The marriage lasted until 2001, and two children were born as a result of it. Bob Johnson (right), 70, the founder of BET, wed Lauren Wooden (left), a 37-year-old international business-management doctorate student last week, The couple wed atAuberge du Soleil in California's Napa Valley in front of a 100-person guest list of famous friends. In the Major League Sports Franchise of North America, he is the first Black American as well. After earning his Masters Degree at Princeton, Robert Johnson headed to Washington DC where he was introduced to the television industry. When was Bob Johnson born? He was the former Chairman Executive Officer of Black Entertainment Television. He is not dating anyone. 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? Eddy Lu is an American businessman and entrepreneur. He excelled in school. 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. We will update Bob Johnson's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. The Johnsons made $1 billion with the deal making them the first black Americans to achieve a net worth of more than a billion dollars. We have estimated So, how much is Bob Johnson worth at the age of 73 years old? When BET went public in 1991, it became the first black-controlled company to be listed on the New York Stock Exchange. To mention but some, they include Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. [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. Bob Johnson (Weather Forecaster) birth name is Robert M Johnson. 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. 1. $1 million- $4 million USD: We know Bob Johnson is a Not Available Certified Public AccountantFormer Pulaski County Justice of the peace. We welcome all corrections and feedback using the button below. [34], In 2011, Johnson worked with Morgan Freeman to raise funds for hurricane preparedness in the Bahamas. An example of data being processed may be a unique identifier stored in a cookie. Ice hockey coach who guided college, international, and professional teams, including the Wisconsin Badgers men's hockey team from 1966 until 1982. Just a few examples are Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. In early 2021, the channel was renamed Allblk. The Forbes 400 net worth cut off this year was a record-high $2 billion. Axiom Bank N.A. It was around the same time that he worked in the office of the National Urban League as the director of communications. Robert Johnson has given back to his community, his country, and the world. In 2007 he visited Liberian business entrepreneurs. Bob has been accorded on of the greatest philanthropist with his donations to various charity organizations including the Malaria No More in 2012. BET would continue to grow over the next decade. He was born on 8th April 1946 in Hickory, Mississippi, US. Bob Johnson was born in Gary, IN. The couple were married in May 2016 at Auberge du Soleil in the Napa Valley region of California. The co-founder of the Black Entertainment Television cable network became a billionaire in 2001 when he sold BET to Viacom. Robert and Sheila founded the Black Entertainment Television network in the late 1970s with a $15,000 personal loan. Birth Country: United States. Submit a correction suggestion and help us fix it! He is a retired meteorologist and former regional television weather presenter on Tyne Tees news. "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. 590 SOURCE OF WEALTH . At the time, BET reached 62.4 million homes. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. It started 11 years ago and has 219 uploaded videos. The consent submitted will only be used for data processing originating from this website. Bob Johnson Net Worth. 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. He is an American businessman who is better known as Bob Johnson. [3][4] His mother was a schoolteacher and his father was a farmer. Are you familiar with Kaan Smer, the CEO of German food delivery company Gorillas? They married in 1969 and have two children. "[39] This statement was widely interpreted as a criticism of Obama's acknowledged use of marijuana in his youth. Bob became the first American majority owner of a major American Sports League team when he bought the Charlotte Bobcats in 2002. Also View Alvin Martins Net Worth. Farm Heroes Saga, the #4 Game on iTunes. Meanwhile, back in the television world, Johnson founded his own video-on-demand streaming service in 2014 called Urban Movie Channel. Bob Johnson Chevrolet is part of the Automobile Dealers industry, and located in New York, United States. The successful businessman has become one of the greatest entrepreneurs and philanthropists in the world. In 2003, he completed a deal with the city for a $265 million arena that was to open in time for the 2005-2006 season. Robert Johnson, founder of Black Entertainment Television (BET). 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. 1. takes a dig at rival for trying to overturn election instead of acting like a Founding Father, Horrific moment crazed Las Vegas bus passenger kills man after knifing him 33 TIMES - as driver keeps driving and stunned witnesses watch bloodbath unfold, Toddler, 3, loses half her smile after she is savaged by rescue pup that 'ate some of her face' when it attacked her while she stroked it a day after family had fostered it, Are you suffering from the 'silent thief of sight'? He was also Congressman Walter E. Fauntorys press secretary. Johnson is the only black woman to own stakes in three professional sports teams (WNBA Mystics, NBA Wizards and NHL Capitals). To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. "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. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. How Much Money Do Consumers Spend During Memorial Day? Also, he was serving as the National Urban Leagues director of communications at the time. He got his start in cable television after working in pay TV, where viewers pay through a subscription to watch a particular channel. 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. Additionally, the RLJ-AMC partnership will allow for greater investment in content from African-American creatives, Johnson emphasized. Do not sell or share my personal information. 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. 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. 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. "I always worked," he told CNN Money. In 2010, Johnson began a relationship with student Lauren Wooden, who's 33 years his junior. 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. Johnson's other philanthropic endeavors include the Liberia Enterprise Development Fund, which he founded to support entrepreneurs in Liberia. In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. 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. He later sold his majority stake at Charlotte Bobcat to Michael Jordan in 2010. He also became famous by the title First African-American Billionaire in the year 2001. When BET originally started in 1980, it only broadcast on Friday nights for two hours. have dragged Johnson's net worth to $550 million, we estimate. As a philanthropist, Johnson partnered with actor Morgan Freeman in 2011 to raise funds for hurricane preparedness in the Bahamas. BET would only air for two hours on Friday Night when it was launched in 1980. At the time, BET reached 62.4 million. