Despite having a smaller net worth than Jones, New England Patriots owner Robert Kraft possesses plenty of valuable items money cant buy. "I offered him a front-office position, told him he could name the position. He had a brief cameo appearance as himself in the 1998 made-for-television reunion movie Dallas: War of the Ewings. Among the first orders of business, after significantly downsizing the team's employee count, was working out a contract agreement with Troy Aikman before they selected him with the No. People may receive compensation for some links to products and services on this website. By David Maraniss. 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. 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. There would be no more risk-taking. A former football player himself, Jones played for the University of Arkansas. That experiment failed and Jones went to work at Modern Security Life of Springfield, his father's insurance agency. On the other hand, his father, Jerry Jones' net worth is around $11 billion as of 2023 which he earned by owning the Dallas Cowboys. 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. [7] A few months later, he fired longtime general manager Tex Schramm, and assumed complete control over football matters. Majority owner: Jerry Jones, 72. Jones purchased the Dallas Cowboys in 1989 for $140 million. According to Forbes, Jerry Jones' net worth is estimated at $13.7 billion. "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. At least, not where it really matters in the pro football world. [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. We were talking about the future of the league. Over the last decade, the Cowboys value increased over 220% from $1.50 billion to $4.80 . 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. He wasn't interested, which I totally understood. Being worth billions of dollars, Jerry Jones has been known to undertake Presidential endorsement and had endorsed Donald Trump earlier. This amount keeps fluctuating and could be attributed to his income and investment portfolio. Hell, I've spent money as fast as anyone who has ever lived. It breaks down all 32 NFL franchises by owner's age, when ownership was assumed, and the franchise's net worth. Jerry Jones is an American billionaire who owns the NFLs Dallas Cowboys. That's the same as around $300 million today after adjusting for inflation. pic.twitter.com/qXyO5MAf3p Joe Pompliano (@JoePompliano) August 6, 2021 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. According to the most recent estimate by Forbes, hes worth $10.6 billion. My dad always has to have a challenge, and really, he can't sit still. The money, I don't get a kick out of thinking about my bank accounts or like Scrooge looking at his stacks of money. 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. Storytelling On The Plate: Kwame Onwuachi's Afro-Caribbean Journey To Lincoln Center, Will Santos Be Expelled From Congress? At one point, again using Teamster's money, Jones tried to buy the NFL's San Diego Chargers. A former football player himself, Jones played for the. You are going to be famous. 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. He was going to make them profitable. 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. Put another way: Winning, it turns out, isn't everything. His parents owned two branches of Pat's Super Market in the Rose City . He's so competitive. I wanted to be in football, but I wanted to collect the resources that I could. [8], Jones is one of a very small number of NFL owners who had a significant level of success as a football player.[9]. For Jerry Jones, the price of admission into the NFL came out to $140 million. He was instrumental in brokering a deal between Stan Kroenke, San Diego Chargers owner Dean Spanos, and Oakland Raiders owner Mark Davis to ensure that Kroenke's SoFi Stadium plan passed, which it did via a 302 owners vote in favor. The main source of wealth is the increased value of his Dallas Cowboys team. 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. But the team isn't all he owns. His most valuable asset, of course, is the Dallas Cowboys franchise. The company, which an advertisement billed as a "one in a million" company, saw its assets increase from $440,299.76 in its first statement in 1961 to $6,230,607 in 1965. After a 2018 deal, Jones became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. Legends is a food, beverage, merchandise, retail and stadium operations companyserving entertainment venues such as Cowboys Stadium. Jerry Jones has a net worth of $11 billion. He's not happy unless he's pleasing everyone. They had borrowed huge amounts of money from Mr. [Harvey 'Bum'] Bright's banks," Jones says. What is Jerry Jones' net worth in 2021? Owner of Dallas Cowboys, former footballer, owner of Jones Oil and Land Lease, The Gene and Jerry Jones Family Arlington Youth Foundation, 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). To win big, you have to play the big hand. GOBankingRates. "Even after all those years of being together, Jerry boggled my mind through that stretch. They have three children, Stephen, Jerry Jr., and Charlotte. [11] His privately held company currently does natural resource prospecting. [12], On February 25, 1989, Jones purchased the Cowboys from H. R. "Bum" Bright for $140 million (equivalent to $292.5 million in 2020). After all, dont forget the Patriots didnt just hire Belichick. But thats just part of his story. 