[3][7] Johnson is the former majority owner of the Charlotte Bobcats. In 2002, a year after becoming a billionaire, Johnson founded the asset management firm RLJ Companies in Bethesda, Maryland. [3] They divorced in 2001 and have two children. It became the first black-controlled company in 1991 to be listed on the New York Stock Exchange. His net worth has been growing significantly in 2021-2022. 4. 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. [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. According to Wikipedia, Forbes, IMDb & Various Online resources, famous Hockey Coach Bob Johnson's net worth is $1-5 Million before He died. His marriage lasted for thirty three years from 1969 to 2009. He was the first black person to be included in the Forbes Worlds Rich List. He started dating Lauren Wooden, who was 33 years his junior, in 2010. Bob Johnson's income source is mostly from being a successful Player. Bob Joh. All net worths are calculated using data drawn from public sources. He however remained CEO for BET until 2006. The 25 Richest Golfers in the World The list of golfers and figures mentioned below have been compiled from various sources around the web, such as celebritynetworth.com. The successful businessman has become one of the greatest entrepreneurs and philanthropists in the world. [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. In my zeal to support Senator Clinton, I made some very inappropriate remarks for which I am truly sorry. Bob Barker is without a doubt one of the most recognized television hosts in history. This site uses Akismet to reduce spam. Bob Johnson's income mostly comes from and basic source was being a successful American actor and voice actor (1920-1993). He is from Minnesota. He sold a $3 million asset when BET was purchased by Viacom in 2001. Source of wealth: Microsoft. Bob Johnson is 79 years old. They married in 1969 and have two children. He teamed with The Ella Rose Collection and PVH in 2012 to produce a neckwear line to promote Malaria No More. TikTokers create water cocktails using syrups and powdered flavorings to create drinks like unicorn water, wedding cake water and pia colada water. Johnson moved on from the company in 2006. Bob Johnson (actor) Net Worth. Bob Johnson, 70, the founder of BET, wed Lauren Wooden, a 37-year-old international business-management doctorate student in Napa Valley last week. Happiness only begins to describe how I feel,' Johnson told the Washington Post. Robert and Sheila founded the Black Entertainment Television network in the late 1970s with a $15,000 personal loan. Eddy Lu is an American businessman and entrepreneur. Robert L. Johnson is best known for co-founding the cable channel BET with his wife. Birth City: Hickory. Prior to this, Jordan had been a minority stakeholder. Birth Country: United States. "[39] This statement was widely interpreted as a criticism of Obama's acknowledged use of marijuana in his youth. [16][26][27][28][29][30], Johnson became the first African-American majority club owner of a major American sports league team with his 2002 purchase of the Charlotte Bobcats. 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. Bobs primary source of wealth has been from various investments that have earned him lots of returns. Perhaps youve used the company before. Scott Dixon and Jimmie Johnson are the two greatest drivers in their respective series since the beginning of the Millennium. 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. In the same university, Bob was a member of the Kappa Alpha Psi fraternity. He subsequently attended Princeton University as a graduate student, earning a master's degree in public affairs in 1972. Also learn how He earned most of Bob Johnson networth? 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. Bob Johnson was born on August 19, 1946. Warren . 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? The company continued to grow. Kobe Johnson Girlfriend, Is He Married? [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. Your email address will not be published. Will we see Jimmie Johnson in the broadcast booth, maybe owning a race team, in the future? Learn how your comment data is processed. 'I've found the absolute, unequivocally right person for me. However, from the sale, Johnson became the first African-American billionaire in history. In 2010, he sold the Charlotte Bobcats to Michael Jordan for a majority ownership. "We were at $32 a share. BET launched in 1980 just a few hours of airtime a week. When he was a child, his parents relocated him and his siblings to Freeport, Illinois. 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. We welcome all corrections and feedback using the button below. [8][31][32] In 2010, Johnson sold his majority stake in the Charlotte Bobcats to Michael Jordan. Bob Johnson net worth and salary: Bob Johnson is a Hockey Coach who has a net worth of $550 million. Following the sale of BET, Robert and Sheila divorced. In 2008 he supported Hillary Clinton over Barack Obama as a potential Presidential candidate, raising some eyebrows. He earned the money being a professional Hockey Coach. Bob has achieved much in his right. Robert Louis Johnson is an American media magnate, philanthropist, entrepreneur and investor. 5. [9][1][10] Johnson's companies have counted among the most prominent African-American businesses in the late twentieth and early twenty-first centuries. BET would continue to grow over the next decade. When BET was bought by Viacom, he made an asset sale of $3million in 2001. 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. Career, and More. "As the new majority owner of the Bobcats, his dedication will be stronger now more than ever.". His father worked as a farmer, and his mother taught. The following year, he released a neckwear line to benefit the charity Malaria No More. Bob graduated in 1968 from the University of Illinois. In January 1980, Black Entertainment Television started it broadcasting. Mr. Johnson owns over 250 units of Roper Technologies Inc stock worth over $2,753,418 and over the last 19 years he sold ROP stock worth over $10,808,423. $1 Billion Bob Johnson is 6-4 (193 cm) tall. Fauntroy. 