To compile our scorecard of the most valuable sports empires, we screened our database of the most valuable teams from the NFL, MLB, the NBA, the NHL and soccer for people or companies whose holdings in these teams were above $2 billion. Besides, she also inherited a major chunk of her father's sports business. She also represents the Lakers on the NBA's Board of Governors. Daughter Jeanie is now the controlling owner and team president. Along with being a co-owner of the Lakers, shes also the co-owner of WOW Women of Wrestling, a professional wrestling promotion. As CEO, Micky Arison helped to grow Carnival Corp. from two ships to more than 100. Further features include a flagstone patio, French doors, and a three-car garage. Gerald Hatten Buss (January 27, 1933 February 18, 2013) was an American businessman, investor, chemist, and philanthropist. Shaquille O'Neal, Jeanie Buss, and former Lakers coach Phil Jackson. This diverges from Forbes' net worth estimates for individuals . If you would like to customise your choices, click 'Manage privacy settings'. Shes the eldest daughter of Jerry Buss and it is often said that he wanted Jeanie to take over his role as the controlling owner. He initially joined the Lakers as an apprentice to general manager Jerry West and assistant,Mitch Kupchak. Not only is he worth $5.7 billion, but his brother is also a billionaire in the private equity industry. [2], In 1990, Buss reached a settlement out of court in a palimony suit filed by Puppi Buss, who said that she had an on-and-off relationship with Buss for 15 years, and also alleged that he fathered her son;[18][19] details of the settlement were not revealed. SPORTS ILLUSTRATED is a registered trademark of ABG-SI LLC. nike contact is a life time deal worth 1 Billion, assuming all the metrics were hit with sales in the best case scenario its = 1bil/25 years aka 40mil a year. This would spark a string of successful real estate ventures for the physical chemistry Ph.D graduate. He was the majority owner of the Los Angeles Lakers of the National Basketball Association (NBA), winning 10 league championships that were highlighted by the team's Showtime era during the 1980s. Privacy Policy How envious? Liberty is ranked for the first time after a change to the methodology from our inaugural list to include passive owners, as well as those who also manage their teams. As part of the deal to move the Lakers into Staples Center, Buss sold the Great Western Forum (which was later reverted to its original name). Buss originally went to invest in real estate in order to provide an income so he could continue teaching. Although he stood 6feet 2inches (1.88m), Buss attendedjockeyschool when he was 20. He sold the team in 2006. In 2002, when the WNBA was restructured to give its teams individual owners, Buss took ownership of the Sparks. [21] Through his 80th birthday on January 27, 2013, he had not attended a Lakers game during the 201213 season due to health concerns. Investors believe that revenue for major team sports will continue to climb in the years ahead as fans come back to stadiums and the value of media rights increases. Then, Dr. Jerry Buss acquired the franchise, and the rest is history (Or scroll on top to read again)! Anschutz, 81, is the 133rd wealthiest person in the world with a net worth of $15.8 billion, according to Bloomberg's Billionaire Index. Why is Frank McCourt really pushing it? Jim Buss's net worth is approximately $150 million. One of the greatest innovators in history, he will always be remembered for co-founding Microsoft with Bill Gates. #30 Bass family on the 2020 America's Richest Families - The four Bass brothers, Sid, Edward, Robert and Lee, each inherited $2.8 million from their oil . Anschutz also owns the Lakers' and the Clippers' home arena - The Staples Center. He Did Something I Will Never Forget: How Kobe Bryant Impressed Lakers Owner The Buss family has owned the Lakers since 1979, when the late Jerry Buss purchased the team. Her father Jerry Buss was the majority owner of the Lakers before he passed away in 2013. Dinan founded York Capital Management in 1991. Raised alongside three siblings by Joann and Jerry Buss, Jeanie was still quite young when her father started to become successful in the real estate world. Jerry Buss was a child of The Great Depression, standing on bread-lines in Wyoming as . Shop Pay: What Is It and How Can It Benefit You? In 2019, he broke a state record for residential property sales when he sold his own Arizona home for $19.25 