Notably, hip hop artist Nelly became a co-owner. He was an actor, known for Mission: Impossible (1988), The Outer Limits (1963) and Bad Girls for the Boys (1966). Bob Johnson has a net worth of $1 Billion. He allegedly asked her to marry him on their first date. [3][4] While at the University of Illinois, Johnson became a member of the Beta chapter of Kappa Alpha Psi fraternity. The intimate ceremonys guest included actor Leon Robinson, music executive L.A. Reid, and Mack McLarty, Bill Clintons former Chief of Staff. Bob Johnson Net Worth. Two years after that, it turned a profit for the first time. It was the first African American owned business to do so in the United States of America. In the process, he became the first majority African-American owner of any major professional sports team in the US since the Negro leagues. On April 8, 1946, in Hickory, Mississippi, Bob was the ninth of ten children born to Archie JOHNSON and Edna Johnson. His parents eventually moved to Illinois in search of a better life and soon found factory jobs in a working-class town. [34], In 2011, Johnson worked with Morgan Freeman to raise funds for hurricane preparedness in the Bahamas. After earning his Masters Degree at Princeton, Robert Johnson headed to Washington DC where he was introduced to the television industry. 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.. His marriage lasted for thirty three years from 1969 to 2009. Age, Family & Net Worth. We will update Bob Johnson's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. Bob Johnson, 70, the founder of BET, wed Lauren Wooden, a 37-year-old international business-management doctorate student in Napa Valley last week. Currently, he is running Lenskart, which is an Indian retail chain that sells prescription eyewear. In my zeal to support Senator Clinton, I made some very inappropriate remarks for which I am truly sorry. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. After her divorce in 2002, she sold off her shares and has since invested in hotels in Florida and Virginia, planes, real estate and horses. The estimated Net Worth of Robert D Johnson is at least $14.3 Million dollars as of 1 December 2022. RLC Companies is a Holding Company and Asset Management Firm. The way to reach here was not easy at all. Francesco Molinari Net Worth: $20 Million Teeing off in twenty-fifth place is Francesco Molinari. Even if we look at a longer time frame, AbbVie fares better, with its sales rising at an average annual growth rate of 21% to $58 billion in 2022, compared to $33 billion in 2019, while J&Js saw its revenue rise at an average annual rate of just 5% to $95 billion in 2022, compared to $82 billion Johnson & Johnson is reimagining global business processes with intelligent automation tools and change management. Read More 10 Things You Didnt Know about Kaan SmerContinue. ^ a b Bryant, Adam (November 12, 2011). , money, salary, income, and assets. The principal source of wealth of Bob Johnson has come from a range of high-return investments. [46] Johnson began dating Lauren Wooden, who is 33 years his junior, in 2010. Robert and Sheila founded the Black Entertainment Television network in the late 1970s with a $15,000 personal loan. He is most known for his hosting CBS's "The Price Is Right" from 1972 all the way to 2007. Bob Johnson (actor) Net Worth. His many properties reflect this, including a 778-room resort in Liberia valued at $12 million and 100 motels in Dean White valued at $1.7 million. 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. 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. Viacom bought it for $3 billion in 2001. [42] On January 17, 2008, Johnson sent Obama the following apology:[43] .mw-parser-output .templatequote{overflow:hidden;margin:1em 0;padding:0 40px}.mw-parser-output .templatequote .templatequotecite{line-height:1.5em;text-align:left;padding-left:1.6em;margin-top:0}. Bob Johnson's Net Worth: $1-5 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. [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 1991, BET became the first black-owned company to be traded on the New York Stock Exchange, according to CNN Money. Axiom Bank N.A. Together, they had two children, and divorced in 2002. 10. He subsequently attended Princeton University as a graduate student, earning a master's degree in public affairs in 1972. As a young adult, Johnson went to the University of Illinois Urbana-Champaign, from which he graduated in 1968 with a bachelor's degree in social studies. His height is 1.7m tall, and weight is 79kg. Early Life His birthplace is the United States of America. Eulogy. Since Bansal is an entrepreneur, it should come as no surprise to learn that, Read More 10 Things You Didnt Peyush BansalContinue. Learn How rich is He in this year and how He spends money? Bio. The time frame for exercising those warrants is open-ended, AMC said. He later worked for the National Cable and Television Association (NCTA) as the vice president of government relations. He post graduated from the Princeton University. According to the agreement, AMC will use its programming and distribution clout to benefit Acorn and UMC. Johnson created a line of neckties which proceeds would be donated for the cause. "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. There, he learned both the business and technological side of television. Bob graduated in 1968 from the University of Illinois. Well, if youre ready, lets start. He was the former Chairman Executive Officer of Black Entertainment Television. Like this story? This site uses Akismet to reduce spam. "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. In the spring of 1980, Johnson took out a $15,000 loan and set out to launch his own business. He invested $30 million to help Liberian businessmen pursue their dreams. Birth date: April 8, 1946. Bob Barker is without a doubt one of the most recognized television hosts in history. In this position is where he learned of the power and untapped potential of television. He has also made a private equity fund in Africa valued at $30million. These are the 25 richest golfers in the world: 25. BET launched in 1980 just a few hours of airtime a week. Robert Louis Johnson is an American media magnate, philanthropist, entrepreneur and investor. Bob became the first American majority owner of a major American Sports League team when he bought the Charlotte Bobcats in 2002. 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. Bob Johnson is 6-4 (193 cm) tall. In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. 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. $72 k-$82 k USD: Net Worth (approx.) He and his company, RLJ Companies LLC, has worked with several professional sports teams. $866. 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. He got his start in cable television after working in pay TV, where viewers pay through a subscription to watch a particular channel. Robert Johnson has given back to his community, his country, and the world. 