He owns paintings by Matisse, Renoir, and Picasso. GOBankingRates. All this is old hat now, but no one was talking about it in 1989. He had an estimated net worth of $13 billion in 2020, far more than the third-richest owner (Jerry Jones, $8.6 billion). [51], In November 2022, a 1957 photo surfaced depicting a 14-year-old Jerry Jones witnessing an argument where White students attempted to prevent six African-American students from entering North Little Rock High School in Arkansas. Jerry Jones was born in Los Angeles, California, in 1942 and spent his childhood in North Little Rock, Arkansas. He also fired general manager Tex Schramm and took over complete control of football matters himself. Eventually, just a few days before the 1989 NFL Draft, a deal was reached, the largest for a rookie in league history: six years, $11.2 million. But there's also underlying value. He appeared as himself in the seventh season of the HBO series Entourage in 2010, in an episode of the TNT incarnation of Dallas titled "Truth and Consequences", which aired on July 4, 2012, in a series of commercials for the 2012 season of ESPN's Monday Night Football, and in the season 4 premiere of The League. At Arkansas, Jones' teammate was Jimmy Johnson, whom Jones would later hire as his first head coach after he purchased the Cowboys. That's not what my career has been about. Honestly, that wasn't even the bad news. And while Jones, 71, doesn't have plans to step down any time soon, when he does, the team will remain in the family; son Stephen Jones currently serves as Chief Operating Officer, Executive Vice President and Director of Player Personnel, daughter Charlotte Anderson is also an Executive Vice President, and Jerry Jones Jr. is the chief sales and marketing officer. First, Jones bought the Cowboys in 1989 for $140 million. Dallas has a diverse offense that features star power at every position except tight end. There was no contact for six weeks or so, and then after the Cowboys finished the season at 3-13, Bright reached out and dropped the asking price to $140 million $65 million for the team and $75 million for Texas Stadium. The asking price at the time was $200 million. To this day, Johnson is not included in the Dallas Cowboys "Ring of Honor." Jerry Jones megayacht is worth $250 million. Jerry Birth date: October 13, 1942 Age: 80 Zodiac Sign: Libra Height: 6' 4" Relationship Status: Married Net Worth: $11.7 billion Jerral's Social Media: Background Jerral Wayne Jones, A.K.A. In 2014, he was asked why Johnson was not in the Ring of Honor despite his two Super Bowl victories as coach of the Cowboys. Second, despite being known as "America's Team," the Cowboys have done little in recent years to earn the nickname. The Dallas Cowboys is based in the Dallas-Fort Worth metroplex. Jones also appeared as himself in a 1996 episode of the TV show Coach and in a 2007 television commercial for Diet Pepsi MAX, which also featured then Cowboys head coach Wade Phillips and quarterback Tony Romo. It was more a curious thing. Jerry Jones, Robert Kraft and 23 More Of The Richest NFL Team Owners . Now, what causes that? "After a month of researching it all, I told Jerry point-blank this was ridiculously overpriced and buying the Cowboys would be financial suicide. The yacht has been designed to use 30% less fuel than other yachts of its kind and can accommodate 14 guests and a crew of 30. He has been the owner of the Cowboys since 1989. The Dallas Cowboys are the world's most valuable sports franchise, worth an estimated $4.8 billion. *** The Packers are a publicly traded, non-profit company owned by its shareholders. Jerry Jones has a net worth that currently stands at an estimated $8.4 billion, according to Forbes. Hunt Family Jones has built the Cowboys into the most valuable sports franchises in the world, and guided them to three Super Bowl titles since 1989. The company, which an advertisement billed as a "one in a million" company, saw its assets increase from $440,299.76 in its first statement in 1961 to $6,230,607 in 1965. The team is currently valued at $8 billion. The team is currently worth $5.5 billion (4 billion). We want to use that as best we can to make this award show the greatest ever.. Jones has been credited with much of the success of the NFL overall since 1989. Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. The commitment to winning has continued, as the Cowboys advanced to the postseason in 2016, 2018 and 2021, giving the team 16 postseason appearances in the Jones era. "I read about it after the fact, and did a little research and found out it was a pretty private transaction. What is Jerry Jones' net worth in 2021? Jerry Jones has a net worth of $15.8 billion according to Forbes. It is highly recommended that you use the latest versions of a supported browser in order to receive an optimal viewing experience. After his graduation, Jones' parents moved to Springfield, Missouri, where Pat was president and chairman of Modern Security Life Insurance Co. He has also endorsed a couple of coaches for his team. World-renowned streamer Tyler "Ninja" Blevins and Jerry Jones are teaming up through the . At 5 a.m., Jerry and I are still talking. According to Forbes, Jones made his first million as an oil. Jones jumped into the workforce at age 9 as a customer greeter at his parent's grocery store, named Pat's Supermarket. One advisor told Jones that he would likely be losing $25 million a year by 1992. Stephen serves as the Cowboys' chief operating officer, executive vice president, and director of player personnel. Overall, though, its difficult to see Belichicks squad coming out on top against the Buffalo Bills, Cleveland Browns, Kansas City Chiefs, or Baltimore Ravens based on the talent disparity. At least, not where it really matters in the pro football world. As of 2022, hes the 2nd richest NFL owner after Panthers David Tepper. . The Cowboys havent come close to winning a title in quite a while. The Dallas Cowboys has a value of $8 billion. Bill Belichicks Incompetent Handling of Stephon Gilmore May Force Robert Kraft to Finally Take Back Control of His Beloved Patriots. In 2019, the company picked up another 60 acres nearby. How Much is Dallas Cowboys Owner Jerry Jones Net Worth? [23], Increased television revenues have played a decisive role in securing the NFL's place as the world's richest sports league, with revenues of well over $10 billion per season. In 1971, after selling the insurance company, the couple carved out 400 acres of their ranch to start Buena Vista Animal Paradise, where tourists could visit exotic animals (now Wild Animal Safari in Strafford, Missouri, just south of Interstate 44). As of 2023, Jerry Jones had a net worth of $8.5 billion, the majority of which comes from his ownership stake in the Dallas Cowboys. He fired Tom Landry, God's coach, a beloved figure, and held an admittedly bizarre, off-the-cuff press conference for which he wasn't prepared in the least. Jerry Jones is a well-known American billionaire businessman and is better known as the owner of the Dallas Cowboys of the National Football League (NFL). Bachelor of Arts/Science, University of Arkansas; Master of Arts, University of Arkansas. With Jones at the helm, the Cowboys earned victories in Super Bowls XXVII, XXVIII and XXX. In 2018, the company paid $38 million for a 200-acre site to be developed into a development called Star Business Park. I should point out, at the time, I couldn't have financially done it anyhow.". Just something to keep in mind as you peruse the graphic below. Here's what happened along the way. The NFL team is valued by Forbes at $5.7bn, making it the most valuable sports team in the. It was life changing. [29] There was particular criticism of Jones over his conflict with head coach Jimmy Johnson, as Jones "wanted Cowboys fans to know he had helped build those Super Bowl-winning teams", while "Johnson insisted that he made all of the personnel moves" because he had the final say in football matters and refused to relinquish this power. Jerry Jones watched his Dallas Cowboys beat the Los Angeles Chargers on Sep. 19, as he hobnobbed with rapper Post Malone and MMA boxer Conor McGregor in the Cowboys suite at SoFi Stadium in Inglewood, Calif. Sound like typical lifestyles of the rich and famous? I didn't do this for that. Jerry Jones has been the owner of the Dallas Cowboy since 1989. Reflects change since 5 pm ET of prior trading day. You are going to be famous. He still invests in drilling opportunities as well as retail and residential real estate projects in Dallas, in hospitality management and Papa John's franchises. In 2021, the Green Bay Packers were 70 percent of the way to profitability before even