Jerry Jones – Net Worth, Money & More
Jerry Jones has a net worth of $ 2.7 billion.
He is the proud owner of National Football League’s Dallas Cowboys and an American businessman.
HIS EARLY DAYS AND HIS INTEREST IN FOOTBALL:
Born on October 13, 1942 to JW Pat Jones and Arminta Jones as Jerral Wayne Jones in Los Angeles, California but popularly known as Jerry Jones, he was always interested in football. When he was small his family moved to North Little Rock, Arkansas where he did his high schooling at North Little Rock High School. During his college days at University of Arkansas he also became a co-captain of the 1964 National Championship football team. During this period he had seen unlimited potential in the business of professional football. He was also a member of Kappa Sigma fraternity.
He played as an offensive lineman in Southwest Conference for coach Frank Broyles. Some of his notable teammates were Jimmy Johnson, Glen Ray Hines, Ken Hatfield, Jim Lindsey, and Loyd Phillips. He is also one of those few NFL owners who is also a successful player.
He then graduated from college in 1965 and was hired by his father’s insurance company ‘Modern Security Life of Springfield’ at Missouri as an Executive Vice President. He even completed his Masters degree in business in 1970.
HOW IS HE EARNING AND WHERE IS HE SPENDING?
Recently, Jones struck a massive deal of $ 500 million with AT&T for his stadium which has a capacity of 100,000. His sports franchise and also his cash machine is worth $ 2.3 billion. The Cowboys always gave him huge figures and in the last season it was $ 539 million (revenue) and $ 251 million (operating income). He had bought Cowboys in 1989 for $ 140 million. But, before buying the ultimate cash machine of his life, he had made his fortune in the 1970s with his ‘Jones Oil and Land Lease’, a very successful oil and gas exploration business in Arkansas.
As soon as he bought Cowboys, he immediately fired the long term coach of Cowboys Tom Landry and took in his college buddy Jimmy Johnson. Then, soon in 1990s the Cowboys won three Super Bowls. According to a recent study, the Cowboys are expected to receive around $ 200 million per year just from TV rights. They have signed deals with NFC, FOX, CBS, ESPN and DirecTV as of 2014. The team will also receive $ 80 million per year in annual sponsorship revenue for their stadium from companies like Ford Motor, Bank of America and PepsiCo. The cowboys also have their own merchandise which earns them an estimated amount of $ 80 million annually and that’s not it to jones! He receives money from stadium advertising, tickets and more! Isnt that enough for a cash maker to mint $ 500 millions annually?
It is shocking to know but the fact is Jerry Jones is worth around 41397 times more than that of a median US household!
HIS POPULARITY:
Jones has always been popular in the media and has appeared in a number of TV Series and also advertisements. Jones appeared as himself in a popular TV show COACH in the year 1996. In 1998, the character Baxter Cain (owner of the Dallas Felons) in the movie BASEketball was inspired by non other than Jerry Jones. He even made a cameo role by appearing as himself in the movie Dallas: War of the Ewings in the same year.
Jones along with his Cowboys head coach Wade Phillips and Quarterback Tony Romo were featured in a Diet Pepsi MAX television commercial in 2007. Jones also has appeared as himself in the seventh season of Entourage aired in HBO in 2010 and even for an episode titled Truth and Consequences for TNT. He has also been starred in a series of commercials for the 2012 season of ESPN’s Monday Night Football and in the season 4 premiere of The League.
In the year 2013, Jones narrated a documentary film on Jim Lindsey who was a former teammate and also a business partner. He has appeared in 2013 Pepsi Commercial. Most recently Jones has acted in a commercial for Papa John’s.
FINED BY NFL:
In 2008, Jones was fined a hefty amount of $ 25,000 by the NFL Commissioner Roger Goodell on the offense of criticizing referee Ed Hochuli about his overall performance.
In 2009, he was again fined for violating a gag order on labor issues.
GIVING BACK HIS MONEY FOR A CAUSE!
Jones raised around $ 1.6 billion for the charity through his Cowboys’ phenomenal Thanksgiving halftime show over the past 15 years.
HIS WIFE AND CHILDREN:
Jerry Jones married Gene Jones and they both are proud of being parents to three chief officers of Dallas Cowboys – Stephen born on July 21, 1961 and graduated from the University of Arkansas serving as Chief Operating Officer/Vice President, Charlotte born on July 26, 1966 and graduated from Standford serving as Chief Brand Office/Executive Vice President and Jerry Jr. born on September 27, 1969 and graduated from Georgetown University serving as Chief Sales and Marketing officer/Vice President. Jerry Jones and Gene Jones and also blessed with Nine grandchildren.
