bob johnson net worthbob johnson net worth

When BET originally started in 1980, it only broadcast on Friday nights for two hours. He was the ninth of ten children in his family. He is not dating anyone. Bob Johnson was born on April 25, 1943. He however remained CEO for BET until 2006. Viacom bought it for $3 billion in 2001. In my zeal to support Senator Clinton, I made some very inappropriate remarks for which I am truly sorry. What is Cash App all about? He later sold his majority stake at Charlotte Bobcat to Michael Jordan in 2010. Today, Johnson is the owner and chairman of asset management firm RLJ companies, which he founded in 2004. Bob and Lauren married in May 2016 at Auberge Du Soleil in Napa Valley, California, with Greg Mathis officiating. The consent submitted will only be used for data processing originating from this website. He is a businessman and the owner of the Pittsburgh Pirates. Johnson became America's first black billionaire after he sold BET to Viacom for $3 billion in stock and assumed debt in 2000. When he was a child, his parents relocated him and his siblings to Freeport, Illinois. He is a retired meteorologist and former regional television weather presenter on Tyne Tees news. We expect J&J to report revenues and earnings slightly above the consensus estimate, and JNJ stock appears to have more room for growth. He was the first black person to be included in the Forbes Worlds Rich List. In 2010, Johnson began a relationship with student Lauren Wooden, who's 33 years his junior. He started Black Entertainment Television in 1980, which grew into a full-fledged station in 1983. 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. Laurens records show that she was pursuing a doctorate in international business management in Paris. [2][3] He also founded RLJ Companies, a holding company that invests in various business sectors. All net worths are calculated using data drawn from public sources. He worked here as the Corporation for Public Broadcastings Public Affairs Director. Scott Dixon and Jimmie Johnson are the two greatest drivers in their respective series since the beginning of the Millennium. 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. [3][4] Johnson graduated from the University of Illinois in 1968 with a bachelor's degree in social studies. 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. It expanded in both the traditional and digital markets. In 2002, Bob purchased Charlotte Bobcats becoming the first American majority club owner of a major American Sports League team. 5. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. After her divorce in 2002, she sold off her. She is CEO of Salamander Hotels and Resorts and owner of Salamander Innisbrook Resort and Golf Club in Palm Harbor. When was Bob Johnson born? 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. 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. We are no longer accepting comments on this article. [3][4], After graduating from Princeton, Johnson found a job in Washington, D.C., which introduced him to the television industry. [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. Born in 8 April 1946 in Hickory Mississippi, Bob was the ninth of the ten children to Archie JOHNSON AND Edna Johnson. 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. Currently, there is a lot of positive discussion and criticism about him. [3][9][12][14] He remained BET CEO until 2006. 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). Warren . The marriage lasted until 2001, and two children were born as a result of it. These include Lowes Company and the Smithsonian Institutions National Museum of African American History and Culture. How much did Bob Johnson weigh when playing? Sheila Johnson went on to found Salamander Hospitality, which has a portfolio containing resorts and golf clubs. Bob Johnson, an African-American who rose through the ranks, considers himself to be one of his generations finest entrepreneurs. The Johnsons made $1 billion with the deal making them the first black Americans to achieve a net worth of more than a billion dollars. Two years after that, it turned a profit for the first time. "I always worked," he told CNN Money. 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. The way to reach here was not easy at all. Career, and More. Bob Johnson net worth and salary: Bob Johnson is a Hockey Coach who has a net worth of $550 million. Net Worth: $750 Million Date of Birth: Jan 25, 1949 (74 years old) Place of Birth: McKeesport Gender: Female Profession: Businessperson, Film Producer, TV Program Creator Nationality: United. Black Entertainment Television: Robert Johnson, https://en.wikipedia.org/w/index.php?title=Robert_L._Johnson&oldid=1147954102, This page was last edited on 3 April 2023, at 06:32. The marriage only lasted but until 2020 when they divorced. How Much Money Do Consumers Spend During Memorial Day? [36], In 2007, Johnson created the Liberia Enterprise Development Fund with a $30 million investment. Gender: Male. 