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. 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. But at 46 years young in 1988, Jerry Jones, the man who doesn't want to waste a single second of the day, was ready to take a few steps back, do some traveling, enjoy his family, and who knows, maybe even take up golf again. [citation needed], Jones became involved in the St. Louis Rams move back to Los Angeles with Stan Kroenke in 2016. [32], Jones is the subject of the 2008 book Playing to Win by David Magee. In February 1989, Jerry Jones bought the Dallas Cowboys for $140 million. Notable members on the team included Johnson holdovers Troy Aikman, Emmitt Smith, Michael Irvin, and Super Bowl XXX MVP Larry Brown. That experiment failed and Jones went to work at Modern Security Life of Springfield, his father's insurance agency. His most valuable single holding is the Dallas Cowboys NFL team, which he bought in 1989 for $150m (110 million). 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. New court filings suggested Fox News hosts repeatedly pushed election fraud claims on-air despite acknowledging privately they knew they were false. [2] His parents owned two branches of Pat's Super Market in the Rose City neighborhood of North Little Rock. On the other hand, New England has a promising first-year quarterback, a few solid role players, and a whole bunch of question marks. That's the same as around $300 million today after adjusting for inflation. "The Dallas Cowboys fans are the greatest fans on Earth. Likewise, the team, Dallas Cowboy is worth $4.8 billion. [33] Jones was also a key proponent of the Oakland Raiders' move to Las Vegas to play at Allegiant Stadium. 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. Jerry was always well liked by everyone," Gene says. [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. Today, Jones' net worth is estimated to be about $8.4 billion. The Cowboys won Super Bowl XXVII in the 1992 season,[18] as well as Super Bowl XXVIII the following year in the 1993 season. Minority owners: None. He was also the. [47] Jerry Jones Jr. is the Cowboys' chief sales and marketing officer/vice president. His most valuable holding is the Dallas Cowboys, which he bought for $150 million in 1989. After graduating from college in 1965, Jones borrowed a million dollars from the Teamsters union (which was run by Jimmy Hoffa at the time) to open up a number of Shakey's Pizza restaurants in Missouri. At Arkansas, Jones' teammate was Jimmy Johnson, whom Jones would later hire as his first head coach after he purchased the Cowboys. They have three children, Stephen, Jerry Jr., and Charlotte. At one point, again using Teamster's money, Jones tried to buy the NFL's San Diego Chargers. The net worth of Jerry Jones is $13.5 billion. 2004 Enters joint venture with Papa John's for Texas pizza franchises. According to an interview with Jones on HBO, after graduating from college in 1965, he borrowed a million dollars from Jimmy Hoffa's Teamsters union to open up a string of Shakey's Pizza Parlor restaurants in Missouri. [36] Commissioner Roger Goodell had issued a gag order for all owners and team executives from discussing any aspect of the pending labor issues. I didn't want to fire him. The deal came with significant risk, as Belichick arrived in New England with a losing record and a less-than-stellar reputation. Thing is, just a few weeks earlier, Jones had told his accountant, Jack Dixon, that he had no plans of ever touching the money, that all the stress of the previous 25 years was behind him. This was Jones' first fine by the NFL. The gains. Jerry Jones is the general manager and owner of the Dallas Cowboys which is one of the most valued franchises in the sporting world. . 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. $6.5 billion. Updated: 7:36 PM CST February 23, 2023. For instance, he personally championed the then-fledgling network Fox becoming the NFC's primary broadcast network at a time when ABC, CBS, and NBC were trying to convince the NFL to take less revenue for television rights. 7. I wanted to be in football, but I wanted to collect the resources that I could. and. 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. 2021, reported ESPN. I just wanted Jimmy Johnson as my head coach.". Diving into the net worth of Cowboys' owner Jerry Jones as the Dallas Cowboys battle the Las Vegas Raiders on Thanksgiving day. 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. 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. As a result, he has been an influential figure for not just said NFL team but also the NFL as a whole. Besides his ownership of the Dallas Cowboys. The deal came together pretty quickly after that and on Feb. 23, 1989, Dixon and Jones finalized the numbers with Bright in Dallas. Market Realist is a registered trademark. 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. 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? "Those were really hard times, and we had never experienced that. Bright who had previously purchased the Cowboys for $60 million. There were death threats, both by mail and over the phone. 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. You are going to be famous. "That was one of the most exciting nights of my career. 1.75m. Bezos is currently worth $115 billion, while Josh Harris's net worth is listed as $6.3 billion. Forbes has estimated. The Cowboys have not won a Super Bowl since Super Bowl XXX. Jones made comments both to the press and on his radio show, saying Hochuli was one of the most criticized officials in the NFL. "At first there were six of us, including Jimmy and Stephen, but everyone was falling sleep. The move to Fox significantly increased television revenues and ultimately turned the NFL into the world's richest sports league with revenues of more than $10 billion each season. Follow us on Twitter@sportscasting19. After graduating from the University of Arkansas, Jerral W. Jones was listed as an executive vice president. "At that point, I really only wanted to buy the Cowboys, so I thought that dream was done. Jones' Dallas Cowboys have been on the top of Forbes' list of most valuable NFL teams since 2018. Jones isnt just a businessman with a football team, like so many of his fellow NFL ownershes also a former football player. Trumps attacks against Fox News come as the right-wing network faces a $1.6 billion defamation lawsuit alleging its hosts knew Trumps election fraud claims were false. section: | slug: jerry-jones-bought-cowboys-for-140-million-now-worth-23-billion | sport: football | route: article_single.us | The Mediterranean-style mansion which set him back $6 million in 1992, is now estimated to be worth $28 million in 2020. All Rights Reserved. Jones also became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. Majority owner: Jerry Jones, 72. The Cowboys Owner Has a Net Worth of $8.6 Billion Jones had success long before he became the owner of the Cowboys. 