He has been the owner of the Cowboys since 1989. Jones is one of two owners in the league (the other is Cincinnati's Mike Brown) who have either the title or powers of general manager. Id do anything known to man to get to a Super Bowl, he said at a news conference in Jul. Jerry Jone's Wife | Net Worth. The Mediterranean-style mansion which set him back $6 million in 1992, is now estimated to be worth $28 million in 2020. After graduating from the University of Arkansas, Jerral W. Jones was listed as an executive vice president. Everyone is going to know your face, want your autograph, want to take a picture. LikeSportscastingon Facebook. 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). He wasn't interested, which I totally understood. Bezos has the massive wealth needed to buy the team on his own, and then build the state of the . I didn't want to fire him. The Dallas Cowboys owner has a net worth of 10.5 billion USD as of 2021. The following browsers are supported: Chrome, Edge (v80 and later), Firefox and Safari. He still invests in drilling opportunities as well as retail and residential real estate projects in Dallas. "Why would I play for another four hours when the deal was done?" Jerry Jones' yacht is worth a whopping $250 million. $6.5 billion. In particular, he was decisive in securing Fox as the NFC's primary broadcaster at a time when the traditional "Big Three" networks were trying to convince the league into accepting a rollback in television rights fees. According to Forbes, Joness real-time net worth was $10.4 billion as of Sep. 20, 2021. His most valuable asset, of course, is the Dallas Cowboys franchise. "Take Cowboys owner Jerry Jones (net worth: $8.8 billion)," said Forbes writer Mike Ozanian. This was Jones' first fine by the NFL. Please logout and login again. I wanted to say that it may not be the Cowboys, but theres nothing thats out of reach.. 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. Jones. On the other hand, his father, Jerry Jones' net worth is around $11 billion as of 2023 which he earned by owning the Dallas Cowboys. In 2019, the company picked up another 60 acres nearby. He became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. Put another way: Winning, it turns out, isn't everything. He tried to start several businesses in the late 60s. "He bought the franchise in 1989 for $150 million and has since added a number of big-ticket . Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. Updated: 7:36 PM CST February 23, 2023. Everybody here understands football, loves it, is not really interested in anything else in sports and has tunnel vision relative to football.. 6-keys: media/spln/nfl/reg/free/stories, at Jones is also the head of his real estate and investment company ( Blue Star Land ). Then, inMarch 1994, after the Cowboys had won their second Super Bowl under Johnson, Jones upset Johnson when he told reporters that any coach could have led the Cowboys to a Super Bowl. Has everything gone right for Kraft during his tenure? [40] He reappears in the season 21 episode "Moss Piglets. The calls for Santos expulsion are an escalation of GOP calls for his resignation over a ballooning lying scandal. "Even after all those years of being together, Jerry boggled my mind through that stretch. How Much is Dallas Cowboys Owner Jerry Jones Net Worth? [50] Jones has paid nearly $3 million to the woman and her mother, which included the woman's full tuition at Southern Methodist University and a $70,000 Range Rover on her 16th birthday. Bright who had previously purchased the Cowboys for $60 million. He made his fortune as an oil wildcatter in the 1970s. Permanently housed at the Lincoln Center for the Performing Arts, Tatiana is Chef Kwame Onwuachis new restaurant dedicated to telling Afro-Caribbean stories through food. The Jones family has pledged to donate $16.5 million to organizations supporting Arlington youth for over 33 years now. 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. I do think my mom was hoping he was going to relax, become a little more laid back.". According to Forbes, there are only three owners in the NFL who are worth more. But thats just part of his story. "The Dallas Cowboys fans are the greatest fans on Earth. That's the same as around $300 million today after adjusting for inflation. Jerry Jones, Robert Kraft and 23 More Of The Richest NFL Team Owners . Bum Bright offered to do that for Jerry, and in hindsight, he should've let him before he ever bought the team. 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. The Dallas Cowboys has a value of $8 billion. He paid $140 million for the Cowboys from the previous owner, H.R. FRISCO, Texas It's a crossover many probably didn't see coming. According to Forbes.com, the franchise is currently worth $2.3 billion, $500 million more than any other NFL team (the Patriots are next at $1.8 billion). More NFL offseason: League minicamp dates | Latest news, notes. Bloomberg reports Jones also has investments in real estate, hospitality management, and Papa Johns franchises. 