I didn't want to fire him. "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. 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. 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. [33] Jones was also a key proponent of the Oakland Raiders' move to Las Vegas to play at Allegiant Stadium. By instinct, they were also risk-takers. Not only that but he is also one of the billionaires of America like Preston Bezos. [3] Jones was a running back at North Little Rock High School, graduating in 1960. My dad always has to have a challenge, and really, he can't sit still. Still, this was the Cowboys. In 2013, Jones narrated a documentary film on former teammate and business partner Jim Lindsey. 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. What he does have, though, is a collection of Lombardi Trophies. Speaking from the combine, Jones reiterated his belief that Prescott can bring the Cowboys a Super Bowl, but he admits the team needs to have a clear strategy for dealing with the $49.2 million he . they remain the most valuable franchise in the NFL. He made his first million in oil investments in the 1970s. That was the hardest thing for me, just that we got off to such a tough start because of the Tom Landry situation.". 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. 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. Representing Aikman in the negotiations was super-agent Leigh Steinberg, who the movie character of Jerry Maguire was later based. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. The following year they defeated the Bills again to win Super Bowl XXVIII. Legends is a food, beverage, merchandise, retail and stadium operations companyserving entertainment venues such as Cowboys Stadium. 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. In 2018, the company paid $38 million for a 200-acre site to be developed into a development called Star Business Park. Just something to keep in mind as you peruse the graphic below. As of 2022, hes the 2nd richest NFL owner after Panthers David Tepper. [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. 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. According to Forbes, there are only three owners in the NFL who are worth more. You may not. 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. Here's an illustrated timeline of his tenure in Dallas", "Cowboys' Jerry Jones opens up to News about trying to end Super Bowl drought, Tony Romo, Dak Prescott and possible HoF election", "NFL took in $13 billion in revenue last season see how it stacks up against other pro sports leagues", Sports Illustrated features state of Virginia in series of 50 state-specific weekly sections, Ex-Cowboys Owner Bright Almost Fired Landry in '87, "Jerry Jones built a Hall of Fame legacy for knowing how to 'stir it up a little bit', "Why Jerry Jones' argument for keeping GM role no longer holds water", "Jerry Jones can't buy what he really wants", "Dallas Cowboys owner Jerry Jones explains why he is also the team president and GM", "Report: Still an NFL power broker, Cowboys' Jerry Jones helps Rams earn Los Angeles move", "How Cowboys owner Jerry Jones got this Vegas Raiders deal done", "NFL fines Cowboys' Jerry Jones $100,000 for CBA remarks", "Pepsi and the NFL get fans pumped for football all season long", "Cowboys GM Jerry Jones named NFL Executive of the Year by PFWA", "Pro Football Hall of Fame's Class of 2017 - Pro Football Hall of Fame Official Site", "Jerry Jones to Receive Distinguished Texan Award > National Football Foundation > NewsDetail", "Golden Plate Awardees of the American Academy of Achievement", "Jerry Jones Honored With Horatio Alger Award", "Charlotte Jones Anderson official Dallas Cowboys bio", "Guess Which Celebrities Vacation in Destin, Florida? At least, not where it really matters in the pro football world. 2004-2023 CBS Interactive. 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. Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. He's so competitive. World-renowned streamer Tyler "Ninja" Blevins and Jerry Jones are teaming up through the . He still invests in drilling opportunities as well as retail and residential real estate projects in Dallas, in hospitality management and Papa John's franchises. [12], On February 25, 1989, Jones purchased the Cowboys from H. R. "Bum" Bright for $140 million (equivalent to $292.5 million in 2020). He's not happy unless he's pleasing everyone. He has also endorsed a couple of coaches for his team. Jerry Jones isnt the most wealthy owner in the NFL, but hes undoubtedly the most recognizable and arguably the most powerful. "After a month of researching it all, I told Jerry point-blank this was ridiculously overpriced and buying the Cowboys would be financial suicide. 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 NFL team is valued by Forbes at $5.7 billion, making it the most valuable sports team. In the book, Jones admitted he handled the firing of Landry poorly and accepted some blame for the disintegration of his relationship with Landry's successor, Jimmy Johnson. About Jerry Jones Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. Built in 2018, it is the length of a football field and its end zones. Luckily for Jerry Jones, the Cowboys have a real shot at representing the NFC in Super Bowl 56. 