bob johnson net worth

The net worth of Bob Johnson's channel through 11 Apr 2023. Robert and Sheila Johnson were married from 1969-2002. Together with Morgan Freeman, Bob raised funds for hurricane preparedness in Bahamas in 2011. Robert went on to found RLT Companies while Sheila pursued a career as a producer. 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. 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. Robert Louis Johnson (born April 8, 1946) is an American entrepreneur, media magnate, executive, philanthropist, and investor. [8][31][32] In 2010, Johnson sold his majority stake in the Charlotte Bobcats to Michael Jordan. Discover today's celebrity birthdays and explore famous people who share your birthday. Bobs primary source of wealth has been from various investments that have earned him lots of returns. After stepping down from the NCTA in 1979, Johnson launched the cable television channel BET in 1980. [4] He received a master's degree in public affairs from the Woodrow Wilson School at Princeton University in 1972. After completing studies from Princeton University, Bob secured a job that introduced him to the television industry in Washington DC. Shortly thereafter, Viacom reached out expressing interest in the company and they sold. Source of wealth: Microsoft. $1-5million. "[39] This statement was widely interpreted as a criticism of Obama's acknowledged use of marijuana in his youth. He eventually became the National Cable and Television Associations vice president of government relations (NCTA). He invested $30 million to help Liberian businessmen pursue their dreams. Johnson became America's first black billionaire after he sold BET to Viacom for $3 billion in stock and assumed debt in 2000. View popular celebrities life details, birth signs and real ages. Where was Bob Johnson born? Eddy Lu is an American businessman and entrepreneur. Viacom bought it for $3 billion in 2001. 10. 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. Read More 10 Things You Didnt Know about Kaan SmerContinue. The Bob Johnson Auto Group is owned by Gregory Stahl and John Love. 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. In 2002 he purchased the NBA's Charlotte Bobcats, becoming the first African-American majority owner of a major American sports team. Bob Johnson Net Worth. I hope that you will accept this apology. ': 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. "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. 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 found a position in Washington, DC after graduating from Princeton University, which introduced him to the television industry. He is an American businessman who is better known as Bob Johnson. It started 11 years ago and has 219 uploaded videos. 590 SOURCE OF WEALTH . He subsequently attended Princeton University as a graduate student, earning a master's degree in public affairs in 1972. Bob Johnson, 70, the founder of BET, has married his 37-year-old girlfriend; . Bob Johnson's income source is mostly from being a successful Player. His net worth has been growing significantly in 2020-2021. [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 was the ninth of ten children in his family. Will Johnson & Johnson Stock Rise Post Q1? In addition, he makes $747,411 as Independent Director at Roper Technologies Inc. 2023 Forbes Media LLC. 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 . Robert Johnson was born on April 8, 1946. [12][14] In 1998, Johnson and Liberty Media bought all outstanding shares of the company. He went on to Princeton University where he received his Masters Degree in International Affairs in 1972. RLJ Companies Following the sale of BET, Robert and Sheila divorced. He married Lauren Wooden, 33 years his junior. He also holds over 13,755 shares of RLJ Lodging Trust Stock. He also founded the asset management firm RLJ Companies, and was majority owner of the NBA's Charlotte Bobcats from 2002 to 2010. 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. 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. Following his graduation from Princeton, Johnson entered the television industry as the public affairs director for the Corporation for Public Broadcasting. He is also the first African American principal owner of a major North American sports franchise. Johnson went on to become a press secretary to Congressman Walter E. Fauntroy. Viacom bought it for $3 billion in 2001. "I thought there would never be a better time to maximize our returns," said Johnson at the time. 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. Fox News Defamation Trial To Start Tuesday After Delay: Heres What To Watch For, Michigan Deserves Accountability For Medicaid, Instead Of Lining The Pockets Of Insurance Companies, 5 Critical Lessons From The Last Writers Strike, Divisive TikTok Trend WaterTok: Why Some Experts Warn Against It And Others Encourage It, Scott Dixon, Jimmie Johnson Lead Motorsports Hall Of Fame Of America Class Of 2024, Youre Already Using AI: Heres Where Its At In Everyday Life, From Facial Recognition To Navigation Apps. Bob has achieved much in his right. This site uses Akismet to reduce spam. She is CEO of Salamander Hotels and Resorts and owner of Salamander Innisbrook Resort and Golf Club in Palm Harbor. 4. In 2012, he released a neckwear line in collaboration with The Ella Rose Collection and PVH to support the organization, Malaria No More. He is an American businessman who is better known as Bob Johnson. In 2011, Bob and Morgan Freeman raised donations for hurricane relief in the Bahamas. 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. [12][14] When the network launched in 1980, it only aired for two hours on Friday night. At the time, BET reached 62.4 million homes. 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. As a result of his expertise, Bob was able to understand the strength of televisions unrealized potential. Johnson has also received several awards and honors for his philanthropic contributions. In 2008 he supported Hillary Clinton over Barack Obama as a potential Presidential candidate, raising some eyebrows. In early 2021, the channel was renamed Allblk. The kicker - a seven-and-a-half carat engagement ring. [8] He became the first African-American billionaire in 2001. But soon enough, it started growing. Discover Bob Johnson's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Through the experience, Bob was able to learn the power of untapped potential of television. Five warning signs of vision-robbing condition glaucoma revealed - and the celebrities living with it, 'I lose no matter how hard I train:' Heartbreaking words of female cyclist who quit sport after constant beatings by trans competitors - as transgender rising star, 46, hammers competition. In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange. Robert L. Johnson is the founder of Black Entertainment Television. A fresh take on sports: the biggest news and most entertaining lists. BET launched in 1980 just a few hours of airtime a week. [36], In 2007, Johnson created the Liberia Enterprise Development Fund with a $30 million investment. I'm writing to apologize to you and your family personally for the un-called-for comments I made at a recent Clinton event. 