Four years earlier, he, like the rest of the world, didn't even know the Cowboys were for sale. See . What causes that is creating some aura, creating some excitement. He was also the founder and owner of Jones Oil and Land Lease, which searches for natural resources of oil and gas in Arkansas. Here are some of Jones' assets: 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. Obviously, though, parting ways with a few picks turned out to be an absolute steal. This amount keeps fluctuating and could be attributed to his income and investment portfolio. ", 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. Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. 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. But Jerry wanted to go see Tom and do it in a classy way, and unfortunately, it backfired on him. section: | slug: jerry-jones-bought-cowboys-for-140-million-now-worth-23-billion | sport: football | route: article_single.us | His life before becoming an actor. In March 2022, Jones was served with legal action by a 25-year-old woman who claimed that he is her biological father. The gains. Obviously, much of that can be attributed to the Dallas Cowboys, which have helped make him the 44th richest person in the United States. That's the same as around $300 million today after adjusting for inflation. 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). Jones has a $10.7 billion net worth, according to Forbes, with his holdings headed by the Cowboys. Luckily for Jerry Jones, the Cowboys have a real shot at representing the NFC in Super Bowl 56. 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). "Take Cowboys owner Jerry Jones (net worth: $8.8 billion)," said Forbes writer Mike Ozanian. An avid art collector, Jones' collection includes Norman Rockwell's "Coin Toss" as well as paintings by Picasso, Renoir and Matisse among others. His most valuable holding is the Dallas Cowboys, which. [2] His parents owned two branches of Pat's Super Market in the Rose City neighborhood of North Little Rock. ", "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. I just wanted Jimmy Johnson as my head coach.". A former football player himself, Jones played for the. Jerry Jones has a net worth of $11 billion. 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. In the 1992-93 season, the Cowboys defeated the Buffalo Bills in Super Bowl XXVII. Jerry Jones stood by him, but there's no question that Cowboys executives and fans expect more. Jerry Jones' yacht is worth a whopping $250 million. 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. After purchasing the Cowboys for roughly the same amount as Dak Prescotts contract, Jones went to work building a brand so he could capitalize off his teams popularity. He is the son of Arminta Jones and J.W. Jones says. [5], Jones attended the University of Arkansas, where he was a member of the Kappa Sigma fraternity. Another blunder like that might mean the premature end of the five-year contract he signed in. They had big plans," Jerry Jones Jr. says. Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. The team is currently worth $6.5 billion, and Jones fortune comes in at $5.6 billion. The NFL team is valued by Forbes at $5.7 billion, making it the most valuable sports team. The Jones family has pledged to donate $16.5 million to organizations supporting Arlington youth for over 33 years now. Their youngest, Jerry Jr., attended Georgetown University and Southern Methodist University, where he earned his degree in law. 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. He was also the. 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. Jones and Johnson turned the team around quickly and the next season the team went 7-9. Getty Images. I was sitting right where they were sitting, and I can remember it better than I can remember last month. 30 Years Ago Jerry Jones Bought The Dallas Cowboys For $60 Million Today The Team Is Worth $6.5 Billion, How Jerry Jones Turned A Second Choice NFL Investment Into The Most Valuable Sports Team On The Planet, Here's How Much Jerry Jones Thinks The Dallas Cowboys Are Worth (Hint: It's A Lot). He is considered to be one of the richest NFL Team owners. His net worth is $14 billion. First, Jones bought the Cowboys in 1989 for $140 million. Jerry Jones told Yahoo Finance in September that he wouldn't sell the Dallas Cowboys for $10 billion. Their daughter, Charlotte, is a graduate of Stanford and also holds a position with the Cowboys, as vice president and director of charities and special events. As for the franchise he had just purchased, well, it was like Dixon advised him, a financial disaster, losing just shy of one million dollars a month. According to Forbes, Jones made his first million as an oil. For More Contents On Popular TikTok Star, Stay Tuned To AllStarBio. 