As a result of his expertise, Bob was able to understand the strength of televisions unrealized potential. The following year, he released a neckwear line to benefit the charity Malaria No More. Learn How rich is He in this year and how He spends money? He achieved billionaire status with the sale of BET to Viacom for $3 billion in 2000. Here he served for the Corporation for Public Broadcasting as the Public affairs director. Bob graduated in 1968 from the University of Illinois. He has also made a private equity fund in Africa valued at $30million. He is from Minnesota. Later that year, Viacom paid $3 billion for BET, and Bob made a tidy profit on the deal. . Robert L. Johnson is best known for co-founding the cable channel BET with his wife. 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. 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 Net worth: $550 Million - BET Founder Robert Johnson comes in third on this year's list. The business is a marketplace for apparel, sneakers, and accessories that are all certified authentic. 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. What is Cash App all about? He is also the first African American principal owner of a major North American sports franchise. He is currently single. Bob Johnson was born on August 19, 1946. Her first film, Kicking It premiered at the Sundance Film Festival in 2008. The co-founder of the Black Entertainment Television cable network became a billionaire in 2001 when he sold BET to Viacom. 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. Bob obtained a bachelors degree in social studies from the University of Illinois in 1968. It was only for two hours a week initially. Robert Johnson, founder of Black Entertainment Television (BET). A Los Angeles based movie company called Our Stories Films has been founded by Johnson in the year 2006. 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. When was Bob Johnson born? The company provides a variety of financial advisory services for companies in real estate, automotive industries, gaming industries, hospitality, professional sports and film production. [3][9][12][14] He remained BET CEO until 2006. Later in 2001, Viacom acquired BET for $3 billion where Bob earned over $1 billion from the sale. He also served as the director of communications for the Washington, DC office of the civil rights organization National Urban League. Johnson moved on from the company in 2006. 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. Johnson was born in 1946 in Hickory, Mississippi, the ninth out of ten children to Edna and Archie Johnson. 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. Johnson has helped many businesses throughout the world launch, has helped and donated to many philanthropic causes throughout the world and even owns a professional sports team. Perhaps youve used the company before. In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange, according to 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). According to a recent investigation by Forbes and Business Insider, Bob Johnson estimated net worth is more than a couple of million USD, according to the publication. In 2016 Robert Johnson married again. However, this gig taught him many valuable lessons. He launched Black Entertainment Television (BET) in 1980. She is CEO of Salamander Hotels and Resorts and owner of Salamander Innisbrook Resort and Golf Club in Palm Harbor. The principal source of wealth of Bob Johnson has come from a range of high-return investments. In the process, he became the first majority African-American owner of any major professional sports team in the US since the Negro leagues. 84 Chevrolet Camaro for this weekends NASCAR Cup Series race at Circuit of The Americas. 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. We have estimated Bob Johnson's net worth, money, salary, income, and assets. As of 2022, Bob Johnson's net worth is expected to be $1 billion. "I was not afraid of getting my hands dirty.". For example, as we've pointed out, Buffett is the second wealthiest American and the fourth wealthiest person in the world.) In the same university, Bob was a member of the Kappa Alpha Psi fraternity. Together, they had two children, and divorced in 2002. In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. Videos on the channel are categorized into Sport, Association football. Bob Johnson was born on April 25, 1943. 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. Bob Johnson Chevrolet is part of the Automobile Dealers industry, and located in New York, United States. What is Bob Johnson's net worth? 