[33], In 2016, Johnson finalized a partnership agreement with AMC Networks through his RLJ Company after launching his own video on demand streaming service Urban Movie Channel in 2014. This site uses Akismet to reduce spam. Having rose into ranks as an African-American, Bob Johnson prides himself a place as one of the greatest entrepreneurs of his time. The company continued to grow. The Johnson family moved to Freeport, Illinois when Robert was young. Butt Florence Butt founded H-E-B grocery store in Texas in 1905, which her son Howard expanded throughout the state when he took. Robert went on to found RLT Companies while Sheila pursued a career as a producer. Like this story? '"[44], During the 2020 election, Johnson made comments implying that he supported President Trump, stating "[w]here I come out as a businessman, I will take the devil I know over the devil I don't know anytime of the week."[45]. 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. So, how much is Bob Johnson worth at the age of 73 years old? But soon enough, it started growing. Robert Johnson came from humble beginnings. In 2002 the Johnsons sold BET to Viacom for nearly $3 billion. The jaw-dropping proposal included an ice sculpture of the Eiffel Tower,a shower of rose petals, a bottle of Dom Perignon, following a private after-hours tour and dinner at the Musee Rodin. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. She is CEO of Salamander Hotels and Resorts and owner of Salamander Innisbrook Resort and Golf Club in Palm Harbor. How much did Bob Johnson weigh when playing? Birth Country: United States. AMC has received warrants to purchase at least 20 million shares or the equivalent of 50.1% of the company. "I was not afraid of getting my hands dirty.". In 1969, Bob married Sheila Johnnson. Sheila Johnson went on to found Salamander Hospitality, which has a portfolio containing resorts and golf clubs. Bob Johnson Net Worth. Johnson created a line of neckties which proceeds would be donated for the cause. Submit a correction suggestion and help us fix it! 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. As the company has since taken a plunge in value, Johnson's net worth has dropped to $550 million, Forbes reported. When he was still a child, his parents moved together with them to Freeport, Illinois. Just a few examples are Strayer Education, Lowes Companies Inc, KB Home, and the NBA Board of Governors. Bob Johnson has a net worth of $1 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 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. He is from USA. Bob has achieved much in his right. Bob Johnson was born on April 25, 1943. How many car dealerships does Bob Johnson own? The principal source of wealth of Bob Johnson has come from a range of high-return investments. In 1998, Bob and Liberty Media bought all of the companys outstanding shares, giving him a 42 percent stake. The couple were married in May 2016 at Auberge du Soleil in the Napa Valley region of California. He made an $8.1 million profit on the sale of RLJ stock. [2][3] He also founded RLJ Companies, a holding company that invests in various business sectors. Name: Robert L. Johnson. Eulogy. Bob Johnson (Weather Forecaster) birth name is Robert M Johnson. Save my name, email, and website in this browser for the next time I comment. Bob Johnson was born on May 4, 1920 in Portland, Oregon, USA as Robert Cleveland Johnson. He eventually became the National Cable and Television Associations vice president of government relations (NCTA). [12][14] In 1998, Johnson and Liberty Media bought all outstanding shares of the company. "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. The way to reach here was not easy at all. , money, salary, income, and assets. Net Worth: $76 B. A Los Angeles based movie company called Our Stories Films has been founded by Johnson in the year 2006. "John and I were looking at the business, and the market wasn't giving us the valuation it did to others," Johnson told Fortune in 2012. Robert Johnson has given back to his community, his country, and the world. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. He is currently single. Published: 10:08 EDT, 14 May 2016 | Updated: 00:10 EDT, 11 February 2018. 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. 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. 'I've found the absolute, unequivocally right person for me. Notably, hip hop artist Nelly became a co-owner. Johnson became America's first black billionaire after he sold BET to Viacom for $3 billion in stock and assumed debt in 2000. Monthly Income/Salary (approx.) Axiom Bank N.A. In 2010, following the Bobcats' first-ever winning season, Johnson sold his majority stake in the team to Michael Jordan. The channel expanded considerably over the subsequent years, launching digital cable networks and, in a joint venture with Starz, a multiplex service. In addition, he makes $747,411 as Independent Director at Roper Technologies Inc. He and his company, RLJ Companies LLC, has worked with several professional sports teams. On April 14, 2008, Johnson made comments to the effect that Obama would not be the Democratic Party's leading candidate if he were not black, in defense of a similar comment made by Geraldine Ferraro. We will update Bob Johnson's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. As a philanthropist, Johnson partnered with actor Morgan Freeman in 2011 to raise funds for hurricane preparedness in the Bahamas. . He went on to Princeton University where he received his Masters Degree in International Affairs in 1972. The successful businessman has become one of the greatest entrepreneurs and philanthropists in the world. Francesco Molinari Net Worth: $20 Million Teeing off in twenty-fifth place is Francesco Molinari. Among his many other business ventures, Johnson founded Axiom Bank in Maitland, Florida. He sold stock worth over $8.1 million from RLJ. Bob Johnson's income source is mostly from being a successful Actor. Unless they move quickly to ensure people receiving Medicaid are eligible for it, Michigan will be working to protect the profits of Medicaid insurance companies at the expense of the truly needy. In the Major League Sports Franchise of North America, he is the first Black American as well. 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! How much did Bob Johnson weigh when playing? He sold a $3 million asset when BET was purchased by Viacom in 2001. In the same university, Bob was a member of the Kappa Alpha Psi fraternity. News on all your favorite celebs, reality TV, and movies. So, how much was Robert Cleveland Johnson networth at the age of years old? Arpad Busson Net Worth. The marriage lasted until 2001, and two children were born as a result of it. Amy Johnson KCBS/KCAL, Bio, Wiki, Age, Family, Children, Height, Salary, and Net Worth. In 1972, he graduated from Princeton Universitys Woodrow Wilson School with a masters degree in public affairs. 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. As of 2022, Bob Johnson's net worth is expected to be $1 billion. His concentration, dedication, and hard work have assisted him to get this position. He was born on 8th April 1946 in Hickory, Mississippi, US. Source of wealth: Microsoft. Johnson went on to become a press secretary to Congressman Walter E. Fauntroy. He also makes $2.54 million as Executive Chairman of the Board of Trustees at RLJ. Bob Johnson, an African-American who rose through the ranks, considers himself to be one of his generation's finest entrepreneurs. We don't have much information about He's past relationship and any previous engaged. Bob Johnson, an African-American who rose through the ranks, considers himself to be one of his generations finest entrepreneurs. 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. When he was a kid, he moved with his family to Freeport, Illinois. Laurens records show that she was pursuing a doctorate in international business management in Paris. [5][37][38] The fund provides credit for Liberian entrepreneurs. We recommend you to check the complete list of Famous People born on 4 May. We have estimated 1. I'm writing to apologize to you and your family personally for the un-called-for comments I made at a recent Clinton event. 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