In Africa, he has also formed a $30 million private equity fund. He also holds over 13,755 shares of RLJ Lodging Trust Stock. 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. [17], By January 2009, Ion Media had another subchannel network, Urban TV, in the works with him targeted to African-Americans. For the first few years of Johnson's life, his father chopped and sold timber while his mother taught school in Mississippi. [12][14] When the network launched in 1980, it only aired for two hours on Friday night. 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. BET was the first major TV network aimed towards African-Americans. The first cable channel aimed exclusively at African-Americans, it originally aired for only two hours on Friday nights. He has been on the boards of directors of a number of companies and organizations. 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. 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. Like this story? Johnson was born in 1946 in Hickory, Mississippi, the ninth out of ten children to Edna and Archie Johnson. Bob Johnson Net Worth Bob's primary source of wealth has been from various investments that have earned him lots of returns. Bob and Liberty Media bought all outstanding shares of the company in 1998, a purchase that earned him 42% of the company. Eddy Lu is an American businessman and entrepreneur. Currently, he is running Lenskart, which is an Indian retail chain that sells prescription eyewear. In 2010, Johnson began a relationship with student Lauren Wooden, who's 33 years his junior. [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. Johnson became the first black majority owner of an NBA team with the purchase of the Charlotte Bobcats. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Bob Johnson was born in Aurora, IL. Having rose into ranks as an African-American, Bob Johnson prides himself a place as one of the greatest entrepreneurs of his time. Shortly thereafter, Viacom reached out expressing interest in the company and they sold. In 2001, media conglomerate Viacom purchased BET for $3 billion, erasing its status as a black-owned business. 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. Also, he was serving as the National Urban Leagues director of communications at the time. Bob Johnson was born on April 25, 1943. 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. "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 was Bob Johnson born? He married Lauren Wooden, 33 years his junior. He is from USA. He post graduated from the Princeton University. The studios and the writers can find valuable takeaways from the 2007-'08 strike, including being aware and wary of new technology and keeping an eye on public opinion. But soon enough, it started growing. Robert Johnson was born on April 8, 1946. Good luck on the campaign trail. Sheila Johnson cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert. His father was a farmer while his mother was a school teacher. 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. Gender: Male. He allegedly asked her to marry him on their first date. It was the first African American owned business to do so in the United States of America. In 2010, he sold his majority stake to Michael Jordan in a $275 million bid due to a steady decline of the team's value and an annual loss of tens of millions of dollars. 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. [42] On January 17, 2008, Johnson sent Obama the following apology:[43] .mw-parser-output .templatequote{overflow:hidden;margin:1em 0;padding:0 40px}.mw-parser-output .templatequote .templatequotecite{line-height:1.5em;text-align:left;padding-left:1.6em;margin-top:0}. 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. He remained in his position as CEO of BET until 2006. Bob Johnson overall profits continue to grow daily, and he is gaining popularity on all sides. Where was Bob Johnson born? 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. Warren . He was an actor, known for Mission: Impossible (1988), The Outer Limits (1963) and Bad Girls for the Boys (1966). 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. Peyush Bansal is an Indian entrepreneur. Among his many other business ventures, Johnson founded Axiom Bank in Maitland, Florida. In 1991, it became the first black-owned firm to be listed on the New York Stock Exchange. The company helps create family-friendly movies geared toward African Americans. Robert L. Johnson is best known for co-founding the cable channel BET with his wife Sheila Johnson in 1980. In addition to hosting one of the biggest shows on CBS, "The . All Rights Reserved. [8] He became the first African-American billionaire in 2001. When was Bob Johnson born? He started Black Entertainment Television in 1980, which grew into a full-fledged station in 1983. In 1991 BET went public and was listed on the New York Stock Exchange. Robert Johnson met Sheila Crump while students at the University of Ilinois. Bob Johnson (Weather Forecaster) birth name is Robert M Johnson. Here is the richest billionaire in every state; net worths are as of March 18, 2020. In the spring of 1980, Johnson took out a $15,000 loan and set out to launch his own business. