This amount keeps fluctuating and could be attributed to his income and investment portfolio. Jones has been credited with much of the success of the NFL overall since 1989. At the same time, he's so human in that he wants to be liked. Diving into the net worth of Cowboys' owner Jerry Jones as the Dallas Cowboys battle the Las Vegas Raiders on Thanksgiving day. Now, the Cowboys are the most valuable asset in his portfolio with. All this is old hat now, but no one was talking about it in 1989. they remain the most valuable franchise in the NFL. Check out what's clicking on Foxnews.com. They also have nine grandchildren. [35], In 2009, Jones was fined $100,000 for violating a gag order on labor issues, commenting that revenue sharing was "on its way out". Jerry was explaining to me how he was going to use this internet to grow the brand of the Dallas Cowboys. hobnobbed with rapper Post Malone and MMA boxer Conor McGregor. The pressure was seemingly insurmountable. The NFL team is valued by Forbes at $5.7bn, making it the most valuable sports team in the. Jerry Jones was born in Los Angeles, California, in 1942 and spent his childhood in North Little Rock, Arkansas. By David Maraniss. There were also heart problems. Getty Images. [citation needed], Jones became involved in the St. Louis Rams move back to Los Angeles with Stan Kroenke in 2016. Over the past four years, Jones has made more than 300% on oil and gas assets he. And none of that would have occurred without Kraft. and. [7] A few months later, he fired longtime general manager Tex Schramm, and assumed complete control over football matters. For Jerry Jones, the price of admission into the NFL came out to $140 million. In 1991, the Cowboys went 11-5 and made the playoffs, but lost in the second round. But there's also underlying value. I didn't want to fire him. He is now worth $14.8 billion, a 63% increase since last year, according to Forbes estimates. Built in 2018, it is the length of a football field and its end zones. The recent paternity suit filed against Cowboys owner Jerry Jones by a 25-year-old congressional aide has sparked a claim by Jones that Alexandra Davis is involved in " multiple monetary extortion attempts ." And the extortion attempts potentially involve, in the opinion of Jones, the ex-husband of Jones's daughter, Charlotte Jones Anderson. [11] His privately held company currently does natural resource prospecting. 2004-2023 CBS Interactive. 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. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. Jerry Jones, Robert Kraft and 23 More Of The Richest NFL Team Owners . * 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. [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. He used all his profits from those businesses to purchase the Dallas Cowboys for $150 million, and success was his demand. He was all-in. 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. He kept his oil career going in 2018, becoming the controlling shareholder in Comstock Resources, an oil and gas company in Texas. The majority of Jones's fortune is derived from his ownership of the Dallas Cowboys, the National Football League franchise he purchased in 1989 for a then-record $150 million, Jones said. Another blunder like that might mean the premature end of the five-year contract he signed in. 6. Put another way: Winning, it turns out, isn't everything. 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 toughest moment we've had through these years of owning the Cowboys is the Tom Landry situation," says Stephen Jones. As of 2022, Jerry Jones' net worth is an estimated $12.4 billion, making him the 3rd wealthiest NFL team owner right now. But he was . Jones isnt just a businessman with a football team, like so many of his fellow NFL ownershes also a former football player. He purchased the Dallas Cowboys franchise 31 years back for $60 million. Just five years ago, the Cowboys accounted for 85% of his $5.2 billion net worth. Most of Jerry Jones' net worth is from the $4.2 billion assessment of the value of the Dallas Cowboys, but he has several other financial interests as well. Speaking from the combine, Jones reiterated his belief that Prescott can bring the Cowboys a Super Bowl, but he admits the team needs to have a clear strategy for dealing with the $49.2 million he . ** John Mara, 59, and Steve Tisch, 65, each own 50 percent of the Giants. Luckily for Jerry Jones, the Cowboys have a real shot at representing the NFC in Super Bowl 56. Jerry Jones has a net worth of $15.8 billion according to Forbes. 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. Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. Even after you adjust for inflation, and the price becomes roughly $300 million, Jones has gotten an incredible return on his. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Owner Jerry Jones has over the years told our Mike Fisher and yours truly how much he values being both a "businessman'' and a "sportsman.'' Alas, if only he was equally good at both. The first season under Jones' ownership, the Cowboys finished 1-15. He had an estimated net worth of $13 billion in 2020, far more than the third-richest owner (Jerry Jones, $8.6 billion). Updated March 12, 2022 5:27 PM On March 3, a 25-year-old congressional aide from North Texas filed a lawsuit saying Dallas Cowboys owner Jerry Jones is her father. Ultimately, Jones may have the higher net worth, but he remains well behind Kraft in terms of NFL wealth. [38], Jones also appears in a 2013 Pepsi commercial, walking into an elevator filled with three men wearing New York Giants apparel, who look at him with discontent. This guy was so far beyond what anyone else was thinking at the time. I didn't do this for that. 