What is Jerry Buss Net Worth?
Jerry Buss Net Worth is US$ 600 Million as of January 2023.
|Net Worth||US$ 600 Million|
|Born||27 January, 1933|
|Died||18 February, 2013 (80 years old)|
|Country of Origin||United States of America|
|Source of Wealth||Business, Investing, Poker|
|Spouse||JoAnn Mueller (d.1972)|
|Children||Jeanie Buss, Jim Buss, Janie Buss, Jesse Buss, Johnny Buss, Joey Buss|
|Famous For||Business, Investing, Chemist, Philanthropist|
Table of Contents
Gerald Hatten Buss was an American researcher, investor, businessman who died on February 18, 2013. He was a major investor in the Los Angeles Lakers of the National Basketball Association (NBA), and won ten association championships. He was also the owner of the Los Angeles Kings (NHL), Los Angeles Sparks (WNBA), and the Los Angeles Lazers (soccer).
He started a career as a chemist for the Bureau of Mines.
He made his first investment, which was $1000 in a West Los Angeles apartment building.
He produced a movie named Black Eye.
Best finishes included third in the World Series of Poker.
He took charge of operating the WNBA league for the Los Angles franchise.
The Lakers won 10th NBA championships under Buss’ ownership.
He took ownership of Sparks when the WNBA was restructured to give its teams individual owners.
He donated US$ 7.5 million to USC’s Department of Chemistry.
Basketball Hall of Fame
Jerry Buss was born on January 27, 1933, in Salt Lake City and brought up in Kemmerer, Wyoming. Due to his effort, Jerry was able to attend the University of Wyoming on a scholarship and completed his Bachler of Science degree in just 2.5 years in 1953. By the time Jerry was 24 years old, he had obtained his MS and Ph.D. in chemistry from the University of Southern California.
Ownership of Sport Teams
In World Group Tennis, Buss became the acquisitor of the Los Angeles Strings. In a deal that also transferred control of the Chrysler Building, he acquired the Los Angeles Lakers of the NBA, the Los Angeles Rulers of the NHL, The Forum, and a sizable farm from Jack Kent Cooke in the year 1979. Afterward, when the WNBA was shaped in 1996, Buss worked that association’s Los Angeles establishment, the Los Angeles Sparks. Ultimately, each of the three groups moved into a more present-day field in midtown Los Angeles, Staples Centre, which started in 1999. The Lakers were exceptionally effective under Buss’ possession, bringing home 10 NBA titles with as many players as Magic Johnson, Kareem Abdul-Jabbar, James Worthy, Kobe Bryant, and Shaquille O’Neal. In the year 2002, when WNBA was rebuilt to bestow its group’s individual proprietors, Buss took responsibility for Sparks. He sold the team Sparks in 2006.
He was a poker player for a long time, yet further down the road was more dynamic in competitive games. His finest completes were third for the 1991 “World Series of Poker” seven-card stud occasion and runner-up in the 2003 ‘World Poker Tour’. He also featured in the GSN series High Stakes Poker and the NBC late-night series ‘Poker After Dark’. Jerry’s friend group included Miguel A. Nunez, Mark Fulton, John Rockwell, and Lance Davis.
This affectionate gathering of companions would frequently offer altruistic sale things to help the reasons for the occasions they joined in. The Dwarfs people were gifted title rings after the Lakers came out on top for championships and were conceded absolute authority admittance to all Laker home games as well as occasions at the Great Western Forum. The Dwarfs people were extraordinary patrons who stood firm on footing as a financial advisor, special assistants, marketing executives, and investment bankers.
In January 2008, he donated US$ 7.5 million to USC’s Department of Chemistry for scholarships for chemistry students. His magnanimity likewise reached out to individuals related to the Lakers. When previous Lakers player Walt Hazzard, then a counsel to the group, experienced a fatal stroke in 1996, Buss kept Hazzard on the finance and let Hazzard’s child know that his dad would stay a Lakers employee.
In 2012, Buss was hospitalized for a long time with an undisclosed intestinal issue. Through his 80th birthday celebration on January 27, 2013, he had not gone to a Lakers game during the 2012-13 season because of health problems. He was suffering from cancer since 2012. He died on 18 February 2013 due to kidney failure.
- 1991 – Third position in the World Series of Poker
- 2003 – Second place in the World Poker Tour
Famous Quotes from Jerry Buss
“When you think New York, you think Yankees.”– Jerry Buss
“To go to USC without a scholarship is next to impossible.”– Jerry Buss
“Anybody who makes an outlandish salary attracts attention.”– Jerry Buss
“I have been on TV quite a few times as a poker player.”– Jerry Buss
“I remember standing in a W.P.A. line with a gunny sack and having to buy chocolate milk instead of white because it was one cent cheaper.”– Jerry Buss
Key Life Lessons from Jerry Buss
- Treat people like family
- Make your brand global
- It’s about how you look doing it
- Live life to its fullest
Frequently Asked Questions
Jack Kent Cooke sold the Lakers to Buss in 1979 in a deal of US$ 67 million.
He established a real-estate company Mariani-Buss Associates and did major investments in Beverly Hills estate and other projects.
Jerry Buss was one of the most influential figures in the sports world. He was an American businessman and investor who owned the Los Angeles Lakers for more than three decades. He was also a real estate investor and entrepreneur, with investments in various businesses, including real estate, sports franchises, restaurants, and movie theaters. Buss was a pioneer in the field of sports ownership and management, as his vision and foresight led to unprecedented success for the Lakers. Jerry Buss Net Worth is US$ 600 Million as of January 2023.