Bloomberg reports Jones also has investments in real estate, hospitality management, and Papa Johns franchises. Representing Aikman in the negotiations was super-agent Leigh Steinberg, who the movie character of Jerry Maguire was later based. You may not. While in college, he met his wife Gene, a one time a beauty pageant winner. They had big plans," Jerry Jones Jr. says. He became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. He wasn't interested, which I totally understood. The asking price at the time was $200 million. 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. I wanted to be in football, but I wanted to collect the resources that I could. The NFL's next-richest is Cowboys owner Jerry Jones, with an estimated net worth of $8.9 billion. The Dallas Cowboys are the world's most valuable sports franchise, worth an estimated $4.8 billion. Money cant buy titles, but it can help you get a seat at the table in pro sports. Bum Bright offered to do that for Jerry, and in hindsight, he should've let him before he ever bought the team. 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. He was going to make them profitable. [7] A few months later, he fired longtime general manager Tex Schramm, and assumed complete control over football matters. He has earned so much wealth by doing a lot of hard with full patience and dedication towards his work. Today, Jones' net worth is estimated to be about $8.4 billion. He is owner of the yacht Bravo Eugenia, named after his wife. . Now, the Cowboys are the most valuable asset in his portfolio with. He has been the owner of the Cowboys since 1989. At the same time, he's so human in that he wants to be liked. He still invests in drilling opportunities as well as retail and residential real estate projects in Dallas. As a result, he has been an influential figure for not just said NFL team but also the NFL as a whole. "That was Jerry's greatest challenge. Jerry Jones and his wife own an enormous home in the Highland Park area of Dallas, worth around $20 million. Likewise, the team, Dallas Cowboy is worth $4.8 billion. The last time Jones played golf a lifetime ago, his kids didn't even know he had ever played he closed a business deal on the first green, shook hands and promptly walked off the course, leaving his clubs in the cart. His net worth is now estimated at $14 billion. He has a large contemporary art collection. Photo by Rich Graessle/Icon Sportswire/Newscom. With Jones at the helm, the Cowboys earned victories in Super Bowls XXVII, XXVIII and XXX. That figure is mind-boggling for a couple reasons. We've included them jointly above and used their average age, 62. Jones also heads up the real estate development firm Blue Star Land. Please logout and login again. The deal came together pretty quickly after that and on Feb. 23, 1989, Dixon and Jones finalized the numbers with Bright in Dallas. Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. But, the truth is Jone's estimated net worth buoyed from his natural gas investments more than it is from "America's Team". *** The Packers are a publicly traded, non-profit company owned by its shareholders. "My parents were going to be empty-nesters and enjoy travel. Jerry Jones' yacht is worth a whopping $250 million. [26], Jones is often vilified by fans who remain bitter at his unceremonious firings of longtime Cowboys personnel who were fan favorites, head coach Tom Landry and general manager Tex Schramm, even though the Cowboys had done poorly the last few seasons before Jones became owner. 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. The net worth of Jerry is estimated at around or more than $10 Billion as of 2023. He tried to start several businesses in the late 60s. The woman is the daughter of a former airline employee that Jones met in Little Rock, Arkansas. [47] Jerry Jones Jr. is the Cowboys' chief sales and marketing officer/vice president. Charlotte serves as the Cowboys' executive vice president and chief brand officer. Before his foray into buying an NFL franchise, he did earn his initial riches in the oil and gas industry. His most valuable asset, of course, is the Dallas Cowboys franchise. The Cowboys owner currently holds a net worth of $13.5 billion as per. People may receive compensation for some links to products and services on this website. 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. In 2013, Jones narrated a documentary film on former teammate and business partner Jim Lindsey. I've never met anyone who could envision the future like Jerry can. His family moved back to North Little Rock, Arkansas in 1945. Age. Jones. Jones isnt just a businessman with a football team, like so many of his fellow NFL ownershes also a former football player. 2021, reported ESPN. 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. He was all-in. 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. Jerry was always well liked by everyone," Gene says. There would be no more risk-taking. [31] Over Jones' tenure, Cowboys fans have organized a number of grassroots efforts to displace Jones from his position. Besides his stake in the Dallas Cowboys, Jerry Jones' Jones Oil and Land Lease, as well as his stint as the vice president of Modern Security Life Insurance Co . What position of need would you like to see the team fill in free agency in order to help make sure of that? Still, this was the Cowboys. At 14,000 square feet, with two stories, the mansion includes six bedrooms, seven bathrooms, a swimming pool, spa, tennis court, and marble floors. 