He is from USA. In 2006 Johnsons RLC Companies partnered with Harvey Weinstein to create Our Story Films. He was also the Director of Communications for the National Urban League. He invested $30 million to help Liberian businessmen pursue their dreams. He also owns over 13,755 units of RLJ Lodging Trust Stock. 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. After all, at the beginning of his career, he was the Press Secretary for the controversial Presidental candidate Walter E. Fauntroy. Johnson was born in 1946 in Hickory, Mississippi, the ninth out of ten children to Edna and Archie Johnson. 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Related by education: University of Illinois, Urbana-Champaign, Resides in Washington, DC Metropolitan Area. "The Million Dollar BET: Robert Johnson and the inside story of the Black Entertainment Television by Brett Pulley, University of Illinois at UrbanaChampaign, National Museum of African American History and Culture, "Sports of The Times; First Item for the Bobcats: Win Over the Community", "30 Years: Black Entertainment Television goes public (October 30, 1991)", "COMPANY NEWS; BLACK ENTERTAINMENT TELEVISION TO BE SOLD", "RLJ Lodging Trust Form 10-K Annual Report Filed 2013-02-28", "RLJ ENTERTAINMENT, INC. Form 10-K Annual Report Filed 2013-04-10", "KB HOME Form10-K Annual Report Filed 2013-01-18", "LOWES COMPANIES INC Form 10-K Annual Report Filed 2013-04-02", "STRAYER EDUCATION INC 10-K -20030331 EXHIBITS", "Smithsonian Picks Notable Spot for Its Museum of Black History", "US Air, Denied United Merger, to Sketch New Strategy", "Robert L. Johnson: A Business Titan Redefining Black Entrepreneurial Success", "Hilton Hotels, Corp. Form 10-K, Filed March 30, 1999", "PRO BASKETBALL; BET's Founder Wins Franchise", "BET founder Johnson awarded Charlotte franchise", "Sale of Charlotte Bobcats to Michael Jordan approved by NBA Board of Governors", "AMC Networks Invests in Robert Johnson's Streaming TV and Film Company", "Morgan Freeman and Bob Johnson: Fundraising Team", "Bob Johnson Launches Neck Tie Collection to Help Fight Malaria", "RLJ Cos., partners create $30 million Liberia fund", Drugs, Race Raised in Clinton-Obama Fight, The Hypocrisy of BET's Bob Johnson's Obama Smears, Johnson cites race in President Obama's surge, "BET founder Robert Johnson says 'I will take the devil I know,' adding he doesn't know what Biden will do", "BET founder Bob Johnson engaged to Lauren Wooden", "BET founder Bob Johnson weds Lauren Wooden at Napa Valley ceremony", Johnson Sets Sights on New Urban Cable Network, The Interviews: An Oral History of Television, How I Built This - Live Episode! Required fields are marked *. 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. His father was a farmer while his mother was a school teacher. [8][31][32] In 2010, Johnson sold his majority stake in the Charlotte Bobcats to Michael Jordan. So, how much was Robert Cleveland Johnson networth at the age of years old? The estimated Net Worth of Robert D Johnson is at least $14.3 Million dollars as of 1 December 2022. Amy Johnson is an American journalist currently working as a News Anchor/Reporter for the . RLJ Companies Following the sale of BET, Robert and Sheila divorced. It expanded in both the traditional and digital markets. 5. Robert Johnson would stay on as CEO of BET for the next three years. We ended up buying the company back at $62 a share.". Born in 8 April 1946 in Hickory Mississippi, Bob was the ninth of the ten children to Archie JOHNSON AND Edna Johnson. The consent submitted will only be used for data processing originating from this website. We and our partners use cookies to Store and/or access information on a device. [2][3] He also founded RLJ Companies, a holding company that invests in various business sectors. Andrea Russett | Net Worth, Boyfriend, & Wiki, Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. [17], By January 2009, Ion Media had another subchannel network, Urban TV, in the works with him targeted to African-Americans. Do not sell or share my personal information. [12], Johnson founded The RLJ Companies, a holding company with a diverse portfolio including hotel real estate investment, private equity, financial services, asset management, automobile dealerships, sports and entertainment, and Video lottery terminal gaming. 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. Johnson became America's first black billionaire after he sold BET to Viacom for $3 billion in stock and assumed debt in 2000. He also holds over 13,755 shares of RLJ Lodging Trust Stock. BET launched in 1980 just a few hours of airtime a week. Bob Johnson's Net Worth: $1-5 Million. Wooden was pursuing an International Business Management doctorate in Paris when they met. Robert L. Johnson is the founder of Black Entertainment Television. He eventually became the National Cable and Television Associations vice president of government relations (NCTA). He was also the only child out of ten to attend college, first obtaining a bachelor's degree from the University of Illinois followed by a master's degree at Princeton University. 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. In 2000, he became the first African-American billionaire after selling the network. 1. Bob Johnson, an African-American who rose through the ranks, considers himself to be one of his generations finest entrepreneurs. At the time, BET reached 62.4 million. "I always worked," he told CNN Money. In 1972, he graduated from Princeton Universitys Woodrow Wilson School with a masters degree in public affairs. Bob and Liberty Media bought all outstanding shares of the company in 1998, a purchase that earned him 42% of the company. [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}. An example of data being processed may be a unique identifier stored in a cookie. What is Bob Johnson's net worth? His net worth has been growing significantly in 2022-2023. Jimmie Johnson returns to the drivers seat in the No. Shortly thereafter, Viacom reached out expressing interest in the company and they sold. His marriage lasted for thirty three years from 1969 to 2009. But making Johnson & Johnson an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of JNJ entered into oversold territory, changing hands as low as $157.47 per share. We recommend you to check the complete list of Famous People born on 4 May. Bob Johnson's income mostly comes from and basic source was being a successful American actor and voice actor (1920-1993). How old is Bob Johnson? In Africa, he has also formed a $30 million private equity fund. Manage Settings 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. This site uses Akismet to reduce spam. Save my name, email, and website in this browser for the next time I comment. 