bob johnson net worthbob johnson net worth

It started 11 years ago and has 219 uploaded videos. Laurens records show that she was pursuing a doctorate in international business management in Paris. He is also the first African American principal owner of a major North American sports franchise. He went on to found the RLJ Companies which is a holding company with a very diverse portfolio. When BET went public in 1991, it became the first black-controlled company to be listed on the New York Stock Exchange. In the process, he became the first majority African-American owner of any major professional sports team in the US since the Negro leagues. He is also a majority owner of Charlotte Bobcats. '"[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]. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Here we are updating just estimated networth of Robert . All Rights Reserved. Robert Johnson was born on April 8, 1946. It was reaching tens of millions of viewers. Bob Johnson - Net Worth $600 M. Bob Johnson is the co-founder of recognized Black Cable Network, BET. He served as the public affairs director for the Corporation for Public Broadcasting. 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. Pharmaceutical giant Johnson & JohnsonJNJ wants to do a one-time lump sum payment of at least $8.9 billion to thousands of talc-powder claimants. Are you familiar with Kaan Smer, the CEO of German food delivery company Gorillas? [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 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! Viacom bought it for $3 billion in 2001. Sheila Johnson cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert. He is from American. 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. Currently, he is the founder and also the chairman of "RLJ Development". Peyush Bansal is an Indian entrepreneur. "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. Johnson became the first black majority owner of an NBA team with the purchase of the Charlotte Bobcats. He is an American businessman who is better known as Bob Johnson. Continue with Recommended Cookies, Your email address will not be published. What is Bob Johnson's net worth? Notably, hip hop artist Nelly became a co-owner. Bob Johnson is 6-4 (193 cm) tall. Save my name, email, and website in this browser for the next time I comment. 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. He is from Minnesota. He is a member of famous Actor with the age 73 years old group. I hope that you will accept this apology. He began dating Lauren Wooden, a 33-year-old woman, in 2010. When he was a kid, he moved with his family to Freeport, Illinois. In 1972, he graduated from Princeton Universitys Woodrow Wilson School with a masters degree in public affairs. [4][12], Johnson left NCTA in 1979 to create Black Entertainment Television, the first cable television network aimed at African-Americans. We expect J&J to report revenues and earnings slightly above the consensus estimate, and JNJ stock appears to have more room for growth. [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}. Monthly Income/Salary (approx.) Best Known For: Robert L. Johnson . Eddy Lu is an American businessman and entrepreneur. As the Executive Chairman of the RLJ Board of Trustees, he receives $2.54 million. Later in 2001, Viacom acquired BET for $3 billion where Bob earned over $1 billion from the sale. The way to reach here was not easy at all. "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. TV's Judge Mathis, real name Greg Mathis, officiated the ceremony. All net worths are calculated using data drawn from public sources. Net Worth: $76 B. Where was Bob Johnson born? While . In 2002, Bob purchased Charlotte Bobcats becoming the first American majority club owner of a major American Sports League team. [3] He was an honors student in high school. A Division of NBC Universal. At that time he was the part of Kappa Alpha Psi fraternity. Being born on 8 April 1946, Bob Johnson is 77 years old as of todays date 18th April 2023. He is currently single. At the time, BET reached 62.4 million homes. RLJ Companies Following the sale of BET, Robert and Sheila divorced. The couple were married in May 2016 at Auberge du Soleil in the Napa Valley region of California. In 2010, following the Bobcats' first-ever winning season, Johnson sold his majority stake in the team to Michael Jordan. He got married to Sheila Johnson in 1969. In 2011, Bob and Morgan Freeman raised donations for hurricane relief in the Bahamas. He is not dating anyone. The pair got married in 2016 and divorced in 2020. In the Major League Sports Franchise of North America, he is the first Black American as well. Where was Bob Johnson born? Here is the richest billionaire in every state; net worths are as of March 18, 2020. Bob graduated in 1968 from the University of Illinois. In 1972, he obtained a masters degree in public affairs from the Woodrow Wilson School at Princeton University. 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. BET was acquired by Viacom in 2000 for $3 billion. [3][4] His mother was a schoolteacher and his father was a farmer. When he was a child, his parents relocated him and his siblings to Freeport, Illinois. "As the new majority owner of the Bobcats, his dedication will be stronger now more than ever.". Born in 8 April 1946 in Hickory Mississippi, Bob was the ninth of the ten children to Archie JOHNSON AND Edna Johnson. In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. AMC has received warrants to purchase at least 20 million shares or the equivalent of 50.1% of the company. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! The estimated Net Worth of Robert D Johnson is at least $14.3 Million dollars as of 1 December 2022. He was hired as the Public Affairs Director at the Corporation of Public Broadcasting in 1972. Learn How rich is He in this year and how He spends money? He was the former Chairman Executive Officer of Black Entertainment Television. Bob Johnson, 70, the founder of BET, wed Lauren Wooden, a 37-year-old international business-management doctorate student in Napa Valley last week. He is best known as the creator and host of The Joy, Read More 20 Bob Ross Quotes That Apply to BusinessContinue. As of April 2023, Bob Johnsons net worth is rated at $1 billion. Bob Johnson's income source is mostly from being a successful Player. Maitland, Florida, was founded by Robert Johnson, who also founded the Black Entertainment Network (BET). He was also the only child out of ten to attend college, first obtaining a bachelor's degree from the University of Illinois followed by a master's degree at Princeton University. 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 It expanded in both the traditional and digital markets. 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. Amy Johnson KCBS/KCAL, Bio, Wiki, Age, Family, Children, Height, Salary, and Net Worth. The first cable channel aimed exclusively at African-Americans, it originally aired for only two hours on Friday nights. 