How Much is Dallas Cowboys Owner Jerry Jones Net Worth? 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. Getty Images. The browser you are using is no longer supported on this site. He wasn't interested, which I totally understood. 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. 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. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. 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. 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. There would be no more risk-taking. He had a brief cameo appearance as himself in the 1998 made-for-television reunion movie Dallas: War of the Ewings. During Jones' ownership, the Cowboys' value has appreciated from $140 million to about $5.5 billion, making Jones a multi-billionaire in the process. Ultimately, Jones may have the higher net worth, but he remains well behind Kraft in terms of NFL wealth. 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. Jerry Jones bought the Dallas Cowboys on February 29, 1989, for $140 million. According to Forbes, Joness real-time net worth was $10.4 billion as of Sep. 20, 2021. 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. 2021, reported ESPN. Jerry Jones is an American entrepreneur and businessman who has achieved inspirational wealth and status. Even after you adjust for inflation, and the price becomes roughly $300 million, Jones has gotten an incredible return on his. Jones made comments both to the press and on his radio show, saying Hochuli was one of the most criticized officials in the NFL. Soon after the purchase he fired Tom Landry, the only coach in the team's history, and hired his old Arkansas teammate Jimmy Johnson. 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). The Jones family has pledged to donate $16.5 million to organizations supporting Arlington youth for over 33 years now. Now, the Cowboys are the most valuable asset in his portfolio with. The Dallas Cowboys is based in the Dallas-Fort Worth metroplex. Although the Cowboys havent experienced much playoff success since, they remain the most valuable franchise in the NFL. [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). Jones and Deion Sanders appeared together in several television commercials during Sanders' time with the Cowboys. Jerry Jones Net Worth, Dallas Cowboys - $5.6 Billion. 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. Everyone else went up to a room. More NFL offseason: League minicamp dates | Latest news, notes. 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. Jimmy right there at the table. Jones jumped into the workforce at age 9 as a customer greeter at his parent's grocery store, named Pat's Supermarket. Jerral Wayne Jones (born October 13, 1942)[1] is an American businessman who has been the owner, president, and general manager of the Dallas Cowboys of the National Football League (NFL) since February 1989. . After graduating from the University of Arkansas, Jerral W. Jones was listed as an executive vice president. . Majority owner: Jerry Jones, 72. Why is Jerry Jones so rich? Jones made a name for himself as an oil wildcatter, making his first million in oil investments in the 1970s. At one point, he hit all four corners of the U.S. in less than 24 hours. 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. But the team isn't all he owns. [35], In 2009, Jones was fined $100,000 for violating a gag order on labor issues, commenting that revenue sharing was "on its way out". What is Jerry Jones' net worth in 2021? It was about really rich men who liked having a football team and could afford to lose a few million each year. Four years earlier, he, like the rest of the world, didn't even know the Cowboys were for sale. "I read about it after the fact, and did a little research and found out it was a pretty private transaction. 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. Their youngest, Jerry Jr., attended Georgetown University and Southern Methodist University, where he earned his degree in law. That experiment failed and Jones went to work at Modern Security Life of Springfield, his father's insurance agency. In 1996, Johnson became head coach of the Miami Dolphins, although he failed to . [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. In 2008, Jones created Legends Hospitality as a partnership with Yankee Global Enterprises. . [24], The 2020 NFL season was Jones' 32nd as Cowboys owner, more than the combined tenures of his predecessors. It breaks down all 32 NFL franchises by owner's age, when ownership was assumed, and the franchise's net worth. "Part of the team had been auctioned and bought by the government. "You hear folks say, 'Jerry is all about the money.' Age. They had borrowed huge amounts of money from Mr. [Harvey 'Bum'] Bright's banks," Jones says. Bachelor of Arts/Science, University of Arkansas; Master of Arts, University of Arkansas. All Rights Reserved. "That was Jerry's greatest challenge. Still, this was the Cowboys. Jerry Jones stood by him, but there's no question that Cowboys executives and fans expect more. "That was one of the most exciting nights of my career. ", 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. 1 overall pick. Dallas Cowboys owner Jerry Jones is being sued by a 25-year-old woman in North Texas claiming that he is her biological father. Jones has an estimated net worth of about $5.6 billion; all being the co-owner of the Dallas Cowboys. Curated by. Now, what causes that? Goodell did not disclose the specific amount of Jones' fine in the memo.[37]. He was all-in. 1992 Cowboys win first of three Super Bowls under Jones. 