In addition, he makes $747,411 as Independent Director at Roper Technologies Inc. $1 Billion Robert L. Johnson is the founder of Black Entertainment Television. 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). It was the first African American owned business to do so in the United States of America. [3][9][12][14] He remained BET CEO until 2006. Bob has accomplished a great deal on his own. Save my name, email, and website in this browser for the next time I comment. Bob has been accorded on of the greatest philanthropist with his donations to various charity organizations including the Malaria No More in 2012. In 1991, it became the first black-owned firm to be listed on the New York Stock Exchange. 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. Robert Johnson would stay on as CEO of BET for the next three years. He is best known as the creator and host of The Joy, Read More 20 Bob Ross Quotes That Apply to BusinessContinue. The Clinton campaign denied this, submitting that the comments were referring to Obama's work as a community organizer. How old is Bob Johnson? Sheila Johnson cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert. So, how much was Robert Cleveland Johnson networth at the age of years old? ^ a b Bryant, Adam (November 12, 2011). In 2001, media conglomerate Viacom purchased BET for $3 billion, erasing its status as a black-owned business. Bob Johnson, an African-American who rose through the ranks, considers himself to be one of his generation's finest entrepreneurs. Robert Johnson met Sheila Crump while students at the University of Ilinois. Recently, Johnson has supported President Donald Trump because he believes President Trumps administration has decreased unemployment of black Americans. Bob Johnson has started RLJ Companies after selling the BET. Also learn how He earned most of Bob Johnson networth? Bob Johnson was born on August 19, 1946. In 1969, Johnson wed his wife Sheila Johnson, with whom he co-founded BET. Discover Bob Johnson's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. We and our partners use cookies to Store and/or access information on a device. Like many legends, Jimmie Johnson, as he ages, can't leave racing behind, preferring to take on new challenges, like partnering in a Nascar team (Legacy Motor Club) and racing at Le Mans. The Forbes 400 net worth cut off this year was a record-high $2 billion. Just a few examples are Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. When BET was bought by Viacom, he made an asset sale of $3million in 2001. [4] He received a master's degree in public affairs from the Woodrow Wilson School at Princeton University in 1972. Since then, sagging Viacom and CBS stock, plus investments in real estate, hotels and banks . He was the first black person to be included in the Forbes Worlds Rich List. Inspired by their drive, he helped create the Liberian Enterprise Development Fund. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. These are the 25 richest golfers in the world: 25. [4][12][13] In 1980, Johnson launched Black Entertainment Television, which became a full-fledged channel in 1983. They married in 1969 and have two children. Bachelor of Arts/Science, University of Illinois, Urbana-Champaign. As the Executive Chairman of the RLJ Board of Trustees, he receives $2.54 million. Robert Johnson was born on April 8, 1946. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Bob and Lauren married in May 2016 at Auberge Du Soleil in Napa Valley region of California where Greg Mathis officiated. RLJ Companies Following the sale of BET, Robert and Sheila divorced. He and his company, RLJ Companies LLC, has worked with several professional sports teams. For the first few years of Johnson's life, his father chopped and sold timber while his mother taught school in Mississippi. Bob Johnson Net Worth. But soon enough, it started growing. 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:. The couple were married in May 2016 at Auberge du Soleil in the Napa Valley region of California. 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. [11] Johnson worked as a press secretary for Congressman Walter E. As a philanthropist, Johnson partnered with actor Morgan Freeman in 2011 to raise funds for hurricane preparedness in the Bahamas. A year later Johnson hit the Forbes 400 "Richest Americans" list with a net worth of $1.3 billion. [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. TV's Judge Mathis, real name Greg Mathis, officiated the ceremony. Through the experience, Bob was able to learn the power of untapped potential of television. Among his many other business ventures, Johnson founded Axiom Bank in Maitland, Florida. Bob Johnson Net Worth. His father worked as a farmer, and his mother taught. ARIZONA | ARTURO MORENO CITY: PHOENIX NET WORTH: $3.3 BILLION OVERALL RANK: NO. How much did Bob Johnson weigh when playing? [47] They married in May 2016; Greg Mathis officiated,[48] and divorced in 2020. '"[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]. He is the chief executive officer of a company called GOAT Group. Bob Johnson net worth 2023, age, height, wife, girlfriend, kids, biography, wiki. He is also a majority owner of Charlotte Bobcats. While . Birth City: Hickory. 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. [12][14] When the network launched in 1980, it only aired for two hours on Friday night. In 2001 he became billionaire after selling the station to . 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. According to the agreement, AMC will use its programming and distribution clout to benefit Acorn and UMC. 