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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). Jerry Jones, Robert Kraft and 23 More Of The Richest NFL Team Owners . The Cowboys owner made his first million through oil investments in the 1970s, Forbes reports. His finances, mostly through the sale of Arkoma, had changed dramatically. When Jerry Jones purchased the Cowboys, they . 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. Jones owns a home in Destin, Florida. After purchasing the Cowboys for roughly the same amount as Dak Prescotts contract, Jones went to work building a brand so he could capitalize off his teams popularity. Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. That brought Jerry Jones' total investment to $140 million. [6] He was co-captain of Arkansas' 1964 national championship football team. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. Jerry Jones Net Worth. He purchased the Cowboys in 1989 and built it into the world's most valuable sports team In May 2021, Forbes named the Cowboys the world's most valuable sports team, worth $5.7 billion after. Jerry Jones told Yahoo Finance in September that he wouldn't sell the Dallas Cowboys for $10 billion. It was a shame so many people didn't see, or understand, that side of him.". He is known for owning the Dallas Cowboys NFL team. [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. Why is Jerry Jones so rich? "That was Jerry's greatest challenge. At least, not where it really matters in the pro football world. Bum Bright offered to do that for Jerry, and in hindsight, he should've let him before he ever bought the team. Jerry Jones stood by him, but there's no question that Cowboys executives and fans expect more. But with the way things are trending in Foxborough, Bill Belichicks boss should be concerned about what lies ahead. [33] Jones was also a key proponent of the Oakland Raiders' move to Las Vegas to play at Allegiant Stadium. The Cowboys face lots of questions about their roster before Week 1 of the 2023 NFL season arrives. 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. Jones has a net worth of $10.7bn, according to Forbes, with his holdings headed by the Cowboys. Explore Jerry Jones's Bio-Wiki, net worth & salary in 2023. According to Forbes, Jones made his first million as an oil. "That was one of the most exciting nights of my career. 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. He made his fortune as an oil wildcatter in the 1970s. "My parents were going to be empty-nesters and enjoy travel. 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 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. About Jerry Jones Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. "There had never been anyone on the sidelines second-guessing his personal and business decisions in the past. He spent the next two decades making money and plotting his return to football. [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. Soon after the purchase he fired Tom Landry, the only coach in the team's history, and hired his old Arkansas teammate Jimmy Johnson. Everyone is going to know your face, want your autograph, want to take a picture. The Cowboys owner has a net worth of around $8.5 billion and took over the franchise in 1989. "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. The asking price at the time was $200 million. Copyright 2023 Endgame360 Inc. All Rights Reserved. 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The Dallas Cowboys is based in the Dallas-Fort Worth metroplex. His life before becoming an actor. 2021, reported ESPN. Jerry Jones' Net Worth. But thats just part of his story. 7, apparently saw the biggest gain this year. Jones still invests in drilling opportunities as well as retail and residential real estate projects in Dallas, and in hospitality management and Papa John's franchises. Jerry Jones has a net worth of $11 billion. [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. Permanently housed at the Lincoln Center for the Performing Arts, Tatiana is Chef Kwame Onwuachis new restaurant dedicated to telling Afro-Caribbean stories through food. Tyler Blevins will join GameSquare, the gaming venture 40%-owned by billionaires Jerry Jones and John Goff, as its chief innovation officer. 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. ", 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. He has a large contemporary art collection. Jerry has always been a caffeine junkie, but during those first few years owning the Cowboys, it was coffee all morning and iced tea all afternoon. Plus, Kraft figured out a way to keep things working with Bill Belichick and Tom Brady for two decades an equally impressive accomplishment given the egos at play. So, how did Jerry Jones make his money? [7] A few months later, he fired longtime general manager Tex Schramm, and assumed complete control over football matters. His most valuable single holding is the Dallas Cowboys NFL team, which he bought in 1989 for $150m (110 million). . ", Jones laughed, and said, "Nah, owners aren't that well known.". I didn't want to fire him. 