He received his master's degree in business in 1970. ** John Mara, 59, and Steve Tisch, 65, each own 50 percent of the Giants. 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. [27], Some of the fan criticism is due to Jones' high visibility and involvement as the "face of the team",[28] a contrast to both Bright and the Cowboys' original owner, Clint Murchison Jr. Jones' prominent role has led to fans expressing displeasure with Jones and the lack of success of the franchise, with particular criticism of Jones' serving as his own general manager. 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. 2004 Enters joint venture with Papa John's for Texas pizza franchises. In this photo, NFL owner Jerry Jones of the Dallas Cowboys stands on the sidelines before the game against the Denver Broncos at Sports Authority Field at Mile High in Denver, Colorado, Sept. 17 . What causes that is creating some aura, creating some excitement. 1.75m. The net worth of Jerry is estimated at around or more than $10 Billion as of 2023. A small part of the collection is based in their Dallas house. He wasn't interested, which I totally understood. [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. World-renowned streamer Tyler "Ninja" Blevins and Jerry Jones are teaming up through the . [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. "Those were really hard times, and we had never experienced that. The Cowboys owner currently holds a net worth of $13.5 billion as per Forbes. What is Jerry Jones' net worth in 2021? His net worth is $14 billion. It didn't matter that it was six in the morning. [47] Jerry Jones Jr. is the Cowboys' chief sales and marketing officer/vice president. But the team isn't all he owns. It was time to relax. It breaks down all 32 NFL franchises by owner's age, when ownership was assumed, and the franchise's net worth. [30], Jones is one of two owners in the league (the other being Cincinnati's Mike Brown) who have either the title or powers of general manager. Before his foray into buying an NFL franchise, he did earn his initial riches in the oil and gas industry. After conflicts arose between Johnson and owner Jerry Jones, Jimmy agreed to leave in 1994 with a $2 million bonus. What position of need would you like to see the team fill in free agency in order to help make sure of that? The following year they defeated the Bills again to win Super Bowl XXVIII. He said, "I don't know if you ever want to do anything else with your life. Despite the almost constant negative press, despite people shouting insults and cursing at him in public, really on a daily basis, Jones and Johnson went to work, one on the business end, the other football. ", 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. Charlotte serves as the Cowboys' executive vice president and chief brand officer. On this Wikipedia the language links are at the top of the page across from the article title. [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). Following Jones is Rams owner Stan Kroenke, who has dropped down to "only" $8.2 billion, with Forbesestimating he has lost 18 percent of his wealth in the last year. Jones and Deion Sanders appeared together in several television commercials during Sanders' time with the Cowboys. His most valuable asset, of course, is the Dallas Cowboys franchise. The Cowboys face lots of questions about their roster before Week 1 of the 2023 NFL season arrives. 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. Blue Star wants to create a 400,000 square foot merchandising distribution and sales centerfor the Cowboys on part of the property. Jones also heads up the real estate development firm Blue Star Land. 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. Jerry Jones doesn't like to waste time. As Eugenia's significant other half is a tycoon, Jerry has a net worth of $13.9 billion. [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. 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 . 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. "He bought the franchise in 1989 for $150 million and has since added a number of big-ticket . 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. After a 2018 deal, Jones became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. Their youngest, Jerry Jr., attended Georgetown University and Southern Methodist University, where he earned his degree in law. . He became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. The team is currently worth $5.5 billion (4 billion). Bright who had previously purchased the Cowboys for $60 million. He had a brief cameo appearance as himself in the 1998 made-for-television reunion movie Dallas: War of the Ewings. [24], The 2020 NFL season was Jones' 32nd as Cowboys owner, more than the combined tenures of his predecessors. Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. Jerry Jones, Robert Kraft and 23 More Of The Richest NFL Team Owners . . Jones also stated: "I don't know that I or anybody anticipated or had a background of knowing what was involved. Even after you adjust for inflation, and the price becomes roughly $300 million, Jones has gotten an incredible return on his. Has everything gone right for Kraft during his tenure? and. In 1991, the Cowboys went 11-5 and made the playoffs, but lost in the second round. You are going to be famous. He has also endorsed a couple of coaches for his team. I do think my mom was hoping he was going to relax, become a little more laid back.". In the book, Jones admitted he handled the firing of Landry poorly and accepted some blame for the disintegration of his relationship with Jimmy Johnson. He was all-in. The team is currently worth $6.5 billion, and Jones fortune comes in at $5.6 billion. 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. But if you do, you'll never get the opportunity if you don't make the Cowboys work. There were also heart problems. He somehow moved past it all and stayed positive. In 2013, Jones narrated a documentary film on former teammate and business partner Jim Lindsey. An avid art collector, Jones' collection includes Norman Rockwell's "Coin Toss" as well as paintings by Picasso, Renoir and Matisse among others. We have not gone, yet we're the most popular TV show there is on television. 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 . 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. Here's an illustrated timeline of his tenure in Dallas", "Cowboys' Jerry Jones opens up to News about trying to end Super Bowl drought, Tony Romo, Dak Prescott and possible HoF election", "NFL took in $13 billion in revenue last season see how it stacks up against other pro sports leagues", Sports Illustrated features state of Virginia in series of 50 state-specific weekly sections, Ex-Cowboys Owner Bright Almost Fired Landry in '87, "Jerry Jones built a Hall of Fame legacy for knowing how to 'stir it up a little bit', "Why Jerry Jones' argument for keeping GM role no longer holds water", "Jerry Jones can't buy what he really wants", "Dallas Cowboys owner Jerry Jones explains why he is also the team president and GM", "Report: Still an NFL power broker, Cowboys' Jerry Jones helps Rams earn Los Angeles move", "How Cowboys owner Jerry Jones got this Vegas Raiders deal done", "NFL fines Cowboys' Jerry Jones $100,000 for CBA remarks", "Pepsi and the NFL get fans pumped for football all season long", "Cowboys GM Jerry Jones named NFL Executive of the Year by PFWA", "Pro Football Hall of Fame's Class of 2017 - Pro Football Hall of Fame Official Site", "Jerry Jones to Receive Distinguished Texan Award > National Football Foundation > NewsDetail", "Golden Plate Awardees of the American Academy of Achievement", "Jerry Jones Honored With Horatio Alger Award", "Charlotte Jones Anderson official Dallas Cowboys bio", "Guess Which Celebrities Vacation in Destin, Florida? Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. As of 2022, Jerry Jones' net worth is an estimated $12.4 billion, making him the 3rd wealthiest NFL team owner right now. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. The deal came together pretty quickly after that and on Feb. 23, 1989, Dixon and Jones finalized the numbers with Bright in Dallas. LikeSportscastingon Facebook. "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. Explore Jerry Jones's Bio-Wiki, net worth & salary in 2023. Jones also became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. 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. So my dream was both. "Take Cowboys owner Jerry Jones (net worth: $8.8 billion)," said Forbes writer Mike Ozanian. That wasn't the case in the fall of 1988 when word came the Cowboys were once again on the block. ", Jones is married and has three children. 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. ", After signing the papers, Jones and Dixon headed to a local bar for a drink. Jones has a $10.7 billion net worth, according to Forbes, with his holdings headed by the Cowboys. GOBankingRates. "[53] Jones has expressed regret in not doing more to help the Black students feel more accepted at Little Rock.[54]. Jerry Jones declined to talk about his ongoing paternity suit at NFL owners' meetings. As of December2019[update], Jones' net worth is reported by Forbes to be $8.5 billion, the majority of which can be accounted for as being his ownership stake in the Cowboys who are currently valued by the same publication to be the world's most valuable sports team at $5 billion. hobnobbed with rapper Post Malone and MMA boxer Conor McGregor. I've never met anyone who could envision the future like Jerry can. Jones is the subject of the 2008 book Playing to Win by David Magee. 