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 said, "I don't know if you ever want to do anything else with your life. Four years earlier, he, like the rest of the world, didn't even know the Cowboys were for sale. "I wouldn't say he would have retired by any stretch; he would have found something to create. That's not what my career has been about. "Part of the team had been auctioned and bought by the government. "Take Cowboys owner Jerry Jones (net worth: $8.8 billion)," said Forbes writer Mike Ozanian. 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. At one point, he hit all four corners of the U.S. in less than 24 hours. The Cowboys have not won a Super Bowl since Super Bowl XXX. The team is currently worth $5.5 billion (4 billion). And its safe to say his investment has more than paid off. Copyright 2023 Market Realist. 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. You have to make it work or you're going to be recognized as a failure.". 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. Jones has a net worth of $10.7bn, according to Forbes, with his holdings headed by the Cowboys. ", Jones laughed, and said, "Nah, owners aren't that well known.". He has also endorsed a couple of coaches for his team. In May 2021, Forbes named the Cowboys the worlds most valuable sports team, worth $5.7 billion after a 43-percent increase in value over five years. All Rights Reserved. Before his foray into buying an NFL franchise, he did earn his initial riches in the oil and gas industry. Bezos has the massive wealth needed to buy the team on his own, and then build the state of the . Even more impressively, Tepper's net worth was greater than that of . [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]. He has been the owner of the Cowboys since 1989. 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. Jones has an estimated net worth of about $5.6 billion; all being the co-owner of the Dallas Cowboys. Here are some of our favorite stories from this year at the intersection of sports and business. [39], He was parodied on the first episode, "Go Fund Yourself", of the eighteenth season of South Park, along with several other NFL team owners. Jerry Jones has owned the Dallas Cowboys for 25 years. During those first nine months as the Cowboys owner, Jones was flying around the country so much that his plane's fuel bill averaged $50,000 a month. They had big plans," Jerry Jones Jr. says. His parents owned two branches of Pat's Super Market in the Rose City . Bill Belichicks Incompetent Handling of Stephon Gilmore May Force Robert Kraft to Finally Take Back Control of His Beloved Patriots. He is known for owning the Dallas Cowboys NFL team. 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. Jerry Jones is an American billionaire who owns the NFLs Dallas Cowboys. There was another factor in play, that being that a lot of Dallas types weren't thrilled with someone from Arkansas buying their football team. 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. While he never has to worry about being able to afford a potential purchase, Jones has learned the hard way that wealth doesnt necessarily equate to success. 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. Over the last decade, the Cowboys value increased over 220% from $1.50 billion to $4.80 . Bachelor of Arts/Science, University of Arkansas; Master of Arts, University of Arkansas. Jerry Jones declined to talk about his ongoing paternity suit at NFL owners' meetings. At least, not where it really matters in the pro football world. He received his master's degree in business in 1970. We lead all teams in TV ratings. He and his family were set, for generations really. [6] He was co-captain of Arkansas' 1964 national championship football team. 7, apparently saw the biggest gain this year. Meanwhile, the Patriots won six Super Bowl titles between 2001-18 while dominating their division and making going to the AFC Championship a near-annual trip. "Those were really hard times, and we had never experienced that. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. His most valuable holding is the Dallas Cowboys, which he bought for $150 million in 1989. Donald Trumps real net worth? Copyright 2023 Endgame360 Inc. All Rights Reserved. Even with inflation, thats a far cry from the $150 million Jones spent to purchase the team in 1989. "Jerry does have a huge heart and he wanted to do things the right way. If there was a singular belief of the Jones family, one which was instilled in Jerry more so than any other, it was this: There is no dream too big. Apart from owning the Dallas Cowboys, Jerry Jones made his first million in oil investments in the 1970s. Jerry Jones has been the owner of the Dallas Cowboy since 1989. In one scene, Jones is depicted as having huge, bulging chameleon-like eyes, as a young woman's head pops up from his lap. According to the suit, Jones provided Cynthia Davis a $375,000 settlement, $57,000 in other expenses plus . 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. North Little Rock was beginning to integrate in 1957. The team is currently worth $6.5 billion, and Jones fortune comes in at $5.6 billion. That brought Jerry Jones' total investment to $140 million. That night was the first time anyone ever mentioned the internet to me. Jerry Jones' Net Worth. He was the executive vice president of the firm. Please logout and login again. Chairman/CEO: Arthur Blank Net worth: $5.7 billion Purchase price: $545 million (2002) Current franchise valuation: $2.755 billion Value appreciation: 506% Annualized appreciation: 9.4% How he . Whether this ever had a chance of becoming reality, whether he could have shut down that brilliant mind of his from working 22 hours a day, that's a debate for another time. That was the hardest thing for me, just that we got off to such a tough start because of the Tom Landry situation.". He also fired general manager Tex Schramm and took over complete control of football matters