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Published: 10:08 EDT, 14 May 2016 | Updated: 00:10 EDT, 11 February 2018. The intimate ceremonys guest included actor Leon Robinson, music executive L.A. Reid, and Mack McLarty, Bill Clintons former Chief of Staff. In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. Operated by AMC Networks, it was created to offer original films and television series aimed at African-American audiences. "We were at $32 a share. "[39] This statement was widely interpreted as a criticism of Obama's acknowledged use of marijuana in his youth. The World's Most Entertaining Car Website, Princeton University (1972), University of Illinois at Urbana-Champaign (1968), Woodrow Wilson School of Public and International Affairs, Greys Anatomy Star Kate Walsh Unintentionally Revealed That Shes Engaged To Her Partner Andrew Nixon, Kim Kardashians $150 Million Private Jet Has Strict Rules, Adam Levine Returns To Stage After Cheating Allegations, Tiffany Haddishs Lawsuit Was Dropped, But Her Career Is Totally Over, Here's How Jon Hamm Built His $45 Million Empire, A Peek Inside King Charles III's Luxurious Watch Collection, Kanye Hires Melinda Gates Divorce Lawyer To Fight Kim Kardashian, Poppy Montgomery Sued $48,000 By Former House Helper For Unpaid Wages, Chris DElia Hit With Temporarily Restraining Order By The Woman He Adamantly Denies He Ever Met. [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. However, from the sale, Johnson became the first African-American billionaire in history. Robert and Sheila founded the Black Entertainment Television network in the late 1970s with a $15,000 personal loan. We have estimated In 2002 he purchased the NBA's Charlotte Bobcats, becoming the first African-American majority owner of a major American sports team. Their marriage was short-lived, since they divorced in 2020. [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. Loud explosions rock thermal power station in Russia's Belgorod, Football fan punched and kicked unconscious as rival hooligans brawl, Moment gangster-politican Atiq Ahmed is shot point blank live on TV, Polish police raid nightclubs during organised crime crackdown, BBC's Justin Rowlatt goes bollard hunting as residents war over LTN, Italian police seize more than 350M worth of cocaine from the Med, Gerry 'The Monk' Hutch seen leaving the court after not guilty verdict, Teens scatter as gunshots ring out during fight in Chicago, Andrew Lloyd Webber dedicates final Phantom performance to late son, Phillip returns to This Morning after brother's sex abuse trial, Shocking moment driver causes three-vehicle smash, Businesswoman Jacqueline Gold's funeral at Old Royal Naval College, BET founder Bob Johnson engaged to Lauren Wooden - The Washington Post. 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 Bob and Lauren married in May 2016 at Auberge Du Soleil in Napa Valley region of California where Greg Mathis officiated. He invested $30 million to help Liberian businessmen pursue their dreams. Bob Johnson was born on April 8, 1946, and as of 2022, he is 76 years old. He was the ninth of ten children in his family. ARIZONA | ARTURO MORENO CITY: PHOENIX NET WORTH: $3.3 BILLION OVERALL RANK: NO. He was also the Director of Communications for the National Urban League. As a philanthropist, Johnson partnered with actor Morgan Freeman in 2011 to raise funds for hurricane preparedness in the Bahamas. By 1983 BET was a full-fledged cable network averaging a half million viewers a week. The consent submitted will only be used for data processing originating from this website. 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. Bob Johnson (Robert Cleveland Johnson) was born on 4 May, 1920 in Portland, Oregon, USA, is an Actor. [3] His parents moved the family to Freeport, Illinois, when he was a child. Scott Dixon and Jimmie Johnson are the two greatest drivers in their respective series since the beginning of the Millennium. Following the sale of BET, Robert and Sheila divorced. The successful businessman has become one of the greatest entrepreneurs and philanthropists in the world. These are the 25 richest golfers in the world: 25. [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. $1-5million. His net worth has been growing significantly in 2021-2022. In 2008 he supported Hillary Clinton over Barack Obama as a potential Presidential candidate, raising some eyebrows. Early Life His birthplace is the United States of America. BET launched in 1980 just a few hours of airtime a week. Robert L. Johnson is the founder of Black Entertainment Television. Bill Gates. He also founded the