What is Bob Johnson's net worth? In this position is where he learned of the power and untapped potential of television. Gender: Male. After all, at the beginning of his career, he was the Press Secretary for the controversial Presidental candidate Walter E. Fauntroy. He also went on to say "I make a joke about Obama doing drugs [and it's] 'Oh my God, a black man tearing down another black man. But it wasn't the first time Johnson proposed to Wooden. 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 (actor) Net Worth. Bob Johnson is 76 years old. He launched Black Entertainment Television (BET) in 1980. His net worth has been growing significantly in 2020-2021. Maitland, Florida, was founded by Robert Johnson, who also founded the Black Entertainment Network (BET). Robert Johnson has not limited his business investments to the television industry. It expanded in both the traditional and digital markets. His net worth has been growing significantly in 2022-2023. Q5. All Rights Reserved. As the Executive Chairman of the RLJ Board of Trustees, he receives $2.54 million. In 2000, he became the first African-American billionaire after selling the network. Best remembered by the public as the voice on the tape recorder giving Jim Phelps his mission on "Mission: Impossible" (1966) and "Mission: Impossible" (1988). Robert L. Johnson is the founder of Black Entertainment Television. I'm writing to apologize to you and your family personally for the un-called-for comments I made at a recent Clinton event. Although he says his family was not exceptionally poor, Johnson frequently joked that he had to push his way to the dinner table "to get his fair share," according to the Washington Post. 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. Following the sale of BET, Robert and Sheila divorced. Monthly Income/Salary (approx.) 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. In 2010, Johnson began a relationship with student Lauren Wooden, who's 33 years his junior. [3][9][12][14] He remained BET CEO until 2006. He stands 1.7 meters tall and weighs 79 kilograms. [3][4] Johnson graduated from the University of Illinois in 1968 with a bachelor's degree in social studies. 5. He was an actor, known for Mission: Impossible (1988), The Outer Limits (1963) and Bad Girls for the Boys (1966). He was the former Chairman Executive Officer of Black Entertainment Television. Continue with Recommended Cookies, Your email address will not be published. Inspired by their drive, he helped create the Liberian Enterprise Development Fund. He is a businessman and the owner of the Pittsburgh Pirates. According to her records, Lauren was pursuing a doctorate in international business management in Paris. his net worth has been growing significantly in 2021-2022. Since then, sagging Viacom and CBS stock, plus investments in real estate, hotels and banks . Should You Buy The Botox Maker Over Johnson & Johnson Stock? An example of data being processed may be a unique identifier stored in a cookie. Viacom bought it for $3 billion in 2001. BET launched in 1980 just a few hours of airtime a week. Do not sell or share my personal information. Bob Johnson's income source is mostly from being a successful Player. Revolving Rose Net Worth, Bio, Early Life,, Ellora Patnaik Net Worth, Bio, Early Life,, Amanda Leah Brown Net Worth, Bio, Early. "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. Following his graduation from Princeton, Johnson entered the television industry as the public affairs director for the Corporation for Public Broadcasting. Bob graduated in 1968 from the University of Illinois. . According to reports, the estimated net worth of Bob Lee is around $10 million. It was around the same time that he worked in the office of the National Urban League as the director of communications. "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! He got his start in cable television after working in pay TV, where viewers pay through a subscription to watch a particular channel. When was Bob Johnson born? His marriage lasted for thirty three years from 1969 to 2009. Where was Bob Johnson born? The Bob Johnson Auto Group is owned by Gregory Stahl and John Love. Later in 2001, Viacom acquired BET for $3 billion where Bob earned over $1 billion from the sale. 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. Even in retirement Robert Johnson continues to serve on many boards. In the spring of 1980, Johnson took out a $15,000 loan and set out to launch his own business. 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. 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He is not dating anyone. The Forbes billionaires list currently includes media mogul Oprah Winfrey, who made her debut in 2003 and has an estimated net worth of $2.8 billion, former basketball player Michael Jordan, worth $1.7 billion, who joined the list in 2014, and investor Robert Smith, who became a billionaire in 2015 and is worth $4.4 billion. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Axiom Bank N.A. 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. According to our Database, He has no children. Eventually, in 1983, BET became its own full-fledged independent channel. In January 1980, Black Entertainment Television started it broadcasting. 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 achieved billionaire status with the sale of BET to Viacom for $3 billion in 2000. Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. He started Black Entertainment Television in 1980, which grew into a full-fledged station in 1983. "I always worked," he told CNN Money. So, how much is Bob Johnson worth at the age of 73 years old? We recommend you to check the complete list of Famous People born on 4 May. Additionally, the RLJ-AMC partnership will allow for greater investment in content from African-American creatives, Johnson emphasized. Butt Florence Butt founded H-E-B grocery store in Texas in 1905, which her son Howard expanded throughout the state when he took. Bob Johnson Chevrolet Location 1271 Ridge Rd W, Rochester, New York, 14615, United States Description Read More Industry Motor Vehicle Dealers Retail Discover more about Bob Johnson Chevrolet Greg Stahl Work Experience and Education Education How Much Money Do Consumers Spend During Memorial Day? 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. Robert Johnson Net worth: $550 Million - BET Founder Robert Johnson comes in third on this year's list. [14][15] This purchase gave Johnson 42% of the company. Currently, he is running Lenskart, which is an Indian retail chain that sells prescription eyewear. ': Trump issues ANOTHER threat and tells 'Soros-backed animal' Alvin Bragg to drop the case - as grand jury is cancelled for the rest of the week and questions grow about looming indictment, DeSantis' Ukraine u-turn: Florida Governor now says his 'territorial dispute' comments were 'mischaracterized', calls Putin a war criminal and says Russia is 'basically a gas station with a nuclear weapons', DeSantis says Trump should've given up power like George Washington after election loss and January 6: Florida Gov. John Love butt Florence butt founded H-E-B grocery store in Texas in 1905, which is an American YouTube with... Even in retirement Robert Johnson has not limited his business investments to the Television industry he worked in spring... Traditional and digital markets ; s income source is mostly from being a successful Player,! Founded by Robert Johnson continues to serve on many boards RLJ-AMC partnership allow... 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