For the first few years of Johnson's life, his father chopped and sold timber while his mother taught school in Mississippi. Robert went on to found RLT Companies while Sheila pursued a career as a producer. It became the first black-controlled company in 1991 to be listed on the New York Stock Exchange. So, how much is Bob Johnson worth at the age of 73 years old? In 2001, media conglomerate Viacom purchased BET for $3 billion, erasing its status as a black-owned business. Bill Gates. By 1983 BET was a full-fledged cable network averaging a half million viewers a week. his net worth has been growing significantly in 2021-2022. The job also taught him to run his own business (he had to sell subscriptions), how to deal with rejection and how to finish what he started. Robert and Sheila founded the Black Entertainment Television network in the late 1970s with a $15,000 personal loan. He also became famous by the title First African-American Billionaire in the year 2001. "[39] This statement was widely interpreted as a criticism of Obama's acknowledged use of marijuana in his youth. $866. The studios and the writers can find valuable takeaways from the 2007-'08 strike, including being aware and wary of new technology and keeping an eye on public opinion. Like CNBC Make It on Facebook. What is Bob Johnson's net worth? Bob Johnson is an American YouTube channel with over 178.00 subscribers. BET was acquired by Viacom in 2000 for $3 billion. Good luck on the campaign trail. What is Cash App all about? Continue with Recommended Cookies, Your email address will not be published. He later returned to the television industry to become the vice president of government relations at the National Cable and Television Association. Currently, there is a lot of positive discussion and criticism about him. Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. How many car dealerships does Bob Johnson own? Bob and Lauren married in May 2016 at Auberge Du Soleil in Napa Valley region of California where Greg Mathis officiated. Courtesy of H-E-B Net worth: $11 billion Source of wealth: H.E. We ended up buying the company back at $62 a share.". Being born on 8 April 1946, Bob Johnson is 77 years old as of todays date 18th April 2023. 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. His net worth has been growing significantly in 2022-2023. Axiom Bank N.A. 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. Play it now! BET launched in 1980 just a few hours of airtime a week. 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!. As a philanthropist, Johnson partnered with actor Morgan Freeman in 2011 to raise funds for hurricane preparedness in the Bahamas. Published: 10:08 EDT, 14 May 2016 | Updated: 00:10 EDT, 11 February 2018. [3][4] Johnson graduated from the University of Illinois in 1968 with a bachelor's degree in social studies. Bob Johnson net worth and salary: Bob Johnson is a Hockey Coach who has a net worth of $550 million. In Africa, he has also formed a $30 million private equity fund. After earning his Masters Degree at Princeton, Robert Johnson headed to Washington DC where he was introduced to the television industry. Bob Johnson estimated Net Worth is $1 million- $4 million USD. He started dating Lauren Wooden, who was 33 years his junior, in 2010. Bob and Liberty Media bought all outstanding shares of the company in 1998, a purchase that earned him 42% of the company. 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. According to reports, the estimated net worth of Bob Lee is around $10 million. Bob graduated in 1968 from the University of Illinois. As of 2013, Johnson was a member of the board of directors for RLJ Lodging Trust, RLJ Entertainment, Inc., KB Home, Lowe's Companies, Inc., Strayer Education, Think Finance, Inc., NBA Board of Governors, The Business Council, and the Smithsonian Institution's National Museum of African American History and Culture. Robert Johnson has been involved in American politics through most of his career. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. [1][2][3][4][5][6] He is the co-founder of BET, which was acquired by Viacom in 2001. He subsequently attended Princeton University as a graduate student, earning a master's degree in public affairs in 1972. In 1969, Johnson wed his wife Sheila Johnson, with whom he co-founded BET. We will update Bob Johnson's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. Notably, hip hop artist Nelly became a co-owner. Francesco Molinari Net Worth: $20 Million Teeing off in twenty-fifth place is Francesco Molinari. He was the former Chairman Executive Officer of Black Entertainment Television. The first cable channel aimed exclusively at African-Americans, it originally aired for only two hours on Friday nights. Prior to this, Jordan had been a minority stakeholder. Today, Johnson is the owner and chairman of asset management firm RLJ companies, which he founded in 2004. Brother-in-law of Colorado dentist charged with poisoning wife comes face-to-face with accused killer as he's arraigned in court, New Orleans Mayor LaToya Cantrell's bodyguards say they had to hold her purse, do her shopping and take her daughter to the HAIRDRESSERS - as effort to recall Dem lawmaker fails, Twist or pull? He was the first black person to be included in the Forbes Worlds Rich List. Robert Johnson met Sheila Crump while students at the University of Ilinois. 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. 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 also invested a $30 million starting amount fund for Liberian Entrepreneurs, called Liberia Enterprise Development Fund. He made an $8.1 million profit on the sale of RLJ stock. Since then, sagging Viacom and CBS stock, plus investments in real estate, hotels and banks . Following the sale of BET, Robert and Sheila divorced. $1-5million. "We were at $32 a share. [3][16] The RLJ Companies is headquartered in Bethesda, Maryland. There, he learned both the business and technological side of television. 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. Here's what it says about your health, Body of San Francisco DJ Jeffrey 'JV' Vandergrift is found floating off San Francisco pier a month after he vanished, 'I've known him 20 years and to see him here with what he's been accused of - it's hard to reconcile.' In 2010, following the Bobcats' first-ever winning season, Johnson sold his majority stake in the team to Michael Jordan. Bob Johnson weighed 220 lbs (99 kg) when playing. The couple were married in May 2016 at Auberge du Soleil in the Napa Valley region of California. Bob Johnson was born in Gary, IN. He is a principal owner of the Charlotte Bobcats. He went on to Princeton University where he received his Masters Degree in International Affairs in 1972. Six years later, Johnson and his business partner offered $300 million to buy back the 35 percent stock they didn't already own, making the company private once again. Operated by AMC Networks, it was created to offer original films and television series aimed at African-American audiences. [39][40] Johnson said, "As an African-American, I'm frankly insulted that the Obama campaign would imply that we are so stupid that we would think Bill and Hillary Clinton, who have been deeply and emotionally involved in black issues when Barack Obama was doing something in the neighborhood that I won't say what he was doing, [but] he said it in his book. I was not afraid of getting my hands dirty. When he was a kid, he moved with his family to Freeport, Illinois. Save my name, email, and website in this browser for the next time I comment. In 1972, he obtained a masters degree in public affairs from the Woodrow Wilson School at Princeton University. The estimated Net Worth of Robert D Johnson is at least $14.3 Million dollars as of 1 December 2022. 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. How Much Money Do Consumers Spend During Memorial Day? The successful businessman has become one of the greatest entrepreneurs and philanthropists in the world. Viacom bought it for $3 billion in 2001. Bob Johnson was born on April 25, 1943. Bob became the first American majority owner of a major American Sports League team when he bought the Charlotte Bobcats in 2002. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Robert Johnson came from humble beginnings. Wooden was pursuing an International Business Management doctorate in Paris when they met. When BET was bought by Viacom, he made an asset sale of $3million in 2001. When BET went public in 1991, it became the first black-controlled company to be listed on the New York Stock Exchange. 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 Forbes 400 net worth cut off this year was a record-high $2 billion. The channel expanded considerably over the subsequent years, launching digital cable networks and, in a joint venture with Starz, a multiplex service. Jimmie Johnson returns to the drivers seat in the No. Through the experience, Bob was able to learn the power of untapped potential of television. Together, they had two children, and divorced in 2002. 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