[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. Discover Bob Johnson's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Robert Johnson was born on April 8, 1946. When he was still a child, his parents moved together with them to Freeport, Illinois. He sold his majority stake in 2010 to Michael Jordan. We welcome all corrections and feedback using the button below. What was the Net Worth of Bob Lee? In 2007 he visited Liberian business entrepreneurs. [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. He is currently single. He also founded the asset management firm RLJ Companies, and was majority owner of the NBA's Charlotte Bobcats from 2002 to 2010. [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. Bob became the first American majority owner of a major American Sports League team when he bought the Charlotte Bobcats in 2002. When he was a kid, he moved with his family to Freeport, Illinois. Bob and Lauren married in May 2016 at Auberge Du Soleil in Napa Valley, California, with Greg Mathis officiating. Bob Johnson is 6-5 (196 cm) tall. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. have dragged Johnson's net worth to $550 million, we estimate. "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. The Johnson family moved to Freeport, Illinois when Robert was young. Will we see Jimmie Johnson in the broadcast booth, maybe owning a race team, in the future? Axiom Bank N.A. In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. Bob Johnson net worth 2023, age, height, wife, girlfriend, kids, biography, wiki. Bob Johnson has a net worth of $1 Billion. Happiness only begins to describe how I feel,' Johnson told the Washington Post. The 25 Richest Golfers in the World The list of golfers and figures mentioned below have been compiled from various sources around the web, such as celebritynetworth.com. As of 2016, Wooden was pursuing an international business-management doctorate in Paris. Bob Johnson is 6-4 (193 cm) tall. The jaw-dropping proposal included an ice sculpture of the Eiffel Tower,a shower of rose petals, a bottle of Dom Perignon, following a private after-hours tour and dinner at the Musee Rodin. In addition to hosting one of the biggest shows on CBS, "The . Currently, there is a lot of positive discussion and criticism about him. [3][9][12][14] He remained BET CEO until 2006. Like CNBC Make It on Facebook. So, how much is Bob Johnson worth at the age of 62 years old? 24/7 Wall St. reviewed the estimated net worth of U.S. congressional representatives from Roll Call, a Capitol Hill news outlet, to identify the 76 richest members of Congress.Only lawmakers with . In 2001, Johnson became a billionaire after selling the station to Viacom for $3 billion, which catapulted his net worth to an estimated $1.3 billion. Robert and Sheila founded the Black Entertainment Television network in the late 1970s with a $15,000 personal loan. 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. Johnson went on to become a press secretary to Congressman Walter E. Fauntroy. The wedding, the second for both, took place in front of a host of famous faces, including music executive L.A. Reid, actor Leon Robinson and former Clinton chief of staff Mack McLarty, at the Auberge du Soleil. He subsequently attended Princeton University as a graduate student, earning a master's degree in public affairs in 1972. Name: Robert L. Johnson. On the other hand, maybe youve never heard of the company or its venerable CEO. Having rose into ranks as an African-American, Bob Johnson prides himself a place as one of the greatest entrepreneurs of his time. He served as the public affairs director for the Corporation for Public Broadcasting. [4][12], Johnson left NCTA in 1979 to create Black Entertainment Television, the first cable television network aimed at African-Americans. After stepping down from the NCTA in 1979, Johnson launched the cable television channel BET in 1980. Johnson married Sheila Johnson in 1969. [34], In 2011, Johnson worked with Morgan Freeman to raise funds for hurricane preparedness in the Bahamas. Bob Johnson's income source is mostly from being a successful Actor. He began dating Lauren Wooden, a 33-year-old woman, in 2010. Johnson is the only black woman to own stakes in three professional sports teams (WNBA Mystics, NBA Wizards and NHL Capitals). [46] Johnson began dating Lauren Wooden, who is 33 years his junior, in 2010. AMC has received warrants to purchase at least 20 million shares or the equivalent of 50.1% of the company. He also holds over 13,755 shares of RLJ Lodging Trust Stock. Bob attended the University of Illinois where he graduated in 1968 with a bachelors degree in social studies. Amy Johnson KCBS/KCAL, Bio, Wiki, Age, Family, Children, Height, Salary, and Net Worth. 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 his net worth has been growing significantly in 2021-2022. Manage Settings In 1991 BET became the first black-controlled company that was listed on the NYSE. 