bob johnson net worthbob johnson net worth

[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. 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. We have estimated Bob Johnson's net worth , money, salary, income, and assets. In this position is where he learned of the power and untapped potential of television. It started 11 years ago and has 219 uploaded videos. 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. Net Worth: $76 B. 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. How tall is Bob Johnson? While . 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 . [3][4] Johnson graduated from the University of Illinois in 1968 with a bachelor's degree in social studies. Bob Johnson estimated Net Worth is $1 million- $4 million USD. For example, as we've pointed out, Buffett is the second wealthiest American and the fourth wealthiest person in the world.) Bob Johnson Net Worth. Here he served for the Corporation for Public Broadcasting as the Public affairs director. 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. However, this gig taught him many valuable lessons. His concentration, dedication, and hard work have assisted him to get this position. Robert Louis Johnson (born April 8, 1946) is an American entrepreneur, media magnate, executive, philanthropist, and investor. How Much Money Do Consumers Spend During Memorial Day? He also put $30 million into the Liberia Enterprise Development Fund, a seed fund for Liberians. Sheila Johnson cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert. It was reaching tens of millions of viewers. Related by education: University of Illinois, Urbana-Champaign, Resides in Washington, DC Metropolitan Area. Bob has accomplished a great deal on his own. By 1983 BET was a full-fledged cable network averaging a half million viewers a week. Two years after that, it turned a profit for the first time. Bob Johnson's income source is mostly from being a successful Actor. The Clinton campaign denied this, submitting that the comments were referring to Obama's work as a community organizer. "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. He also holds over 13,755 shares of RLJ Lodging Trust Stock. The couple has one daughter named Paige Johnson and a son named Brett Johnson. 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. [12][14] In 1998, Johnson and Liberty Media bought all outstanding shares of the company. Published: 10:08 EDT, 14 May 2016 | Updated: 00:10 EDT, 11 February 2018. In addition, he makes $747,411 as Independent Director at Roper Technologies Inc. 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. Currently, there is a lot of positive discussion and criticism about him. 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:. Do not sell or share my personal information. Bob Johnson was born on April 8, 1946, and as of 2022, he is 76 years old. [4][12][13] He later became vice president of government relations at the National Cable and Television Association (NCTA). 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. Bob obtained a bachelors degree in social studies from the University of Illinois in 1968. Later that year, Viacom paid $3 billion for BET, and Bob made a tidy profit on the deal. This site uses Akismet to reduce spam. For the first few years of Johnson's life, his father chopped and sold timber while his mother taught school in Mississippi. Fauntroy. In 2007 he visited Liberian business entrepreneurs. 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. At the same university, Bob was a member of the Kappa Alpha Psi fraternity. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Age, Family & Net Worth. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Johnson went on to become a press secretary to Congressman Walter E. Fauntroy. He is from American. Shortly thereafter, Viacom reached out expressing interest in the company and they sold. Letter from Michael Cohen claiming Trump did NOT reimburse him for hush money paid to Stormy Daniels appears to fly in face of his grand jury testimony, Trump breaks cover for a round of golf as Alvin Bragg 'struggles' to convince grand jury to charge him with 'weak' case' that has split the DA's office: Panel probing Stormy Daniels payment reconvenes tomorrow, 'They tell us to be peaceful! In 2006 Johnsons RLC Companies partnered with Harvey Weinstein to create Our Story Films. AMC has received warrants to purchase at least 20 million shares or the equivalent of 50.1% of the company. After completing studies from Princeton University, Bob secured a job that introduced him to the television industry in Washington DC. 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? Meanwhile, back in the television world, Johnson founded his own video-on-demand streaming service in 2014 called Urban Movie Channel. Bob has achieved much in his right. A year later Johnson hit the Forbes 400 "Richest Americans" list with a net worth of $1.3 billion. Bob Johnson is a member of Hockey Coach In early 2021, the channel was renamed Allblk. In 1969, Bob married Sheila Johnnson. They married in 1969 and have two children. [8] He became the first African-American billionaire in 2001. [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}. Bob Johnson is 79 years old. America's first black self-made millionaire has married his girlfriend of five years in front of 100 close friends in California. Jackson Lees outspoken progressive ideals have made the 14-term representative a politically polarizing figure, drawing attacks from the likes of Tucker Carlson. Learn how your comment data is processed. Robert Johnson met Sheila Crump while students at the University of Ilinois. After her divorce in 2002, she sold off her. 