He made his fortune as an oil wildcatter in the 1970s. Money cant buy titles, but it can help you get a seat at the table in pro sports. "I offered him a front-office position, told him he could name the position. Honestly, that wasn't even the bad news. At one point, again using Teamster's money, Jones tried to buy the NFL's San Diego Chargers. 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. 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. 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. After his purchase, he fired the coach, Tom Landry, and hired Jimmy Johnson in his stead. Jones has built the Cowboys into the most valuable sports franchises in the world, and guided them to three Super Bowl titles since 1989. Jerry Jones is known to invest heavily in oil ventures. Jerry Jones Jr. is the Cowboys' chief sales and marketing officer/vice . Jerry Jones Brand deals and Endorsements (Image via AS USA) Jerry Jones Net Worth. "Thing is, it wasn't about the Aikman contract. The following year they defeated the Bills again to win Super Bowl XXVIII. 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. 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. According to Forbes, Dallas Cowboys owner Jerry Jones, No. In 2021, the Green Bay Packers were 70 percent of the way to profitability before even playing a down, due to the NFL's generous shared revenue model. Jones and Johnson turned the team around quickly and the next season the team went 7-9. 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 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. It was a major financial meltdown, savings and loans banks were going under, oil and gas was at an all-time low, and to finance the loans to buy the team, Jerry was paying an 11.5 percent interest rate, or $40,000 a day," Dixon says. What is the Dallas Cowboys net worth? Meanwhile, the Patriots have a mix of aging veterans on their last legs (Donta Hightower, Devin McCourty, Kyle Van Noy), a few high-upside youngsters (Josh Uche, Kyle Dugger), and some solid established starters (J.C. Jackson and Adrian Phillips). By instinct, they were also risk-takers. But, the truth is Jone's estimated net worth buoyed from his natural gas investments more than it is from "America's Team". He was sleeping an hour here and there, and was soon diagnosed with sleep arrhythmia. 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. Put another way: Winning, it turns out, isn't everything. Jerry Jones; Tee Higgins trade; Kirk Cousins; . and. Your login session has expired. In 2018, the company paid $38 million for a 200-acre site to be developed into a development called Star Business Park. Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. CBS Sports is a registered trademark of CBS Broadcasting Inc. Commissioner.com is a registered trademark of CBS Interactive Inc. site: media | arena: nfl | pageType: stories | Jerry Jones has a net worth of $15.8 billion according to Forbes. As you know, the Cowboys have not gone to the playoffs in several years, the owner said. And there is no restriction on accomplishing those dreams. Even after you adjust for inflation, and the price becomes roughly $300 million, Jones has gotten an incredible return on his. [2] His parents owned two branches of Pat's Super Market in the Rose City neighborhood of North Little Rock. "Why would I play for another four hours when the deal was done?" ", After signing the papers, Jones and Dixon headed to a local bar for a drink. 1992 Cowboys win first of three Super Bowls under Jones. How did Jerry Jones make his money before the Cowboys? He could have gone dead-dog broke on this.". 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. It was because of him and what he accomplished and the way he accomplished it that I wanted to buy the Cowboys," 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. Jones' Dallas Cowboys have been on the top of Forbes' list of most valuable NFL teams since 2018. The Dallas Cowboys are the world's most valuable sports franchise, worth an estimated $4.8 billion. In particular, he was decisive in securing Fox as the NFC's primary broadcaster at a time when the traditional "Big Three" networks were trying to convince the league into accepting a rollback in television rights fees. 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. 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. Dallas Cowboys owner Jerry Jones is being sued by a 25-year-old woman in North Texas claiming that he is her biological father. Today, Jones' net worth is estimated to be about $8.4 billion. ", Jones laughed, and said, "Nah, owners aren't that well known.". * 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. The magazine called Jones a wildcatter, someone who drills oils wells on land not known for being an oil field. He purchased the Cowboys in 1989 and built it into the world's most valuable sports team In May 2021, Forbes named the Cowboys the world's most valuable sports team, worth $5.7 billion after. Bloomberg reports Jones also has investments in real estate, hospitality management, and Papa Johns franchises. "Every NFL team was losing money, but here's the thing. They had borrowed huge amounts of money from Mr. [Harvey 'Bum'] Bright's banks," Jones says. Jones and Deion Sanders appeared together in several television commercials during Sanders' time with the Cowboys. The Dallas Cowboys is based in the Dallas-Fort Worth metroplex. [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. 