Jerry Jones Jr. is the Cowboys' chief sales and marketing officer/vice . Today, Jones' net worth is estimated to be about $8.4 billion. Majority owner: Jerry Jones, 72. 1 overall pick. [13] Soon after the purchase, he fired longtime coach Tom Landry, to that point the only coach in the team's history,[14] in favor of his old teammate at Arkansas, Jimmy Johnson. A small part of the collection is based in their Dallas house. 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. Dallas Cowboys team owner Jerry Jones wants to make one thing clear head coach Mike McCarthys job is not on the line. Photo by Rich Graessle/Icon Sportswire/Newscom. As of 2022, Jerry Jones' net worth is an estimated $12.4 billion, making him the 3rd wealthiest NFL team owner right now. But if he is not . 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. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. As of December2019[update], Jones' net worth is reported by Forbes to be $8.5 billion, the majority of which can be accounted for as being his ownership stake in the Cowboys who are currently valued by the same publication to be the world's most valuable sports team at $5 billion. First, Jones bought the Cowboys in 1989 for $140 million. Jerry Jr. is the chief sales and marketing officer, as well as vice president of the Cowboys. The family moved back to North Little Rock, Arkansas, in 1945. 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. [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. 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. 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.". *** The Packers are a publicly traded, non-profit company owned by its shareholders. Theses are the Book Of Boba Fett episodes you need to watch before The Mandalorian Season 3. "At that point, I really only wanted to buy the Cowboys, so I thought that dream was done. Johnson was replaced by another University of Arkansas alum, Barry Switzer, who won Super Bowl XXX in the 1995 season for Jones and the Cowboys. 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. 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. Getty Images. The following year they defeated the Bills again to win Super Bowl XXVIII. The Dallas Cowboys is based in the Dallas-Fort Worth metroplex. He has also endorsed a couple of coaches for his team. The following browsers are supported: Chrome, Edge (v80 and later), Firefox and Safari. This echoes what CBS Sports NFL Insider Jason La Canforawrote Thursday about ownership succession plans for 13 NFL teams, including the Cowboys. As a result, he has been an influential figure for not just said NFL team but also the NFL as a whole. ", After signing the papers, Jones and Dixon headed to a local bar for a drink. At least, not where it really matters in the pro football world. Just think about that a minute. Please logout and login again. Nov. 23 at 6:00 a.m. On the first day of classes at North Little Rock High, a crew-cut sophomore named Jerral Wayne Jones found his spot among a phalanx of . "There had never been anyone on the sidelines second-guessing his personal and business decisions in the past. 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. Jerry Jones doesn't like to waste time. Related by education: University of Arkansas. They had big plans," Jerry Jones Jr. says. FRISCO, Texas It's a crossover many probably didn't see coming. The Cowboys owner currently holds a net worth of $13.5 billion as per Forbes. According to thisDallas Morning Newsstory from 2012, in the early 1990s, Jerry Jones transferred limited partnership interests to Stephen, Charlotte and Jerry Jr., giving them what he called serious skin in the game. 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. His net worth jumped 76% to an estimated $16 billion thanks to big bets on real estate and . "I wouldn't say he would have retired by any stretch; he would have found something to create. Your login session has expired. The browser you are using is no longer supported on this site. Louis. "Jerry does have a huge heart and he wanted to do things the right way. He was on his way to reshaping the NFL.". Jerry Jones megayacht is worth $250 million. Besides his ownership of the Dallas Cowboys. I just wanted Jimmy Johnson as my head coach.". There is no majority owner. Jerry Jones bought the Dallas Cowboys for $140 million in 1989, they are now worth over $6.5 billion.Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value.He was laughed at for the former, but not the latter. The Cowboys owner has a net worth of around $8.5 billion and took over the franchise in 1989. Jones is also the head of his real estate and investment company ( Blue Star Land ). I did it to have the stuff that money gets. Dallas has a diverse offense that features star power at every position except tight end. [8] Several future head coaches were assistant coaches for Broyles on the Razorbacks' staff during Jones' college career in Fayetteville, including three more members of the College Football Hall of Fame: Hayden Fry (Southern Methodist University, North Texas State University, and the University of Iowa); Johnny Majors (Iowa State University, University of Pittsburgh, and the University of Tennessee), and Barry Switzer (University of Oklahoma, and later head coach of the Cowboys under Jones). Four years earlier, he, like the rest of the world, didn't even know the Cowboys were for sale. [7], Other notable teammates were Glen Ray Hines, a consensus All-American offensive tackle; Ken Hatfield, who went on to coach several major programs including Arkansas; Jim Lindsey; future Outland Trophy winner Loyd Phillips; and College Football Hall of Fame linebacker Ronnie Caveness. Jerry Jones has a net worth that currently stands at an estimated $8.4 billion, according to Forbes. 