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. $1-5million. Bob Johnson estimated Net Worth is $1 million- $4 million USD. It was only for two hours a week initially. [18] Among his many other business ventures, Johnson founded Axiom Bank in Maitland, Florida. In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. We and our partners use cookies to Store and/or access information on a device. 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 Clinton campaign denied this, submitting that the comments were referring to Obama's work as a community organizer. I'm writing to apologize to you and your family personally for the un-called-for comments I made at a recent Clinton event. He eventually became the National Cable and Television Associations vice president of government relations (NCTA). These include Lowes Company and the Smithsonian Institutions National Museum of African American History and Culture. Born in 8 April 1946 in Hickory Mississippi, Bob was the ninth of the ten children to Archie JOHNSON AND Edna Johnson. The talented and skilled Robert Johnson would next become the Vice President of Government Relations for the National Cable and Television Association. At the time, BET reached 62.4 million. Johnson is notable for being the first African-American billionaire, a status he achieved in 2001 upon the sale of BET to Viacom. We don't have much information about He's past relationship and any previous engaged. He is from USA. In 2006 Johnsons RLC Companies partnered with Harvey Weinstein to create Our Story Films. According to reports, the estimated net worth of Bob Lee is around $10 million. Francesco Molinari Net Worth: $20 Million Teeing off in twenty-fifth place is Francesco Molinari. 85% of Americans use AI in some capacity, from rideshare apps like Uber and Lyft, to digital voice assistants like Siri and Alexa. He also invested a $30 million starting amount fund for Liberian Entrepreneurs, called Liberia Enterprise Development Fund. But soon enough, it started growing. They knew that cable television was the next step in the media industry and wanted a channel to target the young black American audience. Robert L. Johnson is best known for co-founding the cable channel BET with his wife. 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. [4][12][13] He later became vice president of government relations at the National Cable and Television Association (NCTA). Robert Johnson met Sheila Crump while students at the University of Ilinois. In early 2021, the channel was renamed Allblk. 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. 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. Bob obtained a bachelors degree in social studies from the University of Illinois in 1968. Eddy Lu is an American businessman and entrepreneur. Bob Johnson's income mostly comes from and basic source was being a successful American actor and voice actor (1920-1993). Also, he was serving as the National Urban Leagues director of communications at the time. Submit a correction suggestion and help us fix it! Bob Johnson was born in Aurora, IL. Davis and XTO Energy founder Bob Simpson led a group of investors who backed Nolan Ryan to buy the Texas Rangers . Their marriage was short-lived, since they divorced in 2020. The comments below have been moderated in advance. In 2001 he became billionaire after selling the station to . "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. In addition, he makes $747,411 as Independent Director at Roper Technologies Inc. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. BET launched in 1980 just a few hours of airtime a week. In 2011, Johnson teamed up with actor and philanthropist Morgan Freeman to raise funds for hurricane preparedness in the Bahamas. As of April 2023, Bob Johnsons net worth is rated at $1 billion. He is the chief executive officer of a company called GOAT Group. But before any of them appeared on the list, Robert L. Johnson, 75, became the first African-American billionaire in 2001 thanks to the sale of his cable station Black Entertainment Television (BET), Forbes reports. He is also a majority owner of Charlotte Bobcats. The couple has one daughter named Paige Johnson and a son named Brett Johnson. According to Wikipedia, Forbes, IMDb & Various Online resources, famous Hockey Coach Bob Johnson's net worth is $1-5 Million before He died. We have estimated Bob Johnson's net worth, money, salary, income, and assets. Robert Johnson would stay on as CEO of BET for the next three years. In 1991 BET went public and was listed on the New York Stock Exchange. Johnson grew up in Freeport, Illinois, the 9th of 10 children. [4][12][13] In 1980, Johnson launched Black Entertainment Television, which became a full-fledged channel in 1983. . He was hired as the Public Affairs Director at the Corporation of Public Broadcasting in 1972. 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"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. A Los Angeles based movie company called Our Stories Films has been founded by Johnson in the year 2006. He is a retired meteorologist and former regional television weather presenter on Tyne Tees news. 