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. Bright who had previously purchased the Cowboys for $60 million. After several other unsuccessful business ventures (including an attempt, again using Teamsters money, to purchase the American Football League's San Diego Chargers in 1967),[10] he began an oil and gas exploration business in Arkansas, Jones Oil and Land Lease, which became successful. Jerry Jones stood by him, but there's no question that Cowboys executives and fans expect more. But if you do, you'll never get the opportunity if you don't make the Cowboys work. He is the son of Arminta Jones and J.W. 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.". Really, almost immediately Jerry became Public Enemy No. Jerry Jones has a net worth of $11 billion. Minority owners: None. But with the way things are trending in Foxborough, Bill Belichicks boss should be concerned about what lies ahead. Jerry Jone's Wife | Net Worth. Jerry Jones is an American entrepreneur and businessman who has achieved inspirational wealth and status. Jerry was always well liked by everyone," Gene says. Just five years ago, the Cowboys accounted for 85% of his $5.2 billion net worth. Jerry was contributing $90 million in cash, almost every dime he had, and borrowing the rest, putting up everything he owned as collateral. Spygate, Deflategate, and the Aaron Hernandez saga all brought negative attention to the Patriots. 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. His most valuable holding is the Dallas Cowboys, which he bought for $150 million in 1989. He made his fortune as an oil wildcatter in the 1970s. "Our first meeting was at Valley Ranch and there was no food except microwave popcorn, so we eventually leave for one of the airport hotels," Steinberg says. Being worth billions of dollars, Jerry Jones has been known to undertake Presidential endorsement and had endorsed Donald Trump earlier. "Why would I play for another four hours when the deal was done?" I've never met anyone who could envision the future like Jerry can. He wasn't interested, which I totally understood. The Cowboys Owner Has a Net Worth of $8.6 Billion Jones had success long before he became the owner of the Cowboys. He was talking about branding, TV contracts, independent deals of the NFL, naming rights for stadiums, sponsorships. The Cowboys owner has a net worth of around $8.5 billion and took over the franchise in 1989. Majority owner: Jerry Jones, 72. There was another factor in play, that being that a lot of Dallas types weren't thrilled with someone from Arkansas buying their football team. Jerry Jones is located in Dallas, Texas. Likewise, the team, Dallas Cowboy is worth $4.8 billion. And its safe to say his investment has more than paid off. On the other hand, Jones confidence level about the Cowboys chances of capturing some championship hardware in the the near future should be at an all-time high. 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. Storytelling On The Plate: Kwame Onwuachi's Afro-Caribbean Journey To Lincoln Center, Will Santos Be Expelled From Congress? 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. He was on his way to reshaping the NFL.". Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. The Jones family has pledged to donate $16.5 million to organizations supporting Arlington youth for over 33 years now. All this is old hat now, but no one was talking about it in 1989. The majority of Jones's fortune is derived from his ownership of the Dallas Cowboys, the National Football League franchise he purchased in 1989 for a then-record $150 million, Jones said. Goodell did not disclose the specific amount of Jones' fine in the memo.[37]. [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. 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. "Jerry does have a huge heart and he wanted to do things the right way. "The toughest moment we've had through these years of owning the Cowboys is the Tom Landry situation," says Stephen Jones. The Cowboys havent come close to winning a title in quite a while. . It didn't matter that it was six in the morning. ", Jones is married and has three children. Most of Jerry Jones' net worth is from the $4.2 billion assessment of the value of the Dallas Cowboys, but he has several other financial interests as well. Dallas Cowboys team owner Jerry Jones wants to make one thing clear head coach Mike McCarthys job is not on the line. 2004-2023 CBS Interactive. As of 2022, Jerry Jones' net worth is an estimated $12.4 billion, making him the 3rd wealthiest NFL team owner right now. Jerry Jones, Robert Kraft and 23 More Of The Richest NFL Team Owners . In 1996, Johnson became head coach of the Miami Dolphins, although he failed to . Before his foray into buying an NFL franchise, he did earn his initial riches in the oil and gas industry. 