Apart from owning the Dallas Cowboys, Jerry Jones made his first million in oil investments in the 1970s. Jones and Johnson turned the team around quickly and the next season the team went 7-9. Before his foray into buying an NFL franchise, he did earn his initial riches in the oil and gas industry. The job comes with equity and a mandate to forge the future of the esports industry. The magazine called Jones a wildcatter, someone who drills oils wells on land not known for being an oil field. And none of that would have occurred without Kraft. After graduating college in 1965, Jerry Jones opened up a host of Shakey's. 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. We were talking about the future of the league. He was laughed at for the former, but not the latter. 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 . Forbes has estimated. He had to generate revenue, pay debt, and change the thought process among his fellow owners. Jones was born in Los Angeles, California, to John "Pat" and Armenita Jones. It later emerged that Jones' predecessor, Bright, had been dissatisfied with Landry for years and offered to relieve Jones of the inevitable criticism by dismissing the longtime coach himself prior to selling the team. It was the first time I heard an owner talk about where the league was going. "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. "Jerry does have a huge heart and he wanted to do things the right way. He could have gone dead-dog broke on this.". His finances, mostly through the sale of Arkoma, had changed dramatically. I wanted to be in football, but I wanted to collect the resources that I could. His net worth is now estimated at $14 billion. In 2013, Jones narrated a documentary film on former teammate and business partner Jim Lindsey. Jones revealed in July 2015 at a press conference before Cowboys training camp that he had undergone hip replacement surgery, joking that he wouldn't start the season on the PUP list. And its safe to say his investment has more than paid off. There is no majority owner. Owner of Dallas Cowboys, former footballer, owner of Jones Oil and Land Lease, The Gene and Jerry Jones Family Arlington Youth Foundation, 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). But in a game where success is measured by regular-season records and postseason appearances, Jones has found a way to make a lot of money in the absence of wins. Jerry was explaining to me how he was going to use this internet to grow the brand of the Dallas Cowboys. To win big, you have to play the big hand. [7] A few months later, he fired longtime general manager Tex Schramm, and assumed complete control over football matters. During his time in college, he was a member of the Kappa Sigma fraternity, a co-captain of the football team, and an all Southwest Conference offensive lineman. His vision extends far beyond success on the football field. Football (U.S.) NFL; Sports Industry; Sports; Money; Continue to read 5 stories in this Storyboard. 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.". On this Wikipedia the language links are at the top of the page across from the article title. Really, almost immediately Jerry became Public Enemy No. Related by education: University of Arkansas. In 2018, the company paid $38 million for a 200-acre site to be developed into a development called Star Business Park. It was time to relax. In February 1989, Jerry Jones bought the Dallas Cowboys for $140 million. According to Forbes, Jerry Jones' net worth is estimated at $13.7 billion. Eventually, he went back to Arkansas to get his Master's degree in Business and graduated in 1970. 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. [11] His privately held company currently does natural resource prospecting. Tyler Blevins will join GameSquare, the gaming venture 40%-owned by billionaires Jerry Jones and John Goff, as its chief innovation officer. 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. . So my dream was both. The team is currently worth $6.5 billion, and Jones fortune comes in at $5.6 billion. At one point, again using Teamster's money, Jones tried to buy the NFL's San Diego Chargers. At the same time, he's so human in that he wants to be liked. ", Jones is married and has three children. Jerry Jones' yacht is worth a whopping $250 million. There was no contact for six weeks or so, and then after the Cowboys finished the season at 3-13, Bright reached out and dropped the asking price to $140 million $65 million for the team and $75 million for Texas Stadium. 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 has always been a caffeine junkie, but during those first few years owning the Cowboys, it was coffee all morning and iced tea all afternoon. Copyright 2023 Market Realist. 2004-2023 CBS Interactive. Jerry Jones is the general manager and owner of the Dallas Cowboys which is one of the most valued franchises in the sporting world. After his purchase, he fired the coach, Tom Landry, and hired Jimmy Johnson in his stead. That figure is mind-boggling for a couple reasons. "You hear folks say, 'Jerry is all about the money.' Jerry Jones told Yahoo Finance in September that he wouldn't sell the Dallas Cowboys for $10 billion. It was about really rich men who liked having a football team and could afford to lose a few million each year. You are going to be famous. Eugenia brings in gigantic cash, yet her total net worth is $10- $19 million as of February 2023. Thing is, just a few weeks earlier, Jones had told his accountant, Jack Dixon, that he had no plans of ever touching the money, that all the stress of the previous 25 years was behind him. He also has made several appearances in television films and commercials. The family moved back to North Little Rock, Arkansas, in 1945. But with the way things are trending in Foxborough, Bill Belichicks boss should be concerned about what lies ahead. [38], Jones also appears in a 2013 Pepsi commercial, walking into an elevator filled with three men wearing New York Giants apparel, who look at him with discontent. [39], He was parodied on the first episode, "Go Fund Yourself", of the eighteenth season of South Park, along with several other NFL team owners. [citation needed], Jones became involved in the St. Louis Rams move back to Los Angeles with Stan Kroenke in 2016. The Cowboys owner currently holds a net worth of $13.5 billion as per. Back in April, during a conference announcing that AT&T Stadium would host the 50th annual Academy of Country Music Awards in April 2015, Jones had this to say about the Cowboys' incredible popularity despite, you know, all the mediocrity. As they stood there, the bar jam-packed with people, Dixon said, "You realize that this is the last time you're ever going to be able to walk in a bar and no one knows you. The Cowboys owner currently holds a net worth of $13.5 billion as per Forbes. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. The Dallas Cowboys are the world's most valuable sports franchise, worth an estimated $4.8 billion. He tried to start several businesses in the late 60s. 2009 Opens new Cowboys venue, AT&T Stadium, in Arlington, Texas. Jerry Jones; Tee Higgins trade; Kirk Cousins; . 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. Jerry Jones: Net Worth: $14 billion: Source of Wealth: Dallas Cowboys NFL team: Born: October 13, 1942 . Spygate, Deflategate, and the Aaron Hernandez saga all brought negative attention to the Patriots. Jones also heads up the real estate development firm Blue Star Land. 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. While the Cowboys enjoyed an impressive run in the early 90s, they havent advanced past the Divisional Round since 1995. LikeSportscastingon Facebook. He was all-in. It was a shame so many people didn't see, or understand, that side of him.". "My parents were going to be empty-nesters and enjoy travel. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. What is the Dallas Cowboys net worth? Put another way: Winning, it turns out, isn't everything. Learn about Jerry Jones's age, height, weight, dating, wife, girlfriend & kids. [33] Jones was also a key proponent of the Oakland Raiders' move to Las Vegas to play at Allegiant Stadium. There would be no more risk-taking. Even after you adjust for inflation, and the price becomes roughly $300 million, Jones has gotten an incredible return on his. "Thing is, it wasn't about the Aikman contract. ", About a month after the purchase went public, Jerry received a phone call from his father, Pat, who wore many hats for his son: best friend, business mentor, and really, his conscious. Jerry wanted to win as much as anyone, but he was going to run the Cowboys as a business. Jones owns a home in Destin, Florida. Bezos has the massive wealth needed to buy the team on his own, and then build the state of the . "The Cowboys were absolutely financially in the roughest shape there was, the proud America's Team had been foreclosed on," Jones says. "At that point, I really only wanted to buy the Cowboys, so I thought that dream was done. As of 2022, hes the 2nd richest NFL owner after Panthers David Tepper. He has earned so much wealth by doing a lot of hard with full patience and dedication towards his work. The Cowboys is currently valued at $5 billion. Today, Jones' net worth is estimated to be about $8.4 billion. According to the suit, Jones provided Cynthia Davis a $375,000 settlement, $57,000 in other expenses plus . Jerral Wayne Jones (born October 13, 1942)[1] is an American businessman who has been the owner, president, and general manager of the Dallas Cowboys of the National Football League (NFL) since February 1989. However, even though Jones boasts a net worth in excess of $10 billion and has Americas Team as part of his financial portfolio, he still falls short where it really matters to one of his peers with a little less spending power. Over the last decade, the Cowboys value increased over 220% from $1.50 billion to $4.80 . Dallas has a diverse offense that features star power at every position except tight end. "That was Jerry's greatest challenge. He spent the next two decades making money and plotting his return to football. Also, the value of an NFL franchise is bound to change depending on the popularity and performance of the team. He was also the. Notable members on the team included Johnson holdovers Troy Aikman, Emmitt Smith, Michael Irvin, and Super Bowl XXX MVP Larry Brown. ", Jones laughed, and said, "Nah, owners aren't that well known.". It was life changing. That was the hardest thing for me, just that we got off to such a tough start because of the Tom Landry situation.". Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. 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.". Permanently housed at the Lincoln Center for the Performing Arts, Tatiana is Chef Kwame Onwuachis new restaurant dedicated to telling Afro-Caribbean stories through food. 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. He is owner of the yacht Bravo Eugenia, named after his wife. The club has had back-to-back-to-back 8-8 records and haven't made the playoffs under coach Jason Garrett, who took over for Wade Phillips in 2010. He started quite a . That wasn't the case in the fall of 1988 when word came the Cowboys were once again on the block. However, they have a loaded roster that looks capable of ending an agonizingly long championship drought. The pressure was seemingly insurmountable. Jones has a net worth of $10.7bn, according to Forbes, with his holdings headed by the Cowboys. All this is old hat now, but no one was talking about it in 1989. Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. According to his bio on the Cowboys website, Jones became the first NFL owner to lead a team to three Super Bowl championships in the first seven years of ownership. Four years earlier, he, like the rest of the world, didn't even know the Cowboys were for sale. So, how did Jerry Jones make his money? The woman is the daughter of a former airline employee that Jones met in Little Rock, Arkansas. We welcome all corrections and feedback using the button below. 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. There were many nights Jones slept in his office at Valley Ranch. After graduating from the University of Arkansas, Jerral W. Jones was listed as an executive vice president. 7. [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. Updated: 7:36 PM CST February 23, 2023. See . Here are the best new movies available on Netflix in the month of March. 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. In 1996, Johnson became head coach of the Miami Dolphins, although he failed to . His parents owned two branches of Pat's Super Market in the Rose City . Dream was done t Stadium, in 1945 into a development called Star business.. ] Jones was also a key proponent of the team around quickly and the price becomes roughly $ million. 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