Since purchasing the New York Jets in 2000, Woody Johnson has been one of the more prolific owners in the NFL.
The Jets have one of the league’s wealthiest owners on their side. So how exactly did Johnson acquire his funds to buy the Jets? Let’s take a look at his net worth and how he stacks up among the other owners in the league.
What Is Woody Johnson’s Net Worth?
The Jets’ owner is currently worth $3.3 billion, according to Forbes. He and his brother, Christopher, are co-owners of the franchise. The entire Johnson family technically owns the Jets and their entire net worth is approximately $16 billion, making them the sixth-highest richest owners in the league.
Forbes also mentioned that the Johnsons are the 26th richest family in the country. This is because they’re the founding family of Johnson & Johnson, one of the largest medical and pharmaceutical companies in the world.
Johnson was born in New Brunswick, N.J., in 1947. He has ties to the team he currently owns and has done a lot to improve their resources. The Jets and New York Giants agreed to build and open MetLife Stadium in 2010, which Johnson had a big part in putting together.
How Did Johnson Get Rich?
As previously mentioned, he is a part of the Johnson & Johnson company. Robert Wood Johnson founded the company in 1886, which started as a small business that provided first aid kits and dental floss.
The company was then handed over to his son, Robert Wood Johnson II in 1932, where he began to turn the company into a global phenomenon. Johnson II and his brother, Seward, both passed away with large amounts of money. Some went to the Robert Wood Johnson Foundation and the rest went to heirs. One of those heirs was current Jets owner Woody Johnson, which is how he acquired the wealth he has now.
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According to Forbes, “Woody’s ex-wife once told a family biographer that she never knew how much money her ex-husband had, meaning it’s possible the family’s net worth is even higher.”
In addition to being a successful businessman, Johnson is also involved in politics outside of the Jets and medicine. In 2017, he was appointed as the U.S. ambassador to the United Kingdom, strengthening relations between both countries. He was a big advocate for former President Donald Trump during his term and is doing the same again this election year.