His most valuable single holding is the Dallas Cowboys NFL team, which he bought in 1989 for $150m (110 million). "Take Cowboys owner Jerry Jones (net worth: $8.8 billion)," said Forbes writer Mike Ozanian. Bright on February 25, 1989, for $140 million. Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. His most valuable holding is the Dallas Cowboys, which he bought for $150 million in 1989. Besides his ownership of the Dallas Cowboys. He has a large contemporary art collection. FRISCO, Texas It's a crossover many probably didn't see coming. The job comes with equity and a mandate to forge the future of the esports industry. All Rights Reserved. Reflects change since 5 pm ET of prior trading day. The team is currently worth $5.5 billion (4 billion). 1 everywhere except for in his home state. As of December 2019, Jones' net worth is reported by Forbes to be $8.5 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 . Not only that but he is also one of the billionaires of America like Preston Bezos. Now, the Cowboys are the most valuable asset in his portfolio with. 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). 2023 Forbes Media LLC. 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. I didn't do this for that. Jerry bought the Dallas Cowboys from H.R. To this day, Johnson is not included in the Dallas Cowboys "Ring of Honor." The Cowboys havent come close to winning a title in quite a while. * While ownership remains with the estates of the Titans, Bills and Buccaneers, we will use the original dates Bud Adams, Ralph Wilson and Malcolm Glazer assumed ownership of their respective franchises. 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 still invests in drilling opportunities as well as retail and residential real estate projects in Dallas, in hospitality management and Papa John's franchises. He is now worth $14.8 billion, a 63% increase since last year, according to Forbes estimates. 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). 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. Honestly, that wasn't even the bad news. The Cowboys owner currently holds a net worth of $13.5 billion as per Forbes. Another blunder like that might mean the premature end of the five-year contract he signed in. 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. However, there is no guarantee that Robinson is available at 26, the Cowboys may need to trade up before another team snatches him. Jerry Jones is the general manager and owner of the Dallas Cowboys which is one of the most valued franchises in the sporting world. At Arkansas, Jones' teammate was Jimmy Johnson, whom Jones would later hire as his first head coach after he purchased the Cowboys. 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.". That's not what my career has been about. 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. 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. After his graduation, Jones' parents moved to Springfield, Missouri, where Pat was president and chairman of Modern Security Life Insurance Co. [27], Some of the fan criticism is due to Jones' high visibility and involvement as the "face of the team",[28] a contrast to both Bright and the Cowboys' original owner, Clint Murchison Jr. Jones' prominent role has led to fans expressing displeasure with Jones and the lack of success of the franchise, with particular criticism of Jones' serving as his own general manager. 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. Jerry Jones' Net Worth. Jerry Jones: Net Worth: $14 billion: Source of Wealth: Dallas Cowboys NFL team: Born: October 13, 1942 . 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. Storytelling On The Plate: Kwame Onwuachi's Afro-Caribbean Journey To Lincoln Center, Will Santos Be Expelled From Congress? 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). I did it to have the stuff that money gets. This echoes what CBS Sports NFL Insider Jason La Canforawrote Thursday about ownership succession plans for 13 NFL teams, including 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. 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New court filings suggested Fox News hosts repeatedly pushed election fraud claims on-air despite acknowledging privately they knew they were false. After his purchase, he fired the coach, Tom Landry, and hired Jimmy Johnson in his stead. 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. "[53] Jones has expressed regret in not doing more to help the Black students feel more accepted at Little Rock.[54]. "Everyone forgets what was going on in 1989. He has seen many ups and downs in his career, but he didn't stop and continued his work. "Thing is, it wasn't about the Aikman contract. The move to Fox significantly increased television revenues and ultimately turned the NFL into the world's richest sports league with revenues of more than $10 billion each season. It was the first time I heard an owner talk about where the league was going. Your login session has expired. This guy was so far beyond what anyone else was thinking at the time. Dallas Cowboys owner Jerry Jones is being sued by a 25-year-old woman in North Texas claiming that he is her biological father. Here are the best new movies available on Netflix in the month of March. [20], At the time of the sale, the financially troubled Bright claimed to be losing $1 million per month on the franchise. The asking price at the time was $200 million. 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. Here are some of our favorite stories from this year at the intersection of sports and business. Jerry Jones has a net worth of $11 billion. Jerry Jones is known to invest heavily in oil ventures. And its safe to say his investment has more than paid off. Bachelor of Arts/Science, University of Arkansas; Master of Arts, University of Arkansas. 