bob johnson net worthbob johnson net worth

In 2011, Bob and Morgan Freeman raised donations for hurricane relief in the Bahamas. In 2002 he purchased the NBA's Charlotte Bobcats, becoming the first African-American majority owner of a major American sports team. We have estimated Bob Johnson's net worth , money, salary, income, and assets. 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. As of 2022, Bob Johnson's net worth is expected to be $1 billion. Also, he was serving as the National Urban Leagues director of communications at the time. RLC Companies is a Holding Company and Asset Management Firm. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. Jimmie Johnson returns to the drivers seat in the No. We are no longer accepting comments on this article. He also owns over 13,755 units of RLJ Lodging Trust Stock. 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.' Robert and Sheila founded the Black Entertainment Television network in the late 1970s with a $15,000 personal loan. As the Executive Chairman of the RLJ Board of Trustees, he receives $2.54 million. The company continued to grow. A year later Johnson hit the Forbes 400 "Richest Americans" list with a net worth of $1.3 billion. 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. This is called Second Act by him. Like CNBC Make It on Facebook. [3][7] Johnson is the former majority owner of the Charlotte Bobcats. He was the former Chairman Executive Officer of Black Entertainment Television. She would receive a large share of BET and the couples other assets. The Forbes 400 net worth cut off this year was a record-high $2 billion. How much did Bob Johnson weigh when playing? 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. He sold his majority stake in 2010 to Michael Jordan. Robert Johnson was the first black American to become a billionaire in the United States of America. Robert Johnson has been involved in American politics through most of his career. [3][4] His mother was a schoolteacher and his father was a farmer. 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. Bob Johnson was born in Gary, IN. Together, they had two children, and divorced in 2002. Bob Johnson's income mostly comes from and basic source was being a successful American actor and voice actor (1920-1993). We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. 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. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! Sheila Johnson cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert. Discover Bob Johnson's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Robert Johnson Net worth: $550 Million - BET Founder Robert Johnson comes in third on this year's list. So, how much is Bob Johnson worth at the age of 73 years old? His father was a farmer while his mother was a school teacher. [17], By January 2009, Ion Media had another subchannel network, Urban TV, in the works with him targeted to African-Americans. While . Bio. 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. Your email address will not be published. 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. In Africa, he has also formed a $30 million private equity fund. [8][31][32] In 2010, Johnson sold his majority stake in the Charlotte Bobcats to Michael Jordan. Bob Johnson weighed 220 lbs (99 kg) when playing. [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. The Black Entertainment Television (BET) was a first of its kind cable aimed at African-Americans. In 2012, he released a neckwear line in collaboration with The Ella Rose Collection and PVH to support the organization, Malaria No More. Bob has been accorded on of the greatest philanthropist with his donations to various charity organizations including the Malaria No More in 2012. $1 million- $4 million USD: We know Bob Johnson is a Not Available Certified Public AccountantFormer Pulaski County Justice of the peace. Bob Johnson has a net worth of $1 Billion. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. It was the first African American owned business to do so in the United States of America. Johnson is the only black woman to own stakes in three professional sports teams (WNBA Mystics, NBA Wizards and NHL Capitals). Johnson was born in 1946 in Hickory, Mississippi, the ninth out of ten children to Edna and Archie Johnson. [4][12] BET first turned a profit in 1985 and it became the first black-controlled company listed on the New York Stock Exchange in 1991. 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. Bob Johnson was born on August 19, 1946. In 2001 he became billionaire after selling the station to . Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. When BET went public in 1991, it became the first black-controlled company to be listed on the New York Stock Exchange. Name: Robert L. Johnson. This site uses Akismet to reduce spam. [1][2][3][4][5][6] He is the co-founder of BET, which was acquired by Viacom in 2001. As a result of his expertise, Bob was able to understand the strength of televisions unrealized potential. [3][4] Johnson graduated from the University of Illinois in 1968 with a bachelor's degree in social studies. He is the founder of RLJ Companies which invests in different business sector and also co-founder of BET which was later acquired by Viacom in 2001. A Los Angeles based movie company called Our Stories Films has been founded by Johnson in the year 2006. 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 . While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Bob found a position in Washington, DC after graduating from Princeton University, which introduced him to the television industry. [3][4] While at the University of Illinois, Johnson became a member of the Beta chapter of Kappa Alpha Psi fraternity. 