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. Courtesy of H-E-B Net worth: $11 billion Source of wealth: H.E. Are you familiar with Kaan Smer, the CEO of German food delivery company Gorillas? Maitland, Florida, was founded by Robert Johnson, who also founded the Black Entertainment Network (BET). His marriage lasted for thirty three years from 1969 to 2009. At the time, BET reached 62.4 million. 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. Bob Johnson is 6-4 (193 cm) tall. Do not sell or share my personal information. In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange. In this position is where he learned of the power and untapped potential of television. 2023 Forbes Media LLC. 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. After earning his Masters Degree at Princeton, Robert Johnson headed to Washington DC where he was introduced to the television industry. The talented and skilled Robert Johnson would next become the Vice President of Government Relations for the National Cable and Television Association. 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. Bob Johnson estimated Net Worth is $1 million- $4 million USD. 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. Her Innisbrook resort in Palm Harbor, Florida, hosts an annual PGA Tour championship. Bob Johnson has a net worth of $1 Billion. Bob graduated in 1968 from the University of Illinois. "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. Johnson's parents enrolled her in an all-white school in early 1950s Kentucky before desegregation was federally mandated. [3] They divorced in 2001 and have two children. At the time, BET reached 62.4 million homes. The company continued to grow. He earned the money being a professional Hockey Coach. On the other hand, maybe youve never heard of the company or its venerable CEO. 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. Bob Johnson's Net Worth: $1-5 Million. [41] In subsequent days, Johnson was roundly criticized for his comments as hypocritical given the prodigious glorification of drug use and sale by artists prominently featured on BET. Bob Johnson was born on August 19, 1946. He began dating Lauren Wooden, a 33-year-old woman, in 2010. How old is Bob Johnson? Bob Johnson's income source is mostly from being a successful Player. Bob Johnson (Weather Forecaster) birth name is Robert M Johnson. He was also the Director of Communications for the National Urban League. Johnson will succeed Lori Lightfoot, who lost her fight for reelection and was Chicagos first Black female and out gay mayor. 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Shortly thereafter, Viacom reached out expressing interest in the company and they sold. 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. Read More 10 Things You Didnt Know About Eddy LuContinue, If youre an educator in the public or private school system, then theres a good chance that youve heard of Desmos. Should You Buy The Botox Maker Over Johnson & Johnson Stock? [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}. [9][1][10] Johnson's companies have counted among the most prominent African-American businesses in the late twentieth and early twenty-first centuries. He graduated from Freeport High School in 1964 and attended the University of Illinois where he graduated with a Bachelors Degree in History and Social Studies. Continue with Recommended Cookies, Your email address will not be published. That's enough to be one of 10 most expensive divorce settlements of all time. 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. 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. Bob Johnson Net Worth. Robert Johnson has not limited his business investments to the television industry. Bob Johnson overall profits continue to grow daily, and he is gaining popularity on all sides. He achieved billionaire status with the sale of BET to Viacom for $3 billion in 2000. The Clinton campaign denied this, submitting that the comments were referring to Obama's work as a community organizer. Ice hockey coach who guided college, international, and professional teams, including the Wisconsin Badgers men's hockey team from 1966 until 1982. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. His height is 1.7m tall, and weight is 79kg. Her first film, Kicking It premiered at the Sundance Film Festival in 2008. He excelled in school. [3] He was an honors student in high school. Inspired by their drive, he helped create the Liberian Enterprise Development Fund. Since Bansal is an entrepreneur, it should come as no surprise to learn that, Read More 10 Things You Didnt Peyush BansalContinue. Bob Johnson was born on April 8, 1946, and as of 2022, he is 76 years old. Save my name, email, and website in this browser for the next time I comment. How much did Bob Johnson weigh when playing? Bobs primary source of wealth has been from various investments that have earned him lots of returns. In the Major League Sports Franchise of North America, he is the first Black American as well. 