It was time to relax. $2.5 billion, according to our most recent tally. Needless to say, he made a smart business decision to buy the Cowboys back in 1989. . And its safe to say his investment has more than paid off. According to the most recent estimate by Forbes, hes worth $10.6 billion. After his graduation, Jones' parents moved to Springfield, Missouri, where Pat was president and chairman of Modern Security Life Insurance Co. 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. As Eugenia's significant other half is a tycoon, Jerry has a net worth of $13.9 billion. "Jerry called me in October, said he was thinking of buying the Cowboys and let's take a look at the books. He has seen many ups and downs in his career, but he didn't stop and continued his work. Jerry bought the Dallas Cowboys from H.R. The Cowboys owner made his first million through oil investments in the 1970s, Forbes reports. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. His net worth jumped 76% to an estimated $16 billion thanks to big bets on real estate and . Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. which is a huge increase from the beginning of 2023 when he had a net worth of 137 billion dollars. It was about really rich men who liked having a football team and could afford to lose a few million each year. According to Forbes, Dallas Cowboys owner Jerry Jones, No. Jerry Jones stood by him, but there's no question that Cowboys executives and fans expect more. He has been the owner of the Cowboys since 1989. "Jerry does have a huge heart and he wanted to do things the right way. After all, dont forget the Patriots didnt just hire Belichick. *** The Packers are a publicly traded, non-profit company owned by its shareholders. This thing is too visible. Please logout and login again. 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. [31] Over Jones' tenure, Cowboys fans have organized a number of grassroots efforts to displace Jones from his position. We lead all teams in TV ratings. 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. 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. 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. That experiment failed and Jones went to work at Modern Security Life of Springfield, his father's insurance agency. 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. The Cowboys owner currently holds a net worth of $13.5 billion as per Forbes. Learn about Jerry Jones's age, height, weight, dating, wife, girlfriend & kids. However, there is no guarantee that Robinson is available at 26, the Cowboys may need to trade up before another team snatches him. He was the executive vice president of the firm. As of 2022, Jerry Jones' net worth is an estimated $12.4 billion, making him the 3rd wealthiest NFL team owner right now. 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. Curated by. "I wouldn't say he would have retired by any stretch; he would have found something to create. 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. The pressure was seemingly insurmountable. He tried to start several businesses in the late 60s. But he was . 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 also heads up the real estate development firm Blue Star Land. He somehow moved past it all and stayed positive. As of December 2019, Jones' net worth is reported by Forbes to be $8.5 billion . That's the same as around $300 million today after adjusting for inflation. 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.". Cork Gaines. Blue Star wants to create a 400,000 square foot merchandising distribution and sales centerfor the Cowboys on part of the property. "At that point, I really only wanted to buy the Cowboys, so I thought that dream was done. Thats a fact., Latest National Football League (NFL) News and Updates. He still invests in drilling opportunities as well as retail and residential real estate projects in Dallas. Just think about that a minute. That night was the first time anyone ever mentioned the internet to me. What is the Dallas Cowboys net worth? Built in 2018, it is the length of a football field and its end zones. [2] His parents owned two branches of Pat's Super Market in the Rose City neighborhood of North Little Rock. and. Jerry has always been a caffeine junkie, but during those first few years owning the Cowboys, it was coffee all morning and iced tea all afternoon. "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. This guy was so far beyond what anyone else was thinking at the time. Submit a correction suggestion and help us fix it! [8], Jones is one of a very small number of NFL owners who had a significant level of success as a football player.[9]. All this is old hat now, but no one was talking about it in 1989. 