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.". "My parents were going to be empty-nesters and enjoy travel. By David Maraniss. "Those were really hard times, and we had never experienced that. He paid $140 million for the Cowboys from the previous owner, H.R. 7. ", Jones laughed, and said, "Nah, owners aren't that well known.". World-renowned streamer Tyler "Ninja" Blevins and Jerry Jones are teaming up through the . 2004 Enters joint venture with Papa John's for Texas pizza franchises. That was the hardest thing for me, just that we got off to such a tough start because of the Tom Landry situation.". All rights reserved. The Cowboys face lots of questions about their roster before Week 1 of the 2023 NFL season arrives. Hunt Family Legends is a food, beverage, merchandise, retail and stadium operations companyserving entertainment venues such as Cowboys Stadium. [3] Jones was a running back at North Little Rock High School, graduating in 1960. 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. Obviously, much of that can be attributed to the Dallas Cowboys, which have helped make him the 44th richest person in the United States. Charlotte is married to her husband Shy Anderson and has three children. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. Jones' Dallas Cowboys have been on the top of Forbes' list of most valuable NFL teams since 2018. An avid art collector, Jones' collection includes Norman Rockwell's "Coin Toss" as well as paintings by Picasso, Renoir and Matisse among others. 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. Jerry Jones is a self-made man. To win big, you have to play the big hand. But with the way things are trending in Foxborough, Bill Belichicks boss should be concerned about what lies ahead. 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. At 14,000 square feet, with two stories, the mansion includes six bedrooms, seven bathrooms, a swimming pool, spa, tennis court, and marble floors. Once new ownership, familial (see Lions and Raiders, for example) or otherwise, is established, we reset the counter. Jerry Jones megayacht is worth $250 million. Eventually, he went back to Arkansas to get his Master's degree in Business and graduated in 1970. This guy was so far beyond what anyone else was thinking at the time. North Little Rock was beginning to integrate in 1957. Now the franchise is not just the most valuable team in the NFL but in all sports. Apart from owning the Dallas Cowboys, Jerry Jones made his first million in oil investments in the 1970s. Learn about Jerry Jones's age, height, weight, dating, wife, girlfriend & kids. 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. 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. 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. The first season under Jones' ownership, the Cowboys finished 1-15. 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. He used all his profits from those businesses to purchase the Dallas Cowboys for $150 million, and success was his demand. I wanted to say that it may not be the Cowboys, but theres nothing thats out of reach.. The pressure was seemingly insurmountable. In 2013, Jones narrated a documentary film on former teammate and business partner Jim Lindsey. In 2018, the company paid $38 million for a 200-acre site to be developed into a development called Star Business Park. [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. The NFL team is valued by Forbes at $5.7 billion, making it the most valuable sports team. Sally Jenkins. As per Bloomberg, Jerry Jones Net Worth in 2023 is estimated to be around $13.5 billion. 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. 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. He was also the. Donald Trumps real net worth? But if you do, you'll never get the opportunity if you don't make the Cowboys work. Jones was inducted into the Pro Football Hall of Fame in 2017. The Dallas Cowboys has a value of $8 billion. Jones owns a home in Destin, Florida. 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 is highly recommended that you use the latest versions of a supported browser in order to receive an optimal viewing experience. The Cowboys owner currently holds a net worth of $13.5 billion as per. 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 . "Jerry called me in October, said he was thinking of buying the Cowboys and let's take a look at the books. I wanted to be in football, but I wanted to collect the resources that I could. His vision extends far beyond success on the football field. And with Prescott playing at an MVP level, it wouldnt be a surprise if the Lombardi Trophy makes it way back to Dallas sooner than later. The Cowboys owner made his first million through oil investments in the 1970s, Forbes reports. A former football player himself, Jones played for the. The Cowboys Owner Has a Net Worth of $8.6 Billion Jones had success long before he became the owner of the Cowboys. . 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. [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]. Source of wealth: Oil (Jones Oil and Land Lease) and real estate (Blue Star Land Co.) Net worth: $4.2 billion (Forbes) Residence: Dallas . "Why would I play for another four hours when the deal was done?" Jones is also the head of his real estate and investment company ( Blue Star Land ). Besides his ownership of the Dallas Cowboys. 2004-2023 CBS Interactive. The Cowboys is currently valued at $5 billion. Jerry Jones has a net worth of $11 billion. The Mediterranean-style mansion which set him back $6 million in 1992, is now estimated to be worth $28 million in 2020. Id do anything known to man to get to a Super Bowl, he said at a news conference in Jul. Jones' support and role in the negotiations was criticized by some fans and sports media in St. People may receive compensation for some links to products and services on this website. 