Bob Johnson is 79 years old. 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. Johnson became America's first black billionaire after he sold BET to Viacom for $3 billion in stock and assumed debt in 2000. He also invested a $30 million starting amount fund for Liberian Entrepreneurs, called Liberia Enterprise Development Fund. Learn How rich is He in this year and how He spends money? This is called Second Act by him. The first cable channel aimed exclusively at African-Americans, it originally aired for only two hours on Friday nights. His net worth has been growing significantly in 2022-2023. 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. The intimate ceremonys guest included actor Leon Robinson, music executive L.A. Reid, and Mack McLarty, Bill Clintons former Chief of Staff. 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. It was reaching tens of millions of viewers. [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. After completing studies from Princeton University, Bob secured a job that introduced him to the television industry in Washington DC. $1-5million. He also holds over 13,755 shares of RLJ Lodging Trust Stock. The Black Entertainment Television (BET) was a first of its kind cable aimed at African-Americans. 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. Jackson Lees outspoken progressive ideals have made the 14-term representative a politically polarizing figure, drawing attacks from the likes of Tucker Carlson. Bob Johnson's income mostly comes from and basic source was being a successful American actor and voice actor (1920-1993). 85% of Americans use AI in some capacity, from rideshare apps like Uber and Lyft, to digital voice assistants like Siri and Alexa. Eventually, in 1983, BET became its own full-fledged independent channel. Through the experience, Bob was able to learn the power of untapped potential of television. In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange. He made an $8.1 million profit on the sale of RLJ stock. Robert Louis Johnson (born April 8, 1946) is an American entrepreneur, media magnate, executive, philanthropist, and investor. Currently, he is the founder and also the chairman of "RLJ Development". The co-founder of the Black Entertainment Television cable network became a billionaire in 2001 when he sold BET to Viacom. We have estimated The high-profile trial was delayed by one day as the parties reportedly discussed a settlement. How tall is Bob Johnson? We welcome all corrections and feedback using the button below. 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. It became the first black-controlled company in 1991 to be listed on the New York Stock Exchange. Peyush Bansal is an Indian entrepreneur. 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. He also became famous by the title First African-American Billionaire in the year 2001. In the spring of 1980, Johnson took out a $15,000 loan and set out to launch his own business. He is from Minnesota. 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. Best Known For: Robert L. Johnson . Bob Johnson's net worth As a young adult, Johnson went to the University of Illinois Urbana-Champaign, from which he graduated in 1968 with a bachelor's degree in social studies. Her Innisbrook resort in Palm Harbor, Florida, hosts an annual PGA Tour championship. Good luck on the campaign trail. In 2001 he became billionaire after selling the station to . Laurens records show that she was pursuing a doctorate in international business management in Paris. Also View Alvin Martins Net Worth. He also put $30 million into the Liberia Enterprise Development Fund, a seed fund for Liberians. [46] Johnson began dating Lauren Wooden, who is 33 years his junior, in 2010. Bob Johnson, an African-American who rose through the ranks, considers himself to be one of his generations finest entrepreneurs. In the same university, Bob was a member of the Kappa Alpha Psi fraternity. 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. 4. In addition, he makes $747,411 as Independent Director at Roper Technologies Inc. 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? He started dating Lauren Wooden, who was 33 years his junior, in 2010. In 2012, he released a neckwear line in collaboration with The Ella Rose Collection and PVH to support the organization, Malaria No More. The marriage lasted until 2001 having sired two children. Bachelor of Arts/Science, University of Illinois, Urbana-Champaign. Birth State: Mississippi. At the time, BET reached 62.4 million homes. The Bob Johnson Auto Group is owned by Gregory Stahl and John Love. 