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. What is Bob Johnson's net worth? Operated by AMC Networks, it was created to offer original films and television series aimed at African-American audiences. [9][1][10] Johnson's companies have counted among the most prominent African-American businesses in the late twentieth and early twenty-first centuries. In 2000, he became the first African-American billionaire after selling the network. After earning his Masters Degree at Princeton, Robert Johnson headed to Washington DC where he was introduced to the television industry. His height is 1.7m tall, and weight is 79kg. [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}. He later returned to the television industry to become the vice president of government relations at the National Cable and Television Association. Where was Bob Johnson born? 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 2002, Bob purchased Charlotte Bobcats becoming the first American majority club owner of a major American Sports League team. Are you familiar with Kaan Smer, the CEO of German food delivery company Gorillas? Johnson has also received several awards and honors for his philanthropic contributions. He sold a $3 million asset when BET was purchased by Viacom in 2001. In 1972, he graduated from Princeton Universitys Woodrow Wilson School with a masters degree in public affairs. He got married to Sheila Johnson in 1969. What is Bob Johnson's net worth? Jimmie Johnson returns to the drivers seat in the No. RLJ Companies Following the sale of BET, Robert and Sheila divorced. He held onto the role of president and CEO until 2005 when Debra L. Lee took over as chief executive. Butt Florence Butt founded H-E-B grocery store in Texas in 1905, which her son Howard expanded throughout the state when he took. The way to reach here was not easy at all. 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. The estimated Net Worth of Robert D Johnson is at least $14.3 Million dollars as of 1 December 2022. [3][4] While at the University of Illinois, Johnson became a member of the Beta chapter of Kappa Alpha Psi fraternity. [2][3] He also founded RLJ Companies, a holding company that invests in various business sectors. In 2008 he supported Hillary Clinton over Barack Obama as a potential Presidential candidate, raising some eyebrows. In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange, according to CNN Money. In 1969, Bob Johnson married Sheila Johnnson. Eulogy. He did, however, stay on as BETs CEO until 2006. Later in 2001, Viacom acquired BET for $3 billion where Bob earned over $1 billion from the sale. Johnson will succeed Lori Lightfoot, who lost her fight for reelection and was Chicagos first Black female and out gay mayor. He is from USA. He launched Black Entertainment Television in 1980 which late became a full-fledged channel in 1983. 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. 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. In this position is where he learned of the power and untapped potential of television. After all, at the beginning of his career, he was the Press Secretary for the controversial Presidental candidate Walter E. Fauntroy. He got his start in cable television after working in pay TV, where viewers pay through a subscription to watch a particular channel. He was the ninth of ten children born to Edna and Archie Johnson. Continue with Recommended Cookies, Your email address will not be published. He was born in Florida in 1942, and he died in 1995. The co-founder of the Black Entertainment Television cable network became a billionaire in 2001 when he sold BET to Viacom. A fresh take on sports: the biggest news and most entertaining lists. We expect J&J to report revenues and earnings slightly above the consensus estimate, and JNJ stock appears to have more room for growth. Arpad Busson Net Worth. The time frame for exercising those warrants is open-ended, AMC said. 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? According to the agreement, AMC will use its programming and distribution clout to benefit Acorn and UMC. He stands 1.7 meters tall and weighs 79 kilograms. How old is Bob Johnson? Learn How rich is He in this year and how He spends money? 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 is from Minnesota. Read More 10 Things You Didnt Know about Kaan SmerContinue. He also worked for Congressman, Walter E. Fauntory as the press secretary. Videos on the channel are categorized into Sport, Association football. [14][15] This purchase gave Johnson 42% of the company. In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange. Laurens records show that she was pursuing a doctorate in international business management in Paris. If youre not in this line of work and dont deal with calculators, then, Read More 20 Things You Didnt Know About DesmosContinue, Memorial Day is an occasion to honor those in the military who lost their lives fighting for our freedom. Expanded throughout the state when he was the press secretary for the Corporation of public Broadcasting in 1972 he... 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