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). He was also the founder and owner of Jones Oil and Land Lease, which searches for natural resources of oil and gas in Arkansas. [11] His privately held company currently does natural resource prospecting. [25], In an online poll from October 8, 2003, Jones was named the least-favorite sports personality by Sports Illustrated, in three states (Virginia, Delaware, and Texas). 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. He could have gone dead-dog broke on this.". "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. The following year they defeated the Bills again to win Super Bowl XXVIII. [citation needed] When that venture failed, Jones was given a job at his father's insurance company, Modern Security Life of Springfield, Missouri. The pressure was seemingly insurmountable. 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. In 2013, Jones narrated a documentary film on former teammate and business partner Jim Lindsey. "There had never been anyone on the sidelines second-guessing his personal and business decisions in the past. As of December 2019, Jones' net worth is reported by Forbes to be $8.5 billion . Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. Jerry Jone's Wife | Net Worth. A former football player himself, Jones played for the. He said, "I don't know if you ever want to do anything else with your life. 2004-2023 CBS Interactive. Bezos has the massive wealth needed to buy the team on his own, and then build the state of the . 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. We welcome all corrections and feedback using the button below. Even with inflation, thats a far cry from the $150 million Jones spent to purchase the team in 1989. In March 2022, Jones was served with legal action by a 25-year-old woman who claimed that he is her biological father. On the other hand, Jones confidence level about the Cowboys chances of capturing some championship hardware in the the near future should be at an all-time high. He and his family were set, for generations really. He was instrumental in brokering a deal between Stan Kroenke, San Diego Chargers owner Dean Spanos, and Oakland Raiders owner Mark Davis to ensure that Kroenke's SoFi Stadium plan passed, which it did via a 302 owners vote in favor. He is owner of the yacht Bravo Eugenia, named after his wife. 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. His net worth is $14 billion. According to Forbes.com, the franchise is currently worth $2.3 billion, $500 million more than any other NFL team (the Patriots are. But with the way things are trending in Foxborough, Bill Belichicks boss should be concerned about what lies ahead. Has everything gone right for Kraft during his tenure? According to the suit, Jones provided Cynthia Davis a $375,000 settlement, $57,000 in other expenses plus . His net worth jumped 76% to an estimated $16 billion thanks to big bets on real estate and . After all, dont forget the Patriots didnt just hire Belichick. After graduating college in 1965, Jerry Jones opened up a host of Shakey's. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. And there is no restriction on accomplishing those dreams. LikeSportscastingon Facebook. The Cowboys owner currently holds a net worth of $13.5 billion as per Forbes. I was sitting right where they were sitting, and I can remember it better than I can remember last month. Jerry's association with football commenced when he started playing as a 'running back' for his college team. The Cowboys havent come close to winning a title in quite a while. ", After signing the papers, Jones and Dixon headed to a local bar for a drink. At the same time, he's so human in that he wants to be liked. He was laughed at for the former, but not the latter. $2.5 billion, according to our most recent tally. In 2018, Jones told Atlanta Journal-Constitution reporter Mark Lane that serving as his own general manager helps streamline decision-making and communication lines with the coaching staff. We have not gone, yet we're the most popular TV show there is on television. Cork Gaines. "I wouldn't say he would have retired by any stretch; he would have found something to create. * While ownership remains with the estates of the Titans, Bills and Buccaneers, we will use the original dates Bud Adams, Ralph Wilson and Malcolm Glazer assumed ownership of their respective franchises. 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 . By instinct, they were also risk-takers. 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. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. According to Forbes, there are only three owners in the NFL who are worth more. Hell, I've spent money as fast as anyone who has ever lived. [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. Jerry Jones was born in Los Angeles, California, in 1942 and spent his childhood in North Little Rock, Arkansas. He was talking about branding, TV contracts, independent deals of the NFL, naming rights for stadiums, sponsorships. 11:00 am ET, Former NFL GM offers take on Jalen Carter situation, Bucs GM doubts Brady unretires, will keep flashlight on, Rodgers emerges from dark with latest on 2023 decision, Jalen Carter absent from combine media amid charges, Gardner-Johnson calls out former Eagles coach, Report: Snyder charged team $4.5M for logo on his jet, Jerry Jones bought Cowboys for $140 million, now worth $2.3 billion, Ranking 32 QB situations entering free agency, Mock: Panthers trade up, Ravens deal Lamar, Best team fits for the top free agents at each position, Gardner-Johnson calls out ex-Eagles coach in tweet. As of 2022, hes the 2nd richest NFL owner after Panthers David Tepper. *** The Packers are a publicly traded, non-profit company owned by its shareholders. Bloomberg reports Jones also has investments in real estate, hospitality management, and Papa Johns franchises. Jerry Jones is an American CEO, entrepreneur, and owner of the NFL's Dallas Cowboys. He has also endorsed a couple of coaches for his team. But thats just part of his story. GOBankingRates. What is Jerry Jones' net worth? When he started doing an hour on the elliptical every morning in his 50s, he would have a list of phone calls to make while doing so. Belichicks boss should be concerned about what lies ahead a documentary film former. Right for Kraft during his tenure company owned by its shareholders to Las Vegas play. Chief sales and marketing officer/vice president his net worth of jerry Jones is 13.5... 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