In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. In 2008 he supported Hillary Clinton over Barack Obama as a potential Presidential candidate, raising some eyebrows. Bob Johnson - Net Worth $600 M. Bob Johnson is the co-founder of recognized Black Cable Network, BET. 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. According to reports, the estimated net worth of Bob Lee is around $10 million. Robert Johnson was born on April 8, 1946. [3][4], After graduating from Princeton, Johnson found a job in Washington, D.C., which introduced him to the television industry. Like this story? most relevant financial events such as yearly salaries, contracts, earn outs, endorsements, stock ownership and much more. [3][4] While at the University of Illinois, Johnson became a member of the Beta chapter of Kappa Alpha Psi fraternity. Her Innisbrook resort in Palm Harbor, Florida, hosts an annual PGA Tour championship. Early Life His birthplace is the United States of America. Scientists reveal the best way to eat an Oreo to make sure you get creme on BOTH sides of biscuit, Wild moment woman gets CARRIED off Frontier flight by cops at Miami airport after foul-mouthed brawl with another passenger, Harvard astronomer believes meteorite that exploded over the south Pacific in 2014 was an ALIEN PROBE - and he's launching a $1.5M mission to prove it, JP Morgan is SUED by couple who say investment bank SOLD $10m in jewelry they left in safety deposit box, Stormy Daniels says her phone records are going to HURT Trump after she handed them to her attorney - and insists she is going to have the last laugh, Is this the smoking gun? Kobe Johnson Girlfriend, Is He Married? He is also a majority owner of Charlotte Bobcats. 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! Since then, sagging Viacom and CBS stock, plus investments in real estate, hotels and banks . Out of the 2,043 people who appear on the 2017 Forbes list of billionaires, only three are African-American: Oprah Winfrey, Robert Smith and Michael Jordan. [4][12][13] In 1980, Johnson launched Black Entertainment Television, which became a full-fledged channel in 1983. Robert Johnson has been involved in American politics through most of his career. Farm Heroes Saga, the #4 Game on iTunes. Bob Johnson net worth 2023, age, height, wife, girlfriend, kids, biography, wiki. , money, salary, income, and assets. Peyush Bansal is an Indian entrepreneur. He is best known as the creator and host of The Joy, Read More 20 Bob Ross Quotes That Apply to BusinessContinue. He later worked for the National Cable and Television Association (NCTA) as the vice president of government relations. The agreement called for AMC to provide RLJ with a $60 million loan on a seven-year term and $5 million on a one-year term. Additionally, the RLJ-AMC partnership will allow for greater investment in content from African-American creatives, Johnson emphasized. In 2006 Johnsons RLC Companies partnered with Harvey Weinstein to create Our Story Films. 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. 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 eventually became the National Cable and Television Associations vice president of government relations (NCTA). Following his graduation from Princeton, Johnson entered the television industry as the public affairs director for the Corporation for Public Broadcasting. In 1972, he graduated from Princeton Universitys Woodrow Wilson School with a masters degree in public affairs. He started dating Lauren Wooden, who was 33 years his junior, in 2010. 85% of Americans use AI in some capacity, from rideshare apps like Uber and Lyft, to digital voice assistants like Siri and Alexa. "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. He was the former Chairman Executive Officer of Black Entertainment Television. Here is the richest billionaire in every state; net worths are as of March 18, 2020. Bill Gates. His marriage lasted for thirty three years from 1969 to 2009. He has served on the board of directors at various organizations and firms. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Revolving Rose Net Worth, Bio, Early Life,, Ellora Patnaik Net Worth, Bio, Early Life,, Amanda Leah Brown Net Worth, Bio, Early. 1. 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. 'I've found the absolute, unequivocally right person for me. For his contributions to many charity organizations, notably Malaria No More in 2012, Bob was voted one of the greatest philanthropists. All Rights Reserved. Save my name, email, and website in this browser for the next time I comment. 