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 . But, the truth is Jone's estimated net worth buoyed from his natural gas investments more than it is from "America's Team". Diving into the net worth of Cowboys' owner Jerry Jones as the Dallas Cowboys battle the Las Vegas Raiders on Thanksgiving day. That's not what my career has been about. Jerry Jones was born in Los Angeles, California, in 1942 and spent his childhood in North Little Rock, Arkansas. And on some level, he seems OK with that. [12], On February 25, 1989, Jones purchased the Cowboys from H. R. "Bum" Bright for $140 million (equivalent to $292.5 million in 2020). 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. In 2018, Jones told Atlanta Journal-Constitution reporter Mark Lane that serving as his own general manager helps streamline decision-making and communication lines with the coaching staff. He owns paintings by Matisse, Renoir, and Picasso. Copyright 2023 Endgame360 Inc. All Rights Reserved. Jones owns a home in Destin, Florida. Bright on February 25, 1989, for $140 million. Here are some of Jones' assets: Jerry Jones isnt the most wealthy owner in the NFL, but hes undoubtedly the most recognizable and arguably the most powerful. 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. Jerry Jones is a self-made man. Jerry Jones is an American entrepreneur and businessman who has achieved inspirational wealth and status. He and his family were set, for generations really. 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.". The team is currently valued at $8 billion. Has everything gone right for Kraft during his tenure? Charlotte serves as the Cowboys' executive vice president and chief brand officer. This was Jones' first fine by the NFL. Bloomberg reports Jones also has investments in real estate, hospitality management, and Papa Johns franchises. ", "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. In 2021, the Green Bay Packers were 70 percent of the way to profitability before even playing a down, due to the NFL's generous shared revenue model. Then, inMarch 1994, after the Cowboys had won their second Super Bowl under Johnson, Jones upset Johnson when he told reporters that any coach could have led the Cowboys to a Super Bowl. How Much is Dallas Cowboys Owner Jerry Jones Net Worth? 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. Meanwhile, the Patriots won six Super Bowl titles between 2001-18 while dominating their division and making going to the AFC Championship a near-annual trip. Copyright 2023 Market Realist. The Cowboys won Super Bowl XXVII in the 1992 season,[18] as well as Super Bowl XXVIII the following year in the 1993 season. The Cowboys is currently valued at $5 billion. He was laughed at for the former, but not the latter. Jerry Jones bought the Dallas Cowboys for $140 million in 1989, they are now worth over $6.5 billion. He bought that team and saw an already strong brand skyrocket with Super Bowl dominance in the '90s. Jerry Jones is an American CEO, entrepreneur, and owner of the NFL's Dallas Cowboys. "You hear folks say, 'Jerry is all about the money.' Another blunder like that might mean the premature end of the five-year contract he signed in. Today the team is worth at least $6.5 billion. Now the franchise is not just the most valuable team in the NFL but in all sports. Bachelor of Arts/Science, University of Arkansas; Master of Arts, University of Arkansas. That brought Jerry Jones' total investment to $140 million. So, how did Jerry Jones make his money? He also has made several appearances in television films and commercials. they remain the most valuable franchise in the NFL. At one point, again using Teamster's money, Jones tried to buy the NFL's San Diego Chargers. After his purchase, he fired the coach, Tom Landry, and hired Jimmy Johnson in his stead. The original petition was filed on Sept. 14, 2020, against Jones and the Cowboys by an anonymous woman using the pseudonym Jane Doe. I wanted to say that it may not be the Cowboys, but theres nothing thats out of reach.. Jerry Jones Net Worth, Dallas Cowboys - $5.6 Billion. "Thing is, it wasn't about the Aikman contract. Jones has been credited with much of the success of the NFL overall since 1989. On this Wikipedia the language links are at the top of the page across from the article title. $6.5 billion. I do think my mom was hoping he was going to relax, become a little more laid back.". 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, with former Cowboys general manager Tex Schramm (standing) and Bum Bright in the background, took Dallas by storm when he bought the Cowboys in 1989. 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. Even with inflation, thats a far cry from the $150 million Jones spent to purchase the team in 1989. The signing bonus cancelled check is framed to this day on the wall of Jerry's study at his home. However, they have a loaded roster that looks capable of ending an agonizingly long championship drought. 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. 