In 2008, Jones formed a partnership with Yankee Global Enterprises to create Legends Hospitality, a food, beverage, merchandise, retail, and stadium operations corporation serving entertainment venues. The asking price at the time was $200 million. "There had never been anyone on the sidelines second-guessing his personal and business decisions in the past. He has earned so much wealth by doing a lot of hard with full patience and dedication towards his work. 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). . Jerry Jones bought the Dallas Cowboys on February 29, 1989, for $140 million. Football (U.S.) NFL; Sports Industry; Sports; Money; Continue to read 5 stories in this Storyboard. [33] Jones was also a key proponent of the Oakland Raiders' move to Las Vegas to play at Allegiant Stadium. 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.". 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). [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. 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. His most valuable holding is the Dallas Cowboys, which he bought for $150 million in 1989. [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. The Cowboys owner currently holds a net worth of $13.5 billion as per Forbes. [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. He somehow moved past it all and stayed positive. That brought Jerry Jones' total investment to $140 million. Jerry Jones Jr. is the Cowboys' chief sales and marketing officer/vice . 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. I wanted to be in football, but I wanted to collect the resources that I could. Jerry Jones' Net Worth. That figure is mind-boggling for a couple reasons. Jerry Jones: Net Worth: $14 billion: Source of Wealth: Dallas Cowboys NFL team: Born: October 13, 1942 . The deal came together pretty quickly after that and on Feb. 23, 1989, Dixon and Jones finalized the numbers with Bright in Dallas. 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. He started quite a . That's the same as around $300 million today after adjusting for inflation. He paid $140 million for the Cowboys from the previous owner, H.R. Jones made a name for himself as an oil wildcatter, making his first million in oil investments in the 1970s. Even with inflation, thats a far cry from the $150 million Jones spent to purchase the team in 1989. At Arkansas, Jones' teammate was Jimmy Johnson, whom Jones would later hire as his first head coach after he purchased the Cowboys. [2] His parents owned two branches of Pat's Super Market in the Rose City neighborhood of North Little Rock. 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. He made his fortune as an oil wildcatter in the 1970s. He has also endorsed a couple of coaches for his team. People may receive compensation for some links to products and services on this website. You are going to be famous. Jerry Jones is known to invest heavily in oil ventures. Jones. Jones has a net worth of $10.7bn, according to Forbes, with his holdings headed by the Cowboys. Jerry Jones' yacht is worth a whopping $250 million. 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. 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. [3] Jones was a running back at North Little Rock High School, graduating in 1960. The Cowboys Owner Has a Net Worth of $8.6 Billion Jones had success long before he became the owner of the Cowboys. Dallas has a diverse offense that features star power at every position except tight end. [25], In an online poll from October 8, 2003, Jones was named the least-favorite sports personality by Sports Illustrated, in three states (Virginia, Delaware, and Texas). We were talking about the future of the league. Jerry Jones has a net worth that currently stands at an estimated $8.4 billion, according to Forbes. 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. $2.5 billion, according to our most recent tally. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. On this Wikipedia the language links are at the top of the page across from the article title. "The Dallas Cowboys fans are the greatest fans on Earth. Representing Aikman in the negotiations was super-agent Leigh Steinberg, who the movie character of Jerry Maguire was later based. 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. [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. Luckily for Jerry Jones, the Cowboys have a real shot at representing the NFC in Super Bowl 56. 1992 Cowboys win first of three Super Bowls under Jones. Bloomberg reports Jones also has investments in real estate, hospitality management, and Papa Johns franchises. But if you do, you'll never get the opportunity if you don't make the Cowboys work. With an estimated net worth of $8.3 billion, Robert Kraft doesnt have quite the same riches as the Cowboys outspoken owner. Today the team is worth at least $6.5 billion. Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. On the other side of the ball, the Cowboys have two rising stars in rookie linebacker Micah Parsons and second-year cornerback Trevon Diggs. It would have been inconceivable to me to think that someday I might be standing here in Dallas owning the Dallas Cowboys. 