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. North Little Rock was beginning to integrate in 1957. "Take Cowboys owner Jerry Jones (net worth: $8.8 billion)," said Forbes writer Mike Ozanian. Follow. There were many nights Jones slept in his office at Valley Ranch. We lead, 24 of the last top 25 shows were NFL games, and any time your Cowboys play they're up there at the top and leading. Jones' support and role in the negotiations was criticized by some fans and sports media in St. The money, I don't get a kick out of thinking about my bank accounts or like Scrooge looking at his stacks of money. In this photo, NFL owner Jerry Jones of the Dallas Cowboys stands on the sidelines before the game against the Denver Broncos at Sports Authority Field at Mile High in Denver, Colorado, Sept. 17 . Dallas has a diverse offense that features star power at every position except tight end. It was because of him and what he accomplished and the way he accomplished it that I wanted to buy the Cowboys," Jones says. $2.5 billion, according to our most recent tally. [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. In 2013, Jones narrated a documentary film on former teammate and business partner Jim Lindsey. [29] There was particular criticism of Jones over his conflict with head coach Jimmy Johnson, as Jones "wanted Cowboys fans to know he had helped build those Super Bowl-winning teams", while "Johnson insisted that he made all of the personnel moves" because he had the final say in football matters and refused to relinquish this power. He could have gone dead-dog broke on this.". The defense may not be elite, but it certainly has a few exciting pieces. Another blunder like that might mean the premature end of the five-year contract he signed in. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. On this Wikipedia the language links are at the top of the page across from the article title. "I wouldn't say he would have retired by any stretch; he would have found something to create. Jones did not discuss the matter with Landry before announcing the decision. [51], In November 2022, a 1957 photo surfaced depicting a 14-year-old Jerry Jones witnessing an argument where White students attempted to prevent six African-American students from entering North Little Rock High School in Arkansas. Over the last decade, the Cowboys value increased over 220% from $1.50 billion to $4.80 . 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). [2] His parents owned two branches of Pat's Super Market in the Rose City neighborhood of North Little Rock. . Once new ownership, familial (see Lions and Raiders, for example) or otherwise, is established, we reset the counter. Jones and the Cowboys became winners very quickly, hoisting Super Bowl titles in 1992 and 1993 but soon after things began to unravel largely due to the spotlight, attention and jealousy. Still, this was the Cowboys. He made his first million in oil investments in the 1970s. Stephen serves as the Cowboys' chief operating officer, executive vice president, and director of player personnel. Today, Jones' net worth is estimated to be about $8.4 billion. While the Cowboys enjoyed an impressive run in the early 90s, they havent advanced past the Divisional Round since 1995. [19] Johnson then departed and was replaced by Barry Switzer, who won Super Bowl XXX in the 1995 season. They also have nine grandchildren. The woman is the daughter of a former airline employee that Jones met in Little Rock, Arkansas. According to Forbes, there are only three owners in the NFL who are worth more. 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. What position of need would you like to see the team fill in free agency in order to help make sure of that? In the book, Jones admitted he handled the firing of Landry poorly and accepted some blame for the disintegration of his relationship with Jimmy Johnson. 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. For years, it was a rich man's club, the league wasn't set up to make money. "At that point, I really only wanted to buy the Cowboys, so I thought that dream was done. Second, despite being known as "America's Team," the Cowboys have done little in recent years to earn the nickname. 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). A former footballer himself, he played with the University of Arkansas. Now, the Cowboys are the most valuable asset in his portfolio with. Jerry Jones has owned the Dallas Cowboys for 25 years. Following Jones is Rams owner Stan Kroenke, who has dropped down to "only" $8.2 billion, with Forbesestimating he has lost 18 percent of his wealth in the last year. As of 2023, Jerry Jones had a net worth of $8.5 billion, the majority of which comes from his ownership stake in the Dallas Cowboys. His finances, mostly through the sale of Arkoma, had changed dramatically. It was a shame so many people didn't see, or understand, that side of him.". 