Jerry Buss was an influential figure in the world of professional sports. He owned the Los Angeles Lakers and the Los Angeles Kings and was a major force in the NBA for decades. He passed away in 2013, but his legacy lives on. So, what was Jerry Buss net worth?
At the time of his passing, Jerry Buss net worth was estimated to be around $600 million. This was largely attributed to his ownership of the Lakers and Kings as well as his investments in real estate. He reportedly owned over 30 apartment buildings in Southern California alone. He also invested in several small businesses over the years.
In addition to his investments, Jerry Buss also had multiple business ventures throughout his life. He co-founded the Arena Football League as well as founded the Great Western Forum, which was home to both the Lakers and Kings at the time. He also owned part of the Los Angeles Sparks of the WNBA and was a part-owner of the Los Angeles Dodgers.
Jerry Buss also had a few notable investments. He was the first investor in the Apple Corporation, investing $25,000. He also invested in the startup of the video game company Electronic Arts. Furthermore, he invested quite heavily in the entertainment industry. He owned the former restaurant chain El Pollo Loco, as well as the music label Interscope Records.
At the time of his passing, Jerry Buss had an estimated net worth of $600 million. His investments, business ventures, and ownership of the Lakers and Kings no doubt made up the majority of this. His legacy will continue to live on as one of the most influential figures in the world of professional sports.
Understanding Jerry Buss’ Net Worth
Understanding Jerry Buss’ net worth is important if you are interested in the business life of this incredible entrepreneur. Jerry Buss was an American businessman and investor who was the owner of the Los Angeles Lakers of the National Basketball Association (NBA). He was one of the most successful and influential owners in NBA history and was best known for turning the Los Angeles Lakers into a powerhouse on the basketball court. His net worth was estimated to be around $600 million at the time of his death in 2013.
Buss made his fortune through shrewd investments and savvy business deals. He began his career as a real estate investor in the early 1960s, and by the mid-1970s he had amassed a large portfolio of properties throughout the Los Angeles area. In 1979, he purchased the Lakers, the Los Angeles Kings hockey team, and the Great Western Forum arena for a combined total of $67.5 million. In the years that followed, Buss would make shrewd personnel decisions that would help the Lakers become a dynasty, leading them to 10 NBA championships and 16 Finals appearances during his tenure as owner.
Apart from his investments in the sports world, Buss was also involved in the entertainment industry. He produced several television shows and movies, and owned a production company. He was also a co-owner of the WNBA’s Los Angeles Sparks. Additionally, he owned part of the Los Angeles Strings tennis team, and he was a principal investor in the Los Angeles Dodgers baseball team.
Buss’s net worth was also bolstered by his stake in the various companies that he owned, such as the Los Angeles Lakers, Kings, Sparks, and Great Western Forum. He had a stake in numerous companies, including the Forum, the Great Western Bank, and the Los Angeles Dodgers. Additionally, he had investments in real estate, oil, and gas ventures. At the time of his death, his net worth was estimated to be around $600 million.
Understanding Jerry Buss’ net worth is important for anyone who wants to learn more about the business life of this incredible entrepreneur. His investments and business decisions helped him amass a fortune that is still impressive today. He will always be remembered for his contributions to the world of basketball, as well as his business acumen and savvy investments.
Analyzing Jerry Buss’ Wealth and Success
Jerry Buss is widely recognized as one of the most successful sports owners and entrepreneurs in the world. He was the owner of the Los Angeles Lakers for more than 30 years and was also the founder of the Great Western Forum. He was a visionary who built the Lakers into a global powerhouse. His commitment to excellence and his passion for the sport of basketball helped to create the most successful NBA franchise of all time.
So, just how successful was Jerry Buss? To answer that question, let’s take a look at his net worth. According to Forbes, Jerry Buss had a net worth of approximately $5.8 billion. That makes him one of the wealthiest sports owners in the world. But how did he amass such a large fortune?
Jerry Buss made his money in real estate, taking advantage of the Los Angeles housing boom in the late 1970s. He was a shrewd investor and astute businessman, and he was also a savvy negotiator. His business acumen enabled him to capitalize on a variety of opportunities that presented themselves. For example, he was able to purchase the Lakers in 1979 for $67 million, which was a bargain price at the time.
In addition to real estate, Jerry Buss also had a successful career as a sports owner. He was able to build the Lakers into one of the most successful sports franchises in history. He hired legendary head coaches such as Pat Riley and Phil Jackson, and he was able to attract superstars such as Kobe Bryant and Shaquille O’Neal. The team won 10 NBA championships during his tenure as owner, and the Lakers are still one of the most successful teams in the league.
Jerry Buss’s success as a sports owner is also evidenced by the fact that the Lakers are now worth more than $5 billion. This means that Buss was able to turn a $67 million investment into a nearly $5 billion return. That’s an incredible feat, and it’s one of the reasons why Jerry Buss is considered one of the most successful sports owners in history.
To sum up, Jerry Buss was a highly successful entrepreneur and sports owner. His net worth was estimated at around $5.8 billion at the time of his death, and he had the ability to turn a $67 million investment into a nearly $5 billion return. Through his shrewd business acumen and his dedication to the sport of basketball, Jerry Buss was able to become one of the most successful sports owners of all time.
At the time of his death in February 2013, Jerry Buss was estimated to have a net worth of $600 million.
Jerry Buss made his money primarily through real estate investments and his ownership of the Los Angeles Lakers.
Jerry Buss bought the Los Angeles Lakers in 1979 for a total of $67.5 million, which was the highest price ever paid for a professional sports team at the time.
Jerry Buss had six children with three different women, all of whom he had legally adopted. His children’s names are Jeanie, Joey, Johnny, Jim, Janie, and Jesse.
In addition to owning the Los Angeles Lakers, Jerry Buss also owned the Los Angeles Kings hockey team and the Los Angeles Sparks women’s basketball team.
Jerry Buss had a wide range of business investments, including a movie theater chain, a golf course, and a bank.
Jerry Buss supported numerous charitable organizations, including the Los Angeles Dream Center and the Los Angeles Children’s Hospital.
Jerry Buss attended the University of Wyoming for undergraduate school and the University of Southern California for graduate school.
Jerry Buss was inducted into the Basketball Hall of Fame in 2010 and was awarded the NBA Executive of the Year Award twice.
Jerry Buss was highly respected by his peers and was known for his innovative approach to running a professional sports team.