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). Nov 11, 2017, 10:52 AM. Think mega-rich. Jerry Jones bought the Dallas Cowboys for $140 million in 1989, they are now worth over $6.5 billion. For Jerry Jones, the price of admission into the NFL came out to $140 million. He started quite a . "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. The team is currently worth $5.5 billion (4 billion). The value of the team is now around $5.7 billion, making it one of the richest teams in any team sports. 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. His vision extends far beyond success on the football field. I didn't want to fire him. [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. [22] Much of the league's financial success since 1989 has been credited to Jones himself. . To this day, Johnson is not included in the Dallas Cowboys "Ring of Honor." . Football (U.S.) NFL; Sports Industry; Sports; Money; Continue to read 5 stories in this Storyboard. Storytelling On The Plate: Kwame Onwuachi's Afro-Caribbean Journey To Lincoln Center, Will Santos Be Expelled From Congress? Oh, and overnight Jones became the most hated man in Dallas, if not the sports world. Charlotte Jones Anderson Age, Bio, and Wiki | She is the Executive Vice President and Chief Brand Officer of Dallas Cowboys, a professional football team of NFL. He is considered to be one of the richest NFL Team owners. "Those were really hard times, and we had never experienced that. In 1991, the Cowboys went 11-5 and made the playoffs, but lost in the second round. Jerry was always well liked by everyone," Gene says. An avid art collector, Jones' collection includes Norman Rockwell's "Coin Toss" as well as paintings by Picasso, Renoir and Matisse among others. Submit a correction suggestion and help us fix it! In one scene, Jones is depicted as having huge, bulging chameleon-like eyes, as a young woman's head pops up from his lap. [5], Jones attended the University of Arkansas, where he was a member of the Kappa Sigma fraternity. Forbes has estimated. He had an estimated net worth of $13 billion in 2020, far more than the third-richest owner (Jerry Jones, $8.6 billion). pic.twitter.com/qXyO5MAf3p Joe Pompliano (@JoePompliano) August 6, 2021 Since the dismissal, Jones indicated that he regrets the process of Landry's firing and his role in it. In 2019, the company picked up another 60 acres nearby. 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. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. However, there is no guarantee that Robinson is available at 26, the Cowboys may need to trade up before another team snatches him. Donald Trumps real net worth? 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. The Mediterranean-style mansion which set him back $6 million in 1992, is now estimated to be worth $28 million in 2020. The Cowboys is currently valued at $5 billion. Jerry Jones was born in Los Angeles, California, in 1942 and spent his childhood in North Little Rock, Arkansas. All this is old hat now, but no one was talking about it in 1989. "The Dallas Cowboys fans are the greatest fans on Earth. [50] Jones has paid nearly $3 million to the woman and her mother, which included the woman's full tuition at Southern Methodist University and a $70,000 Range Rover on her 16th birthday. 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 talking about branding, TV contracts, independent deals of the NFL, naming rights for stadiums, sponsorships. "Then we went down a second time, Stephen came along, and we interviewed [longtime Cowboys president/general manager] Tex Schramm and a few of the financial folks with the team. Reflects change since 5 pm ET of prior trading day. Jerry Jones has a net worth of $11 billion. Jones launched Jones Oil and Land Lease, a privately held company that does natural resource prospecting. You may not. Jerry Jones doesn't like to waste time. This guy was so far beyond what anyone else was thinking at the time. Second, despite being known as "America's Team," the Cowboys have done little in recent years to earn the nickname. Jerry Birth date: October 13, 1942 Age: 80 Zodiac Sign: Libra Height: 6' 4" Relationship Status: Married Net Worth: $11.7 billion Jerral's Social Media: Background Jerral Wayne Jones, A.K.A. Today the team is worth at least $6.5 billion. The magazine credited him for building modern facilitiesincluding AT&T Field, the teams corporate headquarters, and its practice facilityand for arranging merchandising business and a licensing arrangement with the NFL. He has a large contemporary art collection. Jones' and Johnson's relationship began to fall apart in 1993 over a power struggle. After all, dont forget the Patriots didnt just hire Belichick. "My parents were going to be empty-nesters and enjoy travel. He has never been much of a sleeper, three or four hours most nights, and there have been stretches when he's especially stressed that an hour was considered his best Rip Van Winkle impersonation. 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. Luckily for Jerry Jones, the Cowboys have a real shot at representing the NFC in Super Bowl 56. He is owner of the yacht Bravo Eugenia, named after his wife. Jerry Jones, Robert Kraft and 23 More Of The Richest NFL Team Owners . The following browsers are supported: Chrome, Edge (v80 and later), Firefox and Safari. Bright on February 25, 1989, for $140 million. About the Aikman contract his vision extends far beyond success on the Plate: Kwame Onwuachi 's Afro-Caribbean to! 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