Bloomberg Billionaires Index

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# 437 Woody Johnson $5.60B

Random fact: Owned and sold American Video Corp., a Florida cable provider.

Overview

Johnson is an heir to the Johnson & Johnson consumer products fortune and owner of the National Football League's New York Jets. He owned the cable provider American Video Corp. in the 1970s and purchased the New York Jets for $635 million in 2000. Johnson was the US ambassador to the UK from 2017 until 2021.

As of :
Last change -$31.2k ( 0%)
YTD change +$304M ( +5.7%)
Biggest asset New York Jets
Country / Region United States
Age 75
Industry Diversified
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Woody Johnson's net worth of $5.60B can buy ...

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troy ounces of gold
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barrels of crude oil

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Johnson's fortune originated with inherited shares of Johnson & Johnson, the New Jersey consumer products company that was co-founded by his great-grandfather. 

He and his family owns shares in J&J as well as the New York Jets football team, which he purchased from the estate of Leon Hess in 2000 for $635 million. The Jets are valued at $4.1 billion, according to a September 2021 report by valuation consultants Sportico.

His other assets are controlled through The Johnson Company, a closely held family office, and were reported in a March 2017 financial disclosure to the federal Office of Government Ethics as part of his nomination to be the US ambassador to the UK. The form lists more than 1,100 assets and liabilities each with an indicated value range. His stake in Johnson & Johnson is determined by dividing reported dividend income of "over $5 million" by the prior 12 months of dividend payments by the company.

Representatives for the Jets didn't respond to messages requesting comment on the net worth calculation.

Biography

Birthdate: 4/12/1947
Family: Married, 3 children
Education: University of Arizona

Robert Wood "Woody" Johnson IV is a fourth generation heir of the Johnson & Johnson family fortune, according to a news release from the New York Jets dated June 22, 2017, and his great-grandfather was one of the founders of the consumer products company. 

Johnson worked just one summer at the company, preferring to strike out on his own in business. Among his early successes was the building and sale of a cable company in Florida in the 1970s, according to a New York Times profile of Jan. 12, 2000.

Through his New York family office, The Johnson Company, the billionaire has managed his own investments as well as an undisclosed amount of other family members assets and charitable assets.

Johnson purchased the New York Jets football team in January 2000, paying $635 million to the estate of oil baron Leon Hess for the franchise, according to the New York Times.

He was nominated to the US ambassador to the UK in June 2017 by President Donald Trump, who he supported in his campaign for the White House.

Milestones
  • 1947 Robert Wood Johnson IV is born.
  • 1994 Writes book, "Managing Your Child's Diabetes," with wife and daughter Casey.
  • 2000 Purchases New York Jets for $635 million.
  • 2005 Pushes to build Jets stadium in Manhattan. Bid eventually fails.
  • 2010 Jets make conference finals for second year in a row.
  • 2015 Named national finance chairman for Jeb Bush's presidential campaign.
  • 2017 Nominated by President Trump to be US ambassador to the UK.
  • 2017 Moves to London to assume role as US ambassador to the UK.