There is no majority owner. This amount keeps fluctuating and could be attributed to his income and investment portfolio. Apart from owning the Dallas Cowboys, Jerry Jones made his first million in oil investments in the 1970s. 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. Nov 11, 2017, 10:52 AM. Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. "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. 2. Has everything gone right for Kraft during his tenure? I wanted to say that it may not be the Cowboys, but theres nothing thats out of reach.. 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. 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. 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 Jr. is the chief sales and marketing officer, as well as vice president of the Cowboys. That night was the first time anyone ever mentioned the internet to me. Now, what causes that? He was going to make them profitable. He was on his way to reshaping the NFL.". Jones also heads up the real estate development firm Blue Star Land. Now, the Cowboys are the most valuable asset in his portfolio with. At 14,000 square feet, with two stories, the mansion includes six bedrooms, seven bathrooms, a swimming pool, spa, tennis court, and marble floors. The browser you are using is no longer supported on this site. That's the same as around $300 million today after adjusting for inflation. The Cowboys owner made his first million through oil investments in the 1970s, Forbes reports. The job comes with equity and a mandate to forge the future of the esports industry. Jerry Jones has been the owner, president and general manager of the Dallas Cowboys of the NFL since 1989. Theses are the Book Of Boba Fett episodes you need to watch before The Mandalorian Season 3. His most valuable holding is the Dallas Cowboys, which. And its safe to say his investment has more than paid off. I wanted to be in football, but I wanted to collect the resources that I could. Jones' support and role in the negotiations was criticized by some fans and sports media in St. [47] Jerry Jones Jr. is the Cowboys' chief sales and marketing officer/vice president. . For years, it was a rich man's club, the league wasn't set up to make money. Jones owns a home in Destin, Florida. See . Even with inflation, thats a far cry from the $150 million Jones spent to purchase the team in 1989. In 2008, Jones created Legends Hospitality as a partnership with Yankee Global Enterprises. He still invests in drilling opportunities as well as retail and residential real estate projects in Dallas. Jerry Jones is an American CEO, entrepreneur, and owner of the NFL's Dallas Cowboys. The family moved back to North Little Rock, Arkansas, in 1945. He was also the. 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. 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. Really, almost immediately Jerry became Public Enemy No. Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. The Dallas Cowboys has a value of $8 billion. "Why would I play for another four hours when the deal was done?" Related by education: University of Arkansas. ", 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. That experiment failed and Jones went to work at Modern Security Life of Springfield, his father's insurance agency. Apparently he loves pizza, as he is the half-owner of 75 Papa John's pizza franchises, which should be noted goes great with Pepsi. "At first there were six of us, including Jimmy and Stephen, but everyone was falling sleep. The Mediterranean-style mansion which set him back $6 million in 1992, is now estimated to be worth $28 million in 2020. "The Dallas Cowboys fans are the greatest fans on Earth. [2] His parents owned two branches of Pat's Super Market in the Rose City neighborhood of North Little Rock. 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. About Jerry Jones Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. Bezos has the massive wealth needed to buy the team on his own, and then build the state of the . Even after you adjust for inflation, and the price becomes roughly $300 million, Jones has gotten an incredible return on his. 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 doesn't like to waste time. Copyright 2023 Endgame360 Inc. All Rights Reserved. Over the past four years, Jones has made more than 300% on oil and gas assets he. A former footballer himself, he played with the University of Arkansas. 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. Jerry Jones is an American entrepreneur and businessman who has achieved inspirational wealth and status. To this day, Johnson is not included in the Dallas Cowboys "Ring of Honor." "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. On the other hand, New England has a promising first-year quarterback, a few solid role players, and a whole bunch of question marks. He was all-in. 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. 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. Explore Jerry Jones's Bio-Wiki, net worth & salary in 2023. 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. We have not gone, yet we're the most popular TV show there is on television. In one scene, Jones is depicted as having huge, bulging chameleon-like eyes, as a young woman's head pops up from his lap. Jerry Jones has owned the Dallas Cowboys for 25 years. Four years earlier, he, like the rest of the world, didn't even know the Cowboys were for sale. 2023 Celebrity Net Worth / All Rights Reserved. 2004-2023 CBS Interactive. This echoes what CBS Sports NFL Insider Jason La Canforawrote Thursday about ownership succession plans for 13 NFL teams, including the Cowboys. The Cowboys is currently valued at $5 billion. 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. 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He made his fortune as an oil wildcatter in the 1970s. Built in 2018, it is the length of a football field and its end zones. 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. 79 years. The signing bonus cancelled check is framed to this day on the wall of Jerry's study at his home. 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. 2023 Forbes Media LLC. "Everyone forgets what was going on in 1989. [citation needed], Jones became involved in the St. Louis Rams move back to Los Angeles with Stan Kroenke in 2016. Since the dismissal, Jones indicated that he regrets the process of Landry's firing and his role in it. [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. 