[47] Jerry Jones Jr. is the Cowboys' chief sales and marketing officer/vice president. It didn't matter that it was six in the morning. [4] With the success of the company, the Joneses assembled the 5,500-acre Buena Vista Ranch east of Springfield in Rogersville, Missouri, in the Ozark Mountains. 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. Jerry Jones bought the Dallas Cowboys on February 29, 1989, for $140 million. [6] He was co-captain of Arkansas' 1964 national championship football team. But he was . The Cowboys owner has a net worth of around $8.5 billion and took over the franchise in 1989. 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. There were also heart problems. Bum Bright offered to do that for Jerry, and in hindsight, he should've let him before he ever bought the team. Parcells' successor, Wade Phillips, complained to friends about being "undermined and second-guessed, repeatedly" by Jones. "Why would I play for another four hours when the deal was done?" Storytelling On The Plate: Kwame Onwuachi's Afro-Caribbean Journey To Lincoln Center, Will Santos Be Expelled From Congress? Jerry Jones is a self-made man. If there was a singular belief of the Jones family, one which was instilled in Jerry more so than any other, it was this: There is no dream too big. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. I should point out, at the time, I couldn't have financially done it anyhow.". 2023 Celebrity Net Worth / All Rights Reserved. Jerry Jones is an American entrepreneur and businessman who has achieved inspirational wealth and status. In 1991, the Cowboys went 11-5 and made the playoffs, but lost in the second round. 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. 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.". Built in 2018, it is the length of a football field and its end zones. I didn't do this for that. and. This echoes what CBS Sports NFL Insider Jason La Canforawrote Thursday about ownership succession plans for 13 NFL teams, including the Cowboys. Thats a fact., Latest National Football League (NFL) News and Updates. You may not. This guy was so far beyond what anyone else was thinking at the time. Height. It was the first time I heard an owner talk about where the league was going. 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). they remain the most valuable franchise in the NFL. And while Jones, 71, doesn't have plans to step down any time soon, when he does, the team will remain in the family; son Stephen Jones currently serves as Chief Operating Officer, Executive Vice President and Director of Player Personnel, daughter Charlotte Anderson is also an Executive Vice President, and Jerry Jones Jr. is the chief sales and marketing officer. Ultimately, Jones may have the higher net worth, but he remains well behind Kraft in terms of NFL wealth. 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. Hunt Family In February 1989, Jerry Jones bought the Dallas Cowboys for $140 million. In 2019, the company picked up another 60 acres nearby. [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". 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. 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. Oh, and overnight Jones became the most hated man in Dallas, if not the sports world. "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. Blue Star wants to create a 400,000 square foot merchandising distribution and sales centerfor the Cowboys on part of the property. We were talking about the future of the league. The Cowboys havent come close to winning a title in quite a while. He was all-in. 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. Why is Jerry Jones so rich? Jerry Jones has a net worth of $11 billion. $6.5 billion. The team is currently worth $5.5 billion (4 billion). Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. According to the suit, Jones provided Cynthia Davis a $375,000 settlement, $57,000 in other expenses plus . "I offered him a front-office position, told him he could name the position. 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. "My parents were going to be empty-nesters and enjoy travel. hobnobbed with rapper Post Malone and MMA boxer Conor McGregor. His vision extends far beyond success on the football field. There were many nights Jones slept in his office at Valley Ranch. It breaks down all 32 NFL franchises by owner's age, when ownership was assumed, and the franchise's net worth. The Cowboys is currently valued at $5 billion. ", Jones laughed, and said, "Nah, owners aren't that well known.". Soon after the purchase he fired Tom Landry, the only coach in the team's history, and hired his old Arkansas teammate Jimmy Johnson. [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. Copyright 2023 Endgame360 Inc. All Rights Reserved. . 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 Jones' yacht is worth a whopping $250 million. Football (U.S.) NFL; Sports Industry; Sports; Money; Continue to read 5 stories in this Storyboard. Think mega-rich. He received his master's degree in business in 1970. After graduating from college in 1965, Jones borrowed a million dollars from the Teamsters union (which was run by Jimmy Hoffa at the time) to open up a number of Shakey's Pizza restaurants in Missouri. The Gene and Jerry Jones Family Arlington Youth Foundations mission is to enhance the quality of life for youth in the City of Arlington by funding programs and facilities dedicated to football and athletics, health and wellness, education and the arts through complementary grants. GOBankingRates. The family moved back to North Little Rock, Arkansas, in 1945. Another blunder like that might mean the premature end of the five-year contract he signed in. The deal came together pretty quickly after that and on Feb. 23, 1989, Dixon and Jones finalized the numbers with Bright in Dallas. The money, I don't get a kick out of thinking about my bank accounts or like Scrooge looking at his stacks of money. They have three children, Stephen, Jerry Jr., and Charlotte. The following browsers are supported: Chrome, Edge (v80 and later), Firefox and Safari. Source of wealth: Oil (Jones Oil and Land Lease) and real estate (Blue Star Land Co.) Net worth: $4.2 billion (Forbes) Residence: Dallas . 