You can click on the 'unsubscribe' link in the email at anytime. [10] Buss later sold his controlling interest in the Kings to Bruce McNall in 1988 (who made headlines that year by trading for Wayne Gretzky from the Edmonton Oilers), retaining ownership of the Lakers and The Forum. With an estimated net worth of $4.3 billion, Mark Cuban is not the richest NBA owner, but he is one of the most famous and outspoken. Along with her late husband, Gail Miller built a $5.3 billion, 64-dealership automotive sales empire from a single Toyota dealership. Also Read: Michael Jordan Biography, Salary, Net Worth, NBA. How Rich Are LeBron James, Steph Curry and Other NBA Stars? Gerald Hatten Buss (January 27, 1933 - February 18, 2013) was an American businessman, investor, chemist, and philanthropist. The 80-year-old has a net worth of $10.1 billion. 20 Items Costco Superfans Say To Stop Buying Due To Inflation, Most people on this list are worth billions, Heres a look at the richest among the rich, Best National Banks of 2021: Low Fees, High APYs & Accessibility, LeBron James and More of the Richest Athletes Younger Than 40. ), Chargers were supposed to draft a tight end. Their parents divorced in 1972. Who Are Jerry Buss' Sons? These Are the Best Banks of 2021 Did Yours Make the Cut? These offers do not represent all available deposit, investment, loan or credit products. [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 other co-owners are Philip Anschutz, Edward P. Roski, and Patrick Soon-Shiong, minority owners . Jim Buss Net-worth: $600 Million James Hatten "Jim" Buss represents himself as a part-owner and executive vice president of basketball operations of the famous Los Angeles Lakers. Also like Gates, he became a major philanthropist later in life, giving away more than $2 billion. Anschutz is extremely influential in Los Angeles and he owns a third of the Lakers. In January 2008, Buss donated $7.5 million to USC's Department of Chemistry to fund two endowed chairs and an endowed scholarship fund for chemistry graduate students; the two chairs were to be named after his mentors at USC, Professors Sidney Benson and David Dows. Buss bought the Lakers in 1979, after which the team saw a meteoric rise. Despite coming from a huge family, Buss tried to do something of his own. Buss sibling: Brothers trying to bust family trust - ESPN The Dwarfs were gifted championship rings when the Lakers won titles and were granted carte blanche access to all Laker home games and events at the Fabulous Forum / Great Western Forum / Staples Center. The Buss family has owned the Lakers since 1979, when the late Jerry Buss purchased the team. Buss also became the first female controlling owner to win an NBA championship after the Lakers conquered the Orlando bubble. But first, let's peep into some of the quick facts about the second son of Jerry Buss. Properties: New York Yankees, Legends*, YES Network*, New York City FC*, Scranton/Wilkes-Barre RailRiders, Properties: New York Knicks, New York Rangers, Properties: New England Patriots, New England Revolution, UFC*, Kraft Analytics Group, DraftKings*, Skillz*, Boston Uprising, Properties: Manchester United, Tampa Bay Buccaneers, Properties: Seattle Seahawks, Portland Trail Blazers, Seattle Sounders*. She grew up in Seattle and graduated from the University of Washington. His family estate now owns his part of the Thunder. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. Antony Tony Ressler has an estimated net worth of $2.9 billion. [23], After being hospitalized at Cedars-Sinai Medical Center with an undisclosed form of cancer, he died of kidney failure on February 18, 2013, aged 80. Landrys owns brands like Bubba Gump Shrimp Co., Landrys Seafood House and Saltgrass Steak House. Until last week when Jeanie Buss fired her brother Jim Buss, all six children spanning 31 years in age from eldest to youngest worked within the Lakers organization or for the teams NBA Development League affiliate, the D-Fenders, which also is owned by the Buss family. [4] Buss started as a chemist for the Bureau of Mines (now the Mine Safety and Health Administration);[5] he then briefly worked in the aerospace industry and was on the faculty of USC's chemistry department. 2 shareholder behind only Jack Ma. Just four years later in 1999, Cuban sold the company to Yahoo for $5.7 billion. The couple has four children together two elder sons, Johnny Buss (born in 1956), James "Jim" Buss (born in 1959), and two younger daughters in Jeanie Buss (born in 1961) and . Jerry Reinsdorf first began amassing his $1.5 billion fortune in the 1970s when he co-founded a real estate company that would later be bought by American Express. Buss owned other professional sports franchises in Southern California. Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. Jerry Buss did not stop there. [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. Buss bought the Lakers in 1979, after which the team saw a meteoric rise. Timely investments in sports betting company DraftKings and gaming platform Skillz have a combined value of more than $400 million. Jim Buss Net Worth 2023, Salary, Age, Height, Weight, Bio, Family He has been known for keeping his words. Next: Biggest Contract Busts in MLB HistoryAlso: How To Build a Financial Plan From Zero Gary Player Net Worth: $250 Million Age:87Major Read on to learn more about Rory McIlroy's net worth and achievements. It was around this time that Jerry began acquiring a number of sports teams in the Los Angeles area. Heres why they decided against it, Kentucky Derby draw finds favorite Forte in a nice spot in the middle, Sherman Oaks Notre Dame receives No. 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. Anschutz is an old-school industry tycoon with a half-century record of highly profitable ventures in real estate, entertainment, telecom, oil and railroads. 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. Jeanie holds nationality of American and her ethnicity is White. In 1998, however, Philip Anschutz bought into the team, as well. Along with his brother-in-law Leon Black also a billionaire he founded Apollo Management in 1990. This is from his career as the supervisor of the Los Angeles Lakers. [7] In 1979, Buss purchased Pickfair, the Beverly Hills estate once owned by Mary Pickford and Douglas Fairbanks;[4] he sold it in 1987.[8]. He sold the team in 2006. Philip Anschutz is an American billionaire who owns a plethora of companies across several sectors. He then embarked on a remarkable run of buying into Chicago sports teams just as they were taking off, including not just the Bulls in 1985 but also the White Sox in 81. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. The jump is the largest among sports owners and lands the group at No. As part of his string of sports-related acquisitions, Buss also purchased The Forum for $67.5 million. Copyright 2023 Market Realist. Not only is he worth $5.7 billion, but his brother is also a billionaire in the private equity industry. After her husband died, she was embroiled in a protracted lawsuit with his heirs over the familys assets. Owner: Jerry Buss Family Trust - Net Worth: $600 million Dr. Jerry Buss was beloved in Los Angeles. Basketball shoes have cratered since lebron signed that deal. So who are all the people that own a stake in the Lakers? You can email the site owner to let them know you were blocked. Although Buss had purchased a number of properties throughout the LA area in the past, this latest acquisition was her first waterfront residence. Herb and another brother, Melvin Simon, formed what would become the Simon Property Group. [4], His philanthropy also extended to people associated with the Lakers. He was born on 9TH November 1959. In 2004, she married business magnate Tom Benson, who owned the Pelicans as well as the NFLs Saints. How Every NBA Team Owner Got Rich | Celebrity Net Worth If you would like to customise your choices, click 'Manage privacy settings'. During the 1960s, Jerry invested in a West Los Angeles apartment building. Timely investments in sports betting company DraftKings and. The 20 most valuable sports empires have a combined enterprise value of more than $100 billion, led by Liberty Media at No. After being a season ticket-holder for more than 25 years, Soon-Shiong purchased a minority share of the Lakers from Magic Johnson. [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. Jeanie Marie Buss was born on September 26th of 1961 in Santa Monica, California. When the NFL playoffs kick off this Saturday, the New England Patriots will be watching the action on television. With Robert Sarver gone, Jeanie Buss now has the lowest net worth of She enrolled at the University of Southern California and eventually graduated with honors after majoring in business. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Yes, the Los Angeles Lakers are still owned by the Buss Family Trust, with Jeanie Buss, as the controlling owner. The Kraft family also owns the New England Revolution (MLS), Kraft Analytics Group (sports data analytics) and Boston Uprising (esports franchise), as well as a small piece of UFC. How Real Estate Investing Helped Jerry Buss Create a Sports Empire Jeanie Buss, the daughter of Dr. Jerry Buss, the late Lakers' owner, runs the franchise. The squad has reached the Super Bowl nine times since 2000, the rookie year for quarterback Tom Brady, and taken home the trophy in six of those visits. Who Owns the Lakers? Los Angeles NBA Team Owners, Listed - Market Realist He made a large share of his wealth when he sold his drug companies Abraxis and American Pharmaceutical Partners for a combined worth of $9.1 billion. Buss Family Trust. He founded Ubiquiti shortly after joining Apple in 2003. His siblings have also followed in their father's footsteps, with Jeanie Buss being the most successful and having a net worth of $500 million. She had originally purchased the property for $2.45 million back in 2017. One of the careers that will be highlighted throughout the show is current team president Jeanie Buss and as expected fans are curious about the Buss family and their net worth. 