1 everywhere except for in his home state. After his graduation, Jones' parents moved to Springfield, Missouri, where Pat was president and chairman of Modern Security Life Insurance Co. Jones has been credited with much of the success of the NFL overall since 1989. Id do anything known to man to get to a Super Bowl, he said at a news conference in Jul. His most valuable asset, of course, is the Dallas Cowboys franchise. The NFL team is valued by Forbes at $5.7bn, making it the most valuable sports team in the. All Rights Reserved. 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 who exactly are. Jerry Jones megayacht is worth $250 million. Dallas Cowboys owner Jerry Jones is being sued by a 25-year-old woman in North Texas claiming that he is her biological father. 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, Robert Kraft and 23 More Of The Richest NFL Team Owners . He has earned so much wealth by doing a lot of hard with full patience and dedication towards his work. It would have been inconceivable to me to think that someday I might be standing here in Dallas owning the Dallas Cowboys. So, how did Jerry Jones make his money? 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. 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. He tried to start several businesses in the late 60s. He was all-in. They had big plans," Jerry Jones Jr. says. While the Cowboys enjoyed an impressive run in the early 90s, they havent advanced past the Divisional Round since 1995. 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. The Cowboys Owner Has a Net Worth of $8.6 Billion Jones had success long before he became the owner of the Cowboys. Jerry Jones (American Businessman, President and General Manager of the 'Dallas Cowboys Team' of the NFL) Jerry Jones is the man who single-handedly enabled 'Dallas Cowboys' to reclaim their former glory. Charlotte serves as the Cowboys' executive vice president and chief brand officer. ", "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. 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. He's so competitive. 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). He has also endorsed a couple of coaches for his team. I was sitting right where they were sitting, and I can remember it better than I can remember last month. Built in 2018, it is the length of a football field and its end zones. [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. Jerry bought the Dallas Cowboys from H.R. The NFL's next-richest is Cowboys owner Jerry Jones, with an estimated net worth of $8.9 billion. Jones has a net worth of $10.7bn, according to Forbes, with his holdings headed by the Cowboys. One advisor told Jones that he would likely be losing $25 million a year by 1992. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. 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. Bright who had previously purchased the Cowboys for $60 million. The Cowboys have not won a Super Bowl since Super Bowl XXX. 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. "Those were really hard times, and we had never experienced that. LikeSportscastingon Facebook. There were death threats, both by mail and over the phone. Do not duplicate in any form without permission of the Dallas Cowboys. All Rights Reserved. According to Forbes, Jones made his first million as an oil. Jerry Jones' yacht is worth a whopping $250 million. 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. "You hear folks say, 'Jerry is all about the money.' As a result, he has been an influential figure for not just said NFL team but also the NFL as a whole. Jerry Jones Brand deals and Endorsements (Image via AS USA) It took a lot longer than many expected, but Paul Pogba finally made his return to action for Juventus on Tuesday evening. Over the last decade, the Cowboys value increased over 220% from $1.50 billion to $4.80 . As per Bloomberg, Jerry Jones Net Worth in 2023 is estimated to be around $13.5 billion. Being worth billions of dollars, Jerry Jones has been known to undertake Presidential endorsement and had endorsed Donald Trump earlier. On the other side of the ball, the Cowboys have two rising stars in rookie linebacker Micah Parsons and second-year cornerback Trevon Diggs. We welcome all corrections and feedback using the button below. 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. Here's an illustrated timeline of his tenure in Dallas", "Cowboys' Jerry Jones opens up to News about trying to end Super Bowl drought, Tony Romo, Dak Prescott and possible HoF election", "NFL took in $13 billion in revenue last season see how it stacks up against other pro sports leagues", Sports Illustrated features state of Virginia in series of 50 state-specific weekly sections, Ex-Cowboys Owner Bright Almost Fired Landry in '87, "Jerry Jones built a Hall of Fame legacy for knowing how to 'stir it up a little bit', "Why Jerry Jones' argument for keeping GM role no longer holds water", "Jerry Jones can't buy what he really wants", "Dallas Cowboys owner Jerry Jones explains why he is also the team president and GM", "Report: Still an NFL power broker, Cowboys' Jerry Jones helps Rams earn Los Angeles move", "How Cowboys owner Jerry Jones got this Vegas Raiders deal done", "NFL fines Cowboys' Jerry Jones $100,000 for CBA remarks", "Pepsi and the NFL get fans pumped for football all season long", "Cowboys GM Jerry Jones named NFL Executive of the Year by PFWA", "Pro Football Hall of Fame's Class of 2017 - Pro Football Hall of Fame Official Site", "Jerry Jones to Receive Distinguished Texan Award > National Football Foundation > NewsDetail", "Golden Plate Awardees of the American Academy of Achievement", "Jerry Jones Honored With Horatio Alger Award", "Charlotte Jones Anderson official Dallas Cowboys bio", "Guess Which Celebrities Vacation in Destin, Florida? 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. . 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. Jerry wanted to win as much as anyone, but he was going to run the Cowboys as a business. In February 1989, Jerry Jones bought the Dallas Cowboys for $140 million. Forbes has estimated. Jones also became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. In 2018, the company paid $38 million for a 200-acre site to be developed into a development called Star Business Park. 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