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. He is best known as the creator and host of The Joy, Read More 20 Bob Ross Quotes That Apply to BusinessContinue. Davis and XTO Energy founder Bob Simpson led a group of investors who backed Nolan Ryan to buy the Texas Rangers . Johnson became the first black majority owner of an NBA team with the purchase of the Charlotte Bobcats. He held onto the role of president and CEO until 2005 when Debra L. Lee took over as chief executive. TikTokers create water cocktails using syrups and powdered flavorings to create drinks like unicorn water, wedding cake water and pia colada water. [9][1][10] Johnson's companies have counted among the most prominent African-American businesses in the late twentieth and early twenty-first centuries. The wedding, the second for both, took place in front of a host of famous faces, including music executive L.A. Reid, actor Leon Robinson and former Clinton chief of staff Mack McLarty, at the Auberge du Soleil. Robert L. Johnson is the founder of Black Entertainment Television. However, from the sale, Johnson became the first African-American billionaire in history. 85% of Americans use AI in some capacity, from rideshare apps like Uber and Lyft, to digital voice assistants like Siri and Alexa. These include Lowes Company and the Smithsonian Institutions National Museum of African American History and Culture. A fresh take on sports: the biggest news and most entertaining lists. He was born on 8th April 1946 in Hickory, Mississippi, US. Ice hockey coach who guided college, international, and professional teams, including the Wisconsin Badgers men's hockey team from 1966 until 1982. Submit a correction suggestion and help us fix it! Prior to this, Jordan had been a minority stakeholder. , money, salary, income, and assets. [11] Johnson worked as a press secretary for Congressman Walter E. Discover today's celebrity birthdays and explore famous people who share your birthday. He later sold his majority stake at Charlotte Bobcat to Michael Jordan in 2010. Robert Johnson came from humble beginnings. When was Bob Johnson born? Johnson will succeed Lori Lightfoot, who lost her fight for reelection and was Chicagos first Black female and out gay mayor. Bob Johnson later ventured into hotel real estate investment, private equity , financial services, asset management, automobile dealership , entertainment and sports, and video lottery terminal gaming through a singular holdings company outfit; The RLJ Companies, headquartered in Bethesda, Maryland. He was also Congressman Walter E. Fauntorys press secretary. Eddy Lu is an American businessman and entrepreneur. Net Worth: $750 Million Date of Birth: Jan 25, 1949 (74 years old) Place of Birth: McKeesport Gender: Female Profession: Businessperson, Film Producer, TV Program Creator Nationality: United. After earning his Masters Degree at Princeton, Robert Johnson headed to Washington DC where he was introduced to the television industry. An example of data being processed may be a unique identifier stored in a cookie. 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. In 1972, he graduated from Princeton Universitys Woodrow Wilson School with a masters degree in public affairs. He is from Minnesota. He was an actor, known for Mission: Impossible (1988), The Outer Limits (1963) and Bad Girls for the Boys (1966). When was Bob Johnson born? Bob Johnson - Net Worth $600 M. Bob Johnson is the co-founder of recognized Black Cable Network, BET. Fauntroy. Bob Johnson, an African-American who rose through the ranks, considers himself to be one of his generation's finest entrepreneurs. Just a few examples are Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. Birth City: Hickory. He also put $30 million into the Liberia Enterprise Development Fund, a seed fund for Liberians. Bob Johnsons income source is mostly from being a successful Actor. Letter from Michael Cohen claiming Trump did NOT reimburse him for hush money paid to Stormy Daniels appears to fly in face of his grand jury testimony, Trump breaks cover for a round of golf as Alvin Bragg 'struggles' to convince grand jury to charge him with 'weak' case' that has split the DA's office: Panel probing Stormy Daniels payment reconvenes tomorrow, 'They tell us to be peaceful! . 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. The below financial data is gathered and compiled by TheRichest analysts team to give you a better understanding of Bob Johnson Net Worth by breaking down the Robert and Sheila Johnson were married from 1969-2002. View popular celebrities life details, birth signs and real ages. The following year, he released a neckwear line to benefit the charity Malaria No More. The first cable channel aimed exclusively at African-Americans, it originally aired for only two hours on Friday nights. Robert Johnson, founder of Black Entertainment Television (BET). Bob Johnson has a net worth of $1 Billion. Learn how your comment data is processed. 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. 2005 when Debra L. Lee took over as chief Executive examples are Strayer Education, Lowes Companies Inc, Home., a seed fund for Liberians born on August 19, 1946 his donations various... Education, Lowes Companies Inc, KB Home, and assets year 2006 [ 4 ] Johnson is former. Result of his career introduced to the Television industry net worth is expected be! 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