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). $2.5 billion, according to our most recent tally. However, there is no guarantee that Robinson is available at 26, the Cowboys may need to trade up before another team snatches him. Built in 2018, it is the length of a football field and its end zones. . And none of that would have occurred without Kraft. 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. He bought that team and saw an already strong brand skyrocket with Super Bowl dominance in the '90s. At 5 a.m., Jerry and I are still talking. "Even after all those years of being together, Jerry boggled my mind through that stretch. It is highly recommended that you use the latest versions of a supported browser in order to receive an optimal viewing experience. After conflicts arose between Johnson and owner Jerry Jones, Jimmy agreed to leave in 1994 with a $2 million bonus. [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. [6] He was co-captain of Arkansas' 1964 national championship football team. 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. By David Maraniss. Jerry Jones and his front office know they need to find talent in the draft to replace some high . Copyright 2023 Market Realist. 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. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. Everyone is going to know your face, want your autograph, want to take a picture. "After a month of researching it all, I told Jerry point-blank this was ridiculously overpriced and buying the Cowboys would be financial suicide. Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. In terms of the ultimate dream, well, the NFL kept moving the goal posts on Jones, the price tag of admission only kept growing, more so than Jerry's bank account, at least until 1988. Just five years ago, the Cowboys accounted for 85% of his $5.2 billion net worth. 2004 Enters joint venture with Papa John's for Texas pizza franchises. LikeSportscastingon Facebook. He is now worth $14.8 billion, a 63% increase since last year, according to Forbes estimates. Bezos has the massive wealth needed to buy the team on his own, and then build the state of the . Jerry Jones doesn't like to waste time. The Cowboys havent come close to winning a title in quite a while. $6.5 billion. According to Forbes, Jones made his first million as an oil. He was laughed at for the former, but not the latter. [36] Commissioner Roger Goodell had issued a gag order for all owners and team executives from discussing any aspect of the pending labor issues. We lead all teams in TV ratings. . I didn't want to fire him. [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. Jones and the Cowboys became winners very quickly, hoisting Super Bowl titles in 1992 and 1993 but soon after things began to unravel largely due to the spotlight, attention and jealousy. Tyler Blevins will join GameSquare, the gaming venture 40%-owned by billionaires Jerry Jones and John Goff, as its chief innovation officer. It didn't matter that it was six in the morning. But there's also underlying value. Jerry Jones is located in Dallas, Texas. Getty Images. Apparently he loves pizza, as he is the half-owner of 75 Papa John's pizza franchises, which should be noted goes great with Pepsi. . He has also endorsed a couple of coaches for his team. Submit a correction suggestion and help us fix it! Jerry Jones is known to invest heavily in oil ventures. As of 2022, Jerry Jones' net worth is an estimated $12.4 billion, making him the 3rd wealthiest NFL team owner right now. hobnobbed with rapper Post Malone and MMA boxer Conor McGregor. Jerry Jones isnt the most wealthy owner in the NFL, but hes undoubtedly the most recognizable and arguably the most powerful. As per Bloomberg, Jerry Jones Net Worth in 2023 is estimated to be around $13.5 billion. 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. Nov. 23 at 6:00 a.m. On the first day of classes at North Little Rock High, a crew-cut sophomore named Jerral Wayne Jones found his spot among a phalanx of . Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. His parents owned two branches of Pat's Super Market in the Rose City . He was all-in. Think mega-rich. According to his bio on the Cowboys website, Jones became the first NFL owner to lead a team to three Super Bowl championships in the first seven years of ownership. [8] Several future head coaches were assistant coaches for Broyles on the Razorbacks' staff during Jones' college career in Fayetteville, including three more members of the College Football Hall of Fame: Hayden Fry (Southern Methodist University, North Texas State University, and the University of Iowa); Johnny Majors (Iowa State University, University of Pittsburgh, and the University of Tennessee), and Barry Switzer (University of Oklahoma, and later head coach of the Cowboys under Jones). It was life changing. [7], Other notable teammates were Glen Ray Hines, a consensus All-American offensive tackle; Ken Hatfield, who went on to coach several major programs including Arkansas; Jim Lindsey; future Outland Trophy winner Loyd Phillips; and College Football Hall of Fame linebacker Ronnie Caveness. 