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 . His net worth jumped 76% to an estimated $16 billion thanks to big bets on real estate and . And there is no restriction on accomplishing those dreams. [51], In November 2022, a 1957 photo surfaced depicting a 14-year-old Jerry Jones witnessing an argument where White students attempted to prevent six African-American students from entering North Little Rock High School in Arkansas. Jerry Jones: Net Worth: $14 billion: Source of Wealth: Dallas Cowboys NFL team: Born: October 13, 1942 . The deal came with significant risk, as Belichick arrived in New England with a losing record and a less-than-stellar reputation. On the other hand, New England has a promising first-year quarterback, a few solid role players, and a whole bunch of question marks. At the same time, he's so human in that he wants to be liked. He has been the owner of the Cowboys since 1989. His most valuable asset, of course, is the Dallas Cowboys franchise. Instead, Kraft traded a first-round pick (plus some change) to the New York Jets to secure a new leader for his beloved team. All Rights Reserved. 7, apparently saw the biggest gain this year. Source of wealth: Oil (Jones Oil and Land Lease) and real estate (Blue Star Land Co.) Net worth: $4.2 billion (Forbes) Residence: Dallas . In 1996, Johnson became head coach of the Miami Dolphins, although he failed to . Jerry Jones has been the owner, president and general manager of the Dallas Cowboys of the NFL since 1989. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. Jones is also the head of his real estate and investment company ( Blue Star Land ). pic.twitter.com/qXyO5MAf3p 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. Updated March 12, 2022 5:27 PM On March 3, a 25-year-old congressional aide from North Texas filed a lawsuit saying Dallas Cowboys owner Jerry Jones is her father. The first season under Jones' ownership, the Cowboys finished 1-15. All Rights Reserved. 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. Jerry Jones is known to invest heavily in oil ventures. The Cowboys havent come close to winning a title in quite a while. Jones' Dallas Cowboys have been on the top of Forbes' list of most valuable NFL teams since 2018. The Dallas Cowboys has a value of $8 billion. Jones. Jerry Jones and his wife own an enormous home in the Highland Park area of Dallas, worth around $20 million. . Goodell did not disclose the specific amount of Jones' fine in the memo.[37]. 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. [23], Increased television revenues have played a decisive role in securing the NFL's place as the world's richest sports league, with revenues of well over $10 billion per season. Jones also became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. The defense may not be elite, but it certainly has a few exciting pieces. 1 everywhere except for in his home state. ", The owner also said in the 2012 article that, Im very confident that if I got hit by a truck tomorrow, weve got a great succession plan. 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. The Cowboys owner currently holds a net worth of $13.5 billion as per. A small part of the collection is based in their Dallas house. He became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. It was more a curious thing. Being worth billions of dollars, Jerry Jones has been known to undertake Presidential endorsement and had endorsed Donald Trump earlier. I do think my mom was hoping he was going to relax, become a little more laid back.". The main source of wealth is the increased value of his Dallas Cowboys team. That's not what my career has been about. Over the past four years, Jones has made more than 300% on oil and gas assets he acquired in North Dakota, compared to "just" a 58% gain in the value of the Cowboys over that same time. Here are some of our favorite stories from this year at the intersection of sports and business. . By instinct, they were also risk-takers. Eventually, he went back to Arkansas to get his Master's degree in Business and graduated in 1970. Thats a fact., Latest National Football League (NFL) News and Updates. The Cowboys owner made his first million through oil investments in the 1970s, Forbes reports. Why is Jerry Jones so rich? According to the most recent estimate by Forbes, hes worth $10.6 billion. He had an estimated net worth of $13 billion in 2020, far more than the third-richest owner (Jerry Jones, $8.6 billion). 2023 Forbes Media LLC. Jerry Jones has a net worth of $11 billion. 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. 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. [7] A few months later, he fired longtime general manager Tex Schramm, and assumed complete control over football matters. After his purchase, he fired the coach, Tom Landry, and hired Jimmy Johnson in his stead. Forbes has estimated. 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. 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 . The deal came together pretty quickly after that and on Feb. 23, 1989, Dixon and Jones finalized the numbers with Bright in Dallas. "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. 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. [36] Commissioner Roger Goodell had issued a gag order for all owners and team executives from discussing any aspect of the pending labor issues. What is the Dallas Cowboys net worth? As of 2019, Charlotte has a net worth of $100 Million. 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. Put another way: Winning, it turns out, isn't everything. 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 . A former football player himself, Jones played for the University of Arkansas. But thats just part of his story. The Cowboys face lots of questions about their roster before Week 1 of the 2023 NFL season arrives. 