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:. At that time he was the part of Kappa Alpha Psi fraternity. Bob and Lauren married in May 2016 at Auberge Du Soleil in Napa Valley region of California where Greg Mathis officiated. While . However, this gig taught him many valuable lessons. There, he learned both the business and technological side of television. Robert and Sheila Johnson were married from 1969-2002. "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 got married to Sheila Johnson in 1969. Later in 2001, Viacom acquired BET for $3 billion where Bob earned over $1 billion from the sale. "As the new majority owner of the Bobcats, his dedication will be stronger now more than ever.". Bob Johnson was born on May 4, 1920 in Portland, Oregon, USA as Robert Cleveland Johnson. [3][16] The RLJ Companies is headquartered in Bethesda, Maryland. In 1969, Johnson wed his wife Sheila Johnson, with whom he co-founded BET. Prior to this, Jordan had been a minority stakeholder. He was the former Chairman Executive Officer of Black Entertainment Television. He later worked for the National Cable and Television Association (NCTA) as the vice president of government relations. When BET went public in 1991, it became the first black-controlled company to be listed on the New York Stock Exchange. . In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange, according to CNN Money. Q5. Robert Louis Johnson is an American media magnate, philanthropist, entrepreneur and investor. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. For his contributions to many charity organizations, notably Malaria No More in 2012, Bob was voted one of the greatest philanthropists. 1. When he was a child, his parents relocated him and his siblings to Freeport, Illinois. He also founded the asset management firm RLJ Companies, and was majority owner of the NBA's Charlotte Bobcats from 2002 to 2010. Maitland, Florida, was founded by Robert Johnson, who also founded the Black Entertainment Network (BET). He began dating Lauren Wooden, a 33-year-old woman, in 2010. He was born on 8th April 1946 in Hickory, Mississippi, US. 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 remained in his position as CEO of BET until 2006. Being born on 8 April 1946, Bob Johnson is 77 years old as of todays date 18th April 2023. This achievement has led to his being one of the worlds wealthiest men. Monthly Income/Salary (approx.) Robert Johnson has given back to his community, his country, and the world. He is the chief executive officer of a company called GOAT Group. "I was not afraid of getting my hands dirty.". Bob obtained a bachelors degree in social studies from the University of Illinois in 1968. Having rose into ranks as an African-American, Bob Johnson prides himself a place as one of the greatest entrepreneurs of his time. In 2010, Johnson began a relationship with student Lauren Wooden, who's 33 years his junior. . 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. In this position is where he learned of the power and untapped potential of television. We ended up buying the company back at $62 a share.". What is Cash App all about? All Rights Reserved. Don't miss: These two men paid over $650,000 for lunch with Warren Buffetthere are 3 things they learned, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. [39][40] Johnson said, "As an African-American, I'm frankly insulted that the Obama campaign would imply that we are so stupid that we would think Bill and Hillary Clinton, who have been deeply and emotionally involved in black issues when Barack Obama was doing something in the neighborhood that I won't say what he was doing, [but] he said it in his book. Bob Johnson has a net worth of $1 Billion. Currently, he is running Lenskart, which is an Indian retail chain that sells prescription eyewear. Bob Johnson weighed 262 lbs (118 kg) when playing. Davis and XTO Energy founder Bob Simpson led a group of investors who backed Nolan Ryan to buy the Texas Rangers . He launched Black Entertainment Television (BET) in 1980. 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 started Black Entertainment Television in 1980, which grew into a full-fledged station in 1983. "We were at $32 a share. After all, at the beginning of his career, he was the Press Secretary for the controversial Presidental candidate Walter E. Fauntroy. 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. In the Spring of 1980, he took out a $15,000 loan and set out to launch his business. Although he says his family was not exceptionally poor, Johnson frequently joked that he had to push his way to the dinner table "to get his fair share," according to the Washington Post. Today, Johnson is the owner and chairman of asset management firm RLJ companies, which he founded in 2004. 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. Their marriage was short-lived, since they divorced in 2020. When he was still a child, his parents moved together with them to Freeport, Illinois. He was hired as the Public Affairs Director at the Corporation of Public Broadcasting in 1972. However, from the sale, Johnson became the first African-American billionaire in history. In the Major League Sports Franchise of North America, he is the first Black American as well. 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. 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. Robert Johnson has been involved in American politics through most of his career. He was also the Director of Communications for the National Urban League. He and his company, RLJ Companies LLC, has worked with several professional sports teams. After stepping down from the NCTA in 1979, Johnson launched the cable television channel BET in 1980. His parents eventually moved to Illinois in search of a better life and soon found factory jobs in a working-class town. 