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. Now, the Cowboys are the most valuable asset in his portfolio with. It was about really rich men who liked having a football team and could afford to lose a few million each year. The main source of wealth is the increased value of his Dallas Cowboys team. 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. But I love Jag fans, I love Eagle fans, I love Redskin fans, Massillon High School fans, Canton McKinley fansyou're here tonight because you love the game, I am here because I love it too.". His life before becoming an actor. 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 . In March 2022, Jones was served with legal action by a 25-year-old woman who claimed that he is her biological father. In 2018, the company paid $38 million for a 200-acre site to be developed into a development called Star Business Park. Offers may be subject to change without notice. * 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. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. pic.twitter.com/qXyO5MAf3p. 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. Eventually, just a few days before the 1989 NFL Draft, a deal was reached, the largest for a rookie in league history: six years, $11.2 million. Jerry Jones, who's headed to the Pro Football Hall of Fame, put in $118 million to buy the Dallas Cowboys in 1989, and the franchise is now worth $4.2 billion. . Bezos has the massive wealth needed to buy the team on his own, and then build the state of the . Notable members on the team included Johnson holdovers Troy Aikman, Emmitt Smith, Michael Irvin, and Super Bowl XXX MVP Larry Brown. The team is currently valued at $8 billion. Hunt Family They also have nine grandchildren. During those first nine months as the Cowboys owner, Jones was flying around the country so much that his plane's fuel bill averaged $50,000 a month. At Arkansas, Jones' teammate was Jimmy Johnson, whom Jones would later hire as his first head coach after he purchased the Cowboys. His family moved back to North Little Rock, Arkansas in 1945. I wanted them to get in my shoes for a momentthe first day of 1965, he told the Associated Press after talking to the Razorback players for about 10 minutes. 6. 2004 Enters joint venture with Papa John's for Texas pizza franchises. And there is no restriction on accomplishing those dreams. Jerry Jones is an American CEO, entrepreneur, and owner of the NFL's Dallas Cowboys. He spent the next two decades making money and plotting his return to football. Reflects change since 5 pm ET of prior trading day. . Jones was born in Los Angeles, California, to John "Pat" and Armenita Jones. Has everything gone right for Kraft during his tenure? 2004-2023 CBS Interactive. He was laughed at for the former, but not the latter. By David Maraniss. 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. Still, this was the Cowboys. 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. ** John Mara, 59, and Steve Tisch, 65, each own 50 percent of the Giants. Charlotte is married to her husband Shy Anderson and has three children. Blue Star wants to create a 400,000 square foot merchandising distribution and sales centerfor the Cowboys on part of the property. Also, the value of an NFL franchise is bound to change depending on the popularity and performance of the team. Jerry Jones Net Worth. That was the hardest thing for me, just that we got off to such a tough start because of the Tom Landry situation.". What he does have, though, is a collection of Lombardi Trophies. Bezos is currently worth $115 billion, while Josh Harris's net worth is listed as $6.3 billion. He could have gone dead-dog broke on this.". The signing bonus cancelled check is framed to this day on the wall of Jerry's study at his home. This guy was so far beyond what anyone else was thinking at the time. With Jones at the helm, the Cowboys earned victories in Super Bowls XXVII, XXVIII and XXX. 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. Jerry Jones has owned the Dallas Cowboys for 25 years. In one scene, Jones is depicted as having huge, bulging chameleon-like eyes, as a young woman's head pops up from his lap. 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. Before the Cowboys: The early years Dabbling in business while playing football at the University of Arkansas in the 1960s, Jones honed his skills by selling life insurance to businessmen and. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. Luckily for Jerry Jones, the Cowboys have a real shot at representing the NFC in Super Bowl 56. Jones has an estimated net worth of about $5.6 billion; all being the co-owner of the Dallas Cowboys. [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). they remain the most valuable franchise in the NFL. "I really couldn't have handled all that much worse and the really sad part of it is I idolized Tom Landry and everything he stood for. He has a large contemporary art collection. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Jerry Jones bought the Dallas Cowboys on February 29, 1989, for $140 million. 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. Everyone is going to know your face, want your autograph, want to take a picture. Jones is one of two owners in the league (the other is Cincinnati's Mike Brown) who have either the title or powers of general manager. ", "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. 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