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Billionaire sports tycoon to be US ambassador to Britain

Woody Johnson is the owner of the New York Jets American football team.

A billionaire sports tycoon has been confirmed as the US ambassador to Britain.

Woody Johnson, owner of the New York Jets American football team, was nominated by Donald Trump to be the top US diplomat in London – also known as the Ambassador to the Court of St James’s.

The 70-year-old heir to the Johnson & Johnson fortune raised money for his fellow billionaire’s presidential campaign and donated 1 million dollars (£760,000) to his inaugural committee.

The US Senate confirmed the nomination on Thursday, although it has not been announced when he will arrive in the UK.

According to financial news site Bloomberg, Mr Johnson has a net worth of 4.2 billion dollars (£3.2 billion) and bought the Jets for 635 million dollars (£483 million) in 2000.

His wealth was made public after his nomination, a requirement of which was that his financial arrangements were reviewed by the US Office of Government Ethics.

The disclosure earned him a place in Bloomberg Billionaire Index, a list of the top 500 richest people in the world, with Mr Johnson ranked the 462nd.

Mr Trump tipped the tycoon for the job when he said Mr Johnson was “going to St James’s” during a lunch in January. At the time the philanthropist’s appointment was welcomed as a “stylish” choice.

Now it has been approved Mr Johnson is expected to hand over his positions as chairman and chief executive of the Jets to his brother, Christopher.

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