asset management firm RLJ Companies, and was majority owner of the NBA's Charlotte Bobcats from 2002 to 2010. View popular celebrities life details, birth signs and real ages. Johnson created a line of neckties which proceeds would be donated for the cause. have dragged Johnson's net worth to $550 million, we estimate. Bob Johnson was born in Gary, IN. This achievement has led to his being one of the worlds wealthiest men. What is Bob Johnson's net worth? A Los Angeles based movie company called Our Stories Films has been founded by Johnson in the year 2006. Wooden was pursuing an International Business Management doctorate in Paris when they met. Source of wealth: Microsoft. In the process, he became the first majority African-American owner of any major professional sports team in the US since the Negro leagues. In 2011, Bob and Morgan Freeman raised donations for hurricane relief in the Bahamas. Johnson became America's first black billionaire after he sold BET to Viacom for $3 billion in stock and assumed debt in 2000. In the same university, Bob was a member of the Kappa Alpha Psi fraternity. We have estimated Bob Johnson's net worth, money, salary, income, and assets. Bob became the first American majority owner of a major American Sports League team when he bought the Charlotte Bobcats in 2002. Johnson has also received several awards and honors for his philanthropic contributions. How Much Money Do Consumers Spend During Memorial Day? Since then, sagging Viacom and CBS stock, plus investments in real estate, hotels and banks . [18] Bob Johnson was born on May 4, 1920 in Portland, Oregon, USA as Robert Cleveland Johnson. 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. It was only for two hours a week initially. 85% of Americans use AI in some capacity, from rideshare apps like Uber and Lyft, to digital voice assistants like Siri and Alexa. What is Cash App all about? He and his company, RLJ Companies LLC, has worked with several professional sports teams. At the time, BET reached 62.4 million. He also invested a $30 million starting amount fund for Liberian Entrepreneurs, called Liberia Enterprise Development Fund. He is most known for his hosting CBS's "The Price Is Right" from 1972 all the way to 2007. Johnson told CNN Money in 2012 that his only entrepreneurial experience was a paper route as a kid. Age, Family & Net Worth. [3] They divorced in 2001 and have two children. "I was not afraid of getting my hands dirty.". Unless they move quickly to ensure people receiving Medicaid are eligible for it, Michigan will be working to protect the profits of Medicaid insurance companies at the expense of the truly needy. 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. 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 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. His concentration, dedication, and hard work have assisted him to get this position. He earned the money being a professional Hockey Coach. How many car dealerships does Bob Johnson own? Bob Johnson's Net Worth: $1-5 Million. 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. The Bob Johnson Auto Group is owned by Gregory Stahl and John Love. We welcome all corrections and feedback using the button below. Robert Johnson Net worth: $550 Million - BET Founder Robert Johnson comes in third on this year's list. We expect J&J to report revenues and earnings slightly above the consensus estimate, and JNJ stock appears to have more room for growth. His height is 1.7m tall, and weight is 79kg. 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. He started dating Lauren Wooden, who was 33 years his junior, in 2010. The estimated Net Worth of Robert D Johnson is at least $14.3 Million dollars as of 1 December 2022. He sold stock worth over $8.1 million from RLJ. Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. Bob graduated in 1968 from the University of Illinois. A fresh take on sports: the biggest news and most entertaining lists. On the other hand, maybe youve never heard of the company or its venerable CEO. Currently, he is the founder and also the chairman of RLJ Development. We don't have much information about He's past relationship and any previous engaged. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. 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 . 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. Fox News Defamation Trial To Start Tuesday After Delay: Heres What To Watch For, Michigan Deserves Accountability For Medicaid, Instead Of Lining The Pockets Of Insurance Companies, 5 Critical Lessons From The Last Writers Strike, Divisive TikTok Trend WaterTok: Why Some Experts Warn Against It And Others Encourage It, Scott Dixon, Jimmie Johnson Lead Motorsports Hall Of Fame Of America Class Of 2024, Youre Already Using AI: Heres Where Its At In Everyday Life, From Facial Recognition To Navigation Apps. Inspired by their drive, he helped create the Liberian Enterprise Development Fund. He is also the first African American principal owner of a major North American sports franchise. Bob Johnson Net Worth. [3][16] The RLJ Companies is headquartered in Bethesda, Maryland. Beyond its Bethesda headquarters, RLJ Companies has additional offices in Little Rock, Arkansas; Charlotte, North Carolina; Los Angeles, California; San Juan, Puerto Rico; and Monrovia, Liberia. 