Jerry Jones stands as an embodiment of sportsmanship, business acumen and the American dream. Born in 1942 and attending University of Arkansas for football playback duties; Jones began accumulating wealth by investing his winnings into real estate development opportunities that became known as The Dallas Cowboys which under his ownership has won three Super Bowl championships! Today Jerry is perhaps best-known as owner of these NFL team since 1989 when taking control.
How Did Jerry Jones Accumulate His Wealth?
Jerry’s wealth accumulation story is that of grit, foresight, and a dash of serendipity. Before he became synonymous with the Dallas Cowboys, Jones treaded into the world of oil and gas. In the 1970s, he started Jones Oil and Land Lease, an oil and gas exploration business, which paved the way for his first million. His foray into the energy sector didn’t stop there. He became the controlling shareholder of Comstock Resources, a publicly traded Texas oil and gas company. His investments also span drilling opportunities and a myriad of retail and residential real estate projects in Dallas.
What Are Jerry Jones’ Other Sources of Income?
Besides the Dallas Cowboys and his exploits in the oil and gas industry, Jerry has diversified his income sources over the years. He ventured into hospitality management and even took a bite of the fast-food industry by investing in Papa John’s franchises. His appearances in television films and commercials also added to his coffers. Furthermore, as the head of his real estate and investment company, Blue Star Land, Jones has continued to expand his empire, reflecting his business versatility.
What Is Jerry Jones’ Current Net Worth?
According to Bloomberg, Jerry Jones’ net worth in 2023 stands tall at an estimated $13.5 billion. This monumental rise in wealth can be gauged from the fact that 31 years ago, he purchased the Dallas Cowboys for $60 million, a franchise that’s now worth an eye-popping $5.7 billion.
Does Jerry Jones Endorse Brands or Individuals?
Yes, Jones has been active in the endorsement arena. Besides endorsing products, he has used his influential status to endorse personalities, most notably, Donald Trump for the presidential race. Additionally, his endorsements aren’t restricted to just the political or commercial sphere; he’s endorsed coaches for his team, reflecting his hands-on approach with the Dallas Cowboys.
How Does Jerry Jones Contribute to Charity?
Philanthropy remains an integral part of Jones’ life. The Gene and Jerry Jones Family Arlington Youth Foundation stands testament to his commitment to community development. The primary aim of the Jones Foundation is to improve the lives of Arlington youth through programs related to football, athletics, health, education and arts. Over its 33 year existence, this family pledged an astonishing total of $16.5 Million toward organizations aligned with this cause.
What Luxuries Does Jerry Jones Own?
Jones’ lifestyle befits that of a billionaire. His megayacht, constructed in 2018, is a floating marvel worth $250 million. It’s as long as a football field and boasts eco-friendly features, using 30% less fuel than similar yachts. His Dallas residence, a Mediterranean-style mansion purchased in 1992 for $6 million, has appreciated in value and is estimated to be worth $28 million in 2020.
Jerry Jones epitomizes the classic success story: from humble roots to incredible wealth in just over half a lifetime. From football fields and boardrooms alike, his legacy lives on today and forevermore.