million. Eventually, Jerry Buss and his business partner Frank Mariani formed Mariani-Buss Associates, a real estate investment company. How Rich Are LeBron James, Steph Curry and Other NBA Stars? Later, the pair moves to their daily lives, while Buss gain the sole custody of their son. Jeanie Buss Net Worth Being the controlling owner and president of the Los Angeles Lakers, Buss has an estimated net worth of $500 million. Kroenke Sports & Entertainment, which houses the wide-ranging sports assets of Stan Kroenke, follows Liberty at No. He made a large share of his wealth when he sold his drug companies Abraxis and American Pharmaceutical Partners for a combined, It is an honor for me to be part of the Lakers family and the nations foremost basketball franchise,, Earvin Johnson is a shining example of excellence on and off the court, and it is a privilege to have acquired his ownership position,, The franchise was first and foremost owned by Ben Berger when the team played in Minneapolis. [30][32] His daughter took over the Lakers on March 27, 2017. Jesse Buss's net worth is estimated to be $399.3 million. Along with his brother-in-law Leon Black also a billionaire he founded Apollo Management in 1990. Gaining the immense success, Buss was promoted to vice president of basketball operations in the year 2005. Both men had Wall Street backgrounds and the company is now a giant among private equity firms. Gores originally bought the Pistons in conjunction with his company, but he later bought out Platinum Equitys stake to own 100% of the franchise. Today, he has a net worth of $7 billion. LA Clippers owner Steve Ballmer. As the owner of the Los Angeles Lakers basketball team, he amassed an even greater fortune (and notoriety). The Lazers also played in The Forum. Jim Buss, 57, was in his 12th season as the Lakers head of basketball operations his 19th season in the front office until Jeanie Buss fired him from the position last week. Jim Buss was born on 9TH November 1959, Los Angeles County, California, the U.S. When Jerry Buss purchased the LA Lakers from former owner Jack Kent Cooke in 1979, he was divorced from his first wife, JoAnn Mueller. Quicken Loans is the largest online mortgage lender, and it grew out of a company that Daniel Gilbert co-founded in 1985 at just 22 years old. Read: 6 Investments Everyone Should Make For the mega rich, ownership of a sports franchise is the ultimate trophy -- and an NFL team is the biggest cap feather of them all. Jeanie Buss has a net worth of $500 million. Thats because the Toronto Raptors, San Antonio Spurs and New York Knicks are owned either by corporations or people or families whose net worth is unknown. Jeanie Marie Buss has an estimated net worth of $500 million. Just four years later in 1999, Cuban sold the company to Yahoo for $5.7 billion. [2] Buss earned a scholarship to the University of Wyoming,[3] graduating with a BS degree in two and a half years in 1953. The team folded in 1989 and the league folded three years later. Herb and another brother, Melvin Simon, formed what would become the Simon Property Group. Owner: Jerry Buss Family Trust - Net Worth: $600 million Dr. Jerry Buss was beloved in Los Angeles. [20], In 2012, Buss was in a hospital for months with an undisclosed intestinal problem. No reliable net worth information is available for Irving Grousbeck or Robert Epstein, but Stephen Pagliuca is worth $450 million and Wycliffe Grousbeck is worth $400 million for a combined net worth of $850 million, according to Celebrity Net Worth. As of April 2023, the U.S. national debt has reached a record high of more than $31.5 trillion. Unusually, hes found a way to actually lose money on an NBA team so far. Buss was born the second of four children to Jo Ann andJerry Buss. People may receive compensation for some links to products and services on this website. