Eddy Lu is an American businessman and entrepreneur. Bob Johnson's income source is mostly from being a successful Actor. Johnson married Sheila Johnson in 1969. Birth Year: 1946. How old is Bob Johnson? AMC has received warrants to purchase at least 20 million shares or the equivalent of 50.1% of the company. 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. In 2002 he purchased the NBA's Charlotte Bobcats, becoming the first African-American majority owner of a major American sports team. 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. Bob Johnson was born on April 8, 1946, and as of 2022, he is 76 years old. 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. Robert L. Johnson is an American businessman, executive and investor who has a net worth of $650 million. Gender: Male. He went on to Princeton University where he received his Masters Degree in International Affairs in 1972. 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. She also became involved in sports team ownership, with stakes in the NHL's Washington Capitals, the NBA's Washington Wizards, and the WNBA's Washington Mystics. Johnson became the first black majority owner of an NBA team with the purchase of the Charlotte Bobcats. Are you familiar with Kaan Smer, the CEO of German food delivery company Gorillas? As a result of his expertise, Bob was able to understand the strength of televisions unrealized potential. Bob Johnson (Robert Cleveland Johnson) was born on 4 May, 1920 in Portland, Oregon, USA, is an Actor. [1][2][3][4][5][6] He is the co-founder of BET, which was acquired by Viacom in 2001. 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'? When he was still a child, his parents moved together with them to Freeport, Illinois. [4][12][13] He later became vice president of government relations at the National Cable and Television Association (NCTA). Through the experience, Bob was able to learn the power of untapped potential of television. In 2011, Bob and Morgan Freeman raised donations for hurricane relief in the Bahamas. [3] He was an honors student in high school. 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. [3][4] His mother was a schoolteacher and his father was a farmer. He has served on the board of directors at various organizations and firms. Bob Johnson weighed 262 lbs (118 kg) when playing. Bob Johnson is 6-4 (193 cm) tall. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. He is an American businessman who is better known as Bob Johnson. 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? In the process, he became the first majority African-American owner of any major professional sports team in the US since the Negro leagues. "We were at $32 a share. How much did Bob Johnson weigh when playing? Johnson is the only black woman to own stakes in three professional sports teams (WNBA Mystics, NBA Wizards and NHL Capitals). 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. Robert and Sheila Johnson were married from 1969-2002. 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. He is from USA. 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. His parents eventually moved to Illinois in search of a better life and soon found factory jobs in a working-class town. He was the former Chairman Executive Officer of Black Entertainment Television. This is called Second Act by him. Here is the richest billionaire in every state; net worths are as of March 18, 2020. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Courtesy of H-E-B Net worth: $11 billion Source of wealth: H.E. Amy Johnson KCBS/KCAL, Bio, Wiki, Age, Family, Children, Height, Salary, and Net Worth. He has also made a private equity fund in Africa valued at $30million. Robert L. Johnson is best known for co-founding the cable channel BET with his wife Sheila Johnson in 1980. Robert Johnson was the first black American to become a billionaire in the United States of America. In 2001, he was named Americas first billionaire, with his companies counting among the most prominent African-American businesses in the early twenty-first and late twentieth centuries. Robert Nutting - Pittsburgh Pirates- $1.1 Billion Robert Nutting was born in Wheeling, West Virginia, on March 29, 1962. He eventually became the National Cable and Television Associations vice president of government relations (NCTA). It expanded in both the traditional and digital markets. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. Bob Johnson was born in Aurora, IL. 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. 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. Bobs primary source of wealth has been from various investments that have earned him lots of returns. Principal owner: John W. Henry Net worth: $2.6 billion (2020) Purchase price: $380 million (2002) Current franchise valuation: $3.4 billion Value appreciation: 796% Annualized appreciation:. When BET was bought by Viacom, he made an asset sale of $3million in 2001. His father worked as a farmer, and his mother taught. Should You Buy The Botox Maker Over Johnson & Johnson Stock? For example, as we've pointed out, Buffett is the second wealthiest American and the fourth wealthiest person in the world.) The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. 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. In 1991, BET became the first black-owned company to be traded on the New York Stock Exchange, according to CNN Money. $1 million- $4 million USD: We know Bob Johnson is a Not Available Certified Public AccountantFormer Pulaski County Justice of the peace. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. Related by education: University of Illinois, Urbana-Champaign, Resides in Washington, DC Metropolitan Area. [3][9][12][14] He remained BET CEO until 2006. An example of data being processed may be a unique identifier stored in a cookie. We and our partners use cookies to Store and/or access information on a device. He also became famous by the title First African-American Billionaire in the year 2001. Five years later she agreed. He got married to Sheila Johnson in 1969. 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. In 1969, Johnson wed his wife Sheila Johnson, with whom he co-founded BET. The World's Most Entertaining Car Website, Princeton University (1972), University of Illinois at Urbana-Champaign (1968), Woodrow Wilson School of Public and International Affairs, Greys Anatomy Star Kate Walsh Unintentionally Revealed That Shes Engaged To Her Partner Andrew Nixon, Kim Kardashians $150 Million Private Jet Has Strict Rules, Adam Levine Returns To Stage After Cheating Allegations, Tiffany Haddishs Lawsuit Was Dropped, But Her Career Is Totally Over, Here's How Jon Hamm Built His $45 Million Empire, A Peek Inside King Charles III's Luxurious Watch Collection, Kanye Hires Melinda Gates Divorce Lawyer To Fight Kim Kardashian, Poppy Montgomery Sued $48,000 By Former House Helper For Unpaid Wages, Chris DElia Hit With Temporarily Restraining Order By The Woman He Adamantly Denies He Ever Met. Estimated Net Worth in 2021. On April 8, 1946, in Hickory, Mississippi, Bob was the ninth of ten children born to Archie JOHNSON and Edna Johnson. "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! 11 billion source of wealth has been from various investments that have earned him lots of returns known... 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