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. Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. 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. His most valuable holding is the Dallas Cowboys, which he bought for $150 million in 1989. Their daughter, Charlotte, is a graduate of Stanford and also holds a position with the Cowboys, as vice president and director of charities and special events. It was life changing. For years, it was a rich man's club, the league wasn't set up to make money. He bought that team and saw an already strong brand skyrocket with Super Bowl dominance in the '90s. 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 Brand deals and Endorsements (Image via AS USA) The team is currently worth $6.5 billion, and Jones fortune comes in at $5.6 billion. Bum Bright offered to do that for Jerry, and in hindsight, he should've let him before he ever bought the team. 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. For instance, he personally championed the then-fledgling network Fox becoming the NFC's primary broadcast network at a time when ABC, CBS, and NBC were trying to convince the NFL to take less revenue for television rights. The signing bonus cancelled check is framed to this day on the wall of Jerry's study at his home. 2023 Dallas Cowboys. The NFL's next-richest is Cowboys owner Jerry Jones, with an estimated net worth of $8.9 billion. Everybody here understands football, loves it, is not really interested in anything else in sports and has tunnel vision relative to football.. Louis. He could have gone dead-dog broke on this.". Follow. As of 2022, hes the 2nd richest NFL owner after Panthers David Tepper. "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. After all, dont forget the Patriots didnt just hire Belichick. Jerry Jones is located in Dallas, Texas. With an estimated net worth of $8.3 billion, Robert Kraft doesnt have quite the same riches as the Cowboys outspoken owner. Blue Star wants to create a 400,000 square foot merchandising distribution and sales centerfor the Cowboys on part of the property. As they stood there, the bar jam-packed with people, Dixon said, "You realize that this is the last time you're ever going to be able to walk in a bar and no one knows you. Jerry Jones is known to invest heavily in oil ventures. Her father, Jerry Jones has a net worth of $6.8 Billion. 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 has been the owner, president and general manager of the Dallas Cowboys of the NFL since 1989. I was sitting right where they were sitting, and I can remember it better than I can remember last month. [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. 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). GOBankingRates. He received his master's degree in business in 1970. Your login session has expired. "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. "The toughest moment we've had through these years of owning the Cowboys is the Tom Landry situation," says Stephen Jones. Jerry Jones isnt the most wealthy owner in the NFL, but hes undoubtedly the most recognizable and arguably the most powerful. You may not. He and his family were set, for generations really. "There had never been anyone on the sidelines second-guessing his personal and business decisions in the past. Overall, though, its difficult to see Belichicks squad coming out on top against the Buffalo Bills, Cleveland Browns, Kansas City Chiefs, or Baltimore Ravens based on the talent disparity. And its safe to say his investment has more than paid off. In the 1992-93 season, the Cowboys defeated the Buffalo Bills in Super Bowl XXVII. 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. As of 2019, Charlotte has a net worth of $100 Million. The family moved back to North Little Rock, Arkansas, in 1945. He had an estimated net worth of $13 billion in 2020, far more than the third-richest owner (Jerry Jones, $8.6 billion). Charlotte serves as the Cowboys' executive vice president and chief brand officer. "I wouldn't say he would have retired by any stretch; he would have found something to create. All this is old hat now, but no one was talking about it in 1989. I didn't do this for that. Jerry Jone's Wife | Net Worth. 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. It didn't matter that it was six in the morning. For More Contents On Popular TikTok Star, Stay Tuned To AllStarBio. 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. Here's what happened along the way. Jerry Jones has been the owner of the Dallas Cowboy since 1989. It was more a curious thing. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. "[53] Jones has expressed regret in not doing more to help the Black students feel more accepted at Little Rock.[54]. Jerry Jones and his wife own an enormous home in the Highland Park area of Dallas, worth around $20 million. The Cowboys won Super Bowl XXVII in the 1992 season,[18] as well as Super Bowl XXVIII the following year in the 1993 season. "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. 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. Hall of Fame in 2017 face lots of questions about their roster before Week 1 of the.! Asset in his portfolio with are the most powerful now the franchise 's net was! We had never experienced that Enters joint venture with Papa John & # x27 ; all... Roster before Week 1 of the world, did n't matter that it was really. 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