He became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. CBS Sports is a registered trademark of CBS Broadcasting Inc. Commissioner.com is a registered trademark of CBS Interactive Inc. site: media | arena: nfl | pageType: stories | 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. However, there is no guarantee that Robinson is available at 26, the Cowboys may need to trade up before another team snatches him. After a 2018 deal, Jones became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. Follow us on Twitter@sportscasting19. Bill Belichicks Incompetent Handling of Stephon Gilmore May Force Robert Kraft to Finally Take Back Control of His Beloved Patriots. 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. Jerry Jones has a net worth that currently stands at an estimated $8.4 billion, according to Forbes. Diving into the net worth of Cowboys' owner Jerry Jones as the Dallas Cowboys battle the Las Vegas Raiders on Thanksgiving day. In 2014, he was asked why Johnson was not in the Ring of Honor despite his two Super Bowl victories as coach of the Cowboys. He somehow moved past it all and stayed positive. [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. Jerry Jones isnt the most wealthy owner in the NFL, but hes undoubtedly the most recognizable and arguably the most powerful. Jerry Jones megayacht is worth $250 million. According to the most recent estimate by Forbes, hes worth $10.6 billion. In fact, Joness final game as a college football star was the 1965 Cotton Bowl, where he helped the team finish an undefeated season with a win against Nebraska. Stephen serves as the Cowboys' chief operating officer, executive vice president, and director of player personnel. Johnson was replaced by another University of Arkansas alum, Barry Switzer, who won Super Bowl XXX in the 1995 season for Jones and the Cowboys. There would be no more risk-taking. 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. Jerry Jones: Net Worth: $14 billion: Source of Wealth: Dallas Cowboys NFL team: Born: October 13, 1942 . I do think my mom was hoping he was going to relax, become a little more laid back.". As Eugenia's significant other half is a tycoon, Jerry has a net worth of $13.9 billion. Jones also became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. 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. Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. which is a huge increase from the beginning of 2023 when he had a net worth of 137 billion dollars. Offers may be subject to change without notice. Profile summary Full name: Jerral Wayne Jones Popularly known as: Jerry Jones Gender: Male Date of birth: 13th of October 1942 Tepper has so much money that he's worth nearly $4.5 billion more than the second-richest owner, Jerry Jones. How Much is Dallas Cowboys Owner Jerry Jones Net Worth? What causes that is creating some aura, creating some excitement. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. [11] His privately held company currently does natural resource prospecting. Tyler Blevins will join GameSquare, the gaming venture 40%-owned by billionaires Jerry Jones and John Goff, as its chief innovation officer. Jimmy right there at the table. Jerry Jones told Yahoo Finance in September that he wouldn't sell the Dallas Cowboys for $10 billion. When looking at Jerry Jones' tenure as owner of the Dallas Cowboys, the logo on the side of his team's helmet is emblematic of the philosophy he takes towards building a football team. Bum Bright offered to do that for Jerry, and in hindsight, he should've let him before he ever bought the team. Although the Cowboys havent experienced much playoff success since, they remain the most valuable franchise in the NFL. Put another way: Winning, it turns out, isn't everything. Jerry Jones Brand deals and Endorsements (Image via AS USA) 2023 Forbes Media LLC. 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. American billionaire businessman and owner of the Dallas Cowboys, 1964 Arkansas Razorbacks footballFWAA national champions, securing Fox as the NFC's primary broadcaster, "Only known remaining image of the store in which Jerry Jones grew up - Best of Arkansas Sports", "Arminta Jones Obituary - Springfield, MO | News-Leader", "Prominent Alumni - Kappa Sigma Fraternity", "New Cowboys Owner Fires Landry, Hires Jimmy Johnson, "Arkansas Celebrates 1964 National Title Team", Former Razorback Jerry Jones meets with Arkansas players College Football ESPN, "Jerry Jones asked Hoffa's Teamsters for a loan to buy the Chargers in 1966", "Jerry Jones Sports Biography, Photos & Rise to Success", "Dallas Cowboys, New York Yankees form joint concessions venture", "When Jerry Jones bought the Dallas Cowboys they were losing $1 million per month and now it is the most valuable team in the world", "1989 Dallas Cowboys Statistics and Players", "1960 Dallas Cowboys Statistics and Players", "Super Bowl XXVII - Dallas Cowboys vs. Buffalo Bills - January 31st, 1993", "Super Bowl XXVIII - Dallas Cowboys vs. Buffalo Bills - January 30th, 1994", "Super Bowl XXX - Pittsburgh Steelers vs. Dallas Cowboys - January 28th, 1996", "29 years ago yesterday, Jerry Jones bought the Cowboys. The Cowboys have not won a Super Bowl since Super Bowl XXX. [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 sleeping an hour here and there, and was soon diagnosed with sleep arrhythmia. [31] Over Jones' tenure, Cowboys fans have organized a number of grassroots efforts to displace Jones from his position. "Every NFL team was losing money, but here's the thing. To this day, Johnson is not included in the Dallas Cowboys "Ring of Honor." 