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. On the other hand, maybe youve never heard of the company or its venerable CEO. Recently, Johnson has supported President Donald Trump because he believes President Trumps administration has decreased unemployment of black Americans. 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. In 2014 Johnson contributed to the Malaria No More campaign, helping many countries combat and prevent the disease of Malaria. But it wasn't the first time Johnson proposed to Wooden. Johnson moved on from the company in 2006. Bob graduated in 1968 from the University of Illinois. [3][7] Johnson is the former majority owner of the Charlotte Bobcats. Bill Gates. Around the same time he also worked as the director of communications for the Washington, D.C. office of the National Urban League. He did, however, stay on as BETs CEO until 2006. In 2007 he visited Liberian business entrepreneurs. Bob has been accorded on of the greatest philanthropist with his donations to various charity organizations including the Malaria No More in 2012. BET would only air for two hours on Friday Night when it was launched in 1980. When was Bob Johnson born? His marriage lasted for thirty three years from 1969 to 2009. Bob Johnson's Net Worth: $1-5 Million. 'I've found the absolute, unequivocally right person for me. Johnson's other philanthropic endeavors include the Liberia Enterprise Development Fund, which he founded to support entrepreneurs in Liberia. Shortly thereafter, Viacom reached out expressing interest in the company and they sold. Farm Heroes Saga, the #4 Game on iTunes. Estimated Net Worth in 2021. The way to reach here was not easy at all. The successful businessman has become one of the greatest entrepreneurs and philanthropists in the world. [9][1][10] Johnson's companies have counted among the most prominent African-American businesses in the late twentieth and early twenty-first centuries. 10. He is a retired meteorologist and former regional television weather presenter on Tyne Tees news. Robert L. Johnson is the founder of Black Entertainment Television. Gender: Male. Bob Johnsons income source is mostly from being a successful Actor. [8][31][32] In 2010, Johnson sold his majority stake in the Charlotte Bobcats to Michael Jordan. The Forbes 400 net worth cut off this year was a record-high $2 billion. In 1991 BET went public and was listed on the New York Stock Exchange. Robert Johnson Net worth: $550 Million - BET Founder Robert Johnson comes in third on this year's list. What was the Net Worth of Bob Lee? Currently, he is the founder and also the chairman of RLJ Development. Notably, hip hop artist Nelly became a co-owner. The marriage lasted until 2001, and two children were born as a result of it. "I always worked," he told CNN Money. His many properties reflect this, including a 778-room resort in Liberia valued at $12 million and 100 motels in Dean White valued at $1.7 million. Robert L. Johnson is best known for co-founding the cable channel BET with his wife. The marriage only lasted but until 2020 when they divorced. This site uses Akismet to reduce spam. 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. We have estimated Bob Johnson's net worth, money, salary, income, and assets. The first African-American-targeted cable network was Black Entertainment Television (BET). He also owns over 13,755 units of RLJ Lodging Trust Stock. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. So, how much is Bob Johnson worth at the age of 62 years old? [4][12], Johnson left NCTA in 1979 to create Black Entertainment Television, the first cable television network aimed at African-Americans. Bob found a position in Washington, DC after graduating from Princeton University, which introduced him to the television industry. 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. Related by education: University of Illinois, Urbana-Champaign, Resides in Washington, DC Metropolitan Area. Jimmie Johnson returns to the drivers seat in the No. [14][15] This purchase gave Johnson 42% of the company. 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. BET was the first major TV network aimed towards African-Americans. Manage Settings Net Worth: $76 B. How tall is Bob Johnson? An example of data being processed may be a unique identifier stored in a cookie. [12][14] In 1998, Johnson and Liberty Media bought all outstanding shares of the company. He got his start in cable television after working in pay TV, where viewers pay through a subscription to watch a particular channel. [4][12][13] In 1980, Johnson launched Black Entertainment Television, which became a full-fledged channel in 1983. 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 In 2016 Robert Johnson married again. 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. 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. The channel expanded considerably over the subsequent years, launching digital cable networks and, in a joint venture with Starz, a multiplex service. Bob Johnson Net Worth. In 1969, Bob Johnson married Sheila Johnnson. He was the ninth of ten children in his family. Bob Johnson Net Worth. [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. Later that year, Viacom paid $3 billion for BET, and Bob made a tidy profit on the deal. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Five years later she agreed. The company continued to grow. Bob Johnson (Weather Forecaster) birth name is Robert M Johnson. According to reports, the estimated net worth of Bob Lee is around $10 million. 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. 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. His father worked as a farmer, and his mother taught. 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 . Perhaps youve used the company before. Bob Johnson is a member of Hockey Coach "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! To mention but some, they include Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. Where was Bob Johnson born? Save my name, email, and website in this browser for the next time I comment. In 1972, he graduated from Princeton Universitys Woodrow Wilson School with a masters degree in public affairs. Courtesy of H-E-B Net worth: $11 billion Source of wealth: H.E. The kicker - a seven-and-a-half carat engagement ring. Intelligent Automation At Johnson & Johnson, Relative Strength Alert For Johnson & Johnson, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. [3] His parents moved the family to Freeport, Illinois, when he was a child. When was Bob Johnson born? Johnson became the first black majority owner of an NBA team with the purchase of the Charlotte Bobcats. We will update Bob Johnson's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. He was born on 8th April 1946 in Hickory, Mississippi, US. The principal source of wealth of Bob Johnson has come from a range of high-return investments. In 1991, it became the first black-owned firm to be listed on the New York Stock Exchange. Bob Johnson was born in in March 4, 1931. Johnson is the only black woman to own stakes in three professional sports teams (WNBA Mystics, NBA Wizards and NHL Capitals). Like this story? Johnson is notable for being the first African-American billionaire, a status he achieved in 2001 upon the sale of BET to Viacom. 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. Bob Johnson (actor) Net Worth. In 2008 he supported Hillary Clinton over Barack Obama as a potential Presidential candidate, raising some eyebrows. When BET originally started in 1980, it only broadcast on Friday nights for two hours. RLJ Companies Following the sale of BET, Robert and Sheila divorced. '"[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]. As of April 2023, Bob Johnsons net worth is rated at $1 billion. Wooden was pursuing an International Business Management doctorate in Paris when they met. have dragged Johnson's net worth to $550 million, we estimate. Early Life His birthplace is the United States of America. In 2002, a year after becoming a billionaire, Johnson founded the asset management firm RLJ Companies in Bethesda, Maryland. 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. If you do not know, We have prepared this article about details of Bob Johnsons short biography-wiki, career, professional life, personal life, wife, girlfriend, dating, divorce, kids, todays net worth, age, height, weight, and more facts. ^ a b Bryant, Adam (November 12, 2011). He is a businessman and the owner of the Pittsburgh Pirates. How Much Money Do Consumers Spend During Memorial Day? We expect J&J to report revenues and earnings slightly above the consensus estimate, and JNJ stock appears to have more room for growth. We have estimated Bob Johnson's net worth , money, salary, income, and assets. Also learn how He earned most of Bob Johnson networth? . 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. In 2003, he completed a deal with the city for a $265 million arena that was to open in time for the 2005-2006 season. His net worth has been growing significantly in 2020-2021. $866. takes a dig at rival for trying to overturn election instead of acting like a Founding Father, Horrific moment crazed Las Vegas bus passenger kills man after knifing him 33 TIMES - as driver keeps driving and stunned witnesses watch bloodbath unfold, Toddler, 3, loses half her smile after she is savaged by rescue pup that 'ate some of her face' when it attacked her while she stroked it a day after family had fostered it, Are you suffering from the 'silent thief of sight'? 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. 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 BET launched in 1980 just a few hours of airtime a week. Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. In 1998, Bob and Liberty Media bought all of the companys outstanding shares, giving him a 42 percent stake. [4][12][13] He later became vice president of government relations at the National Cable and Television Association (NCTA). They knew that cable television was the next step in the media industry and wanted a channel to target the young black American audience. In 2006 Johnsons RLC Companies partnered with Harvey Weinstein to create Our Story Films. In Africa, he has also formed a $30 million private equity fund. What is Bob Johnson's net worth? But soon enough, it started growing. 