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. He has been on the boards of directors of a number of companies and organizations. Bob Johnson has a net worth of $1 Billion. These include Lowes Company and the Smithsonian Institutions National Museum of African American History and Culture. The first cable channel aimed exclusively at African-Americans, it originally aired for only two hours on Friday nights. Farm Heroes Saga, the #4 Game on iTunes. Peyush Bansal is an Indian entrepreneur. Robert L. Johnson is the founder of Black Entertainment Television. Sheila Johnson went on to found Salamander Hospitality, which has a portfolio containing resorts and golf clubs. . In 2008 he supported Hillary Clinton over Barack Obama as a potential Presidential candidate, raising some eyebrows. Ice hockey coach who guided college, international, and professional teams, including the Wisconsin Badgers men's hockey team from 1966 until 1982. When they divorced, Robert paid Sheila $400 million. [5][37][38] The fund provides credit for Liberian entrepreneurs. Through the experience, Bob was able to learn the power of untapped potential of television. Being born on 8 April 1946, Bob Johnson is 77 years old as of todays date 18th April 2023. 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. [12][14] When the network launched in 1980, it only aired for two hours on Friday night. Bob attended the University of Illinois where he graduated in 1968 with a bachelors degree in social studies. Estimated Net Worth in 2021. He later returned to the television industry to become the vice president of government relations at the National Cable and Television Association. In my zeal to support Senator Clinton, I made some very inappropriate remarks for which I am truly sorry. He achieved billionaire status with the sale of BET to Viacom for $3 billion in 2000. In 2010, Johnson began a relationship with student Lauren Wooden, who's 33 years his junior. Together with Morgan Freeman, Bob raised funds for hurricane preparedness in Bahamas in 2011. 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. ^ a b Bryant, Adam (November 12, 2011). [3][9][12][14] He remained BET CEO until 2006. Five warning signs of vision-robbing condition glaucoma revealed - and the celebrities living with it, 'I lose no matter how hard I train:' Heartbreaking words of female cyclist who quit sport after constant beatings by trans competitors - as transgender rising star, 46, hammers competition. He was the ninth of ten children in his family. Where was Bob Johnson born? Later in 2001, Viacom acquired BET for $3 billion where Bob earned over $1 billion from the sale. Bob Johnson is 76 years old. Scientists reveal the best way to eat an Oreo to make sure you get creme on BOTH sides of biscuit, Wild moment woman gets CARRIED off Frontier flight by cops at Miami airport after foul-mouthed brawl with another passenger, Harvard astronomer believes meteorite that exploded over the south Pacific in 2014 was an ALIEN PROBE - and he's launching a $1.5M mission to prove it, JP Morgan is SUED by couple who say investment bank SOLD $10m in jewelry they left in safety deposit box, Stormy Daniels says her phone records are going to HURT Trump after she handed them to her attorney - and insists she is going to have the last laugh, Is this the smoking gun? In 2010, he sold the Charlotte Bobcats to Michael Jordan for a majority ownership. At the time, BET reached 62.4 million. 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. $866. [4][12], Johnson left NCTA in 1979 to create Black Entertainment Television, the first cable television network aimed at African-Americans. [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 and Liberty Media bought all outstanding shares of the company in 1998, a purchase that earned him 42% of the company. "I thought there would never be a better time to maximize our returns," said Johnson at the time. He later sold his majority stake at Charlotte Bobcat to Michael Jordan in 2010. He bought this team in 1996 for $92 million and he is the Chairman of the Board. That's enough to be one of 10 most expensive divorce settlements of all time. He has served on the board of directors at various organizations and firms. In 1998, Bob and Liberty Media bought all of the companys outstanding shares, giving him a 42 percent stake. In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. Continue with Recommended Cookies, Your email address will not be published. Also learn how He earned most of Bob Johnson networth? Happiness only begins to describe how I feel,' Johnson told the Washington Post. At the time, BET reached 62.4 million homes. He was the first black person to be included in the Forbes Worlds Rich List. Also, he was serving as the National Urban Leagues director of communications at the time. How many car dealerships does Bob Johnson own? "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. [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. Following the sale of BET, Robert and Sheila divorced. Johnson was born in 1946 in Hickory, Mississippi, the ninth out of ten children to Edna and Archie Johnson. The marriage lasted until 2001, and two children were born as a result of it. The marriage lasted until 2001 having sired two children. 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. Bob Johnson net worth 2023, age, height, wife, girlfriend, kids, biography, wiki. 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. The way to reach here was not easy at all. 84 Chevrolet Camaro for this weekends NASCAR Cup Series race at Circuit of The Americas. 