Here is the richest billionaire in every state; net worths are as of March 18, 2020. 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. It was only for two hours a week initially. RLC Companies is a Holding Company and Asset Management Firm. Bob Johnson estimated Net Worth is $1 million- $4 million USD. [18] However, this gig taught him many valuable lessons. He has also made a private equity fund in Africa valued at $30million. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Robert Johnson has not limited his business investments to the television industry. [16][26][27][28][29][30], Johnson became the first African-American majority club owner of a major American sports league team with his 2002 purchase of the Charlotte Bobcats. Nutting is the sixth principal owner of the Pittsburgh Pirates in its history. 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 Currently, there is a lot of positive discussion and criticism about him. We welcome all corrections and feedback using the button below. 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. 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. Courtesy of H-E-B Net worth: $11 billion Source of wealth: H.E. Discover today's celebrity birthdays and explore famous people who share your birthday. AMC has received warrants to purchase at least 20 million shares or the equivalent of 50.1% of the company. He also worked for Congressman, Walter E. Fauntory as the press secretary. All net worths are calculated using data drawn from public sources. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! 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. Save my name, email, and website in this browser for the next time I comment. By 1983 BET was a full-fledged cable network averaging a half million viewers a week. 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. There, he learned both the business and technological side of television. Bob Johnson Net Worth. He got married to Sheila Johnson in 1969. 590 SOURCE OF WEALTH . Bob has been accorded on of the greatest philanthropist with his donations to various charity organizations including the Malaria No More in 2012. Bob Johnson is 6-5 (196 cm) tall. [36], In 2007, Johnson created the Liberia Enterprise Development Fund with a $30 million investment. 1. What is Cash App all about? Bob Johnson was born on April 25, 1943. [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. Robert Nutting - Pittsburgh Pirates- $1.1 Billion Robert Nutting was born in Wheeling, West Virginia, on March 29, 1962. He is also the first African American principal owner of a major North American sports franchise. He is the chief executive officer of a company called GOAT Group. In this position is where he learned of the power and untapped potential of television. Related by education: University of Illinois, Urbana-Champaign, Resides in Washington, DC Metropolitan Area. In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. Robert Johnson met Sheila Crump while students at the University of Ilinois. Robert Louis Johnson (born April 8, 1946) is an American entrepreneur, media magnate, executive, philanthropist, and investor. In 2012, he released a neckwear line in collaboration with The Ella Rose Collection and PVH to support the organization, Malaria No More. Soon after, Johnson became the Press Secretary for Walter E. Fauntroy when the Civil Rights advocate and delegate to the US House of Representatives while he was running for President of the US for the democratic party. TikTokers create water cocktails using syrups and powdered flavorings to create drinks like unicorn water, wedding cake water and pia colada water. Bob graduated in 1968 from the University of Illinois. Robert L. Johnson was born on April 8, 1946 in Hickory, Mississippi as the ninth of ten children of farmer Archie and schoolteacher Edna. BET launched in 1980 just a few hours of airtime a week. 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. Bob Barker is without a doubt one of the most recognized television hosts in history. 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. We don't have much information about He's past relationship and any previous engaged. [3][7] Johnson is the former majority owner of the Charlotte Bobcats. The Black Entertainment Television (BET) was a first of its kind cable aimed at African-Americans. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. Today, Johnson is the owner and chairman of asset management firm RLJ companies, which he founded in 2004. 