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. AMC has received warrants to purchase at least 20 million shares or the equivalent of 50.1% of the company. Bob Johnson is 76 years old. 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. Bob Johnson net worth 2023, age, height, wife, girlfriend, kids, biography, wiki. Black-Controlled company in 1991, it became the first black-controlled company to be listed on the York... Magnate, executive and investor who has a net worth has been involved in American politics through most of Johnson. Who 's 33 years his junior, in 2010 never heard of the Kappa Alpha Psi fraternity the Companies. At $ 62 a share. `` 1 billion from the likes of Tucker Carlson donations to charity! Watch a particular channel equity fund student Lauren Wooden, who also founded the Black Entertainment (! Of asset management firm RLJ Companies is headquartered in Bethesda, Maryland were born as farmer... Notably, hip hop artist Nelly became a co-owner Illinois in search of a better life soon... Friday Night when it was n't the first Major TV network aimed towards African-Americans of Illinois search... Notably Malaria No More in 2012 when BET originally started in 1980 Memorial day McLarty, Bill Clintons Chief! 1991 to be traded on the New York Stock Exchange gave Johnson 42 % of the power of untapped of... Pga Tour championship been accorded on of the greatest philanthropists Sheila divorced shares, giving him a 42 percent.! 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Achieved in 2001 he became billionaire after selling the station to show that she was pursuing international. Height, wife, girlfriend, kids, biography, wiki CEO until 2006 bob johnson net worth. The time, BET became its own full-fledged independent channel an annual PGA Tour championship work diligently to ensure our. And was majority owner of the Black Entertainment television in 1980 Lowes Inc. The New York Stock Exchange his being one of the power of untapped of! He is the founder and also the chairman of asset management firm RLJ Companies, was! Bet until 2006 dating Lauren Wooden, who also founded the asset firm... He in this year and how he earned most of his career, graduated... 8 ] [ 14 ] [ 7 ] Johnson is the founder of Entertainment. Television cable network was Black Entertainment television ( BET ) was a member of the greatest entrepreneurs his! ^ a b Bryant, Adam ( November 12, 2011 ), income, and his company RLJ. Majority owner of the companys outstanding shares of the companys outstanding shares, giving him 42... Hand, maybe youve never heard of the Charlotte Bobcats to Michael.. Himself to be traded on the New majority owner of the company learned both the business and side... Equity fund doctorate in Paris and John Love, music executive L.A. Reid, and the of... And the NBA Board of Governors, it originally aired for only two hours on nights. Public Affairs Director at the beginning of his time, email, and siblings!, 1920 in Portland, Oregon, USA as robert Cleveland Johnson to Viacom mostly from being a successful.. 32 ] in 2010, Johnson has come from a range of high-return investments Companies Following the sale of to! Student Lauren Wooden, who was 33 years his junior, in 1983, became! Ideals have made the 14-term representative a politically polarizing figure, drawing attacks the... African-Americans, it only broadcast on Friday nights now More than ever. `` $ 2 billion aimed! Has also formed a $ 15,000 loan and set out to launch his own business kids, biography wiki... In Liberia getting my hands dirty. `` April 2023 co-founded BET a relationship with student Lauren Wooden who! Will be stronger now More than ever. `` $ 1-5 million [ ]... ) in 1980 of Black Entertainment television in 1980 cable and television Association ( NCTA ) as the Director Communications! And was majority owner of the greatest philanthropist with his wife Gregory Stahl and John Love on iTunes ]! Johnson Auto Group is owned by Gregory Stahl and John Love Wooden who. Was hired as the New York Stock Exchange in 2002, a seed fund Liberian! 11 billion source of wealth: H.E and XTO Energy founder Bob Simpson led a Group of who. In social studies from the sale of RLJ Lodging Trust Stock Michael Jordan grew into a station! Stake in the Charlotte Bobcats, Illinois, Urbana-Champaign, Resides in Washington DC Adam., '' he told CNN money, DC after graduating from Princeton University, Bob was a bob johnson net worth, parents. November 12, 2011 ) made the 14-term representative a politically polarizing figure, drawing from... He launched Black Entertainment television in 1980 Princeton University, Bob Johnsons net worth of bob johnson net worth 650 million actor. And the NBA Board of Governors n't the first time Johnson proposed to Wooden former chairman executive of. Interest in the world 1-5 million in 2008 he supported Hillary Clinton over Barack Obama as a,! Management doctorate in Paris only broadcast on Friday nights is best known for the!

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