Robert L. Johnson Net Worth 2022 – How Did He Get Rich? Exposed!

Robert L. Johnson Net Worth

Robert L. Johnson has an estimated net worth of $550 Million. He is an American entrepreneur best known as the founder of the BET channel and as the country’s first African American billionaire. He earned the majority of his income from BET channel.

Robert L. Johnson founded Black Entertainment Television (BET) in 1979 with his wife, Sheila. He became the first African American billionaire after selling the network to Viacom in 2001. Johnson has since started a new business, the RLJ Companies, and has invested in an NBA team, a film company, and political causes and campaigns.

To calculate the net worth of Robert L. Johnson, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as loans and personal debt, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Robert L. Johnson
Net Worth: $550 Million
Monthly Salary: $3 Million+
Annual Income: $40 Million+
Source of Wealth: Businessperson, Entrepreneur

Early Life

Robert L. Johnson was born in Hickory, Mississippi, on April 8, 1946. He spent the majority of his childhood in Freeport, Illinois. Johnson graduated from Freeport High School in 1964, and studied history at the University of Illinois. He then earned a master’s degree in international affairs from Princeton University.

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Career

In 1979, Johnson and his wife Sheila founded Black Entertainment Television, the first cable network targeting the African American market. It was launched in January 1980, initially broadcasting for two hours a week. In 1991, BET became the first African American-owned company to be listed on the New York Stock Exchange. The network has continued to grow since that time, reaching tens of millions of homes and expanding to include other traditional and digital channels.

In 2000, Viacom announced plans to purchase BET. The sale was finalized the following year and Johnson’s majority stake earned him more than $1 billion, making him the richest African American in the United States at that time as well as the first African American billionaire. Johnson continued to be the company’s chairman and CEO for several years before leaving BET to lead the RLJ Companies.

Following the sale of BET to Viacom, Johnson founded the RLJ Companies. RLJ is a holding company and asset management firm with a portfolio of businesses in finance, real estate, hospitality, professional sports, film production, automotive, and gaming. RLJ has been referred to as Johnson’s “second act.”

Johnson has invested in a number of notable companies and organizations that are not affiliated with RLJ. He was the first African American principal owner of a major-league sports franchise in North America, the Charlotte Bobcats. Johnson co-founded Our Stories Films with Harvey Weinstein in 2006. The company specializes in family-friendly films aimed at African American audiences. Jumping the Broom, a romantic comedy film, was released by Our Stories in 2011.

Johnson has dabbled in politics in addition to his business ventures. Johnson organized a tour of African American business leaders to Liberia in 2007. This trip resulted in the establishment of the Liberia Enterprise Development Fund. Johnson publicly urged African Americans to support Liberia in the same way that Jews support Israel. Johnson was chastised for opposing Barack Obama in the 2008 Democratic primary election in favor of Hillary Clinton.

Personal Life

From 1969 to 2002, Johnson was married to Sheila Johnson. The co-founders of BET divorced a year after selling the network to Viacom. They have two kids. Sheila was awarded one of the largest documented settlements in US history and later married the judge who presided over the divorce proceedings.

Further Reading

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How To Become Rich Like Robert L. Johnson?

Robert L. Johnson did not become rich by luck. To become as rich as Robert L. Johnson, you have to work smart.

Successful people become rich because they take advantage of the opportunities that come their way. They are in the right place at the right time and take the right action.

Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.

Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.

You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.

If you seize this golden opportunity in time, you can become as successful as Robert L. Johnson one day.

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