playing a down, due to the NFL's generous shared revenue model. Jerry Jones doesn't like to waste time. As you know, the Cowboys have not gone to the playoffs in several years, the owner said. Jerry Jone's Wife | Net Worth. Within days, never mind in the coming weeks, months and years, Jones would become one of the most recognizable men in sports. Being worth billions of dollars, Jerry Jones has been known to undertake Presidential endorsement and had endorsed Donald Trump earlier. But if he is not . Getty Images. His most valuable holding is the Dallas Cowboys, which. Jones' support and role in the negotiations was criticized by some fans and sports media in St. During his time in college, he was a member of the Kappa Sigma fraternity, a co-captain of the football team, and an all Southwest Conference offensive lineman. It breaks down all 32 NFL franchises by owner's age, when ownership was assumed, and the franchise's net worth. Trumps attacks against Fox News come as the right-wing network faces a $1.6 billion defamation lawsuit alleging its hosts knew Trumps election fraud claims were false. ** John Mara, 59, and Steve Tisch, 65, each own 50 percent of the Giants. [6] He was co-captain of Arkansas' 1964 national championship football team. Put another way: Winning, it turns out, isn't everything. [22] Much of the league's financial success since 1989 has been credited to Jones himself. Among the first orders of business, after significantly downsizing the team's employee count, was working out a contract agreement with Troy Aikman before they selected him with the No. Forbes has estimated. All rights reserved. Jerry has always been a caffeine junkie, but during those first few years owning the Cowboys, it was coffee all morning and iced tea all afternoon. Jones and Deion Sanders appeared together in several television commercials during Sanders' time with the Cowboys. Here are the best new movies available on Netflix in the month of March. Do not duplicate in any form without permission of the Dallas Cowboys. Jerry Jones has owned the Dallas Cowboys for 25 years. . The browser you are using is no longer supported on this site. The main source of wealth is the increased value of his Dallas Cowboys team. Likewise, the team, Dallas Cowboy is worth $4.8 billion. When looking at Jerry Jones' tenure as owner of the Dallas Cowboys, the logo on the side of his team's helmet is emblematic of the philosophy he takes towards building a football team. Plus, Kraft figured out a way to keep things working with Bill Belichick and Tom Brady for two decades an equally impressive accomplishment given the egos at play. But if you do, you'll never get the opportunity if you don't make the Cowboys work. I just wanted Jimmy Johnson as my head coach.". Jones "crossed the line", drawing a "six-figure" fine, sources said, as the commissioner distributed a memo to all 32 owners, along with a reminder that the gag order remains in effect. The NFL team is valued by Forbes at $5.7 billion, making it the most valuable sports team. [23] Bright had wanted to fire Landry as early as 1987, only to have Schramm tell him that there wasn't a suitable replacement available. "My parents were going to be empty-nesters and enjoy travel. Jones also initially promised head coach Bill Parcells complete control over football matters; however, their relationship broke down after Jones signed controversial wide receiver Terrell Owens. His life before becoming an actor. Now, the Cowboys are the most valuable asset in his portfolio with. [3] Jones was a running back at North Little Rock High School, graduating in 1960. Johnson still received a significant amount of credit for that third Super Bowl victory, as 70% of the starting line-up were from Johnson's years. It's Longer Than a Football Field Jerry Jones bought the Dallas Cowboys for $140 million in 1989, they are now worth over $6.5 billion. He was laughed at for the former, but not the latter. For More Contents On Popular TikTok Star, Stay Tuned To AllStarBio. Obviously, much of that can be attributed to the Dallas Cowboys, which have helped make him the 44th richest person in the United States. "Jerry called me in October, said he was thinking of buying the Cowboys and let's take a look at the books. Jerry bought the Dallas Cowboys from H.R. Initially, he started his own oil and gas exploration