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 . Early Life His birthplace is the United States of America. [3] His parents moved the family to Freeport, Illinois, when he was a child. He achieved billionaire status with the sale of BET to Viacom for $3 billion in 2000. In the same university, Bob was a member of the Kappa Alpha Psi fraternity. He started dating Lauren Wooden, who was 33 years his junior, in 2010. On the other hand, maybe youve never heard of the company or its venerable CEO. When was Bob Johnson born? Here we are updating just estimated networth of Robert . Eulogy. Bob Johnson weighed 220 lbs (99 kg) when playing. Robert Johnson would stay on as CEO of BET for the next three years. Five years later she agreed. [3][16] The RLJ Companies is headquartered in Bethesda, Maryland. Having rose into ranks as an African-American, Bob Johnson prides himself a place as one of the greatest entrepreneurs of his time. The successful businessman has become one of the greatest entrepreneurs and philanthropists in the world. The business is a marketplace for apparel, sneakers, and accessories that are all certified authentic. Together, they had two children, and divorced in 2002. His net worth has been growing significantly in 2020-2021. Farm Heroes Saga, the #4 Game on iTunes. Bob Johnson Chevrolet is part of the Automobile Dealers industry, and located in New York, United States. As of 2022, Bob Johnson's net worth is expected to be $1 billion. "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. His net worth has been growing significantly in 2022-2023. He served as the public affairs director for the Corporation for Public Broadcasting. Well, if youre ready, lets start. "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. Viacom bought it for $3 billion in 2001. In Africa, he has also formed a $30 million private equity fund. Sheila Johnson cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert. In the Spring of 1980, he took out a $15,000 loan and set out to launch his business. He got his start in cable television after working in pay TV, where viewers pay through a subscription to watch a particular channel. Prior to this, Jordan had been a minority stakeholder. Following the sale of BET, Robert and Sheila divorced. 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. He was the first black person to be included in the Forbes Worlds Rich List. Scott Dixon and Jimmie Johnson are the two greatest drivers in their respective series since the beginning of the Millennium. Operated by AMC Networks, it was created to offer original films and television series aimed at African-American audiences. [3] He was an honors student in high school. Career, and More. The couple were married in May 2016 at Auberge du Soleil in the Napa Valley region of California. 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!. Bob Johnson (actor) Net Worth. $1 Billion Robert L. Johnson is the founder of Black Entertainment Television. His concentration, dedication, and hard work have assisted him to get this position. Bob and Lauren married in May 2016 at Auberge Du Soleil in Napa Valley, California, with Greg Mathis officiating. Also learn how He earned most of Bob Johnson networth? He launched Black Entertainment Television (BET) in 1980. 2023 Forbes Media LLC. 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. 10. His father worked as a farmer, and his mother taught. It started 11 years ago and has 219 uploaded videos. 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. 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. Bob Johnson was born in Aurora, IL. Ice hockey coach who guided college, international, and professional teams, including the Wisconsin Badgers men's hockey team from 1966 until 1982. Johnson told CNN Money in 2012 that his only entrepreneurial experience was a paper route as a kid. Johnson's other philanthropic endeavors include the Liberia Enterprise Development Fund, which he founded to support entrepreneurs in Liberia. But it wasn't the first time Johnson proposed to Wooden. Bob Johnson Net Worth Bob's primary source of wealth has been from various investments that have earned him lots of returns. Here he served for the Corporation for Public Broadcasting as the Public affairs director. He also makes $2.54 million as Executive Chairman of the Board of Trustees at RLJ. Through the experience, Bob was able to learn the power of untapped potential of television. [3][4] His mother was a schoolteacher and his father was a farmer. Just a few examples are Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. Bob Johnson's income source is mostly from being a successful Actor. [1][2][3][4][5][6] He is the co-founder of BET, which was acquired by Viacom in 2001. He bought this team in 1996 for $92 million and he is the Chairman of the Board. In early 2021, the channel was renamed Allblk. Kobe Johnson Girlfriend, Is He Married? 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. Net Worth: $76 B. In addition, he makes $747,411 as Independent Director at Roper Technologies Inc. 5. Bob Johnson is an American YouTube channel with over 178.00 subscribers. His marriage lasted for thirty three years from 1969 to 2009. Bob Johnson net worth and salary: Bob Johnson is a Hockey Coach who has a net worth of $550 million. 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. On April 8, 1946, in Hickory, Mississippi, Bob was the ninth of ten children born to Archie JOHNSON and Edna Johnson. 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. Revolving Rose Net Worth, Bio, Early Life,, Ellora Patnaik Net Worth, Bio, Early Life,, Amanda Leah Brown Net Worth, Bio, Early. Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. Bob Johnson Net Worth. Bob and Lauren married in May 2016 at Auberge Du Soleil in Napa Valley region of California where Greg Mathis officiated. What is Bob Johnson's net worth? When BET was bought by Viacom, he made an asset sale of $3million in 2001. In the spring of 1980, Johnson took out a $15,000 loan and set out to launch his own business. In 2002, a year after becoming a billionaire, Johnson founded the asset management firm RLJ Companies in Bethesda, Maryland. The first cable channel aimed exclusively at African-Americans, it originally aired for only two hours on Friday nights. He is a member of famous Actor with the age 73 years old group. [8] He became the first African-American billionaire in 2001. He went on to Princeton University where he received his Masters Degree in International Affairs in 1972. He launched Black Entertainment Television in 1980 which late became a full-fledged channel in 1983. We ended up buying the company back at $62 a share.". He has also sat on numerous boards of directors, including those of KB Home; Think Finance; Lowe's Companies; the Smithsonian Institution's National Museum of African American History and Culture; Hilton Hotels; and General Mills. Robert went on to found RLT Companies while Sheila pursued a career as a producer. We have estimated Bob Johnson's net worth, money, salary, income, and assets. 1. 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. In 2002, Bob purchased Charlotte Bobcats becoming the first American majority club owner of a major American Sports League team. He worked here as the Corporation for Public Broadcastings Public Affairs Director. Bob Johnson, an African-American who rose through the ranks, considers himself to be one of his generation's finest entrepreneurs. Bob Johnson was born on May 4, 1920 in Portland, Oregon, USA as Robert Cleveland Johnson. He was the ninth of ten children born to Edna and Archie Johnson. A Los Angeles based movie company called Our Stories Films has been founded by Johnson in the year 2006. The six-time IndyCar Series champion and the seven-time NASCAR Cup Series champion were both named to the Motorsports Hall of Fame of America Class of 2024 on Friday. Bob Johnson (Weather Forecaster) birth name is Robert M Johnson. 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. Johnson moved on from the company in 2006. He was hired as the Public Affairs Director at the Corporation of Public Broadcasting in 1972. Even in retirement Robert Johnson continues to serve on many boards. He was also Congressman Walter E. Fauntorys press secretary. 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. He also put $30 million into the Liberia Enterprise Development Fund, a seed fund for Liberians. Birth Year: 1946. He and his company, RLJ Companies LLC, has worked with several professional sports teams. She is CEO of Salamander Hotels and Resorts and owner of Salamander Innisbrook Resort and Golf Club in Palm Harbor. 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He post graduated from the Princeton University. 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. Letter from Michael Cohen claiming Trump did NOT reimburse him for hush money paid to Stormy Daniels appears to fly in face of his grand jury testimony, Trump breaks cover for a round of golf as Alvin Bragg 'struggles' to convince grand jury to charge him with 'weak' case' that has split the DA's office: Panel probing Stormy Daniels payment reconvenes tomorrow, 'They tell us to be peaceful! Davis and XTO Energy founder Bob Simpson led a group of investors who backed Nolan Ryan to buy the Texas Rangers . 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? In 2011, Johnson teamed up with actor and philanthropist Morgan Freeman to raise funds for hurricane preparedness in the Bahamas. 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. Robert and Sheila Johnson were married from 1969-2002. [47] They married in May 2016; Greg Mathis officiated,[48] and divorced in 2020. "As the new majority owner of the Bobcats, his dedication will be stronger now more than ever.". The Bob Johnson Auto Group is owned by Gregory Stahl and John Love. The talented and skilled Robert Johnson would next become the Vice President of Government Relations for the National Cable and Television Association. Estimated Net Worth in 2021. 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. [12][14] In 1998, Johnson and Liberty Media bought all outstanding shares of the company. [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. How Johnson & Johnsons Attempt At A $9 Billion Baby Powder Settlement Impacts Black Women, Progressive Brandon Johnson Elected As Chicago Mayor, Beating Paul Vallas In Crime-Focused Race, Nascar Legend Jimmie Johnson On Safety In Motorsports, His Future, Progressive Firebrand Rep. Sheila Jackson Lee Running For Houston Mayor, Jimmie Johnson, Partner At Legacy Motor Club, To Compete At Le Mans, Jimmie Johnson, Jenson Button Using NASCAR Race At COTA To Help Prepare For 24 Hours Of Le Mans. , money, salary, income, and assets. Published: 10:08 EDT, 14 May 2016 | Updated: 00:10 EDT, 11 February 2018. He did, however, stay on as BETs CEO until 2006. Bob Johnson was born in Gary, IN. In 2000, he became the first African-American billionaire after selling the network. 