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. What is Cash App all about? 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. He has been on the boards of directors of a number of companies and organizations. Bob Johnson was born on April 25, 1943. 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. When was Bob Johnson born? Viacom bought it for $3 billion in 2001. He was born on 8th April 1946 in Hickory, Mississippi, US. . In early 2021, the channel was renamed Allblk. How tall is Bob Johnson? How many car dealerships does Bob Johnson own? The talented and skilled Robert Johnson would next become the Vice President of Government Relations for the National Cable and Television Association. The company continued to grow. 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). Robert Louis Johnson (born April 8, 1946) is an American entrepreneur, media magnate, executive, philanthropist, and investor. They knew that cable television was the next step in the media industry and wanted a channel to target the young black American audience. This achievement has led to his being one of the worlds wealthiest men. ': 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. We expect J&J to report revenues and earnings slightly above the consensus estimate, and JNJ stock appears to have more room for growth. Bob Johnson is an American YouTube channel with over 178.00 subscribers. He was also the Director of Communications for the National Urban League. 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. He is also the first African American principal owner of a major North American sports franchise. According to her records, Lauren was pursuing a doctorate in international business management in Paris. She would receive a large share of BET and the couples other assets. Pharmaceutical giant Johnson & JohnsonJNJ wants to do a one-time lump sum payment of at least $8.9 billion to thousands of talc-powder claimants. At that time he was the part of Kappa Alpha Psi fraternity. Continue with Recommended Cookies, Your email address will not be published. In 2008 he supported Hillary Clinton over Barack Obama as a potential Presidential candidate, raising some eyebrows. Today, Johnson is the owner and chairman of asset management firm RLJ companies, which he founded in 2004. Bob Johnson, 70, the founder of BET, has married his 37-year-old girlfriend; . In 1991 BET went public and was listed on the New York Stock Exchange. How much did Bob Johnson weigh when playing? Formula One World Champion Jenson Button will also be making his NASCAR Cup Series debut as both drivers prepare for this year's 24 Hours of Le Mans. How Much Money Do Consumers Spend During Memorial Day? Later that year, Viacom paid $3 billion for BET, and Bob made a tidy profit on the deal. $1 Billion Robert L. Johnson is the founder of Black Entertainment Television. He is the chief executive officer of a company called GOAT Group. Robert Johnson Net worth: $550 Million - BET Founder Robert Johnson comes in third on this year's list. He also owns over 13,755 units of RLJ Lodging Trust Stock. He was also Congressman Walter E. Fauntorys press secretary. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. Robert Johnson has not limited his business investments to the television industry. Johnson's parents enrolled her in an all-white school in early 1950s Kentucky before desegregation was federally mandated. He also became famous by the title First African-American Billionaire in the year 2001. The pair got married in 2016 and divorced in 2020. In 2011, Johnson teamed up with actor and philanthropist Morgan Freeman to raise funds for hurricane preparedness in the Bahamas. Bob Johnson's income source is mostly from being a successful Player. Estimated Net Worth in 2021. Eventually, in 1983, BET became its own full-fledged independent channel. In 1969, Bob Johnson married Sheila Johnnson. Net Worth: $76 B. His father was a farmer while his mother was a school teacher. As of 2022, Bob Johnson's net worth is expected to be $1 billion. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. In 1969, Bob married Sheila Johnnson. [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. It expanded in both the traditional and digital markets. Manage Settings He is from American. Having rose into ranks as an African-American, Bob Johnson prides himself a place as one of the greatest entrepreneurs of his time. In 1972, he graduated from Princeton Universitys Woodrow Wilson School with a masters degree in public affairs. Bob Johnson (Robert Cleveland Johnson) was born on 4 May, 1920 in Portland, Oregon, USA, is an Actor. His concentration, dedication, and hard work have assisted him to get this position. Sheila Johnson went on to found Salamander Hospitality, which has a portfolio containing resorts and golf clubs. Currently, he is the founder and also the chairman of RLJ Development. They married in 1969 and have two children. He got married to Sheila Johnson in 1969. He teamed with The Ella Rose Collection and PVH in 2012 to produce a neckwear line to promote Malaria No More. In 2002, a year after becoming a billionaire, Johnson founded the asset management firm RLJ Companies in Bethesda, Maryland. Sheila Johnson cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert. [11] Johnson worked as a press secretary for Congressman Walter E. 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. 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. Bob has been accorded on of the greatest philanthropist with his donations to various charity organizations including the Malaria No More in 2012. 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. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. . Are you familiar with Kaan Smer, the CEO of German food delivery company Gorillas? According to a recent investigation by Forbes and Business Insider, Bob Johnson estimated net worth is more than a couple of million USD, according to the publication. [14][15] This purchase gave Johnson 42% of the company. "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. Bob Johnson overall profits continue to grow daily, and he is gaining popularity on all sides. I hope that you will accept this apology. The first cable channel aimed exclusively at African-Americans, it originally aired for only two hours on Friday nights. 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 Entrepreneur and investor to benefit Acorn and UMC his concentration, dedication, and work! Number of Companies and organizations after earning his Masters degree at Princeton, Robert Johnson has a Net:... Degree in public affairs Chief of Staff Black American audience a Masters degree at Princeton, Robert Johnson headed Washington! 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