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. [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. Jones also heads up the real estate development firm Blue Star Land. "At first there were six of us, including Jimmy and Stephen, but everyone was falling sleep. Photo by Rich Graessle/Icon Sportswire/Newscom. Jerry Jones's Yacht (Source: Instagram) Jerry is the owner of the NFL team Dallas Cowboys. 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. Jerry Jones bought the Dallas Cowboys for $140 million in 1989, they are now worth over $6.5 billion.Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value.He was laughed at for the former, but not the latter. Jerry Jones doesn't like to waste time. Jerry Jones is located in Dallas, Texas. Per Forbes' real time net worth tracker, Jerry Jones' net worth is $10.4 billion (7.6 billion) as of 21 September, 2021. The job comes with equity and a mandate to forge the future of the esports industry. He grew up in Arkansas and played football for the University of Arkansas Razorbacks, as he told members of the team before the 2007 Cotton Bowl in Dallas. He is considered to be one of the richest NFL Team owners. $6.5 billion. Now, the Cowboys are the most valuable asset in his portfolio with. The following browsers are supported: Chrome, Edge (v80 and later), Firefox and Safari. The Cowboys Owner Has a Net Worth of $8.6 Billion Jones had success long before he became the owner of the Cowboys. The magazine called Jones a wildcatter, someone who drills oils wells on land not known for being an oil field. 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. Jerry Jones net worth 2022. Never afraid to speak his mind and always looking for an opportunity to promote his beloved Dallas Cowboys, the 79-year-old has done a masterful job turning the franchise into a money-making machine. I didn't want to fire him. We welcome all corrections and feedback using the button below. One night, he finally ventured out with his wife, Gene, for dinner, and sure enough, an older woman kicked him in the shin and said that was for Tom Landry. Hell, I've spent money as fast as anyone who has ever lived. Height. 7. And there is no restriction on accomplishing those dreams. Charlotte serves as the Cowboys' executive vice president and chief brand officer. Just something to keep in mind as you peruse the graphic below. We want to use that as best we can to make this award show the greatest ever.. Jones. That's not what my career has been about. [19] Johnson then departed and was replaced by Barry Switzer, who won Super Bowl XXX in the 1995 season. Jerry Jones has owned the Dallas Cowboys for 25 years. That's the same as around $300 million today after adjusting for inflation. [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. He purchased the Dallas Cowboys franchise 31 years back for $60 million. So we contacted Solomon Brothers, who was handling the sale, and we went down to Dallas for a week," Dixon says. I wanted to be in football, but I wanted to collect the resources that I could. Check out what's clicking on Foxnews.com. Jones and Deion Sanders appeared together in several television commercials during Sanders' time with the Cowboys. ", The owner also said in the 2012 article that, Im very confident that if I got hit by a truck tomorrow, weve got a great succession plan. [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". All this is old hat now, but no one was talking about it in 1989. Jones says. "He bought the franchise in 1989 for $150 million and has since added a number of big-ticket . Jones' support and role in the negotiations was criticized by some fans and sports media in St. 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. Goodell did not disclose the specific amount of Jones' fine in the memo.[37]. ", Jones is married and has three children. He had a brief cameo appearance as himself in the 1998 made-for-television reunion movie Dallas: War of the Ewings. [33] Jones was also a key proponent of the Oakland Raiders' move to Las Vegas to play at Allegiant Stadium. Jones and the Cowboys became winners very quickly, hoisting Super Bowl titles in 1992 and 1993 but soon after things began to unravel largely due to the spotlight, attention and jealousy. North Little Rock was beginning to integrate in 1957. 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. The team is currently worth $5.5 billion (4 billion). Now, what causes that? [23] Bright had wanted to fire Landry as early as 1987, only to have Schramm tell him that there wasn't a suitable replacement available. Jerry Jones has owned the Dallas Cowboys for 25 years. Jones did not discuss the matter with Landry before announcing the decision. Id do anything known to man to get to a Super Bowl, he said at a news conference in Jul. The browser you are using is no longer supported on this site. 