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. "That was Jerry's greatest challenge. Cowboys crystallize Jones' dream His long-held desire to own an NFL team came true in 1989, when he bought the Cowboys for around $140 million and among his first decisions as owner was to. ", 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. Jerry Jones was born in Los Angeles, California, in 1942 and spent his childhood in North Little Rock, Arkansas. For More Contents On Popular TikTok Star, Stay Tuned To AllStarBio. Jones did not discuss the matter with Landry before announcing the decision. In this photo, NFL owner Jerry Jones of the Dallas Cowboys stands on the sidelines before the game against the Denver Broncos at Sports Authority Field at Mile High in Denver, Colorado, Sept. 17 . [5], Jones attended the University of Arkansas, where he was a member of the Kappa Sigma fraternity. "Our first meeting was at Valley Ranch and there was no food except microwave popcorn, so we eventually leave for one of the airport hotels," Steinberg says. He wasn't interested, which I totally understood. His vision extends far beyond success on the football field. It breaks down all 32 NFL franchises by owner's age, when ownership was assumed, and the franchise's net worth. As of 2023, Jerry Jones had a net worth of $8.5 billion, the majority of which comes from his ownership stake in the Dallas Cowboys. You have to make it work or you're going to be recognized as a failure.". At one point, again using Teamster's money, Jones tried to buy the NFL's San Diego Chargers. [29] There was particular criticism of Jones over his conflict with head coach Jimmy Johnson, as Jones "wanted Cowboys fans to know he had helped build those Super Bowl-winning teams", while "Johnson insisted that he made all of the personnel moves" because he had the final say in football matters and refused to relinquish this power. Jerry Jones told Yahoo Finance in September that he wouldn't sell the Dallas Cowboys for $10 billion. 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. 2021, reported ESPN. A former football player himself, Jones played for the. 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. Dallas has a diverse offense that features star power at every position except tight end. World-renowned streamer Tyler "Ninja" Blevins and Jerry Jones are teaming up through the . Do not duplicate in any form without permission of the Dallas Cowboys. As of 2019, Charlotte has a net worth of $100 Million. Jerry was explaining to me how he was going to use this internet to grow the brand of the Dallas Cowboys. 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 stood by him, but there's no question that Cowboys executives and fans expect more. Jerry Jones and his wife own an enormous home in the Highland Park area of Dallas, worth around $20 million. Jerry Jones' yacht is worth a whopping $250 million. Follow. "There had never been anyone on the sidelines second-guessing his personal and business decisions in the past. Jones' Dallas Cowboys have been on the top of Forbes' list of most valuable NFL teams since 2018. 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. 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 . Jerry Jones bought the Dallas Cowboys for $140 million in 1989, they are now worth over $6.5 billion.Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value.He was laughed at for the former, but not the latter. In 2019, the company picked up another 60 acres nearby. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. And none of that would have occurred without Kraft. I didn't want to fire him. [3] Jones was a running back at North Little Rock High School, graduating in 1960. "Jerry called me in October, said he was thinking of buying the Cowboys and let's take a look at the books. According to Forbes, Jerry Jones' net worth is estimated at $13.7 billion. 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. He appeared as himself in the seventh season of the HBO series Entourage in 2010, in an episode of the TNT incarnation of Dallas titled "Truth and Consequences", which aired on July 4, 2012, in a series of commercials for the 2012 season of ESPN's Monday Night Football, and in the season 4 premiere of The League. In 1991, the Cowboys went 11-5 and made the playoffs, but lost in the second round. There is no majority owner. [12], On February 25, 1989, Jones purchased the Cowboys from H. R. "Bum" Bright for $140 million (equivalent to $292.5 million in 2020). In one scene, Jones is depicted as having huge, bulging chameleon-like eyes, as a young woman's head pops up from his lap. He was the executive vice president of the firm. and. 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? He is owner of the yacht Bravo Eugenia, named after his wife. In May 2021, Forbes named the Cowboys the worlds most valuable sports team, worth $5.7 billion after a 43-percent increase in value over five years. 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. The Cowboys have not won a Super Bowl since Super Bowl XXX. He had a brief cameo appearance as himself in the 1998 made-for-television reunion movie Dallas: War of the Ewings. 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. His parents owned two branches of Pat's Super Market in the Rose City . Jerry Jr. is the chief sales and marketing officer, as well as vice president of the Cowboys. The deal came with significant risk, as Belichick arrived in New England with a losing record and a less-than-stellar reputation. Since the dismissal, Jones indicated that he regrets the process of Landry's firing and his role in it. Jerry got it, he saw what the league could be financially. 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. More NFL offseason: League minicamp dates | Latest news, notes. The original petition was filed on Sept. 14, 2020, against Jones and the Cowboys by an anonymous woman using the pseudonym Jane Doe. 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. 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. According to Forbes.com, the franchise is currently worth $2.3 billion, $500 million more than any other NFL team (the Patriots are. Jerry's association with football commenced when he started playing as a 'running back' for his college team. 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. Jerry Jones and his front office know they need to find talent in the draft to replace some high . Eventually, he went back to Arkansas to get his Master's degree in Business and graduated in 1970. And when you consider what it took for the Patriots to become a dynasty, Kraft deserves tremendous credit for doing something Jones has not: finding a way to sustain success. 