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. At Arkansas, Jones' teammate was Jimmy Johnson, whom Jones would later hire as his first head coach after he purchased the Cowboys. In one scene, Jones is depicted as having huge, bulging chameleon-like eyes, as a young woman's head pops up from his lap. He is known for owning the Dallas Cowboys NFL team. Updated: 7:36 PM CST February 23, 2023. Jerry Jones Jr. is the Cowboys' chief sales and marketing officer/vice . Follow us on Twitter@sportscasting19. The Dallas Cowboys is based in the Dallas-Fort Worth metroplex. FRISCO, Texas It's a crossover many probably didn't see coming. . Copyright 2023 Endgame360 Inc. All Rights Reserved. The Mediterranean-style mansion which set him back $6 million in 1992, is now estimated to be worth $28 million in 2020. More NFL offseason: League minicamp dates | Latest news, notes. He made his first million in oil investments in the 1970s. I wanted to be in football, but I wanted to collect the resources that I could. Jerry Jones has a net worth of $11 billion. 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. He is the son of Arminta Jones and J.W. But his team received plenty of positive press for winning at an unprecedented clip a particularly impressive feat given the constraints of the salary cap. 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.". The gains. [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 does have a huge heart and he wanted to do things the right way. Louis. "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. People may receive compensation for some links to products and services on this website. His most valuable holding is the Dallas Cowboys, which he bought for $150 million in 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. "Jerry called me in October, said he was thinking of buying the Cowboys and let's take a look at the books. Tyler Blevins will join GameSquare, the gaming venture 40%-owned by billionaires Jerry Jones and John Goff, as its chief innovation officer. 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. North Little Rock was beginning to integrate in 1957. 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. He also has made several appearances in television films and commercials. [11] His privately held company currently does natural resource prospecting. Dallas Cowboys owner Jerry Jones is being sued by a 25-year-old woman in North Texas claiming that he is her biological father. I should point out, at the time, I couldn't have financially done it anyhow.". He spent the next two decades making money and plotting his return to football. 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 | In 2018, Jones told Atlanta Journal-Constitution reporter Mark Lane that serving as his own general manager helps streamline decision-making and communication lines with the coaching staff. He attended North Little Rock High School followed by the University of Arkansas on a football scholarship. Jones. About Jerry Jones Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. The Cowboys owner currently holds a net worth of $13.5 billion as per. [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 family moved back to North Little Rock, Arkansas, in 1945. Despite having a smaller net worth than Jones, New England Patriots owner Robert Kraft possesses plenty of valuable items money cant buy. Since the dismissal, Jones indicated that he regrets the process of Landry's firing and his role in it. To win big, you have to play the big hand. 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. The Cowboys won Super Bowl XXVII in the 1992 season,[18] as well as Super Bowl XXVIII the following year in the 1993 season. Jerry Jones is known to invest heavily in oil ventures. After all, dont forget the Patriots didnt just hire Belichick. At one point, he hit all four corners of the U.S. in less than 24 hours. Just five years ago, the Cowboys accounted for 85% of his $5.2 billion net worth. "Every NFL team was losing money, but here's the thing. 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 . He still invests in drilling opportunities as well as retail and residential real estate projects in Dallas. Jerry bought the Dallas Cowboys from H.R. The Cowboys havent come close to winning a title in quite a while. He has earned so much wealth by doing a lot of hard with full patience and dedication towards his work. Minority owners: None. They have three children, Stephen, Jerry Jr., and Charlotte. A former football player himself, Jones played for the. But who exactly are. At one point, again using Teamster's money, Jones tried to buy the NFL's San Diego Chargers. [33] Jones was also a key proponent of the Oakland Raiders' move to Las Vegas to play at Allegiant Stadium. ", "Cowboys owner Jerry Jones gets promise he won't be placed on PUP list after hip replacement", "Woman sues Jerry Jones, alleges he's her father", "Dallas Cowboys owner Jerry Jones paid millions to woman who filed paternity lawsuit, lawyer says", "Jerry Jones fields questions about 1957 photo published in report", "Cowboys owner Jerry Jones identified in troubling 1957 segregation photo", https://en.wikipedia.org/w/index.php?title=Jerry_Jones&oldid=1142275304, National