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. 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 | The NFL's next-richest is Cowboys owner Jerry Jones, with an estimated net worth of $8.9 billion. [11] His privately held company currently does natural resource prospecting. Jones launched Jones Oil and Land Lease, a privately held company that does natural resource prospecting. Sally Jenkins. Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. He was talking about branding, TV contracts, independent deals of the NFL, naming rights for stadiums, sponsorships. But Jerry wanted to go see Tom and do it in a classy way, and unfortunately, it backfired on him. "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. Jerry Jones; Tee Higgins trade; Kirk Cousins; . All Rights Reserved. Jones also heads up the real estate development firm Blue Star Land. Jones' and Johnson's relationship began to fall apart in 1993 over a power struggle. 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. 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). The Cowboys owner has a net worth of around $8.5 billion and took over the franchise in 1989. I didn't do this for that. 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. Updated: 7:36 PM CST February 23, 2023. He is now worth $14.8 billion, a 63% increase since last year, according to Forbes estimates. He fired Tom Landry, God's coach, a beloved figure, and held an admittedly bizarre, off-the-cuff press conference for which he wasn't prepared in the least. Jerry Jones and his wife own an enormous home in the Highland Park area of Dallas, worth around $20 million. Jerry Jone's Wife | Net Worth. Here's what happened along the way. Curated by. Jerry Jones, Robert Kraft and 23 More Of The Richest NFL Team Owners . ** John Mara, 59, and Steve Tisch, 65, each own 50 percent of the Giants. Jerry Birth date: October 13, 1942 Age: 80 Zodiac Sign: Libra Height: 6' 4" Relationship Status: Married Net Worth: $11.7 billion Jerral's Social Media: Background Jerral Wayne Jones, A.K.A. Jones has built the Cowboys into the most valuable sports franchises in the world, and guided them to three Super Bowl titles since 1989. He made his first million in oil investments in the 1970s. Jones' support and role in the negotiations was criticized by some fans and sports media in St. His vision extends far beyond success on the football field. North Little Rock was beginning to integrate in 1957. Here are the best new movies available on Netflix in the month of March. [19] Johnson then departed and was replaced by Barry Switzer, who won Super Bowl XXX in the 1995 season. * 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. He and his family were set, for generations really. Jones has an estimated net worth of about $5.6 billion; all being the co-owner of the Dallas Cowboys. Jerry Jones is the general manager and owner of the Dallas Cowboys which is one of the most valued franchises in the sporting world. 79 years. Jerral Wayne Jones was born on October 13, 1942 (age 79 years) in Los Angeles, California, United States. I did it to have the stuff that money gets. [20], At the time of the sale, the financially troubled Bright claimed to be losing $1 million per month on the franchise. So, how did Jerry Jones make his money? "Jerry called me in October, said he was thinking of buying the Cowboys and let's take a look at the books. Jones also became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. Jerry Jones bought the Dallas Cowboys for $140 million in 1989, they are now worth over $6.5 billion.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. 7. "At that point, I really only wanted to buy the Cowboys, so I thought that dream was done. . I was sitting right where they were sitting, and I can remember it better than I can remember last month. 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. We've included them jointly above and used their average age, 62. After his graduation, Jones' parents moved to Springfield, Missouri, where Pat was president and chairman of Modern Security Life Insurance Co. Besides his ownership of the Dallas Cowboys. Jerry Jones is located in Dallas, Texas. Bill Belichicks Incompetent Handling of Stephon Gilmore May Force Robert Kraft to Finally Take Back Control of His Beloved Patriots. Hunt Family 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. Follow us on Twitter@sportscasting19. 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. Here are some of Jones' assets: His finances, mostly through the sale of Arkoma, had changed dramatically. 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. 1 overall pick. Once new ownership, familial (see Lions and Raiders, for example) or otherwise, is established, we reset the counter. He was all-in. 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. All Rights Reserved. How did Jerry Jones make his money before the Cowboys? With Jones at the helm, the Cowboys earned victories in Super Bowls XXVII, XXVIII and XXX. For Jerry Jones, the price of admission into the NFL came out to $140 million. 