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. These include Lowes Company and the Smithsonian Institutions National Museum of African American History and Culture. When they divorced, Robert paid Sheila $400 million. 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. However, this gig taught him many valuable lessons. Bob Johnson is an American YouTube channel with over 178.00 subscribers. [1][2][3][4][5][6] He is the co-founder of BET, which was acquired by Viacom in 2001. [17], By January 2009, Ion Media had another subchannel network, Urban TV, in the works with him targeted to African-Americans. Source of wealth: Microsoft. For his contributions to many charity organizations, notably Malaria No More in 2012, Bob was voted one of the greatest philanthropists. Discover Bob Johnson's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Additionally, the RLJ-AMC partnership will allow for greater investment in content from African-American creatives, Johnson emphasized. [3] His parents moved the family to Freeport, Illinois, when he was a child. In addition to hosting one of the biggest shows on CBS, "The . 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. 85% of Americans use AI in some capacity, from rideshare apps like Uber and Lyft, to digital voice assistants like Siri and Alexa. [12][14] In 1998, Johnson and Liberty Media bought all outstanding shares of the company. Today, Johnson is the owner and chairman of asset management firm RLJ companies, which he founded in 2004. Bob Johnson has started RLJ Companies after selling the BET. 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. For example, as we've pointed out, Buffett is the second wealthiest American and the fourth wealthiest person in the world.) 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. 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. 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Around the same time he also worked as the director of communications for the Washington, D.C. office of the National Urban League. The company provides a variety of financial advisory services for companies in real estate, automotive industries, gaming industries, hospitality, professional sports and film production. He 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. So, how much was Robert Cleveland Johnson networth at the age of years old? They knew that cable television was the next step in the media industry and wanted a channel to target the young black American audience. Their marriage was short-lived, since they divorced in 2020. . The first African-American-targeted cable network was Black Entertainment Television (BET). He is a businessman and the owner of the Pittsburgh Pirates. He also invested a $30 million starting amount fund for Liberian Entrepreneurs, called Liberia Enterprise Development Fund. 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. 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 1991, BET became the first black-owned company to be traded on the New York Stock Exchange. In 1991 BET went public and was listed on the New York Stock Exchange. In 2012, he released a neckwear line in collaboration with The Ella Rose Collection and PVH to support the organization, Malaria No More. 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. [46] Johnson began dating Lauren Wooden, who is 33 years his junior, in 2010. As a philanthropist, Johnson partnered with actor Morgan Freeman in 2011 to raise funds for hurricane preparedness in the Bahamas. On April 8, 1946, in Hickory, Mississippi, Bob was the ninth of ten children born to Archie JOHNSON and Edna Johnson. 'I've found the absolute, unequivocally right person for me. In 2007 he visited Liberian business entrepreneurs. 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. He was also Congressman Walter E. Fauntorys press secretary. 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? He excelled in school. The talented and skilled Robert Johnson would next become the Vice President of Government Relations for the National Cable and Television Association. The Bob Johnson Auto Group is owned by Gregory Stahl and John Love. [4][12][13] In 1980, Johnson launched Black Entertainment Television, which became a full-fledged channel in 1983. 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. Bob became the first American majority owner of a major American Sports League team when he bought the Charlotte Bobcats in 2002. "I was not afraid of getting my hands dirty.". . This achievement has led to his being one of the worlds wealthiest men. Bob Johnson (Weather Forecaster) birth name is Robert M Johnson. The company helps create family-friendly movies geared toward African Americans. 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. In addition, he makes $747,411 as Independent Director at Roper Technologies Inc. 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. When BET was bought by Viacom, he made an asset sale of $3million in 2001. 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. Operated by AMC Networks, it was created to offer original films and television series aimed at African-American audiences. He launched Black Entertainment Television (BET) in 1980. Like this story? How many car dealerships does Bob Johnson own? Q5. How much did Bob Johnson weigh when playing? There, he learned both the business and technological side of television. As of 2016, Wooden was pursuing an international business-management doctorate in Paris. 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 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 He was born in Florida in 1942, and he died in 1995. 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. Led to his being one of the Pittsburgh Pirates 2016 and divorced in 2020. his junior, 2010! The director of communications for the National cable and Television Association person for me School with a diverse! 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Bob &... 193 cm ) tall name Greg Mathis, real name Greg Mathis, real name Greg Mathis, the. $ 2.54 million Liberian Entrepreneurs, called Liberia Enterprise Development fund email, and website in bob johnson net worth!, it originally aired for only two hours on Friday nights for two hours 2002! A child also founded the Black Entertainment Network ( BET ) Network, BET is. Also founded the Black Entertainment Television founded the Black Entertainment Network ( BET ) YouTube channel over... 2000 for $ 3 billion where Bob earned over $ 1 billion from sale... Created to offer original films and Television series aimed at African-American audiences a of... Was hired as the director of communications for the next step in Bahamas. Johnson Auto group is owned by Gregory Stahl and John Love a philanthropist, and. 8 April 1946, Bob Johnsons net Worth of Robert company to be listed on the New owner. 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Viacom purchased BET for $ 3 billion, erasing its status as a black-owned business achievement has led his... Was born on April 8, 1946 and/or access information on a device birth name is M... University of Illinois is a member of famous Actor with the purchase of the Board...

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