Who is Jerry Jones?
Since February 1989, Jerral Wayne Jones, an American billionaire businessman born on October 13, 1942, has served as the owner, president, and general manager of the Dallas Cowboys of the National Football League (NFL) which has been a major contributor for Jerry Jones Net Worth.
Jones was born to John “Pat” and Armenita Jones in Los Angeles, California. In 1945, the family relocated once more to North Little Rock, Arkansas.
His parents were the owners of two Pat’s Super Market locations in North Little Rock’s Rose City district. Jones attended North Little Rock High School and graduated in 1960 as a running back.
What is Jerry Jones Net Worth?
A well-known American billionaire businessman named Jerry Jones is best known as the owner of the National Football League’s Dallas Cowboys (NFL).
According to Forbes, the owner of the Cowboys now has a net worth of $13.5 billion. Since 1989, he has served as the Cowboys’ owner. Jones played football at the University of Arkansas and was a former player.
He is the second-richest NFL owner as of 2022, after Panthers owner David Tepper. Since 1989, Jones has helped the Cowboys win three Super Bowl championships and transformed them into one of the most valuable sports organisations in the world.
What is the salary of Jerry Jones?
One of the most valuable sports clubs in the world is the Dallas Cowboys, whose owner and general manager is Jerry Jones. Jones’ fortune is presently valued at $5.6 billion, while the team is currently worth $6.5 billion.
What are the brands endorsed by Jerry Jones?
Jerry Jones, who is worth billions of dollars, has been known to endorse presidents and has previously backed Donald Trump. For his squad, he has also given his support to a few coaches.
What are the other sources of income for Jerry Jones?
Jerry Jones made his first million in oil ventures in the 1970s in addition to owning the Dallas Cowboys.
He continues to make investments in drilling prospects, Dallas-area residential and retail real estate developments, hotel management, and Papa John’s franchises.
Jones also acquired a majority stake in Comstock Resources, a publicly listed oil and gas business in Texas. Also, he has made a number of cameos in television movies and advertisements.
One of Jerry Jones’s well-known investments is in oil-related businesses. In the 1970s, he invested his first million dollars in the oil industry. With the publicly listed Texas oil and gas business Comstock Resources, he rose to the position of controlling shareholder.
Jones continues to invest in drilling possibilities, Dallas-area residential and retail real estate developments, hotel management businesses, and Papa John’s franchises.
When did Jerry Jones buy the Dallas Cowboys?
Jones paid H. R. “Bum” Bright $140 million (about $292.5 million in 2020) for the Cowboys on February 25, 1989.
Immediately after making the acquisition, he replaced Tom Landry, the team’s longstanding coach and the only one in its history, with Jimmy Johnson, an old friend from Arkansas.
A few months later, he dismissed Tex Schramm, the team’s longstanding general manager, and took full control of football-related decisions.
Jones swiftly constructed a squad that was frequently regarded as one of the top NFL franchises of the 1990s after a sluggish start under Jones and Johnson (the first season under Jones, a 1-15 finish, is second only to the team’s debut season in terms of futility).
The 1992 and 1993 seasons saw the Cowboys win Super Bowl XXVII and Super Bowl XXVIII, respectively. Following Johnson’s departure, Barry Switzer—who won the 1995 Super Bowl—took his position.
The financially precarious Bright claimed to be losing $1 million on the franchise per month at the time of the transaction. The Cowboys’ owner became a billionaire under Jones’ administration as their valuation increased to an estimated $5.5 billion.
The league’s financial success since 1989 has been attributed in large part to Jones. At a time when the conventional “Big Three” networks were attempting to persuade the league to accept a decrease in television rights prices, he was particularly influential in obtaining Fox as the NFC’s major broadcaster.
With well over $10 billion in income per season, the NFL is now the richest sports league in the world thanks in large part to increased broadcast revenues.
Jones owned the Cowboys for 32 NFL seasons, which is longer than all of his predecessors put together.
Has Jerry Jones paid some heavy fines to the NFL?
The NFL penalised Jones $25,000 for criticising referee Ed Hochuli in front of the public after Hochuli issued a decision in a game between the San Diego Chargers and Denver Broncos on September 14, 2008.
Hochuli was one of the NFL officials who received the greatest criticism, according to statements made by Jones both to the press and on his radio show. Jones’ first NFL penalty was this one.
When Jones made the remark that revenue sharing was “on its way out” in 2009, he was fined $100,000 for breaking a gag order on labour matters.
All owners and team officials were prohibited from talking about any part of the ongoing labour disputes by a gag order that Commissioner Roger Goodell had imposed.
According to insiders, Jones “stepped the line” and received a “six-figure” punishment. The commissioner then sent a message to all 32 owners, reminding them that the gag order is still in place. In the memo, Goodell omitted mentioning the the dollar amount of Jones’ fine.
Does Jerry Jones Take part in charity?
The Gene and Jerry Jones Family Arlington Youth Foundation‘s goal is to improve young people’s quality of life in Arlington by providing grants to programmes and facilities that support football and sports, health and wellness, education, and the arts.
For more than 33 years, the Jones family has promised to contribute $16.5 million to organisations that help Arlington’s youngsters.
Also check out Terry Crews Net Worth.