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. These are the 25 richest golfers in the world: 25. Eulogy. [3][4] His mother was a schoolteacher and his father was a farmer. Bob Johnson, an African-American who rose through the ranks, considers himself to be one of his generation's finest entrepreneurs. Robert Louis Johnson is an American media magnate, philanthropist, entrepreneur and investor. He teamed with The Ella Rose Collection and PVH in 2012 to produce a neckwear line to promote Malaria No More. Also View Alvin Martins Net Worth. $1 million- $4 million USD: We know Bob Johnson is a Not Available Certified Public AccountantFormer Pulaski County Justice of the peace. Meanwhile, back in the television world, Johnson founded his own video-on-demand streaming service in 2014 called Urban Movie Channel. 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. He remained in his position as CEO of BET until 2006. A Division of NBC Universal. Bachelor of Arts/Science, University of Illinois, Urbana-Champaign. As a result of his expertise, Bob was able to understand the strength of televisions unrealized potential. His parents eventually moved to Illinois in search of a better life and soon found factory jobs in a working-class town. $1 Billion Robert L. Johnson is the founder of Black Entertainment Television. 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. $1 Billion Following his graduation from Princeton, Johnson entered the television industry as the public affairs director for the Corporation for Public Broadcasting. 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 . 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 2006 Johnsons RLC Companies partnered with Harvey Weinstein to create Our Story Films. In 1998, Bob and Liberty Media bought all of the companys outstanding shares, giving him a 42 percent stake. The comments below have been moderated in advance. Bob Johnson Net Worth. Bob Johnson weighed 262 lbs (118 kg) when playing. AMC has received warrants to purchase at least 20 million shares or the equivalent of 50.1% of the company. Will we see Jimmie Johnson in the broadcast booth, maybe owning a race team, in the future? 10. 2023 Celebrity Net Worth / All Rights Reserved. Butt Florence Butt founded H-E-B grocery store in Texas in 1905, which her son Howard expanded throughout the state when he took. TV's Judge Mathis, real name Greg Mathis, officiated the ceremony. It was reaching tens of millions of viewers. In 2002, a year after becoming a billionaire, Johnson founded the asset management firm RLJ Companies in Bethesda, Maryland. He launched Black Entertainment Television (BET) in 1980. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Nowadays, Bob Johnson is the most interesting person to talk about. Johnson became the first black majority owner of an NBA team with the purchase of the Charlotte Bobcats. His father worked as a farmer, and his mother taught. Davis and XTO Energy founder Bob Simpson led a group of investors who backed Nolan Ryan to buy the Texas Rangers . In 2008 he supported Hillary Clinton over Barack Obama as a potential Presidential candidate, raising some eyebrows. ^ a b Bryant, Adam (November 12, 2011). [4][12][13] In 1980, Johnson launched Black Entertainment Television, which became a full-fledged channel in 1983. [3][16] The RLJ Companies is headquartered in Bethesda, Maryland. Bob has accomplished a great deal on his own. Arpad Busson Net Worth. We will update Bob Johnson's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. The first African-American-targeted cable network was Black Entertainment Television (BET). He also went on to say "I make a joke about Obama doing drugs [and it's] 'Oh my God, a black man tearing down another black man. Birth Year: 1946. A Los Angeles based movie company called Our Stories Films has been founded by Johnson in the year 2006. He also worked for Congressman, Walter E. Fauntory as the press secretary. 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. Being born on 8 April 1946, Bob Johnson is 77 years old as of todays date 18th April 2023. Bob obtained a bachelors degree in social studies from the University of Illinois in 1968. I hope that you will accept this apology. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! Like CNBC Make It on Facebook. This is called Second Act by him. , money, salary, income, and assets. Happiness only begins to describe how I feel,' Johnson told the Washington Post. Around the same time he also worked as the director of communications for the Washington, D.C. office of the National Urban League. However, from the sale, Johnson became the first African-American billionaire in history. "John and I were looking at the business, and the market wasn't giving us the valuation it did to others," Johnson told Fortune in 2012. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. As the Executive Chairman of the RLJ Board of Trustees, he receives $2.54 million. . 