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Reid, and Mack McLarty, Bill Clintons former Chief of Staff. His net worth has been growing significantly in 2021-2022. As Black History Month comes to a close, here are five things to know about him: Johnson created BET, a prominent cable station targeted toward an African-American audience, in 1980. Robert Johnson has not limited his business investments to the television industry. . Meanwhile, back in the television world, Johnson founded his own video-on-demand streaming service in 2014 called Urban Movie Channel. Bob Johnson Net Worth. [3][9][12][14] He remained BET CEO until 2006. Bob Johnson's net worth Some of our partners may process your data as a part of their legitimate business interest without asking for consent. [17], By January 2009, Ion Media had another subchannel network, Urban TV, in the works with him targeted to African-Americans. At the time, BET reached 62.4 million homes. The first cable channel aimed exclusively at African-Americans, it originally aired for only two hours on Friday nights. "We were at $32 a share. Birth Year: 1946. He was born on 8th April 1946 in Hickory, Mississippi, US. America's first black self-made millionaire has married his girlfriend of five years in front of 100 close friends in California. Mr. Johnson owns over 250 units of Roper Technologies Inc stock worth over $2,753,418 and over the last 19 years he sold ROP stock worth over $10,808,423. Where was Bob Johnson born? [12][14] When the network launched in 1980, it only aired for two hours on Friday night. He also became famous by the title First African-American Billionaire in the year 2001. Formula One World Champion Jenson Button will also be making his NASCAR Cup Series debut as both drivers prepare for this year's 24 Hours of Le Mans. He was the former Chairman Executive Officer of Black Entertainment Television. 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. James Cameron; March 20, 2023; 0; Pat Schroeder Cause of Death, How did She passed on? Robert Nutting - Pittsburgh Pirates- $1.1 Billion Robert Nutting was born in Wheeling, West Virginia, on March 29, 1962. In 2012, he released a neckwear line in collaboration with The Ella Rose Collection and PVH to support the organization, Malaria No More. "I always worked," he told CNN Money. Courtesy of H-E-B Net worth: $11 billion Source of wealth: H.E. Today, Johnson is the owner and chairman of asset management firm RLJ companies, which he founded in 2004. Birth Country: United States. He excelled in school. He is also the first African American principal owner of a major North American sports franchise. The first African-American-targeted cable network was Black Entertainment Television (BET). Robert Johnson would stay on as CEO of BET for the next three years. How Much Money Do Consumers Spend During Memorial Day? Together, they had two children, and divorced in 2002. Robert Johnson Net worth: $550 Million - BET Founder Robert Johnson comes in third on this year's list. The principal source of wealth of Bob Johnson has come from a range of high-return investments. He got married to Sheila Johnson in 1969. According to the agreement, AMC will use its programming and distribution clout to benefit Acorn and UMC. [3][4] Johnson graduated from the University of Illinois in 1968 with a bachelor's degree in social studies. Just a few examples are Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. 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. This is called Second Act by him. In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange. [8] He became the first African-American billionaire in 2001. Butt Florence Butt founded H-E-B grocery store in Texas in 1905, which her son Howard expanded throughout the state when he took. In January 1980, Black Entertainment Television started it broadcasting. 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. $1 Billion Robert L. Johnson is the founder of Black Entertainment Television. He launched Black Entertainment Television in 1980 which late became a full-fledged channel in 1983. Will we see Jimmie Johnson in the broadcast booth, maybe owning a race team, in the future? Robert Johnson would stay on as CEO of BET for the next three years. Johnson's parents enrolled her in an all-white school in early 1950s Kentucky before desegregation was federally mandated. RLC Companies is a Holding Company and Asset Management Firm. The successful businessman has become one of the greatest entrepreneurs and philanthropists in the world. Robert and Sheila Johnson were married from 1969-2002. [8][31][32] In 2010, Johnson sold his majority stake in the Charlotte Bobcats to Michael Jordan. Much of the money raised in the public offering was used to pay off debt and buy back stocks that were owned by another media conglomerate, Great American Broadcasting. 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