Within days, never mind in the coming weeks, months and years, Jones would become one of the most recognizable men in sports. The money, I don't get a kick out of thinking about my bank accounts or like Scrooge looking at his stacks of money. 2023 Celebrity Net Worth / All Rights Reserved. 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. Follow us on Twitter@sportscasting19. 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. For More Contents On Popular TikTok Star, Stay Tuned To AllStarBio. The Cowboys is currently valued at $5 billion. 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. 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. However, they have a loaded roster that looks capable of ending an agonizingly long championship drought. 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. As of December 2019, Jones' net worth is reported by Forbes to be $8.5 billion . His net worth is now estimated at $14 billion. As per Bloomberg, Jerry Jones Net Worth in 2023 is estimated to be around $13.5 billion. By David Maraniss. pic.twitter.com/qXyO5MAf3p. Parcells' successor, Wade Phillips, complained to friends about being "undermined and second-guessed, repeatedly" by Jones. They had borrowed huge amounts of money from Mr. [Harvey 'Bum'] Bright's banks," Jones says. The family moved back to North Little Rock, Arkansas, in 1945. It was a shame so many people didn't see, or understand, that side of him.". Jones is also the head of his real estate and investment company ( Blue Star Land ). Jerry Jones: Net Worth: $14 billion: Source of Wealth: Dallas Cowboys NFL team: Born: October 13, 1942 . 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. And on some level, he seems OK with that. Please logout and login again. You have to make it work or you're going to be recognized as a failure.". Your login session has expired. Whether this ever had a chance of becoming reality, whether he could have shut down that brilliant mind of his from working 22 hours a day, that's a debate for another time. Just something to keep in mind as you peruse the graphic below. This echoes what CBS Sports NFL Insider Jason La Canforawrote Thursday about ownership succession plans for 13 NFL teams, including the Cowboys. Eventually, he went back to Arkansas to get his Master's degree in Business and graduated in 1970. 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I was sitting right where they were sitting, and I can remember it better than I can remember last month. Thats a fact., Latest National Football League (NFL) News and Updates. Owner Jerry Jones has over the years told our Mike Fisher and yours truly how much he values being both a "businessman'' and a "sportsman.'' Alas, if only he was equally good at both. Jerry Jones Brand deals and Endorsements (Image via AS USA) One advisor told Jones that he would likely be losing $25 million a year by 1992. On the other hand, Jones confidence level about the Cowboys chances of capturing some championship hardware in the the near future should be at an all-time high. Per Forbes' real time net worth tracker, Jerry Jones' net worth is $10.4 billion (7.6 billion) as of 21 September, 2021. "That was Jerry's greatest challenge. Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. But if you do, you'll never get the opportunity if you don't make the Cowboys work. 7. But his team received plenty of positive press for winning at an unprecedented clip a particularly impressive feat given the constraints of the salary cap. . That's not what my career has been about. His finances, mostly through the sale of Arkoma, had changed dramatically. As per Bloomberg, Jerry Jones Net Worth in 2023 is estimated to be around $13.5 billion. But, the truth is Jone's estimated net worth buoyed from his natural gas investments more than it is from "America's Team". He had a brief cameo appearance as himself in the 1998 made-for-television reunion movie Dallas: War of the Ewings. "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. According to Forbes, Jones made his first million as an oil. GOBankingRates. Everyone is going to know your face, want your autograph, want to take a picture. 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. But if he is not . 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. He was talking about branding, TV contracts, independent deals of the NFL, naming rights for stadiums, sponsorships. ", After signing the papers, Jones and Dixon headed to a local bar for a drink. Jerry was explaining to me how he was going to use this internet to grow the brand of the Dallas Cowboys. Donald Trumps real net worth? Needless to say, he made a smart business decision to buy the Cowboys back in 1989. Also, the value of an NFL franchise is bound to change depending on the popularity and performance of the team. Jerry Jones is an American CEO, entrepreneur, and owner of the NFL's Dallas Cowboys. That brought Jerry Jones' total investment to $140 million. 2009 Opens new Cowboys venue, AT&T Stadium, in Arlington, Texas. "He bought the franchise in 1989 for $150 million and has since added a number of big-ticket . [34], Jones was fined $25,000 by the NFL for publicly criticizing referee Ed Hochuli after Hochuli made a call in a game between the San Diego Chargers and the Denver Broncos on September 14, 2008. He is owner of the yacht Bravo Eugenia, named after his wife. Jerry Jones told Yahoo Finance in September that he wouldn't sell the Dallas Cowboys for $10 billion. 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. 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. The woman is the daughter of a former airline employee that Jones met in Little Rock, Arkansas. Jones owns a home in Destin, Florida. Jones' Dallas Cowboys have been on the top of Forbes' list of most valuable NFL teams since 2018. When Jerry Jones purchased the Cowboys, they . 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. The pressure was seemingly insurmountable. "Why would I play for another four hours when the deal was done?" Jerry Jone's Wife | Net Worth. 1 everywhere except for in his home state. Despite having a smaller net worth than Jones, New England Patriots owner Robert Kraft possesses plenty of valuable items money cant buy. Obviously, much of that can be attributed to the Dallas Cowboys, which have helped make him the 44th richest person in the United States. My dad always has to have a challenge, and really, he can't sit still. 