Jerry Buss Net Worth – Dr. Jerry Buss was an American entrepreneur and owner of professional sports teams. Throughout his lifetime, he earned a fortune of $600 million. Jerry Buss amassed the majority of his fortune through his ownership of the Los Angeles Lakers basketball team. In 1984, Buss sold the club to Magic Johnson.
In addition, he was a former owner of the Los Angeles Sparks of the Women’s National Basketball Association, the Los Angeles Kings of the National Hockey League, and the Los Angeles Lakers of the National Basketball Association.
Dr. Jerry Buss was well-known for his wide impact on the world of professional sports, his extraordinary accomplishment as a modern owner, and his success as a businessman who treated everyone with dignity and respect. On Monday, Dr. Jerry Buss passed away at the age of eighty.
Jerry Buss was raised by his single mother in Kemmerer, Wyoming through the hardest years of the Great Depression. Buss was not only born in Salt Lake City but also grew up there. One of his first recollections as a very young child is waiting in a bread line to receive food.
Jerry’s academic diligence earned him a scholarship to the University of Wyoming, where he received his degree in two and a half years. At the age of 24, Jerry had completed both his master’s degree and Ph.D. dissertation in chemistry at the University of Southern California.
Additionally, Buss was a skilled poker player who competed professionally. Dr. Jerry Buss passed away in a Los Angeles hospital on February 18, 2013, after a protracted fight with cancer. Six of his children are heavily associated with The Lakers organization.
The Los Angeles Lakers
By 1979, Jerry had earned enough wealth to purchase the Los Angeles Lakers, the Sacramento Kings, and the Forum sports arena. He spent a total of $67.5 million for all three, with only $16 million going toward the Los Angeles Lakers. After adjusting for inflation, that amount is equivalent to $213 million today. At the time, it was the largest purchase of a sports club in sports history.
Jerry West led the Los Angeles Lakers to their first of 10 consecutive NBA championships in less than a year. In 2013, the year of his passing, the Los Angeles Lakers were worth $1 billion. They were among the first professional teams in the world to be valued at $1 billion.
The Los Angeles Lakers are currently one of the most valuable sports teams in the world, with a valuation of approximately $5.5 billion.
Jerry’s Wife and Children
In response to your inquiry about Jerry Buss’s marital status, he is married. He was married to a woman whose maiden name was JoAnn Mueller from 1957 to 1972.
During this time, four children were born to them: Johnny in 1957, Jim in 1959, Jeanie in 1961, and Janie in 1964. Later, he had two more daughters with a partner named Karen Demel Joey and Jesse who were born in 1985 and 1988, respectively.
Dr. Jerry Buss’s Net Worth
Dr. Jerry Buss, an American entrepreneur, and owner of professional sports clubs passed away in 2013 with a net worth of $600 million. He amassed this money before his death.
In the real estate market, Jerry Buss made his first substantial wealth. After that, he became the owner of the Los Angeles Lakers basketball team, which enabled him to earn a substantially larger wealth. He was also the former owner of the Los Angeles Sparks, Los Angeles Kings, and Los Angeles Lazers.
Jerry Bus’s Investments
After getting his degree, he began his career as a chemist and later worked in the aerospace sector before returning to the University of Southern California as a teaching member in the chemistry department.
While he was still employed as a professor at the University of Southern California, Jerry began making real estate investments in the greater Los Angeles area (USC). His objective was to produce income in addition to his teacher’s stipend.
Jerry was able to leave his teaching career fully due to the rapid success of his side business. He now devotes his entire time, effort, and focus to the real estate market. Jerry Buss would eventually become a very wealthy individual.