Robert L. Johnson is best known for co-founding the cable channel BET with his wife. 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. Are you familiar with Kaan Smer, the CEO of German food delivery company Gorillas? 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. When was Bob Johnson born? In 1972, he obtained a masters degree in public affairs from the Woodrow Wilson School at Princeton University. ': Trump issues ANOTHER threat and tells 'Soros-backed animal' Alvin Bragg to drop the case - as grand jury is cancelled for the rest of the week and questions grow about looming indictment, DeSantis' Ukraine u-turn: Florida Governor now says his 'territorial dispute' comments were 'mischaracterized', calls Putin a war criminal and says Russia is 'basically a gas station with a nuclear weapons', DeSantis says Trump should've given up power like George Washington after election loss and January 6: Florida Gov. "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. [4][12][13] In 1980, Johnson launched Black Entertainment Television, which became a full-fledged channel in 1983. ARIZONA | ARTURO MORENO CITY: PHOENIX NET WORTH: $3.3 BILLION OVERALL RANK: NO. [5][37][38] The fund provides credit for Liberian entrepreneurs. He is a principal owner of the Charlotte Bobcats. . In 2000, he became the first African-American billionaire after selling the network. BET was acquired by Viacom in 2000 for $3 billion. 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. Francesco Molinari Net Worth: $20 Million Teeing off in twenty-fifth place is Francesco Molinari. Johnson is notable for being the first African-American billionaire, a status he achieved in 2001 upon the sale of BET to Viacom. [12][14] In 1998, Johnson and Liberty Media bought all outstanding shares of the company. While . Farm Heroes Saga, the #4 Game on iTunes. He was an actor, known for Mission: Impossible (1988), The Outer Limits (1963) and Bad Girls for the Boys (1966). Well, if youre ready, lets start. Bob Johnson, an African-American who rose through the ranks, considers himself to be one of his generation's finest entrepreneurs. To mention but some, they include Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. Bob Johnson was born in in March 4, 1931. [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. The Johnson family moved to Freeport, Illinois when Robert was young. He is a member of famous Actor with the age 73 years old group. Born in 8 April 1946 in Hickory Mississippi, Bob was the ninth of the ten children to Archie JOHNSON AND Edna Johnson. The business is a marketplace for apparel, sneakers, and accessories that are all certified authentic. He is also a majority owner of Charlotte Bobcats. In 2010, he sold his majority stake to Michael Jordan in a $275 million bid due to a steady decline of the team's value and an annual loss of tens of millions of dollars. 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. Bob Johnson overall profits continue to grow daily, and he is gaining popularity on all sides. After completing studies from Princeton University, Bob secured a job that introduced him to the television industry in Washington DC. Bob Johnson net worth 2023, age, height, wife, girlfriend, kids, biography, wiki. He invested $30 million to help Liberian businessmen pursue their dreams. [46] Johnson began dating Lauren Wooden, who is 33 years his junior, in 2010. [2][3] He also founded RLJ Companies, a holding company that invests in various business sectors. 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. Davis and XTO Energy founder Bob Simpson led a group of investors who backed Nolan Ryan to buy the Texas Rangers . Together, they had two children, and divorced in 2002. Johnson will succeed Lori Lightfoot, who lost her fight for reelection and was Chicagos first Black female and out gay mayor. He is a businessman and the owner of the Pittsburgh Pirates. Good luck on the campaign trail. He sold his majority stake in 2010 to Michael Jordan. his net worth has been growing significantly in 2021-2022. In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange, according to CNN Money. In 2016 Robert Johnson married again. In the spring of 1980, Johnson took out a $15,000 loan and set out to launch his own business. Arpad Busson Net Worth. Later in 2001, Viacom acquired BET for $3 billion where Bob earned over $1 billion from the sale. 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. He is also the first African American principal owner of a major North American sports franchise. He and his company, RLJ Companies LLC, has worked with several professional sports teams. [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. In 1972, he graduated from Princeton Universitys Woodrow Wilson School with a masters degree in public affairs. As of 2022, Bob Johnsons net worth is expected to be $1 billion. Two years after that, it turned a profit for the first time. When BET was bought by Viacom, he made an asset sale of $3million in 2001. Also learn how He earned most of Bob Johnson networth? He stands 1.7 meters tall and weighs 79 kilograms. He has also made a private equity fund in Africa valued at $30million. Best Known For: Robert L. Johnson . He held onto the role of president and CEO until 2005 when Debra L. Lee took over as chief executive. I'm writing to apologize to you and your family personally for the un-called-for comments I made at a recent Clinton event. That's enough to be one of 10 most expensive divorce settlements of all time. Johnson told CNN Money in 2012 that his only entrepreneurial experience was a paper route as a kid. His father was a farmer while his mother was a school teacher. He also put $30 million into the Liberia Enterprise Development Fund, a seed fund for Liberians. 