Owner, president, and general manager of the Dallas Cowboys since February 1989 is American businessman Jerral Wayne Jones. Read on to find out how much Jerry Jones is worth.
Jerry Jones Early Life
Jerry Jones was born in Los Angeles, but his family relocated to Southeast Little Rock, Arkansas, when he was a child. He went to the University of Arkansas & North Little Stone High School on a football scholarship before completing his education at the latter.
In college, he was the all-Southwest Conference offensive tackle and a Kappa Sigma fraternity brother. When Jones bought the Cowboys, he hired Jimmy Johnson as his first head coach, a former Arkansas teammate.
Jerry Jones Career
Shakey’s Pizza was started in 1965 with a $1 million loan from the Teamsters union, which was headed by Jimmy Hoffa at the time.
After that, Jones turned over control of the experiment to Modern Security Life of Springfield, the insurance company his father founded. He held the position of executive vice president for the company.
At various points in his career, he tried to start new businesses. At one point, Jones hoped to use Teamster funds to buy the NFL’s San Diego Chargers.
Master’s degree in Business Administration: He graduated from the University of Arkansas in 1970.
As a result of his work in natural resource exploration, Jones founded Jones Oil and Land Lease. The next two decades were spent accumulating wealth and planning a return to the football field.
Legends Hospitality was founded in 2008 by Jones and Yankee Global Enterprises. Legends, a company that provides food, beverage, merchandise, retail, and stadium operations services, serves Cowboys Stadium.
Jerry Jones Net Worth 2022
Jerry Jones is an American CEO, entrepreneur, & businessman who owns the Dallas Cowboys. According to Forbes, Jerry Jones has a net worth of $11 billion.
Jerry Jones made his first fortune as an executive vice president at Springfield, Missouri’s Modern Security Life. He also founded and owns Jones Oil or Land Lease,
which conducts exploration for oil and gas in Arkansas. In 1989, Jones purchased the Dallas Cowboys from Jerry Jones for a reported $140 million. There is an estimated value of $6.5 billion in the team’s current market.
Ownership Of The Cowboys
Jerry Jones purchased the Dallas Cowboys for $140 million on February 29, 1989. In today’s dollars, that amounts to more than $300 million.
Landry was replaced soon after by Jimmy Johnson—a former teammate of Landry at Arkansas—as the team’s head coach.
In addition to appointing a new general manager, he took over all aspects of football operations on his own.
Jones’ first season as owner of the Cowboys ended in a 1-15 record for the team. When Jones and Johnson took over the reins, the team had an impressive 7-9 record in the following season.
Cowboys went 11-5 in 1991 and advanced to the playoffs, losing in the second round, but still progressing.
In the 1992-93 season, the Dallas Cowboys defeated the Buffalo Bills in Super Bowl XXVII.
In 1993, Jones and Johnson’s relationship began to fall apart due to a power struggle.
He was criticized by Jones after the Cowboys won their second Super Bowl under Johnson in 1994 for implying that any coach could have led the team to victory in that game.
On March 28, 1994, Johnson was given a $2 million bonus for his role in the Cowboys’ second consecutive Super Bowl victory.
Super Bowl XXX-winning quarterback Barry Switzer, a fellow University of Arkansas alum, replaced Johnson in the 1995 season.
Troy Aikman, Emmitt Smith, Michael Irvin, and Larry Brown, who won Super Bowl XXXII, were some of the notable players on the team.
As a result, Johnson was given a significant share of the credit for the team’s third Super Bowl win. The Cowboys haven’t won another Super Bowl since Super Bowl XXX.
The value of the Dallas Cowboys has grown from $140 million to more than $5.5 billion during Jones’ time as owner, making him a multi-billionaire.
Jones is largely responsible for the NFL’s rise to prominence since 1989. At a time when the NFL was being pressured by the Big Three to accept lower television rights fees, he defended the fledgling network Fox at that time.
The NFL has become the richest sports organization in the world since its move to Fox, raking in more than $10 billion per season.
Aside from Cincinnati’s Mike Brown and Seattle’s Jerry Jones, no one else can lay claim to being both GM and owner at the same time.
In David Magee’s 2008 book, Playing to Win, Jones is the subject of much attention. Jimmy Johnson’s friendship with Jones was strained as a result of Landry’s dismissal, according to Jones.
According to the Dallas Cowboys’ “Ring of Honor,” Johnson has yet to be inducted. After winning two Super Bowls with the Dallas Cowboys, he was asked why he wasn’t in the Ring of Honor.
“It’s a crime to be disloyal,” Jones shot back. My heart ached with the pain of the betrayal.”
Jones was inducted into the Pro Football Hall of Fame in 2017.
Jerry Jones Personal Life
He met his future wife Gene, a former Miss Universe contestant, while he was in college. Stephen and Charlotte are the couple’s only children, apart from Jerry Sr. In addition, they have nine great-grandchildren.
As a business administration graduate from Arkansas State University, Stephen was hired by the Dallas Cowboys as their COO, executive vice president, & director of player personnel.
Charlotte, a Stanford alum, is also the vice president and director of the Cowboys’ charitable and special events.
When Jerry Jr., their son, decided to go to law school, he attended both Georgetown University & Southern Methodist University.
Additionally, Jerry Jr. serves as the Cowboys’ vice president of business development and the team’s chief financial officer.
Dallas’ Highland Park neighborhood is home to a sprawling mansion owned by Jerry and his wife, which is valued at $20 million. Another business venture is Blue Star Land, a real estate development company headed by Jones.
The company spent $38 million in 2018 on the purchase of 200 acres of land, which would be transformed into a business park called the Star Business Park.
A further 60 acres have been added to the company’s holdings as of 2019. Blue Star plans to develop a distribution and sales facility for Dallas Cowboys memorabilia on a portion of the property.
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