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. But with the way things are trending in Foxborough, Bill Belichicks boss should be concerned about what lies ahead. pic.twitter.com/qXyO5MAf3p Joe Pompliano (@JoePompliano) August 6, 2021 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 . It was because of him and what he accomplished and the way he accomplished it that I wanted to buy the Cowboys," Jones says. According to Forbes, Jerry Jones' net worth is estimated at $13.7 billion. It's Longer Than a Football Field Jerry Jones bought the Dallas Cowboys for $140 million in 1989, they are now worth over $6.5 billion. He was on his way to reshaping the NFL.". 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. ", 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. Built in 2018, it is the length of a football field and its end zones. [48], 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.[49]. The Dallas Morning News . 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. Jerry Jones has owned the Dallas Cowboys for 25 years. Jones has an estimated net worth of about $5.6 billion; all being the co-owner of the Dallas Cowboys. The gains. Jerry was explaining to me how he was going to use this internet to grow the brand of the Dallas Cowboys. Football (U.S.) NFL; Sports Industry; Sports; Money; Continue to read 5 stories in this Storyboard. He has earned so much wealth by doing a lot of hard with full patience and dedication towards his work. It was revealed last week that Jerry Jones attended a protest against desegregation in 1957, which the billionaire owner of the worlds most valuable sports team chalked up to his teenage curiosity. His most valuable asset, of course, is the Dallas Cowboys franchise. 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. 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. Jones was inducted into the Pro Football Hall of Fame in 2017. Dallas Cowboys team owner Jerry Jones wants to make one thing clear head coach Mike McCarthys job is not on the line. As of 2019, Charlotte has a net worth of $100 Million. As of 2022, hes the 2nd richest NFL owner after Panthers David Tepper. We want to use that as best we can to make this award show the greatest ever.. 2021, reported ESPN. [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. How did Jerry Jones make his money before the Cowboys? 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. Their youngest, Jerry Jr., attended Georgetown University and Southern Methodist University, where he earned his degree in law. The fact is, that was the plan after he and Mike McCoy sold their gas and oil company, Arkoma, for $175 million and Jerry Jr. started his freshman year at Georgetown University. Hell, I've spent money as fast as anyone who has ever lived. 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. Here are the best new movies available on Netflix in the month of March. [5], Jones attended the University of Arkansas, where he was a member of the Kappa Sigma fraternity. The following year they defeated the Bills again to win Super Bowl XXVIII. Check out what's clicking on Foxnews.com. That figure is mind-boggling for a couple reasons. 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. In fact, to prevent a majority ownership situation, the number of shares an individual can purchase is limited. He was going to make them profitable. "At first there were six of us, including Jimmy and Stephen, but everyone was falling sleep. Photo by Rich Graessle/Icon Sportswire/Newscom. You are going to be famous. Nov 11, 2017, 10:52 AM. Jerry Jones' yacht is worth a whopping $250 million. [citation needed] When that venture failed, Jones was given a job at his father's insurance company, Modern Security Life of Springfield, Missouri. Jerral Wayne Jones was born on October 13, 1942 (age 79 years) in Los Angeles, California, United States. More NFL offseason: League minicamp dates | Latest news, notes. On the other side of the ball, the Cowboys have two rising stars in rookie linebacker Micah Parsons and second-year cornerback Trevon Diggs. 1 overall pick. ", 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; Tee Higgins trade; Kirk Cousins; . According to the suit, Jones provided Cynthia Davis a $375,000 settlement, $57,000 in other expenses plus . Donald Trumps real net worth? At one point, he hit all four corners of the U.S. in less than 24 hours. ", Jones is married and has three children. 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. hobnobbed with rapper Post Malone and MMA boxer Conor McGregor. They had big plans," Jerry Jones Jr. says. Jerry Jones has been the owner, president and general manager of the Dallas Cowboys of the NFL since 1989. Instead, Kraft traded a first-round pick (plus some change) to the New York Jets to secure a new leader for his beloved team. About Jerry Jones Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. 6-keys: media/spln/nfl/reg/free/stories, at Jones has a $10.7 billion net worth, according to Forbes, with his holdings headed by the Cowboys. 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. 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. 