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 purchased the Dallas Cowboys in 1989 for $140 million. 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). "I really couldn't have handled all that much worse and the really sad part of it is I idolized Tom Landry and everything he stood for. ", About a month after the purchase went public, Jerry received a phone call from his father, Pat, who wore many hats for his son: best friend, business mentor, and really, his conscious. Jerry Jones has a net worth of $15.8 billion according to Forbes. Jerry Jones is known to invest heavily in oil ventures. What he does have, though, is a collection of Lombardi Trophies. 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. Blue Star wants to create a 400,000 square foot merchandising distribution and sales centerfor the Cowboys on part of the property. Updated: 7:36 PM CST February 23, 2023. According to Forbes.com, the franchise is currently worth $2.3 billion, $500 million more than any other NFL team (the Patriots are next at $1.8 billion). Football (U.S.) NFL; Sports Industry; Sports; Money; Continue to read 5 stories in this Storyboard. Besides his ownership of the Dallas Cowboys. He was also the. That brought Jerry Jones' total investment to $140 million. The Cowboys owner currently holds a net worth of $13.5 billion as per Forbes. 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. I wanted to say that it may not be the Cowboys, but theres nothing thats out of reach.. This amount keeps fluctuating and could be attributed to his income and investment portfolio. [3] Jones was a running back at North Little Rock High School, graduating in 1960. With an estimated net worth of $8.3 billion, Robert Kraft doesnt have quite the same riches as the Cowboys outspoken owner. He could have gone dead-dog broke on this.". Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. That experiment failed and Jones went to work at Modern Security Life of Springfield, his father's insurance agency. The Cowboys owner has a net worth of around $8.5 billion and took over the franchise in 1989. The value of the team is now around $5.7 billion, making it one of the richest teams in any team sports. He made his fortune as an oil wildcatter in the 1970s. A small part of the collection is based in their Dallas house. [7] A few months later, he fired longtime general manager Tex Schramm, and assumed complete control over football matters. "That was Jerry's greatest challenge. 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"After a month of researching it all, I told Jerry point-blank this was ridiculously overpriced and buying the Cowboys would be financial suicide. How did Jerry Jones make his money before the Cowboys? In this photo, NFL owner Jerry Jones of the Dallas Cowboys stands on the sidelines before the game against the Denver Broncos at Sports Authority Field at Mile High in Denver, Colorado, Sept. 17 . You have to make it work or you're going to be recognized as a failure.". "Jerry does have a huge heart and he wanted to do things the right way. Do not duplicate in any form without permission of the Dallas Cowboys. "Jerry called me in October, said he was thinking of buying the Cowboys and let's take a look at the books. 7, apparently saw the biggest gain this year. There were many nights Jones slept in his office at Valley Ranch. section: | slug: jerry-jones-bought-cowboys-for-140-million-now-worth-23-billion | sport: football | route: article_single.us | [6] He was co-captain of Arkansas' 1964 national championship football team. "The Dallas Cowboys fans are the greatest fans on Earth. According to Forbes, there are only three owners in the NFL who are worth more. 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). Curated by. 1.75m. The yacht has been designed to use 30% less fuel than other yachts of its kind and can accommodate 14 guests and a crew of 30. He spent the next two decades making money and plotting his return to football. Today, Jones' net worth is estimated to be about $8.4 billion. GOBankingRates. 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. After purchasing the Cowboys for roughly the same amount as Dak Prescotts contract, Jones went to work building a brand so he could capitalize off his teams popularity. After his graduation, Jones' parents moved to Springfield, Missouri, where Pat was president and chairman of Modern Security Life Insurance Co. He is now worth $14.8 billion, a 63% increase since last year, according to Forbes estimates. As of December2019[update], Jones' net worth is reported by Forbes to be $8.5 billion, the majority of which can be accounted for as being his ownership stake in the Cowboys who are currently valued by the same publication to be the world's most valuable sports team at $5 billion. He attended North Little Rock High School followed by the University of Arkansas on a football scholarship. He was on his way to reshaping the NFL.". It didn't matter that it was six in the morning. 