himself. Jerry Jones Jr. is the Cowboys' chief sales and marketing officer/vice . After graduating from the University of Arkansas, Jerral W. Jones was listed as an executive vice president. In March 2022, Jones was served with legal action by a 25-year-old woman who claimed that he is her biological father. Her father, Jerry Jones has a net worth of $6.8 Billion. He has seen many ups and downs in his career, but he didn't stop and continued his work. To win big, you have to play the big hand. According to Forbes, Dallas Cowboys owner Jerry Jones, No. "He bought the franchise in 1989 for $150 million and has since added a number of big-ticket . The Dallas Cowboys is based in the Dallas-Fort Worth metroplex. Jerral Wayne Jones (born October 13, 1942)[1] is an American businessman who has been the owner, president, and general manager of the Dallas Cowboys of the National Football League (NFL) since February 1989. Thats a fact., Latest National Football League (NFL) News and Updates. It didn't matter that it was six in the morning. "Every NFL team was losing money, but here's the thing. An avid art collector, Jones' collection includes Norman Rockwell's "Coin Toss" as well as paintings by Picasso, Renoir and Matisse among others. In the book, Jones admitted he handled the firing of Landry poorly and accepted some blame for the disintegration of his relationship with Landry's successor, Jimmy Johnson. Market Realist is a registered trademark. 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. He wasn't interested, which I totally understood. You may not. It later emerged that Jones' predecessor, Bright, had been dissatisfied with Landry for years and offered to relieve Jones of the inevitable criticism by dismissing the longtime coach himself prior to selling the team. [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. Updated: 7:36 PM CST February 23, 2023. The Cowboys owner made his first million through oil investments in the 1970s, Forbes reports. One advisor told Jones that he would likely be losing $25 million a year by 1992. 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 job comes with equity and a mandate to forge the future of the esports industry. Bum Bright offered to do that for Jerry, and in hindsight, he should've let him before he ever bought the team. 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. 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. 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. Dallas has a diverse offense that features star power at every position except tight end. 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. Jones' and Johnson's relationship began to fall apart in 1993 over a power struggle. But at 46 years young in 1988, Jerry Jones, the man who doesn't want to waste a single second of the day, was ready to take a few steps back, do some traveling, enjoy his family, and who knows, maybe even take up golf again. Charlotte serves as the Cowboys' executive vice president and chief brand officer. His vision extends far beyond success on the football field. World-renowned streamer Tyler "Ninja" Blevins and Jerry Jones are teaming up through the . This was denounced by football fans and media as lacking class and respect, as pride and tradition were part of the Cowboys, where great performance and loyal service were expected to be rewarded. Thing is, just a few weeks earlier, Jones had told his accountant, Jack Dixon, that he had no plans of ever touching the money, that all the stress of the previous 25 years was behind him. It breaks down all 32 NFL franchises by owner's age, when ownership was assumed, and the franchise's net worth. But thats just part of his story. [34], Jones was fined $25,000 by the NFL for publicly criticizing referee Ed Hochuli after Hochuli made a call in a game between the San Diego Chargers and the Denver Broncos on September 14, 2008. Jerry Jones's Yacht (Source: Instagram) Jerry is the owner of the NFL team Dallas Cowboys. 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"That was Jerry's greatest challenge. His life before becoming an actor. 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. Jimmy right there at the table. Also, the value of an NFL franchise is bound to change depending on the popularity and performance of the team. [2] His parents owned two branches of Pat's Super Market in the Rose City neighborhood of North Little Rock. Jerry Jones megayacht is worth $250 million. [20], At the time of the sale, the financially troubled Bright claimed to be losing $1 million per month on the franchise. 1992 Cowboys win first of three Super Bowls under Jones. He grew up in Arkansas and played football for the University of Arkansas Razorbacks, as he told members of the team before the 2007 Cotton Bowl in Dallas. Since the dismissal, Jones indicated that he regrets the process of Landry's firing and his role in it. It would have been inconceivable to me to think that someday I might be standing here in Dallas owning the Dallas Cowboys. The net worth of Jerry Jones is $13.5 billion. A former football player himself, Jones played for the University of Arkansas. Jerry Jones told Yahoo Finance in September that he wouldn't sell the Dallas Cowboys for $10 billion. And with Prescott playing at an MVP level, it wouldnt be a surprise if the Lombardi Trophy makes it way back to Dallas sooner than later. Jones. "I think a lot of people had this view of Jerry being a guy that's coldblooded and didn't respect Tom, and it was just the opposite. The signing bonus cancelled check is framed to this day on the wall of Jerry's study at his home. I would n't say he would likely be losing $ 25 million year! Future of the Giants began to fall apart in 1993 over a struggle... S Super Market in the St. Louis Rams move back to Los Angeles, California, in 1942 and his! 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