2023 ABG-SI LLC. He latertrainedthoroughbred racehorse for nine years before joining the Lakers in 1998 as an assistant general manager. Buss's 66% controlling ownership of the Lakers passed to his six children via a trust, with each child receiving an equal vote (11% for each child). Get Forbes daily top headlines delivered straight to your inbox for news on the worlds most important entrepreneurs and superstars, expert career advice and success secrets. Grousbeck made his money as a venture capitalist. He. In 2019 Buss sold her home in Playa Vista for $2.575 million. Jeanie Buss has a net worth of $500 million. 1 with $13 billion. In 2002, when the WNBA was restructured to give its teams individual owners, Buss took ownership of the Sparks. In 1995, he co-founded Broadcast.com, an early video portal. Fenway Sports Group reportedly has discussed merging with RedBall Acquisition, a $575 million SPAC launched by private-equity firm RedBird Capital and Oakland As executive Billy Beane, who triggered baseballs Moneyball revolution. These included the Los Angeles Strings, the Los Angeles Kings hockey team, and the Los Angeles Lakers. Heres a look at the richest among the rich. Buss was once engaged to Phil Jackson. These stars made big bucks despite never getting a championship. Jim Buss's net worth is approximately $150 million. For the next 30 years, he continued to use his real estate investments to fuel his sports empire. All Right Reserved. This website is using a security service to protect itself from online attacks. When Hazzard died in 2011, he was still a Lakers employee. Jeanie took on various sports operations positions before being heavily involved with the Lakers, and even though her dad was an inspiration, she took it upon herself to become knowledgeable in the industry. After having success in those sports executive roles, her roles grew with the Lakers to where she is today. 1953[citation needed]), Johnny (b.1956), Jim (b. Also Check Out: Complete NBA TV Schedule for 2021-22 Season #3 LA Clippers - $93.9 million. No reliable net worth information exists for Clayton Bennett, but Aubrey McClendon was worth $1.2 billion the last time Forbes inventoried his fortune. The 59-year American international is about 6ft 2 inches tall, further, Jeanie Bussand Johnny Buss. Besides, she also inherited a major chunk of her father's sports business. Jim was diverted to another business as the horse racing stock was quite unfavorable and unprofitable. Shop Pay is an innovative payment solution developed by Shopify. Buss was an owner of the Phoenix location of the Playboy Club. So who are all the people that own a stake in the Lakers? He meticulously involved them in the team as he saw fit and when he died in 2013, the 66% controlling ownership Buss owned went down to six of his children through equal shares. Buss became an owner of the Los Angeles Strings in World Team Tennis. Upcoming NBA and Basketball Movies Every Fan Should be Excited About, Full Spectrum Services LLP 2022 | All Rights Reserved. His contributions to basketball were recognized by his induction into the Basketball Hall of Fame in 2010. The Buss Family Trust now owns the Lakers, with Jeanie Buss acting as the President. Like Paul Allen and Bill Gates, he has dedicated much of his later life to global philanthropy, adding another $2 billion in Microsoft-earned money to charity. New York Jets QB Sam Darnold looks downfield. Joseph Tsai is worth $10.6 billion. Some of the richest NFL Jockeys are some of the original "gig workers" because they work as independent contractors. The value of the Patriots increased by 7% in Forbes 2020 NFL team valuations, adding $300 million to the Kraft empire. Jeanie Marie Buss has an estimated net worth of $500 million. Bush family Net Worth. Dr Jerry Buss Net Worth: Things You Need To Know! - The Hub Under Buss' ownership, the Lakers won ten championships and collected an all-star squad that included James Worthy, Magic Johnson, Shaquille O'Neal, and Kobe Bryant. Jerry Buss Net Worth. She began her career at the age of 19 when she became the general manager of the Los Angeles Strings, a professional tennis team. [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. Much of the real estate owned by mogul Stan Kroenke are shopping plazas situated near Walmart stores. Their hefty combined bank balance comes from numerous businessman and bankers in the family spread across three generations. Paul Allen was worth $20.3 billion when he passed away in 2018. [12] Buss received the Golden Plate Award of the American Academy of Achievement in 1983. Jeanie Buss Wiki, Age, Height, Biography, Net Worth, Marriage, Husband Its 206 properties include 107 malls. The embattled energy tycoon died in a single-vehicle crash in 2016 just one day after he was indicted on federal bid-rigging charges through his Chesapeake Energy company. BUSS'S NET WORTH IS APPROXIMATELY $150 MILLION. Buss Family Trust is a 66% controlling ownership of the Lakers passed to Jerry Buss' six children via a trust, with each child receiving an equal vote (11% for each child). Her wealth includes cars and houses. Recovering from the recent events, he became the president of his fathers indoor soccer team named the Los Angeles Lazers after his brother Johnny quit. Thiry has appeared on nationally televised sports broadcasts on Fox Sports 1. The richest NBA .