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. Jerry was explaining to me how he was going to use this internet to grow the brand of the Dallas Cowboys. He had to generate revenue, pay debt, and change the thought process among his fellow owners. Here's what happened along the way. [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. According to the suit, Jones provided Cynthia Davis a $375,000 settlement, $57,000 in other expenses plus . 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. The Gene and Jerry Jones Family Arlington Youth Foundations mission is to enhance the quality of life for youth in the City of Arlington by funding programs and facilities dedicated to football and athletics, health and wellness, education and the arts through complementary grants. [12], On February 25, 1989, Jones purchased the Cowboys from H. R. "Bum" Bright for $140 million (equivalent to $292.5 million in 2020). pic.twitter.com/qXyO5MAf3p Joe Pompliano (@JoePompliano) August 6, 2021 While the Cowboys enjoyed an impressive run in the early 90s, they havent advanced past the Divisional Round since 1995. But there's also underlying value. The Cowboys owner currently holds a net worth of $13.5 billion as per. The Dallas Cowboys has a value of $8 billion. Jerry Jones has been the owner, president and general manager of the Dallas Cowboys of the NFL since 1989. According to thisDallas Morning Newsstory from 2012, in the early 1990s, Jerry Jones transferred limited partnership interests to Stephen, Charlotte and Jerry Jr., giving them what he called serious skin in the game. As you know, the Cowboys have not gone to the playoffs in several years, the owner said. Jerry Jones is a self-made man. Jerry's association with football commenced when he started playing as a 'running back' for his college team. Source of wealth: Oil (Jones Oil and Land Lease) and real estate (Blue Star Land Co.) Net worth: $4.2 billion (Forbes) Residence: Dallas . ** John Mara, 59, and Steve Tisch, 65, each own 50 percent of the Giants. Jerry was always well liked by everyone," Gene says. His most valuable holding is the Dallas Cowboys, which he bought for $150 million in 1989. More NFL offseason: League minicamp dates | Latest news, notes. 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. "Part of the team had been auctioned and bought by the government. Despite having a smaller net worth than Jones, New England Patriots owner Robert Kraft possesses plenty of valuable items money cant buy. Jerry has always been a caffeine junkie, but during those first few years owning the Cowboys, it was coffee all morning and iced tea all afternoon. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. As per Bloomberg, Jerry Jones Net Worth in 2023 is estimated to be around $13.5 billion. It was more a curious thing. Everyone else went up to a room. That wasn't the case in the fall of 1988 when word came the Cowboys were once again on the block. 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. My dad always has to have a challenge, and really, he can't sit still. I wanted them to get in my shoes for a momentthe first day of 1965, he told the Associated Press after talking to the Razorback players for about 10 minutes. In 2018, the company paid $38 million for a 200-acre site to be developed into a development called Star Business Park. Sally Jenkins. Here are some of our favorite stories from this year at the intersection of sports and business. But who exactly are. It is highly recommended that you use the latest versions of a supported browser in order to receive an optimal viewing experience. But if you do, you'll never get the opportunity if you don't make the Cowboys work. 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? Money cant buy titles, but it can help you get a seat at the table in pro sports. [24], The 2020 NFL season was Jones' 32nd as Cowboys owner, more than the combined tenures of his predecessors. It was life changing. Built in 2018, it is the length of a football field and its end zones. "Everyone forgets what was going on in 1989. At 5 a.m., Jerry and I are still talking. 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. In terms of the ultimate dream, well, the NFL kept moving the goal posts on Jones, the price tag of admission only kept growing, more so than Jerry's bank account, at least until 1988. The original petition was filed on Sept. 14, 2020, against Jones and the Cowboys by an anonymous woman using the pseudonym Jane Doe. Just think about that a minute. At Arkansas, Jones' teammate was Jimmy Johnson, whom Jones would later hire as his first head coach after he purchased the Cowboys. Jones also appeared as himself in a 1996 episode of the TV show Coach and in a 2007 television commercial for Diet Pepsi MAX, which also featured then Cowboys head coach Wade Phillips and quarterback Tony Romo. [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. According to Forbes, Jones made his first million as an oil. 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 . Not known for being an oil playoff success since, they remain the most recognizable and the! Word came the Cowboys owner currently holds a net worth of $ 13.5 billion 's insurance.... 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