Robert L. Johnson Net Worth, Early Life, Education and Much More

Robert L. Johnson Net Worth

Robert L. Johnson Net Worth: Among the wealthiest people in the United States, Robert L. Johnson is a businessman, CEO, and investor who has an estimated net worth of $650 million. In 1980, Robert L. Johnson and his wife Sheila Johnson established the cable network BET and it has a major part in Robert L. Johnson Net Worth. In addition to being the primary owner of the NBA’s Charlotte Bobcats from 2002 to 2010, he also formed the asset management firm RLJ Companies. Since he sold BET to Viacom in 2001, Johnson has held the distinction of becoming the first African-American billionaire. RLJ companies have contributed immensely to Robert L. Johnson Net Worth.

In 1980, he created BET to focus on black culture and entertainment. For African-Americans, BET was the first significant television network. BET made history in 1991 when it went public on the NYSE as the first company run by people of colour. For $3 billion in the year 2000, Viacom purchased BET. Johnson left the firm in 2006. He then established the holding firm RLJ Companies, which operates in a wide variety of industries.

In 2002, he became the first African-American majority owner of a major American sports club when he bought the Charlotte Bobcats of the National Basketball Association. In 2010, he let Michael Jordan buy a controlling share. Below is everything about Robert L. Johnson Net Worth, Early life and much more.

Robert L. Johnson Net Worth
Robert L. Johnson Net Worth

Early Life

Robert L. Johnson, the ninth of ten children born to farmers Archie and Edna Johnson in Hickory, Mississippi, entered the world on April 8, 1946. Back when he was a little lad, his family uprooted and settled in Freeport, Illinois. Johnson attended the University of Illinois at Urbana-Champaign as a young man, eventually earning a bachelor’s degree in social studies in 1968. After that, he pursued further education at Princeton University, where he eventually earned a master’s degree in public affairs in 1972.

Career Which Contributed To Robert L. Johnson Net Worth

Johnson entered the television profession after graduating from Princeton, first working for the Corporation for Public Broadcasting in the role of public relations director. He also worked for the National Urban League as its director of communications in Washington, DC. Johnson later worked as Congressman Walter E. Fauntroy’s press secretary. At the National Cable and Television Association, he is now the vice president of government relations.

RLJ Companies

Johnson became a billionaire in 2001; the following year, he established the Bethesda, Maryland-based asset management firm RLJ Companies. Hotel real estate, private equity, insurance services, car dealerships, and entertainment brands are just some of the assets in the company’s portfolio. Additionally to its headquarters in Bethesda, RLJ Companies also has locations in Little Rock, Arkansas; Charlotte, North Carolina; Los Angeles, California; San Juan, Puerto Rico; and Monrovia, Liberia. Robert L. Johnson Net Worth is affected hugely by RLJ Companies.

Other Ventures

Johnson established Axiom Bank in Maitland, Florida, one of several of his successful businesses. Additionally, he has served on the boards of directors for a wide variety of companies and organisations, such as KB Home, Thinks Finance, Lowe’s Companies, the National Museum of African American History and Culture, Hilton Hotels, and General Mills. As for Johnson’s return to the television industry, in 2014 he launched Urban Movie Channel, his own VOD streaming service. It is run by AMC Networks and was established to provide African-Americans with access to original films and programming. Starting in early 2021, the channel would be known as Allblk.

Personal Life

Johnson married Sheila Johnson in 1969. Together, they started BET. They had two children together before splitting up in 2002. Sheila Johnson later established Salamander Hospitality, a company whose holdings include hotels and country clubs. She branched out into the world of professional sports as well, becoming an owner of the Washington Capitals of the National Hockey League, the Washington Wizards of the National Basketball Association, and the Washington Mystics of the Women’s National Basketball Association.

It was in 2010 that Johnson started dating 33-year-younger student Lauren Wooden. They tied the knot in 2016 and split up in 2020.

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