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 . Despite the almost constant negative press, despite people shouting insults and cursing at him in public, really on a daily basis, Jones and Johnson went to work, one on the business end, the other football. He wasn't interested, which I totally understood. 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. But if you do, you'll never get the opportunity if you don't make the Cowboys work. pic.twitter.com/qXyO5MAf3p "Take Cowboys owner Jerry Jones (net worth: $8.8 billion)," said Forbes writer Mike Ozanian. [36] Commissioner Roger Goodell had issued a gag order for all owners and team executives from discussing any aspect of the pending labor issues. Jones has been credited with much of the success of the NFL overall since 1989. The defense may not be elite, but it certainly has a few exciting pieces. North Little Rock was beginning to integrate in 1957. Initially, he started his own oil and gas exploration business, Jones Oil and Land Lease, but later his love for the game led him to purchase the Cowboys whom he's been with since 1989, and guided them all these years, making them one of the most valued sports franchises in the world. Jones' Dallas Cowboys have been on the top of Forbes' list of most valuable NFL teams since 2018. * 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. Jerry Jones has been the owner of the Dallas Cowboy since 1989. He became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. So we contacted Solomon Brothers, who was handling the sale, and we went down to Dallas for a week," Dixon says. Tepper has so much money that he's worth nearly $4.5 billion more than the second-richest owner, Jerry Jones. 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. Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. 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. The pressure was seemingly insurmountable. The gains. All rights reserved. FRISCO, Texas It's a crossover many probably didn't see coming. 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. He was laughed at for the former, but not the latter. Jones is also the head of his real estate and investment company ( Blue Star Land ). Jerry Jones Jr. is the Cowboys' chief sales and marketing officer/vice . Jerry Jones is an American CEO, entrepreneur, and owner of the NFL's Dallas Cowboys. Curated by. Follow us on Twitter@sportscasting19. Cork Gaines. Jones isnt just a businessman with a football team, like so many of his fellow NFL ownershes also a former football player. With an estimated net worth of $8.3 billion, Robert Kraft doesnt have quite the same riches as the Cowboys outspoken owner. The team is currently worth $5.5 billion (4 billion). A former football player himself, Jones played for the University of Arkansas. 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. 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. they remain the most valuable franchise in the NFL. 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. [40] He reappears in the season 21 episode "Moss Piglets. 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. 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. I just wanted Jimmy Johnson as my head coach.". I wanted to say that it may not be the Cowboys, but theres nothing thats out of reach.. People may receive compensation for some links to products and services on this website. That night was the first time anyone ever mentioned the internet to me. Jones said: "Disloyalty I couldn't handle the disloyalty.". Following Jones is Rams owner Stan Kroenke, who has dropped down to "only" $8.2 billion, with Forbesestimating he has lost 18 percent of his wealth in the last year. Per Forbes' real time net worth tracker, Jerry Jones' net worth is $10.4 billion (7.6 billion) as of 21 September, 2021. Apart from owning the Dallas Cowboys, Jerry Jones made his first million in oil investments in the 1970s. Over the last decade, the Cowboys value increased over 220% from $1.50 billion to $4.80 . [50] Jones has paid nearly $3 million to the woman and her mother, which included the woman's full tuition at Southern Methodist University and a $70,000 Range Rover on her 16th birthday. Jerry Jone's Wife | Net Worth. Four years earlier, he, like the rest of the world, didn't even know the Cowboys were for sale. section: | slug: jerry-jones-bought-cowboys-for-140-million-now-worth-23-billion | sport: football | route: article_single.us | Jones was the inspiration for the character Baxter Cain (Robert Vaughn), owner of the Dallas Felons, in the 1998 film BASEketball. 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. Jones made a name for himself as an oil wildcatter, making his first million in oil investments in the 1970s. He is known for owning the Dallas Cowboys NFL team. 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. *** The Packers are a publicly traded, non-profit company owned by its shareholders. 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. After his graduation, Jones' parents moved to Springfield, Missouri, where Pat was president and chairman of Modern Security Life Insurance Co. 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. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. 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. . Here's what happened along the way. 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. 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 . Tyler Blevins will join GameSquare, the gaming venture 40%-owned by billionaires Jerry Jones and John Goff, as its chief innovation officer. 1 everywhere except for in his home state. At 5 a.m., Jerry and I are still talking. His parents owned two branches of Pat's Super Market in the Rose City . More NFL offseason: League minicamp dates | Latest news, notes. The main source of wealth is the increased value of his Dallas Cowboys team. How did Jerry Jones make his money before the Cowboys? The first season under Jones' ownership, the Cowboys finished 1-15. He tried to start several businesses in the late 60s. 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. He was the executive vice president of the firm. Dallas Cowboys team owner Jerry Jones wants to make one thing clear head coach Mike McCarthys job is not on the line. How Much is Dallas Cowboys Owner Jerry Jones Net Worth? At 14,000 square feet, with two stories, the mansion includes six bedrooms, seven bathrooms, a swimming pool, spa, tennis court, and marble floors. [19] Johnson then departed and was replaced by Barry Switzer, who won Super Bowl XXX in the 1995 season. "That was one of the most exciting nights of my career. [4] With the success of the company, the Joneses assembled the 5,500-acre Buena Vista Ranch east of Springfield in Rogersville, Missouri, in the Ozark Mountains. Now, what causes that? Jerry Jones Net Worth. Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. We welcome all corrections and feedback using the button below. Copyright 2023 Market Realist. Jerry Jones' yacht is worth a whopping $250 million. 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. His net worth is $14 billion. Jerry's association with football commenced when he started playing as a 'running back' for his college team. 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. 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. Jerry Jones Net Worth, Dallas Cowboys - $5.6 Billion. Jones launched Jones Oil and Land Lease, a privately held company that does natural resource prospecting. That figure is mind-boggling for a couple reasons. [20], At the time of the sale, the financially troubled Bright claimed to be losing $1 million per month on the franchise. Just think about that a minute. This guy was so far beyond what anyone else was thinking at the time. Jones and Deion Sanders appeared together in several television commercials during Sanders' time with the Cowboys. But who exactly are. "I read about it after the fact, and did a little research and found out it was a pretty private transaction. But in a game where success is measured by regular-season records and postseason appearances, Jones has found a way to make a lot of money in the absence of wins. We were talking about the future of the league. 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. It breaks down all 32 NFL franchises by owner's age, when ownership was assumed, and the franchise's net worth. Jones was born in Los Angeles, California, to John "Pat" and Armenita Jones. What he does have, though, is a collection of Lombardi Trophies. 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