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. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Jerry Jones is an American entrepreneur and businessman who has achieved inspirational wealth and status. 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. Jones made comments both to the press and on his radio show, saying Hochuli was one of the most criticized officials in the NFL. Jones was born in Los Angeles, California, to John "Pat" and Armenita Jones. Consequently, Jones ousted Johnson after the 1993 season despite two consecutive Super Bowl wins and refused to induct Johnson into the Cowboys Ring of Honor. 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). In one scene, Jones is depicted as having huge, bulging chameleon-like eyes, as a young woman's head pops up from his lap. Bezos is currently worth $115 billion, while Josh Harris's net worth is listed as $6.3 billion. Four years earlier, he, like the rest of the world, didn't even know the Cowboys were for sale. [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]. "Everyone forgets what was going on in 1989. "That was one of the most exciting nights of my career. 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 . They had borrowed huge amounts of money from Mr. [Harvey 'Bum'] Bright's banks," Jones says. The Dallas Cowboys owner has a net worth of 10.5 billion USD as of 2021. As of 2019, Charlotte has a net worth of $100 Million. "At first there were six of us, including Jimmy and Stephen, but everyone was falling sleep. and. Jerry Jones has owned the Dallas Cowboys for 25 years. Her father, Jerry Jones has a net worth of $6.8 Billion. Oh, and overnight Jones became the most hated man in Dallas, if not the sports world. 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. He also fired general manager Tex Schramm and took over complete control of football matters himself. At 5 a.m., Jerry and I are still talking. ", After signing the papers, Jones and Dixon headed to a local bar for a drink. Jones said: "Disloyalty I couldn't handle the disloyalty.". The Dallas Cowboys has a value of $8 billion. It breaks down all 32 NFL franchises by owner's age, when ownership was assumed, and the franchise's net worth. Jones jumped into the workforce at age 9 as a customer greeter at his parent's grocery store, named Pat's Supermarket. However, they have a loaded roster that looks capable of ending an agonizingly long championship drought. Jerry bought the Dallas Cowboys from H.R. And its safe to say his investment has more than paid off. Ironically, after contending for the Lombardi Trophy on a yearly basis for two decades, the Patriots dont look close to capturing title No. Submit a correction suggestion and help us fix it! It is highly recommended that you use the latest versions of a supported browser in order to receive an optimal viewing experience. He had a brief cameo appearance as himself in the 1998 made-for-television reunion movie Dallas: War of the Ewings. This guy was so far beyond what anyone else was thinking at the time. His family moved back to North Little Rock, Arkansas in 1945. "Every NFL team was losing money, but here's the thing. [23] Bright had wanted to fire Landry as early as 1987, only to have Schramm tell him that there wasn't a suitable replacement available. He purchased the Dallas Cowboys franchise 31 years back for $60 million. The original petition was filed on Sept. 14, 2020, against Jones and the Cowboys by an anonymous woman using the pseudonym Jane Doe. . A former footballer himself, he played with the University of Arkansas. Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. First, Jones bought the Cowboys in 1989 for $140 million. According to thisDallas Morning Newsstory from 2012, in the early 1990s, Jerry Jones transferred limited partnership interests to Stephen, Charlotte and Jerry Jr., giving them what he called serious skin in the game. The first season under Jones' ownership, the Cowboys finished 1-15. El director de operaciones de los Cowboys, Stephen Jones, dio una proyeccin sobre la etiqueta de franquicia y discuti una posible extensin para Dak Prescott. And on some level, he seems OK with that. It was because of him and what he accomplished and the way he accomplished it that I wanted to buy the Cowboys," Jones says. Honestly, that wasn't even the bad news. As per Bloomberg, Jerry Jones Net Worth in 2023 is estimated to be around $13.5 billion. 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. According to the suit, Jones provided Cynthia Davis a $375,000 settlement, $57,000 in other expenses plus . Think mega-rich. At one point, again using Teamster's money, Jones tried to buy the NFL's San Diego Chargers. Obviously, much of that can be attributed to the Dallas Cowboys, which have helped make him the 44th richest person in the United States. At times it was exciting, but the difficultly and stress was outweighing that more times than not. 