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. In the 1992-93 season, the Cowboys defeated the Buffalo Bills in Super Bowl XXVII. Her father, Jerry Jones has a net worth of $6.8 Billion. [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. 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 . Likewise, the team, Dallas Cowboy is worth $4.8 billion. Jerry Jones has a net worth that currently stands at an estimated $8.4 billion, according to Forbes. It was about really rich men who liked having a football team and could afford to lose a few million each year. 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. 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. He made his fortune as an oil wildcatter in the 1970s. About Jerry Jones Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. Eugenia brings in gigantic cash, yet her total net worth is $10- $19 million as of February 2023. Learn about Jerry Jones's age, height, weight, dating, wife, girlfriend & kids. Has everything gone right for Kraft during his tenure? pic.twitter.com/qXyO5MAf3p. The magazine called Jones a wildcatter, someone who drills oils wells on land not known for being an oil field. Jones made a name for himself as an oil wildcatter, making his first million in oil investments in the 1970s. A former football player himself, Jones played for the. 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. The gains. On the other hand, New England has a promising first-year quarterback, a few solid role players, and a whole bunch of question marks. 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. But with the way things are trending in Foxborough, Bill Belichicks boss should be concerned about what lies ahead. "Jerry does have a huge heart and he wanted to do things the right way. Now, the Cowboys are the most valuable asset in his portfolio with. We lead all teams in TV ratings. He was an offensive lineman for College Football Hall of Fame coach Frank Broyles and a teammate of college football and NFL coach Jimmy Johnson, whom Jones hired as his first head coach after purchasing the Cowboys. He is known for owning the Dallas Cowboys NFL team. The NFL team is valued by Forbes at $5.7bn, making it the most valuable sports team in the. In 2008, Jones created Legends Hospitality as a partnership with Yankee Global Enterprises. I did it to have the stuff that money gets. Even more impressively, Tepper's net worth was greater than that of . He is considered to be one of the richest NFL Team owners. Jimmy right there at the table. Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. Jones also heads up the real estate development firm Blue Star Land. 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. He's not happy unless he's pleasing everyone. He tried to start several businesses in the late 60s. 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. When looking at Jerry Jones' tenure as owner of the Dallas Cowboys, the logo on the side of his team's helmet is emblematic of the philosophy he takes towards building a football team. Instead, Kraft traded a first-round pick (plus some change) to the New York Jets to secure a new leader for his beloved team. According to his bio on the Cowboys website, Jones became the first NFL owner to lead a team to three Super Bowl championships in the first seven years of ownership. "He bought the franchise in 1989 for $150 million and has since added a number of big-ticket . He somehow moved past it all and stayed positive. Jerry Jones Net Worth. What he does have, though, is a collection of Lombardi Trophies. He was sleeping an hour here and there, and was soon diagnosed with sleep arrhythmia. The defense may not be elite, but it certainly has a few exciting pieces. After his graduation, Jones' parents moved to Springfield, Missouri, where Pat was president and chairman of Modern Security Life Insurance Co. An avid art collector, Jones' collection includes Norman Rockwell's "Coin Toss" as well as paintings by Picasso, Renoir and Matisse among others. 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. 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. 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. Jerry Jones's Yacht (Source: Instagram) Jerry is the owner of the NFL team Dallas Cowboys. The signing bonus cancelled check is framed to this day on the wall of Jerry's study at his home. At least, not where it really matters in the pro football world. Submit a correction suggestion and help us fix it! According to Forbes.com, the franchise is currently worth $2.3 billion, $500 million more than any other NFL team (the Patriots are next at $1.8 billion). Louis. 7, apparently saw the biggest gain this year. ", "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. 