So, how much is Bob Johnson worth at the age of 73 years old? According to Wikipedia, Forbes, IMDb & Various Online resources, famous Hockey Coach Bob Johnson's net worth is $1-5 Million before He died. He is from USA. [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. He was also the Director of Communications for the National Urban League. View popular celebrities life details, birth signs and real ages. In 2001, media conglomerate Viacom purchased BET for $3 billion, erasing its status as a black-owned business. 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!. $1 Billion Robert L. Johnson is the founder of Black Entertainment Television. 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. 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. Even in retirement Robert Johnson continues to serve on many boards. Will we see Jimmie Johnson in the broadcast booth, maybe owning a race team, in the future? We will update Bob Johnson's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. Butt Florence Butt founded H-E-B grocery store in Texas in 1905, which her son Howard expanded throughout the state when he took. For the first few years of Johnson's life, his father chopped and sold timber while his mother taught school in Mississippi. [3] They divorced in 2001 and have two children. Read More 10 Things You Didnt Know about Kaan SmerContinue. The comments below have been moderated in advance. Having rose into ranks as an African-American, Bob Johnson prides himself a place as one of the greatest entrepreneurs of his time. Eventually, in 1983, BET became its own full-fledged independent channel. It started 11 years ago and has 219 uploaded videos. The following year, he released a neckwear line to benefit the charity Malaria No More. "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. [11] Johnson worked as a press secretary for Congressman Walter E. He post graduated from the Princeton University. I hope that you will accept this apology. Bob Johnson, an African-American who rose through the ranks, considers himself to be one of his generation's finest entrepreneurs. RLJ Companies Following the sale of BET, Robert and Sheila divorced. Career, and More. 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. At the time, BET reached 62.4 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). Inspired by their drive, he helped create the Liberian Enterprise Development Fund. How Johnson & Johnsons Attempt At A $9 Billion Baby Powder Settlement Impacts Black Women, Progressive Brandon Johnson Elected As Chicago Mayor, Beating Paul Vallas In Crime-Focused Race, Nascar Legend Jimmie Johnson On Safety In Motorsports, His Future, Progressive Firebrand Rep. Sheila Jackson Lee Running For Houston Mayor, Jimmie Johnson, Partner At Legacy Motor Club, To Compete At Le Mans, Jimmie Johnson, Jenson Button Using NASCAR Race At COTA To Help Prepare For 24 Hours Of Le Mans. He eventually became the National Cable and Television Associations vice president of government relations (NCTA). So, how much is Bob Johnson worth at the age of 73 years old? most relevant financial events such as yearly salaries, contracts, earn outs, endorsements, stock ownership and much more. Recently, Johnson has supported President Donald Trump because he believes President Trumps administration has decreased unemployment of black Americans. his net worth has been growing significantly in 2021-2022. [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. They knew that cable television was the next step in the media industry and wanted a channel to target the young black American audience. Actor Leon Robinson, music entrepreneur L. A Reid, and Bill Clintons former Chief of Staff, Mack McLarty, were among the select attendees at the ceremony. How much did Bob Johnson weigh when playing? As a philanthropist, Johnson partnered with actor Morgan Freeman in 2011 to raise funds for hurricane preparedness in the Bahamas. Together with Morgan Freeman, Bob raised funds for hurricane preparedness in Bahamas in 2011. Learn How rich is He in this year and how He spends money? Bob Johnson is 6-4 (193 cm) tall. [4][12][13] He later became vice president of government relations at the National Cable and Television Association (NCTA). Later that year, Viacom paid $3 billion for BET, and Bob made a tidy profit on the deal. 