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. Buss became an owner of the Los Angeles Strings in World Team Tennis. At the age of 14, she was attending World Team Tennis meetings with Jerry and learning plenty of future lessons that she would later apply to managing the Los Angeles Strings. [6] Finding great success in the real estate business, he, along with longtime business partner, Frank Mariani, formed real estate investment company Mariani-Buss Associates. Thus, you wont find Michael Rubin or Fanatics on our list, despite his minority ownership in teams and the companys dominance in sports apparel merchandise. Dr. Patrick Soon-Shiong is a doctor who also happens to be a billionaire businessman. She began working for The Times as a contributor to the digital sports report, with a focus on USC football, and left in 2018. . How much is the Net Worth of Jim Buss? As part of his string of sports-related acquisitions, Buss also purchased The Forum for $67.5 million. Joseph Tsai is worth $10.6 billion. He then reached a major advertising agreement with Great Western Bank for the naming rights to The Forum, resulting in the official name of the building being changed to the Great Western Forum. No reliable net worth information exists for Wes Edens, but James Dinan is worth $2.2 billion and Marc Lasry is worth $1.8 billion for a combined net worth of $4 billion. 95.110.232.244 He spent much of his youth atrace tracks. How much the team is worth: $3.1 billion No reliable net worth information is available for Irving Grousbeck or Robert Epstein, but Stephen Pagliuca is worth $450 million and Wycliffe. Its now one of the biggest real estate investment trusts in the world. He also appeared in the GSN series High Stakes Poker and the NBC late-night series Poker After Dark.[14]. Thiry has appeared on nationally televised sports broadcasts on Fox Sports 1. He then returned to Los Angeles and attended the University of Southern California (USC), where he earned an MS and PhD in physical chemistry in 1957 at the age of 24. Jesse Buss, 29, is in his second season as the Lakers assistant general manager and director of scouting, which he oversees for the both the Lakers and the D-Fenders. It was around this time that Jerry began acquiring a number of sports teams in the Los Angeles area. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Properties: Formula One, Atlanta Braves, Drone Racing League*, Ball Arena*, Properties: Los Angeles Rams, Arsenal, Denver Nuggets, Colorado Avalanche, Colorado Rapids, Altitude Sports & Entertainment, Los Angeles Gladiators, Los Angeles Guerrillas, Properties: Dallas Cowboys, Legends*, The Star, CompLexity Gaming, Properties: Boston Red Sox, Liverpool, NESN, Roush Fenway Racing, Fenway Sports Management. [27], NBA commissioner David Stern said of Buss "The NBA has lost a visionary owner whose influence on our league is incalculable and will be felt for decades to come". 2023 Celebrity Net Worth / All Rights Reserved. Jerry played a major role in building the Lakers into a franchise worth $1 billion. Her wealth includes cars and houses. She is the daughter of Jerry Buss, the former controlling owner of the Lakers. Jeanie Marie Buss (born September 26, 1961) [1] is an American sports executive who is the controlling owner and president of the Los Angeles Lakers of the National Basketball Association (NBA), [2] [3] and co-owner and promoter of the U.S. women's professional wrestling promotion Women of Wrestling . [11] The Sparks also experienced their share of success, winning two WNBA championships with such players as Lisa Leslie, Tamecka Dixon and DeLisha Milton-Jones. It is an honor for me to be part of the Lakers family and the nations foremost basketball franchise, Soon-Shiong said in a statement. Manchester City's Ilkay Gundoan prepares to strike. Value: $3.63 billion. She is responsible for all aspects of the team. In the real estate business, Jerry Buss made his initial fortune. These stars made big bucks despite never getting a championship. The Buss family is synonymous with the Los Angeles Lakers and is well known in the sports and entertainment industry. His battles with the church arent over, How Palm Springs ran out Black and Latino families to build a fantasy for rich, white people, 17 SoCal hiking trails that are blooming with wildflowers (but probably not for long! Properties: Chicago Cubs, Marquee Sports Network. So best case is 40mil a year minus taxes 25mil net per year. Whereas, her sister Jeanie handles another part of the Lakers business. Lacob made his early money in venture capital. [4], His philanthropy also extended to people associated with the Lakers. Buss was invited by his father to join the great Los Angeles Lakers in 1988. He was inducted into the Naismith Memorial Basketball Hall of Fame as a contributor. He. [1] When he was nine years old, he moved with his mother to Los Angeles; they moved to Kemmerer, Wyoming, three years later when she remarried. While the baseball team rose in value, Fenway Roush and NESN both fell. The buyer in the deal is not yet known, and the deal is still pending approval by the NBA's Board of Governors. ( Jockeys typically stand around 4ft 10in (1.47m) to 5ft 6in (1.68m)). Robert Pera is the mastermind behind Ubiquiti Networks, a wireless broadband company that deals mostly with emerging markets. 