Football League general managers, Players of American football from Arkansas, Players of American football from Los Angeles, Short description is different from Wikidata, All Wikipedia articles written in American English, Dallas Cowboys currentteam parameter articles, Infobox NFL biography articles missing alt text, Articles with unsourced statements from September 2021, Articles with unsourced statements from December 2017, Articles containing potentially dated statements from December 2019, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License 3.0, 2010 NFF Gridiron Club of Dallas Distinguished Texan Award, Ducks Unlimited (Arkansas branch) Jerry Jones Sportsmans Award named in his honor, This page was last edited on 1 March 2023, at 14:12. He's not happy unless he's pleasing everyone. 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. There would be no more risk-taking. Jerry Jones and his front office know they need to find talent in the draft to replace some high . pic.twitter.com/qXyO5MAf3p 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. Storytelling On The Plate: Kwame Onwuachi's Afro-Caribbean Journey To Lincoln Center, Will Santos Be Expelled From Congress? As of December 2019, Jones' net worth is reported by Forbes to be $8.5 billion . 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. 6. Your login session has expired. 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. There were many nights Jones slept in his office at Valley Ranch. You have to make it work or you're going to be recognized as a failure.". Jones' and Johnson's relationship began to fall apart in 1993 over a power struggle. New court filings suggested Fox News hosts repeatedly pushed election fraud claims on-air despite acknowledging privately they knew they were false. He was an offensive lineman for College Football Hall of Fame coach Frank Broyles and a teammate of college football and NFL coach Jimmy Johnson, whom Jones hired as his first head coach after purchasing the Cowboys. 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. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. How did Jerry Jones make his money before the Cowboys? In February 1989, Jerry Jones bought the Dallas Cowboys for $140 million. Today the team is worth at least $6.5 billion. This echoes what CBS Sports NFL Insider Jason La Canforawrote Thursday about ownership succession plans for 13 NFL teams, including the Cowboys. 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. Why is Jerry Jones so rich? 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. In March 2022, Jones was served with legal action by a 25-year-old woman who claimed that he is her biological father. Jerry Jones, who's headed to the Pro Football Hall of Fame, put in $118 million to buy the Dallas Cowboys in 1989, and the franchise is now worth $4.2 billion. Bezos has the massive wealth needed to buy the team on his own, and then build the state of the . Jones says. 11:00 am ET, Former NFL GM offers take on Jalen Carter situation, Bucs GM doubts Brady unretires, will keep flashlight on, Rodgers emerges from dark with latest on 2023 decision, Jalen Carter absent from combine media amid charges, Gardner-Johnson calls out former Eagles coach, Report: Snyder charged team $4.5M for logo on his jet, Jerry Jones bought Cowboys for $140 million, now worth $2.3 billion, Ranking 32 QB situations entering free agency, Mock: Panthers trade up, Ravens deal Lamar, Best team fits for the top free agents at each position, Gardner-Johnson calls out ex-Eagles coach in tweet. During Jones' ownership, the Cowboys' value has appreciated from $140 million to about $5.5 billion, making Jones a multi-billionaire in the process. At 5 a.m., Jerry and I are still talking. 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. Also, the value of an NFL franchise is bound to change depending on the popularity and performance of the team. Really, almost immediately Jerry became Public Enemy No. The deal came with significant risk, as Belichick arrived in New England with a losing record and a less-than-stellar reputation. The calls for Santos expulsion are an escalation of GOP calls for his resignation over a ballooning lying scandal. But with the way things are trending in Foxborough, Bill Belichicks boss should be concerned about what lies ahead. Related by education: University of Arkansas. 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Over the past four years, Jones has made more than 300% on oil and gas assets he. 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. 7, apparently saw the biggest gain this year. [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. What is Jerry Jones' net worth? Although the Cowboys havent experienced much playoff success since, they remain the most valuable franchise in the NFL. 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. 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