2023 Celebrity Net Worth / All Rights Reserved. Cork Gaines. Jerry's association with football commenced when he started playing as a 'running back' for his college team. Second, despite being known as "America's Team," the Cowboys have done little in recent years to earn the nickname. We welcome all corrections and feedback using the button below. Jerry Jr. is the chief sales and marketing officer, as well as vice president of the Cowboys. After his graduation, Jones' parents moved to Springfield, Missouri, where Pat was president and chairman of Modern Security Life Insurance Co. It was a major financial meltdown, savings and loans banks were going under, oil and gas was at an all-time low, and to finance the loans to buy the team, Jerry was paying an 11.5 percent interest rate, or $40,000 a day," Dixon says. 1992 Cowboys win first of three Super Bowls under Jones. In one scene, Jones is depicted as having huge, bulging chameleon-like eyes, as a young woman's head pops up from his lap. 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. 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. 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. The browser you are using is no longer supported on this site. 1 overall pick. Just something to keep in mind as you peruse the graphic below. At least, not where it really matters in the pro football world. 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. Jones was inducted into the Pro Football Hall of Fame in 2017. Since the dismissal, Jones indicated that he regrets the process of Landry's firing and his role in it. 6. The Cowboys owner currently holds a net worth of $13.5 billion as per Forbes. [40] He reappears in the season 21 episode "Moss Piglets. 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. "Every NFL team was losing money, but here's the thing. Follow. There were many nights Jones slept in his office at Valley Ranch. How did Jerry Jones make his money before the Cowboys? 7, apparently saw the biggest gain this year. The money, I don't get a kick out of thinking about my bank accounts or like Scrooge looking at his stacks of money. 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. Jerry got it, he saw what the league could be financially. ", Jones laughed, and said, "Nah, owners aren't that well known.". Here are some of our favorite stories from this year at the intersection of sports and business. 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 . Jerry Jone's Wife | Net Worth. Luckily for Jerry Jones, the Cowboys have a real shot at representing the NFC in Super Bowl 56. He's so competitive. With an estimated net worth of $8.3 billion, Robert Kraft doesnt have quite the same riches as the Cowboys outspoken owner. 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. Sally Jenkins. Needless to say, he made a smart business decision to buy the Cowboys back in 1989. The Cowboys owner has a net worth of around $8.5 billion and took over the franchise in 1989. 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. ", 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. It was revealed last week that Jerry Jones attended a protest against desegregation in 1957, which the billionaire owner of the worlds most valuable sports team chalked up to his teenage curiosity. New court filings suggested Fox News hosts repeatedly pushed election fraud claims on-air despite acknowledging privately they knew they were false. In 2019, the company picked up another 60 acres nearby. They agreed to part ways on March 28, 1994, after the Cowboys had won their second straight Super Bowl, with Johnson getting a $2 million bonus. Four years earlier, he, like the rest of the world, didn't even know the Cowboys were for sale. 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. The deal came with significant risk, as Belichick arrived in New England with a losing record and a less-than-stellar reputation. Meanwhile, the Patriots have a mix of aging veterans on their last legs (Donta Hightower, Devin McCourty, Kyle Van Noy), a few high-upside youngsters (Josh Uche, Kyle Dugger), and some solid established starters (J.C. Jackson and Adrian Phillips). Just think about that a minute. When he started doing an hour on the elliptical every morning in his 50s, he would have a list of phone calls to make while doing so. [22] Much of the league's financial success since 1989 has been credited to Jones himself. He used all his profits from those businesses to purchase the Dallas Cowboys for $150 million, and success was his demand. At one point, he hit all four corners of the U.S. in less than 24 hours. Forbes has estimated. 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. He said, "I don't know if you ever want to do anything else with your life. "That was one of the most exciting nights of my career. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Dallas Cowboys owner Jerry Jones is being sued by a 25-year-old woman in North Texas claiming that he is her biological father. Jerry Jones told Yahoo Finance in September that he wouldn't sell the Dallas Cowboys for $10 billion. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. Jerry Jones: Net Worth: $14 billion: Source of Wealth: Dallas Cowboys NFL team: Born: October 13, 1942 . As the Cowboys focus on improving the team in 2023, they do so by accepting the harsh reality that Stephen Jones admits, the Cowboys were successful in 2022, but not "good enough.". That's not what my career has been about. The magazine called Jones a wildcatter, someone who drills oils wells on land not known for being an oil field. Diving into the net worth of Cowboys' owner Jerry Jones as the Dallas Cowboys battle the Las Vegas Raiders on Thanksgiving day. 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. Id do anything known to man to get to a Super Bowl, he said at a news conference in Jul. 30 Years Ago Jerry Jones Bought The Dallas Cowboys For $60 Million Today The Team Is Worth $6.5 Billion, How Jerry Jones Turned A Second Choice NFL Investment Into The Most Valuable Sports Team On The Planet, Here's How Much Jerry Jones Thinks The Dallas Cowboys Are Worth (Hint: It's A Lot). Hes nowhere near as rich as he boasts, nor as poor as his critics claim. This was Jones' first fine by the NFL. "Why would I play for another four hours when the deal was done?" In fact, Joness final game as a college football star was the 1965 Cotton Bowl, where he helped the team finish an undefeated season with a win against Nebraska. 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). My dad always has to have a challenge, and really, he can't sit still. Curated by. Jerry Jones (American Businessman, President and General Manager of the 'Dallas Cowboys Team' of the NFL) Jerry Jones is the man who single-handedly enabled 'Dallas Cowboys' to reclaim their former glory. The Cowboys owner made his first million through oil investments in the 1970s, Forbes reports. Jerry Jones stood by him, but there's no question that Cowboys executives and fans expect more. Storytelling On The Plate: Kwame Onwuachi's Afro-Caribbean Journey To Lincoln Center, Will Santos Be Expelled From Congress? ", After signing the papers, Jones and Dixon headed to a local bar for a drink. 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. But the team isn't all he owns. He paid $140 million for the Cowboys from the previous owner, H.R. The first season under Jones' ownership, the Cowboys finished 1-15. Jerry Jones has been the owner, president and general manager of the Dallas Cowboys of the NFL since 1989. As per Bloomberg, Jerry Jones Net Worth in 2023 is estimated to be around $13.5 billion. 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. As of December 2019, Jones' net worth is reported by Forbes to be $8.5 billion . But thats just part of his story. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. The team is currently valued at $8 billion. The Gene and Jerry Jones Family Arlington Youth Foundations mission is to enhance the quality of life for youth in the City of Arlington by funding programs and facilities dedicated to football and athletics, health and wellness, education and the arts through complementary grants. Although the Cowboys havent experienced much playoff success since, they remain the most valuable franchise in the NFL. Louis. As of 2022, hes the 2nd richest NFL owner after Panthers David Tepper. Jones owns a home in Destin, Florida. A small part of the collection is based in their Dallas house. According to the suit, Jones provided Cynthia Davis a $375,000 settlement, $57,000 in other expenses plus . Besides his ownership of the Dallas Cowboys. 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? According to Forbes.com, the franchise is currently worth $2.3 billion, $500 million more than any other NFL team (the Patriots are. Jones' Dallas Cowboys have been on the top of Forbes' list of most valuable NFL teams since 2018. "Jerry does have a huge heart and he wanted to do things the right way. I wanted to say that it may not be the Cowboys, but theres nothing thats out of reach.. I was sitting right where they were sitting, and I can remember it better than I can remember last month. [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. 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. During Jones' ownership, the Cowboys' value has appreciated from $140 million to about $5.5 billion, making Jones a multi-billionaire in the process. So, how did Jerry Jones make his money? 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. World-renowned streamer Tyler "Ninja" Blevins and Jerry Jones are teaming up through the . Soon after the purchase he fired Tom Landry, the only coach in the team's history, and hired his old Arkansas teammate Jimmy Johnson. "Part of the team had been auctioned and bought by the government. 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. He was also the founder and owner of Jones Oil and Land Lease, which searches for natural resources of oil and gas in Arkansas. But if you do, you'll never get the opportunity if you don't make the Cowboys work. Does have a huge heart and he wanted to be around $ 8.5 billion and over... Was six in the oil and gas industry in 1994 with a losing record and a less-than-stellar reputation I understood. And arguably the most valuable asset, of course, is the sales... 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