Jerry Buss is an American businessman, real estate investor and major league team owner with a net worth of $600 million. Jerry Buss is the majority owner of the Los Angeles Lakers basketball team.
It accounts for the majority of his wealth. He is also the former owner of the WNBA’s Los Angeles Sparks, the NHL’s Los Angeles Kings, and the NBA’s Los Angeles Lakers. Let’s find out about his net worth and other details.
Jerry Buss Net Worth (2024)
| Net worth: | 600 million dollars |
| Job: | Businessmen |
| Year old: | 80 years old |
| Nation: | USA |
| Born: | January 27, 1933 |
| Wage: | 50 million dollars |
| Last updated: | 2024 |
Jerry Buss Net Worth Growth
| Net worth 2024 | 600 million dollars |
| Net worth 2023 | 500 million dollars |
| Net worth 2022 | 400 million dollars |
| Net worth 2021 | 300 million dollars |
| Net worth 2020 | 200 million dollars |
Early life and education
Gerald Hatten Buss, a Utah native, was born on January 27, 1933, in Salt Lake City. Buss’s divorced mother, Jessie, was his primary caregiver while he was growing up. His father, Lydus, was a certified public accountant who taught statistics at the University of California, Berkeley, after the divorce.
At age nine, he moved to Los Angeles. When his mother remarried, they moved to Kemmerer, Wyoming. Buss attended the University of Wyoming. He moved to LA, where he earned his master’s and doctorate in physical chemistry from the University of Southern California at age 24.
Career
As a real estate entrepreneur
Buss ventured into real estate to supplement his income and allow him to continue teaching. In the 1960s, he made an initial investment in a $1,000 home in West Los Angeles.
He and his longtime business partner, Frank Mariani, founded Mariani-Buss Associates, a real estate investment firm, after experiencing significant developments in the real estate market. Pickfair, a Beverly Hills home, was purchased by Buss in 1979 and sold in 1987.
Sports team ownership
By 1979, Jerry had raised enough money to buy The Lakers, The Kings, and The Forum sports facilities for $67.5 million. The actual value was $213 million. It was the largest sports franchise acquisition in history at the time.
Under Jerry’s leadership, the Lakers won their first of 10 NBA titles in less than a year. The Los Angeles Lakers are one of the most successful and popular franchises of all time, with a market value of over $1 billion.
Buss bought the Sparks in 2002 when the WNBA restructured to allow for unique ownership of each team. He gave the team away in 2006. Buss also bought the Los Angeles Lazers of the Major Indoor Soccer League. The Lazers also performed at The Forum.
The team went bankrupt in 1989, and the league did too three years later. In 2010, he was inducted into the Basketball Hall of Fame for his contributions to the sport. In 1983, the American Academy of Achievement honored Buss with its Golden Plate Award.
As a Poker Player
Buss played in high-stakes cash tournaments for decades, but as he got older he shifted his focus to tournaments. His best finish was third in a seven-card stud tournament.
He won the 1991 World Series of Poker and finished second in the 2003 World Poker Tour Freeroll. He also appeared on GSN’s High Stakes Poker and NBC’s late-night Poker After Dark.
Other works
Buss produced the 1974 film Black Eye, starring retired football star Fred “the Hammer” Williamson. Buss ran the Playboy Club in Phoenix.
About
| Net worth | 600 million dollars |
| Name | Jerry the Bus |
| Year old | 80 |
| Height | (1.73 meters) |
| Weight | 80KG (Approx.) |
| Job | Businessmen |
| Date of birth | January 27, 1933 |
| Place of birth | USA |
| Nationality | American |
| Income | $50 million (Annual) |
| Couple | JoAnn Mueller |
“Anyone with a sky-high salary obviously attracts attention.”
– Jerry Buss
Jerry Buss Social Media Profile
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| TikTok | Click here |
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Personal life
After having four children, Buss divorced his first wife, JoAnn Mueller, in 1972. Buss’ girlfriend, Karen Demel, had two more children with him later. All six of his children were working for the Lakers at the time of his death.
Legal issues
Buss was cited for drunken driving in 2007 after two California Highway Patrol officers spotted him driving his gold Mercedes-Benz in the wrong lane in Carlsbad, California, with a 23-year-old woman in the car. Buss was arrested after failing a road sobriety test.
Death
Buss spent several months in hospital in 2012 due to an unspecified gastrointestinal illness. For medical reasons, he decided not to attend a Lakers game during the 2012–13 season until his 80th birthday in 2013.
Buss had been battling cancer since 2012, a fact revealed four days before his death that year. He died of kidney failure in February 2013, at the age of 80, after being admitted to Cedars-Sinai Medical Center with an unknown form of cancer.
Summary
As of 2024, Jerry Buss has an estimated net worth of $600 million. To make this huge amount of money, he invested in Real Estate, Team Owning, and many other businesses. His annual income at the time of his death was over $50 million.
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