he released a neckwear line in collaboration with The Ella Rose Collection and PVH to support the organization, Malaria No More. 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. [8] He became the first African-American billionaire in 2001. Bob Johnson (actor) Net Worth. ^ a b Bryant, Adam (November 12, 2011). We recommend you to check the complete list of Famous People born on 4 May. Robert Louis Johnson is an American media magnate, philanthropist, entrepreneur and investor. [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. Viacom bought it for $3 billion in 2001. Your email address will not be published. Robert Nutting - Pittsburgh Pirates- $1.1 Billion Robert Nutting was born in Wheeling, West Virginia, on March 29, 1962. 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. Amy Johnson is an American journalist currently working as a News Anchor/Reporter for the . Bob Johnson is an American YouTube channel with over 178.00 subscribers. He was the first black American billionaire named by Forbes Magazine. Bob Johnson Net Worth Bob's primary source of wealth has been from various investments that have earned him lots of returns. Bob has been accorded on of the greatest philanthropist with his donations to various charity organizations including the Malaria No More in 2012. [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. The job also taught him to run his own business (he had to sell subscriptions), how to deal with rejection and how to finish what he started. BET would only air for two hours on Friday Night when it was launched in 1980. 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. "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! [8][31][32] In 2010, Johnson sold his majority stake in the Charlotte Bobcats to Michael Jordan. The successful businessman has become one of the greatest entrepreneurs and philanthropists in the world. 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. He has made his wealth by founding the television network called Black Entertainment Television (BET) and as a former co-owner of NBA Franchise as well. Bob Joh. In addition to hosting one of the biggest shows on CBS, "The . Through the experience, Bob was able to learn the power of untapped potential of television. Among his many other business ventures, Johnson founded Axiom Bank in Maitland, Florida. "I was not afraid of getting my hands dirty.". So, how much is Bob Johnson worth at the age of 73 years old? 10. The company continued to grow. He has made his wealth by founding the television network called "Black Entertainment Television" (BET) and as a former co-owner of NBA Franchise as well. His father worked as a farmer, and his mother taught. Maitland, Florida, was founded by Robert Johnson, who also founded the Black Entertainment Network (BET). As of 2022, Bob Johnsons net worth is expected to be $1 billion. have dragged Johnson's net worth to $550 million, we estimate. Robert L. Johnson is best known for co-founding the cable channel BET with his wife. Revolving Rose Net Worth, Bio, Early Life,, Ellora Patnaik Net Worth, Bio, Early Life,, Amanda Leah Brown Net Worth, Bio, Early. 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. In the process, he became the first majority African-American owner of any major professional sports team in the US since the Negro leagues. Manage Settings Amy Johnson KCBS/KCAL, Bio, Wiki, Age, Family, Children, Height, Salary, and Net Worth. AMC has received warrants to purchase at least 20 million shares or the equivalent of 50.1% of the company. Will Johnson & Johnson Stock Rise Post Q1? In 2000, he became the first African-American billionaire after selling the network. 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. takes a dig at rival for trying to overturn election instead of acting like a Founding Father, Horrific moment crazed Las Vegas bus passenger kills man after knifing him 33 TIMES - as driver keeps driving and stunned witnesses watch bloodbath unfold, Toddler, 3, loses half her smile after she is savaged by rescue pup that 'ate some of her face' when it attacked her while she stroked it a day after family had fostered it, Are you suffering from the 'silent thief of sight'? 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. 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. He also invested a $30 million starting amount fund for Liberian Entrepreneurs, called Liberia Enterprise Development Fund. BET launched in 1980 just a few hours of airtime a week. Bob graduated in 1968 from the University of Illinois. [1][2][3][4][5][6] He is the co-founder of BET, which was acquired by Viacom in 2001. When they divorced, Robert paid Sheila $400 million. He also makes $2.54 million as Executive Chairman of the Board of Trustees at RLJ. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. Johnson created a line of neckties which proceeds would be donated for the cause. 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. 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. Bob Johnson Chevrolet is part of the Automobile Dealers industry, and located in New York, United States. Johnson was born in 1946 in Hickory, Mississippi, the ninth out of ten children to Edna and Archie Johnson. Robert Johnson would stay on as CEO of BET for the next three years. Robert Johnson has given back to his community, his country, and the world. [12][14] In 1998, Johnson and Liberty Media bought all outstanding shares of the company. He post graduated from the Princeton University. Best remembered by the public as the voice on the tape recorder giving Jim Phelps his mission on "Mission: Impossible" (1966) and "Mission: Impossible" (1988). The Bob Johnson Auto Group is owned by Gregory Stahl and John Love. These are the 25 richest golfers in the world: 25. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! $72 k-$82 k USD: Net Worth (approx.) His concentration, dedication, and hard work have assisted him to get this position. 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. "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. . Johnson married Sheila Johnson in 1969. In 2010, he sold the Charlotte Bobcats to Michael Jordan for a majority ownership. 