Woody Johnson Buys Stake in Aston Martin F1

US billionaire Robert Wood Johnson, heir to the Johnson & Johnson pharmaceutical empire, has purchased a minority stake in Aston Martin's Formula 1 team. The 79-year-old business magnate will join the team's board of directors as vice chairman.

Besides his new F1 involvement, Johnson owns the New York Jets NFL team and acquired a major stake in Premier League football team Crystal Palace last year. He is also a notable donor to US political causes. amunra.qpon