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.". We've included them jointly above and used their average age, 62. The main source of wealth is the increased value of his Dallas Cowboys team. [52] Despite the school's head football coach ordering the team (which Jones was a part of) to stay away from such scenes, Jones said he was there as a curious bystander. . Jerry Jones, Robert Kraft and 23 More Of The Richest NFL Team Owners . 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. He had to generate revenue, pay debt, and change the thought process among his fellow owners. pic.twitter.com/qXyO5MAf3p To win big, you have to play the big hand. I wanted to be in football, but I wanted to collect the resources that I could. Jones isnt just a businessman with a football team, like so many of his fellow NFL ownershes also a former football player. 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. [20], At the time of the sale, the financially troubled Bright claimed to be losing $1 million per month on the franchise. This was Jones' first fine by the NFL. [8], Jones is one of a very small number of NFL owners who had a significant level of success as a football player.[9]. 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. I should point out, at the time, I couldn't have financially done it anyhow.". $6.5 billion. Jerry Jr. is the chief sales and marketing officer, as well as vice president of the Cowboys. He still invests in drilling opportunities as well as retail and residential real estate projects in Dallas. Hunt Family Jerry Jones: Net Worth: $14 billion: Source of Wealth: Dallas Cowboys NFL team: Born: October 13, 1942 . I was sitting right where they were sitting, and I can remember it better than I can remember last month. Eventually, he went back to Arkansas to get his Master's degree in Business and graduated in 1970. Jerry Jones's Yacht (Source: Instagram) Jerry is the owner of the NFL team Dallas Cowboys. 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. Even after you adjust for inflation, and the price becomes roughly $300 million, Jones has gotten an incredible return on his. Follow. Jones said: "Disloyalty I couldn't handle the disloyalty.". But if he is not . which is a huge increase from the beginning of 2023 when he had a net worth of 137 billion dollars. Besides his stake in the Dallas Cowboys, Jerry Jones' Jones Oil and Land Lease, as well as his stint as the vice president of Modern Security Life Insurance Co . $2.5 billion, according to our most recent tally. 1992 Cowboys win first of three Super Bowls under Jones. 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). See . 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. The move to Fox significantly increased television revenues and ultimately turned the NFL into the world's richest sports league with revenues of more than $10 billion each season. Here are some of Jones' assets: In 1971, after selling the insurance company, the couple carved out 400 acres of their ranch to start Buena Vista Animal Paradise, where tourists could visit exotic animals (now Wild Animal Safari in Strafford, Missouri, just south of Interstate 44). He started quite a . It would have been inconceivable to me to think that someday I might be standing here in Dallas owning the Dallas Cowboys. Over the last decade, the Cowboys value increased over 220% from $1.50 billion to $4.80 . But there's also underlying value. Jones launched Jones Oil and Land Lease, a privately held company that does natural resource prospecting. The Cowboys owner made his first million through oil investments in the 1970s, Forbes reports. Jones made comments both to the press and on his radio show, saying Hochuli was one of the most criticized officials in the NFL. The calls for Santos expulsion are an escalation of GOP calls for his resignation over a ballooning lying scandal. 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. "At that point, I really only wanted to buy the Cowboys, so I thought that dream was done. He has seen many ups and downs in his career, but he didn't stop and continued his work. Jerry Jones has a net worth of $11 billion. 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. Jerry Jone's Wife | Net Worth. North Little Rock was beginning to integrate in 1957. The magazine credited him for building modern facilitiesincluding AT&T Field, the teams corporate headquarters, and its practice facilityand for arranging merchandising business and a licensing arrangement with the NFL. A former footballer himself, he played with the University of Arkansas. "Jerry does have a huge heart and he wanted to do things the right way. Jerry Jones is known to invest heavily in oil ventures. At Arkansas, Jones' teammate was Jimmy Johnson, whom Jones would later hire as his first head coach after he purchased the Cowboys. Reflects change since 5 pm ET of prior trading day. The net worth of Jerry is estimated at around or more than $10 Billion as of 2023. Jerry Jones is an American entrepreneur and businessman who has achieved inspirational wealth and status. Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. 6-keys: media/spln/nfl/reg/free/stories, at Related by education: University of Arkansas. The commitment to winning has continued, as the Cowboys advanced to the postseason in 2016, 2018 and 2021, giving the team 16 postseason appearances in the Jones era. ", Jones is married and has three children. Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. 2023 Celebrity Net Worth / All Rights Reserved. Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. They agreed to part ways on March 28, 1994, after the Cowboys had won their second straight Super Bowl, with Johnson getting a $2 million bonus. That wasn't the case in the fall of 1988 when word came the Cowboys were once again on the block. As of 2022, Jerry Jones' net worth is an estimated $12.4 billion, making him the 3rd wealthiest NFL team owner right now. 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 megayacht is worth $250 million. Jerry Jones stood by him, but there's no question that Cowboys executives and fans expect more. 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 . Nov 11, 2017, 10:52 AM. Here are some of our favorite stories from this year at the intersection of sports and business. He was an offensive lineman for College Football Hall of Fame coach Frank Broyles and a teammate of college football and NFL coach Jimmy Johnson, whom Jones hired as his first head coach after purchasing the Cowboys. Charlotte serves as the Cowboys' executive vice president and chief brand officer. [22] Much of the league's financial success since 1989 has been credited to Jones himself. 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. The Dallas Cowboys has a value of $8 billion. Cowboys crystallize Jones' dream His long-held desire to own an NFL team came true in 1989, when he bought the Cowboys for around $140 million and among his first decisions as owner was to. An avid art collector, Jones' collection includes Norman Rockwell's "Coin Toss" as well as paintings by Picasso, Renoir and Matisse among others. "There had never been anyone on the sidelines second-guessing his personal and business decisions in the past. Jerry Jones has a net worth of $15.8 billion according to Forbes. In one scene, Jones is depicted as having huge, bulging chameleon-like eyes, as a young woman's head pops up from his lap. GOBankingRates. But Jerry wanted to go see Tom and do it in a classy way, and unfortunately, it backfired on him. As per Bloomberg, Jerry Jones Net Worth in 2023 is estimated to be around $13.5 billion. Charlotte Jones Anderson Age, Bio, and Wiki | She is the Executive Vice President and Chief Brand Officer of Dallas Cowboys, a professional football team of NFL. Bloomberg reports Jones also has investments in real estate, hospitality management, and Papa Johns franchises. 79 years. 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Soon after the purchase he fired Tom Landry, the only coach in the team's history, and hired his old Arkansas teammate Jimmy Johnson. Over the past four years, Jones has made more than 300% on oil and gas assets he. Age. Thanks to the terrific trio of Troy Aikman, Michael Irvin, and Emmitt Smith, Dallas won three Super Bowls in a four-year span, which certainly made ownership happy. 2. I just wanted Jimmy Johnson as my head coach.". The Jones family has pledged to donate $16.5 million to organizations supporting Arlington youth for over 33 years now. Despite having a smaller net worth than Jones, New England Patriots owner Robert Kraft possesses plenty of valuable items money cant buy. Height. Jones owns a home in Destin, Florida. Jerry Jones bought the Dallas Cowboys on February 29, 1989, for $140 million. Built in 2018, it is the length of a football field and its end zones. He was all-in. The club has had back-to-back-to-back 8-8 records and haven't made the playoffs under coach Jason Garrett, who took over for Wade Phillips in 2010. 2023 Dallas Cowboys. According to Forbes.com, the franchise is currently worth $2.3 billion, $500 million more than any other NFL team (the Patriots are. Today the team is worth at least $6.5 billion. It breaks down all 32 NFL franchises by owner's age, when ownership was assumed, and the franchise's net worth. Jerry was explaining to me how he was going to use this internet to grow the brand of the Dallas Cowboys. Super-Agent Leigh Steinberg, who the movie character of jerry Maguire was later based Much of the billionaires America! Done it anyhow. `` built in 2018, the Cowboys owner made his first million through oil investments the! Ballooning lying scandal increased value of $ 8 billion Jones family has pledged donate! $ 10 billion as of 2023 pay debt, and unfortunately, it backfired on him billion according... 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N'T sit still 's financial success since 1989 has been credited to Jones himself remain the most powerful had generate...
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