President Johnson's wealth was commented on in the U.S. News end Yorld Report in its December 16th issue, and the Business ‘feck in its December 7th issue, both articles based on material disclosed by officials close to the Johnson family. President L.Johnson and lirs, Johnson own property that has an estimated value of several million dollars.
Ths assets of one of the Johnson holdings, the L.3.J. Company in Austin, Texas, alone totalled some $4m. Mrs.Johnson is chairman . of the board of the L.3B.J. Radio and T,V. Droadcasting Company. Referring to the influence of the Johneons, the Dusiness Weck said, "In Austin, the Johnsons are considered an important part of the business community, which has supported Johnson well in his political campaign."
The Johnsons are also landowners. They own four ranches that cover some 5,000 acres of Texas grazing land, and a tract of 3,000 acres of cotton and timber land in Alabama. They also own a house, valued at some $200,000, in Washington D.C., and have shares in a real estate corporation, In addition, the Johnsons have an unknown number of stocks and bonds.