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JFK The Enduring Secret

Episode 287 Lyndon Johnson And His Wealth Part 1 The Story of KTBC Austin And The Media Empire

JFK The Enduring Secret

Jeff Crudele

Johnson, Murder, Dallas, Documentary, History, Government, Cia, Kennedy, Oswald, Ruby, Assassination, Mafia, Fbi, Coup D'etat, Society & Culture, President, Jfk

4.6661 Ratings

🗓️ 19 August 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

This is our first episode covering Lyndon Johnson and how he accumulated his wealth, becoming the richest president in history up to his time. In today's episode (which is one of 2 episodes covering this topic ), we begin by telling the story of KTBC Austin, the radio station snatched from the hands of Dr. Ulmer and JM West. And how KTBC served as the foundation for acquisition of the only TV station in Austin. Johnson was able to skillfully accomplish this through his ...

Transcript

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0:00.0

Welcome to JFK in The Enduring Secret.

0:06.3

I'm your host, Jeff Crudell.

0:28.8

Hello, everyone, and welcome back to the podcast. Today's episode is episode 287. As promised, today begins a short mini-series on how Lyndon Johnson acquired his wealth, some of which you already know from

0:36.3

previous episodes of JFK, The Enduring Secret.

0:39.9

But in these next couple of mini-series episodes, we go deeper.

0:44.7

And of course, the implications of that are not so much around wealth itself.

0:52.4

Everyone in this country is free to work hard and be successful and become rich

0:56.8

or inherit wealth and remain rich. After all, that is part of the American dream, isn't it?

1:03.6

Well, that's true. We are not talking about the idea, good or bad, of getting rich or staying rich. Rather rather we are talking about the sources and the

1:14.1

methods relied upon along the way to gain that wealth we're talking about how Lyndon

1:20.2

Johnson's political career and his political influence were a major factor in becoming one of

1:26.1

the richest presidents in history up until that era.

1:30.0

Let's face it, he did not get rich on a government salary.

1:34.0

The salary of a congressman and a senator, which are the activities he engaged in for the most part,

1:39.2

up until 1960, and the next eight years or so after that when he was vice president

1:43.9

and then president

1:44.8

were just not enough to get rich.

1:48.2

He died five years after leaving office in 1973 at the age of 64.

1:54.6

He was an old-looking 64 for sure.

1:57.8

Well, I'd like to think so.

2:00.1

I am now a tad older than him at that age, and I hope I

2:04.0

look better than he did. I'm just saying. But in fairness, anyone who lived that big of a life

...

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