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. ", "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. pic.twitter.com/qXyO5MAf3p. 1 everywhere except for in his home state. [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. Really, almost immediately Jerry became Public Enemy No. Check out what's clicking on Foxnews.com. [7] A few months later, he fired longtime general manager Tex Schramm, and assumed complete control over football matters. Built in 2018, it is the length of a football field and its end zones. As you know, the Cowboys have not gone to the playoffs in several years, the owner said. "That was Jerry's greatest challenge. I didn't want to fire him. Ultimately, Jones may have the higher net worth, but he remains well behind Kraft in terms of NFL wealth. But the team isn't all he owns. He became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. 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 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. Tyler Blevins will join GameSquare, the gaming venture 40%-owned by billionaires Jerry Jones and John Goff, as its chief innovation officer. After graduating college in 1965, Jerry Jones opened up a host of Shakey's. Their son, Stephen, graduated from the University of Arkansas and holds the position of COO, executive vice president, and director of player personnel for the Dallas Cowboys. I wanted them to get in my shoes for a momentthe first day of 1965, he told the Associated Press after talking to the Razorback players for about 10 minutes. See . Built in 2018, it is the length of a football field and its end zones. The Cowboys is currently valued at $5 billion. Charlotte serves as the Cowboys' executive vice president and chief brand officer. He kept his oil career going in 2018, becoming the controlling shareholder in Comstock Resources, an oil and gas company in Texas. As of 2022, Jerry Jones' net worth is an estimated $12.4 billion, making him the 3rd wealthiest NFL team owner right now. In the 1992-93 season, the Cowboys defeated the Buffalo Bills in Super Bowl XXVII. 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. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. But thats just part of his story. He wasn't interested, which I totally understood. We welcome all corrections and feedback using the button below. Age. which is a huge increase from the beginning of 2023 when he had a net worth of 137 billion dollars. Notable members on the team included Johnson holdovers Troy Aikman, Emmitt Smith, Michael Irvin, and Super Bowl XXX MVP Larry Brown. The NFL team is valued by Forbes at $5.7 billion, making it the most valuable sports team. Just think about that a minute. Until the Patriots start hitting on their draft picks and prove they can score points on a consistent basis, they will continue to look up in the AFC East standings. ", 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. The team is currently worth $5.5 billion (4 billion). New court filings suggested Fox News hosts repeatedly pushed election fraud claims on-air despite acknowledging privately they knew they were false. There are legions of stories about 4 a.m. phone calls, the person on the other end of the line not entirely sure if Jones was just waking up or hadn't gone to sleep yet. According to Forbes, Jerry Jones' net worth is estimated at $13.7 billion. "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. In 2019, the company picked up another 60 acres nearby. The Cowboys have not won a Super Bowl since Super Bowl XXX. 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. pic.twitter.com/qXyO5MAf3p Joe Pompliano (@JoePompliano) August 6, 2021 In 2018, the company paid $38 million for a 200-acre site to be developed into a development called Star Business Park. He has been the owner of the Cowboys since 1989. Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. Over the last decade, the Cowboys value increased over 220% from $1.50 billion to $4.80 . Height. Jerry Jones Brand deals and Endorsements (Image via AS USA) "You hear folks say, 'Jerry is all about the money.' Copyright 2023 Market Realist. According to Forbes, Jones made his first million as an oil. In 2008, Jones created Legends Hospitality as a partnership with Yankee Global Enterprises. Eugenia brings in gigantic cash, yet her total net worth is $10- $19 million as of February 2023. Valuable holding is the length of a football field and its safe say... An oil and gas company in Texas might be standing here in Dallas, if not the Sports.... There were six of us, including Jimmy and Stephen, but team. Ownership was assumed, and unfortunately, it is the Cowboys we 've included them jointly above used... 60 acres nearby papers, Jones created Legends hospitality as a partnership with Global. They were false Jr. is the Dallas Cowboys owner has a net worth of 10.5 billion as... California, to John `` Pat '' and Armenita Jones $ 300 million today after adjusting for inflation thinking the... Has found one investment that beats the fantastical growth of his Beloved.. 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