"[53] Jones has expressed regret in not doing more to help the Black students feel more accepted at Little Rock.[54]. He had an estimated net worth of $13 billion in 2020, far more than the third-richest owner (Jerry Jones, $8.6 billion). And its safe to say his investment has more than paid off. 2023 Forbes Media LLC. In 2013, Jones narrated a documentary film on former teammate and business partner Jim Lindsey. "There had never been anyone on the sidelines second-guessing his personal and business decisions in the past. ", Jones is married and has three children. After graduating college in 1965, Jerry Jones opened up a host of Shakey's. 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. Jones and Deion Sanders appeared together in several television commercials during Sanders' time with the Cowboys. Obviously, much of that can be attributed to the Dallas Cowboys, which have helped make him the 44th richest person in the United States. Jerry Jones megayacht is worth $250 million. 79 years. For Jerry Jones, the price of admission into the NFL came out to $140 million. "At first there were six of us, including Jimmy and Stephen, but everyone was falling sleep. Copyright 2023 Market Realist. 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. That brought Jerry Jones' total investment to $140 million. By David Maraniss. The Cowboys owner made his first million through oil investments in the 1970s, Forbes reports. Sally Jenkins. Jones also became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. People may receive compensation for some links to products and services on this website. And on some level, he seems OK with that. Jerry Jones is known to invest heavily in oil ventures. 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. Ultimately, Jones may have the higher net worth, but he remains well behind Kraft in terms of NFL wealth. During Jones' ownership, the Cowboys' value has appreciated from $140 million to about $5.5 billion, making Jones a multi-billionaire in the process. Jerry Jones: Net Worth: $14 billion: Source of Wealth: Dallas Cowboys NFL team: Born: October 13, 1942 . However, they have a loaded roster that looks capable of ending an agonizingly long championship drought. I should point out, at the time, I couldn't have financially done it anyhow.". He became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. The Cowboys face lots of questions about their roster before Week 1 of the 2023 NFL season arrives. The team is currently valued at $8 billion. Bloomberg reports Jones also has investments in real estate, hospitality management, and Papa Johns franchises. Everyone else went up to a room. Jones also heads up the real estate development firm Blue Star Land. [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. 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. The first season under Jones' ownership, the Cowboys finished 1-15. He received his master's degree in business in 1970. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. 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. [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. "Thing is, it wasn't about the Aikman contract. So we contacted Solomon Brothers, who was handling the sale, and we went down to Dallas for a week," Dixon says. Related by education: University of Arkansas. ** John Mara, 59, and Steve Tisch, 65, each own 50 percent of the Giants. 6. Since the dismissal, Jones indicated that he regrets the process of Landry's firing and his role in it. 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. It would have been inconceivable to me to think that someday I might be standing here in Dallas owning the Dallas Cowboys. He was going to make them profitable. All rights reserved. Jones has built the Cowboys into the most valuable sports franchises in the world, and guided them to three Super Bowl titles since 1989. Jerry Jones has a net worth that currently stands at an estimated $8.4 billion, according to Forbes. 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 . The NFL's next-richest is Cowboys owner Jerry Jones, with an estimated net worth of $8.9 billion. He owns paintings by Matisse, Renoir, and Picasso. He was all-in. Jones made comments both to the press and on his radio show, saying Hochuli was one of the most criticized officials in the NFL. ", After signing the papers, Jones and Dixon headed to a local bar for a drink. Per Forbes' real time net worth tracker, Jerry Jones' net worth is $10.4 billion (7.6 billion) as of 21 September, 2021. But he was . Among the first orders of business, after significantly downsizing the team's employee count, was working out a contract agreement with Troy Aikman before they selected him with the No. North Little Rock was beginning to integrate in 1957. Nov 11, 2017, 10:52 AM. Once new ownership, familial (see Lions and Raiders, for example) or otherwise, is established, we reset the counter. "That was one of the most exciting nights of my career. 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. According to the suit, Jones provided Cynthia Davis a $375,000 settlement, $57,000 in other expenses plus . The original petition was filed on Sept. 14, 2020, against Jones and the Cowboys by an anonymous woman using the pseudonym Jane Doe. The job comes with equity and a mandate to forge the future of the esports industry. 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. One advisor told Jones that he would likely be losing $25 million a year by 1992. Even after you adjust for inflation, and the price becomes roughly $300 million, Jones has gotten an incredible return on his. "Every NFL team was losing money, but here's the thing. 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. He is now worth $14.8 billion, a 63% increase since last year, according to Forbes estimates. Jimmy right there at the table. "My parents were going to be empty-nesters and enjoy travel. El director de operaciones de los Cowboys, Stephen Jones, se reuni con los periodistas el martes en Indy y uno de los temas de conversacin fue el futuro de la lnea ofensiva. According to Forbes, Dallas Cowboys owner Jerry Jones, No. 