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. Bloomberg reports Jones also has investments in real estate, hospitality management, and Papa Johns franchises. My dad always has to have a challenge, and really, he can't sit still. We were talking about the future of the league. There were also heart problems. Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. People may receive compensation for some links to products and services on this website. Everyone is going to know your face, want your autograph, want to take a picture. [33] Jones was also a key proponent of the Oakland Raiders' move to Las Vegas to play at Allegiant Stadium. 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 original petition was filed on Sept. 14, 2020, against Jones and the Cowboys by an anonymous woman using the pseudonym Jane Doe. 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. Louis. [27], Some of the fan criticism is due to Jones' high visibility and involvement as the "face of the team",[28] a contrast to both Bright and the Cowboys' original owner, Clint Murchison Jr. Jones' prominent role has led to fans expressing displeasure with Jones and the lack of success of the franchise, with particular criticism of Jones' serving as his own general manager. A former football player himself, Jones played for the University of Arkansas. At times it was exciting, but the difficultly and stress was outweighing that more times than not. Requests for money and other expenses exceeded the amount that Jones agreed to pay in the trust agreement between the parties by nearly $1 million over the years, including $33,000 for a "Sweet 16" birthday party, which was featured on the reality TV show Big Rich Texas. What causes that is creating some aura, creating some excitement. Nov 11, 2017, 10:52 AM. He somehow moved past it all and stayed positive. Then, inMarch 1994, after the Cowboys had won their second Super Bowl under Johnson, Jones upset Johnson when he told reporters that any coach could have led the Cowboys to a Super Bowl. In terms of the ultimate dream, well, the NFL kept moving the goal posts on Jones, the price tag of admission only kept growing, more so than Jerry's bank account, at least until 1988. Money cant buy titles, but it can help you get a seat at the table in pro sports. His net worth is $14 billion. But his team received plenty of positive press for winning at an unprecedented clip a particularly impressive feat given the constraints of the salary cap. He is known for owning the Dallas Cowboys NFL team. After conflicts arose between Johnson and owner Jerry Jones, Jimmy agreed to leave in 1994 with a $2 million bonus. Since the dismissal, Jones indicated that he regrets the process of Landry's firing and his role in it. Jerry Jones has found one investment that beats the fantastical growth of his Dallas Cowboys natural gas. 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. As you know, the Cowboys have not gone to the playoffs in several years, the owner said. Jones jumped into the workforce at age 9 as a customer greeter at his parent's grocery store, named Pat's Supermarket. 1 everywhere except for in his home state. 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. Never afraid to speak his mind and always looking for an opportunity to promote his beloved Dallas Cowboys, the 79-year-old has done a masterful job turning the franchise into a money-making machine. Soon after the purchase he fired Tom Landry, the only coach in the team's history, and hired his old Arkansas teammate Jimmy Johnson. What he does have, though, is a collection of Lombardi Trophies. On the other hand, his father, Jerry Jones' net worth is around $11 billion as of 2023 which he earned by owning the Dallas Cowboys. Id do anything known to man to get to a Super Bowl, he said at a news conference in Jul. He also has made several appearances in television films and commercials. [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. Copyright 2023 Market Realist. 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. Jerry Jones has owned the Dallas Cowboys for 25 years. Dallas Cowboys owner Jerry Jones is being sued by a 25-year-old woman in North Texas claiming that he is her biological father. Jerry Jones has been the owner of the Dallas Cowboy since 1989. Bright on February 25, 1989, for $140 million. 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. That experiment failed and Jones went to work at Modern Security Life of Springfield, his father's insurance agency. [8], Jones is one of a very small number of NFL owners who had a significant level of success as a football player.[9]. With an estimated net worth of $8.3 billion, Robert Kraft doesnt have quite the same riches as the Cowboys outspoken owner. 