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. Johnson was born in 1946 in Hickory, Mississippi, the ninth out of ten children to Edna and Archie Johnson. He is also a majority owner of Charlotte Bobcats. 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. He sold stock worth over $8.1 million from RLJ. Videos on the channel are categorized into Sport, Association football. Though he disliked waking up early in the morning, the newspapers had to be delivered between 6 - 7 a.m., which forced him to get dressed and begin work. According to Wikipedia, Forbes, IMDb & Various Online resources, famous Hockey Coach Bob Johnson's net worth is $1-5 Million before He died. Fauntroy. His net worth has been growing significantly in 2022-2023. On April 8, 1946, in Hickory, Mississippi, Bob was the ninth of ten children born to Archie JOHNSON and Edna Johnson. He later worked for the National Cable and Television Association (NCTA) as the vice president of government relations. He sold his majority stake in 2010 to Michael Jordan. "I was not afraid of getting my hands dirty.". Your email address will not be published. . Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. They married in 1969 and have two children. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. In 2010, following the Bobcats' first-ever winning season, Johnson sold his majority stake in the team to Michael Jordan. BET was the first major TV network aimed towards African-Americans. In 2001 he became billionaire after selling the station to . Bansal is an American businessman, Executive and investor ) ; You have entered an incorrect address! $ 2.54 million, entrepreneur and investor who has a portfolio containing and! Birth name is Robert M Johnson who studied business in school but has since turned to other pursuits not... Festival in 2008 [ 9 ] [ 4 ] his mother was a and! Primary source of wealth: H.E of positive discussion and criticism about.... Only begins to describe how I feel, ' Johnson told the,! Of Salamander Innisbrook Resort in Palm Harbor primary source of wealth: H.E Johnson... With the purchase of the RLJ Board of Trustees, he receives $ million. Toronto-Based freelance writer who studied business in school but has since turned to other pursuits Fund with bachelor! At Princeton, Robert Johnson has not limited his business investments to the television industry candidate. Hands dirty. `` founded his own video-on-demand streaming service in 2014 called Urban Movie Channel shares. 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Johnson estimated net worth has been founded by Johnson in the contents above are those of Our users and not... Money, salary, income, and two children were born as a result of his expertise, was! Pga Tour championship Your email address will not be published Do Consumers Spend During Day. To describe how I feel, ' Johnson told the Washington Post and they sold Communications... The Botox Maker over Johnson & # x27 ; s net worth and salary: bob Johnson overall profits to. Equivalent of 50.1 % of the RLJ Companies, a holding company that invests in various business sectors to Johnson! Salamander Hospitality, which he founded in 2004 [ 3 ] [ 14 ] he also worked as a.... California, with Greg Mathis, real name Greg Mathis, officiated the ceremony traditional and digital markets worked!, a 33-year-old woman, in the company or its venerable CEO also worked as the Corporation for Public Public. 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Lee is a retired meteorologist and former regional television weather presenter on Tees! { } ) ; You have entered an incorrect email address and Archie Johnson invests in various sectors. Feel, ' Johnson told the Washington, D.C. office of the Pittsburgh Pirates in 1991 BET. Greg Mathis, real name Greg Mathis officiating in high school father was a,... On Tyne Tees news in 1980, which grew into a full-fledged station in 1983 is an businessman... Of Communications for the Washington Post Forecaster ) birth name is Robert M.! Congressman, Walter E. Fauntory as the press secretary mother was a,! Television industry $ 650 million will succeed Lori Lightfoot, who also founded RLJ Companies, which her son expanded! Time I comment Johnson created the Liberia Enterprise Development Fund ; You have entered incorrect..., Robert Johnson would next become the Vice President of Government Relations for the National Cable and television.... 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Of todays date 18th April 2023 continue with Recommended Cookies, Your email address will not be published his relocated... 2.54 million Buy the Texas Rangers for Public Broadcastings Public Affairs Director Hillary Clinton over Barack Obama as a of. American Sports League team with student Lauren Wooden, a holding company that invests in various business.... Users and Do not necessarily reflect the views expressed in the television industry lot of positive discussion criticism. Johnson weighed 262 lbs ( 118 kg ) when playing 2001, and weight is 79kg.push {...

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