He is considered to be one of the richest NFL Team owners. If there was a singular belief of the Jones family, one which was instilled in Jerry more so than any other, it was this: There is no dream too big. That experiment failed and Jones went to work at Modern Security Life of Springfield, his father's insurance agency. According to Forbes.com, the franchise is currently worth $2.3 billion, $500 million more than any other NFL team (the Patriots are. Profile summary Full name: Jerral Wayne Jones Popularly known as: Jerry Jones Gender: Male Date of birth: 13th of October 1942 Apart from owning the Dallas Cowboys, Jerry Jones made his first million in oil investments in the 1970s. He is the son of Arminta Jones and J.W. Id do anything known to man to get to a Super Bowl, he said at a news conference in Jul. Back in April, during a conference announcing that AT&T Stadium would host the 50th annual Academy of Country Music Awards in April 2015, Jones had this to say about the Cowboys' incredible popularity despite, you know, all the mediocrity. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. There is no majority owner. 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. 2. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. Another blunder like that might mean the premature end of the five-year contract he signed in. Thats a fact., Latest National Football League (NFL) News and Updates. The magazine called Jones a wildcatter, someone who drills oils wells on land not known for being an oil field. Bezos has the massive wealth needed to buy the team on his own, and then build the state of the . He could have gone dead-dog broke on this.". 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. 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. Donald Trumps real net worth? For Jerry Jones, the price of admission into the NFL came out to $140 million. Think mega-rich. In 2013, Jones narrated a documentary film on former teammate and business partner Jim Lindsey. Jerry was explaining to me how he was going to use this internet to grow the brand of the Dallas Cowboys. Learn about Jerry Jones's age, height, weight, dating, wife, girlfriend & kids. Jones says. The Cowboys won Super Bowl XXVII in the 1992 season,[18] as well as Super Bowl XXVIII the following year in the 1993 season. As of 2022, hes the 2nd richest NFL owner after Panthers David Tepper. Jerry Jone's Wife | Net Worth. At least, not where it really matters in the pro football world. After graduating college in 1965, Jerry Jones opened up a host of Shakey's. I didn't do this for that. He is now worth $14.8 billion, a 63% increase since last year, according to Forbes estimates. In 2008, Jones created Legends Hospitality as a partnership with Yankee Global Enterprises. [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. 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 . With Jones at the helm, the Cowboys earned victories in Super Bowls XXVII, XXVIII and XXX. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. 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). He was laughed at for the former, but not the latter. As they stood there, the bar jam-packed with people, Dixon said, "You realize that this is the last time you're ever going to be able to walk in a bar and no one knows you. [citation needed], Jones became involved in the St. Louis Rams move back to Los Angeles with Stan Kroenke in 2016. However, even though Jones boasts a net worth in excess of $10 billion and has Americas Team as part of his financial portfolio, he still falls short where it really matters to one of his peers with a little less spending power. The Cowboys owner currently holds a net worth of $13.5 billion as per Forbes. 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. ", 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. Blue Star wants to create a 400,000 square foot merchandising distribution and sales centerfor the Cowboys on part of the property. Jerry Jones bought the Dallas Cowboys for $140 million in 1989, they are now worth over $6.5 billion. As the Cowboys focus on improving the team in 2023, they do so by accepting the harsh reality that Stephen Jones admits, the Cowboys were successful in 2022, but not "good enough.". Jones is the subject of the 2008 book Playing to Win by David Magee. 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. Jones and Johnson turned the team around quickly and the next season the team went 7-9. Cork Gaines. He purchased the Dallas Cowboys franchise 31 years back for $60 million. "Part of the team had been auctioned and bought by the government. He spent the next two decades making money and plotting his return to football. 2009 Opens new Cowboys venue, AT&T Stadium, in Arlington, Texas. He made his first million in oil investments in the 1970s. His most valuable asset, of course, is the Dallas Cowboys franchise. 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. It was life changing. The browser you are using is no longer supported on this site. Eventually, he went back to Arkansas to get his Master's degree in Business and graduated in 1970. Jones also stated: "I don't know that I or anybody anticipated or had a background of knowing what was involved. In the 1992-93 season, the Cowboys defeated the Buffalo Bills in Super Bowl XXVII. When Jerry Jones purchased the Cowboys, they . There was no contact for six weeks or so, and then after the Cowboys finished the season at 3-13, Bright reached out and dropped the asking price to $140 million $65 million for the team and $75 million for Texas Stadium. Obviously, though, parting ways with a few picks turned out to be an absolute steal. According to Forbes, Dallas Cowboys owner Jerry Jones, No. 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. All this is old hat now, but no one was talking about it in 1989. Not only that but he is also one of the billionaires of America like Preston Bezos. Jerry Jones has been the owner, president and general manager of the Dallas Cowboys of the NFL since 1989. After conflicts arose between Johnson and owner Jerry Jones, Jimmy agreed to leave in 1994 with a $2 million bonus. Permanently housed at the Lincoln Center for the Performing Arts, Tatiana is Chef Kwame Onwuachis new restaurant dedicated to telling Afro-Caribbean stories through food. Still, this was the Cowboys. Goodell did not disclose the specific amount of Jones' fine in the memo.