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. [3][9][12][14] He remained BET CEO until 2006. He post graduated from the Princeton University. On April 8, 1946, in Hickory, Mississippi, Bob was the ninth of ten children born to Archie JOHNSON and Edna Johnson. Robert Johnson met Sheila Crump while students at the University of Ilinois. 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. Like this story? His net worth has been growing significantly in 2020-2021. In the process, he became the first majority African-American owner of any major professional sports team in the US since the Negro leagues. Robert Johnson would stay on as CEO of BET for the next three years. 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!. 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. 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). He went on to Princeton University where he received his Masters Degree in International Affairs in 1972. The channel expanded considerably over the subsequent years, launching digital cable networks and, in a joint venture with Starz, a multiplex service. In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. Where was Bob Johnson born? Loud explosions rock thermal power station in Russia's Belgorod, Football fan punched and kicked unconscious as rival hooligans brawl, Moment gangster-politican Atiq Ahmed is shot point blank live on TV, Polish police raid nightclubs during organised crime crackdown, BBC's Justin Rowlatt goes bollard hunting as residents war over LTN, Italian police seize more than 350M worth of cocaine from the Med, Gerry 'The Monk' Hutch seen leaving the court after not guilty verdict, Teens scatter as gunshots ring out during fight in Chicago, Andrew Lloyd Webber dedicates final Phantom performance to late son, Phillip returns to This Morning after brother's sex abuse trial, Shocking moment driver causes three-vehicle smash, Businesswoman Jacqueline Gold's funeral at Old Royal Naval College, BET founder Bob Johnson engaged to Lauren Wooden - The Washington Post. He is not dating anyone. In 1991 BET became the first black-controlled company that was listed on the NYSE. In 1969, Bob Johnson married Sheila Johnnson. The marriage lasted until 2001 having sired two children. [3] He was an honors student in high school. Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. [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. Robert Johnson has not limited his business investments to the television industry. Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. Age, Family & Net Worth. In 2012, he released a neckwear line in collaboration with The Ella Rose Collection and PVH to support the organization, Malaria No More. 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. The marriage only lasted but until 2020 when they divorced. Since then, sagging Viacom and CBS stock, plus investments in real estate, hotels and banks . He sold his majority stake in 2010 to Michael Jordan. This achievement has led to his being one of the worlds wealthiest men. Farm Heroes Saga, the #4 Game on iTunes. How tall is Bob Johnson? Robert and Sheila Johnson were married from 1969-2002. He later sold his majority stake at Charlotte Bobcat to Michael Jordan in 2010. [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. Videos on the channel are categorized into Sport, Association football. [1][2][3][4][5][6] He is the co-founder of BET, which was acquired by Viacom in 2001. 1. [9][1][10] Johnson's companies have counted among the most prominent African-American businesses in the late twentieth and early twenty-first centuries. To mention but some, they include Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. In the spring of 1980, Johnson took out a $15,000 loan and set out to launch his own business. "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. Warren . This is called Second Act by him. Johnson moved on from the company in 2006. Eddy Lu is an American businessman and entrepreneur. Bachelor of Arts/Science, University of Illinois, Urbana-Champaign. The following year, he released a neckwear line to benefit the charity Malaria No More. The net worth of Bob Johnson's channel through 11 Apr 2023. Together, they had two children, and divorced in 2002. Perhaps youve used the company before. [47] They married in May 2016; Greg Mathis officiated,[48] and divorced in 2020. 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. He was the former Chairman Executive Officer of Black Entertainment Television. Bob Johnson Net Worth. For example, as we've pointed out, Buffett is the second wealthiest American and the fourth wealthiest person in the world.) In 2007 he visited Liberian business entrepreneurs. He and his company, RLJ Companies LLC, has worked with several professional sports teams. That's enough to be one of 10 most expensive divorce settlements of all time. He was also Congressman Walter E. Fauntorys press secretary. He also served as the director of communications for the Washington, DC office of the civil rights organization National Urban League. The principal source of wealth of Bob Johnson has come from a range of high-return investments. . He is an American businessman who is better known as Bob Johnson. Bob Johnson weighed 262 lbs (118 kg) when playing. He was an actor, known for Mission: Impossible (1988), The Outer Limits (1963) and Bad Girls for the Boys (1966). 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 is a principal owner of the Charlotte Bobcats. Amy Johnson KCBS/KCAL, Bio, Wiki, Age, Family, Children, Height, Salary, and Net Worth. He subsequently attended Princeton University as a graduate student, earning a master's degree in public affairs in 1972. At the same university, Bob was a member of the Kappa Alpha Psi fraternity. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. A Division of NBC Universal. Bob Johnson's income source is mostly from being a successful Player. He was born on 8th April 1946 in Hickory, Mississippi, US. Bob and Lauren married in May 2016 at Auberge Du Soleil in Napa Valley, California, with Greg Mathis officiating. Eulogy. Bob attended the University of Illinois where he graduated in 1968 with a bachelors degree in social studies. Among his many other business ventures, Johnson founded Axiom Bank in Maitland, Florida. When was Bob Johnson born? 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. A year later Johnson hit the Forbes 400 "Richest Americans" list with a net worth of $1.3 billion. 20 Bob Ross Quotes That Apply to Business, 10 Things You Didnt Know about Kaan Smer, supported Hillary Clinton over Barack Obama, The 10 Richest Neighborhoods in Los Angeles. 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