6. As a result, he has been an influential figure for not just said NFL team but also the NFL as a whole. Besides his ownership of the Dallas Cowboys. The net worth of Jerry Jones is $13.5 billion. He was instrumental in brokering a deal between Stan Kroenke, San Diego Chargers owner Dean Spanos, and Oakland Raiders owner Mark Davis to ensure that Kroenke's SoFi Stadium plan passed, which it did via a 302 owners vote in favor. While in college, he met his wife Gene, a one time a beauty pageant winner. Tyler Blevins will join GameSquare, the gaming venture 40%-owned by billionaires Jerry Jones and John Goff, as its chief innovation officer. Theses are the Book Of Boba Fett episodes you need to watch before The Mandalorian Season 3. On the other hand, Jones confidence level about the Cowboys chances of capturing some championship hardware in the the near future should be at an all-time high. "Every NFL team was losing money, but here's the thing. 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. He and his family were set, for generations really. One night, he finally ventured out with his wife, Gene, for dinner, and sure enough, an older woman kicked him in the shin and said that was for Tom Landry. Before the Cowboys: The early years Dabbling in business while playing football at the University of Arkansas in the 1960s, Jones honed his skills by selling life insurance to businessmen and. Over the last decade, the Cowboys value increased over 220% from $1.50 billion to $4.80 . I didn't do this for that. First, Jones bought the Cowboys in 1989 for $140 million. Jones was the inspiration for the character Baxter Cain (Robert Vaughn), owner of the Dallas Felons, in the 1998 film BASEketball. They had big plans," Jerry Jones Jr. says. Eventually, he went back to Arkansas to get his Master's degree in Business and graduated in 1970. We've included them jointly above and used their average age, 62. Copyright 2023 Market Realist. Requests for money and other expenses exceeded the amount that Jones agreed to pay in the trust agreement between the parties by nearly $1 million over the years, including $33,000 for a "Sweet 16" birthday party, which was featured on the reality TV show Big Rich Texas. Obviously, though, parting ways with a few picks turned out to be an absolute steal. Diving into the net worth of Cowboys' owner Jerry Jones as the Dallas Cowboys battle the Las Vegas Raiders on Thanksgiving day. Jerry Jones megayacht is worth $250 million. Source of wealth: Oil (Jones Oil and Land Lease) and real estate (Blue Star Land Co.) Net worth: $4.2 billion (Forbes) Residence: Dallas . Today the team is worth at least $6.5 billion. But in a game where success is measured by regular-season records and postseason appearances, Jones has found a way to make a lot of money in the absence of wins. The NFL team is valued by Forbes at $5.7bn, making it the most valuable sports team in the. The Cowboys Owner Has a Net Worth of $8.6 Billion Jones had success long before he became the owner of the Cowboys. At one point, he hit all four corners of the U.S. in less than 24 hours. "Our first meeting was at Valley Ranch and there was no food except microwave popcorn, so we eventually leave for one of the airport hotels," Steinberg says. Jerry Jones bought the Dallas Cowboys for $140 million in 1989, they are now worth over $6.5 billion.Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value.He was laughed at for the former, but not the latter. "[53] Jones has expressed regret in not doing more to help the Black students feel more accepted at Little Rock.[54]. He is owner of the yacht Bravo Eugenia, named after his wife. Submit a correction suggestion and help us fix it! The Dallas Cowboys is based in the Dallas-Fort Worth metroplex. Jerry Jones is an American entrepreneur and businessman who has achieved inspirational wealth and status. You are going to be famous. Johnson was replaced by another University of Arkansas alum, Barry Switzer, who won Super Bowl XXX in the 1995 season for Jones and the Cowboys. Eugenia brings in gigantic cash, yet her total net worth is $10- $19 million as of February 2023. Jerry Jones Net Worth. "Part of the team had been auctioned and bought by the government. 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. Thanks to the terrific trio of Troy Aikman, Michael Irvin, and Emmitt Smith, Dallas won three Super Bowls in a four-year span, which certainly made ownership happy. The value of the team is now around $5.7 billion, making it one of the richest teams in any team sports. Since the dismissal, Jones indicated that he regrets the process of Landry's firing and his role in it. The magazine called Jones a wildcatter, someone who drills oils wells on land not known for being an oil field. On this Wikipedia the language links are at the top of the page across from the article title. Your login session has expired. The following year they defeated the Bills again to win Super Bowl XXVIII. During Jones' ownership, the Cowboys' value has appreciated from $140 million to about $5.5 billion, making Jones a multi-billionaire in the process. To win big, you have to play the big hand. . Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. Jones stated he did not give consideration to retaining Landry for even a season, as he said he would not have purchased the team unless he could hire Johnson as coach. After purchasing the Cowboys for roughly the same amount as Dak Prescotts contract, Jones went to work building a brand so he could capitalize off his teams popularity. Needless to say, he made a smart business decision to buy the Cowboys back in 1989. 2009 Opens new Cowboys venue, AT&T Stadium, in Arlington, Texas. But he was . [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]. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. His net worth jumped 76% to an estimated $16 billion thanks to big bets on real estate and . [citation needed] When that venture failed, Jones was given a job at his father's insurance company, Modern Security Life of Springfield, Missouri. His net worth is now estimated at $14 billion. North Little Rock was beginning to integrate in 1957. At the same time, he's so human in that he wants to be liked. According to an interview with Jones on HBO, after graduating from college in 1965, he borrowed a million dollars from Jimmy Hoffa's Teamsters union to open up a string of Shakey's Pizza Parlor restaurants in Missouri. Also, the value of an NFL franchise is bound to change depending on the popularity and performance of the team. Copyright 2023 Endgame360 Inc. All Rights Reserved. Jerry Jones is the general manager and owner of the Dallas Cowboys which is one of the most valued franchises in the sporting world. 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. The Cowboys won Super Bowl XXVII in the 1992 season,[18] as well as Super Bowl XXVIII the following year in the 1993 season. He was on his way to reshaping the NFL.". The woman is the daughter of a former airline employee that Jones met in Little Rock, Arkansas. According to Forbes, Jerry Jones' net worth is estimated at $13.7 billion. Just five years ago, the Cowboys accounted for 85% of his $5.2 billion net worth. He purchased the Cowboys in 1989 and built it into the world's most valuable sports team In May 2021, Forbes named the Cowboys the world's most valuable sports team, worth $5.7 billion after. But there's also underlying value. Jerry was always well liked by everyone," Gene says. When Jerry Jones purchased the Cowboys, they . As for the franchise he had just purchased, well, it was like Dixon advised him, a financial disaster, losing just shy of one million dollars a month. 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. Dallas Cowboys team owner Jerry Jones wants to make one thing clear head coach Mike McCarthys job is not on the line. He is known for owning the Dallas Cowboys NFL team. As of 2019, Charlotte has a net worth of $100 Million. "Then we went down a second time, Stephen came along, and we interviewed [longtime Cowboys president/general manager] Tex Schramm and a few of the financial folks with the team. [5], Jones attended the University of Arkansas, where he was a member of the Kappa Sigma fraternity. [6] He was co-captain of Arkansas' 1964 national championship football team. ", Jones is married and has three children. Built in 2018, it is the length of a football field and its end zones. He was also the. Dallas Cowboys owner Jerry Jones is being sued by a 25-year-old woman in North Texas claiming that he is her biological father. He used all his profits from those businesses to purchase the Dallas Cowboys for $150 million, and success was his demand. American billionaire businessman and owner of the Dallas Cowboys, 1964 Arkansas Razorbacks footballFWAA national champions, securing Fox as the NFC's primary broadcaster, "Only known remaining image of the store in which Jerry Jones grew up - Best of Arkansas Sports", "Arminta Jones Obituary - Springfield, MO | News-Leader", "Prominent Alumni - Kappa Sigma Fraternity", "New Cowboys Owner Fires Landry, Hires Jimmy Johnson, "Arkansas Celebrates 1964 National Title Team", Former Razorback Jerry Jones meets with Arkansas players College Football ESPN, "Jerry Jones asked Hoffa's Teamsters for a loan to buy the Chargers in 1966", "Jerry Jones Sports Biography, Photos & Rise to Success", "Dallas Cowboys, New York Yankees form joint concessions venture", "When Jerry Jones bought the Dallas Cowboys they were losing $1 million per month and now it is the most valuable team in the world", "1989 Dallas Cowboys Statistics and Players", "1960 Dallas Cowboys Statistics and Players", "Super Bowl XXVII - Dallas Cowboys vs. Buffalo Bills - January 31st, 1993", "Super Bowl XXVIII - Dallas Cowboys vs. Buffalo Bills - January 30th, 1994", "Super Bowl XXX - Pittsburgh Steelers vs. Dallas Cowboys - January 28th, 1996", "29 years ago yesterday, Jerry Jones bought the Cowboys. His finances, mostly through the sale of Arkoma, had changed dramatically. But the team isn't all he owns. Jerry Jr. is the chief sales and marketing officer, as well as vice president of the Cowboys. "I read about it after the fact, and did a little research and found out it was a pretty private transaction. Jones has been credited with much of the success of the NFL overall since 1989. "At that point, I really only wanted to buy the Cowboys, so I thought that dream was done. 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. Soon after the purchase he fired Tom Landry, the only coach in the team's history, and hired his old Arkansas teammate Jimmy Johnson. But Jerry wanted to go see Tom and do it in a classy way, and unfortunately, it backfired on him. And when you consider what it took for the Patriots to become a dynasty, Kraft deserves tremendous credit for doing something Jones has not: finding a way to sustain success. His net worth is $14 billion. 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. 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 | He is considered to be one of the richest NFL Team owners. What causes that is creating some aura, creating some excitement. He spent the next two decades making money and plotting his return to football. Hell, I've spent money as fast as anyone who has ever lived. 