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. He sold his majority stake in 2010 to Michael Jordan. [47] They married in May 2016; Greg Mathis officiated,[48] and divorced in 2020. [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. Read More 10 Things You Didnt Know About Eddy LuContinue, If youre an educator in the public or private school system, then theres a good chance that youve heard of Desmos. Learn How rich is He in this year and how He spends money? America's first black self-made millionaire has married his girlfriend of five years in front of 100 close friends in California. , money, salary, income, and assets. Read More 10 Things You Didnt Know about Kaan SmerContinue. After completing studies from Princeton University, Bob secured a job that introduced him to the television industry in Washington DC. So, how much is Bob Johnson worth at the age of 73 years old? Together with Morgan Freeman, Bob raised funds for hurricane preparedness in Bahamas in 2011. He later worked for the National Cable and Television Association (NCTA) as the vice president of government relations. Required fields are marked *. Bob Johnson is an American YouTube channel with over 178.00 subscribers. [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. His father worked as a farmer, and his mother taught. He is most known for his hosting CBS's "The Price Is Right" from 1972 all the way to 2007. He is from USA. For Black women, who were selected by J&J as the right place to sell more baby powder to, this is perhaps an opportunity for financial reciprocity. I hope that you will accept this apology. Where was Bob Johnson born? On the other hand, maybe youve never heard of the company or its venerable CEO. He has also sat on numerous boards of directors, including those of KB Home; Think Finance; Lowe's Companies; the Smithsonian Institution's National Museum of African American History and Culture; Hilton Hotels; and General Mills. Bob Johnson's income source is mostly from being a successful Player. 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. In January 1980, Black Entertainment Television started it broadcasting. Johnson married Sheila Johnson in 1969. The following year, he released a neckwear line to benefit the charity Malaria No More. 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 . The marriage lasted until 2001 having sired two children. 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. A Division of NBC Universal. most relevant financial events such as yearly salaries, contracts, earn outs, endorsements, stock ownership and much more. Robert L. Johnson is best known for co-founding the cable channel BET with his wife Sheila Johnson in 1980. $1-5million. He launched Black Entertainment Television in 1980 which late became a full-fledged channel in 1983. All net worths are calculated using data drawn from public sources. Johnson told CNN Money in 2012 that his only entrepreneurial experience was a paper route as a kid. Currently, he is the founder and also the chairman of "RLJ Development". In 2001 he became billionaire after selling the station to . He however remained CEO for BET until 2006. In 1991, it became the first black-owned firm to be listed on the New York Stock Exchange. Bob Johnson, an African-American who rose through the ranks, considers himself to be one of his generations finest entrepreneurs. BET was the first major TV network aimed towards African-Americans. Maitland, Florida, was founded by Robert Johnson, who also founded the Black Entertainment Network (BET). His net worth has been growing significantly in 2021-2022. He began dating Lauren Wooden, a 33-year-old woman, in 2010. Bob Johnson 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. "As the new majority owner of the Bobcats, his dedication will be stronger now more than ever.". "I thought there would never be a better time to maximize our returns," said Johnson at the time. . In addition to hosting one of the biggest shows on CBS, "The . Prior to this, Jordan had been a minority stakeholder. Sheila Johnson cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert. [4] He received a master's degree in public affairs from the Woodrow Wilson School at Princeton University in 1972. How tall is Bob Johnson? 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. Play it now! Estimated Net Worth in 2021. 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). Bob has accomplished a great deal on his own. Following the sale of BET, Robert and Sheila divorced. The company continued to grow. . He held onto the role of president and CEO until 2005 when Debra L. Lee took over as chief executive. He is also a majority owner of Charlotte Bobcats. 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. In 1998, Bob and Liberty Media bought all of the companys outstanding shares, giving him a 42 percent stake. [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. In 1991 BET became the first black-controlled company that was listed on the NYSE. Bob attended the University of Illinois where he graduated in 1968 with a bachelors degree in social studies. Like this story? 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. 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 . 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. Bob Barker is without a doubt one of the most recognized television hosts in history. He started dating Lauren Wooden, who was 33 years his junior, in 2010. This is called Second Act by him. Johnson became America's first black billionaire after he sold BET to Viacom for $3 billion in stock and assumed debt in 2000. Shortly thereafter, Viacom reached out expressing interest in the company and they sold. '"[44], During the 2020 election, Johnson made comments implying that he supported President Trump, stating "[w]here I come out as a businessman, I will take the devil I know over the devil I don't know anytime of the week."[45]. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. A fresh take on sports: the biggest news and most entertaining lists. 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. [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. Amy Johnson is an American journalist currently working as a News Anchor/Reporter for the . Recently, Johnson has supported President Donald Trump because he believes President Trumps administration has decreased unemployment of black Americans. Sheila Johnson went on to found Salamander Hospitality, which has a portfolio containing resorts and golf clubs. He remained in his position as CEO of BET until 2006. As of 2022, Bob Johnson's net worth is expected to be $1 billion. It was the first African American owned business to do so in the United States of America. He is a member of famous Actor with the age 73 years old group. 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. 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. 'I've found the absolute, unequivocally right person for me. Robert Johnson was the first black American to become a billionaire in the United States of America. As of 2022, Bob Johnsons net worth is expected to be $1 billion. Though he disliked waking up early in the morning, the newspapers had to be delivered between 6 - 7 a.m., which forced him to get dressed and begin work. Together, they had two children, and divorced in 2002. In 2008 he supported Hillary Clinton over Barack Obama as a potential Presidential candidate, raising some eyebrows. 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