Robert L. Johnson | |
---|---|
Born | Robert Louis Johnson April 8, 1946 Hickory, Mississippi, U.S. |
Alma mater | University of Illinois at Urbana–Champaign (BA) Princeton University (MPA) |
Known for | Co-founder of BET |
Spouses | |
Children | 2 |
Website | Official website |
Robert Louis Johnson (born April 8, 1946) is an American entrepreneur, media magnate, executive, philanthropist, and investor.[1][2][3][4][5][6] He is the co-founder of BET, which was acquired by Viacom in 2001.[2][3] He also founded RLJ Companies, a holding company that invests in various business sectors.[3][7] Johnson is the former majority owner of the Charlotte Bobcats (now Charlotte Hornets).[8] He became the first black American billionaire in 2001.[1][9][10] Johnson's companies have counted among the most prominent black American businesses in the late twentieth and early twenty-first centuries.
... Robert Johnson became the first African American billionaire in 2000 after he sold the network to Viacom for $3 billion in stock and assumed swag. Since then, sagging Viacom and CBS stock, plus investments in real estate, hotels and banks ... have dragged Johnson's net worth to $550 million, we estimate.
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