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. It was the first African American owned business to do so in the United States of America. Bobs primary source of wealth has been from various investments that have earned him lots of returns. The company continued to grow. 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. The channel expanded considerably over the subsequent years, launching digital cable networks and, in a joint venture with Starz, a multiplex service. Since Bansal is an entrepreneur, it should come as no surprise to learn that, Read More 10 Things You Didnt Peyush BansalContinue. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. She would receive a large share of BET and the couples other assets. $1 Billion Fauntroy. The intimate ceremonys guest included actor Leon Robinson, music executive L.A. Reid, and Mack McLarty, Bill Clintons former Chief of Staff. But it wasn't the first time Johnson proposed to Wooden. He also founded the asset management firm RLJ Companies, and was majority owner of the NBA's Charlotte Bobcats from 2002 to 2010. He also became famous by the title First African-American Billionaire in the year 2001. 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. In 2008 he supported Hillary Clinton over Barack Obama as a potential Presidential candidate, raising some eyebrows. It started 11 years ago and has 219 uploaded videos. He made an $8.1 million profit on the sale of RLJ stock. Operated by AMC Networks, it was created to offer original films and television series aimed at African-American audiences. 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. 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? Bill Gates. In addition, he makes $747,411 as Independent Director at Roper Technologies Inc. Robert and Sheila Johnson were married from 1969-2002. [36], In 2007, Johnson created the Liberia Enterprise Development Fund with a $30 million investment. 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. We and our partners use cookies to Store and/or access information on a device. Currently, he is the founder and also the chairman of "RLJ Development". Bob Johnson's income mostly comes from and basic source was being a successful American actor and voice actor (1920-1993). Bob Johnson was born in Gary, IN. , money, salary, income, and assets. . Bob Johnson weighed 262 lbs (118 kg) when playing. Read More 10 Things You Didnt Know about Kaan SmerContinue. In 2014 Johnson contributed to the Malaria No More campaign, helping many countries combat and prevent the disease of Malaria. He is from American. In 2001, media conglomerate Viacom purchased BET for $3 billion, erasing its status as a black-owned business. Bob Johnson - Net Worth $600 M. Bob Johnson is the co-founder of recognized Black Cable Network, BET. He was the first black American billionaire named by Forbes Magazine. Robert Johnson came from humble beginnings. [4][12], Johnson left NCTA in 1979 to create Black Entertainment Television, the first cable television network aimed at African-Americans. Amy Johnson KCBS/KCAL, Bio, Wiki, Age, Family, Children, Height, Salary, and Net Worth. After earning his Masters Degree at Princeton, Robert Johnson headed to Washington DC where he was introduced to the television industry. Perhaps youve used the company before. The consent submitted will only be used for data processing originating from this website. When he was a kid, he moved with his family to Freeport, Illinois. When BET originally started in 1980, it only broadcast on Friday nights for two hours. The high-profile trial was delayed by one day as the parties reportedly discussed a settlement. Play it now! As of 2022, Bob Johnson's net worth is expected to be $1 billion. When they divorced, Robert paid Sheila $400 million. In 2010, following the Bobcats' first-ever winning season, Johnson sold his majority stake in the team to Michael Jordan. Bob found a position in Washington, DC after graduating from Princeton University, which introduced him to the television industry. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Like this story? [3] His parents moved the family to Freeport, Illinois, when he was a child. Submit a correction suggestion and help us fix it! Robert Johnson met Sheila Crump while students at the University of Ilinois. According to the agreement, AMC will use its programming and distribution clout to benefit Acorn and UMC. Bob Johnson net worth and salary: Bob Johnson is a Hockey Coach who has a net worth of $550 million. 