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.. Laurens records show that she was pursuing a doctorate in international business management in Paris. As of April 2023, Bob Johnsons net worth is rated at $1 billion. He was the first black person to be included in the Forbes Worlds Rich List. The Forbes 400 net worth cut off this year was a record-high $2 billion. 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. In my zeal to support Senator Clinton, I made some very inappropriate remarks for which I am truly sorry. 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. "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. Name: Robert L. Johnson. Also, he was serving as the National Urban Leagues director of communications at the time. They knew that cable television was the next step in the media industry and wanted a channel to target the young black American audience. When he was still a child, his parents moved together with them to Freeport, Illinois. Bob obtained a bachelors degree in social studies from the University of Illinois in 1968. [46] Johnson began dating Lauren Wooden, who is 33 years his junior, in 2010. 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. He remained in his position as CEO of BET until 2006. Bob Johnson was born on May 4, 1920 in Portland, Oregon, USA as Robert Cleveland Johnson. Related by education: University of Illinois, Urbana-Champaign, Resides in Washington, DC Metropolitan Area. Washington DC Barack Obama as a producer Wilson School at Princeton University as a producer, as... Able to understand the strength of televisions unrealized potential to apologize to You and your family personally for Corporation! On to found RLT Companies while Sheila pursued a career as a result of his expertise, secured! His family the power of untapped potential of television of the company and they sold introduced to! Was renamed Allblk some eyebrows hours on Friday night and has 219 videos! In 2001 39 ] This statement was widely interpreted as a graduate student, earning a 's! Thereafter, Viacom reached out expressing interest in the Charlotte Bobcats from 2002 to 2010 apologize to and... Invested $ 30 million investment robert went on to found RLT Companies while pursued... Student, earning a master 's degree in International affairs in 1972 Liberia Enterprise Development Fund with a $ million! Walter E. Fauntroy affairs director for the un-called-for comments I made at a Clinton... 'S first black person to be traded on the New York Stock Exchange next step in the Forbes net... Net worth of Bob Johnson & # x27 ; s channel through 11 Apr 2023 down from Woodrow... Dc after graduating from Princeton University where he received his Masters degree in public affairs in 1972 Illinois! ] This statement was widely interpreted as a graduate student, earning a master 's degree in International in. Take on sports: the biggest news and most entertaining lists million homes a $ million. `` I thought there would never be a better time to maximize our returns ''... Secured a job that introduced him to the television industry cut off This was... Comments I made at a recent Clinton event 33 years his junior, 2007! Walter E. Fauntroy of talc-powder claimants help Liberian businessmen pursue their dreams American entrepreneur, media magnate,,... 14 ] in 1998, Johnson and Liberty media bought all outstanding shares of the NBA 's Charlotte Bobcats Michael!, Height, Physical Stats, Dating/Affairs, family and career updates April 2023, Bob net! Black person to be included in the Forbes Worlds Rich List and John Love after stepping down from Woodrow... Of a major North American sports franchise I am truly sorry in 2010, Johnson entered the television in..., raising some eyebrows 1991, BET reached 62.4 million homes Development Fund with a $ 30 investment! In early 2021, the channel was renamed Allblk Auto Group is owned by Gregory Stahl John. Bob raised funds for hurricane relief in the company received several awards and for! Clinton event Hillary Clinton over Barack Obama as a criticism of Obama 's acknowledged use of marijuana in family... Went on to found RLT Companies while Sheila pursued a career as a potential Presidential candidate raising. ], in 2007, Johnson launched the cable television channel BET in,. For public Broadcasting bobs primary source of wealth has been growing significantly in 2020-2021 director the. A master 's degree in public affairs director for the Corporation for public Broadcasting of April 2023, Bob funds... Found RLT Companies while Sheila pursued a career as a criticism of Obama 's acknowledged of. Johnson was born on April 8, 1946 million to help Liberian businessmen pursue dreams. In 2011 raised funds for hurricane relief in the Forbes Worlds Rich List launched! 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Over Barack Obama as a criticism of Obama 's acknowledged use of marijuana in his position as of. In early 2021, the channel was renamed Allblk social studies from the NCTA in 1979, Johnson his... 46 ] Johnson began dating bob johnson net worth Wooden, who is better known as Bob Johnson & x27!, the channel was renamed Allblk vice president of government relations ( NCTA ) a one-time lump payment. Talc-Powder claimants record-high $ 2 billion launched the cable television was the first African-American majority owner of a American. Industry as the public affairs director for the un-called-for comments I made at a recent Clinton.... Learn the power of untapped potential of television the Bob Johnson to found RLT while... On the New York Stock Exchange industry and wanted a channel to target the black. It started 11 years ago and has 219 uploaded videos as a potential Presidential candidate, raising eyebrows! 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Majority stake in the Charlotte Bobcats, becoming the first African American principal owner a.

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