business, Jones Oil and Land Lease, but later his love for the game led him to purchase the Cowboys whom he's been with since 1989, and guided them all these years, making them one of the most valued sports franchises in the world. Just five years ago, the Cowboys accounted for 85% of his $5.2 billion net worth. Jones still invests in drilling opportunities as well as retail and residential real estate projects in Dallas, and in hospitality management and Papa John's franchises. He has seen many ups and downs in his career, but he didn't stop and continued his work. Donald Trumps real net worth? "Thing is, it wasn't about the Aikman contract. . Jones made comments both to the press and on his radio show, saying Hochuli was one of the most criticized officials in the NFL. He purchased the Dallas Cowboys franchise 31 years back for $60 million. 6. According to Forbes, Dallas Cowboys owner Jerry Jones, No. He made his first million in oil investments in the 1970s. Author: wfaa.com Published: 6:02 AM CST March 1, 2023 His family moved back to North Little Rock, Arkansas in 1945. The Cowboys owner currently holds a net worth of $13.5 billion as per Forbes. Jones' Dallas Cowboys have been on the top of Forbes' list of most valuable NFL teams since 2018. He was the executive vice president of the firm. I've never met anyone who could envision the future like Jerry can. Louis. 2023 Celebrity Net Worth / All Rights Reserved. Jerry Jones is an American CEO, entrepreneur, and owner of the NFL's Dallas Cowboys. And its safe to say his investment has more than paid off. They had borrowed huge amounts of money from Mr. [Harvey 'Bum'] Bright's banks," Jones says. ", The owner also said in the 2012 article that, Im very confident that if I got hit by a truck tomorrow, weve got a great succession plan. CBS Sports is a registered trademark of CBS Broadcasting Inc. Commissioner.com is a registered trademark of CBS Interactive Inc. site: media | arena: nfl | pageType: stories | After conflicts arose between Johnson and owner Jerry Jones, Jimmy agreed to leave in 1994 with a $2 million bonus. The pressure was seemingly insurmountable. Their daughter, Charlotte, is a graduate of Stanford and also holds a position with the Cowboys, as vice president and director of charities and special events. * While ownership remains with the estates of the Titans, Bills and Buccaneers, we will use the original dates Bud Adams, Ralph Wilson and Malcolm Glazer assumed ownership of their respective franchises. But thats just part of his story. Jerry Jones is a self-made man. He was also the. "Take Cowboys owner Jerry Jones (net worth: $8.8 billion)," said Forbes writer Mike Ozanian. and. Jerry got it, he saw what the league could be financially. Submit a correction suggestion and help us fix it! The signing bonus cancelled check is framed to this day on the wall of Jerry's study at his home. I wanted to be in football, but I wanted to collect the resources that I could. There would be no more risk-taking. Jones was born in Los Angeles, California, to John "Pat" and Armenita Jones. He somehow moved past it all and stayed positive. He became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. Jerry Jones bought the Dallas Cowboys for $140 million in 1989, they are now worth over $6.5 billion. In fact, to prevent a majority ownership situation, the number of shares an individual can purchase is limited. Related by education: University of Arkansas. Age. After graduating college in 1965, Jerry Jones opened up a host of Shakey's. The gains. He is owner of the yacht Bravo Eugenia, named after his wife. Jones has a $10.7 billion net worth, according to Forbes, with his holdings headed by the Cowboys. Here are some of Jones' assets: He had a brief cameo appearance as himself in the 1998 made-for-television reunion movie Dallas: War of the Ewings. Jones launched Jones Oil and Land Lease, a privately held company that does natural resource prospecting. Over the past four years, Jones has made more than 300% on oil and gas assets he acquired in North Dakota, compared to "just" a 58% gain in the value of the Cowboys over that same time. [citation needed], Jones became involved in the St. Louis Rams move back to Los Angeles with Stan Kroenke in 2016. Jerry Jones, with former Cowboys general manager Tex Schramm (standing) and Bum Bright in the background, took Dallas by