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. But who exactly are. The job comes with equity and a mandate to forge the future of the esports industry. Their youngest, Jerry Jr., attended Georgetown University and Southern Methodist University, where he earned his degree in law. After graduating from college in 1965, Jones borrowed a million dollars from the Teamsters union (which was run by Jimmy Hoffa at the time) to open up a number of Shakey's Pizza restaurants in Missouri. [13] Soon after the purchase, he fired longtime coach Tom Landry, to that point the only coach in the team's history,[14] in favor of his old teammate at Arkansas, Jimmy Johnson. Bezos is currently worth $115 billion, while Josh Harris's net worth is listed as $6.3 billion. "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. ", About a month after the purchase went public, Jerry received a phone call from his father, Pat, who wore many hats for his son: best friend, business mentor, and really, his conscious. Jerry Jones Brand deals and Endorsements (Image via AS USA) 79 years. That was the hardest thing for me, just that we got off to such a tough start because of the Tom Landry situation.". As per Bloomberg, Jerry Jones Net Worth in 2023 is estimated to be around $13.5 billion. That experiment failed and Jones went to work at Modern Security Life of Springfield, his father's insurance agency. they remain the most valuable franchise in the NFL. [citation needed], Jones became involved in the St. Louis Rams move back to Los Angeles with Stan Kroenke in 2016. He received his master's degree in business in 1970. The fact is, that was the plan after he and Mike McCoy sold their gas and oil company, Arkoma, for $175 million and Jerry Jr. started his freshman year at Georgetown University. And with the Cowboys earning their last Lombardi Trophy in 1995, Jones said hed do whatever it takes to get Americas Team back to the NFLs biggest game. 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. About Jerry Jones Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. For Jerry Jones, the price of admission into the NFL came out to $140 million. As they stood there, the bar jam-packed with people, Dixon said, "You realize that this is the last time you're ever going to be able to walk in a bar and no one knows you. After several other unsuccessful business ventures (including an attempt, again using Teamsters money, to purchase the American Football League's San Diego Chargers in 1967),[10] he began an oil and gas exploration business in Arkansas, Jones Oil and Land Lease, which became successful. Jones also heads up the real estate development firm Blue Star Land. This amount keeps fluctuating and could be attributed to his income and investment portfolio. Representing Aikman in the negotiations was super-agent Leigh Steinberg, who the movie character of Jerry Maguire was later based. As per Bloomberg, Jerry Jones Net Worth in 2023 is estimated to be around $13.5 billion. A former football player himself, Jones played for the. Honestly, that wasn't even the bad news. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. [4] With the success of the company, the Joneses assembled the 5,500-acre Buena Vista Ranch east of Springfield in Rogersville, Missouri, in the Ozark Mountains. What is the Dallas Cowboys net worth? Jerry was explaining to me how he was going to use this internet to grow the brand of the Dallas Cowboys. 2004-2023 CBS Interactive. The pressure was seemingly insurmountable. Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. Forbes has estimated. Built in 2018, it is the length of a football field and its end zones. One advisor told Jones that he would likely be losing $25 million a year by 1992. However, even though Jones boasts a net worth in excess of $10 billion and has Americas Team as part of his financial portfolio, he still falls short where it really matters to one of his peers with a little less spending power. After conflicts arose between Johnson and owner Jerry Jones, Jimmy agreed to leave in 1994 with a $2 million bonus. He has a large contemporary art collection. What is Jerry Jones' net worth? [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. For More Contents On Popular TikTok Star, Stay Tuned To AllStarBio. However, there is no guarantee that Robinson is available at 26, the Cowboys may need to trade up before another team snatches him. "Thing is, it wasn't about the Aikman contract. The deal came together pretty quickly after that and on Feb. 23, 1989, Dixon and Jones finalized the numbers with Bright in Dallas. 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. All net worths are calculated using data drawn from public sources. That's not what my career has been about. He has never been much of a sleeper, three or four hours most nights, and there have been stretches when he's especially stressed that an hour was considered his best Rip Van Winkle impersonation. Nov 11, 2017, 10:52 AM. In fact, to prevent a majority ownership situation, the number of shares an individual can purchase is limited. Jerry Jones stood by him, but there's no question that Cowboys executives and fans expect more. On the other side of the ball, the Cowboys have two rising stars in rookie linebacker Micah Parsons and second-year cornerback Trevon Diggs. Donald Trumps real net worth? Jones has a $10.7 billion net worth, according to Forbes, with his holdings headed by the Cowboys. Jerry Jones megayacht is worth $250 million. *** The Packers are a publicly traded, non-profit company owned by its shareholders. We have not gone, yet we're the most popular TV show there is on television. 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