Woody Johnson is a prominent entrepreneur, former diplomat of the United States of America in the United Kingdom, and the proprietor of the New York Jets. The millionaire entrepreneur is the descendant of Robert Wood Johnson I, one of the founders of Johnson & Johnson.
Woody Johnson’s net worth in 2024
Woody Johnson is a wealthy American entrepreneur and philanthropist with a fortune of $3.5 billion, as per reports of Celebrity Net Worth. Woody Johnson, a beneficiary of the Johnson & Johnson inheritance, gained his wealth mostly from his role as the Chief Executive and Chairman of the Johnson Company Inc.
Johnson held the position of committee President for the Pre-Commissioning Unit for the USS New York. Additionally, he served as the United States Ambassador to the United Kingdom from November 2017 to January 2021. Woody acquired ownership of the New York Jets, a team in the National Football League (NFL), in 2000 for $635 million.
This represents the highest price ever paid for a club in New York, and the third- highest amount ever paid for any professional sports team. Currently, the valuation of the Jets stands at $5.4 billion.
Johnson participated on a committee that selected the current NFL commissioner, Roger Goodell. Woody was alleged to have engaged in a fraudulent tax shelter scheme and settled with the IRS in 2006.
He has donated more than $1 million to Republican candidates and committees. Johnson assisted John McCain in generating almost $7 million for his presidential campaign in a single evening and contributed financial support to the Republican National Convention.
How Did Johnson Get Rich?
As stated earlier, he is affiliated with the Johnson & Johnson corporation. Robert Wood Johnson established the company in 1886, initially operating as a small enterprise specializing in the production of first aid kits and dental floss.
In 1932, the company was transferred to his son, Robert Wood Johnson II, who proceeded to transform the corporation into a worldwide sensation.
Johnson II and his brother, Seward, both died with substantial wealth. A portion of the funds were allocated to the Robert Wood Johnson Foundation, while the remaining portion was distributed among the heirs. One of the beneficiaries was the present owner of the Jets, Woody Johnson, who obtained his current wealth through this inheritance.
Forbes said that Woody’s former spouse revealed to a biographer that she was unaware of the exact extent of her ex- husband’s wealth, suggesting that the family’s net worth could potentially be far greater than previously estimated. Johnson’s involvement extends beyond his success as a businessman, encompassing both politics and medicine, in addition to his role with the Jets.
In 2017, he assumed the role of the U.S. ambassador to the United Kingdom, enhancing the diplomatic ties between the two nations. He strongly supported former President Donald Trump during his tenure and is continuing to do so in this election year.
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Woody Johnson Career Highlights
Woody Johnson, born Robert Wood Johnson IV on April 12, 1947, is a prominent American businessman, philanthropist, and former diplomat. He is best known as the owner of the New York Jets, a team in the National Football League (NFL), and for his role as the United States Ambassador to the United Kingdom from 2017 to 2021.
Early Life and Education
Johnson hails from a notable family, being the great-grandson of Robert Wood Johnson I, co-founder of Johnson & Johnson.
He was raised in New Brunswick, New Jersey, and attended the University of Arizona, where he earned a degree in 1969. His early career included working at Johnson & Johnson, where he gained valuable experience in the family business.
NFL Ownership
In January 2000, Johnson purchased the New York Jets for $635 million, marking a significant investment in professional sports. Under his ownership, the Jets’ value increased dramatically, with Forbes estimating the team’s worth at $3.2 billion in 2019.
Johnson was instrumental in moving the Jets to MetLife Stadium, which opened in 2010, and he has been involved in various NFL committees, including the search for a new commissioner.
Diplomatic Career
Johnson’s political involvement culminated in his appointment as the U.S. Ambassador to the United Kingdom by President Donald Trump.
He served from November 2017 until January 2021, during which he focused on strengthening U.S.-UK relations, particularly in trade and security. His tenure included significant events such as the UK’s exit from the EU and the relocation of the U.S. embassy in London.
Philanthropy
A dedicated philanthropist, Johnson founded the Alliance for Lupus Research in 1999 after his daughter was diagnosed with the disease. He has also been involved in diabetes research, serving as chairman of the Juvenile Diabetes Foundation. His philanthropic efforts have raised substantial funds for medical research, totaling over $245 million for lupus research alone.
Woody Johnson Assets Cars, Houses
Woody Johnson’s Real Estate Assets
- In March 2015, Woody Johnson sold a NYC condo for $77.5 million.
- In April 2020, Johnson paid $32.2 million for a home in Palm Beach, Florida, through a Delaware-based limited liability company. The home was developed on speculation and had never been lived in.
- Johnson has also owned homes in Bedminster Township, New Jersey, and Manhattan.
Woody Johnson’s Investments
- Johnson is the heir to the Johnson & Johnson pharmaceutical fortune, with a net worth estimated at $9.92 billion as of April 2024.
- In 2000, Johnson purchased the New York Jets for $635 million, the highest price for a New York professional sports team. The Jets are currently valued at $3.2 billion.
- Johnson owns at least 1.56 million shares of Johnson & Johnson stock, worth over $50 million.
Johnson’s wealth is primarily derived from his ownership of the New York Jets and his inheritance from the Johnson & Johnson company founded by his great-grandfather.
While specific details on his car collection are not provided, his net worth suggests he likely owns several luxury vehicles to complement his real estate holdings and sports franchise.
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