bob johnson net worth

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. View popular celebrities life details, birth signs and real ages. Eventually, in 1983, BET became its own full-fledged independent channel. 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. [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. Robert L. Johnson is best known for co-founding the cable channel BET with his wife Sheila Johnson in 1980. 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'? Through the experience, Bob was able to learn the power of untapped potential of television. Jackson Lees outspoken progressive ideals have made the 14-term representative a politically polarizing figure, drawing attacks from the likes of Tucker Carlson. After her divorce in 2002, she sold off her. [14][15] Viacom acquired BET in 2001 for a reported $3 billion; Johnson earned over $1 billion from the sale, making him the first black American billionaire. At the time, BET reached 62.4 million. Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. Following his graduation from Princeton, Johnson entered the television industry as the public affairs director for the Corporation for Public Broadcasting. On April 8, 1946, in Hickory, Mississippi, Bob was the ninth of ten children born to Archie JOHNSON and Edna Johnson. 84 Chevrolet Camaro for this weekends NASCAR Cup Series race at Circuit of The Americas. He also founded the asset management firm RLJ Companies, and was majority owner of the NBA's Charlotte Bobcats from 2002 to 2010. Learn how your comment data is processed. After stepping down from the NCTA in 1979, Johnson launched the cable television channel BET in 1980. In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. He is from American. These are the 25 richest golfers in the world: 25. 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. 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. [3][4], After graduating from Princeton, Johnson found a job in Washington, D.C., which introduced him to the television industry. AMC has received warrants to purchase at least 20 million shares or the equivalent of 50.1% of the company. At the same university, Bob was a member of the Kappa Alpha Psi fraternity. Birth date: April 8, 1946. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. Peyush Bansal is an Indian entrepreneur. [8] He became the first African-American billionaire in 2001. Farm Heroes Saga, the #4 Game on iTunes. 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. Butt Florence Butt founded H-E-B grocery store in Texas in 1905, which her son Howard expanded throughout the state when he took. In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. Currently, there is a lot of positive discussion and criticism about him. Operated by AMC Networks, it was created to offer original films and television series aimed at African-American audiences. For example, as we've pointed out, Buffett is the second wealthiest American and the fourth wealthiest person in the world.) 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 is a principal owner of the Charlotte Bobcats. ^ a b Bryant, Adam (November 12, 2011). He eventually became the National Cable and Television Associations vice president of government relations (NCTA). It was around the same time that he worked in the office of the National Urban League as the director of communications. 2023 Celebrity Net Worth / All Rights Reserved. 1. 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). 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. The intimate ceremonys guest included actor Leon Robinson, music executive L.A. Reid, and Mack McLarty, Bill Clintons former Chief of Staff. He is the chief executive officer of a company called GOAT Group. Bob Johnson has started RLJ Companies after selling the BET. Bob has achieved much in his right. Good luck on the campaign trail. 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. Johnson is the only black woman to own stakes in three professional sports teams (WNBA Mystics, NBA Wizards and NHL Capitals). It was the first African American owned business to do so in the United States of America. 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. 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. According to her records, Lauren was pursuing a doctorate in international business management in Paris. Bachelor of Arts/Science, University of Illinois, Urbana-Champaign. Bob Johnson Net Worth. Sheila Johnson cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert. Save my name, email, and website in this browser for the next time I comment. In 1998, Bob and Liberty Media bought all of the companys outstanding shares, giving him a 42 percent stake. The Johnson family moved to Freeport, Illinois when Robert was young. $1 Billion Required fields are marked *. Johnson moved on from the company in 2006. Published: 10:08 EDT, 14 May 2016 | Updated: 00:10 EDT, 11 February 2018. 10. 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. At that time he was the part of Kappa Alpha Psi fraternity. "We were at $32 a share. Five years later she agreed. [36], In 2007, Johnson created the Liberia Enterprise Development Fund with a $30 million investment. What is Bob Johnson's net worth? As a result of his expertise, Bob was able to understand the strength of televisions unrealized potential. Source of wealth: Microsoft. A Los Angeles based movie company called Our Stories Films has been founded by Johnson in the year 2006. 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. Johnson grew up in Freeport, Illinois, the 9th of 10 children. We are no longer accepting comments on this article. Johnson will succeed Lori Lightfoot, who lost her fight for reelection and was Chicagos first Black female and out gay mayor. How tall is Bob Johnson? RLC Companies is a Holding Company and Asset Management Firm. Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. 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.' Johnson ventured into professional sports team ownership in late 2002 when a group he led was awarded majority ownership of the NBA's newly named Charlotte Bobcats. He is best known as the creator and host of The Joy, Read More 20 Bob Ross Quotes That Apply to BusinessContinue. 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. BET would continue to grow over the next decade. Your email address will not be published. But soon enough, it started growing. He served as the public affairs director for the Corporation for Public Broadcasting. Being born on 8 April 1946, Bob Johnson is 77 years old as of todays date 18th April 2023. 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. Currently, he is running Lenskart, which is an Indian retail chain that sells prescription eyewear. He also holds over 13,755 shares of RLJ Lodging Trust Stock. In early 2021, the channel was renamed Allblk. Best remembered by the public as the voice on the tape recorder giving Jim Phelps his mission on "Mission: Impossible" (1966) and "Mission: Impossible" (1988). Birth City: Hickory. Perhaps youve used the company before. 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. 5. 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 has also made a private equity fund in Africa valued at $30million. Robert Johnson has been involved in American politics through most of his career. He is a businessman and the owner of the Pittsburgh Pirates. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Shortly thereafter, Viacom reached out expressing interest in the company and they sold. Bob Johnson - Net Worth $600 M. Bob Johnson is the co-founder of recognized Black Cable Network, BET. In 2011, Johnson teamed up with actor and philanthropist Morgan Freeman to raise funds for hurricane preparedness in the Bahamas. According to the agreement, AMC will use its programming and distribution clout to benefit Acorn and UMC. The marriage lasted until 2001 having sired two children. "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. The channel expanded considerably over the subsequent years, launching digital cable networks and, in a joint venture with Starz, a multiplex service. . So, how much was Robert Cleveland Johnson networth at the age of years old? 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. Their marriage was short-lived, since they divorced in 2020. He later returned to the television industry to become the vice president of government relations at the National Cable and Television Association. He is a retired meteorologist and former regional television weather presenter on Tyne Tees news. his net worth has been growing significantly in 2021-2022. Bob Johnson (right), 70, the founder of BET, wed Lauren Wooden (left), a 37-year-old international business-management doctorate student last week, The couple wed atAuberge du Soleil in California's Napa Valley in front of a 100-person guest list of famous friends. 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. He began dating Lauren Wooden, a 33-year-old woman, in 2010. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. 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. 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 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. In January 1980, Black Entertainment Television started it broadcasting. I was not afraid of getting my hands dirty. At 73 years old, Bob Johnson height not available right now. In 2007 he visited Liberian business entrepreneurs. In 2010, Johnson began a relationship with student Lauren Wooden, who's 33 years his junior. The first African-American-targeted cable network was Black Entertainment Television (BET). Bob Johnson was born in Gary, IN. In 1991 BET went public and was listed on the New York Stock Exchange. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! Weather presenter on Tyne Tees news doctorate in international business management in Paris equivalent of 50.1 % of Joy! Which her son Howard expanded throughout the state when he took the equivalent of 50.1 % of the Bobcats! Public affairs director for the Corporation for public Broadcasting 650 million robert Johnson has started RLJ Companies after selling BET... Save my name, email, and website in this browser for the next.. 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