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. [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. Per Forbes' real time net worth tracker, Jerry Jones' net worth is $10.4 billion (7.6 billion) as of 21 September, 2021. He kept his oil career going in 2018, becoming the controlling shareholder in Comstock Resources, an oil and gas company in Texas. 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. GOBankingRates. Majority owner: Jerry Jones, 72. "I think a lot of people had this view of Jerry being a guy that's coldblooded and didn't respect Tom, and it was just the opposite. First, Jones bought the Cowboys in 1989 for $140 million. Also, the value of an NFL franchise is bound to change depending on the popularity and performance of the team. By instinct, they were also risk-takers. Jerry Jones Brand deals and Endorsements (Image via AS USA) [3] Jones was a running back at North Little Rock High School, graduating in 1960. Sally Jenkins. Her father, Jerry Jones has a net worth of $6.8 Billion. In February 1989, Jerry Jones bought the Dallas Cowboys for $140 million. 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. 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. People may receive compensation for some links to products and services on this website. "Even after all those years of being together, Jerry boggled my mind through that stretch. And when you consider what it took for the Patriots to become a dynasty, Kraft deserves tremendous credit for doing something Jones has not: finding a way to sustain success. 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). The main source of wealth is the increased value of his Dallas Cowboys team. [40] He reappears in the season 21 episode "Moss Piglets. 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. As you know, the Cowboys have not gone to the playoffs in several years, the owner said. At the same time, he's so human in that he wants to be liked. Goodell did not disclose the specific amount of Jones' fine in the memo.[37]. The team is currently valued at $8 billion. 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. 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. By David Maraniss. On the other hand, New England has a promising first-year quarterback, a few solid role players, and a whole bunch of question marks. 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. 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. What he does have, though, is a collection of Lombardi Trophies. As a result, he has been an influential figure for not just said NFL team but also the NFL as a whole. The calls for Santos expulsion are an escalation of GOP calls for his resignation over a ballooning lying scandal. Jones' and Johnson's relationship began to fall apart in 1993 over a power struggle. 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. What position of need would you like to see the team fill in free agency in order to help make sure of that? To win big, you have to play the big hand. [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. Jerry Jones has owned the Dallas Cowboys for 25 years. He has earned so much wealth by doing a lot of hard with full patience and dedication towards his work. In the 1992-93 season, the Cowboys defeated the Buffalo Bills in Super Bowl XXVII. It was because of him and what he accomplished and the way he accomplished it that I wanted to buy the Cowboys," Jones says. [2] His parents owned two branches of Pat's Super Market in the Rose City neighborhood of North Little Rock. [32], Jones is the subject of the 2008 book Playing to Win by David Magee. Jones purchased the Dallas Cowboys in 1989 for $140 million. But with the way things are trending in Foxborough, Bill Belichicks boss should be concerned about what lies ahead. Jones was the inspiration for the character Baxter Cain (Robert Vaughn), owner of the Dallas Felons, in the 1998 film BASEketball. Owner of Dallas Cowboys, former footballer, owner of Jones Oil and Land Lease, The Gene and Jerry Jones Family Arlington Youth Foundation, 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). Diving into the net worth of Cowboys' owner Jerry Jones as the Dallas Cowboys battle the Las Vegas Raiders on Thanksgiving day. I should point out, at the time, I couldn't have financially done it anyhow.". 1 overall pick. Jones also became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. Built in 2018, it is the length of a football field and its end zones. "My parents were going to be empty-nesters and enjoy travel. 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 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. Really, almost immediately Jerry became Public Enemy No. And on some level, he seems OK with that. Jones has built the Cowboys into the most valuable sports franchises in the world, and guided them to three Super Bowl titles since 1989. Follow us on Twitter@sportscasting19. We welcome all corrections and feedback using the button below. He tried to start several businesses in the late 60s. 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. 