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 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. 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. Net Worth: $76 B. 84 Chevrolet Camaro for this weekends NASCAR Cup Series race at Circuit of The Americas. At the time, BET reached 62.4 million homes. Birth Country: United States. Bob Johnson is 6-4 (193 cm) tall. [34], In 2011, Johnson worked with Morgan Freeman to raise funds for hurricane preparedness in the Bahamas. Kobe Johnson Girlfriend, Is He Married? 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. Amy Johnson is an American journalist currently working as a News Anchor/Reporter for the . 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!. Johnson's parents enrolled her in an all-white school in early 1950s Kentucky before desegregation was federally mandated. 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. [3][4] His mother was a schoolteacher and his father was a farmer. "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. He was the former Chairman Executive Officer of Black Entertainment Television. He went on to Princeton University where he received his Masters Degree in International Affairs in 1972. He was born on 8th April 1946 in Hickory, Mississippi, US. 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. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. We and our partners use cookies to Store and/or access information on a device. He also makes $2.54 million as Executive Chairman of the Board of Trustees at RLJ. RLJ Companies Following the sale of BET, Robert and Sheila divorced. Bob Johnson has a net worth of $1 Billion. At the same university, Bob was a member of the Kappa Alpha Psi fraternity. Bob obtained a bachelors degree in social studies from the University of Illinois in 1968. 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. He is also a majority owner of Charlotte Bobcats. When he was still a child, his parents moved together with them to Freeport, Illinois. Also View Alvin Martins Net Worth. After all, at the beginning of his career, he was the Press Secretary for the controversial Presidental candidate Walter E. Fauntroy. It expanded in both the traditional and digital markets. Manage Settings After completing studies from Princeton University, Bob secured a job that introduced him to the television industry in Washington DC. The kicker - a seven-and-a-half carat engagement ring. He is the chief executive officer of a company called GOAT Group. Prior to this, Jordan had been a minority stakeholder. Bob Johnson - Net Worth $600 M. Bob Johnson is the co-founder of recognized Black Cable Network, BET. [8][31][32] In 2010, Johnson sold his majority stake in the Charlotte Bobcats to Michael Jordan. Bob Johnson was born in in March 4, 1931. He also put $30 million into the Liberia Enterprise Development Fund, a seed fund for Liberians. Just a few examples are Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. Johnson married Sheila Johnson in 1969. When BET went public in 1991, it became the first black-controlled company to be listed on the New York Stock Exchange. Robert Johnson would stay on as CEO of BET for the next three years. In 1998, Bob and Liberty Media bought all of the companys outstanding shares, giving him a 42 percent stake. As of 2022, Bob Johnson's net worth is expected to be $1 billion. Johnson is the only black woman to own stakes in three professional sports teams (WNBA Mystics, NBA Wizards and NHL Capitals). He was also Congressman Walter E. Fauntorys press secretary. 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.' According to our Database, He has no children. The company continued to grow. In 2011, Johnson teamed up with actor and philanthropist Morgan Freeman to raise funds for hurricane preparedness in the Bahamas. BET would continue to grow over the next decade. He was born on 8th April 1946 in Hickory, Mississippi, US. He is a retired meteorologist and former regional television weather presenter on Tyne Tees news. 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. The company provides a variety of financial advisory services for companies in real estate, automotive industries, gaming industries, hospitality, professional sports and film production. Viacom bought it for $3 billion in 2001. Robert Johnson has given back to his community, his country, and the world. In 2000, he became the first African-American billionaire after selling the network. 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