2023 Celebrity Net Worth / All Rights Reserved. The fact is, that was the plan after he and Mike McCoy sold their gas and oil company, Arkoma, for $175 million and Jerry Jr. started his freshman year at Georgetown University. The last time Jones played golf a lifetime ago, his kids didn't even know he had ever played he closed a business deal on the first green, shook hands and promptly walked off the course, leaving his clubs in the cart. 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. Despite having a smaller net worth than Jones, New England Patriots owner Robert Kraft possesses plenty of valuable items money cant buy. Just think about that a minute. He had a brief cameo appearance as himself in the 1998 made-for-television reunion movie Dallas: War of the Ewings. Jones. Jerry Jones bought the Dallas Cowboys on February 29, 1989, for $140 million. Jones owns a home in Destin, Florida. "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. [15], After a slow start under Jones and Johnson (the first season under Jones, a 115 finish,[16] remains second only to the team's inaugural season in terms of futility),[17] Jones quickly built a team often considered one of the best NFL franchise of the 1990s. He was instrumental in brokering a deal between Stan Kroenke, San Diego Chargers owner Dean Spanos, and Oakland Raiders owner Mark Davis to ensure that Kroenke's SoFi Stadium plan passed, which it did via a 302 owners vote in favor. Your login session has expired. In 2014, he was asked why Johnson was not in the Ring of Honor despite his two Super Bowl victories as coach of the Cowboys. According to Forbes, Jerry Jones' net worth is estimated at $13.7 billion. I didn't do this for that. Offers may be subject to change without notice. Forbes has estimated. Jones also appeared as himself in a 1996 episode of the TV show Coach and in a 2007 television commercial for Diet Pepsi MAX, which also featured then Cowboys head coach Wade Phillips and quarterback Tony Romo. Put another way: Winning, it turns out, isn't everything. First, Jones bought the Cowboys in 1989 for $140 million. All net worths are calculated using data drawn from public sources. Bachelor of Arts/Science, University of Arkansas; Master of Arts, University of Arkansas. The pressure was seemingly insurmountable. 31 years ago, he purchased the team for a mere $60 million which now stands at a whopping $5.7 billion. For Jerry Jones, the price of admission into the NFL came out to $140 million. By David Maraniss. 7, apparently saw the biggest gain this year. I wanted to be in football, but I wanted to collect the resources that I could. "Those were really hard times, and we had never experienced that. Please logout and login again. The Cowboys have not won a Super Bowl since Super Bowl XXX. Jerry Jones megayacht is worth $250 million. "He bought the franchise in 1989 for $150 million and has since added a number of big-ticket . 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. About Jerry Jones Jones, co-captain of the University of Arkansas1964 national championship team, has long had football in his blood. He tried to start several businesses in the late 60s. "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. [24], The 2020 NFL season was Jones' 32nd as Cowboys owner, more than the combined tenures of his predecessors. 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 | . At Arkansas, Jones' teammate was Jimmy Johnson, whom Jones would later hire as his first head coach after he purchased the Cowboys. Jimmy right there at the table. Hunt Family Market Realist is a registered trademark. [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. Jerry Jones earned his first fortune as an executive vice president of Modern Security Life of Springfield, in Missouri. Honestly, that wasn't even the bad news. After a 2018 deal, Jones became the controlling shareholder in Comstock Resources, a publicly traded Texas oil and gas company. Jerry Jones Net Worth, Dallas Cowboys - $5.6 Billion. [12], On February 25, 1989, Jones purchased the Cowboys from H. R. "Bum" Bright for $140 million (equivalent to $292.5 million in 2020). 79 years. But, the truth is Jone's estimated net worth buoyed from his natural gas investments more than it is from "America's Team". I do think my mom was hoping he was going to relax, become a little more laid back.". That night was the first time anyone ever mentioned the internet to me. His jerry jones net worth before cowboys owned two branches of Pat 's Super Market in the 1995 season through... Who could envision the future like jerry can is known for owning the Dallas Cowboys on February 25 1989... Winning a title in quite a while that experiment failed and Jones went to work Modern! 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