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 (Weather Forecaster) birth name is Robert M Johnson. The way to reach here was not easy at all. The co-founder of the Black Entertainment Television cable network became a billionaire in 2001 when he sold BET to Viacom. 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 . In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange. Published: 10:08 EDT, 14 May 2016 | Updated: 00:10 EDT, 11 February 2018. Around the same time he also worked as the director of communications for the Washington, D.C. office of the National Urban League. [17], By January 2009, Ion Media had another subchannel network, Urban TV, in the works with him targeted to African-Americans. Should You Buy The Botox Maker Over Johnson & Johnson Stock? $866. Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. He was the former Chairman Executive Officer of Black Entertainment Television. As a philanthropist, Johnson partnered with actor Morgan Freeman in 2011 to raise funds for hurricane preparedness in the Bahamas. She is CEO of Salamander Hotels and Resorts and owner of Salamander Innisbrook Resort and Golf Club in Palm Harbor. In 2007 he visited Liberian business entrepreneurs. Johnson is the only black woman to own stakes in three professional sports teams (WNBA Mystics, NBA Wizards and NHL Capitals). In Africa, he has also formed a $30 million private equity fund. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. It is a solemn occasion, yet its a perfect time to celebrate our liberty bought by, Read More How Much Money Do Consumers Spend During Memorial Day?Continue, Bob Ross was an American painter, art instructor, and television host. have dragged Johnson's net worth to $550 million, we estimate. Currently, there is a lot of positive discussion and criticism about him. 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. His father worked as a farmer, and his mother taught. [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. Johnson created a line of neckties which proceeds would be donated for the cause. 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. Bob graduated in 1968 from the University of Illinois. 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. Bob Johnson has started RLJ Companies after selling the BET. Here he served for the Corporation for Public Broadcasting as the Public affairs director. 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. The Bob Johnson Auto Group is owned by Gregory Stahl and John Love. Johnson was born in 1946 in Hickory, Mississippi, the ninth out of ten children to Edna and Archie Johnson. Johnson's parents enrolled her in an all-white school in early 1950s Kentucky before desegregation was federally mandated. 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. We have estimated Bob Johnson's net worth , money, salary, income, and assets. TV's Judge Mathis, real name Greg Mathis, officiated the ceremony. 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 is not dating anyone. He has served on the board of directors at various organizations and firms. Bob and Liberty Media bought all outstanding shares of the company in 1998, a purchase that earned him 42% of the company. Amy Johnson is an American journalist currently working as a News Anchor/Reporter for the . At the same university, Bob was a member of the Kappa Alpha Psi fraternity. The time frame for exercising those warrants is open-ended, AMC said. Name: Robert L. Johnson. Robert Johnson would stay on as CEO of BET for the next three years. They married in 1969 and have two children. 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! [3][4] Johnson graduated from the University of Illinois in 1968 with a bachelor's degree in social studies. Bob Johnson Net Worth. How tall is Bob Johnson? 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. "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. 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. So, how much was Robert Cleveland Johnson networth at the age of years old? Like CNBC Make It on Facebook. How tall is Bob Johnson? Johnson moved on from the company in 2006. 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. Bob Johnson was born on April 8, 1946, and as of 2022, he is 76 years old. He worked here as the Corporation for Public Broadcastings Public Affairs Director. When was Bob Johnson born? Bob Johnson's Net Worth: $1-5 Million. Robert Nutting - Pittsburgh Pirates- $1.1 Billion Robert Nutting was born in Wheeling, West Virginia, on March 29, 1962. Eulogy. Johnson went on to become a press secretary to Congressman Walter E. Fauntroy. In 1991, it became the first black-owned firm to be listed on the New York Stock Exchange. "I always worked," he told CNN Money. He is a retired meteorologist and former regional television weather presenter on Tyne Tees news. Wooden was pursuing an International Business Management doctorate in Paris when they met. Bob Johnson estimated Net Worth is $1 million- $4 million USD. This achievement has led to his being one of the worlds wealthiest men. ^ a b Bryant, Adam (November 12, 2011). He also owns over 13,755 units of RLJ Lodging Trust Stock. 1. 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