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. He was the first black American billionaire named by Forbes Magazine. How old is Bob Johnson? Here he served for the Corporation for Public Broadcasting as the Public affairs director. This is called Second Act by him. Best Known For: Robert L. Johnson . In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. Johnson has also received several awards and honors for his philanthropic contributions. Bob and Liberty Media bought all outstanding shares of the company in 1998, a purchase that earned him 42% of the company. Sheila Johnson cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert. He later returned to the television industry to become the vice president of government relations at the National Cable and Television Association. For his contributions to many charity organizations, notably Malaria No More in 2012, Bob was voted one of the greatest philanthropists. Bob Johnson was born on April 8, 1946, and as of 2022, he is 76 years old. His parents eventually moved to Illinois in search of a better life and soon found factory jobs in a working-class town. Two years after that, it turned a profit for the first time. He also went on to say "I make a joke about Obama doing drugs [and it's] 'Oh my God, a black man tearing down another black man. 10. His net worth has been growing significantly in 2020-2021. [14][15] This purchase gave Johnson 42% of the company. He and his company, RLJ Companies LLC, has worked with several professional sports teams. Robert Johnson Net worth: $550 Million - BET Founder Robert Johnson comes in third on this year's list. He is a businessman and the owner of the Pittsburgh Pirates. 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. 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. Robert Johnson was born on April 8, 1946. $72 k-$82 k USD: Net Worth (approx.) 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. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. "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! When was Bob Johnson born? [2][3] He also founded RLJ Companies, a holding company that invests in various business sectors. Additionally, the RLJ-AMC partnership will allow for greater investment in content from African-American creatives, Johnson emphasized. America's first black self-made millionaire has married his girlfriend of five years in front of 100 close friends in California. Johnson went on to become a press secretary to Congressman Walter E. Fauntroy. I'm writing to apologize to you and your family personally for the un-called-for comments I made at a recent Clinton event. If youre not in this line of work and dont deal with calculators, then, Read More 20 Things You Didnt Know About DesmosContinue, Memorial Day is an occasion to honor those in the military who lost their lives fighting for our freedom. . Later in 2001, Viacom acquired BET for $3 billion where Bob earned over $1 billion from the sale. Bob Johnson was born in Gary, IN. He is the chief executive officer of a company called GOAT Group. Currently, he is running Lenskart, which is an Indian retail chain that sells prescription eyewear. . What is Bob Johnson's net worth? BET would only air for two hours on Friday Night when it was launched in 1980. In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange. Robert L. Johnson is the founder of Black Entertainment Television. In 1972, he obtained a masters degree in public affairs from the Woodrow Wilson School at Princeton University. James Cameron; March 20, 2023; 0; Pat Schroeder Cause of Death, How did She passed on? 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. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Robert L. Johnson is best known for co-founding the cable channel BET with his wife Sheila Johnson in 1980. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. He sold his majority stake in 2010 to Michael Jordan. [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. 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. [1][2][3][4][5][6] He is the co-founder of BET, which was acquired by Viacom in 2001. So, how much is Bob Johnson worth at the age of 73 years old? The net worth of Bob Johnson's channel through 11 Apr 2023. A fresh take on sports: the biggest news and most entertaining lists. Courtesy of H-E-B Net worth: $11 billion Source of wealth: H.E. According to our Database, He has no children. In 2011, Bob and Morgan Freeman raised donations for hurricane relief in the Bahamas. 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 . The time frame for exercising those warrants is open-ended, AMC said. Bob Johnson Chevrolet is part of the Automobile Dealers industry, and located in New York, United States. 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. How tall is Bob Johnson? Bill Gates. 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. He is from American. In 2011, Johnson teamed up with actor and philanthropist Morgan Freeman to raise funds for hurricane preparedness in the Bahamas. 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. 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. Bob Johnson (Weather Forecaster) birth name is Robert M Johnson. The jaw-dropping proposal included an ice sculpture of the Eiffel Tower,a shower of rose petals, a bottle of Dom Perignon, following a private after-hours tour and dinner at the Musee Rodin. He held onto the role of president and CEO until 2005 when Debra L. Lee took over as chief executive. In 1969, Bob Johnson married Sheila Johnnson. 