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. He teamed with The Ella Rose Collection and PVH in 2012 to produce a neckwear line to promote Malaria No More. He sold stock worth over $8.1 million from RLJ. Bob Johnson Net Worth. In the same university, Bob was a member of the Kappa Alpha Psi fraternity. These include Lowes Company and the Smithsonian Institutions National Museum of African American History and Culture. He however remained CEO for BET until 2006. The Black Entertainment Television (BET) was a first of its kind cable aimed at African-Americans. His net worth has been growing significantly in 2020-2021. AMC has received warrants to purchase at least 20 million shares or the equivalent of 50.1% of the company. Name: Robert L. Johnson. Maitland, Florida, was founded by Robert Johnson, who also founded the Black Entertainment Network (BET). The company provides a variety of financial advisory services for companies in real estate, automotive industries, gaming industries, hospitality, professional sports and film production. In 1991 BET went public and was listed on the New York Stock Exchange. In 1969, Bob married Sheila Johnnson. For his contributions to many charity organizations, notably Malaria No More in 2012, Bob was voted one of the greatest philanthropists. He launched Black Entertainment Television in 1980 which late became a full-fledged channel in 1983. Will Johnson & Johnson Stock Rise Post Q1? This achievement, not only makes the show itself the longest-running daytime game show, but it makes Bob Barker one of the longest-running game show hosts!. Robert Louis Johnson (born April 8, 1946) is an American entrepreneur, media magnate, executive, philanthropist, and investor. He is from American. Bob Johnson is 79 years old. Viacom bought it for $3 billion in 2001. Johnson is notable for being the first African-American billionaire, a status he achieved in 2001 upon the sale of BET to Viacom. Following his graduation from Princeton, Johnson entered the television industry as the public affairs director for the Corporation for Public Broadcasting. Currently, he is running Lenskart, which is an Indian retail chain that sells prescription eyewear. Bill Gates. 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 has served on the board of directors at various organizations and firms. In 2002, Bob purchased Charlotte Bobcats becoming the first American majority club owner of a major American Sports League team. Notably, hip hop artist Nelly became a co-owner. TikTokers create water cocktails using syrups and powdered flavorings to create drinks like unicorn water, wedding cake water and pia colada water. 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. Johnson went on to become a press secretary to Congressman Walter E. Fauntroy. Meanwhile, back in the television world, Johnson founded his own video-on-demand streaming service in 2014 called Urban Movie Channel. [46] Johnson began dating Lauren Wooden, who is 33 years his junior, in 2010. We welcome all corrections and feedback using the button below. Johnson's other philanthropic endeavors include the Liberia Enterprise Development Fund, which he founded to support entrepreneurs in Liberia. Arpad Busson Net Worth. 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? We expect J&J to report revenues and earnings slightly above the consensus estimate, and JNJ stock appears to have more room for growth. Later in 2001, Viacom acquired BET for $3 billion where Bob earned over $1 billion from the sale. The company helps create family-friendly movies geared toward African Americans. In 2002 he purchased the NBA's Charlotte Bobcats, becoming the first African-American majority owner of a major American sports team. A Los Angeles based movie company called Our Stories Films has been founded by Johnson in the year 2006. As of April 2023, Bob Johnsons net worth is rated at $1 billion. Bob and Liberty Media bought all outstanding shares of the company in 1998, a purchase that earned him 42% of the company. He also owns over 13,755 units of RLJ Lodging Trust Stock. Gender: Male. The estimated Net Worth of Robert D Johnson is at least $14.3 Million dollars as of 1 December 2022. 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. However, from the sale, Johnson became the first African-American billionaire in history. He was hired as the Public Affairs Director at the Corporation of Public Broadcasting in 1972. 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. 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. 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.' [1][2][3][4][5][6] He is the co-founder of BET, which was acquired by Viacom in 2001. On April 8, 1946, in Hickory, Mississippi, Bob was the ninth of ten children born to Archie JOHNSON and Edna Johnson. Robert L. Johnson is the founder of Black Entertainment Television. He is currently single. He started dating Lauren Wooden, who was 33 years his junior, in 2010. Butt Florence Butt founded H-E-B grocery store in Texas in 1905, which her son Howard expanded throughout the state when he took. [3][7] Johnson is the former majority owner of the Charlotte Bobcats. Discover today's celebrity birthdays and explore famous people who share your birthday. As of 2022, Bob Johnsons net worth is expected to be $1 billion. The first African-American-targeted cable network was Black Entertainment Television (BET). His parents eventually moved to Illinois in search of a better life and soon found factory jobs in a working-class town. [17], By January 2009, Ion Media had another subchannel network, Urban TV, in the works with him targeted to African-Americans. His net worth has been growing significantly in 2021-2022. [3][4], After graduating from Princeton, Johnson found a job in Washington, D.C., which introduced him to the television industry. After earning his Masters Degree at Princeton, Robert Johnson headed to Washington DC where he was introduced to the television industry. He went on to Princeton University where he received his Masters Degree in International Affairs in 1972. He was born on 8th April 1946 in Hickory, Mississippi, US. In my zeal to support Senator Clinton, I made some very