Since the dismissal, Jones indicated that he regrets the process of Landry's firing and his role in it. To win big, you have to play the big hand. Most of Jerry Jones' net worth is from the $4.2 billion assessment of the value of the Dallas Cowboys, but he has several other financial interests as well. And its safe to say his investment has more than paid off. Jones. Jerry Jones has been the owner of the Dallas Cowboy since 1989. Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. 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. What he does have, though, is a collection of Lombardi Trophies. "[53] Jones has expressed regret in not doing more to help the Black students feel more accepted at Little Rock.[54]. 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. The following year they defeated the Bills again to win Super Bowl XXVIII. On the other hand, his father, Jerry Jones' net worth is around $11 billion as of 2023 which he earned by owning the Dallas Cowboys. 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. [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 is now worth $14.8 billion, a 63% increase since last year, according to Forbes estimates. This guy was so far beyond what anyone else was thinking at the time. His most valuable single holding is the Dallas Cowboys NFL team, which he bought in 1989 for $150m (110 million). Jerry Jones bought the Dallas Cowboys on February 29, 1989, for $140 million. Jerry Birth date: October 13, 1942 Age: 80 Zodiac Sign: Libra Height: 6' 4" Relationship Status: Married Net Worth: $11.7 billion Jerral's Social Media: Background Jerral Wayne Jones, A.K.A. He tried to start several businesses in the late 60s. He owns paintings by Matisse, Renoir, and Picasso. [6] He was co-captain of Arkansas' 1964 national championship football team. Hunt Family Jones and Johnson turned the team around quickly and the next season the team went 7-9. A former football player himself, Jones played for the University of Arkansas. 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. Built in 2018, it is the length of a football field and its end zones. In 2008, Jones created Legends Hospitality as a partnership with Yankee Global Enterprises. The value of the team is now around $5.7 billion, making it one of the richest teams in any team sports. The calls for Santos expulsion are an escalation of GOP calls for his resignation over a ballooning lying scandal. His most valuable holding is the Dallas Cowboys, which. Their son, Stephen, graduated from the University of Arkansas and holds the position of COO, executive vice president, and director of player personnel for the Dallas Cowboys. Meanwhile, the Patriots won six Super Bowl titles between 2001-18 while dominating their division and making going to the AFC Championship a near-annual trip. GOBankingRates. He attended North Little Rock High School followed by the University of Arkansas on a football scholarship. Has everything gone right for Kraft during his tenure? He spent the next two decades making money and plotting his return to football. He was sleeping an hour here and there, and was soon diagnosed with sleep arrhythmia. Until the Patriots start hitting on their draft picks and prove they can score points on a consistent basis, they will continue to look up in the AFC East standings. Jones is also the head of his real estate and investment company ( Blue Star Land ). He was on his way to reshaping the NFL.". But who exactly are. 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. Second, despite being known as "America's Team," the Cowboys have done little in recent years to earn the nickname. [20], At the time of the sale, the financially troubled Bright claimed to be losing $1 million per month on the franchise. One advisor told Jones that he would likely be losing $25 million a year by 1992. Jerry Jones's Yacht (Source: Instagram) Jerry is the owner of the NFL team Dallas Cowboys. Jerry Jones is an American CEO, entrepreneur, and owner of the NFL's Dallas Cowboys. Storytelling On The Plate: Kwame Onwuachi's Afro-Caribbean Journey To Lincoln Center, Will Santos Be Expelled From Congress? The gains. 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 . It was about really rich men who liked having a football team and could afford to lose a few million each year. The first season under Jones' ownership, the Cowboys finished 1-15. 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 . As of 2023, Jerry Jones had a net worth of $8.5 billion, the majority of which comes from his ownership stake in the Dallas Cowboys. 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. 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. With Jones at the helm, the Cowboys earned victories in Super Bowls XXVII, XXVIII and XXX. He received his master's degree in business in 1970. 