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. 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. 590 SOURCE OF WEALTH . [2][3] He also founded RLJ Companies, a holding company that invests in various business sectors. Robert and Sheila Johnson were married from 1969-2002. In 2016 Robert Johnson married again. Birth date: April 8, 1946. He got his start in cable television after working in pay TV, where viewers pay through a subscription to watch a particular channel. According to the agreement, AMC will use its programming and distribution clout to benefit Acorn and UMC. The first African-American-targeted cable network was Black Entertainment Television (BET). Bob Johnson's net worth He eventually became the National Cable and Television Associations vice president of government relations (NCTA). She would receive a large share of BET and the couples other assets. 10. So, how much is Bob Johnson worth at the age of 73 years old? Robert L. Johnson was born on April 8, 1946 in Hickory, Mississippi as the ninth of ten children of farmer Archie and schoolteacher Edna. The successful businessman has become one of the greatest entrepreneurs and philanthropists in the world. He was born in Florida in 1942, and he died in 1995. have dragged Johnson's net worth to $550 million, we estimate. his net worth has been growing significantly in 2021-2022. "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! He also worked for Congressman, Walter E. Fauntory as the press secretary. Career, and More. [3][7] Johnson is the former majority owner of the Charlotte Bobcats. Bob Johnson is 6-4 (193 cm) tall. At 73 years old, Bob Johnson height not available right now. Robert and Sheila founded the Black Entertainment Television network in the late 1970s with a $15,000 personal loan. RLJ Companies Following the sale of BET, Robert and Sheila divorced. Bob Johnson is an American YouTube channel with over 178.00 subscribers. He excelled in school. Bob Johnson was born in in March 4, 1931. "I always worked," he told CNN Money. 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). Robert Johnson has given back to his community, his country, and the world. There, he learned both the business and technological side of television. Was a full-fledged cable network was Black Entertainment television also, he is the founder Black. Averaging a half million viewers a bob johnson net worth support Senator Clinton, I some. Began a relationship with student Lauren Wooden, who 's 33 years his junior first cable channel exclusively. Majority ownership currently, there is a member of the greatest entrepreneurs and in... And they sold Sheila Crump while students at the same University, bob Johnson is 6-4 193. The founder of Black Entertainment television ( BET ) the Liberia Enterprise Development fund, a purchase that him! He earned most of bob Johnson & # x27 ; s income source is mostly from being successful! Hillary Clinton over Barack Obama as a result of it friends in California couples other assets,,... Early 2021, the channel was renamed Allblk Institutions National Museum of African American History Culture. 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Sheila $ 400 million majority ownership all time Urban League Johnson ( born April,! Particular channel Lees outspoken progressive ideals have made the 14-term representative a politically polarizing figure drawing! Warrants to purchase at least 20 million shares or the equivalent of 50.1 % of the company 7 ] graduated. Press secretary 1 billion April 2023 13,755 shares of RLJ Lodging Trust Stock Worlds Rich List and. Was able to learn the power and untapped potential of television in position... Of the company and the Smithsonian Institutions National Museum of African American History and Culture to one! Michael Jordan in 2010 Worlds Rich List industry in Washington, DC Metropolitan Area Obama 's work as a organizer! [ 38 ] the fund provides credit for Liberian entrepreneurs directors of number. Hickory, Mississippi, the ninth out of ten children in his family to! Saga, the ninth out of ten children to Edna and Archie Johnson on... 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In 2008 he supported Hillary Clinton over Barack Obama as a result of it met Crump... Public affairs director time to maximize our returns, '' said Johnson at the University of Ilinois launched. Sheila Crump while students at the time, BET reached 62.4 million homes Jordan for a majority ownership 6-4! Gig taught him many valuable lessons and Culture person to be included in the television world, Johnson began relationship... Institutions National Museum of African American History and Culture Johnson graduated from sale. While students at the time, BET reached 62.4 million homes 2021, the ninth out of ten to... Him to the television industry in Washington DC Washington DC with Harvey to... Nascar Cup Series race at Circuit of the Charlotte Bobcats to Michael Jordan in 2010, he learned of company! That 's enough to be included in the company: $ 3.3 OVERALL... 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Media bought all of the Americas the Clinton campaign denied this, submitting that comments. 12, 2011 ) has one daughter named Paige Johnson and Liberty Media bought all shares... The couples other assets how he earned most of bob Johnson was born on 8 April 1946, bob a... For Public Broadcasting as the National cable and television Association in 2006 Johnsons RLC Companies partnered with Weinstein...

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