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. Birth City: Hickory. Bob has accomplished a great deal on his own. Your email address will not be published. "The Million Dollar BET: Robert Johnson and the inside story of the Black Entertainment Television by Brett Pulley, University of Illinois at UrbanaChampaign, National Museum of African American History and Culture, "Sports of The Times; First Item for the Bobcats: Win Over the Community", "30 Years: Black Entertainment Television goes public (October 30, 1991)", "COMPANY NEWS; BLACK ENTERTAINMENT TELEVISION TO BE SOLD", "RLJ Lodging Trust Form 10-K Annual Report Filed 2013-02-28", "RLJ ENTERTAINMENT, INC. Form 10-K Annual Report Filed 2013-04-10", "KB HOME Form10-K Annual Report Filed 2013-01-18", "LOWES COMPANIES INC Form 10-K Annual Report Filed 2013-04-02", "STRAYER EDUCATION INC 10-K -20030331 EXHIBITS", "Smithsonian Picks Notable Spot for Its Museum of Black History", "US Air, Denied United Merger, to Sketch New Strategy", "Robert L. Johnson: A Business Titan Redefining Black Entrepreneurial Success", "Hilton Hotels, Corp. Form 10-K, Filed March 30, 1999", "PRO BASKETBALL; BET's Founder Wins Franchise", "BET founder Johnson awarded Charlotte franchise", "Sale of Charlotte Bobcats to Michael Jordan approved by NBA Board of Governors", "AMC Networks Invests in Robert Johnson's Streaming TV and Film Company", "Morgan Freeman and Bob Johnson: Fundraising Team", "Bob Johnson Launches Neck Tie Collection to Help Fight Malaria", "RLJ Cos., partners create $30 million Liberia fund", Drugs, Race Raised in Clinton-Obama Fight, The Hypocrisy of BET's Bob Johnson's Obama Smears, Johnson cites race in President Obama's surge, "BET founder Robert Johnson says 'I will take the devil I know,' adding he doesn't know what Biden will do", "BET founder Bob Johnson engaged to Lauren Wooden", "BET founder Bob Johnson weds Lauren Wooden at Napa Valley ceremony", Johnson Sets Sights on New Urban Cable Network, The Interviews: An Oral History of Television, How I Built This - Live Episode! In Africa, he has also formed a $30 million private equity fund. He was the first black American billionaire named by Forbes Magazine. "I was not afraid of getting my hands dirty.". Sheila Johnson cofounded cable TV channel Black Entertainment Network in 1979 with her then-husband Robert. Submit a correction suggestion and help us fix it! The Clinton campaign denied this, submitting that the comments were referring to Obama's work as a community organizer. Bob Johnson - Net Worth $600 M. Bob Johnson is the co-founder of recognized Black Cable Network, BET. Source of wealth: Microsoft. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Bob has been accorded on of the greatest philanthropist with his donations to various charity organizations including the Malaria No More in 2012. Notably, hip hop artist Nelly became a co-owner. 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. In 1991, it became the first black-owned firm to be listed on the New York Stock Exchange. However, this gig taught him many valuable lessons. "We were at $32 a share. 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. The marriage lasted until 2001 having sired two children. In 1991 BET went public and was listed on the New York Stock Exchange. The time frame for exercising those warrants is open-ended, AMC said. He bought this team in 1996 for $92 million and he is the Chairman of the Board. Eddy Lu is an American businessman and entrepreneur. He is from American. In 2014 Johnson contributed to the Malaria No More campaign, helping many countries combat and prevent the disease of Malaria. Johnson told CNN Money in 2012 that his only entrepreneurial experience was a paper route as a kid. Her Innisbrook resort in Palm Harbor, Florida, hosts an annual PGA Tour championship. Robert L. Johnson, in full Robert Louis Johnson, (born April 8, 1946, Hickory, Mississippi, U.S.), American businessman, founder of Black Entertainment Television (BET), and the first African American majority owner of a major professional sports team in the United States. BET would only air for two hours on Friday Night when it was launched in 1980. In 1972, he graduated from Princeton Universitys Woodrow Wilson School with a masters degree in public affairs. We and our partners use cookies to Store and/or access information on a device. Two years after that, it turned a profit for the first time. The pair got married in 2016 and divorced in 2020. [1][2][3][4][5][6] He is the co-founder of BET, which was acquired by Viacom in 2001. He did, however, stay on as BETs CEO until 2006. What was the Net Worth of Bob Lee? [12][14] When the network launched in 1980, it only aired for two hours on Friday night. In 1991 BET became the first black-controlled company that was listed on the NYSE. Bob Johnsons income source is mostly from being a successful Actor. Do not sell or share my personal information. He however remained CEO for BET until 2006. After earning his Masters Degree at Princeton, Robert Johnson headed to Washington DC where he was introduced to the television industry. His marriage lasted for thirty three years from 1969 to 2009. Also, he was serving as the National Urban Leagues director of communications at the time. He is the chief executive officer of a company called GOAT Group. In 2007 he visited Liberian business entrepreneurs. Johnson will succeed Lori Lightfoot, who lost her fight for reelection and was Chicagos first Black female and out gay mayor. He is a member of famous Actor with the age 73 years old group. 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