Born in Salt Lake City, Buss was raised by his divorced mother, Jessie. His father, Lydus, was an accountant who went on to teach statistics at Berkeley. When he was nine years old, he moved with his mother to Los Angeles; they moved to Kemmerer, Wyoming, three years later when she remarried.
had a net worth of $600 million and was an American entrepreneur and professional sports franchise owner. The majority of Jerry Buss’ net fortune came from his ownership of the Los Angeles Lakers basketball franchise.
What is Jeanie Buss’ Net Worth? Jeanie Buss is the daughter of late Los Angeles Lakers owner Jerry Buss and the President and controlling owner of the team. Jeanie Buss has a net worth of $500 million.
Jerry Buss would attend USC basketball games during the Lakers offseason at the Galen Center in Downtown Los Angeles. With his tattered jeans, white socks and an unbuttoned dress shirt rare for a self-made billionaire, Dr. Buss regularly sat in seats available to the general public and unassumingly took in the game.
In 2011, Forbes called Buss “one of few powerful women in sports management”, and ESPN said she is “one of the most powerful women in the NBA”. After her father died in 2013, his 66% controlling ownership of the Lakers passed to his six children via a trust, with each child receiving an equal vote.
You’ve got to chase your dreams.” His dreams were realized in June 1994, when he became part owner of the team after purchasing 4.5 percent for a reported $10 million. In 2010, he sold his stake in the NBA team for an undisclosed sum to Dr. Patrick Soon-Shiong, a longtime Lakers season-ticket holder.
He became part-owner and head of basketball operations for the Charlotte Bobcats (now named the Hornets) in 2006, and bought a controlling interest in 2010. In 2016, Jordan became the first billionaire player in NBA history. As of 2022, his net worth is estimated at $2.1 billion.
In fact, the Lakers accounted for less than half of the final sale price, as the team and the Kings together were sold for just $24 million, according to Buss himself in the New York Times article. The other $43.5 million was for the indoor arena and the ranch.
Michael Jordan was the world’s first billionaire athlete. American basketball legend Michael Jordan, who celebrated his 54th birthday on Friday, was the world’s first billionaire athlete. Jordan, who is widely considered the greatest basketball player ever, owns an 89% stake in the NBA basketball side Charlotte Hornets …
Michael Jordan earned “only” $90 million as an NBA player for the Chicago Bulls during his winning basketball career. But Forbes values his current net worth at $1.7 billion, making him the richest retired athlete in the world, according to Forbes’ 2022 Billionaires List.