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 | Jerry Jones' yacht is worth a whopping $250 million. He said, "I don't know if you ever want to do anything else with your life. Market Realist is a registered trademark. FRISCO, Texas It's a crossover many probably didn't see coming. He has earned so much wealth by doing a lot of hard with full patience and dedication towards his work. Jones launched Jones Oil and Land Lease, a privately held company that does natural resource prospecting. 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. Jerry Jr. is the chief sales and marketing officer, as well as vice president of the Cowboys. So we contacted Solomon Brothers, who was handling the sale, and we went down to Dallas for a week," Dixon says. Jones has a $10.7 billion net worth, according to Forbes, with his holdings headed by the Cowboys. As Eugenia's significant other half is a tycoon, Jerry has a net worth of $13.9 billion. Jerry Jones, Robert Kraft and 23 More Of The Richest NFL Team Owners . He was also the. [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). Sally Jenkins. What causes that is creating some aura, creating some excitement. LikeSportscastingon Facebook. 2023 Dallas Cowboys. Age. Jerry wanted to win as much as anyone, but he was going to run the Cowboys as a business. During Jones' ownership, the Cowboys' value has appreciated from $140 million to about $5.5 billion, making Jones a multi-billionaire in the process. 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 did not discuss the matter with Landry before announcing the decision. Jones also became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. Jerry Jones: Net Worth: $14 billion: Source of Wealth: Dallas Cowboys NFL team: Born: October 13, 1942 . Jerry Jones has a net worth of $11 billion. The Cowboys owner currently holds a net worth of $13.5 billion as per. 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. Here are some of Jones' assets: 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. 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. Dallas has a diverse offense that features star power at every position except tight end. 79 years. Besides his ownership of the Dallas Cowboys. [5], Jones attended the University of Arkansas, where he was a member of the Kappa Sigma fraternity. There was another factor in play, that being that a lot of Dallas types weren't thrilled with someone from Arkansas buying their football team. Majority owner: Jerry Jones, 72. 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. His net worth is now estimated at $14 billion. And there is no restriction on accomplishing those dreams. Jones stated he did not give consideration to retaining Landry for even a season, as he said he would not have purchased the team unless he could hire Johnson as coach. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. He attended North Little Rock High School followed by the University of Arkansas on a football scholarship. The Cowboys owner currently holds a net worth of $13.5 billion as per Forbes. In 2018, the company paid $38 million for a 200-acre site to be developed into a development called Star Business Park. He started quite a . [7], Other notable teammates were Glen Ray Hines, a consensus All-American offensive tackle; Ken Hatfield, who went on to coach several major programs including Arkansas; Jim Lindsey; future Outland Trophy winner Loyd Phillips; and College Football Hall of Fame linebacker Ronnie Caveness. All net worths are calculated using data drawn from public sources. The Mediterranean-style mansion which set him back $6 million in 1992, is now estimated to be worth $28 million in 2020. [20], At the time of the sale, the financially troubled Bright claimed to be losing $1 million per month on the franchise. World-renowned streamer Tyler "Ninja" Blevins and Jerry Jones are teaming up through the . which is a huge increase from the beginning of 2023 when he had a net worth of 137 billion dollars. 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. He also has made several appearances in television films and commercials. Jones also stated: "I don't know that I or anybody anticipated or had a background of knowing what was involved. People may receive compensation for some links to products and services on this website. Jerry Jones stood by him, but there's no question that Cowboys executives and fans expect more. He is owner of the yacht Bravo Eugenia, named after his wife. Once new ownership, familial (see Lions and Raiders, for example) or otherwise, is established, we reset the counter. He used all his profits from those businesses to purchase the Dallas Cowboys for $150 million, and success was his demand. That night was the first time anyone ever mentioned the internet to me. For years, it was a rich man's club, the league wasn't set up to make money. Jones purchased the Dallas Cowboys in 1989 for $140 million. 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. The main source of wealth is the increased value of his Dallas Cowboys team. 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. He has been the owner of the Cowboys since 1989. "That was Jerry's greatest challenge. I didn't want to fire him. At Arkansas, Jones' teammate was Jimmy Johnson, whom Jones would later hire as his first head coach after he purchased the Cowboys. According to Forbes, Jerry Jones' net worth is estimated at $13.7 billion. Bezos has the massive wealth needed to buy the team on his own, and then build the state of the . The NFL team is valued by Forbes at $5.7 billion, making it the most valuable sports team.