Jerry Buss is an American businessman, real estate investor and owner of a major football team with a net worth of $600 million. Jerry Buss is the principal owner of the Los Angeles Lakers basketball franchise.
It accounts for the majority of his assets. He is also the previous owner of the WNBA’s Los Angeles Sparks, the NHL’s Los Angeles Kings and the NBA’s Los Angeles Lakers. Let us find out about his net worth and other details.
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Jerry Buss Net Worth (2024)
| Net value: | 600 million USD |
| Job: | Businessmen |
| Year old: | 80 years old |
| Nation: | USA |
| Born: | January 27, 1933 |
| Wage: | 50 million USD |
| Latest updates: | 2024 |
Jerry Buss Net Worth Growth
| Net worth in 2024 | 600 million USD |
| Net worth in 2023 | 500 million USD |
| Net worth in 2022 | 400 million USD |
| Net worth in 2021 | 300 million USD |
| Net worth 2020 | 200 million USD |
Early life and education
Gerald Hatten Buss, a native of Utah, was born on January 27, 1933 in Salt Lake City. Buss’s divorced mother, Jessie, was his primary caregiver while he was growing up. Lydus, his father, was an accountant who taught statistics at the University of California, Berkeley after his divorce.
At the age of nine, he moved to Los Angeles. When her mother remarried, they migrated to Kemmerer, Wyoming. Buss attended the University of Wyoming. He moved to LA, where he earned his MS and Ph.D. in physical chemistry at the University of Southern California at age 24.
Career
As a real estate businessman
Buss ventured into real estate to supplement his income and allow him to continue teaching. In the 1960s, he made his first investment in a $1,000 housing complex in West Los Angeles.
He and his longtime business partner, Frank Mariani, founded Mariani-Buss Associates, a real estate investment company, after experiencing significant advances in the real estate market. Pickfair, the Beverly Hills house was bought by Buss in 1979 and traded in 1987.
Sports team ownership
By 1979, Jerry had gathered enough money to buy The Lakers, The Kings and The Forum sports facilities for $67.5 million. In real terms, that amount is equivalent to $213 million. It was the largest acquisition of a sports franchise in history at the time.
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Under Jerry’s direction, the Lakers won their first 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 purchased the Sparks in 2002 when the WNBA reconfigured to allow each team to have a single owner. In 2006, he gave away the team. Buss also acquired the Los Angeles Lazers of the Major Indoor Soccer League. The Lazers also performed at The Forum.
The team ceased operations in 1989, and three years later, the league also ceased operations. 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
For decades, Buss performed in high-stakes cash tournaments, but at an older age, he shifted his focus to tournaments. His best performance was third in a seven-card tournament.
That was at the World Series of Poker in 1991 and a second time in the World Poker Tour Freeroll tournament in 2003. He also starred in the GSN poker show High Stakes Poker and NBC’s late night show Poker After Dark.
Other jobs
Buss produced the 1974 film Black Eye, starring retired gridiron celebrity Fred “the Hammer” Williamson. Buss ran the Playboy Club in Phoenix.
About
| Net value | 600 million USD |
| Name | Jerry Buss |
| Year old | 80 |
| Height | (1.73m) |
| Weight | 80kg (approx.) |
| Job | Businessmen |
| Date of birth | January 27, 1933 |
| Place of birth | USA |
| Nationality | American |
| Income | 50 million USD (Annual) |
| Couple | JoAnn Mueller |
“Anyone with a huge salary is obviously going to attract attention.”
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– Jerry Buss
Jerry Buss’s social media profile
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| TikTok | Click here |
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Personal life
After four children, Buss divorced his first wife, JoAnn Mueller, in 1972. Buss’s girlfriend, Karen Demel, later had two other children with him. His six children were all working for the Lakers at the time of his death.
Legal issue
Buss was charged with drunk driving in 2007 after two California Highway Patrol officers noticed him driving his yellow Mercedes-Benz on the wrong side of the road in Carlsbad, California, with a 23 year old female passenger. Buss was arrested after failing a field sobriety test.
Death
Buss was hospitalized for months in 2012 due to an unknown digestive illness. Due to medical reasons, he chose not to attend a single Lakers game during the 2012–13 season until his 80th birthday in 2013.
Buss had been battling cancer since 2012, it was 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 unspecified form of cancer.
Summary
As of 2024, Jerry Buss has an estimated net worth of $600 million. To earn such high amount of money, he invested in Real Estate, Group Ownership and many other businesses. His annual income at the time of his death was more than $50 million.
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Category: Net Worth