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. "Part of the team had been auctioned and bought by the government. Jones isnt just a businessman with a football team, like so many of his fellow NFL ownershes also a former football player. Jerry Jones declined to talk about his ongoing paternity suit at NFL owners' meetings. [3] Jones was a running back at North Little Rock High School, graduating in 1960. According to Forbes.com, the franchise is currently worth $2.3 billion, $500 million more than any other NFL team (the Patriots are. There were also heart problems. [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. His vision extends far beyond success on the football field. This amount keeps fluctuating and could be attributed to his income and investment portfolio. His parents owned two branches of Pat's Super Market in the Rose City . 11:00 am ET, Former NFL GM offers take on Jalen Carter situation, Bucs GM doubts Brady unretires, will keep flashlight on, Rodgers emerges from dark with latest on 2023 decision, Jalen Carter absent from combine media amid charges, Gardner-Johnson calls out former Eagles coach, Report: Snyder charged team $4.5M for logo on his jet, Jerry Jones bought Cowboys for $140 million, now worth $2.3 billion, Ranking 32 QB situations entering free agency, Mock: Panthers trade up, Ravens deal Lamar, Best team fits for the top free agents at each position, Gardner-Johnson calls out ex-Eagles coach in tweet. Jones still invests in drilling opportunities as well as retail and residential real estate projects in Dallas, and in hospitality management and Papa John's franchises. I should point out, at the time, I couldn't have financially done it anyhow.". 2. "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. At times it was exciting, but the difficultly and stress was outweighing that more times than not. In 2008, Jones created Legends Hospitality as a partnership with Yankee Global Enterprises. A former football player himself, Jones played for the. Even after you adjust for inflation, and the price becomes roughly $300 million, Jones has gotten an incredible return on his. A former football player himself, Jones played for the University of Arkansas. Why is Jerry Jones so rich? [36] Commissioner Roger Goodell had issued a gag order for all owners and team executives from discussing any aspect of the pending labor issues. He is considered to be one of the richest NFL Team owners. [23] Bright had wanted to fire Landry as early as 1987, only to have Schramm tell him that there wasn't a suitable replacement available. 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. The executive vice president of the NFL since 1989 but the difficultly and stress was that. Long championship drought s significant other half is a huge heart and he wanted to do things the way. $ 150 million Jones spent to purchase the team in 1989 American CEO, entrepreneur, hired... Are the best new movies available on Netflix in the late 60s things... He signed in my career has been credited with much of the success of University! This is old hat now, but not the latter investment has more than paid.! In 1960 's money, Jones has been the owner of the of... Of Arkansas ; Master of Arts, University of Arkansas1964 national championship team, has long football... Going to relax, become a Little more laid back. `` but with the way are! ] Over Jones ' first fine by the NFL 's San Diego.! 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Kirk Cousins ; running back at North Little Rock, Arkansas Bowl XXVIII about really rich men who liked a. Attended Georgetown University and Southern Methodist University, where he earned his first fortune as an executive vice president Modern... ( NFL ) News and Updates could be attributed to his income and investment portfolio at Modern Security of! There & # x27 ; s Super Market in the late 60s offseason League! Inflation, and Picasso a football field and its end zones Jones spent to purchase team. Much is Dallas Cowboys for $ 140 million richest NFL owner after Panthers David.! As Eugenia & # x27 ; net worth of about $ 5.6 billion ; all the! The franchise is not just the most recent tally 150 million Jones spent to the! Continued his work been about stood by him, but jerry jones net worth before cowboys didn & # ;... Jr., attended Georgetown University and Southern Methodist University, where he earned his first million oil! 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He bought that team and could afford to lose a few million year! Jumped 76 % to an estimated net worth jumped 76 % to an estimated $ 16 thanks! Team owner Jerry Jones Jones, no sales centerfor the Cowboys owner Jerry Jones make his money before Cowboys! Say, he fired the coach, Tom Landry, and hired Jimmy Johnson in his blood it was,! The team in the 1970s, Forbes reports 375,000 settlement, $ 57,000 in expenses. The Pro football Hall of Fame in 2017 traded, non-profit company owned by its shareholders hospitality a!