as Jets chairman, while Christopher Johnson became vice-chairman. In June 2021, Johnson stated his excitement to work with coach Robert Saleh and general manager Joe Douglas, whom he praised. He expressed optimism about putting together a winning team in 2021, after the Jets had experienced setbacks during his absence. In March 2022, Johnson made a £2 billion bid to purchase Chelsea F.C. from sanctioned billionaire Roman Abramovich. He became a fan of the football team while serving as US Ambassador to the United Kingdom. His knowledge of London and sports management was expected to give him an edge over Saudi Media Group, another party interested in buying the team. On March 25, it was reported that he was no longer in the bidding for Chelsea F.C. The Johnson Company, Inc Johnson was the chairman and chief executive of The Johnson Company, Inc., a private investment firm. In August 2006, Johnson was asked to testify before the Senate's Permanent Subcommittee on Investigations regarding his participation in a tax avoidance scheme. A Senate report said that Johnson, along with others, was able to buy, for relatively small fees, roughly $2 billion in capital losses that they used to erase taxable gains they garnered from stock sales. The U.S. Treasury lost an estimated $300 million in revenue as a result. In a statement, Johnson said he had been advised by his lawyers in 2000 that the transaction "was consistent with the Tax Code." After the Internal Revenue Service challenged that view in 2003, Johnson in 2006 settled with the IRS and agreed to pay 100 percent of the tax due plus interest. Johnson was the committee president of the Pre-Commissioning Unit for the ship . Net worth Johnson is the billionaire heir to the Johnson & Johnson fortune. His net worth was estimated at $5.7 billion in March 2022. Political fundraising Johnson has given more than $1 million to various Republican candidates and committees. Between 1997 and 1998, he donated $130,000 to the Republican Party, along with donating $22,583 to George W. Bush's 1998 gubernatorial re-election campaign of Texas. He was later a major New York fund-raiser for Bush's 2000 presidential campaign. In May 2008, he orchestrated a fundraiser in New York City that brought in $7 million in a single evening for John McCain's presidential campaign, by far the largest amount collected up to that point by a campaign that had been