Also, the value of an NFL franchise is bound to change depending on the popularity and performance of the team. Over the last decade, the Cowboys value increased over 220% from $1.50 billion to $4.80 . After conflicts arose between Johnson and owner Jerry Jones, Jimmy agreed to leave in 1994 with a $2 million bonus. There is no majority owner. And none of that would have occurred without Kraft. Today, Jones' net worth is estimated to be about $8.4 billion. You have to make it work or you're going to be recognized as a failure.". 7, apparently saw the biggest gain this year. All Rights Reserved. The browser you are using is no longer supported on this site. "At first there were six of us, including Jimmy and Stephen, but everyone was falling sleep. *** The Packers are a publicly traded, non-profit company owned by its shareholders. The defense may not be elite, but it certainly has a few exciting pieces. The pressure was seemingly insurmountable. "My parents were going to be empty-nesters and enjoy travel. 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. I should point out, at the time, I couldn't have financially done it anyhow.". How did Jerry Jones make his money before the Cowboys? El director de operaciones de los Cowboys, Stephen Jones, dio una proyeccin sobre la etiqueta de franquicia y discuti una posible extensin para Dak Prescott. To win big, you have to play the big hand. Being worth billions of dollars, Jerry Jones has been known to undertake Presidential endorsement and had endorsed Donald Trump earlier. Jerry Jones and his front office know they need to find talent in the draft to replace some high . Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. 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 most valuable holding is the Dallas Cowboys, which he bought for $150 million in 1989. GOBankingRates. It was because of him and what he accomplished and the way he accomplished it that I wanted to buy the Cowboys," Jones says. Jones also became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. The magazine called Jones a wildcatter, someone who drills oils wells on land not known for being an oil field. [7] A few months later, he fired longtime general manager Tex Schramm, and assumed complete control over football matters. Never afraid to speak his mind and always looking for an opportunity to promote his beloved Dallas Cowboys, the 79-year-old has done a masterful job turning the franchise into a money-making machine. According to Forbes, there are only three owners in the NFL who are worth more. At one point, he hit all four corners of the U.S. in less than 24 hours. 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. Per Forbes' real time net worth tracker, Jerry Jones' net worth is $10.4 billion (7.6 billion) as of 21 September, 2021. 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. Dallas Cowboys owner Jerry Jones is being sued by a 25-year-old woman in North Texas claiming that he is her biological father. hobnobbed with rapper Post Malone and MMA boxer Conor McGregor. He used all his profits from those businesses to purchase the Dallas Cowboys for $150 million, and success was his demand. 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. 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. One night, he finally ventured out with his wife, Gene, for dinner, and sure enough, an older woman kicked him in the shin and said that was for Tom Landry. Jerry Jones Net Worth. By David Maraniss. Jerry Jones is an American entrepreneur and businessman who has achieved inspirational wealth and status. Their youngest, Jerry Jr., attended Georgetown University and Southern Methodist University, where he earned his degree in law. 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. Copyright 2023 Endgame360 Inc. All Rights Reserved. It took a lot longer than many expected, but Paul Pogba finally made his return to action for Juventus on Tuesday evening. 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. "Jerry does have a huge heart and he wanted to do things the right way. The Cowboys owner currently holds a net worth of $13.5 billion as per Forbes. 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. "Every NFL team was losing money, but here's the thing. He spent the next two decades making money and plotting his return to football. 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. [31] Over Jones' tenure, Cowboys fans have organized a number of grassroots efforts to displace Jones from his position. He was laughed at for the former, but not the latter. "That was Jerry's greatest challenge. The Cowboys have not won a Super Bowl since Super Bowl XXX. "Part of the team had been auctioned and bought by the government. We've included them jointly above and used their average age, 62. Related by education: University of Arkansas. 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. "Even after all those years of being together, Jerry boggled my mind through that stretch. For years, it was a rich man's club, the league wasn't set up to make money. . 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. The Cowboys havent come close to winning a title in quite a while. [3] Jones was a running back at North Little Rock High School, graduating in 1960. 2021, reported ESPN. "Then we went down a second time, Stephen came along, and we interviewed [longtime Cowboys president/general manager] Tex Schramm and a few of the financial folks with the team. 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 became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. they remain the most valuable franchise in the NFL. North Little Rock was beginning to integrate in 1957. 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. 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. According to the most recent estimate by Forbes, hes worth $10.6 billion. As of December 2019, Jones' net worth is reported by Forbes to be $8.5 billion . Just five years ago, the Cowboys accounted for 85% of his $5.2 billion net worth. Jones isnt just a businessman with a football team, like so many of his fellow NFL ownershes also a former football player. 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. And its safe to say his investment has more than paid off. 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. ", 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 is located in Dallas, Texas. He was going to make them profitable. Jones was inducted into the Pro Football Hall of Fame in 2017. $2.5 billion, according to our most recent tally. Jones has built the Cowboys into the most valuable sports franchises in the world, and guided them to three Super Bowl titles since 1989. Over the past four years, Jones has made more than 300% on oil and gas assets he. 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. 1.75m. Thanks to the terrific trio of Troy Aikman, Michael Irvin, and Emmitt Smith, Dallas won three Super Bowls in a four-year span, which certainly made ownership happy. [citation needed], Jones became involved in the St. Louis Rams move back to Los Angeles with Stan Kroenke in 2016. Jerry got it, he saw what the league could be financially. As Eugenia's significant other half is a tycoon, Jerry has a net worth of $13.9 billion. "I wouldn't say he would have retired by any stretch; he would have found something to create. Jones says. My dad always has to have a challenge, and really, he can't sit still. 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 . It breaks down all 32 NFL franchises by owner's age, when ownership was assumed, and the franchise's net worth. He purchased the Dallas Cowboys franchise 31 years back for $60 million. Hunt Family Check out what's clicking on Foxnews.com. At Arkansas, Jones' teammate was Jimmy Johnson, whom Jones would later hire as his first head coach after he purchased the Cowboys. [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. . 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. "Jerry called me in October, said he was thinking of buying the Cowboys and let's take a look at the books. 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. We welcome all corrections and feedback using the button below. Representing Aikman in the negotiations was super-agent Leigh Steinberg, who the movie character of Jerry Maguire was later based. Bloomberg reports Jones also has investments in real estate, hospitality management, and Papa Johns franchises. "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. 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. Jerry Jones is a self-made man. He received his master's degree in business in 1970. "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. Just think about that a minute. [38], Jones also appears in a 2013 Pepsi commercial, walking into an elevator filled with three men wearing New York Giants apparel, who look at him with discontent. `` Even after all those years of being together, Jerry has a net worth is estimated to be as... Shareholder in Comstock Resources, a publicly traded Texas oil and gas company franchise 31 back! 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