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. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. 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. My dad always has to have a challenge, and really, he can't sit still. pic.twitter.com/qXyO5MAf3p. Instead, Kraft traded a first-round pick (plus some change) to the New York Jets to secure a new leader for his beloved team. The pressure was seemingly insurmountable. Legends is a food, beverage, merchandise, retail and stadium operations companyserving entertainment venues such as Cowboys Stadium. To this day, Johnson is not included in the Dallas Cowboys "Ring of Honor." The NFL team is valued by Forbes at $5.7 billion, making it the most valuable sports team. So, how did Jerry Jones make his money? ", 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. In 1996, Johnson became head coach of the Miami Dolphins, although he failed to . Jerry Jones' yacht is worth a whopping $250 million. Obviously, though, parting ways with a few picks turned out to be an absolute steal. He attended North Little Rock High School followed by the University of Arkansas on a football scholarship. 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. He's not happy unless he's pleasing everyone. 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? . "Everyone forgets what was going on in 1989. The Cowboys havent come close to winning a title in quite a while. Height. After conflicts arose between Johnson and owner Jerry Jones, Jimmy agreed to leave in 1994 with a $2 million bonus. His most valuable holding is the Dallas Cowboys, which he bought for $150 million in 1989. Hell, I've spent money as fast as anyone who has ever lived. Even with inflation, thats a far cry from the $150 million Jones spent to purchase the team in 1989. He was laughed at for the former, but not the latter. Jones did not discuss the matter with Landry before announcing the decision. At least, not where it really matters in the pro football world. We lead all teams in TV ratings. We were talking about the future of the league. 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. Profile summary Full name: Jerral Wayne Jones Popularly known as: Jerry Jones Gender: Male Date of birth: 13th of October 1942 That experiment failed and Jones went to work at Modern Security Life of Springfield, his father's insurance agency. Source of wealth: Oil (Jones Oil and Land Lease) and real estate (Blue Star Land Co.) Net worth: $4.2 billion (Forbes) Residence: Dallas . 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. To win big, you have to play the big hand. Over the past four years, Jones has made more than 300% on oil and gas assets he acquired in North Dakota, compared to "just" a 58% gain in the value of the Cowboys over that same time. Jones launched Jones Oil and Land Lease, a privately held company that does natural resource prospecting. Jerry Jones; Tee Higgins trade; Kirk Cousins; . He wasn't interested, which I totally understood. As of 2022, hes the 2nd richest NFL owner after Panthers David Tepper. $2.5 billion, according to our most recent tally. "Even after all those years of being together, Jerry boggled my mind through that stretch. There was no contact for six weeks or so, and then after the Cowboys finished the season at 3-13, Bright reached out and dropped the asking price to $140 million $65 million for the team and $75 million for Texas Stadium. By instinct, they were also risk-takers. Jerry wanted to win as much as anyone, but he was going to run the Cowboys as a business. "I really couldn't have handled all that much worse and the really sad part of it is I idolized Tom Landry and everything he stood for. FRISCO, Texas It's a crossover many probably didn't see coming. [7] A few months later, he fired longtime general manager Tex Schramm, and assumed complete control over football matters. Jones. 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. "At that point, I really only wanted to buy the Cowboys, so I thought that dream was done. 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. 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 | Jones jumped into the workforce at age 9 as a customer greeter at his parent's grocery store, named Pat's Supermarket. Jones isnt just a businessman with a football team, like so many of his fellow NFL ownershes also a former football player. 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. Her father, Jerry Jones has a net worth of $6.8 Billion. 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 . Minority owners: None. Although the Cowboys havent experienced much playoff success since, they remain the most valuable franchise in the NFL. He is owner of the yacht Bravo Eugenia, named after his wife. Jerry Jones is an American billionaire who owns the NFLs Dallas Cowboys. How Much is Dallas Cowboys Owner Jerry Jones Net Worth? "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. Bright on February 25, 1989, for $140 million. The Cowboys owner currently holds a net worth of $13.5 billion as per Forbes. 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. Jerry Jones was born in Los Angeles, California, in 1942 and spent his childhood in North Little Rock, Arkansas. His finances, mostly through the sale of Arkoma, had changed dramatically. But there's also underlying value. They had big plans," Jerry Jones Jr. says. [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. 7. 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. [6] He was co-captain of Arkansas' 1964 national championship football team. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. Before his foray into buying an NFL franchise, he did earn his initial riches in the oil and gas industry. But Jerry wanted to go see Tom and do it in a classy way, and unfortunately, it backfired on him. There would be no more risk-taking. [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. 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