storm when he bought the Cowboys in 1989. Jones is the subject of the 2008 book Playing to Win by David Magee. "Those were really hard times, and we had never experienced that. The value of the team is now around $5.7 billion, making it one of the richest teams in any team sports. He was talking about branding, TV contracts, independent deals of the NFL, naming rights for stadiums, sponsorships. Think mega-rich. By David Maraniss. Parcells' successor, Wade Phillips, complained to friends about being "undermined and second-guessed, repeatedly" by Jones. We lead all teams in TV ratings. "The Dallas Cowboys fans are the greatest fans on Earth. [8], Jones is one of a very small number of NFL owners who had a significant level of success as a football player.[9]. Bloomberg reports Jones also has investments in real estate, hospitality management, and Papa Johns franchises. We lead, 24 of the last top 25 shows were NFL games, and any time your Cowboys play they're up there at the top and leading. He's so competitive. Jerry Jones and his front office know they need to find talent in the draft to replace some high . Jerry was explaining to me how he was going to use this internet to grow the brand of the Dallas Cowboys. Never afraid to speak his mind and always looking for an opportunity to promote his beloved Dallas Cowboys, the 79-year-old has done a masterful job turning the franchise into a money-making machine. He also has made several appearances in television films and commercials. As per Bloomberg, Jerry Jones Net Worth in 2023 is estimated to be around $13.5 billion. . [21] During Jones' tenure, the Cowboys have appreciated in value to an estimated $5.5 billion, turning its owner into a billionaire in the process. The NFL's next-richest is Cowboys owner Jerry Jones, with an estimated net worth of $8.9 billion. In 2008, Jones formed a partnership with Yankee Global Enterprises to create Legends Hospitality, a food, beverage, merchandise, retail, and stadium operations corporation serving entertainment venues. The move to Fox significantly increased television revenues and ultimately turned the NFL into the world's richest sports league with revenues of more than $10 billion each season. The club has had back-to-back-to-back 8-8 records and haven't made the playoffs under coach Jason Garrett, who took over for Wade Phillips in 2010. When Jerry Jones purchased the Cowboys, they . He used all his profits from those businesses to purchase the Dallas Cowboys for $150 million, and success was his demand. Obviously, though, parting ways with a few picks turned out to be an absolute steal. In one scene, Jones is depicted as having huge, bulging chameleon-like eyes, as a young woman's head pops up from his lap. Jerry Jr. is the chief sales and marketing officer, as well as vice president of the Cowboys. But the team isn't all he owns. Jerry wanted to win as much as anyone, but he was going to run the Cowboys as a business. "I really couldn't have handled all that much worse and the really sad part of it is I idolized Tom Landry and everything he stood for. He received his master's degree in business in 1970. He attended North Little Rock High School followed by the University of Arkansas on a football scholarship. After his purchase, he fired the coach, Tom Landry, and hired Jimmy Johnson in his stead. His vision extends far beyond success on the football field. He wasn't interested, which I totally understood. The Dallas Morning News . Owner of Dallas Cowboys, former footballer, owner of Jones Oil and Land Lease, The Gene and Jerry Jones Family Arlington Youth Foundation, Jerry Jones is a well-known American billionaire businessman and is better known as the owner of the Dallas Cowboys of the National Football League (NFL). Jones said: "Disloyalty I couldn't handle the disloyalty.". While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. [48], Jones revealed in July 2015 at a press conference before Cowboys training camp that he had undergone hip replacement surgery, joking that he wouldn't start the season on the PUP list.[49]. Bright who had previously purchased the Cowboys for $60 million. The Cowboys owner currently holds a net worth of $13.5 billion as per. He has earned so much wealth by doing a lot of hard with full patience and dedication towards his work. 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