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. "Every NFL team was losing money, but here's the thing. As Eugenia's significant other half is a tycoon, Jerry has a net worth of $13.9 billion. Once new ownership, familial (see Lions and Raiders, for example) or otherwise, is established, we reset the counter. Thanks to the terrific trio of Troy Aikman, Michael Irvin, and Emmitt Smith, Dallas won three Super Bowls in a four-year span, which certainly made ownership happy. I should point out, at the time, I couldn't have financially done it anyhow.". I've never met anyone who could envision the future like Jerry can. And with Prescott playing at an MVP level, it wouldnt be a surprise if the Lombardi Trophy makes it way back to Dallas sooner than later. What he does have, though, is a collection of Lombardi Trophies. Do not duplicate in any form without permission of the Dallas Cowboys. Here are the best new movies available on Netflix in the month of March. It was time to relax. [15], After a slow start under Jones and Johnson (the first season under Jones, a 115 finish,[16] remains second only to the team's inaugural season in terms of futility),[17] Jones quickly built a team often considered one of the best NFL franchise of the 1990s. He purchased the Dallas Cowboys franchise 31 years back for $60 million. According to Forbes, there are only three owners in the NFL who are worth more. [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. So we contacted Solomon Brothers, who was handling the sale, and we went down to Dallas for a week," Dixon says. At one point, he hit all four corners of the U.S. in less than 24 hours. That figure is mind-boggling for a couple reasons. * 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. Bachelor of Arts/Science, University of Arkansas; Master of Arts, University of Arkansas. "The toughest moment we've had through these years of owning the Cowboys is the Tom Landry situation," says Stephen Jones. 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. Jerry Jr. is the chief sales and marketing officer, as well as vice president of the Cowboys. Jones and the Cowboys became winners very quickly, hoisting Super Bowl titles in 1992 and 1993 but soon after things began to unravel largely due to the spotlight, attention and jealousy. We lead all teams in TV ratings. For Jerry Jones, the price of admission into the NFL came out to $140 million. In terms of the ultimate dream, well, the NFL kept moving the goal posts on Jones, the price tag of admission only kept growing, more so than Jerry's bank account, at least until 1988. There were death threats, both by mail and over the phone. Also, the value of an NFL franchise is bound to change depending on the popularity and performance of the team. While he never has to worry about being able to afford a potential purchase, Jones has learned the hard way that wealth doesnt necessarily equate to success. El director de operaciones de los Cowboys, Stephen Jones, se reuni con los periodistas el martes en Indy y uno de los temas de conversacin fue el futuro de la lnea ofensiva. 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.". In 2019, the company picked up another 60 acres nearby. For years, it was a rich man's club, the league wasn't set up to make money. Jones said: "Disloyalty I couldn't handle the disloyalty.". He was talking about branding, TV contracts, independent deals of the NFL, naming rights for stadiums, sponsorships. After his graduation, Jones' parents moved to Springfield, Missouri, where Pat was president and chairman of Modern Security Life Insurance Co. "Jerry called me in October, said he was thinking of buying the Cowboys and let's take a look at the books. Jones also initially promised head coach Bill Parcells complete control over football matters; however, their relationship broke down after Jones signed controversial wide receiver Terrell Owens. That brought Jerry Jones' total investment to $140 million. 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. In the book, Jones admitted he handled the firing of Landry poorly and accepted some blame for the disintegration of his relationship with Landry's successor, Jimmy Johnson. Jerry Jones has been the owner of the Dallas Cowboy since 1989. 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. The Dallas Cowboys are the world's most valuable sports franchise, worth an estimated $4.8 billion. $2.5 billion, according to our most recent tally. He could have gone dead-dog broke on this.". 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. And with the Cowboys earning their last Lombardi Trophy in 1995, Jones said hed do whatever it takes to get Americas Team back to the NFLs biggest game. In the book, Jones admitted he handled the firing of Landry poorly and accepted some blame for the disintegration of his relationship with Jimmy Johnson. There is no majority owner. "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. Jerral Wayne Jones was born on October 13, 1942 (age 79 years) in Los Angeles, California, United States. Jr. is the Tom Landry situation, '' says Stephen Jones the company up... 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