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. Id do anything known to man to get to a Super Bowl, he said at a news conference in Jul. Hell, I've spent money as fast as anyone who has ever lived. He was sleeping an hour here and there, and was soon diagnosed with sleep arrhythmia. Jerry Jones Net Worth, Dallas Cowboys - $5.6 Billion. [19] Johnson then departed and was replaced by Barry Switzer, who won Super Bowl XXX in the 1995 season. He became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. What causes that is creating some aura, creating some excitement. 2004 Enters joint venture with Papa John's for Texas pizza franchises. His net worth jumped 76% to an estimated $16 billion thanks to big bets on real estate and . "The Dallas Cowboys fans are the greatest fans on Earth. 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). [8] Several future head coaches were assistant coaches for Broyles on the Razorbacks' staff during Jones' college career in Fayetteville, including three more members of the College Football Hall of Fame: Hayden Fry (Southern Methodist University, North Texas State University, and the University of Iowa); Johnny Majors (Iowa State University, University of Pittsburgh, and the University of Tennessee), and Barry Switzer (University of Oklahoma, and later head coach of the Cowboys under Jones). 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. $6.5 billion. [20], At the time of the sale, the financially troubled Bright claimed to be losing $1 million per month on the franchise. [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. He was also the founder and owner of Jones Oil and Land Lease, which searches for natural resources of oil and gas in Arkansas. Notable members on the team included Johnson holdovers Troy Aikman, Emmitt Smith, Michael Irvin, and Super Bowl XXX MVP Larry Brown. "I offered him a front-office position, told him he could name the position. I wanted to be in football, but I wanted to collect the resources that I could. In March 2022, Jones was served with legal action by a 25-year-old woman who claimed that he is her biological father. pic.twitter.com/qXyO5MAf3p The Dallas Morning News . However, even though Jones boasts a net worth in excess of $10 billion and has Americas Team as part of his financial portfolio, he still falls short where it really matters to one of his peers with a little less spending power. Market Realist is a registered trademark. Jerry Jr. is the chief sales and marketing officer, as well as vice president of the Cowboys. Jerry Jones is an American billionaire who owns the NFLs Dallas Cowboys. He made his fortune as an oil wildcatter in the 1970s. Jerry Jones; Tee Higgins trade; Kirk Cousins; . For Jerry Jones, the price of admission into the NFL came out to $140 million. 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. At least, not where it really matters in the pro football world. Jerry got it, he saw what the league could be financially. Soon after the purchase he fired Tom Landry, the only coach in the team's history, and hired his old Arkansas teammate Jimmy Johnson. [5], Jones attended the University of Arkansas, where he was a member of the Kappa Sigma fraternity. The following browsers are supported: Chrome, Edge (v80 and later), Firefox and Safari. The deal came with significant risk, as Belichick arrived in New England with a losing record and a less-than-stellar reputation. In 1991, the Cowboys went 11-5 and made the playoffs, but lost in the second round. [11] His privately held company currently does natural resource prospecting. A former football player himself, Jones played for the University of Arkansas. In 2019, the company picked up another 60 acres nearby. [23], Increased television revenues have played a decisive role in securing the NFL's place as the world's richest sports league, with revenues of well over $10 billion per season. Jones jumped into the workforce at age 9 as a customer greeter at his parent's grocery store, named Pat's Supermarket. 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. There were death threats, both by mail and over the phone. Just five years ago, the Cowboys accounted for 85% of his $5.2 billion net worth. ", "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. 6-keys: media/spln/nfl/reg/free/stories, at He was all-in. [6] He was co-captain of Arkansas' 1964 national championship football team. [35], In 2009, Jones was fined $100,000 for violating a gag order on labor issues, commenting that revenue sharing was "on its way out". The Jones family has pledged to donate $16.5 million to organizations supporting Arlington youth for over 33 years now. He could have gone dead-dog broke on this.". It was about really rich men who liked having a football team and could afford to lose a few million each year. 2023 Dallas Cowboys. His most valuable holding is the Dallas Cowboys, which. There were many nights Jones slept in his office at Valley Ranch. [47] Jerry Jones Jr. is the Cowboys' chief sales and marketing officer/vice president. 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 you know, the Cowboys have not gone to the playoffs in several years, the owner said. Hunt Family In February 1989, Jerry Jones bought the Dallas Cowboys for $140 million. [51], In November 2022, a 1957 photo surfaced depicting a 14-year-old Jerry Jones witnessing an argument where White students attempted to prevent six African-American students from entering North Little Rock High School in Arkansas. which is a huge increase from the beginning of 2023 when he had a net worth of 137 billion dollars. [25], In an online poll from October 8, 2003, Jones was named the least-favorite sports personality by Sports Illustrated, in three states (Virginia, Delaware, and Texas). Bezos has the massive wealth needed to buy the team on his own, and then build the state of the . He is the son of Arminta Jones and J.W. The team is currently valued at $8 billion. 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. 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. Overall, though, its difficult to see Belichicks squad coming out on top against the Buffalo Bills, Cleveland Browns, Kansas City Chiefs, or Baltimore Ravens based on the talent disparity. What he does have, though, is a collection of Lombardi Trophies. 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. To win big, you have to play the big hand. section: | slug: jerry-jones-bought-cowboys-for-140-million-now-worth-23-billion | sport: football | route: article_single.us | Jerry was always well liked by everyone," Gene says. A former footballer himself, he played with the University of Arkansas. You are going to be famous. The defense may not be elite, but it certainly has a few exciting pieces. 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