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. His vision extends far beyond success on the football field. Jerral Wayne Jones (born October 13, 1942)[1] is an American businessman who has been the owner, president, and general manager of the Dallas Cowboys of the National Football League (NFL) since February 1989. He was laughed at for the former, but not the latter. Football (U.S.) NFL; Sports Industry; Sports; Money; Continue to read 5 stories in this Storyboard. The NFL team is valued by Forbes at $5.7 billion, making it the most valuable sports team. Why is Jerry Jones so rich? He was also the. The money, I don't get a kick out of thinking about my bank accounts or like Scrooge looking at his stacks of money. Obviously, though, parting ways with a few picks turned out to be an absolute steal. The Jones family has pledged to donate $16.5 million to organizations supporting Arlington youth for over 33 years now. 2023 Forbes Media LLC. While in college, he met his wife Gene, a one time a beauty pageant winner. [29] There was particular criticism of Jones over his conflict with head coach Jimmy Johnson, as Jones "wanted Cowboys fans to know he had helped build those Super Bowl-winning teams", while "Johnson insisted that he made all of the personnel moves" because he had the final say in football matters and refused to relinquish this power. 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. "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. . He and his family were set, for generations really. Just something to keep in mind as you peruse the graphic below. [2] His parents owned two branches of Pat's Super Market in the Rose City neighborhood of North Little Rock. World-renowned streamer Tyler "Ninja" Blevins and Jerry Jones are teaming up through the . The deal came together pretty quickly after that and on Feb. 23, 1989, Dixon and Jones finalized the numbers with Bright in Dallas. The company, which an advertisement billed as a "one in a million" company, saw its assets increase from $440,299.76 in its first statement in 1961 to $6,230,607 in 1965. 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). 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. He fired Tom Landry, God's coach, a beloved figure, and held an admittedly bizarre, off-the-cuff press conference for which he wasn't prepared in the least. Jones "crossed the line", drawing a "six-figure" fine, sources said, as the commissioner distributed a memo to all 32 owners, along with a reminder that the gag order remains in effect. 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. I do think my mom was hoping he was going to relax, become a little more laid back.". The team is currently worth $5.5 billion (4 billion). LikeSportscastingon Facebook. Jerry bought the Dallas Cowboys from H.R. $6.5 billion. [24], The 2020 NFL season was Jones' 32nd as Cowboys owner, more than the combined tenures of his predecessors. Her father, Jerry Jones has a net worth of $6.8 Billion. "You hear folks say, 'Jerry is all about the money.' This was denounced by football fans and media as lacking class and respect, as pride and tradition were part of the Cowboys, where great performance and loyal service were expected to be rewarded. Jones' and Johnson's relationship began to fall apart in 1993 over a power struggle. "My parents were going to be empty-nesters and enjoy travel. "There had never been anyone on the sidelines second-guessing his personal and business decisions in the past. 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. In 2013, Jones narrated a documentary film on former teammate and business partner Jim Lindsey. Jerry Jones is the general manager and owner of the Dallas Cowboys which is one of the most valued franchises in the sporting world. Jerral Wayne Jones was born on October 13, 1942 (age 79 years) in Los Angeles, California, United States. Jerry got it, he saw what the league could be financially. He also has made several appearances in television films and commercials. And none of that would have occurred without Kraft. Jerry Jones has owned the Dallas Cowboys for 25 years. Jerry Jones' yacht is worth a whopping $250 million. 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 . After a 2018 deal, Jones became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. In fact, to prevent a majority ownership situation, the number of shares an individual can purchase is limited. Jerry Jones, who's headed to the Pro Football Hall of Fame, put in $118 million to buy the Dallas Cowboys in 1989, and the franchise is now worth $4.2 billion. [47] Jerry Jones Jr. is the Cowboys' chief sales and marketing officer/vice president. Jerry Jones and his wife own an enormous home in the Highland Park area of Dallas, worth around $20 million. Bloomberg reports Jones also has investments in real estate, hospitality management, and Papa Johns franchises. 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