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. However, from the sale, Johnson became the first African-American billionaire in history. Robert Louis Johnson is an American media magnate, philanthropist, entrepreneur and investor. . Bob has been accorded on of the greatest philanthropist with his donations to various charity organizations including the Malaria No More in 2012. The marriage only lasted but until 2020 when they divorced. When BET originally started in 1980, it only broadcast on Friday nights for two hours. He is most known for his hosting CBS's "The Price Is Right" from 1972 all the way to 2007. Age, Family & Net Worth. According to our Database, He has no children. Robert Louis Johnson (born April 8, 1946) is an American entrepreneur, media magnate, executive, philanthropist, and investor. Here we are updating just estimated networth of Robert . He however remained CEO for BET until 2006. ARIZONA | ARTURO MORENO CITY: PHOENIX NET WORTH: $3.3 BILLION OVERALL RANK: NO. Bob Johnsons income source is mostly from being a successful Actor. Peyush Bansal is an Indian entrepreneur. Farm Heroes Saga, the #4 Game on iTunes. 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? 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. Warren . America's first black self-made millionaire has married his girlfriend of five years in front of 100 close friends in California. Should You Buy The Botox Maker Over Johnson & Johnson Stock? 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. Continue with Recommended Cookies, Your email address will not be published. In January 1980, Black Entertainment Television started it broadcasting. Birth date: April 8, 1946. According to her records, Lauren was pursuing a doctorate in international business management in Paris. In 2006 Johnsons RLC Companies partnered with Harvey Weinstein to create Our Story Films. In 2007 he visited Liberian business entrepreneurs. Arpad Busson Net Worth. Bob Johnson's Net Worth: $1-5 Million. Bob Johnson, 70, the founder of BET, has married his 37-year-old girlfriend; . Jackson Lees outspoken progressive ideals have made the 14-term representative a politically polarizing figure, drawing attacks from the likes of Tucker Carlson. He is a member of famous Actor with the age 73 years old group. The couple were married in May 2016 at Auberge du Soleil in the Napa Valley region of California. [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. He later sold his majority stake at Charlotte Bobcat to Michael Jordan in 2010. Among his many other business ventures, Johnson founded Axiom Bank in Maitland, Florida. This achievement has led to his being one of the worlds wealthiest men. Since Bansal is an entrepreneur, it should come as no surprise to learn that, Read More 10 Things You Didnt Peyush BansalContinue. "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. Bob Johnson, an African-American who rose through the ranks, considers himself to be one of his generations finest entrepreneurs. Where was Bob Johnson born? Johnson created a line of neckties which proceeds would be donated for the cause. We are no longer accepting comments on this article. After earning his Masters Degree at Princeton, Robert Johnson headed to Washington DC where he was introduced to the television industry. 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 held onto the role of president and CEO until 2005 when Debra L. Lee took over as chief executive. So, how much is Bob Johnson worth at the age of 73 years old? Davis and XTO Energy founder Bob Simpson led a group of investors who backed Nolan Ryan to buy the Texas Rangers . In 2001 he became billionaire after selling the station to . Bob Johnson's net worth The Clinton campaign denied this, submitting that the comments were referring to Obama's work as a community organizer. Are you familiar with Kaan Smer, the CEO of German food delivery company Gorillas? 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. Q5. Having rose into ranks as an African-American, Bob Johnson prides himself a place as one of the greatest entrepreneurs of his time. Bob Johnson (actor) Net Worth. He was the first black person to be included in the Forbes Worlds Rich List. 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. 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 Bob Johnson - Net Worth $600 M. Bob Johnson is the co-founder of recognized Black Cable Network, BET. 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. Amy Johnson is an American journalist currently working as a News Anchor/Reporter for the . He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. 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[16][19][20][21][22][23][24][25] Johnson has also served as a member of the board of directors for several other companies and organizations, including US Airways, Hilton Hotels, General Mills, the United Negro College Fund, and Deutsche Bank's Americas Advisory Board. Following the sale of BET, Robert and Sheila divorced. Bob Johnson has a net worth of $1 Billion. Robert Johnson would stay on as CEO of BET for the next three years. Bob Johnson is 79 years old. The agreement called for AMC to provide RLJ with a $60 million loan on a seven-year term and $5 million on a one-year term. TV's Judge Mathis, real name Greg Mathis, officiated the ceremony. 