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. [2] His parents owned two branches of Pat's Super Market in the Rose City neighborhood of North Little Rock. We welcome all corrections and feedback using the button below. Jerry Jones declined to talk about his ongoing paternity suit at NFL owners' meetings. His net worth is $14 billion. Jones and Deion Sanders appeared together in several television commercials during Sanders' time with the Cowboys. [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. 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. First, Jones bought the Cowboys in 1989 for $140 million. $2.5 billion, according to our most recent tally. A former football player himself, Jones played for the University of Arkansas. [citation needed], Jones became involved in the St. Louis Rams move back to Los Angeles with Stan Kroenke in 2016. What is Jerry Jones' net worth in 2021? What is Jerry Jones' net worth? 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. Over the last decade, the Cowboys value increased over 220% from $1.50 billion to $4.80 . Today, Jones' net worth is estimated to be about $8.4 billion. We were talking about the future of the league. 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. I wanted to be in football, but I wanted to collect the resources that I could. Why is Jerry Jones so rich? "I offered him a front-office position, told him he could name the position. [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. Jones is the subject of the 2008 book Playing to Win by David Magee. The team is currently valued at $8 billion. But he was . GOBankingRates. "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. 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. By instinct, they were also risk-takers. It later emerged that Jones' predecessor, Bright, had been dissatisfied with Landry for years and offered to relieve Jones of the inevitable criticism by dismissing the longtime coach himself prior to selling the team. [11] His privately held company currently does natural resource prospecting. He has been the owner of the Cowboys since 1989. "Every NFL team was losing money, but here's the thing. In fact, to prevent a majority ownership situation, the number of shares an individual can purchase is limited. Jones isnt just a businessman with a football team, like so many of his fellow NFL ownershes also a former football player. He attended North Little Rock High School followed by the University of Arkansas on a football scholarship. He's not happy unless he's pleasing everyone. There were also heart problems. 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. Jones was born in Los Angeles, California, to John "Pat" and Armenita Jones. [24], The 2020 NFL season was Jones' 32nd as Cowboys owner, more than the combined tenures of his predecessors. pic.twitter.com/qXyO5MAf3p. All Rights Reserved. The calls for Santos expulsion are an escalation of GOP calls for his resignation over a ballooning lying scandal. But his team received plenty of positive press for winning at an unprecedented clip a particularly impressive feat given the constraints of the salary cap. 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. Jones also appeared as himself in a 1996 episode of the TV show Coach and in a 2007 television commercial for Diet Pepsi MAX, which also featured then Cowboys head coach Wade Phillips and quarterback Tony Romo. "That was one of the most exciting nights of my career. Although the Cowboys havent experienced much playoff success since, they remain the most valuable franchise in the NFL. 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. "At that point, I really only wanted to buy the Cowboys, so I thought that dream was done. 2023 Dallas Cowboys. There were many nights Jones slept in his office at Valley Ranch. Jones has a $10.7 billion net worth, according to Forbes, with his holdings headed by the Cowboys. People may receive compensation for some links to products and services on this website. . Jerry Jones Net Worth. Jones said: "Disloyalty I couldn't handle the disloyalty.". In 2018, the company paid $38 million for a 200-acre site to be developed into a development called Star Business Park. He said, "I don't know if you ever want to do anything else with your life. [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. After a 2018 deal, Jones became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. His most valuable asset, of course, is the Dallas Cowboys franchise. Jones made comments both to the press and on his radio show, saying Hochuli was one of the most criticized officials in the NFL. Being worth billions of dollars, Jerry Jones has been known to undertake Presidential endorsement and had endorsed Donald Trump earlier. Jones and Johnson turned the team around quickly and the next season the team went 7-9. 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. "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. He made his fortune as an oil wildcatter in the 1970s. [33] Jones was also a key proponent of the Oakland Raiders' move to Las Vegas to play at Allegiant Stadium. He purchased the Dallas Cowboys franchise 31 years back for $60 million. All rights reserved. Jones' support and role in the negotiations was criticized by some fans and sports media in St. He is known for owning the Dallas Cowboys NFL team. I wanted to say that it may not be the Cowboys, but theres nothing thats out of reach.. He is the son of Arminta Jones and J.W. 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. But thats just part of his story. In the 1992-93 season, the Cowboys defeated the Buffalo Bills in Super Bowl XXVII. [23], Increased television revenues have played a decisive role in securing the NFL's place as the world's richest sports league, with revenues of well over $10 billion per season. He spent the next two decades making money and plotting his return to football. Charlotte is married to her husband Shy Anderson and has three children. Cameo appearance as himself in the 1998 made-for-television reunion movie Dallas: War of the yacht Bravo Eugenia named! Valuable asset in his stead and role in it, Jones & # x27 ; s no question Cowboys. Back at North Little Rock, Arkansas worth is estimated to be about 8.4! Also a former football player himself, Jones attended the University of Arkansas1964 national championship team, like so of! Bad news enjoy travel his purchase, he went back to Los Angeles with Stan Kroenke in.. Forbes to be developed into a development called Star business Park equity and a less-than-stellar reputation had been... 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