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. BET was the first major TV network aimed towards African-Americans. Bob Johnson's income source is mostly from being a successful Player. . Her Innisbrook resort in Palm Harbor, Florida, hosts an annual PGA Tour championship. What is Bob Johnson's net worth? Arpad Busson Net Worth. As the Executive Chairman of the RLJ Board of Trustees, he receives $2.54 million. Shortly thereafter, Viacom reached out expressing interest in the company and they sold. Manage Settings Around the same time he also worked as the director of communications for the Washington, D.C. office of the National Urban League. He also served as the director of communications for the Washington, DC office of the civil rights organization National Urban League. He however remained CEO for BET until 2006. When was Bob Johnson born? Bob and Liberty Media bought all outstanding shares of the company in 1998, a purchase that earned him 42% of the company. In 2010, Johnson began a relationship with student Lauren Wooden, who's 33 years his junior. He married Lauren Wooden, 33 years his junior. The consent submitted will only be used for data processing originating from this website. Notably, hip hop artist Nelly became a co-owner. James Cameron; March 20, 2023; 0; Pat Schroeder Cause of Death, How did She passed on? After stepping down from the NCTA in 1979, Johnson launched the cable television channel BET in 1980. In addition to hosting one of the biggest shows on CBS, "The . According to reports, the estimated net worth of Bob Lee is around $10 million. 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). Robert Louis Johnson is an American media magnate, philanthropist, entrepreneur and investor. 85% of Americans use AI in some capacity, from rideshare apps like Uber and Lyft, to digital voice assistants like Siri and Alexa. In 1991 BET became the first black-controlled company that was listed on the NYSE. Johnson became the first black majority owner of an NBA team with the purchase of the Charlotte Bobcats. At the same university, Bob was a member of the Kappa Alpha Psi fraternity. Also View Alvin Martins Net Worth. Jackson Lees outspoken progressive ideals have made the 14-term representative a politically polarizing figure, drawing attacks from the likes of Tucker Carlson. 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'? 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. [4][12][13] He later became vice president of government relations at the National Cable and Television Association (NCTA). [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. For example, as we've pointed out, Buffett is the second wealthiest American and the fourth wealthiest person in the world.) Johnson proposed to Wooden in Paris last December with a little help from best man, Franco Nuschese, who owns Georgetown's Cafe Milano. Like this story? Currently, he is the founder and also the chairman of RLJ Development. Laurens records show that she was pursuing a doctorate in international business management in Paris. Bob Johnson was born on August 19, 1946. [34], In 2011, Johnson worked with Morgan Freeman to raise funds for hurricane preparedness in the Bahamas. He invested $30 million to help Liberian businessmen pursue their dreams. [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. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange, according to CNN Money. When BET originally started in 1980, it only broadcast on Friday nights for two hours. The following year, he released a neckwear line to benefit the charity Malaria No More. "I thought there would never be a better time to maximize our returns," said Johnson at the time. 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. A fresh take on sports: the biggest news and most entertaining lists. He also holds over 13,755 shares of RLJ Lodging Trust Stock. . . Learn How rich is He in this year and how He spends money? have dragged Johnson's net worth to $550 million, we estimate. Together with Morgan Freeman, Bob raised funds for hurricane preparedness in Bahamas in 2011. Johnson is notable for being the first African-American billionaire, a status he achieved in 2001 upon the sale of BET to Viacom. 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. He allegedly asked her to marry him on their first date. Bob Johnson overall profits continue to grow daily, and he is gaining popularity on all sides. When BET went public in 1991, it became the first black-controlled company to be listed on the New York Stock Exchange. Robert Johnson has given back to his community, his country, and the world. In 2011, Bob and Morgan Freeman raised donations for hurricane relief in the Bahamas. 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. How old is Bob Johnson? For the first few years of Johnson's life, his father chopped and sold timber while his mother taught school in Mississippi. [4] He received a master's degree in public affairs from the Woodrow Wilson School at Princeton University in 1972. Bob Johnson has a net worth of $1 Billion. We recommend you to check the complete list of Famous People born on 4 May. $72 k-$82 k USD: Net Worth (approx.) Fauntroy. 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