1992 Cowboys win first of three Super Bowls under Jones. Notable members on the team included Johnson holdovers Troy Aikman, Emmitt Smith, Michael Irvin, and Super Bowl XXX MVP Larry Brown. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. He somehow moved past it all and stayed positive. Jerry Jones is known to invest heavily in oil ventures. Jerry Jones Net Worth. Over the past four years, Jones has made more than 300% on oil and gas assets he. Tyler Blevins will join GameSquare, the gaming venture 40%-owned by billionaires Jerry Jones and John Goff, as its chief innovation officer. He also has made several appearances in television films and commercials. [32], Jones is the subject of the 2008 book Playing to Win by David Magee. I just wanted Jimmy Johnson as my head coach.". This thing is too visible. 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. 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. 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. However, they have a loaded roster that looks capable of ending an agonizingly long championship drought. About Jerry Jones Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. Jerry was explaining to me how he was going to use this internet to grow the brand of the Dallas Cowboys. "Thing is, it wasn't about the Aikman contract. Jerry Jones and his front office know they need to find talent in the draft to replace some high . Jerry Jones has been the owner of the Dallas Cowboy since 1989. Jerry Jones has a net worth that currently stands at an estimated $8.4 billion, according to Forbes. [39], He was parodied on the first episode, "Go Fund Yourself", of the eighteenth season of South Park, along with several other NFL team owners. Theses are the Book Of Boba Fett episodes you need to watch before The Mandalorian Season 3. 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. He purchased the Dallas Cowboys franchise 31 years back for $60 million. This guy was so far beyond what anyone else was thinking at the time. As a result, he has been an influential figure for not just said NFL team but also the NFL as a whole. Jones also heads up the real estate development firm Blue Star Land. Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. It would have been inconceivable to me to think that someday I might be standing here in Dallas owning the Dallas Cowboys. Reflects change since 5 pm ET of prior trading day. The deal came with significant risk, as Belichick arrived in New England with a losing record and a less-than-stellar reputation. 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. An avid art collector, Jones' collection includes Norman Rockwell's "Coin Toss" as well as paintings by Picasso, Renoir and Matisse among others. He was all-in. On the other side of the ball, the Cowboys have two rising stars in rookie linebacker Micah Parsons and second-year cornerback Trevon Diggs. And none of that would have occurred without Kraft. But I love Jag fans, I love Eagle fans, I love Redskin fans, Massillon High School fans, Canton McKinley fansyou're here tonight because you love the game, I am here because I love it too.". According to the suit, Jones provided Cynthia Davis a $375,000 settlement, $57,000 in other expenses plus . 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. Jones isnt just a businessman with a football team, like so many of his fellow NFL ownershes also a former football player. Jimmy right there at the table. The woman is the daughter of a former airline employee that Jones met in Little Rock, Arkansas. The NFL team is valued by Forbes at $5.7 billion, making it the most valuable sports team. The Cowboys owner made his first million through oil investments in the 1970s, Forbes reports. In terms of the ultimate dream, well, the NFL kept moving the goal posts on Jones, the price tag of admission only kept growing, more so than Jerry's bank account, at least until 1988. Jerry Jones Brand deals and Endorsements (Image via AS USA) However, there is no guarantee that Robinson is available at 26, the Cowboys may need to trade up before another team snatches him. $2.5 billion, according to our most recent tally. Think mega-rich. Profile summary Full name: Jerral Wayne Jones Popularly known as: Jerry Jones Gender: Male Date of birth: 13th of October 1942 Football matters critics claim stadium operations companyserving entertainment venues such as Cowboys stadium a whole Wayne... 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