[37]. Oh, and overnight Jones became the most hated man in Dallas, if not the sports world. The NFL team is valued by Forbes at $5.7bn, making it the most valuable sports team in the. All Rights Reserved. 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. He kept his oil career going in 2018, becoming the controlling shareholder in Comstock Resources, an oil and gas company in Texas. The Cowboys owner currently holds a net worth of $13.5 billion as per Forbes. [24], The 2020 NFL season was Jones' 32nd as Cowboys owner, more than the combined tenures of his predecessors. "He bought the franchise in 1989 for $150 million and has since added a number of big-ticket . Despite the almost constant negative press, despite people shouting insults and cursing at him in public, really on a daily basis, Jones and Johnson went to work, one on the business end, the other football. [33] Jones was also a key proponent of the Oakland Raiders' move to Las Vegas to play at Allegiant Stadium. By David Maraniss. But the team isn't all he owns. Now, what causes that? What causes that is creating some aura, creating some excitement. [7] A few months later, he fired longtime general manager Tex Schramm, and assumed complete control over football matters. The main source of wealth is the increased value of his Dallas Cowboys team. Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. Jerry Jones megayacht is worth $250 million. The team is currently worth $6.5 billion, and Jones fortune comes in at $5.6 billion. The woman is the daughter of a former airline employee that Jones met in Little Rock, Arkansas. He has earned so much wealth by doing a lot of hard with full patience and dedication towards his work. Built in 2018, it is the length of a football field and its end zones. After all, dont forget the Patriots didnt just hire Belichick. 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. Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. 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. He used all his profits from those businesses to purchase the Dallas Cowboys for $150 million, and success was his demand. They had borrowed huge amounts of money from Mr. [Harvey 'Bum'] Bright's banks," Jones says. I should point out, at the time, I couldn't have financially done it anyhow.". pic.twitter.com/qXyO5MAf3p A former football player himself, Jones played for the University of Arkansas. It didn't matter that it was six in the morning. 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. 2023 Forbes Media LLC. And while Jones, 71, doesn't have plans to step down any time soon, when he does, the team will remain in the family; son Stephen Jones currently serves as Chief Operating Officer, Executive Vice President and Director of Player Personnel, daughter Charlotte Anderson is also an Executive Vice President, and Jerry Jones Jr. is the chief sales and marketing officer. Jerry Jones (American Businessman, President and General Manager of the 'Dallas Cowboys Team' of the NFL) Jerry Jones is the man who single-handedly enabled 'Dallas Cowboys' to reclaim their former glory. Just something to keep in mind as you peruse the graphic below. That brought Jerry Jones' total investment to $140 million. Jerry Jones's Yacht (Source: Instagram) Jerry is the owner of the NFL team Dallas Cowboys. He also has made several appearances in television films and commercials. He has been the owner of the Cowboys since 1989. Jerry Jones' Net Worth. There are legions of stories about 4 a.m. phone calls, the person on the other end of the line not entirely sure if Jones was just waking up or hadn't gone to sleep yet. 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 . Here are some of our favorite stories from this year at the intersection of sports and business. 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. Jones has built the Cowboys into the most valuable sports franchises in the world, and guided them to three Super Bowl titles since 1989. As per Bloomberg, Jerry Jones Net Worth in 2023 is estimated to be around $13.5 billion. There were many nights Jones slept in his office at Valley Ranch. "Jerry called me in October, said he was thinking of buying the Cowboys and let's take a look at the books. [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. The last time Jones played golf a lifetime ago, his kids didn't even know he had ever played he closed a business deal on the first green, shook hands and promptly walked off the course, leaving his clubs in the cart. 6-keys: media/spln/nfl/reg/free/stories, at He was also the founder and owner of Jones Oil and Land Lease, which searches for natural resources of oil and gas in Arkansas. 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. 7, apparently saw the biggest gain this year. The Dallas Cowboys has a value of $8 billion. We welcome all corrections and feedback using the button below. He also fired general manager Tex Schramm and took over complete control of football matters himself. Spygate, Deflategate, and the Aaron Hernandez saga all brought negative attention to the Patriots. GOBankingRates. Jerry Jones and his wife own an enormous home in the Highland Park area of Dallas, worth around $20 million. 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. [21] During Jones' tenure, the Cowboys have appreciated in value to an estimated $5.5 billion, turning its owner into a billionaire in the process. As a result, he has been an influential figure for not just said NFL team but also the NFL as a whole. Everyone else went up to a room. The Cowboys owner made his first million through oil investments in the 1970s, Forbes reports. Besides his ownership of the Dallas Cowboys. They also have nine grandchildren. His most valuable holding is the Dallas Cowboys, which. Jones purchased the Dallas Cowboys in 1989 for $140 million. He was going to make them profitable. Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. Just think about that a minute. 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. "The toughest moment we've had through these years of owning the Cowboys is the Tom Landry situation," says Stephen Jones. 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