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. But it wasn't the first time Johnson proposed to Wooden. At 73 years old, Bob Johnson height not available right now. Currently, he is running Lenskart, which is an Indian retail chain that sells prescription eyewear. [4][12][13] In 1980, Johnson launched Black Entertainment Television, which became a full-fledged channel in 1983. 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. [4][12] BET first turned a profit in 1985 and it became the first black-controlled company listed on the New York Stock Exchange in 1991. In 2014 Johnson contributed to the Malaria No More campaign, helping many countries combat and prevent the disease of Malaria. He later worked for the National Cable and Television Association (NCTA) as the vice president of government relations. 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In 2011, Bob and Morgan Freeman raised donations for hurricane relief in the Bahamas. We welcome all corrections and feedback using the button below. He was the ninth of ten children born to Edna and Archie Johnson. We don't have much information about He's past relationship and any previous engaged. Additionally, the RLJ-AMC partnership will allow for greater investment in content from African-American creatives, Johnson emphasized. They married in 1969 and have two children. As a result of his expertise, Bob was able to understand the strength of televisions unrealized potential. Bob Johnson - Net Worth $600 M. Bob Johnson is the co-founder of recognized Black Cable Network, BET. According to her records, Lauren was pursuing a doctorate in international business management in Paris. Continue with Recommended Cookies, Your email address will not be published. When he was still a child, his parents moved together with them to Freeport, Illinois. Currently, he is the founder and also the chairman of RLJ Development. At the same university, Bob was a member of the Kappa Alpha Psi fraternity. Published: 10:08 EDT, 14 May 2016 | Updated: 00:10 EDT, 11 February 2018. Bob Johnson is a member of Hockey Coach [4][12], Johnson left NCTA in 1979 to create Black Entertainment Television, the first cable television network aimed at African-Americans. Bob Johnson overall profits continue to grow daily, and he is gaining popularity on all sides. Career, and More. According to a recent investigation by Forbes and Business Insider, Bob Johnson estimated net worth is more than a couple of million USD, according to the publication. Recently, Johnson has supported President Donald Trump because he believes President Trumps administration has decreased unemployment of black Americans. This is called Second Act by him. Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. [36], In 2007, Johnson created the Liberia Enterprise Development Fund with a $30 million investment. He started Black Entertainment Television in 1980, which grew into a full-fledged station in 1983. Today, Johnson is the owner and chairman of asset management firm RLJ companies, which he founded in 2004. He sold stock worth over $8.1 million from RLJ. He went on to Princeton University where he received his Masters Degree in International Affairs in 1972. 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. Like CNBC Make It on Facebook. 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. The wedding, the second for both, took place in front of a host of famous faces, including music executive L.A. Reid, actor Leon Robinson and former Clinton chief of staff Mack McLarty, at the Auberge du Soleil. ': Trump issues ANOTHER threat and tells 'Soros-backed animal' Alvin Bragg to drop the case - as grand jury is cancelled for the rest of the week and questions grow about looming indictment, DeSantis' Ukraine u-turn: Florida Governor now says his 'territorial dispute' comments were 'mischaracterized', calls Putin a war criminal and says Russia is 'basically a gas station with a nuclear weapons', DeSantis says Trump should've given up power like George Washington after election loss and January 6: Florida Gov. 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!. 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? Robert L. Johnson is best known for co-founding the cable channel BET with his wife Sheila Johnson in 1980. [4] He received a master's degree in public affairs from the Woodrow Wilson School at Princeton University in 1972. 1. The high-profile trial was delayed by one day as the parties reportedly discussed a settlement. Together, they had two children, and divorced in 2002. He is from USA. View popular celebrities life details, birth signs and real ages. Fauntroy. He however remained CEO for BET until 2006. He was the first black person to be included in the Forbes Worlds Rich List. Also learn how He earned most of Bob Johnson networth? Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. Shortly thereafter, Viacom reached out expressing interest in the company and they sold. BET was acquired by Viacom in 2000 for $3 billion. The couple has one daughter named Paige Johnson and a son named Brett Johnson. Bob Johnson's income source is mostly from being a successful Player. 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Founded Axiom Bank in Maitland, Florida 's first black American to become a billionaire in the Bobcats! 29, 1962 2022, Bob and Morgan Freeman raised donations for hurricane relief in the,... Sold stock worth over $ 8.1 million from RLJ ensure that our numbers are as accurate as,! The owner and chairman of the greatest philanthropist with his wife Sheila in. Status as a black-owned business discussed a settlement, email, and divorced 2002. Divorced in 2002 the Johnsons sold BET to Viacom for $ 3 billion that are all certified authentic married...: net worth $ 600 M. Bob Johnson was born in in March 4, 1931,! $ 550 million, we estimate Johnson Chevrolet is part of the biggest shows on CBS, quot. He graduated from Princeton Universitys Woodrow Wilson school with a $ 30 million to help Liberian businessmen pursue dreams! Indian retail chain that sells prescription eyewear farmer while his mother taught in 2010 was also Walter...
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