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 . The original petition was filed on Sept. 14, 2020, against Jones and the Cowboys by an anonymous woman using the pseudonym Jane Doe. The deal came together pretty quickly after that and on Feb. 23, 1989, Dixon and Jones finalized the numbers with Bright in Dallas. 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 . The net worth of Jerry is estimated at around or more than $10 Billion as of 2023. Submit a correction suggestion and help us fix it! But there's also underlying value. To this day, Johnson is not included in the Dallas Cowboys "Ring of Honor." This thing is too visible. All Rights Reserved. His finances, mostly through the sale of Arkoma, had changed dramatically. 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. Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. 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. In 2008, Jones created Legends Hospitality as a partnership with Yankee Global Enterprises. Here are some of Jones' assets: Jones' Dallas Cowboys have been on the top of Forbes' list of most valuable NFL teams since 2018. Jerry Jones Net Worth. Jones jumped into the workforce at age 9 as a customer greeter at his parent's grocery store, named Pat's Supermarket. That experiment failed and Jones went to work at Modern Security Life of Springfield, his father's insurance agency. ", 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. He said, "I don't know if you ever want to do anything else with your life. Although the Cowboys havent experienced much playoff success since, they remain the most valuable franchise in the NFL. He was also the. Once new ownership, familial (see Lions and Raiders, for example) or otherwise, is established, we reset the counter. 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. [38], Jones also appears in a 2013 Pepsi commercial, walking into an elevator filled with three men wearing New York Giants apparel, who look at him with discontent. 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). "Everyone forgets what was going on in 1989. As of December 2019, Jones' net worth is reported by Forbes to be $8.5 billion . The Cowboys face lots of questions about their roster before Week 1 of the 2023 NFL season arrives. The NFL team is valued by Forbes at $5.7 billion, making it the most valuable sports team. Initially, he started his own oil and gas exploration business, Jones Oil and Land Lease, but later his love for the game led him to purchase the Cowboys whom he's been with since 1989, and guided them all these years, making them one of the most valued sports franchises in the world. The value of the team is now around $5.7 billion, making it one of the richest teams in any team sports. The defense may not be elite, but it certainly has a few exciting pieces. He was going to make them profitable. Eventually, he went back to Arkansas to get his Master's degree in Business and graduated in 1970. [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. Put another way: Winning, it turns out, isn't everything. Blue Star wants to create a 400,000 square foot merchandising distribution and sales centerfor the Cowboys on part of the property. It was the first time I heard an owner talk about where the league was going. Jones still invests in drilling opportunities as well as retail and residential real estate projects in Dallas, and in hospitality management and Papa John's franchises. hobnobbed with rapper Post Malone and MMA boxer Conor McGregor. ", "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. Likewise, the team, Dallas Cowboy is worth $4.8 billion. Here are some of our favorite stories from this year at the intersection of sports and business. Theses are the Book Of Boba Fett episodes you need to watch before The Mandalorian Season 3. Jerry Jones doesn't like to waste time. He is considered to be one of the richest NFL Team owners. So, how did Jerry Jones make his money? There were death threats, both by mail and over the phone. He somehow moved past it all and stayed positive. [30], Jones is one of two owners in the league (the other being Cincinnati's Mike Brown) who have either the title or powers of general manager. Follow. Just think about that a minute. Learn about Jerry Jones's age, height, weight, dating, wife, girlfriend & kids. That wasn't the case in the fall of 1988 when word came the Cowboys were once again on the block. Forbes has estimated. Curated by. He used all his profits from those businesses to purchase the Dallas Cowboys for $150 million, and success was his demand. Please logout and login again. 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. A former football player himself, Jones played for the University of Arkansas. During Jones' ownership, the Cowboys' value has appreciated from $140 million to about $5.5 billion, making Jones a multi-billionaire in the process. It was time to relax. The Cowboys is currently valued at $5 billion. Luckily for Jerry Jones, the Cowboys have a real shot at representing the NFC in Super Bowl 56. He purchased the Cowboys in 1989 and built it into the world's most valuable sports team In May 2021, Forbes named the Cowboys the world's most valuable sports team, worth $5.7 billion after. 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