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. Not only that but he is also one of the billionaires of America like Preston Bezos. Likewise, the team, Dallas Cowboy is worth $4.8 billion. Charlotte serves as the Cowboys' executive vice president and chief brand officer. 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. Think mega-rich. 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). Today, Jones' net worth is estimated to be about $8.4 billion. The Dallas Morning News . *** The Packers are a publicly traded, non-profit company owned by its shareholders. 7. He was all-in. Hell, I've spent money as fast as anyone who has ever lived. 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. 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. 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. 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. [12], On February 25, 1989, Jones purchased the Cowboys from H. R. "Bum" Bright for $140 million (equivalent to $292.5 million in 2020). Jones' Dallas Cowboys have been on the top of Forbes' list of most valuable NFL teams since 2018. After graduating from the University of Arkansas, Jerral W. Jones was listed as an executive vice president. You may not. [15], After a slow start under Jones and Johnson (the first season under Jones, a 115 finish,[16] remains second only to the team's inaugural season in terms of futility),[17] Jones quickly built a team often considered one of the best NFL franchise of the 1990s. What causes that is creating some aura, creating some excitement. As Eugenia's significant other half is a tycoon, Jerry has a net worth of $13.9 billion. Follow us on Twitter@sportscasting19. What he does have, though, is a collection of Lombardi Trophies. "The Dallas Cowboys fans are the greatest fans on Earth. Related by education: University of Arkansas. "Then we went down a second time, Stephen came along, and we interviewed [longtime Cowboys president/general manager] Tex Schramm and a few of the financial folks with the team. Jerry Jones is an American entrepreneur and businessman who has achieved inspirational wealth and status. He attended North Little Rock High School followed by the University of Arkansas on a football scholarship. "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. 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. Just think about that a minute. 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. This guy was so far beyond what anyone else was thinking at the time. He kept his oil career going in 2018, becoming the controlling shareholder in Comstock Resources, an oil and gas company in Texas. 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. Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. People may receive compensation for some links to products and services on this website. Obviously, though, parting ways with a few picks turned out to be an absolute steal. ", Jones is married and has three children. Put another way: Winning, it turns out, isn't everything. Jones "crossed the line", drawing a "six-figure" fine, sources said, as the commissioner distributed a memo to all 32 owners, along with a reminder that the gag order remains in effect. Jones has built the Cowboys into the most valuable sports franchises in the world, and guided them to three Super Bowl titles since 1989. His most valuable asset, of course, is the Dallas Cowboys franchise. Check out what's clicking on Foxnews.com. 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 . His parents owned two branches of Pat's Super Market in the Rose City . Jerral Wayne Jones was born on October 13, 1942 (age 79 years) in Los Angeles, California, United States. Jerry Jones has been the owner, president and general manager of the Dallas Cowboys of the NFL since 1989. 6. [52] Despite the school's head football coach ordering the team (which Jones was a part of) to stay away from such scenes, Jones said he was there as a curious bystander. The Cowboys have not won a Super Bowl since Super Bowl XXX. With Jones at the helm, the Cowboys earned victories in Super Bowls XXVII, XXVIII and XXX. You have to make it work or you're going to be recognized as a failure.". Hunt Family [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. Oh, and overnight Jones became the most hated man in Dallas, if not the sports world. 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. "Why would I play for another four hours when the deal was done?" After all, dont forget the Patriots didnt just hire Belichick. The pressure was seemingly insurmountable. The value of the team is now around $5.7 billion, making it one of the richest teams in any team sports. He also fired general manager Tex Schramm and took over complete control of football matters himself. All Rights Reserved. Submit a correction suggestion and help us fix it! 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. $2.5 billion, according to our most recent tally. His family moved back to North Little Rock, Arkansas in 1945. The Jones family has pledged to donate $16.5 million to organizations supporting Arlington youth for over 33 years now. pic.twitter.com/qXyO5MAf3p "After a month of researching it all, I told Jerry point-blank this was ridiculously overpriced and buying the Cowboys would be financial suicide. 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