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. 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). He got married to Sheila Johnson in 1969. [3][7] Johnson is the former majority owner of the Charlotte Bobcats. [3][4] Johnson graduated from the University of Illinois in 1968 with a bachelor's degree in social studies. Will Johnson & Johnson Stock Rise Post Q1? [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 Net Worth. At that time he was the part of Kappa Alpha Psi fraternity. In the spring of 1980, Johnson took out a $15,000 loan and set out to launch his own business. But soon enough, it started growing. Bob Johnson is 6-5 (196 cm) tall. The marriage lasted until 2001 having sired two children. Viacom bought it for $3 billion in 2001. BET would continue to grow over the next decade. The comments below have been moderated in advance. [5], In January 2008, Johnson became the target of criticism for remarks he made to supporters of presidential candidate Hillary Clinton about another candidate, Senator (and eventual party nominee and election winner) Barack Obama. RLJ Companies Following the sale of BET, Robert and Sheila divorced. In 2012, he released a neckwear line in collaboration with The Ella Rose Collection and PVH to support the organization, Malaria No More. He also worked for Congressman, Walter E. Fauntory as the press secretary. News on all your favorite celebs, reality TV, and movies. After all, at the beginning of his career, he was the Press Secretary for the controversial Presidental candidate Walter E. Fauntroy. [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. Bob and Lauren married in May 2016 at Auberge Du Soleil in Napa Valley, California, with Greg Mathis officiating. Published: 10:08 EDT, 14 May 2016 | Updated: 00:10 EDT, 11 February 2018. What was the Net Worth of Bob Lee? At the same university, Bob was a member of the Kappa Alpha Psi fraternity. He excelled in school. 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. 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. Your email address will not be published. Actor Leon Robinson, music entrepreneur L. A Reid, and Bill Clintons former Chief of Staff, Mack McLarty, were among the select attendees at the ceremony. 'I've found the absolute, unequivocally right person for me. At 73 years old, Bob Johnson height not available right now. He subsequently attended Princeton University as a graduate student, earning a master's degree in public affairs in 1972. Bob Johnson is 6-4 (193 cm) tall. On April 8, 1946, in Hickory, Mississippi, Bob was the ninth of ten children born to Archie JOHNSON and Edna Johnson. Johnson grew up in Freeport, Illinois, the 9th of 10 children. [3] They divorced in 2001 and have two children. Bob Johnson, 70, the founder of BET, wed Lauren Wooden, a 37-year-old international business-management doctorate student in Napa Valley last week. 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 pair got married in 2016 and divorced in 2020. [34], In 2011, Johnson worked with Morgan Freeman to raise funds for hurricane preparedness in the Bahamas. Gender: Male. Revolving Rose Net Worth, Bio, Early Life,, Ellora Patnaik Net Worth, Bio, Early Life,, Amanda Leah Brown Net Worth, Bio, Early. A year later Johnson hit the Forbes 400 "Richest Americans" list with a net worth of $1.3 billion. A fresh take on sports: the biggest news and most entertaining lists. 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. We have estimated Johnson's other philanthropic endeavors include the Liberia Enterprise Development Fund, which he founded to support entrepreneurs in Liberia. 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. Butt Florence Butt founded H-E-B grocery store in Texas in 1905, which her son Howard expanded throughout the state when he took. He earned the money being a professional Hockey Coach. Johnson became the first black majority owner of an NBA team with the purchase of the Charlotte Bobcats. A Division of NBC Universal. He did, however, stay on as BETs CEO until 2006. His marriage lasted for thirty three years from 1969 to 2009. When they divorced, Robert paid Sheila $400 million. 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 been on the boards of directors of a number of companies and organizations. The Forbes 400 net worth cut off this year was a record-high $2 billion. As of 2013, Johnson was a member of the board of directors for RLJ Lodging Trust, RLJ Entertainment, Inc., KB Home, Lowe's Companies, Inc., Strayer Education, Think Finance, Inc., NBA Board of Governors, The Business Council, and the Smithsonian Institution's National Museum of African American History and Culture. In 1991 BET went public and was listed on the New York Stock Exchange. 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The Charlotte Bobcats on sports: the biggest news and most entertaining lists on Friday nights for two a.

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