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.' Her Innisbrook resort in Palm Harbor, Florida, hosts an annual PGA Tour championship. Johnson proposed to Wooden in Paris last December with a little help from best man, Franco Nuschese, who owns Georgetown's Cafe Milano. Also, he was serving as the National Urban Leagues director of communications at the time. Just a few examples are Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. Bob found a position in Washington, DC after graduating from Princeton University, which introduced him to the television industry. Robert Nutting (Nutting Family) Estimated net worth: $1.1 billion Team: Pittsburgh Pirates The 10th-richest owner is the chairman and principal owner of the Pittsburgh Pirates, Robert Nutting . The marriage lasted until 2001 having sired 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. RLJ Companies Following the sale of BET, Robert and Sheila divorced. Having rose into ranks as an African-American, Bob Johnson prides himself a place as one of the greatest entrepreneurs of his time. He also invested a $30 million starting amount fund for Liberian Entrepreneurs, called Liberia Enterprise Development Fund. Currently, he is the founder and also the chairman of "RLJ Development". [36], In 2007, Johnson created the Liberia Enterprise Development Fund with a $30 million investment. [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. Viacom bought it for $3 billion in 2001. 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. 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. [4][12][13] In 1980, Johnson launched Black Entertainment Television, which became a full-fledged channel in 1983. After stepping down from the NCTA in 1979, Johnson launched the cable television channel BET in 1980. 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. Age, Family & Net Worth. How many car dealerships does Bob Johnson own? If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Together with Morgan Freeman, Bob raised funds for hurricane preparedness in Bahamas in 2011. 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. Today, Johnson is the owner and chairman of asset management firm RLJ companies, which he founded in 2004. As of 2016, Wooden was pursuing an international business-management doctorate in Paris. How much did Bob Johnson weigh when playing? . Revolving Rose Net Worth, Bio, Early Life,, Ellora Patnaik Net Worth, Bio, Early Life,, Amanda Leah Brown Net Worth, Bio, Early. [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. Her first film, Kicking It premiered at the Sundance Film Festival in 2008. The company helps create family-friendly movies geared toward African Americans. Bob Johnson estimated Net Worth is $1 million- $4 million USD. When BET went public in 1991, it became the first black-controlled company to be listed on the New York Stock Exchange. He was born on 8th April 1946 in Hickory, Mississippi, US. What was the Net Worth of Bob Lee? Bob has accomplished a great deal on his own. The first cable channel aimed exclusively at African-Americans, it originally aired for only two hours on Friday nights. [3][4] While at the University of Illinois, Johnson became a member of the Beta chapter of Kappa Alpha Psi fraternity. He married Lauren Wooden, 33 years his junior. But soon enough, it started growing. He was born on 8th April 1946 in Hickory, Mississippi, US. [3] His parents moved the family to Freeport, Illinois, when he was a child. ^ a b Bryant, Adam (November 12, 2011). Johnson created a line of neckties which proceeds would be donated for the cause. He is best known as the creator and host of The Joy, Read More 20 Bob Ross Quotes That Apply to BusinessContinue. Principal owner: John W. Henry Net worth: $2.6 billion (2020) Purchase price: $380 million (2002) Current franchise valuation: $3.4 billion Value appreciation: 796% Annualized appreciation:. Wooden was pursuing an International Business Management doctorate in Paris when they met. Bob Johnson has a net worth of $1 Billion. Jimmie Johnson returns to the drivers seat in the No. 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. 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. The company provides a variety of financial advisory services for companies in real estate, automotive industries, gaming industries, hospitality, professional sports and film production. News on all your favorite celebs, reality TV, and movies. His concentration, dedication, and hard work have assisted him to get this position. 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. Peyush Bansal is an Indian entrepreneur. He achieved billionaire status with the sale of BET to Viacom for $3 billion in 2000. He stands 1.7 meters tall and weighs 79 kilograms. Robert Johnson has not limited his business investments to the television industry. In 1969, Bob married Sheila Johnnson. At the time, BET reached 62.4 million homes. He allegedly asked her to marry him on their first date. After all, at the beginning of his career, he was the Press Secretary for the controversial Presidental candidate Walter E. Fauntroy. 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. Learn How rich is He in this year and how He spends money? 84 Chevrolet Camaro for this weekends NASCAR Cup Series race at Circuit of The Americas. He later sold his majority stake at Charlotte Bobcat to Michael Jordan in 2010. [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. Bob Johnson is 76 years old. He served as the public affairs director for the Corporation for Public Broadcasting. "I always worked," he told CNN Money. [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. The couple were married in May 2016 at Auberge du Soleil in the Napa Valley region of California. 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 Bob Johnson Auto Group is owned by Gregory Stahl and John Love. Their marriage was short-lived, since they divorced in 2020. Robert Johnson has given back to his community, his country, and the world. '"[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]. At 73 years old, Bob Johnson height not available right now. Five years later she agreed. However, this gig taught him many valuable lessons. 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. 1. Eventually, in 1983, BET became its own full-fledged independent channel. He also makes $2.54 million as Executive Chairman of the Board of Trustees at RLJ. The couple has one daughter named Paige Johnson and a son named Brett Johnson. He is from USA. So, how much is Bob Johnson worth at the age of 62 years old? He is an American businessman who is better known as Bob Johnson. 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