inappropriate remarks for which I am truly sorry. He also put $30 million into the Liberia Enterprise Development Fund, a seed fund for Liberians. The Bob Johnson Auto Group is owned by Gregory Stahl and John Love. Robert Johnson was the first black American to become a billionaire in the United States of America. Bio. In the spring of 1980, Johnson took out a $15,000 loan and set out to launch his own business. [4][12] BET first turned a profit in 1985 and it became the first black-controlled company listed on the New York Stock Exchange in 1991. The couple has one daughter named Paige Johnson and a son named Brett Johnson. We are no longer accepting comments on this article. RLC Companies is a Holding Company and Asset Management Firm. Following the sale of BET, Robert and Sheila divorced. When BET went public in 1991, it became the first black-controlled company to be listed on the New York Stock Exchange. 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. They knew that cable television was the next step in the media industry and wanted a channel to target the young black American audience. Bob Johnson was born in in March 4, 1931. Eulogy. [3][4] His mother was a schoolteacher and his father was a farmer. He is a member of famous Actor with the age 73 years old group. 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. He sold his majority stake in 2010 to Michael Jordan. Robert Nutting - Pittsburgh Pirates- $1.1 Billion Robert Nutting was born in Wheeling, West Virginia, on March 29, 1962. Beyond its Bethesda headquarters, RLJ Companies has additional offices in Little Rock, Arkansas; Charlotte, North Carolina; Los Angeles, California; San Juan, Puerto Rico; and Monrovia, Liberia. Robert and Sheila founded the Black Entertainment Television network in the late 1970s with a $15,000 personal loan. "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! 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. Age, Family & Net Worth. What is Bob Johnson's net worth? Bob Johnson's income mostly comes from and basic source was being a successful American actor and voice actor (1920-1993). [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. [3][16] The RLJ Companies is headquartered in Bethesda, Maryland. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. In 2006 Johnsons RLC Companies partnered with Harvey Weinstein to create Our Story Films. Bob Johnson has a net worth of $1 Billion. Bob Johnson was born on April 8, 1946, and as of 2022, he is 76 years old. $1 million- $4 million USD: We know Bob Johnson is a Not Available Certified Public AccountantFormer Pulaski County Justice of the peace. At the time, BET reached 62.4 million. How old is Bob Johnson? Bob Johnson estimated Net Worth is $1 million- $4 million USD. 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. We don't have much information about He's past relationship and any previous engaged. How tall is Bob Johnson? Are you familiar with Kaan Smer, the CEO of German food delivery company Gorillas? The following year, he released a neckwear line to benefit the charity Malaria No More. 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. 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. Play it now! "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. All net worths are calculated using data drawn from public sources. Operated by AMC Networks, it was created to offer original films and television series aimed at African-American audiences. "I thought there would never be a better time to maximize our returns," said Johnson at the time. He got married to Sheila Johnson in 1969. 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. It was around the same time that he worked in the office of the National Urban League as the director of communications. He later returned to the television industry to become the vice president of government relations at the National Cable and Television Association. He has also made a private equity fund in Africa valued at $30million. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. "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. Where was Bob Johnson born? Bob Johnson (Robert Cleveland Johnson) was born on 4 May, 1920 in Portland, Oregon, USA, is an Actor. Jimmie Johnson returns to the drivers seat in the No. The successful businessman has become one of the greatest entrepreneurs and philanthropists in the world. Where was Bob Johnson born? Bob Johnson overall profits continue to grow daily, and he is gaining popularity on all sides. Robert Johnson has been involved in American politics through most of his career. 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. In 1998, Bob and Liberty Media bought all of the companys outstanding shares, giving him a 42 percent stake. BET would continue to grow over the next decade. He earned the money being a professional Hockey Coach. "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 is most known for his hosting CBS's "The Price Is Right" from 1972 all the way to 2007. Learn How rich is He in this year and how He spends money? He married Lauren Wooden, 33 years his junior. In 2012, he released a neckwear line in collaboration with The Ella Rose Collection and PVH to support the organization, Malaria No More. Peyush Bansal is an Indian entrepreneur. He also founded the asset management firm RLJ Companies, and was majority owner of the NBA's Charlotte Bobcats from 2002 to 2010. I'm writing to apologize to you and your family personally for the un-called-for comments I made at a recent Clinton event. He was the former Chairman Executive Officer of Black Entertainment Television. Robert Johnson came from humble beginnings. In 2016 Robert Johnson married again. "As the new majority owner of the Bobcats, his dedication will be stronger now more than ever.". his net worth has been growing significantly in 2021-2022. 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