10 Simple Habits of Money-Smart Individuals, Tips To Keep Your Finances in Order Without Sacrificing What You Want, 18 of the Richest NFL Players Who Never Won a Super Bowl. Jerry purchased the Lakers in 1979 for $68 million dollars in a package deal that also included the Los Angeles Kings of the NHL, as well as two venues in the Great Western Forum and a ranch in the Sierra Nevada Mountains. He has been known for keeping his words. President of the Los Angeles Lakers Net worth: $500 million Jeanie Buss is the controlling owner and President of the Los Angeles Lakers. Boasting masters degrees from both MIT and Harvard, Vivek Ranadive is a businessman and engineer who founded TIBCO Software. Do Not Sell or Share My Personal Information, Lakers-Warriors series: Plenty of story lines, but LeBron vs. Steph is No. Alibaba is known as the Amazon of China, and Joseph Tsai co-founded the platform and remains the companys No. The Buss family doesn't have that experience so practically the bulk of their income comes from the Lakers. So, what is Buss' net worth? . While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. As of March 2023, The total combined net worth fortune of the Bush family is about $500 million. [18], On May 29, 2007, Buss was issued a citation for driving under the influence after two California Highway Patrol officers saw him driving his gold Mercedes-Benz on the wrong side of the road in the coastal community of Carlsbad in northern San Diego County, with a 23-year-old woman passenger. Today hes worth $11.2 billion. In 2019, his online sneaker platform StockX became a unicorn thats when a privately held start-up reaches a value of $1 billion. Although Jerry eventually sold his controlling interest in the Kings, he remained focused on closely managing the Lakers. Theyre tied with the Celtics as the most decorated team in history, with 17 championships to their name. Jerry's inner circle entourage included John Rockwell, Ron and David Wilder, Miguel A. Nunez, Lance Davis, Mark Fulton, and Brian J. Sadler. According to the recent financial reports of 2023, the current net worth of Jeanie Buss is estimated to be around $540 million. After having success in those sports executive roles, her roles grew with the Lakers to where she is today. You can click on the 'unsubscribe' link in the email at anytime. Get advice on achieving your financial goals and stay up to date on the day's top financial stories. Arjun Athreya is a senior writer at Essentially Sports and has been contributing The purchase price of the 27 percent stake has not . Upcoming NBA and Basketball Movies Every Fan Should be Excited About, Full Spectrum Services LLP 2022 | All Rights Reserved. This makes it difficult . His succession plan had daughter Jeanie assume his previous title as the Lakers' governor as well as its team representative at NBA Board of Governors meetings. Eventually, she proved her business instincts to Jerry, who planned to have her take over the business side of the Lakers while her brother Jim handled the sports-related decisions. For the next 30 years, he continued to use his real estate investments to fuel his sports empire. She then became an executive for the Angeles Blades, a professional roller hockey team. Jeanie Buss is a beautiful and brilliant woman who joined her family's business at 19 years old. Their parents divorced in 1972. Despite coming from a huge family, Buss tried to do something of his own. Read: How Rich Are These Big-Name NASCAR Drivers?Also: How To Build a Financial Plan From Zero Phil Mickelson Net Worth: $400 Find out more about Gary Player's net worth and wins. 1988). Use of this site constitutes acceptance of our Terms of Use and Privacy Policy, according to Scott Soshnick and Eben Novy-Williams of, according to Bloomberg's Billionaire Index, Report: Mavs Hiring Jason Kidd as Next Head Coach, How It Feels to Watch the Team You Built Thrive Without You, The Hawks Found an Unlikely Hero in Kevin Huerter. The 59-year American international is about 6ft 2 inches tall, further, Jeanie Bussand Johnny Buss. She is now 100% in charge of all Laker decisions for the family. All owner net worth information comes from 2020 real-time data from Forbes, except where otherwise noted. You may opt-out by, Traffic cop at the intersection of money and sports.
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